Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Lucius]

I would think things in Sweden would be better than that... Keeping you offline for up to a year is unacceptable in this day and age...

Surprising for such an advanced country. In case of a major malfunction that may be fixed in 2-3 days, I get mobile internet (separate box - unlimited traffic) until the repair is done, in a country that lags behind Sweden by at least 25+ years. In addition, for all who have problems with wires, there are alternatives in the form of mobile internet which is very fast (4G or 5G) and very affordable.


@Arriemoller, what about Tele2 which is a Swedish company and offer mobile internet - https://www.tele2.se/

[Torque]

Interesting news...

Jack Dorsey stepping down from CEO of Twitter.  Markets seem to like it (with the stock up5%).  Not sure if he intends to stay at the top of Square.

Possible this has something to do with the sharks at Elliott Management who have been trying to oust him.

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

RIP Twitter.

I could be wrong here, but it's my understanding is that Jack was the only person standing in the way of Twitter becoming more of an aggressively ad-riddled, invasive data collecting, free-speech censored, Facebook-like toxic cesspool.

Sounds like he no longer wanted to play along with the greedy wealthy investors.

It’s also unknown why Dorsey, 45, would take a step back. But if he steps down, the next CEO will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

[ChartBuddy]

Explanation

[cAPSLOCK]

Interesting news...

Jack Dorsey stepping down from CEO of Twitter.  Markets seem to like it (with the stock up5%).  Not sure if he intends to stay at the top of Square.

Possible this has something to do with the sharks at Elliott Management who have been trying to oust him.

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

RIP Twitter.

I could be wrong here, but it's my understanding is that Jack was the only person standing in the way of Twitter becoming more of an aggressively ad-riddled, invasive data collecting, free-speech censored, Facebook-like toxic cesspool.

Sounds like he no longer wanted to play along with the greedy wealthy investors.

It’s also unknown why Dorsey, 45, would take a step back. But if he steps down, the next CEO will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

That's interesting Torque.

I have been so puzzled by Jack because the whole corporate "censorship" aspect we have seen over the last few years has been very prominent on Twitter where an entire set of people have been ERASED there including a sitting (and now past) US president.  Where one particular worldview is exalted, and another declared to be "Nazi" or "fascist" or "white supremacist" And shut down.

At this point in the story the two faced liberal, and the HONEST libertarian will point out that Twitter is a private company and should be allowed to curate their content how they choose including banning whomever they want for any reason they want. I agree with this point of view. And it saddens me that so many people that identify with the sort of politics I espouse are shouting "censorship" at the top of their lungs, which is why I put it in quotes, and why I point out that it is the HONEST libertarians who defend Twitter's right to do this and it saddens me there are so few.

That does not mean it is not an abominable practice.

And that is where I get confused about Jack.  His push towards the "blue sky" project.  His love of decentralized systems, including Bitcoin, and his claim to want to support wild unfettered free speech seem to contradict with the position he takes when he awkwardly testifies in front of congress.

That's where I get confused.  Which is he?

Another problem is he is building ANOTHER Twitter like ediface with Square/Cashapp.  A centralized bank that is all tangled up in Bitcoin and is destined to censor transactions eventually, UNLESS they build it in a way that learned the lessons they missed when building twitter.

Which side is he on?  I don't know.

[lightfoot]

I have been so puzzled by Jack because the whole corporate "censorship" aspect we have seen over the last few years has been very prominent on Twitter where an entire set of people have been ERASED there including a sitting (and now past) US president.  Where one particular worldview is exalted, and another declared to be "Nazi" or "fascist" or "white supremacist" And shut down.

They were "censored" as soon as they stopped making oodles of money for the company. The twitter/facebook/google TOS is a complete joke, what it should say is "you can do anything you want as long as we make lots of money on it".

Such is life.

[cAPSLOCK]

I *WILL* quote myself again that this is a bear trap eventually...

But this channel does not look too happy yet.  But obviously if we can retake circa 60k that would be very meaningful here.  Again, it is interesting seeing so little retail involvement while Microstrategy announces getting in for another half billion at just under 60.

I feel like we are beginning to push a little past "due to hear about more OTC positions being taken by the bigger players".  They are either all playing chicken with each other holding back their announcements, or Microstrategy is shooting the biggest foot cannon in the history of finance.

Since, IMO, it is not the latter we are only left with seeing UP coming soon.  We are sitting on the edge of it right now.  Will this resolve as a bullflag?  Or do we stay in the channel some more?

*EDIT*
One other comment.

At these retail price oracles like Stamp and Finex et all we are seeing something OVER and OVER in the midst of a bull market:

On the way up there is little retail volume.  But the selloffs DO have greater volume.  Look at the chart below.  See how the down-barts are accompanied by big red candles, and yet the legs up have like 20% the sized green candles.  HOWEVER we are still in a bull market overall, and have been seeing this pattern just about the whole time.

I think there is only one way to interpret this (and it makes me excited).  And it harmonizes with what we have been seeing this whole cycle.

