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

[empowering]

I mean, sure further down the line maybe "bitcoin fixes this" , but right now, would we want 30 odd million land registry records (just for England and wales, imagine globally) stored on the BTC chain ? and given the amendments/requests/new records that would be required, would it be economically feasible, given the idea is to reduce costs........perhaps or perhaps one day it would? , I would not be against it at all... longest oldest chain etc.. but perhaps that would just be a waste.

Interestingly enough, I see that Bitfury, have already rolled out a system which is in use today in conjunction with the gubermint of Georgia which does use BTC in a fashion for real estate registry. (It uses a private permissioned blockchain to collect all the data and execute the tx, and then publishes it to the Bitcoin blockchain for public verification)

So far has 300,000 properties supposedly recorded in this fashion.

"NAPR (which is charged with land registry in Georgia)  was able to provide Georgian citizens with digital certificates of their assets supported with a cryptographic proof (known as a hash). This hash was published to the Bitcoin Blockchain. This enabled the owner of the document to prove their legitimate ownership of the property by showing their timestamp. No one can alter the timestamp on the Bitcoin Blockchain, including NAPR.

Integrating this layer meant that information about a property title could not be altered, and that any attempted tampering would be equivalent to tampering with the Bitcoin Blockchain (making it publicly visible to everyone on the Bitcoin network)"

https://napr-gov-ge.translate.goog/udzravi?_x_tr_sl=ka&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

https://naprweb-reestri-gov-ge.translate.goog/?_x_tr_sl=ka&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc#/blockchain


--------------------------


On another note, I decided last year that I would really like to travel to the country of Georgia, and spend some time there, given the 1 year visa free entry, and the interesting cultural melting pot that Georgia is, cheap prices of rent/food/wine etc, and the quality of awesome food and wine, and stunning scenery..... and to explore the rather interesting taxation situation especially for expats and especially for Crypto related business activities  


..... not sure if its rational or not, but the current situation in Ukraine has put me off/ made me postpone, does look great though.  

Apparently the rents in Tbilisi have recently tripled for available properties due to an influx of 40,000+ Russians... though I do wonder if the rents have gone up ...just for the russians, as some of the houses I saw , are the same price now as they were pre the Russia/Ukraine situation.

[danadc]

I do not know how much impact the Easter could bring, as there are analysts that say the price can lower more than $ 40k, this according to this article:

Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term

As the holiday season began, the pair experienced little movement, as US equity markets were closed for the Lenten week, allowing crypto to avoid correlation-based volatility.

The price consolidation follows a week of bearish pressure that pushed the world’s most valuable cryptocurrency towards critical support levels

Source: https://www.newsbtc.com/crypto/bitcoin-clings-to-40000/

Of course, there is a similar analysis by cointelegraph:

"Below bias is for re-distribution and another leg down. Think buyers need to step in pretty quickly."

Analyzing market movements, Kevin Svenson, well known on social media for his bullish sentiment on BTC, warned that current chart behavior was mimicking the period just before Bitcoin's bear market crash in late 2018.

Source: https://cointelegraph.com/news/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders

I do not know how good is a comparison at this time with respect to 2018, but the circumstances in 2018 if they were very different from now.

For me the scenario is totally different, I would not know what I could pass, but if most believe it will go down, I am more to believe that the opposite will happen.

[cAPSLOCK]

After 3 vaccines (last one in December) I've finally lost my super powers and court covid . Don't want any sympathy as its just sore throat and runny nose. This is nothing compared with the Australian flu that nearly killed me 4 years ago

Hopefully it is not too bad for you, as it was not for me.  The vaccines were a failure for sure, in my opinion. Whole thing was about a week for me with the middle 3 days being the only really bad ones.  I think the most important bits are to stay hydrated, and don't exert yourself much... You'll probably be tired.

[ChartBuddy]

Explanation

[Toxic2040]

Good morning and Happy Easter all


Did you know...

Ukrainians have been decorating eggs to celebrate the Gods and Goddesses of health and fertility for generations. This traditional act of pysanka is made by using wax and dyes.

This holiday was named after the Anglo-Saxon goddess, Eostre, who was depicted as the Goddess of Dawn and Light. She was honoured at Pagan festivals celebrating the arrival of spring.

The origin of the Easter Bunny dates back hundreds of years, beginning in pre-Christian Germany where a story was published in 1680 about a rabbit hiding eggs in a garden.

Easter Sunday can be anywhere between March 22 and April 25. The specific cycle that it goes through has so many factors affecting it that it takes a mind-bending 5.7 million years to repeat itself.
random interweb 'facts' pulled randomly...dyor

------------


Bitcoin trading near $40.4kish this morning on light holiday volume. Still moving sideways in a tight range between $41.5k and $39.5kish.


dyor


4h


D

stronghands

[aysg76]

It's actually true and if you are aware of melody you know the exact sync of the bitcoin music....

Fiat is somehow depressing one and btc is soothing for the future goals....

