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

[savetherainforest]

Interesting on the breaking news from Russia:




@ProfaneBenni
BREAKING: If reports are to be believed, #Russia is planning to recognise #cryptocurrencies as currencies. It's incredibly #bullish news.
I delved a little deeper. Here's what we know right now. Thread. 1/

https://twitter.com/profanebenni/status/1491313537092034563?s=21


@ProfaneBenni
The report circulating on #Twitter is sourced from the @kommersant newspaper.
According to #Wikipedia, Kommersant is a nationally distributed Russian paper with a daily circulation of 100000+ in 2013. It is devoted to covering politics and business. So it is legit. 2/
https://twitter.com/profanebenni/status/1491313555475673089?s=21


@ProfaneBenni
Here are the most important parts of the report. "The government and the Bank of Russia have agreed on a future regime for the circulation of cryptocurrencies in Russia: by February 18, they will prepare a draft law on the circulation of digital currencies in the Russian..." 3/
https://twitter.com/profanebenni/status/1491313558801756163?s=21


@ProfaneBenni
... Federation, in which cryptocurrencies are recognized as an analogue of currencies, and not digital financial assets (DFA)." 4/
https://twitter.com/profanebenni/status/1491313561427054592?s=21


@ProfaneBenni
"Their circulation in the legal sector will be possible only with full identification, through the banking system or licensed intermediaries." 5/
https://twitter.com/profanebenni/status/1491313573997715462?s=21


@ProfaneBenni
"... fines will be introduced for the illegal acceptance of cryptocurrencies as a means of payment."
This implies that crypto will be a legal means of payment in Russia. And illegal acceptance will invite legal action. 6/
https://twitter.com/profanebenni/status/1491313579370631170?s=21


@ProfaneBenni
 "... evasion of declaring transactions with cryptocurrency will become a criminal offense, and its use will become an aggravating circumstance in other offenses." 7/
https://twitter.com/profanebenni/status/1491313594050686976?s=21


@ProfaneBenni
"The possession of cryptocurrency in the jurisdiction of the Russian Federation and transactions with it are not prohibited - but only through the "organizer of the digital currency exchange system" (a bank with a universal license) or a p2p exchanger legalized in the ..." 8/
https://twitter.com/profanebenni/status/1491313601717882880?s=21


@ProfaneBenni
"... Russian Federation."
"So far, the most intriguing is the organization of the legalization of the existing undeclared cryptocurrency, which is not described in the concept." 9/
https://twitter.com/profanebenni/status/1491313604851007488?s=21


@ProfaneBenni
"The Ministry of Finance's estimate of the total amount of crypto assets in the Russian Federation has not changed - it is 12 million crypto wallets with assets worth 2 trillion rubles."
This is equivalent to around 26,711,184,000 USD. 10/
https://twitter.com/profanebenni/status/1491313618713190401?s=21


@ProfaneBenni
Previously, The Bank of Russia had expressed its disapproval of cryptocurrencies and called for an outright ban. However, Vladimir #Putin then went on record to outline Russia's advantages in #Bitcoin  mining. 11/
https://twitter.com/profanebenni/status/1491313621993156613?s=21


@ProfaneBenni
Putin is the indisputable ruler of Russia. His opinion could have been expected to prevail. It seems like it did. #NATO and the #US have been mulling over sanctions on Russia over their militaristic overtures in #Ukraine. 12/
https://twitter.com/profanebenni/status/1491313641169514497?s=21


@ProfaneBenni
There were talks of plans to remove Russia from the SWIFT payment system. So Putin could be looking for a way to sidestep the dollar and the conventional payment system. What better than Bitcoin! 13/
https://twitter.com/profanebenni/status/1491313646815035393?s=21


@ProfaneBenni
Consider Russia's massive #oil and gas reserves, among other natural resources, and you have the perfect recipe for a Bitcoin mining powerhouse. The Kommersant report says that decisions are still to be made on the subject of mining. Let's wait and watch. 14/
https://twitter.com/profanebenni/status/1491313664829591555?s=21


@ProfaneBenni
Now we wait for further corroboration from other news sources about this exceedingly bullish news. Few would have actually expected a country as powerful as Russia to come onboard the Bitcoin wagon so early. Even though it makes all the sense in the world. 15/
https://twitter.com/profanebenni/status/1491313669757890560?s=21


@ProfaneBenni
Game theory is working. Russia may be going all in.
Your move, US. 16/
https://twitter.com/profanebenni/status/1491313685943689220?s=21

             

Allow me to have no compassion and not give 2 sh!ts about any of that.

