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

[Hueristic]

So the punchlines from the presentation seem to be that Tether is supposedly insufficiently backed, filled with a bunch of disingenuine actors who are largely engaged in Ponzi scheme behaviors and could implode at any moment - taking the rest of bitcoin/crypto with it (or at least dealing a considerable blow to bitcoin/crypto). Another point seems to be that many of us in the bitcoin/crypto space are not taking this seriously enough, yet I am confused regarding what actions we are supposed to be taking?  Demand the auditing of Tether?  lobby for their prosecution?  Surely, there are a lot of governmental actors who would just love to take down tether, but the NY settlements seem to show that even the US Govt does not feel that they have enough ammunition to really take down Tether, and instead seems like settlements just allows for some abilities to have continuing ways to interfere with Tether with ongoing fines and ways to attempt to "keep Tether in check."

What we can do about it is just not park our capitol in it.

I have a sneaking suspicion that the fed has its tendrils in bitfinex and tether to the root right now.

and that is why even though the NY AG specifically stated there are provable times tether is fractional reserve he would just fine them and ban New Yorkers from using them therefore doing his due diligence.

Remember it was a state attorney general that levied the fines and findings not the FED.

[OutOfMemory]

Hi guys
I'm feeling better now.
I don't know if it was my arthritis acting up or if I had Omicron I had muscle and joint aches, headache, slept a lot and had nightly sweatings/hot/cold kind of thing. and that's symptoms that fit both. I also had my knee swelling up again so I had to go to the hospital and empty it and get a cortisone shot, that helped and I also got better over all after that. but in time that would coincide with when a covid infection would be over-ish.
I got bad on January first and didn't feel alright until three days ago.
Had no loss of smell though and no cough to speak of, just a little, so I don't know what I had, but I feel good now.
I will probably not bother to read the backlog, is there anything important I have missed?

Nice to read good news from you again, Arrie!
They didn't check for Covid at the hospital? Strange...
Did you try organic sulphur (MSM) combined with Vitamin C and Glucosamine?
It's pretty effective against swelling and pain in light to moderate cases, i also experienced stronger hair growth after taking MSM for a few weeks.
At start, you could get serious bloating and headache, unless you slowly ramp up the MSM dosage from 1/8g to 1g (double the initial dose every third day) and drink a lot of water. I mean 2-4 liters per day, your body will crave for it, believe me
Read it up. It's safe unless you don't go over 2g/day or more. Some do 6g daily for a short while and didn't have any problems.

The backlog: We're in the dip of the dip of the dip. I am mainly reading WO since Christmas, came to posting less because of more private reasons, less free time after all.

[ChartBuddy]

Explanation

[vapourminer]

This is one reason why multi-front ASIC chip development is so important.  One attack vector would be able to produce a chip so powerful that you could use it for a 51% attack or the likes.

I am thinking the time of that possibility might be past us?

With the amount of hashrate you would need for a 51% attack you're probably better off just mining. And there isn't much "profit" with this kind of attack to begin with. Doublespend would be fraud (i.e. lawsuits) no matter how you look at it, and you'd need a massive amount of bitcoins to spend. What else? Some FUD (attack!!! run for the hills!!!) + shorting? But that can be done far cheaper, just spread rumors about China or something. Force a hardfork? No different than creating a new shitcoin.

sometimes the intent is to destroy, not control.

[Arriemoller]

Hi guys
I'm feeling better now.
I don't know if it was my arthritis acting up or if I had Omicron, I had muscle and joint aches, headache, slept a lot and had nightly sweatings/hot/cold kind of thing. and that's symptoms that fit both. I also had my knee swelling up again so I had to go to the hospital and empty it and get a cortisone shot, that helped and I also got better over all after that. but in time that would coincide with when a covid infection would be over-ish.
I got bad on January first and didn't feel alright until three days ago.
Had no loss of smell though and no cough to speak of, just a little, so I don't know what I had, but I feel good now.
I will probably not bother to read the backlog, is there anything important I have missed?

