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

[d_eddie]

Interesting article on the possible effects the sanctions against Russia have had on the BTC price:

https://uk.yahoo.com/finance/news/bitcoin-crypto-cryptocurrency-proves-sanction-breaker-for-russia-122514733.html

“Being able to transact value in bitcoin also helps Russian oligarchs go around the western sanctions. It may also help Russian companies and even the Russian central bank to move funds as these entities can no longer access US dollars, and most of the Russian banks are no longer part of the SWIFT system.”

It remains to be seen how much corn the Russian Central Banks actually holds. What they don't hold, they've got to buy. With their external assets locked, they must pay mostly in rubles or gold. Bullish either way ("gold would be better" says the corn seller, and so do we).

Also talks about how pressure is mounting on exchanges to block transactions in Russia:

Cryptocurrency exchanges such as Coinbase (COIN) and Binance are now facing pressure to block transactions with Russia.

Mykhailo Fedorov, Ukraine’s vice-prime minister, on Sunday called on “all major crypto exchanges to block addresses of Russian users”, saying it is “crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users”.

However, the chief executive and founder of Binance said it was not the place for cryptocurrency exchanges to block transactions.

“To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists,” Changpeng Zhao said.

I tend to agree more with Zhao on this one.
But then my home and surrounding town aren't the ones getting bombed.

You're right about the (fortunate lack of) bombs in your backyard, but if exchanges start to lock people out unilaterally because "bad criminal", that would seriously undermine bitcoin. I hope the general attitude of exchanges turns into NOT locking anyone out, even under government duress. Yeah, yeah, dream on, but I think my point is clear.

[1715192653]

1715192653

[Toxic2040]

Gimbling Raptors..anyone else see the golden spiral start to form?  The outer ring does not gimble, look at the center engine and as it moves from one side to the other...the direction of the spiral changes.  Remember these things are bigger than a couple people.   3.1m x 1.3m    I cant even really imagine 27 of em lighting off at once.

cant wait





oh yeah...was thinking about this because Russia has a sat launch this weekend   i know the world has to go on but it seems hasty launching weather sats right now

[serveria.com]

Interesting article on the possible effects the sanctions against Russia have had on the BTC price:

https://uk.yahoo.com/finance/news/bitcoin-crypto-cryptocurrency-proves-sanction-breaker-for-russia-122514733.html


Also talks about how pressure is mounting on exchanges to block transactions in Russia:

Cryptocurrency exchanges such as Coinbase (COIN) and Binance are now facing pressure to block transactions with Russia.

Mykhailo Fedorov, Ukraine’s vice-prime minister, on Sunday called on “all major crypto exchanges to block addresses of Russian users”, saying it is “crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users”.

However, the chief executive and founder of Binance said it was not the place for cryptocurrency exchanges to block transactions.

“To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists,” Changpeng Zhao said.

I tend to agree more with Zhao on this one.
But then my home and surrounding town aren't the ones getting bombed.

Not your keys not your coins. Same old truth. 

[BitcoinBunny]

Interesting article on the possible effects the sanctions against Russia have had on the BTC price:

https://uk.yahoo.com/finance/news/bitcoin-crypto-cryptocurrency-proves-sanction-breaker-for-russia-122514733.html

“Being able to transact value in bitcoin also helps Russian oligarchs go around the western sanctions. It may also help Russian companies and even the Russian central bank to move funds as these entities can no longer access US dollars, and most of the Russian banks are no longer part of the SWIFT system.”

It remains to be seen how much corn the Russian Central Banks actually holds. What they don't hold, they've got to buy. With their external assets locked, they must pay mostly in rubles or gold. Bullish either way ("gold would be better" says the corn seller, and so do we).

Also talks about how pressure is mounting on exchanges to block transactions in Russia:

Cryptocurrency exchanges such as Coinbase (COIN) and Binance are now facing pressure to block transactions with Russia.

Mykhailo Fedorov, Ukraine’s vice-prime minister, on Sunday called on “all major crypto exchanges to block addresses of Russian users”, saying it is “crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users”.

However, the chief executive and founder of Binance said it was not the place for cryptocurrency exchanges to block transactions.

“To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists,” Changpeng Zhao said.

I tend to agree more with Zhao on this one.
But then my home and surrounding town aren't the ones getting bombed.

You're right about the (fortunate lack of) bombs in your backyard, but if exchanges start to lock people out unilaterally because "bad criminal", that would seriously undermine bitcoin. I hope the general attitude of exchanges turns into NOT locking anyone out, even under government duress. Yeah, yeah, dream on, but I think my point is clear.

True, this excuse could set a precedent for shutting off exchange access for any reason in the future including lame excuses such as "well inflation is too high so you can't use BTC at the moment. Don't worry your BTC is safe at the moment" (sure!). Wouldn't surprise me.

[JayJuanGee]

There are more Nazis attending a regular football match in Russia than exist in Ukraine.

+1 WoSMerit

Ukrainians and Russians - I mean the people - are similar to the point of being more or less the same.
Much more so than, say, Germany vs Sweden or Italy vs France.
This stupid thing is entirely political.
The Ukrainians, when offered the choice, lean towards the EU more than towards Great Mother Russia.
My bet is the Russians, if given a choice, would do the same.
That's what hurts the Russian Powers That Be the most.

A short offtopic about this crazy internet money. It's called bitcoin. Have you ever heard of it? It's getting more and more popular, so I guess some of you might have heard it mentioned already. If not, check it out because it's cool. The offtopic is: It seems like the oligarch(s) buying spot like clueless noobs and pushing the number up have calmed down a little. Exited the country already maybe?