Russia will be conquered and divided in hundreds of smaller countries. The same goes for regions like in Spain.. was it Catalonia?? Also in Italy was something and also many other countries with weird populations and languages and nonsense that makes them not agree one with each other. Also the US of A will also be divided in maybe 100+ smaller states or even thousands.

So all this nonsense with NATO, Russia and Puttiné is (Chuck Norris meme) meaningless. Very pointless on the basis of a long term scenario.

Everything will burn to the ground and something new will be built from the old system. And the smartest hobo in the room is North Korea that has over 200K+ BTCiTcoins.      

Everything else will die.            



*edit(): And for all the idiots out there that think if a nuke will blow in Ukraine or near that Rusia border, then they should look at this:

https://upload.wikimedia.org/wikipedia/commons/9/9c/Earth_Global_Circulation_-_en.svg

Basically all the nuclear winds blow towards / back to "mama Ruskia".

[RejectedBanana]

Was a billionaire yesterday...

Q:
How it’s possible they were so stupid to keep their private key on plain text on a cloud service?

A:

These rap videos are the real crimes here folks!  
She's already shut down her YouTube but not these yet.
Lot of lyrics probably admissible as evidence.
Cutthroat Country: "spearfish your password - all your funds transferred"

Versace Bedouin Ode to misfits and hackers
https://vimeo.com/348396244

Menace to Society indeed!
https://www.youtube.com/watch?v=Nmo27rBwIOY&t=222s

https://razzlekhan.com/
https://www.linkedin.com/in/untraveling/
"With words and software, you can write your own destiny." Oops.

DOJ Statement of Facts
https://www.justice.gov/opa/press-release/file/1470186/download
$500 Walmart Gyft card and Dropbox spreadsheet took them down.
Fun day to be an agent when they make it this easy for you.

How to social engineer yourself into anything, even prison!


https://twitter.com/cCryptula/status/1491194859830771712

[julian071]

https://www.theguardian.com/technology/2022/feb/09/can-bitcoin-be-sustainable-inside-the-norwegian-mine-that-also-dries-wood

Besides from simply using sustainable energy, lots can be done, like in this example. Other example: couple mining with sustainable energy sources like windmills and solar cells, and let them mine when there is a surplus of energy on the network.

[ChartBuddy]

Explanation

[cAPSLOCK]

I guess it's a good thing that criminals are idiots.

Cobra doesn't agree with this.

Are we seriously to believe the absurd notion that someone capable of hacking 100K BTC stores the private keys in… CLOUD STORAGE?

I'm just surprised how many actually believe that story. How much more ridiculous a story must be for people to laugh at the source and not the silly story that they put out?

I see very few who agree with it.  Everyone thinks there is something fishy about it.

[Moneyprism]

Bitcoin magazine spam my Twitter wall with Russian news and I retweet back on my Twitter wall to improve their spam

...(a great collaboration between the two of us)

NEW Collision symbol Russian city Yurga wants to mine #Bitcoin with local petroleum to create jobs

https://twitter.com/BitcoinMagazine/status/1491375306812567556?cxt=HHwWiMDR1ZP8trIpAAAA

rip russian c-bank

[AlcoHoDL]

Ups, downs, pumps, dumps... A roller coaster of volatility. Or, is it? Could we be looking at it the wrong way? Whenever there's someone worrying about a dip, there's often a comment about "zooming out". It's a valid comment. It's good advice. What many people don't realize, is that zooming out is actually a crude form of averaging. Not in the strict mathematical sense, but this is what it effectively does. Averaging, filtering, smoothing, "seeing the whole picture", or whatever else you want to call it. Part of the averaging is done by the screen rendering algorithm, part of it is done by our brains, but it's still averaging, and it can help us "see the bigger picture".