Nice to read good news from you again, Arrie!
They didn't check for Covid at the hospital? Strange...
Did you try organic sulphur (MSM) combined with Vitamin C and Glucosamine?
It's pretty effective against swelling and pain in light to moderate cases, i also experienced stronger hair growth after taking MSM for a few weeks.
At start, you could get serious bloating and headache, unless you slowly ramp up the MSM dosage from 1/8g to 1g (double the initial dose every third day) and drink a lot of water. I mean 2-4 liters per day, your body will crave for it, believe me
Read it up. It's safe unless you don't go over 2g/day or more. Some do 6g daily for a short while and didn't have any problems.

The backlog: We're in the dip of the dip of the dip. I am mainly reading WO since Christmas, came to posting less because of more private reasons, less free time after all.

No, no checks at the hospital any more, I think they don't take it that seriously any more, they do make you wear a mask inside the hospital though, the only place I have been to that has a mask mandate.
They did tell me when we made small talk that many of their doctors and nurses were in self quarantine at home because of Omicron, a lot of them had had the earlier version of covid and were triple vaccinated.
So it seems omicron is spreading like wildfire to everyone regardless of earlier immunization.

And it looks like the parliament is about to take away the governments temporary right to impose restrictions, they want to prolong it for another four months, but the parliament has let it be known that they will only approve a two month prolonging.
And then I guess it's over, at least in Sweden.

I have tried Glucosamine only, but I can't say it had any noticeable effect. I do have an open prescription for Prednisolon (a cortisone) and I use it to suppress my inflammation if it gets really bad, it works very well but I have to use it sparsely, it is not good for your body in the long run.

 

[El duderino_]

May the Ant survive this time

Why….

This time is different.

[El duderino_]

May the Ant survive this time

Why….

This time is different.

[cAPSLOCK]

May the Ant survive this time

Why….

This time is different.

Merited both!

[Arriemoller]

That's cheating 

[Arriemoller]

Been thinking a bit, now that European countries are starting to to give up and say "fuck it, Covid is just another flu infection from now on", how are countries like China and New Zealand going to cope with that?
Are they going to stay in self isolation for ever?
They have to accept reality at some point and let the virus in.

[ChartBuddy]

Explanation

[JayJuanGee]

BTC trading at 2x since the ath of 2017
Pretty pathetic price performance if you ask me, especially for the long term holders

Good one, YourMother.


Frequently it is pretty clear if members are being serious with their assertions.  This is a good one because it is difficult to know how much seriousness to take you in this level of nonsense.  Surely, there is some humor to it, so I will give you that.

BTC trading at 2x since the ath of 2017
Pretty pathetic price performance if you ask me, especially for the long term holders

Yes.  $40k bitcoin is such a huge disappointment. 

Yes.  Exactly.

Annoying price of BTC for long term hodlers….

I am not sure whether annoying is really accurate, even though there is likely some frustration in terms of potential expectations that an exponential price rise seemed poised to happen, and then it got snuffed out a couple of times.. yet I would still imagine, that there are some difficulties in being that annoyed by this whole process - especially since the vast majority of us longer term HODLers likely already appreciate that there are no guarantees in bitcoinlandia..so then almost no matter what there should be some appreciation that we are still up 4x from September 2020.

Many longer term HODLers are going to have average prices per BTC that are quite below $10k, so just being in decent profits that are multiples of the size of the BTC investment should be a comfortable place to be...

Another aspect would be how much BTC has been accumulated.  It does not seem to be enough to merely assert that as a long term HODLer you happen to have more than 4x in profits without putting some kind of a number behind it. 

Imagine a few different kinds of HODLers who may have been somewhat persistent with bitcoin and got involved in Bitcoin in around 2017, and I am not even necessarily referring to anything too specific about your situation dude because I do not necessarily even know many of your specifics beyond perhaps throwing some possible variation of you into a hypothetical (#nohomo).


