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

[JayJuanGee]

Saudi Arabia considers accepting Yuan instead of dollars for Chinese oil sales

Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said.

They are idiots. They should price their oil in crypto. Any fiat is pointless.    

The only idiot is uie poo-ie.

Imagine:

Saudi - seller - "We are going to price this oil in "crypto."

Oil buyer - "what the fuck is that?"  

Bitcoin and Models
I have created 3 models using Power Law and DPC Model whose data was provided to me by @DeFi_initiate.

This below chart contains the prediction of all these models (2021-2026):
1. Power Law
2. DPC Model
3. AVGPD - Average of Power Law and DPC Model
4. AVGD2 - Average of DPC Model and AVGPD
5. AVGALL - Average of Power Law, DPC Model, AVGPD and AVGD2.

Lowest BTC Price by All these Models for 2022-2026:
Power Law: $35,099
DPC: $18,334
AVGPD: $33,123
AVGD2: $25,944
AVGALL: $31,382

Highest BTC Price by All these Models for 2022-2026:
Power Law: $217,776
DPC: $389,245
AVGPD: $267,594
AVGD2: $328,420
AVGALL: $282,801

That's nice. It looks like there will be a great opportunity to BTFD on 01/01/2023. Got to make sure I load Kraken with a good amount of funny money (a.k.a. fiat) before then.

Looks to me like the listed models (which are two rather than three and than figuring out if there is better data by averaging the averages of the models) are retarded, and you are retarded too, AlcoHoDL .. to follow such consensus forming "down before up" nonsense models... or the rendition of such models by someone who seems to be filled with persistent and ongoing DOWNity hopenium and to have few clues about other variations of models that actually exist in bitcoinlandia.... #nohomo

 









I appreciate that you AlcoHoDL were likely toying with such retarded "enlightened-lackening" wishenings, rather than really taking such nonsense seriously...

[1713491491]

1713491491

[savetherainforest]

Saudi Arabia considers accepting Yuan instead of dollars for Chinese oil sales

Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said.

They are idiots. They should price their oil in crypto. Any fiat is pointless.    

The only idiot is uie poo-ie.

Imagine:

Saudi - seller - "We are going to price this oil in "crypto."

Oil buyer - "what the fuck is that?"  

^ This won't age well.   

[ChartBuddy]

Explanation

[Hueristic]

Sad.

Much as we like screen captures (which are OK), we like links a lot more.

I'd like to know exactly how they "seized" the bitcoin. Trudeau set up a successful 51% attack? Not likely. Perhaps replies explain this, perhaps not. Without a link, we will not know.

My guess is  the retards used an exchange address.

[ChartBuddy]

Explanation

[gallianooo]

Bitcoin and Models
I have created 3 models using Power Law and DPC Model whose data was provided to me by @DeFi_initiate.

This below chart contains the prediction of all these models (2021-2026):
1. Power Law
2. DPC Model
3. AVGPD - Average of Power Law and DPC Model
4. AVGD2 - Average of DPC Model and AVGPD
5. AVGALL - Average of Power Law, DPC Model, AVGPD and AVGD2.

Lowest BTC Price by All these Models for 2022-2026:
Power Law: $35,099
DPC: $18,334
AVGPD: $33,123
AVGD2: $25,944
AVGALL: $31,382

Highest BTC Price by All these Models for 2022-2026:
Power Law: $217,776
DPC: $389,245
AVGPD: $267,594
AVGD2: $328,420
AVGALL: $282,801

These models seem like bullshit for me. If we really got the TOP in November 2021 for this 4years cycle (so only X3.5 of the 2017 ATH), why we should make more (X5 X6) as written in your models on the next one?

Look like just another casino game prediction.

[Biodom]

Bitcoin and Models
I have created 3 models using Power Law and DPC Model whose data was provided to me by @DeFi_initiate.

This below chart contains the prediction of all these models (2021-2026):
1. Power Law
2. DPC Model
3. AVGPD - Average of Power Law and DPC Model
4. AVGD2 - Average of DPC Model and AVGPD
5. AVGALL - Average of Power Law, DPC Model, AVGPD and AVGD2.

Lowest BTC Price by All these Models for 2022-2026:
Power Law: $35,099
DPC: $18,334
AVGPD: $33,123
AVGD2: $25,944
AVGALL: $31,382

Highest BTC Price by All these Models for 2022-2026:
Power Law: $217,776
DPC: $389,245
AVGPD: $267,594
AVGD2: $328,420
AVGALL: $282,801

These models seem like bullshit for me. If we really got the TOP in November 2021 for this 4years cycle (so only X3.5 of the 2017 ATH), why we should make more (X5 X6) as written in your models on the next one?

Look like just another casino game prediction.

Not necessarily. If 69K is/was THE top, it is still more than 20X from the bottom (X22.25 for accuracy).
Therefore, if the bottom was (or would be in case of a double bottom) 29K (roughly), then even a half of prior rise (from the bottom) is 11.1X or $321K

TL;DR It's possible if you count from the bottom, not from the top.