For a more mathematically rigorous approach, one could take, for example, the BTC/USD 200-Week Moving Average (200WMA) graph, pictured below, together with the BTC/USD spot price, from 2012 until the present day. Notice how smooth it is. There are virtually no purple dots in the spot price graph, meaning that 200WMA has always been monotonically increasing since 2012! Not a single drop in its value, which currently stands just shy of $20,000/BTC. Also, notice that spot price has (almost) never dropped below 200WMA, and, instead, has consistently stayed well above it, exceeding one order of magnitude (10x) in value at times. This means that 200WMA is a tried-and-tested, reliable indicator of a guaranteed minimum price, even in bear seasons when there are deep dips and long sideways actions. This can be seen in both the MtGox-triggered bear season of 2014-1015, as well as the more recent 2017-2019 bear season. In both of these cases, 200WMA just slowed down a bit, but never reversed its monotonically increasing direction. It's never been affected by Elon's tweets, Putin's plans, or China's bans... It just captures the raw trend and filters out the noise. And the trend is clearly UP.

I like graphs like 200WMA. IMHO, this is the type of indicator than truly captures the direction Bitcoin is heading, and this is the indicator one should base his/her decisions on life-changing matters, such as quitting a job, relocating to another country, making a very big purchase, etc. Bitcoin spot price may reach $100k and beyond, but it can also drop to dangerously low levels in the short term, that can invalidate your life-changing plan and turn your status from "fuck-you" to "fucked-up" in no time...

tl;dr: Current "fuck-you" status Bitcoin stash* = 100 BTC

* Based on JJG's $2M entry-level "fuck-you" status, combined with the current 200WMA value of $20k/BTC.


BTC/USD 200-Week Moving Average (200WMA) Indicator



Graph source: https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

[ChartBuddy]

Explanation

[icopress]

Fuck... covid got to my family.

[serveria.com]

Fuck... covid got to my family.

Good thing Covid is not what it used to be... but anyway all the best to your loved ones!

[julian071]

Fuck... covid got to my family.

Good thing Covid is not what it used to be... but anyway all the best to your loved ones!

All the best!!

My GF has Corona again too, for the second time (first time was Alpha, before vaccines were there, she got long covid as a result). Omicron with a couple of shots is a whole other beast luckily, this time she was pretty sick for one day (yesterday), today is already much better.

[Torque]

The Bitfinex thieves (or at least the ones that ended up with the coins):

https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

[img=100]https://i.imgur.com/F0b5MCB.png[/img]

[img=100]https://pbs.twimg.com/media/FLFvBNuXMAAyztw.jpg[/img]

The most interesting thing to me here is confirmation that the feds are taking an interest in financial criminal activity the crypto/Bitcoin world.

It also shows something else too.

Shitcoiners want to rail on btc for being pseudo anonymous and for transactions being traceable. But it's a feature, not a bug. I guarantee you that if it truly weren't, the governments of the world would have made a concerted effort long ago to declare Bitcoin illegal. In some ways, it is Bitcoin's saving grace in terms of governments and corporations embracing and adopting it.

[lightfoot]

Fuck... covid got to my family.

Sorry to hear that. Hopefully they are vaccinated and thus the impact will be minimal. If not then hopefully the hospitals in your neighborhood are past the peak admissions from January.

[savetherainforest]

Fuck... covid got to my family.

Good thing Covid is not what it used to be... but anyway all the best to your loved ones!

They will be fine.    

