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

[ChartBuddy]

Explanation

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[Gachapin]

I must say the market absorbed the 88k BTC in one week quite well.

However, since many buyers have already bought at this point, I feel there seems to be a lack of new capital which is needed to pump us out of the lows.

[Hueristic]

The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block the public from viewing documents that explain the composition of Tether’s reserves over the last few years has been refused.

https://finbold.com/u-s-court-rejects-tethers-bid-to-conceal-reserve-records-from-the-public/

[Hueristic]

I must say the market absorbed the 88k BTC in one week quite well.

However, since many buyers have already bought at this point, I feel there seems to be a lack of new capital which is needed to pump us out of the lows.

Speaking during an interview with CNBC’s ‘Squawk BoxBox’ show, Nair noted that both investors and advisors are looking for investment opportunities in Bitcoin-related funds even as the asset struggles to sustain its position above the $30,000 level.

https://finbold.com/investors-flock-to-bitcoin-exposed-funds-despite-market-volatility-says-magnifi-ceo/

[ChartBuddy]

Explanation

[cAPSLOCK]

My gut is it is a terrible idea since that second layer (LN) is very much like staking but I simply do not know much about the world.

Lightning works like staking, but there are two important differences:

• No coin generation.
• Actual usefulness. (Routing TX)

You forgot
3. LN node operators don't really make any money, they are doing it for fun.


Also, why do folks continue to ignore the Core Devs? Like they're never going to touch the code ever again over the next 100 years to make adjustments?

LN is just another 3rd party similar to Western Union. WU does not generate new $$ they do however charge a fee and don't do it for fun. LN operators are earning a fee via self-adjusting modifications to their channel, likely a compromise of throughput versus bandwidth.

NO NO NO NO NO NO NO.

I don't mean to be a dick but lighting is NOT SIMILAR TO WESTERN UNION.  Western union is a centralized service with 100% control over what goes through.  Lightning is a COMPLETELY FOSS project in which YOU and I can completely independently set up a channel between us and NO ONE but us sets the rules and NO ONE but us has to know about it.  Wha I am saying is you and I can use the "lightning network" without asking the permission of anyone else, and including NO ONE else in our network (channel).

That in itself is a fundamentally HUGE difference.  But I could go on.  I am just too drunk to now.  I found some really awesome spiced rum.

I get it if you have issues with lightning as a trust minimized protocol for exchanging Bitcoin.  There are plenty of things to complain about or to gripe over... but you really need to pick better.  It is not even CLOSE to Western Union.

[cAPSLOCK]

Explanation

Welp, the carrot didn't work how about the stick?




Worked on the ruskies.

Does it bother you how well it worked on the Ruskies?  It does me...  Something stinks about all this... it really does.  How many people are lying to us?  At this point I think it might be all of them, the bastards.

[Hueristic]

Does it bother you how well it worked on the Ruskies?  It does me...  Something stinks about all this... it really does.  How many people are lying to us?  At this point I think it might be all of them, the bastards.

It does get tougher every day to figure out what the fucking truth of the matter is, it seems everything is being spun constantly.

*This is how civilization spirals down the tube.

[JayJuanGee]

[edited out]

....
And btw, so can you. Fuck off.

You took my comments better than I thought you would..... hahahahaha.



you stubborn twat....



#nohomo





I stand by my original post, especially since you did not really add anything of substance (or value for that matter) beyond changing the wording and repeating what you had already said..





who would-a-thunk?





 


 

[Gachapin]

I am just too drunk to now. I found some really awesome spiced rum.

I can absolutely recommend the Pampero Aniversario Reserva Exclusiva Añejo from Venezuela.

Costs only slightly over 20$ but it's one of the softest and most delicious rums I had. (I drink it pure)

[AnotherAlt]

You seem to not be trying very hard.   Just a few posts up (from yours) there was a post from Lucius... see below:

Well, Yeah. I missed that. He seems right about the media. It's more profitable covering war news and spreading FUD for them.
BTW, Back to the topic. All I know from coindesk is:

As host of an annual meeting of the Alliance for Financial Inclusion (AFI), El Salvador President Nayib Bukele is promoting the use and adoption of bitcoin to 32 central banks and 12 financial officials representing emerging economies.
The event, which takes place between Monday and Wednesday, covers topics such as financial inclusion and the digital economy, Bukele said, as well as the benefits El Salvador has obtained from becoming the first country in the world to adopt bitcoin as legal tender last year.
According to Bukele, among the countries attending are Paraguay, Haiti, Honduras, Costa Rica and Ecuador in Latin America; Angola, Ghana, Namibia and Uganda in Africa; and Bangladesh, Palestine and Pakistan in Asia.