Let's say some of the oligarchs in Russia, Ukraine, Canada or any other places that have been extremely (and surprisingly) disrupted are finding out that they are having trouble accessing and moving their money, and they are figuring out that bitcoin could serve as a decent storage and transportation mechanism for them.  

Under such a scenario, it is likely going to take a decent amount of time for them to figure this out, even if they might have a cadre of financial persons that they can trust to set up such bitcoin wallets for them. .and if their current situation is a surprise, their entrance into bitcoin may well have some panic element as well..

How much value does it take to be classified as an oligarch?  Entry-level oligarch could be in the ballpark of $100 million, no?  And higher level oligarchs may have several billion, maybe even exceeding $10 Billion?  

Then questions might be regarding how much of the wealth of such oligarch is liquid (how liquid?)? how much is accessable? Surely some of the wealth is hidden, even non-oligarchs do that, no? (not speaking from personal experience, here)

If one of us were an oligarch, how much would we panic under current circumstances?  What kinds of circumstances would cause us (as oligarch) to panic?  how much premium would we be willing to pay to cause our lil selfies to feel less like having any need to panic?  

Does bitcoin fit anywhere into the making more secure picture, here?  Would we even need to be an oligarch under current distress to get some feelings of possible panic from what kinds of central bank/government actions we have been witnessing recently? 

What if we may well have been an oligarch who had never heard about bitcoin because we lived in a kind of bubble, or we had previously thought that bitcoin was a ridiculous way to hold or transport value, might some of the recent circumstances/events in the world have caused us an introduction to bitcoin from a different perspective?  or would we rather go with doge coin, ethereum, some kind of a DEFI vehicle? or perhaps some NFTs?  hahahahahaha.. just kidding regarding my reference to shitcoins.. ... nobody is really going to seriously consider the various shitcoins/projects for any kind of long-term wealth preservation solution, even though maybe in the short-term some of the various "crypto" (non-bitcoin) crapola might serve as temporary transitional/storage vehicles, no?  When panicking there might not be enough time to clearly think through what are the best ways forward, no?

[bitcoinPsycho]

great little blurb by Natalie Brunell on FoxNews

+1 WOsMerit      this is the way

https://twitter.com/natbrunell/status/1498768351341940736

Now that's a REAL woman

[OutOfMemory]

Bears don't like to go over $44k? 

[Toxic2040]

besides the invasion and bombardment of a sovereign state this is what we must stand up against folks   if you feel divided as whether or not this is acceptable behavior...may God have mercy on your soul

https://www.npr.org/2022/03/02/1083911717/russian-police-jail-kids-who-took-flowers-and-no-to-war-signs-to-ukraines-embass

[jojo69]

https://liveuamap.com/

[Paashaas]

Putin wants to install Yanukovych head of a puppet government in Ukraine, who was overthrown twice before..

There's an English saying, 3rd time's the charm, cuz like losing twice just isn't good enough.

[ChartBuddy]

Explanation

[JayJuanGee]

Bears don't like to go over $44k? 

Straight up is not too common of a phenomena in bitcoinlandia, even during times of potential panic.

 

 

[Paashaas]

https://twitter.com/JoePompliano/status/1499092815569109004

[Paashaas]

[Tash]

Whatever scam artist put that together, tell him to get at least basics right, neutral countries Switzerland, Austira, Sweden to vote in favour of war aggression. Maybe they have covid?

[OutOfMemory]

Whatever scam artist put that together, tell him to get at least basics right, neutral countries Switzerland, Austira, Sweden to vote in favour of war aggression. Maybe they have covid?

Austria is not neutral in political regards, only in terms of military support.
They support the sanctions, but they must not send arms or military equipment to countries of war or join the NATO.

[ChartBuddy]

Explanation

[Paashaas]

Whatever scam artist put that together, tell him to get at least basics right, neutral countries Switzerland, Austira, Sweden to vote in favour of war aggression. Maybe they have covid?

This is the United Nations General Assembly voting, last time this happend was in 1982.

Switzerland and Monaco are also joining taking sanctions freezen Russian assets.

[Hueristic]

https://www.pomerium.com/blog/white-house-zt-memo/




I and others argued for this in the 90's and that fell on deaf ears.

Even worse many of us were attacked for pointing out those failures.

They have reaped what they sowed.

They are finally waking up to their previous incompetence.

Of course those that blocked these measures do to thinking they could use the flawed model for control will never pay a price for it.

[savetherainforest]

.....

Oh gawd .... save my computer from the spit-up...
When Bawb tells you to get some help, you know you got issues.
 

Hey, don't be that doing multi emoji thing, like that weird uncle strf character.
Else the wo bro community may start thinking you are a nutter too...

I'm contagious.      

.....

Oh gawd .... save my computer from the spit-up...
When Bawb tells you to get some help, you know you got issues.
 

Hey, don't be that doing multi emoji thing, like that weird uncle strf character.
Else the wo bro community may start thinking you are a nutter too...

ah ha!!!!

I had not realized that Save the RF was an uncle.. and surely no one can reach his level of nutso-confusion whether referring to the combination of his emojis, font emphasis, juxtaposition of weird streams of unrelated thoughts (if they could be labelled as such?), etc.

Don't worry..! You can't unlock my enigma or decipher me very soon. You need to get old AF!.. then bored, to achieve my status of giving no f^cks and contemplating about eternity & sh!t.

I've been trying to understand how to genetically modify flowers / plants and apply the mandelbrot fractals to be in the same synchronicity with the genetic code.  

https://www.youtube.com/watch?v=6ZrO90AI0c8