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

[ChartBuddy]

Explanation

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[Torque]

At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

Banco Central de São Tomé e Príncipe
Banco Central del Paraguay
Banco Nacional de Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Banque Centrale de la République de Guinée
Banque Centrale de Madagascar
Banque de la République d'Haiti
Banque de la République du Burundi
Central Bank of Eswatini
Ministry of Finance of Eswatini
Central Bank of Jordan
Central Bank of The Gambia
Comisión Nacional de Bancos y Seguros de Honduras
Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar
Maldives Monetary Authority
National Bank of Rwanda
Nepal Rastra Bank
Sacco Societies Regulatory Authority (SASRA) Kenya
State Bank of Pakistan
Superintendencia General de Entidades Financieras de Costa Rica
Superintendencia de la Economía Popular y Solidaria de Ecuador
Banco Central de El Salvador
Central Bank of Egypt
Central Bank of Jordan
Central Bank of Nigeria
Ministère de l'Economie, des Finances et du Plan du Sénégal
Superintendencia de Bancos de la República Dominicana
Banque Centrale de Mauritanie
Banque Centrale du Congo
Central Bank of Armenia
Bangladesh Bank
Banco de Moçambique
Bank Al-Maghrib (Morocco)
Bank of Sierra Leone
Bank of Zambia
Central Bank of Lesotho
Central Bank of Liberia
Central Bank of Sudan
Financial Regulatory Commission of Mongolia
Ministry of Finance, Zambia
Palestine Monetary Authority
Reserve Bank of Malawi

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

TBH, I'm getting tired of hearing about these third world countries claiming they're getting into Bitcoin, but then not really doing anything. And by 'anything', I mean more than just talking about it or just making it a legal currency. I want to see them buy bitcoin as a reserve asset by the tens of billions! Piss or get off the pot! Drain every exchange dry! I mean ffs, if idiots like Do Kwon can buy $1 Billion worth of btc to back his stupid shitcoin, then surely these Central Banks can buy several billion dollars worth EACH, if not more.

It's what we all want to see and hear, but so far they're just jawboning. I don't even feel like El Salvador has bought enough bitcoin in reserve to impress me yet.

[philipma1957]

At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

Banco Central de São Tomé e Príncipe
Banco Central del Paraguay
Banco Nacional de Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Banque Centrale de la République de Guinée
Banque Centrale de Madagascar
Banque de la République d'Haiti
Banque de la République du Burundi
Central Bank of Eswatini
Ministry of Finance of Eswatini
Central Bank of Jordan
Central Bank of The Gambia
Comisión Nacional de Bancos y Seguros de Honduras
Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar
Maldives Monetary Authority
National Bank of Rwanda
Nepal Rastra Bank
Sacco Societies Regulatory Authority (SASRA) Kenya
State Bank of Pakistan
Superintendencia General de Entidades Financieras de Costa Rica
Superintendencia de la Economía Popular y Solidaria de Ecuador
Banco Central de El Salvador
Central Bank of Egypt
Central Bank of Jordan
Central Bank of Nigeria
Ministère de l'Economie, des Finances et du Plan du Sénégal
Superintendencia de Bancos de la República Dominicana
Banque Centrale de Mauritanie
Banque Centrale du Congo
Central Bank of Armenia
Bangladesh Bank
Banco de Moçambique
Bank Al-Maghrib (Morocco)
Bank of Sierra Leone
Bank of Zambia
Central Bank of Lesotho
Central Bank of Liberia
Central Bank of Sudan
Financial Regulatory Commission of Mongolia
Ministry of Finance, Zambia
Palestine Monetary Authority
Reserve Bank of Malawi

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

This is a very informative post thank you.

[psycodad]

At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

<removed list of countries>

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

TBH, I'm getting tired of hearing about these third world countries claiming they're getting into Bitcoin, but then not really doing anything. And by 'anything', I mean more than just talking about it or making it a legal currency. I want to see them buy bitcoin as a reserve asset by the tens of billions! Piss or get off the pot! Drain every exchange dry! I mean ffs, if idiots like Do Kwon can buy $1 Billion worth of btc to back his stupid shitcoin, then surely these Central Banks can buy several billion dollars worth EACH, if not more.

