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

[becoin]

https://twitter.com/nayibbukele/status/1467333081505976323



 

He doesn't trade for his country. He buys for his country. There is a huge difference!

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[cAPSLOCK]

Ya know....I was just thinking...
A lot of folks on this thread have a secret love of Mackle Dee's.
I know I'm addicted to that orange goo and filet-o-fish product thingy, oozing with thick lumpy cum sauce within the golden, spongy, hot steamy Wonder Bread bun ..






GO BITCOIN

You make it sound so... erm... delicious? ( yuck!)

The only thing I like from there is the fries.  They got that down to an art for sure.

[cAPSLOCK]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

For me the problem is not the lack of a retail interest. The problem is that anytime the price increases, immediately it is pulled back by the bots of Binance traders.

This is a good point I want to sharpen a bit.

I keep talking about retail being missing.  And I should adjust to say that I do not think retail coming back is the "fix".  In fact I am worried that the current bitcoin infrastructure (Traditional Exchanges (coinbase , kraken, et al), Neo exchanges (CashApp, Strike), the Lightning and Liquid networks etc) may be in for a rather rough stress test once the public comes back to big daddy corn.

But the issue is the retail markets are still the price oracle.  I am making a HUGE bet that Bitcoin trading volume is WAY underrepresented by the TRADITIONAL exchanges because they are reporting the Retail SPOT market metrics.

The Neo Exchanges are where Gen Z is buying corn (Yeees, including Robinhood... meh), and the Traditional exchanges are probably in this hidden battle with each other to satisfy a growing OTC trade.

The the illusion is the Retail spot markets... still being led by the old guard are out of whack with what is really happening.

Traditional Exchanges:  Focusing on their OTC desks
Neo Exchanges:  Focusing on the DCA Millennial and under buyer.

In fact the latter is most likely one of the big customers of the former.  And what this means is the market makers have found yet another way to manipulate the markets because the people setting the Price are no longer really the people selling to the masses...

I helped a woman in her 60s at my church get into bitcoin (it was around 10k.. last summer-ish) and I recommended Kraken, Gemini, and CashApp.  She ended up wanting to buy more than she was allowed to at CashApp, but even though that was the case she also ended up doing 90% of her "trading" there simply because it was the easiest to deal with.

The average laser-eyes Gen-Zer is DCAing in at Swan Bitcoin rather than setting up an exchange account at Gemini.

Anyway... what I am trying to figure out now is:

-How much of this weird imbalance it what is causing these swings? 
-How does it flow to a better balance?
-What does that mean will happen.

And only THEN:
-What will happen when retail comes back to bitcoin?
----Where will they be buying?
----What will this stress do to the whole eco-stucture?

And so on...

[ChartBuddy]

Explanation

[cAPSLOCK]

https://twitter.com/nayibbukele/status/1467333081505976323



 

I seriously want to move to ES and start a recording studio in Bitcoin City.

Real good chance I am putting too much faith in Bukele, but he is redeeming an entire generation for me.  Yeah hes playing populist games... but he is also making a lot of great decisions for his country.  People are bitching about "legal tender" and all kinds of other shit... but this guy is sticking his neck out.  Seriously.  And he has a chance to be remembered VERY WELL in  (Central) American History.

As long as he does not either get assassinated, or turns into some despot.

[tertius993]

Ya know....I was just thinking...
A lot of folks on this thread have a secret love of Mackle Dee's.
I know I'm addicted to that orange goo and filet-o-fish product thingy, oozing with thick lumpy cum sauce within the golden, spongy, hot steamy Wonder Bread bun ..






GO BITCOIN

You make it sound so... erm... delicious? ( yuck!)

The only thing I like from there is the fries.  They got that down to an art for sure.

Given the earlier conversation about diet it’s rather frightening …

Personally I haven’t been to a McDonald’s (or any similar fast food “restaurant”) this century and plan to keep it that way.

[JimboToronto]

Good morn Bitcoinland.
Four eight six two one dollars
(Bitcoinaverage).

Let's get the price up
Over fifty thousand bucks.
So go Bitcoin go.

The only thing I like from there is the fries.  They got that down to an art for sure.

That's because they add artificial beef fat flavoring to the vegetable grease they fry them in.

Originally they were even better because they used real beef renderings before yielding to SJW/vegan/political-correctness BS in the 1990s.

It originally started by adding the fat that cooked out of their burgers to the fryers. The customers simply knew that their fries tasted better.

I wonder if the artificial beef flavoring they use now is produced from chemicals derived from animal products. If so, don't tell the vegans. They'll have a snit fit.  

[xhomerx10]

Good morn Bitcoinland.
Four eight six two one dollars
(Bitcoinaverage).

Let's get the price up
Over fifty thousand bucks.
So go Bitcoin go.

The only thing I like from there is the fries.  They got that down to an art for sure.