[ChartBuddy]

Explanation

[gallianooo]

Bitcoin and Models
I have created 3 models using Power Law and DPC Model whose data was provided to me by @DeFi_initiate.

This below chart contains the prediction of all these models (2021-2026):
1. Power Law
2. DPC Model
3. AVGPD - Average of Power Law and DPC Model
4. AVGD2 - Average of DPC Model and AVGPD
5. AVGALL - Average of Power Law, DPC Model, AVGPD and AVGD2.

Lowest BTC Price by All these Models for 2022-2026:
Power Law: $35,099
DPC: $18,334
AVGPD: $33,123
AVGD2: $25,944
AVGALL: $31,382

Highest BTC Price by All these Models for 2022-2026:
Power Law: $217,776
DPC: $389,245
AVGPD: $267,594
AVGD2: $328,420
AVGALL: $282,801

These models seem like bullshit for me. If we really got the TOP in November 2021 for this 4years cycle (so only X3.5 of the 2017 ATH), why we should make more (X5 X6) as written in your models on the next one?

Look like just another casino game prediction.

Not necessarily. If 69K is/was THE top, it is still more than 20X from the bottom (X22.25 for accuracy).
Therefore, if the bottom was (or would be in case of a double bottom) 29K (roughly), then even a half of prior rise (from the bottom) is 11.1X or $321K

TL;DR It's possible if you count from the bottom, not from the top.

Got it, but from my opinion not relevant. Seems logical to dip less (prorata) if we don't top so high (only x3.5 2017 -> 2021). Can be a possibility to have less volatility (not going to -80/-85% dip from the top), but at the same time no x10 / x20 from previous ATH to the new one. Big range. Boring. Less Blood. Less Lambo.

[d_eddie]

Sad.

Much as we like screen captures (which are OK), we like links a lot more.

I'd like to know exactly how they "seized" the bitcoin. Trudeau set up a successful 51% attack? Not likely. Perhaps replies explain this, perhaps not. Without a link, we will not know.

My guess is  the retards used an exchange address.

I was hoping for an answer from the OP himself, possibly after he'd done some research on twitter ;-)
Unfortunately, said individual was busy concocting multiple price models for us.

But yes, I agree that's the most likely explanation.

I can imagine the treasurer trucker searching "crypto" while dreaming of magical internet money donations or something like that, and falling into the hands of the first exchange to be listed by google.

[Toxic2040]

the evening wall report


A mostly sideways day as bitcoin slips another point today, rallying back late in the session to close at $39,260.70   Still trading within a range on moderate volume.

steady on and see how the market reacts tomorrow        tho i dont give a rats ass what is said really...still cant have my coins  




nothing to see here     long flats of span B with price shadowing span A
dyor
4h


butting up against that 40k resistance as this daily twist starts...something will give soon im thinking
D

stronghands

[DaRude]

Sad.

Much as we like screen captures (which are OK), we like links a lot more.

I'd like to know exactly how they "seized" the bitcoin. Trudeau set up a successful 51% attack? Not likely. Perhaps replies explain this, perhaps not. Without a link, we will not know.

My guess is  the retards used an exchange address.

I was hoping for an answer from the OP himself, possibly after he'd done some research on twitter ;-)
Unfortunately, said individual was busy concocting multiple price models for us.

But yes, I agree that's the most likely explanation.

I can imagine the treasurer trucker searching "crypto" while dreaming of magical internet money donations or something like that, and falling into the hands of the first exchange to be listed by google.

Although 14.6 bitcoin, which was worth around $630,000 then, were distributed to the truckers by then, the police came to NobodyCaribou’s home on Feb. 28 and took 0.28 bitcoin (worth about $15,000), stored in a wallet NobodyCaribou co-controlled with Tamara Lich and Chris Barber, members of a trucker-affiliated nonprofit who were previously arrested. According to court documents, NobodyCaribou claimed he was about to transfer the funds to an escrow agent when police compelled him to surrender his wallet under a search warrant.

The seizure of a censorship-resistant digital asset might sound odd at first, but all it’s referring to is a string of 12 words known as a seed phrase. If not held on a centralized crypto exchange like Coinbase, Bitcoin is self-custodial by design, which means one can only access their bitcoin if they type those 12 words in an exact order. According to NobodyCaribou, police compelled him to reveal his seed phrase.
...
“I wanted to give the bitcoin to truckers. A court order was issued for the bitcoin that had not yet been distributed, so regardless of what I ‘want,’ I’m not going to break the law and get arrested,” NobodyCaribou told Motherboard. “The basis for the claim on those funds is to be determined by courts. Until then, they are safely held in escrow.”

https://www.vice.com/en/article/jgmnpd/the-freedom-convoy-bitcoin-donations-have-been-frozen-and-seized

Looks like someone acting as an escrow got a visit from your friendly police

[Hueristic]

Sad.

Much as we like screen captures (which are OK), we like links a lot more.

I'd like to know exactly how they "seized" the bitcoin. Trudeau set up a successful 51% attack? Not likely. Perhaps replies explain this, perhaps not. Without a link, we will not know.

My guess is  the retards used an exchange address.