It's what we all want to see and hear, but so far they're just jawboning. I don't even feel like El Salvador has bought enough bitcoin in reserve to impress me yet.

I have hunch that many if not most of them just try to publicly flirt a bit with BTC thinking that it might scare the IMF and hoping it would improve their negotiation position with the IMF.
Still positive news methinks, thanks for bringing that up cAPSLOCK!
And yeah, Torque has a point there, once they start disposing their USD/EUR/JPY/CHF etc. for BTC we will see jumps in prices that even now are unthinkable.

[ChartBuddy]

Explanation

[Lucius]

At a glance I do not see much about the following here... my apologies if it has been already discussed.
---
They did this quietly, and it has not been covered much by mainstream western news.
---
Probably nothing, right?

There is a thread in Bitcoin Discussion from 2 days ago. And the fact that the mainstream media is not too interested in such events should not surprise us too much - Bitcoin is not interesting to them at the moment, and reporting on the war is a much more profitable thing.

As I already wrote in the already mentioned thread, let people talk and try to learn something new, and if something useful comes out of everything we will say that the meeting was a success - and if not, it wouldn’t be the first time it all ended with lots of food, drinks and good fun.

[serveria.com]

At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

Banco Central de São Tomé e Príncipe
Banco Central del Paraguay
Banco Nacional de Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Banque Centrale de la République de Guinée
Banque Centrale de Madagascar
Banque de la République d'Haiti
Banque de la République du Burundi
Central Bank of Eswatini
Ministry of Finance of Eswatini
Central Bank of Jordan
Central Bank of The Gambia
Comisión Nacional de Bancos y Seguros de Honduras
Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar
Maldives Monetary Authority
National Bank of Rwanda
Nepal Rastra Bank
Sacco Societies Regulatory Authority (SASRA) Kenya
State Bank of Pakistan
Superintendencia General de Entidades Financieras de Costa Rica
Superintendencia de la Economía Popular y Solidaria de Ecuador
Banco Central de El Salvador
Central Bank of Egypt
Central Bank of Jordan
Central Bank of Nigeria
Ministère de l'Economie, des Finances et du Plan du Sénégal
Superintendencia de Bancos de la República Dominicana
Banque Centrale de Mauritanie
Banque Centrale du Congo
Central Bank of Armenia
Bangladesh Bank
Banco de Moçambique
Bank Al-Maghrib (Morocco)
Bank of Sierra Leone
Bank of Zambia
Central Bank of Lesotho
Central Bank of Liberia
Central Bank of Sudan
Financial Regulatory Commission of Mongolia
Ministry of Finance, Zambia
Palestine Monetary Authority
Reserve Bank of Malawi

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

This is great for King Daddy, every little piece of positive (and sometimes even negative) publicity is good for Bitcoin. Everything will come eventually, also the hyperbitcoinization at the government level.  

[Tash]

Meet the Bitcoin Billionaire Chris
https://www.youtube.com/watch?v=-N73oLPdqaE

[ChartBuddy]

Explanation

[AnotherAlt]

This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.
The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc. These folks are looking to get off the plantation, and they are doing so en masse.
(edited)

I am glad to see that my country's bank is also on this list. I heard this a few days ago but didn't believe it. I want to ask whether it is authentic. Do you know anything that was discussed there? Any news source where I can read more details? I believe this could be a baby step in bitcoin adoption worldwide.

Edit: All I found from google is they invited 40+ central banks to discuss crypto/Bitcoin. I didn't find any details.

[BobLawblaw]

I feel something resembling pain

[bitcoinPsycho]

[ChartBuddy]

Explanation

[cAPSLOCK]

I feel something resembling pain

Same, I think.

[Torque]

Unless the Fed's chair Powell truly does want the stonk market to implode, he needs to shut the fk up.

S&P 500 needs to bounce away from 3837 or he will likely see that.