Coins are moving from the hands of traders on retail exchanges into the cold storage of people trading somewhere else.  Otherwise we would have seen the run from 3k-60k in under 2 years. Volume up on the exchanges when the market moves down, and quiet as it floats up.  Yet we are net going up.

I am betting that Microstrategy is enjoying their position as the only big player who can just brag about their intentions since they earned the position to do so by being first.

On the other hand if other large stakes are being taken, and the companies taking the stakes are public.  We cannot go forever with them operating in the dark.  Eventually they will have to report what they have done, right?

I just cant figure out how we do not see an avalanche of announcements soon.  Nothing else makes sense. 

[shahzadafzal]

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

Well not sure what’s cooking in his head but until now it seems he understands the technology.

“I don’t think there is anything more important in my lifetime to work on than #Bitcoin  

- @jack (June 4th 2021)”

https://twitter.com/blockworks_/status/1465328849227550730?s=21

[julian071]

As the BTC price seems to follow the stock market lately, and as that seems to follow the good and the bad news about Corona, some news about the latter: the South-African GP who was one of the first to discover Omikron, said its symptoms are much milder. IF that is true AND it is more contagious, that would be very good news indeed, because that would mean COVID-19 would follow the evolutionary route of other Corona-viruses; becoming milder to the point of being a seasonal flu.

Not quite there yet and unconfirmed info, but still.

Saw the GP on Dutch TV so no link.

[BitcoinBunny]

Madman. 

[El duderino_]

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

Well not sure what’s cooking in his head but until now it seems he understands the technology.

“I don’t think there is anything more important in my lifetime to work on than #Bitcoin  

- @jack (June 4th 2021)”

https://twitter.com/blockworks_/status/1465328849227550730?s=21

Very nice to say something like that on the 4th of June…. Miracles occur on that date 

That’s when my Bday hat comes out of my avatar map

[Richy_T]

That's where I get confused.  Which is he?

He sports an anarcho-communist star tattoo. If his actions seems contradictory it may be because his ideology is likewise.

And drugs. Lots of drugs.

[ChartBuddy]

Explanation

[BobLawblaw]

In any case, I won't be visiting the COVID-19 thread much

... and to be clear, I only - angrily - chose to create that thread and moderate it for the sake of sanity of this thread.

I don't like that we're being split along ideological differences, when at the core of it, we're all fruity degen WO'ers.

Let us not lose sight of the fun of why we are here in this thread.

I do not enjoy becoming "Aggro Bob" in the C19 thread, when I post content that runs counter to some narratives.

NGL. I hate this stupid space rock right now.

Human civilization and society is moving backwards in its development, IMO, since C19 stepped onto the playing field.

[rdbase]

This and it being cyber monday probably caused the sudden rise up in the price today.

Jack stepping down from Twitter is also big news for crypto so he can focus on his other child Square.

[bitcoinPsycho]

$60000 bitcoin in one hour


Go Bitcoin go

[Torque]

In any case, I won't be visiting the COVID-19 thread much

... and to be clear, I only - angrily - chose to create that thread and moderate it for the sake of sanity of this thread.

I don't like that we're being split along ideological differences, when at the core of it, we're all fruity degen WO'ers.

Let us not lose sight of the fun of why we are here in this thread.

I do not enjoy becoming "Aggro Bob" in the C19 thread, when I post content that runs counter to some narratives.

I probably won't be participating in that thread as much moving forward either. The facts, data, and stats have been presented. The evidence is overwhelming. The case has been made. There's nothing else to say on the topic. Further evidence revealed in the coming years will only strengthen the argument. In ten years, this will all be looked back upon as the great "WITFH?" moment of our time.

When pro-vaxxers starting calling the vaccine ADRs/death stats and data published by the CDC themselves as "fake news" because it didn't fit their pro-vaxx narrative, that's when I checked out.

[bitcoinPsycho]

Just booked my booster dose


Don't want to suffocate to death with all these bitcoins

[cAPSLOCK]

Looks like bullflag resolved...

Now let's see what sort of legs this thing has...

[naim027]

I think $60K is a very strong resistance for BTC. If we can clear this then be ready for the new ATH.

[UnDerDoG81]

Jack is not censoring as much as Facebook and Google. That and because he is supporting Bitcoin are the reasons he had to go. No, he did not quit himself. He had to go because he is not playing along with the agenda in power. Just as they got rid of so many presidents in Afrika and as they got rid of Austrias president 2 months ago, just in time for Austrian insanity. I am sure the ex president was against lockdowns and vaxx mandates. So they published some dirt about him and he had to step back. They made Japans president who was against lockdowns in the beginning of the plandemic step down as well. They control everything. And Ghislaine Maxwells trial will lead to nothing. All the pedophile politicians, Sports, Music and Hollywood stars are safe and protected by the agenda. Maybe they throw some unimportant ones in the fire to make the masses think there is democracy.