That's because they add artificial beef fat flavoring to the vegetable grease they fry them in.

Originally they were even better because they used real beef renderings before yielding to SJW/vegan/political-correctness BS in the 1990s.

It originally started by adding the fat that cooked out of their burgers to the fryers. The customers simply knew that their fries tasted better.

I wonder if the artificial beef flavoring they use now is produced from chemicals derived from animal products. If so, don't tell the vegans. They'll have a snit fit.  

 Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.
  Why do they taste to good!?

[Torque]

Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.

Yep. A lot of people would question "Well then why did they take out real fat from grocery products if they weren't bad for us?"

It had nothing to do with health. It was a cost issue. Real animal fat is a very costly component of prepared food products, and was getting more expensive by the year to include. The food industry was looking for every way imaginable to cut costs of food products in order to increase or maintain profit margins that were constantly decreasing. Real animal fat also goes rancid very fast, and so the food industry needed new (fake) fat products that were more stable so that their food products could sit on store shelves MUCH longer without going bad, extending their expiration dates to crazy levels.

Enter fake fat. Real butter gave way to margarine, whole milk gave way to skim and fat free milk, whole fat yogurt gave way to low fat and fat-free yogurt, real oils gave way to trans fats, cotton seed oils, palm oil, Olestra, etc. In order to preserve the taste after real animal fats were removed, fillers, sugar, and high fructose corn syrups were added. They also made sure to fire up an anti-fat campaign decades ago, and marketed and sold these products to the consumer as "Low Fat" or "fat free", and supposedly good for you. Now they are pivoting these same products to "Vegan-friendly".

And now here we are, with a global obesity epidemic that gets bigger (no pun intended) every year.

[ChartBuddy]

Explanation

[cAPSLOCK]

Ya know....I was just thinking...
A lot of folks on this thread have a secret love of Mackle Dee's.
I know I'm addicted to that orange goo and filet-o-fish product thingy, oozing with thick lumpy cum sauce within the golden, spongy, hot steamy Wonder Bread bun ..






GO BITCOIN

You make it sound so... erm... delicious? ( yuck!)

The only thing I like from there is the fries.  They got that down to an art for sure.

Given the earlier conversation about diet it’s rather frightening …

Personally I haven’t been to a McDonald’s (or any similar fast food “restaurant”) this century and plan to keep it that way.

Yeah.  I do NOT eat the fires.  That is one of the most anti-keto and unhealthful foods ever invented.  It's pre-masticated starch fired in seed oils.  I huge blast of (poisonous) calories accompanied by a massive insulin spiking glycemic bomb.

It is pretty much the fastest way to store fat.

But with enough salt they sure do taste good. (Interestingly the salt is also stored because of the metabolic processes this sort of "food" creates along with a lot of water. This ALSO makes you gain weight, as well as raises your BP).

In the same way I am sure heroin injected right into ones arm FEELS good.

All kinds of common foods fit in this category.  Pizza, Fried rice, ice cream, funnel cakes, greasy hamburgers (with big ass buns). And so on.  While trying to LOSE weight all that has to be avoided... but then the harder trick is when to allow ones self the occasional treat  once your have reached your healthy baseline... for me it has to be VERY LITTLE to avoid the slippery slope.

[BobLawblaw]

Good morning, brothers.
HO-DL strong and carry on.
Everything is fine.

[ChartBuddy]

Explanation

[OutOfMemory]

https://twitter.com/nayibbukele/status/1467333081505976323



 

I seriously want to move to ES and start a recording studio in Bitcoin City.

Real good chance I am putting too much faith in Bukele, but he is redeeming an entire generation for me.  Yeah hes playing populist games... but he is also making a lot of great decisions for his country.  People are bitching about "legal tender" and all kinds of other shit... but this guy is sticking his neck out.  Seriously.  And he has a chance to be remembered VERY WELL in  (Central) American History.

As long as he does not either get assassinated, or turns into some despot.

Lemme know if you need someone for setting and micing up stuff, rehearsals and recording/production assistance  
Maybe things fall in place perfectly.

EDIT: Done shoveling, snowfall stopped. Currently charging the drone, i should find some time tomorrow for deep winter shots. Last photopost was quite a while ago...

[naim027]

Me to NoCoiners and Newbies.

[strawbs]

When you understand
what bitcoin is and will be,
these dips mean nothing

[ChartBuddy]

Explanation

[OutOfMemory]

the day bitcoin dies
is the end of internet
so it is written

[Toxic2040]

the sunday morning wall report

#haikuSunday
Its about freedom.
Being sovereign, complete.
You can decide that.
 


#dyor

river tumbled down the rapids and over the falls
4h


Significant volatility continues over the weekend as bitcoin currently battles around $49kish with short fibs showing some areas of interest. Steady on lads.
D

#stronghands

[El duderino_]

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