Source: https://www.coindesk.com/policy/2022/05/17/el-salvadors-nayib-bukele-promotes-bitcoin-adoption-by-emerging-countries/

So, According to Coindesk, they will discuss financial inclusion and the digital economy. We cannot expect too much from this meeting. But it's a baby step.

[Copetech]

Does it bother you how well it worked on the Ruskies?  It does me...  Something stinks about all this... it really does.  How many people are lying to us?  At this point I think it might be all of them, the bastards.

It does get tougher every day to figure out what the fucking truth of the matter is, it seems everything is being spun constantly.

*This is how civilization spirals down the tube.

It was all  created on purpose, and Ole Uncle Joe is so incompetent, it becomes obvious to anyone paying attention.

Keystone Pipeline was shuttered on the same day the sanctions blocking Nordstream Pipeline were canceled. NATO/US globalists created this scenario to rekindle legitimacy for the outdated NATO alliance while simultaneously creating cover for all participants to continue printing money and devaluing currencies worldwide. Now unchecked emergency powers are being granted to WHO while Finland & Sweden jab another thumb in Russia's eye by joining the revitalized NATO.

If you look at the last 2 year's events/decisions and tried to come up with a better plan to destroy the world's economy and killa couple Billions of people, I doubt you likely couldn't come up with anything more effective. Gotta destroy it all before you can "Build Back Better..."

[ChartBuddy]

Explanation

[JayJuanGee]

You seem to not be trying very hard.   Just a few posts up (from yours) there was a post from Lucius... see below:

Well, Yeah. I missed that. He seems right about the media. It's more profitable covering war news and spreading FUD for them.
BTW, Back to the topic. All I know from coindesk is:

As host of an annual meeting of the Alliance for Financial Inclusion (AFI), El Salvador President Nayib Bukele is promoting the use and adoption of bitcoin to 32 central banks and 12 financial officials representing emerging economies.
The event, which takes place between Monday and Wednesday, covers topics such as financial inclusion and the digital economy, Bukele said, as well as the benefits El Salvador has obtained from becoming the first country in the world to adopt bitcoin as legal tender last year.
According to Bukele, among the countries attending are Paraguay, Haiti, Honduras, Costa Rica and Ecuador in Latin America; Angola, Ghana, Namibia and Uganda in Africa; and Bangladesh, Palestine and Pakistan in Asia.

Source: https://www.coindesk.com/policy/2022/05/17/el-salvadors-nayib-bukele-promotes-bitcoin-adoption-by-emerging-countries/

So, According to Coindesk, they will discuss financial inclusion and the digital economy. We cannot expect too much from this meeting. But it's a baby step.

I agree with you that we should not necessarily expect very much from just one meeting, yet I would consider it a wee bit bigger than a baby step, even if it is merely the gathering of some of the smallest countries in the world.  

Nonetheless, a country like El Salvador is not a very big country in the first place, but it still seems quite a pretty BIG deal that they were able to convince representatives from 44-ish banking/financial institutions - and you really never know how many ideas can be shared through such a gathering, including but not limited to the fact that Bukele has been able to garner the support and sympathy of some pretty decently BIG brains (influencers - if they might be superficially labeled as such?) within the bitcoin space...

It seems like a good thing to do.. and sure maybe we cannot necessarily presume that there will be another meeting - such as having such meetings annually or maybe some other kind of potential arrangement to follow-up - depending what kinds of things that they might have on the agenda including if there might be some structured "follow-up" items.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ImThour]

I want all stablecoins (which are not really stable at all) to die so that everyone is invested in BTC.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Apocollapse]

I want all stablecoins (which are not really stable at all) to die so that everyone is invested in BTC.

Not sure what is stablecoins you mean because I can only see Bitcoin.