1a) 2017 hypo entrant 1a (decently well off):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 50 plus bitcoin at an average prices below $3k.
1b) 2017 hypo entrant 1b (decently well off):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 50 plus bitcoin at an average prices around $10k.


2a) 2017 hypo entrant 2a (moderately well off):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 21 plus bitcoin at an average prices below $3k.
2b) 2017 hypo entrant 2b (moderately well off):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 21 plus bitcoin at an average prices around $10k.


3a) 2017 hypo entrant 3a (average Joe):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 10-21 bitcoin at an average prices below $3k.
3b) 2017 hypo entrant 3b (average Joe):  Engaged in a variety of lump sum investing, DCA and maybe even selling and rebuying.. and has accumulated 10-21 bitcoin at an average prices around $10k.


4a) 2017 hypo entrant 4a (struggling Joe):  Engaged in mostly DCA'ing and attempted some lump sum investing along the way and has accumulated 3-10 bitcoin at an average prices below $3k.
4b) 2017 hypo entrant 4b (struggling Joe):  Engaged in mostly DCA'ing and attempted some lump sum investing along the way and has accumulated 3-10 bitcoin at an average prices around $10k.


5a) 2017 hypo entrant 5a (Really struggling Joe):  Engaged in mostly DCA'ing and attempted some lump sum investing along the way and has accumulated fewer than 3 bitcoin at an average prices below $3k.
5b) 2017 hypo entrant 5b (Really struggling Joe):  Engaged in mostly DCA'ing and attempted some lump sum investing along the way and has accumulated fewer than 3 bitcoin at an average prices around $10k.


I would characterize all 5(10) above examples as a persistent BTC buyers who had not really deviated from persistence in buying BTC, but has had differing results based on how much means s/he had available.

Probably the ones higher on the list are going to feel more prepared for UP, and maybe even "annoyed" that the BTC price is not going up, but the ones lower on the list might well be relieved to have more BTC accumulating opportunities

Some did sold some at good/reasonable prices compared with now.

But to sit on a load of cash with non intentions not really the best thing imo.

Surely there are questions regarding how anyone might play their selling on the way up.. and if they sell large amounts of their holdings or small amounts, and then surely the questions about when to buy back if that might have been part of the motive for selling.

Though I understand some would like to buy on the cheap, but now price isn’t yet cheap enough to rebuy, maybe if sold at the ATH-ish, other problem is people who haven’t sold any or very low numbers are a bit stuck as well cause if they want something a little more expensive, then it surely isn’t the price to sell atm…

Struggle of a hodlers life ….

Btc to cheap to sell or to high to buy back….  

One of the problems of even including any kind of selling practice as a means to accumulate.. Yet I would suspect that the dilema is not as problematic for either those who are DCAing or those who just buy on dips without selling.. and surely buying on dips could be a variation of DCAing because maybe there would not be a building up of funds, unless there are some inclinations to hold backon the regular buying because there are thoughts that the price might go down further.   Quite likely the dilema for those who are buying only would be less than those who are screwing around with selling.

I know, I know, I know... I do engage in a practice of selling BTC on the way up....so sure.. label me as a bit of a hypocrite...  but I will assert that I have absolutely no dilemma regarding when to buy back, because my method follows a system.. so the amount sold is relatively small.. so then there does not seem to be much of any dilemma regarding when and how to buy back....

My main ongoing personal dilemma seems to come from how far I want to maintain my BTC buy orders, so at some point, I have inclinations to pull some of the value off of the table, but that surely could be problematic if the BTC price were to go way lower than expected.  So currently my BTC buy orders go down to $20k, and I am having some feelings that I would like to pull some of those buy orders between $20k and $25k off of the table, and of course, if BTC prices were to actually dip down into the lower $30ks, I would be feeling way more stress in having had pulled those buy orders between $20k and $25k.. than if I were to just leave them there for a wee bit longer.. how long?  another 6 months?  another year?  How will I know, feel comfortable and have confidence to pull those buy orders (and the cash) off the table?