The only reason he would want to induce that if he and all the big WS players (*cough* all his buddies *cough*) are short this market.

[cAPSLOCK]

TBH, I'm getting tired of hearing about these third world countries claiming they're getting into Bitcoin, but then not really doing anything. And by 'anything', I mean more than just talking about it or just making it a legal currency. I want to see them buy bitcoin as a reserve asset by the tens of billions! Piss or get off the pot! Drain every exchange dry! I mean ffs, if idiots like Do Kwon can buy $1 Billion worth of btc to back his stupid shitcoin, then surely these Central Banks can buy several billion dollars worth EACH, if not more.

It's what we all want to see and hear, but so far they're just jawboning. I don't even feel like El Salvador has bought enough bitcoin in reserve to impress me yet.

I have felt the same.  And as was mentioned some folks are probably dipping their toes in hoping the IMF won't call their bluff.  But at the same time it seems almost impossible for at least a HANDFUL of these countries are not getting in.  How long will that take?  Not sure. Seems like a fairly large scale project.

But part of the point is Bukele and his country have done so much of the legwork already.  I imagine deals being made to use software, etc.  The way he rolls I would almost not be surprised if he gave away some of the tech they developed.  He SHOULD, as getting other countries on board here is a big deal.

The silence from the western media is possibly the most telling thing.

This is a threat to the system, for sure.

I still worry for Bukele...  he has a  pretty big target on him at this point.

[cAPSLOCK]

Unless the Fed's chair Powell truly does want the stonk market to implode, he needs to shut the fk up.

S&P 500 needs to bounce away from 3837 or he will likely see that.

The only reason he would want to induce that if all the big WS players are short.

Considering all the other things we are seeing.  The current administration is acting in concert with foreign powers to strangle the US on almost every front.  I am surprised that you of all folks would not see the conspiracy angle here.  If they crash it all then they get to "build back better".  Get enough starving babies, etc?  And things like UBI and the like are a soft sell.

The boomers have too much... could be time to take it away?  I gotta say I like your other theory better... that the markets will never stop going up, but...

[Torque]

I have felt the same.  And as was mentioned some folks are probably dipping their toes in hoping the IMF won't call their bluff.  But at the same time it seems almost impossible for at least a HANDFUL of these countries are not getting in.  How long will that take?  Not sure. Seems like a fairly large scale project.

But does it tho? Those Central Banks buy and sell tens of billions worth of assets every single day. Buying a few billion worth of btc is as easy as a click of a mouse.

Bukele literally buys btc from his phone with a few clicks.

I'm not buying the whole "It would take us a long time and a lot of consideration to properly invest in bitcoin" BS narrative.

[cAPSLOCK]

I have felt the same.  And as was mentioned some folks are probably dipping their toes in hoping the IMF won't call their bluff.  But at the same time it seems almost impossible for at least a HANDFUL of these countries are not getting in.  How long will that take?  Not sure. Seems like a fairly large scale project.

But does it tho? Those Central Banks buy and sell tens of billions worth of assets every single day. Buying a few billion worth of btc is as easy as a click of a mouse.

Bukele literally buys btc from his phone with a few clicks.

I'm not buying the whole "It would take us a long time and a lot of consideration to properly invest in bitcoin" BS.

Ah... buying, no.  That's nothing.  They can do that easily.  Implementing a country wide payment system... that's what I was talking about.  But I do think this will light a fire under SOME of them to start buying... especially now that the downside is so reduced.  i hope.

Meet the Bitcoin Billionaire Chris]https://www.youtube.com/c/MMCryptoTube/videos] Chris
https://www.youtube.com/watch?v=-N73oLPdqaE

This was actually better than I expect it to be.  Totally knew what he sounded like the moment I saw him, but even with all the hype, interesting stuff...  And what an odd format a live phone looking shot?  Strange.

That said... we are testing that low range again this morning.   Ugh.

[OutOfMemory]

I feel something resembling pain

Great, got some pretty low buy orders  

EDIT: Got hit already, adding some a lil lower.