[HI-TEC99]

That’s one way to keep bitcoin mining game strong and wife happy


https://twitter.com/tech_cricket84/status/1515654945395118080?s=21

[NoorulHuda]

https://www.cnn.com/2022/04/17/politics/zelensky-russia-war-tapper-interview-cnntv/index.html

[ChartBuddy]

Explanation

[Tash]

https://www.cnn.com/2022/04/17/politics/zelensky-russia-war-tapper-interview-cnntv/index.html

That loony has as much say as Hitler, exactly nothing.
It is up to each individual  of what he or she will do. (decentralization) There is no war if no-one follows orders and mind the own business.

[OutOfMemory]

https://www.cnn.com/2022/04/17/politics/zelensky-russia-war-tapper-interview-cnntv/index.html

That loony has as much say as Hitler, exactly nothing.
It is up to each individual  of what he or she will do. (decentralization) There is no war if no-one follows orders and mind the own business.

So you finallly chose the side of the gutless murderers and rapists, i see?
I remember you were always easily drawn to conspiracy theorist's manipulation bullshit.
GTFO
Why don't you keep yourself to posting your mindless propaganda bullshit in the RU vs. UA thread?
You're a waste of resources, imo.

[philipma1957]

OT:

Avoid chicken if you can.

The chicken you are eating has increased 364% in size over the last 50 years.

Here is what this means for your health.

THREAD: https://twitter.com/mrsollozzo/status/1515324097223225345?s=21

True story... some of the tastiest chicken I have ever eaten, was in Thailand, and they looked far far more like the 1957 chicken in the picture above...  running around one minute , then snap, pluck, cook... tasty as fuck.

I used to live in Queens,New York City

In Jamaica Queens they had a live poultry market. Pick the bird and it is yours. Fresh kill and they hand it to you warm  gutted with a few feathers still stuck. Best chicken I ever had. It was in-between the 1957 and 1978 models in size.

[Tash]

https://www.cnn.com/2022/04/17/politics/zelensky-russia-war-tapper-interview-cnntv/index.html

That loony has as much say as Hitler, exactly nothing.
It is up to each individual  of what he or she will do. (decentralization) There is no war if no-one follows orders and mind the own business.

So you finallly chose the side of the gutless murderers and rapists, i see?
I remember you were always easily drawn to conspiracy theorist's manipulation bullshit.
GTFO
Why don't you keep yourself to posting your mindless propaganda bullshit in the RU vs. UA thread?
You're a waste of resources, imo.

What part of decentralization you don't unterstand?
Must be the "de" part by look of things, or just plain stupid.

[ImThour]

The WO posts are shit in the recent pages except Toxic2040's TA.

[shahzadafzal]

The WO posts are shit in the recent pages except Toxic2040's TA.

Define shit please.

[ImThour]

The WO posts are shit in the recent pages except Toxic2040's TA.

Define shit please.

nonsense, foolishness, crap especially
https://www.merriam-webster.com/dictionary/shit

[shahzadafzal]

The WO posts are shit in the recent pages except Toxic2040's TA.

Define shit please.

nonsense, foolishness, crap especially
https://www.merriam-webster.com/dictionary/shit

Wrong.

You don’t know sh!t.

https://youtu.be/igh9iO5BxBo

[xhomerx10]

The WO posts are shit in the recent pages except Toxic2040's TA.

Define shit please.

nonsense, foolishness, crap especially
https://www.merriam-webster.com/dictionary/shit

Wrong.

You don’t know sh!t.

https://youtu.be/igh9iO5BxBo

 I love that one.  It never gets old!
Ismo is a funny guy.  I like his ass bit too - https://youtu.be/1P0Z1yq-2FQ

[JayJuanGee]

We provide brand new antminer for bitcoin and orther cryto currency only one address probablyascam.com

So You want to sell antminer on the Wall observer thread with a brand new account?

I think most people here know better, but for those who do not it bears repeating that anyone who is interested in buying mining hardware off some sketchy site from some shady newbie account is just begging to fall victim to spyware/malware.

Remember, there are people here hunting for suckers. And they will scam you if they can, of your passwords, private keys and coins. Don't be a fool, Stay safe.

This kind of nonsense is because you kids are not used to the old ways of using cash on delivery. You pay an extra 5 bucks or how much they ask of you for this 'pay on delivery' method, and also you get to open the package before you pay them anything. If you did not get your stuff, they have to return their empty box full of used tampons.    

Well not sure how Cash on Delivery works in many place but based on my experience in few different places, once the package reaches your home you have to pay for it. Before you open or even evaluate and if you want to reject the receiving, still the delivery person or company will insist on taking the package, do the payment and then start the refund process.

The delivery company or person won’t take any responsibility for the package or what’s inside the package. Once they deliver you have to pay for it.

Never heard of that law (or responsibility of a receiver of an item..).

My understanding is that if you receive something that you had not paid for it is yours.

In other words, you better make sure that you receive payment before shipping something.. otherwise you may well be shit out of luck.