[d_eddie]

Isn't it fun to think?  

Imagine Intel has designed and produced a wafer or two of these chips.  Proof of Concept.

And say the chips are a significant magnitude faster than the current crop.  And then imagine them able to make serious money when they are burning them in.  Then the meeting where they say, "We can pay a great deal of the R&D and FAB costs of these by just frontrunning the mining before releasing them.  Should we?".

I'd go even further and imagine they are already paying their R&D etc. costs. Think of the recent hashrate ATH, even after so many Chinese miners had to relocate or shut down altogether. Hmm...

Conspiracy or no conspiracy, your call about some yuuge chip company making an ASIC was something!

[El duderino_]

[JayJuanGee]

BTC trading at 2x since the ath of 2017
Pretty pathetic price performance if you ask me, especially for the long term holders

Yes.  $40k bitcoin is such a huge disappointment. 

That ''lame'' 2x made me retired from beeing a slavewager.

Hahahahaha

That's another way of putting it.

[OutOfMemory]

Hi guys
I'm feeling better now.
I don't know if it was my arthritis acting up or if I had Omicron I had muscle and joint aches, headache, slept a lot and had nightly sweatings/hot/cold kind of thing. and that's symptoms that fit both. I also had my knee swelling up again so I had to go to the hospital and empty it and get a cortisone shot, that helped and I also got better over all after that. but in time that would coincide with when a covid infection would be over-ish.
I got bad on January first and didn't feel alright until three days ago.
Had no loss of smell though and no cough to speak of, just a little, so I don't know what I had, but I feel good now.
I will probably not bother to read the backlog, is there anything important I have missed?

Nice to read good news from you again, Arrie!
They didn't check for Covid at the hospital? Strange...
Did you try organic sulphur (MSM) combined with Vitamin C and Glucosamine?
It's pretty effective against swelling and pain in light to moderate cases, i also experienced stronger hair growth after taking MSM for a few weeks.
At start, you could get serious bloating and headache, unless you slowly ramp up the MSM dosage from 1/8g to 1g (double the initial dose every third day) and drink a lot of water. I mean 2-4 liters per day, your body will crave for it, believe me
Read it up. It's safe unless you don't go over 2g/day or more. Some do 6g daily for a short while and didn't have any problems.

The backlog: We're in the dip of the dip of the dip. I am mainly reading WO since Christmas, came to posting less because of more private reasons, less free time after all.

No, no checks at the hospital any more, I think they don't take it that seriously any more, they do make you wear a mask inside the hospital though, the only place I have been to that has a mask mandate.
They did tell me when we made small talk that many of their doctors and nurses were in self quarantine at home because of Omicron, a lot of them had had the earlier version of covid and were triple vaccinated.
So it seems omicron is spreading like wildfire to everyone regardless of earlier immunization.

And it looks like the parliament is about to take away the governments temporary right to impose restrictions, they want to prolong it for another four months, but the parliament has let it be known that they will only approve a two month prolonging.
And then I guess it's over, at least in Sweden.

I have tried Glucosamine only, but I can't say it had any noticeable effect. I do have an open prescription for Prednisolon (a cortisone) and I use it to suppress my inflammation if it gets really bad, it works very well but I have to use it sparsely, it is not good for your body in the long run.

 

FFP2 (N95) Masks worn correctly turned out to be the most effective against Omicron infection. I got quite a fan of carragene nasal sprays, which is an extract from algae, that in turn decreases the viral load and docking capability of sars2 viruses in upper respiraory tract tissues. It's replicating mainly in these tissues, not in the deeper lung tissue, unlike the preceding sars2 variants. So vaccines aren't building up early immune response antibodies and t-cells that are in/on these tissues, that's why the work poorly against infection (put simple).