I was hoping for an answer from the OP himself, possibly after he'd done some research on twitter ;-)
Unfortunately, said individual was busy concocting multiple price models for us.

But yes, I agree that's the most likely explanation.

I can imagine the treasurer trucker searching "crypto" while dreaming of magical internet money donations or something like that, and falling into the hands of the first exchange to be listed by google.

Although 14.6 bitcoin, which was worth around $630,000 then, were distributed to the truckers by then, the police came to NobodyCaribou’s home on Feb. 28 and took 0.28 bitcoin (worth about $15,000), stored in a wallet NobodyCaribou co-controlled with Tamara Lich and Chris Barber, members of a trucker-affiliated nonprofit who were previously arrested. According to court documents, NobodyCaribou claimed he was about to transfer the funds to an escrow agent when police compelled him to surrender his wallet under a search warrant.

The seizure of a censorship-resistant digital asset might sound odd at first, but all it’s referring to is a string of 12 words known as a seed phrase. If not held on a centralized crypto exchange like Coinbase, Bitcoin is self-custodial by design, which means one can only access their bitcoin if they type those 12 words in an exact order. According to NobodyCaribou, police compelled him to reveal his seed phrase.
...
“I wanted to give the bitcoin to truckers. A court order was issued for the bitcoin that had not yet been distributed, so regardless of what I ‘want,’ I’m not going to break the law and get arrested,” NobodyCaribou told Motherboard. “The basis for the claim on those funds is to be determined by courts. Until then, they are safely held in escrow.”

https://www.vice.com/en/article/jgmnpd/the-freedom-convoy-bitcoin-donations-have-been-frozen-and-seized

Looks like someone acting as an escrow got a visit from your friendly police

Guys obviously a moron just by looking at the fees they paid on the wallets so no surprise he didn't take any precautions and rolled over.

[ChartBuddy]

Explanation

[suchmoon]

Did China unban Bitcoin?

[proudhon]

Did China unban Bitcoin?

No. Just market noise according to my models. It's cliche to say that there's nothing to see here, but sometimes a cliche is appropriate.

[Copetech]

Did China unban Bitcoin?

No. Just market noise according to my models. It's cliche to say that there's nothing to see here, but sometimes a cliche is appropriate.

OMG! Bullish!

[suchmoon]

No. Just market noise according to my models. It's cliche to say that there's nothing to see here, but sometimes a cliche is appropriate.

Perfect, that's exactly the type of sciences and maths we need in this situation. Thank you for your service.

[ChartBuddy]

Explanation

[JayJuanGee]

Sad.

Much as we like screen captures (which are OK), we like links a lot more.

I'd like to know exactly how they "seized" the bitcoin. Trudeau set up a successful 51% attack? Not likely. Perhaps replies explain this, perhaps not. Without a link, we will not know.

My guess is  the retards used an exchange address.

I was hoping for an answer from the OP himself, possibly after he'd done some research on twitter ;-)
Unfortunately, said individual was busy concocting multiple price models for us.

But yes, I agree that's the most likely explanation.

I can imagine the treasurer trucker searching "crypto" while dreaming of magical internet money donations or something like that, and falling into the hands of the first exchange to be listed by google.

Not that we can really accept that ImThour is attempting to grapple with bitcoin related matters in any kind of fair, reasonable or even factually representative way... so he is not exactly helping his credibility with this vague nonsense, and of course, mistakes were made in the some of the Canadian usages of bitcoins in the trucker matter.. including that exchanges end up having to serve some of governmental wishes and demands.. and just get caught up in places that they likely do not want to be.

Surely, there are several ways to figure out ways to get the value from people donating to truckers, and hoping to preserve privacy while achieving the mission to transfer value when the powers that be want to interfere with those kinds of capabilities including interfering with rights that people have to speak and to associate with each other and to protest the government for the redress of grievances.  Yes, there are differences of opinions about those rights and about whether some people might have ended up losing value without due process and is that fair to them?

I am not saying that I know the answers.. but when some of the bitcoin addresses have been identified as being problematic addresses and blacklisted then there can be additional obstacles towards finding people to accept transactions from the addresses - especially exchanges are going to have responsibilities if the government has sufficiently notified the exchanges regarding various addresses that they have deemed to be problematic.. fair? hard to know without knowing all of the facts...

I am thinking that sometimes maybe even truckers might get scared to receive value from potentially known addresses.. and maybe sometimes we might be back to physical cash in our transactions.. and leaving some of the dealing with flagged addresses up to experts.. who wants to try to move bitcoin from flagged addresses?  There might be some folks who might be willing to "deal with" those matters.. ..

It may also be the case that physical cash can serve short-term decent ways to distribute value that had been in the flagged bitcoin addresses.. even though part of the objective to transact in bitcoin might have been to teach some of the truckers or the various activists about using bitcoin too, but if the addresses have been flagged, then the truckers are going to end up getting scared to deal with bitcoin.. but if the truckers/protesters were being reimbursed for some of their protest-related expenses and wanting to stay anonymous. .then cash might also serve some purposes to supplement the reaching the distribution goals and allowing the use of a value vehicle that is recognized and can be used (pretty damned liquid, I mean).