Sure a lot of people return things that they had received and not paid for, but I doubt that the law requires them to do it, especially if they had not requested it, and it just shows up at their door.  Seems to me that if you have not requested something and it gets shipped to you, then you may as well consider it to be a gift....

But we are talking about Cash on Delivery… so if it shows up on you door you have to pay first before you get this “gift”.

And from the senders perspective, I guess that’s where the delivery companies comes and make sure for sender that they get paid. In the end receiver is in disadvantage if the delivery is not up to his expectations since the refund process can really be pain in the a**.

Ok... seems that I misunderstood the scenario.. because likely with COD, there is already an agreement to pay in advance... versus a situation in there is a delivery of a product that might not have been order.  I will bow out of this conversation since I seemed to have been fighting with the hypothetical more than I had realized.

I do not know how much impact the Easter could bring, as there are analysts that say the price can lower more than $ 40k, this according to this article:

Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term

As the holiday season began, the pair experienced little movement, as US equity markets were closed for the Lenten week, allowing crypto to avoid correlation-based volatility.

The price consolidation follows a week of bearish pressure that pushed the world’s most valuable cryptocurrency towards critical support levels

Source: https://www.newsbtc.com/crypto/bitcoin-clings-to-40000/

Of course, there is a similar analysis by cointelegraph:

"Below bias is for re-distribution and another leg down. Think buyers need to step in pretty quickly."

Analyzing market movements, Kevin Svenson, well known on social media for his bullish sentiment on BTC, warned that current chart behavior was mimicking the period just before Bitcoin's bear market crash in late 2018.

Source: https://cointelegraph.com/news/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders

I do not know how good is a comparison at this time with respect to 2018, but the circumstances in 2018 if they were very different from now.

For me the scenario is totally different, I would not know what I could pass, but if most believe it will go down, I am more to believe that the opposite will happen.

I really doubt that the use of market sentiment is a very great indicator regarding what is likely to happen, especially since market sentiment can go back and forth in the short term, and sure like you mentioned it frequently goes in the opposite direction in the short-term, if you might be trying to play around with what might be coming next in the short term.

2018 really does not seem to be a very good comparison currently, even though we have been hearing folks proclaiming that since about December, if not before that... So of course, the BIGGER questions remain whether this cycle might be over or whether another cycle might be starting or whether a new cycle might be starting here.. and many times it is difficult to feel comfortable with these kinds of proclamations while in the middle of the matter.

We still have a factual reality of having had already experienced two greater than 50% corrections within the past year, and that is based on a seemingly relatively mediocre blow off top (s) (if those could be characterized as blow off tops (twice with that too)?)..

Personally, I do believe it is a bit much to conclude that great corrections are likely from here, even though they are not out of the realm of what could happen, I doubt that they are as great as some of the speculation seems to put them at, and of course, there has already been speculation that goes back for a year with some folks that any correction that comes will need to touch on the 200-week moving average, and in the last year, the 200 week moving average has doubled from around $10k to currently approaching $22k, and surely historically we have seen BTC price dips that go down to touch the 200 Week moving average on several occasions, and also BTC prices that linger in the area of the 200-week moving average for many months.  A large amount of 2015 was like that with the BTC price lingering in the mid $200s for a large amount of the year..

For sure, I would not rule out the BTC price going down to the 200-week moving average or even lingering there for a while, even though our last two years does seem to cause a decent amount of fundamental reasons for ongoing UPpity price pressures on BTC that may wall allow it to not quite reach those lower levels of dips, and really if you look at the matter, the BTC price corrections of the past year or so have been struggling to get below the 100-week moving average, even though the price has come close to touching on those levels.. spot price just has not gone down below the 100-week moving average yet... and for sure, I am not going to get cock-sure about this either, since in 2018 we had something in the territory of 5 times testing the 100-week moving average which was a bit lower than $6k, and then finally on the 6th attempt, we got ourselves a break below the 100-week moving average and also got stuck below the 100-week moving average from about mid-November 2018 until about May 2019... .so yeah, never say never, even if a lot of confidence is building up and even if there seem to be a lot of ways that current times are not really seeming to be very comparable to 2018  - so we may well not be able to see or make the comparison until such a capitulation event were to happen - if it does happen. 

Another thing is the seemingly ongoing froth in the shitcoin space that likely deserves some purging.. so purging of the froth in the shitcoin space could contribute to some dragging down of BTC - but it is even dangerous to presume that king daddy is going to have to move in correlation with any kind of seemingly morally necessary shitcoin purgening... so personally, I am not going to put very much weight to any kind of shitcoin purgening scenario that would necessarily have to lead to bitcoin's prices getting depressed simultaneously.

[Biodom]

Barber's paradox as applied to shitposting on WO:

The 'shitposter on WO' is the "one who shitposts on WO to those, and only those, who do not shitpost (on WO) themselves".

The question is, does the shitposter 'shitpost' to him/herself?