We have full retard covid politics here at the moment, with vaccination mandates, signing off violation of parts of the EU-GDPR when you get vaccinated, to share all your health data with various national and political institutions, automatically processed, personal health data, that is.
I currently look at my motherland as a failing state, covid politics wise. I shoudl post an update to the COVID thread, soon.

Glucosamine (and Collagenes) has to be taken for a couple of weeks to start showing effects, when isolated, afair. There are also nutritional co-dependencies (vit C, afair).
Since glucosamine is chemically similar to fructose, i could not take it too long because of the side effects in my particular case. Generally it is quite well tolerated by everybody not having a problem with fructose (and co.)...

Cortisone depletes calcium quite agressively, you should always supplement that along with K2 and Vitamin-D, up to 200% RDA while taking moderate doses of cortisone.
I use it rarely and sparingly, when my bowel gives me hell every few years.

Been thinking a bit, now that European countries are starting to to give up and say "fuck it, Covid is just another flu infection from now on", how are countries like China and New Zealand going to cope with that?
Are they going to stay in self isolation for ever?
They have to accept reality at some point and let the virus in.

Not here. They want to let Omicron in WITH everybody and his dog getting vaccinated on top. They fucked up a few times now already, they fear nothing more than fucking up another time.

[philipma1957]

Been thinking a bit, now that European countries are starting to to give up and say "fuck it, Covid is just another flu infection from now on", how are countries like China and New Zealand going to cope with that?
Are they going to stay in self isolation for ever?
They have to accept reality at some point and let the virus in.

And they now have the advantage of:

A] anti - viral drugs work against it.
B] time to have built a stock pile of anti viral drugs
C] they had time to max everyone

So let it rip.

Lets see how they do in about 1 years time.

[d_eddie]

Been thinking a bit, now that European countries are starting to to give up and say "fuck it, Covid is just another flu infection from now on", how are countries like China and New Zealand going to cope with that?
Are they going to stay in self isolation for ever?
They have to accept reality at some point and let the virus in.

Unless they know something about covid we don't. And I don't mean New Zealand.

[d_eddie]

China's Property Sector Is Crashing Again And This Time It Has Reached The Country's Biggest Developer
https://www.zerohedge.com/markets/chinas-property-sector-crashing-again-and-time-it-has-reached-countrys-biggest-developer

Check.

2. Wealthy investors and hedge funds with insider knowledge will start front running these events, buying up Bitcoin starting Dec 2021 and resuming first week of January 2022. They likely already know what is coming and are front running it now.

Check? Happening already? OTC of course, so it won't be noticed until much later.

3. To further fuel the fire, we could finally see a new U.S. Bitcoin ETF in Q1/Q2 of 2022. (this already happened Dec 2021)

Check.

5. China will of course retaliate by shutting down all onshore crypto exchanges, popping the Bitcoin bubble. Once again. 

Check.

Oh well, wait, they just banned their citizens to use those services, right? Some exchanges are still working with the foreigners, I think. But it's a work in progress - right?

The bears will then take over.

Uh-uh. Could this step be avoided, pretty-please?

China PBOC will then print yuan like a mofo and bail out any and all Chinese property developers.

Let them print yuan into oblivion. We already had a decade of Chinese cheap goods, and more or less can deal with that. I'd go as far as saying we are dependent on that.

4. We could see a new Bitcoin ATH and blow off top come mid year 2022.

This is the best in the bunch. Waiting for a big fat check mark on this one

[Arriemoller]

Hi guys
I'm feeling better now.
I don't know if it was my arthritis acting up or if I had Omicron I had muscle and joint aches, headache, slept a lot and had nightly sweatings/hot/cold kind of thing. and that's symptoms that fit both. I also had my knee swelling up again so I had to go to the hospital and empty it and get a cortisone shot, that helped and I also got better over all after that. but in time that would coincide with when a covid infection would be over-ish.
I got bad on January first and didn't feel alright until three days ago.
Had no loss of smell though and no cough to speak of, just a little, so I don't know what I had, but I feel good now.
I will probably not bother to read the backlog, is there anything important I have missed?

