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

[rdbase]

Some news that hasn't hit bitcoin price yet:

https://cryptoslate.com/government-of-malaysia-proposes-bitcoin-crypto-as-legal-tender
https://www.twitter.com/CryptoSlate/status/1505900794935132163

And there is a proposal for Honduras to have bitcoin as legal tender as soon as tomorrow!
https://digitnews.in/the-president-of-honduras-may-announce-the-legalization-of-bitcoin-in-the-country-tomorrow
https://news.coincu.com/74402-honduras-will-adopt-bitcoin
They said why El Salvador are allowed to have all the fun?

Expect a huge pump up in price from $41,500 to $63,000 tomorrow when the news has been finalize.

[ChartBuddy]

Explanation

[Lucius]

Some news that hasn't hit bitcoin price yet:

https://cryptoslate.com/government-of-malaysia-proposes-bitcoin-crypto-as-legal-tender
https://www.twitter.com/CryptoSlate/status/1505900794935132163

My comment from BD gives a slightly better picture of who and what thinks in that country.

Something seems to have been lost in translation, as some use the term "legal tender" while others translate it as "legal transfer", which of course is not the same thing. If we take a closer look at who the proposal comes from (Communication Ministry), then it is enough to scratch under the surface and find out what the Minister of Finance thinks about it.

While Zahidi wants to go full speed ahead on crypto, the country's finance minister — you know, the person who would actually oversee regulations — is decidedly less bullish. Tengku Datuk Seri Zafrul Tengku Abdul Aziz said earlier this month that crypto is not a "good store of value and a medium of exchange" because of its volatility. That isn't exactly a resounding endorsement for the country turning to crypto as legal tender anytime soon, despite Zahidi's desire to assist the crypto-loving youth.

Besides, for those who don't know, Bitcoin doesn't have a good reputation in that country, because some used electricity for mining that they did not pay for.

Malaysia has recently run into problems with bitcoin mining in the country. Police in the country said bitcoin miners stole about $2 million in electricity during 2020 alone. Stealing power for bitcoin mining is already a prevalent problem in the country, where the practice is illegal.

And there is a proposal for Honduras to have bitcoin as legal tender as soon as tomorrow!
https://digitnews.in/the-president-of-honduras-may-announce-the-legalization-of-bitcoin-in-the-country-tomorrow
https://news.coincu.com/74402-honduras-will-adopt-bitcoin
They said why El Salvador are allowed to have all the fun?

Expect a huge pump up in price from $41,500 to $63,000 tomorrow when the news has been finalize.

I heard that the news could be published at the crypto conference in Miami at the earliest, but I don't mind it happening tomorrow

[goldkingcoiner]

16.391 Million people will have become coiners, if Honduras joins El Salvador in making Bitcoin legal tender. That is nothing to scoff at. Go Honduras!

[ChartBuddy]

Explanation

[Toxic2040]

the morning wall report


bitcoin subdued this morning as markets assess the geopolitical landscape, down just under 1% and trading at $40.9kish on rising volume mid session

dyor

4h


wish i had more positive news but it is what it is...bitcoin seems perfectly happy trundling along right where its at for now
D

stronghands

[becoin]

With every day Zelensky, the leader of pro-American loyalists in Kiev, is becoming more and more hysterical while addressing his masters in Washington!

[ChartBuddy]

Explanation

[Toxic2040]

https://twitter.com/gaborgurbacs/status/1505871204896448519

[President90]

"#Bitcoin is the new wonder of the world. The biggest computation ever done, a digital monument, a verifiable artifact of digital gold. The foundation of a new digital age." -@adam3us

[ChartBuddy]

Explanation

[becoin]

https://twitter.com/gaborgurbacs/status/1505871204896448519

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

[BitcoinBunny]

https://twitter.com/gaborgurbacs/status/1505871204896448519

[xhomerx10]

https://twitter.com/gaborgurbacs/status/1505871204896448519

[suchmoon]

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

The US doesn't use the imperial gallon.

[xhomerx10]

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

The US doesn't use the imperial gallon.

 Only a select few of them know that anyway.

[Hueristic]

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

The US doesn't use the imperial gallon.

How many Stone is that?

[vapourminer]

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

The US doesn't use the imperial gallon.

How many Stone is that?

two lids worth i think

[Farmer Bill]

Lol, a pension in Ukraine is $150 a month.
Ukraine politician wifes (Avakov ally) got caught transporting $30 million to Hungary
https://www.pravda.com.ua/rus/news/2022/03/20/7333111/
Rats trying to flee as the place goes down the tube.
(Avakov born in Baku, Azerbaijan, Ukraine citizen and one of the richest person in Ukraine resigned on 15 July 2021 as the all-powerful former interior minister)

There are corrupt and rich people in every country including Russia, the photo is for illustration only and is not the actual cash,
which depicts about $11.5 mil. next to a box of Kinder chocolate. She was forced to declare the cash and having filled out the paperwork continued her journey.

Not so lucky are the other 2.5 million Ukrainians who have fled full scale war and Russian invasion with nothing much more than what they are wearing and their child's favorite toy.

While we at WO can take our substantial stash through any border with just our memorized 24 word seed phrase with no fear of detection.
It escapes me why wealthy individuals do not hold at least some Bitcoin.
 

[ChartBuddy]

Explanation