Just give them crushed dried orange peals, like 5 grams per day, but not all at once. Like split it in two, and put like 2.5 grams of the powder in 300 ml of water (make sure is some good water, something with low parts per million particles or some mineral). Also before doing that crush like 500mg of vitamin C (ascorbic acid), and also add some 50 < > 200 mg of magnesium carbonate. And for kids I recommend you do combined with orange juice. Disclaimer: DO NOT BUY PESTICIDE TREATED fruit.

[NeuroticFish]

Fuck... covid got to my family.

Woah. Best of luck then, I wish it's Omicron, I wish you and your family the easy version with small or no symptoms.
I'm telling you because me and my whole family had it and we didn't feel it more like a winter cold (and I know it was COVID since we got tested).

[icopress]

Sorry to hear that. Hopefully they are vaccinated and thus the impact will be minimal. If not then hopefully the hospitals in your neighborhood are past the peak admissions from January.

Yes, but I’m not vaccinated, because until now it seemed to me that this was just a convention ...

As a heavy smoker, I have severe shortness of breath in the mornings and evenings .... so for the most part I worry that my already deplorable lung condition will get worse (although I have not yet taken a test). No matter how stupid it may sound, my subconscious will feel better if it does not know about the diagnosis and will position the current state as a common cold, (although I admit I feel inner anxiety).

[NeuroticFish]

Yes, but I’m not vaccinated, because until now it seemed to me that this was just a convention ...

As a heavy smoker, I have severe shortness of breath in the mornings and evenings .... so for the most part I worry that my already deplorable lung condition will get worse (although I have not yet taken a test). No matter how stupid it may sound, my subconscious will feel better if it does not know about the diagnosis and will position the current state as a common cold, (although I admit I feel inner anxiety).

I hope that this will help, at least with the anxiety part: most of my family is not vaccinated and the symptoms were easy.
So keep staying optimistic, drink a lot of tea/infusion, sleep as much as you can.
Our doc told us take Aspenter (gastro-resistant aspirin) once/day, 14 days (for the adults) and that was it all. But we didn't even got a fever off this, just a lot of coughing.
The difference is though that we don't smoke...

Good luck!

[OutOfMemory]

Fuck... covid got to my family.

Good thing Covid is not what it used to be... but anyway all the best to your loved ones!

All the best!!

My GF has Corona again too, for the second time (first time was Alpha, before vaccines were there, she got long covid as a result). Omicron with a couple of shots is a whole other beast luckily, this time she was pretty sick for one day (yesterday), today is already much better.

I can't remember if i pointed you to this before, but for all Long Covid sufferers, check out this:

https://www.frontiersin.org/articles/10.3389/fmed.2021.754667/full

It's in clinical trial phase at the moment, but has the potential to fully reverse ME/CFS and Long Covid.

Yes, but I’m not vaccinated, because until now it seemed to me that this was just a convention ...

As a heavy smoker, I have severe shortness of breath in the mornings and evenings .... so for the most part I worry that my already deplorable lung condition will get worse (although I have not yet taken a test). No matter how stupid it may sound, my subconscious will feel better if it does not know about the diagnosis and will position the current state as a common cold, (although I admit I feel inner anxiety).

I hope that this will help, at least with the anxiety part: most of my family is not vaccinated and the symptoms were easy.
So keep staying optimistic, drink a lot of tea/infusion, sleep as much as you can.
Our doc told us take Aspenter (gastro-resistant aspirin) once/day, 14 days (for the adults) and that was it all. But we didn't even got a fever off this, just a lot of coughing.
The difference is though that we don't smoke...

Good luck!

I still got eyeball pain and less sharp eyesight, i hope it will vanish soon, but my active infection was only a few days back.
Some things i still can't smell/taste right. Coconut oil tastes like water, my wife's breath in the morning smells like plastic. I wouldn't be too annoyed if the latter would become permanent  

EDIT: And my english seems a little worse than before, too. Edited some errors...

EDIT2: Referenced the wrong reply, corrected that too...

[ChartBuddy]

Explanation

[macson]

Fuck... covid got to my family.

sad to hear this... hope your family get recovey quickly, so all of your family can carry out activities as usual.