Nice to read good news from you again, Arrie!
They didn't check for Covid at the hospital? Strange...
Did you try organic sulphur (MSM) combined with Vitamin C and Glucosamine?
It's pretty effective against swelling and pain in light to moderate cases, i also experienced stronger hair growth after taking MSM for a few weeks.
At start, you could get serious bloating and headache, unless you slowly ramp up the MSM dosage from 1/8g to 1g (double the initial dose every third day) and drink a lot of water. I mean 2-4 liters per day, your body will crave for it, believe me
Read it up. It's safe unless you don't go over 2g/day or more. Some do 6g daily for a short while and didn't have any problems.

The backlog: We're in the dip of the dip of the dip. I am mainly reading WO since Christmas, came to posting less because of more private reasons, less free time after all.

No, no checks at the hospital any more, I think they don't take it that seriously any more, they do make you wear a mask inside the hospital though, the only place I have been to that has a mask mandate.
They did tell me when we made small talk that many of their doctors and nurses were in self quarantine at home because of Omicron, a lot of them had had the earlier version of covid and were triple vaccinated.
So it seems omicron is spreading like wildfire to everyone regardless of earlier immunization.

And it looks like the parliament is about to take away the governments temporary right to impose restrictions, they want to prolong it for another four months, but the parliament has let it be known that they will only approve a two month prolonging.
And then I guess it's over, at least in Sweden.

I have tried Glucosamine only, but I can't say it had any noticeable effect. I do have an open prescription for Prednisolon (a cortisone) and I use it to suppress my inflammation if it gets really bad, it works very well but I have to use it sparsely, it is not good for your body in the long run.

 

FFP2 (N95) Masks worn correctly turned out to be the most effective against Omicron infection. I got quite a fan of carragene nasal sprays, which is an extract from algae, that in turn decreases the viral load and docking capability of sars2 viruses in upper respiraory tract tissues. It's replicating mainly in these tissues, not in the deeper lung tissue, unlike the preceding sars2 variants. So vaccines aren't building up early immune response antibodies and t-cells that are in/on these tissues, that's why the work poorly against infection (put simple).

We have full retard covid politics here at the moment, with vaccination mandates, signing off violation of parts of the EU-GDPR when you get vaccinated, to share all your health data with various national and political institutions, automatically processed, personal health data, that is.
I currently look at my motherland as a failing state, covid politics wise. I shoudl post an update to the COVID thread, soon.

Glucosamine (and Collagenes) has to be taken for a couple of weeks to start showing effects, when isolated, afair. There are also nutritional co-dependencies (vit C, afair).
Since glucosamine is chemically similar to fructose, i could not take it too long because of the side effects in my particular case. Generally it is quite well tolerated by everybody not having a problem with fructose (and co.)...

Cortisone depletes calcium quite agressively, you should always supplement that along with K2 and Vitamin-D, up to 200% RDA while taking moderate doses of cortisone.
I use it rarely and sparingly, when my bowel gives me hell every few years.

Been thinking a bit, now that European countries are starting to to give up and say "fuck it, Covid is just another flu infection from now on", how are countries like China and New Zealand going to cope with that?
Are they going to stay in self isolation for ever?
They have to accept reality at some point and let the virus in.

Not here. They want to let Omicron in WITH everybody and his dog getting vaccinated on top. They fucked up a few times now already, they fear nothing more than fucking up another time.

Yeah, I read about the vaccination mandate, that has to be illegal, I see several lawsuits in the European court of human rights in the future.

Talking about Omicron and animals, Hong Kong authorities have just killed several thousand hamsters after some hamsters imported from Holland tested positive for covid. I shit you not. The have also told people not to kiss their hamsters.

Going to hit the sack and read a little, stay safe!