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

[marcus_of_augustus]

... let's go Bandon!!

... CIA and psycho-spooks wants to steal a fatter share of crypto gains, covert war on bitcoin by DeepStateSwampGovCreatureUSA is declared

... fake jabs for all and health security facist swamp state not enough apparently?

[marcus_of_augustus]

Mark Twain said it best: Never argue with an idiot. You'll never convince the idiot that you're correct, and bystanders won't be able to tell who's who. Peace.

... you're much worse than an idiot, but let's leave at that shall we chump?

[Biodom]

From Barrons:

https://www.barrons.com/articles/kb-home-toll-lennar-analyst-ratings-51643309493 (mostly paid content)

"The national security memorandum, expected to come in the next few weeks, would task parts of the government with analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins, and NFTs, or non-fungible tokens.."

NFTs? hehe

[marcus_of_augustus]

Wow.  This is extremely bad news IMHO...

Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets

https://www.coindesk.com/tech/2022/01/27/trezor-adopts-swiss-travel-rule-protocol-for-private-crypto-wallets/

it is good news.

it means along with LN and trezor swiss protocol  btc will be more and more co opted into the banking system

kyc will rule with in ten years.

no such thing as new hidden coins.

... have you always been an anti-privacy gubmint snoop toady? or is that something that comes with the later years in life?

[savetherainforest]

Mark Twain said it best: Never argue with an idiot. You'll never convince the idiot that you're correct, and bystanders won't be able to tell who's who. Peace.

I would love to know from out experts here if this is bullish or bullish. 🤨

Probably it is the next dip that I'm expecting to happen. I have cash prepared for this last dip. My last 20% of cash for scooping some more stuff and maybe some BTCiTcoin as well, but I'm not a big believer in BTCiTcoin gains anymore. Another 10x is meh for those like me with 2000x .... GO F^CKING BANANAS ON SH!TCOINS !!! BUY ALL THE SH!TCOINS!!! ... (before bankers do ofc.. )

[marcus_of_augustus]

Wow.  This is extremely bad news IMHO...

Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets

https://www.coindesk.com/tech/2022/01/27/trezor-adopts-swiss-travel-rule-protocol-for-private-crypto-wallets/

21 Analytics CEO Lucas Betschart

... Lucas Betschart is possibly a CIA asset, worked for Swiss firm Crypto AG https://en.wikipedia.org/wiki/Crypto_AG in Zug-Steinhausen before bitcoin ~2009-2013, and travelled regularly to the US, began embedding himself in cryptocurrency activities and social circles around 2013-14

The company was secretly purchased for US $5.75 million and jointly owned by the American Central Intelligence Agency (CIA) and West German Federal Intelligence Service (BND) from 1970 until about 1993, with CIA continuing as sole owner until about 2018.[1][2] The mission of breaking encrypted communication using a secretly owned company was known as "Operation Rubikon". With headquarters in Steinhausen, the company was a long-established manufacturer of encryption machines and a wide variety of cipher devices.[2]

The company has been criticised for selling backdoored products to benefit the American, British and German national signals intelligence agencies, the National Security Agency (NSA), the Government Communications Headquarters (GCHQ), and the BND, respectively.[5][6][7] On 11 February 2020, The Washington Post, ZDF and SRF revealed that Crypto AG was secretly owned by the CIA in a highly classified partnership with West German intelligence, and the spy agencies could easily break the codes used to send encrypted messages. The operation was known first by the code name "Thesaurus" and later "Rubicon".[1] According to a Swiss parliamentary investigation, "Swiss intelligence service were aware of and benefited from the Zug-based firm Crypto AG’s involvement in the US-led spying".[8]

[Hueristic]

Wow.  This is extremely bad news IMHO...

Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets

https://www.coindesk.com/tech/2022/01/27/trezor-adopts-swiss-travel-rule-protocol-for-private-crypto-wallets/

The Swiss, from the best most private banking system to the worst nanny state oversight in the world in one generation.

How sad.

[ChartBuddy]

Explanation

[psycodad]

<snip>

... Lucas Betschart is likely CIA asset, worked for Swiss firm Crypto AG https://en.wikipedia.org/wiki/Crypto_AG in Zug-Steinhausen before bitcoin ~2009-2013, and travelled regularly to the US, began embedding himself in cryptocurrency activities and social circles around 2013-24

<snip>

Nice find!
One might suspect this company has at least some involvement with the intelligence community.

At the same address there is a company called Bitcoin Core Code Signing Association (the links gives a warning as they seem to use a certificate for github.com):

Bitcoin Core signs its Windows and macOS binaries with code signing certificates. Those certificates either need to be bound to an individual or a company organization. Bitcoin Core is purely an open source project and has no legal entity, thus, some of the Core Developers have founded an association with the single purpose of registering for code signing certificates.

