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

[Paashaas]

Just watching this awesome comedy show (think it's called 'EU Versailles summit press conference' or sth). Honorable Secretary 'Zensursula, Flinten Uschi' van der Leyen:

We will phase out the use of Russian oil, gas and coal ...
<rethoric silence>

First it was; Europe needs to be more independent from Russian energy, they need to do something about it. Now they are talking to eachother to excelerate the process and it is suddenly a ''comedy show''

Do you really think the energy transition will be completed in just a few months with so many countries? Stay realistic, 5 years is fast.

Russia can accelerate that, don't worry.
China will happily buy their excess gas and oil, at a lower price.
Zensursula will be shocked... (hostile actions towards our economy... blah...)

They can buy but there is no infrastructure for it.

[ChartBuddy]

Explanation

[BitcoinBunny]

Boris, WTF?!  

https://blockworks.co/bitcoin-atms-illegal-in-the-uk-regulator-says/

You simply can't use these machines without approval from our corrupt financial authority.

It will be interesting to see how BTC will perform, BTC ATMs or not, in the upcoming (UK) financial crash which I think will be happening pretty soon.

You can't just have inflation in the (near) double digit range, double energy costs, increase national insurance tax, take in 100,000+ Ukrainian refugees without consequences.

[BitcoinBunny]

Just watching this awesome comedy show (think it's called 'EU Versailles summit press conference' or sth). Honorable Secretary 'Zensursula, Flinten Uschi' van der Leyen:

We will phase out the use of Russian oil, gas and coal ...
<rethoric silence>

First it was; Europe needs to be more independent from Russian energy, they need to do something about it. Now they are talking to eachother to excelerate the process and it is suddenly a ''comedy show''

Do you really think the energy transition will be completed in just a few months with so many countries? Stay realistic, 5 years is fast.

Russia can accelerate that, don't worry.
China will happily buy their excess gas and oil, at a lower price.
Zensursula will be shocked... (hostile actions towards our economy... blah...)

They can buy but there is no infrastructure for it.

https://oilprice.com/Latest-Energy-News/World-News/Russia-To-Supply-More-Gas-To-China-Via-New-Pipeline.html

[moneystery]

Boris, WTF?! 

https://blockworks.co/bitcoin-atms-illegal-in-the-uk-regulator-says/

because boris wants to circulate britcoin shit cbdc atm.

[BitcoinBunny]

Boris, WTF?!  

https://blockworks.co/bitcoin-atms-illegal-in-the-uk-regulator-says/

because boris wants to circulate britcoin shit cbdc atm.

I don't see how anyone would now trust a government issued trackable cryptocurrency (not that I personally ever would have) after seizing assets from people from one particular country.
Why would any foreigner buy this third party trackable crap if even fiat can be controlled so easily?

All roads lead to BTC I still think. No government, no politics, no "necessary" inflation. End of.

[Biodom]

I am coming to realization that money has no real value. It's pretty shocking, actually.
Whether this includes bitcoin, it is still an open question, but better than the rest, of course.
I can use money in my pocket right now of course, but what about a situation when some goods are absent as it started happening (mostly outside of US for now)?
I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Does property have value? Maybe, unless you are not the 'right' person at the time. If you are not, people might not respect your property rights.
So, chalk off property as well. It has been a nice 77 years of stability in that respect, not anymore.

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

[ChartBuddy]

Explanation

[marcus_of_augustus]

https://www.reuters.com/business/exclusive-russians-liquidating-crypto-uae-seek-safe-havens-2022-03-11/

"We have one guy – I don't know who he is, but he came through a broker – and they're like, 'we want to sell 125,000 bitcoin'. And I'm like, 'what? That's $6 billion guys'. And they're like, 'yeah, we're going to send it to a company in Australia'," the executive said.

.... Feds dumping seized bitfinex coins to keep lid on the btc market?

... 125k btc wasn't it?

[marcus_of_augustus]

I am coming to realization that money has no real value. It's pretty shocking, actually.
Whether this includes bitcoin, it is still an open question, but better than the rest, of course.
I can use money in my pocket right now of course, but what about a situation when some goods are absent as it started happening (mostly outside of US for now)?
I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Does property have value? Maybe, unless you are not the 'right' person at the time. If you are not, people might not respect your property rights.
So, chalk off property as well. It has been a nice 77 years of stability in that respect, not anymore.