I currently don't know what to make out of this coincidence, but I find it mildly interesting.

[icopress]

Am I the only one with a screenshot of El duderino_'s four sevens?

[El duderino_]

Am I the only one with a screenshot of El duderino_'s four sevens?

I guess so….

Didn’t saw them myself 

[icopress]

I guess so….

Didn’t saw them myself 

Check ...maybe this iconic screenshot has already been posted in [Save your nice merit records here] threads 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

Am I the only one with a screenshot of El duderino_'s four sevens?

Hmm I am getting near 4444

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

How much UP movement in BTC price does it take before you personally are going to start to believe that the bottom for this particular correction is "in"?  

By the way, if you have not looked at the BTC price charts recently (out of fear, detachment or for whatever other personal reasons) our current bottom is at $32,951 - nearly 4 days ago as I type this post.

Yesterday (or was it the day before?  the days all mix together sometimes, no?), I had already provided my tentative answer to this question, but I would not mind hearing what other WO posters consider a sufficient UPpity BTC price threshold in order to start to feel a wee bit cocky that the bottom for this correction may well be "in" (sure your might want to account for time, too.. but mostly I am trying to focus on price in this here question with a kind of presumption that the threshold could get crossed in the next 1 hour to 6 months).

Here are the response options:

1) Already enough UPpity to proclaim the bottom is "in".

2) Getting above $38k for more than a few hours will be enough

3) Getting above $40k

4) Getting above $42k

5) Getting above $46k

6) Getting above $50k

7) Getting above $55k

8.) Getting above $62k

9) Getting above some other price level not listed above (and perhaps some additional criteria?)



Pray tell.  Opinions matters, especially the opinion of uie pooie (I won't even make any exceptions here.. for the sake of inclusivity.. hahahahahaha)


Edit:

Bonus question.  Am I getting to be too presumptuous regarding conditions in which the bottom might be in with my asking the above question?  

Bonus description:  I acknowledge that there are going to be some WO active members here that want to fight with presumptions of the above question, and may well not want to participate in this proposition because they are having trouble accepting any conditions in which the bottom might already be "in"


Edit 2:  After looking at a couple of responses:  I believe that if you proclaim that "we need down before up" then you are fighting the hypothetical, and this hypothetical that I present is largely presuming up and asking "how much UP" do you need to see before you can conclude that the "bottom is in"  which current bottom is already described as $32,951...

I see the tendency to fight the hypothetical, fight it...

[Copetech]

How much UP movement in BTC price does it take before you personally are going to start to believe that the bottom for this particular correction is "in"? 

By the way, if you have not looked at the BTC price charts recently (out of fear, detachment or for whatever other personal reasons) our current bottom is at $32,951 - nearly 4 days ago as I type this post.

Yesterday (or was it the day before?  the days all mix together sometimes, no?), I had already provided my tentative answer to this question, but I would not mind hearing what other WO posters consider a sufficient UPpity BTC price threshold in order to start to feel a wee bit cocky that the bottom for this correction may well be "in" (sure your might want to account for time, too.. but mostly I am trying to focus on price in this here question with a kind of presumption that the threshold could get crossed in the next 1 hour to 6 months).

Here are the response options:

1) Already enough UPpity to proclaim the bottom is "in".

2) Getting above $38k for more than a few hours will be enough

3) Getting above $40k

4) Getting above $42k

5) Getting above $46k

6) Getting above $50k

7) Getting above $55k

8.) Getting above $62k

9) Getting above some other price level not listed above (and perhaps some additional criteria?)



Pray tell.  Opinions matters, especially the opinion of uie pooie (I won't even make any exceptions here.. for the sake of inclusivity.. hahahahahaha)

I think your natural bullish bias (I can't blame you and completely understand) seems to be clouding your vision of general sentiment. I'm seeing a lot of peeps who were quite Bullish in August '21 now saying "it's crypto winter, buckle up for the long Bear cycle." Granted sentiment is not EVERYTHING, but it certainly a significant factor! I'm afraid we're going to see a bit lower numbers than $32,951... but I am also pretty certain that there are a lot of Dollar$ waiting to jump in at the high $20k to low $30k mark. So I expect we'll see the price retest the $28k support and find an unexpectedly strong level of new money entering in that area. Then if the right Hopium drops at the right time, we could see a sudden bounce to the low $50k's which could be enough to trigger a FOMO surge combined with a short squeeze. If not, we may drift along sideways a bit more and retest down to $24k-$25k arena. At which time I would certainly hope we'd get enough bounce to trigger a 2x daily candle leading into ano5her Bullish scenario.

So I guess if I was forced into the framenings of your specific (possibly misguided) question, my answer would be somewhere between 6&7... but I just think there are many more factors involved than your scenario allows for...  Dweeb!