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

... sounds to me like you likely don't have much of a grounding in understanding what "value" is, in the classical economic definition sense, not man on the street fuzzy, opaque hurr derr muh gold has intrinsic value

... study subjective theory of value of Menger and the regression theorem of money of von Mises for where money derives its value

... these should get you started
 https://en.m.wikipedia.org/wiki/Subjective_theory_of_value
https://en.m.wikipedia.org/wiki/Regression_theorem

.... this stuff was bread and butter for btc OGs back in 2010-11, I don't know why it got left behind so quickly, probably all the shitcoinery, blockwars and hur-durr bs from mainstreaming lowering IQ of the arguments to suit the new audience??

[savetherainforest]

Those 94K will not be stared at. If returned.. then they will be sold, mostly, most of them.

Congrats.  That is the dumbest thing I have heard you say so far.

ahhahah!.. I am sure it will be held as evidence for a significant period of time...

BAHAHAHAHAHA!!


"Take that Boris!!"    

*edit(): .. stfu Save The Forest..,,. YOUR PREDICTION WAS WRONG !!! THEY ARE SELLING 125K not 94K !! SO YOU ARE WRONG!!

[marcus_of_augustus]

... to derive value in the market, a phenomenon known as "shared subjectivity" which blurs the line between subjectivity and objectivity arises, whereby money derives a "shared subjective value" price from market participants who come to pricing agreements in trading based on the performance of various functions and intrinsic properties of the monetary good

.... these functions and properties that are usually ascribed to monetary goods that perform well in the shared subjective value stakes of monetary markets are well-known and described by over a century by classical monetary economists

According to Desjardins,[28] "many economists and experts in the field agree" that the functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, he states that money must be:[28]

    Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
    Durable: able to withstand repeated use.
    Divisibile: divisible to small units.
    Portable: easily carried and transported.
    Acceptable: everyone must accept the money as payment
    Uniform: all units of the same denomination have the same value
    Limited in supply: its supply in circulation must be limited.[28]

https://en.m.wikipedia.org/wiki/Money

... none of this is controversial, learn what money is, how it works and you will be good with money, like any other complex tool that aids in your survival. You shouldn't drive a car or shoot a firearm without learning how it works.

[OutOfMemory]

Just watching this awesome comedy show (think it's called 'EU Versailles summit press conference' or sth). Honorable Secretary 'Zensursula, Flinten Uschi' van der Leyen:

We will phase out the use of Russian oil, gas and coal ...
<rethoric silence>

First it was; Europe needs to be more independent from Russian energy, they need to do something about it. Now they are talking to eachother to excelerate the process and it is suddenly a ''comedy show''

Do you really think the energy transition will be completed in just a few months with so many countries? Stay realistic, 5 years is fast.

Russia can accelerate that, don't worry.
China will happily buy their excess gas and oil, at a lower price.
Zensursula will be shocked... (hostile actions towards our economy... blah...)

They can buy but there is no infrastructure for it.

Pass it to Europe, for a little fee?

See, we don't need russian gasoil, China delivers instead!  
Zensula: Take that, Vladimir!  

[ChartBuddy]

Explanation

[BobLawblaw]

I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Corollary: The fact it's been - relatively speaking - a fucking crab for the last year or so, while the SHTF, is pretty Goddamn spectacular.

[Richy_T]

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

All value is subjective.

[Toxic2040]

[danadc]

This is something helpful, the wonder of the deflationary economy.

A greeting to all the hodlers !!!!



Source: https://twitter.com/DylanLeClair_/status/1502403965417398273

And that follow the accumulation, the next ATH will be more exciting ...!

[ChartBuddy]

Explanation

[Arriemoller]

Does anyone here have any experiance with E3 spark plugs on older vehicles, like 70, 80, 90s vehicles?

People with older cars seem to speak highly of them, whereas newer cars and turbo cars don't seem to get anything extra out of them.
They also seem to work very well on small engines, like lawn mowers. Thinking of ordering for my old Volvo, but wondering if anybody here have used them and can comment.

https://e3sparkplugs.com/

A test. https://www.youtube.com/watch?v=jcVF3xL_fzk&ab_channel=ProjectFarm