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

[shahzadafzal]

@fillippone
i leaked your whatsapp chat history

That' took him 6 minutes to decide? I don't think so...

We all are Bitcoiner and if bitcoin was a country and it's hodlers were citizen then....

Bitcoin would have been 24th richest country in world, ranking above Belgium, Thailand, Argentina, Nigeria, UAE and this when we are not at our best yet

[Lucius]

I posted this link in some thread a couple of months ago, but I don't think anyone commented on it. It’s interesting to go a little through the history of how Bitcoin became a legal tender in El Salvador with the help of the guys from Tether, and how one altcoin lost that battle at the end of the race.

The crew doing the Bitcoin Bonds has been living it up in El Salvador, to great attention from the local press — people from iFinex, Samson Mow, Simon Dixon from BnkToTheFuture, and RT broadcaster and Bitcoin maximalist Max Keiser and his wife Stacy Herbert. [Elsalvador.com, in Spanish]

Max Keiser had suggested Bitcoin bonds to the government way back in June 2021. [El Faro, in Spanish]

Mow, Keiser and Herbert took a military helicopter, piloted by an El Salvador Air Force captain, to La Unión, the alleged future site of Bitcoin City. It doesn’t get much more libertarian than that. The local press coverage was not positive concerning the private partying on public funds. [Elsalvador.com, in Spanish]

Bukele brought companies in to work on the Bitcoin project based on whether they were politically reliable — without paying too much attention to competence.

The companies were mostly friends of Bukele’s long-standing “shadow cabinet,” who are associated with the Venezuelan opposition to Nicolás Maduro. Shadow cabinet leader Sara Hanna has advised Bukele since he was the mayor of Nuevo Cuscatlán, around 2012 to 2015. [El Faro, in Spanish; El Faro, in Spanish]

Hanna and cryptocurrency promoter Lorenzo Rey designed the Chivo network. Rey promoted the Dash altcoin for payments and remittances in Venezuela — though a lot of the Venezuelan merchants listed as accepting Dash couldn’t be verified as … existing at all. [George Donnelly]

A team from Cardano came to El Salvador in early 2020 to promote their minor altcoin ADA as a possible legal tender crypto, and negotiated up to mid-2021. Apparently, negotiations failed just a few weeks before Bukele’s big announcement about Bitcoin in June 2021 — and the whole project was scrapped.

https://davidgerard.co.uk/blockchain/2022/02/26/el-salvador-bitcoin-tether-buys-itself-a-country-and-why-chivo-sucks/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

Just discovered Peter McCormack's documentary on El Salvador's Bitcoin adoption:

https://www.youtube.com/watch?v=ig3UN1GYmY8

EDIT: Not great... but OK-ish, imho.

Sure it seems a bit strange that Peter had made 30 minutes worth of video production, and he seemed to have been struggling so much about whether 1) Bukele is a dictator or not, or 2) is passing bitcoin as legal tender the right course of action for the country.. and even in his interview with Bukele, it seems that he had not prepared enough... in terms of talking about various aspects of what Bukele is doing or wants to do and even how much interaction that the administration might have been attempting to make with the people and/or businesses.. or even talking about the mining that they might be preparing to do, but if you just ask "are you a dictator or not?"  That is not even a very open ended question, and it just seems as if the underlying facts were not really fleshed out, even though it seems that Bukele was willing to have an interview and has not even shown a history of being closed off.. but if you ask closed ended questions, that's not going to get any interviewee to open up  whether he is a regular peep or a president.

I admit i do not know much about PMC, but his name kept floating around for a while now on twatter. He seems a bit inexperienced to me, he seems to try to come around like Michael Moore but destroys this image with questions that remind me of Ali G. (S.B. Cohen) intruductions, like the one you mentioned as a pretty on-point example.
I like his engagement for Bitcoin, but i hope he will improve a lot as a journalist in the near future, which also takes somewhat of a set of balls and nifty interview tactics sometimes. I feel he would want to work on a more serious face impression, too.

In the whole balance of things, I consider myself a P. Mccormack fan - even though for sure there is some weirdness about some of his ways - but overall I consider him to be a pretty good interview most of the time, even though he has been criticized for being too dumb sometimes or too wishy-washy.. but he has remained quite a bit of a work-horse in terms of consistently putting out podcast episodes and he has had some pretty amazing guests (and discussions) through the years including some of his drama queen stuff - in which he has admitted to going down some of the drama/attention whore routes on purpose..   I probably have listened to nearly all of his audio podcast episodes since 2017-ish.. or whenever I first heard about him.  
 
Link to Peter's podcast home page.

https://www.whatbitcoindid.com/

Here's another way of listening to his podcast - through Overcast:

https://overcast.fm/+LCsEhdiRU


It could be that Peter is better in the audio only format - even though there is nothing really wrong with how he looks, but surely some of his facial expressions come off as weird from time to time in that particular El Salvador "documentary".. and probably those are the kinds of reactions that regular people have in the real world.. but maybe post production will edit those kinds of expressions out of the more "professional" video presentations.  Perhaps? perhaps?  

In my own listening to podcasts, it is pretty rare that I watch actual videos rather than just listening to the audio presentations.. and probably the vast majority of video presentation exposure that I get comes through this thread or other links that I might come across through this forum... otherwise I tend to find audio format to be a bit more practical for my own ability to listen while I am working, driving, walking or exercising.


By the way, in regards to the Bukele interview, Peter said that he fucked up the first interview, but he was going to go back and ask the tough questions.. blah blah blah.. so it was a bit ironic that his second interview came off as being worse (from my perspective) than the first, in spite of his own self-direction to do better.. hahahahaha
 

As of the question, sometimes a sane dictator seems to do a better service to a poor country than some form of democracy, imho.

I doubt that we are getting very far with our discussions about dictator versus democracy.. but surely there can be trade offs in terms of potentially getting things done - and the extent to which possible enlightened leaders would end up benefiting the folks more or if it is better to ensure that decisions and even execution is spread out a bit more....  

Personally, it seems to me that we could get quite led astray by trying to get caught up too much into various politics - and surely we can have opinions about whether some individuals might be wielding too much power or if they might be instituting  policies in self-serving ways, rather than making sure that they are fairly accounting for various deficiencies in their communities.
 

I want you to take note that i don't give Bukele any credit for being a particularly good or bad dictator, leader, president of San Salvador.

EDIT: Taking about ten minutes to find out Michael Moore's name because of my m3m0ry got ChartBuddy three posts in a row   Slowey poey strikes back  

I don't know how much Michael Moore would be a great comparison, but surely I believe that I do get at least part of your point that sometimes journalists can get involved in their own  contradictions when they are pointing out contradictions that exist in society in regards to various policies and practices and the impacts of various policies and practices, and surely each of us have to attempt to figure out how much we might buy into any kind of framework that might be presented to us through journalists, and I doubt that it is bad when journalists might attempt to take a moral stance - and surely the extent to which they might present their view as objectively correct or not is going to vary too in terms of the medium in which they present their story and maybe the extent to which they might have others helping them to figure out the extent to filter or not.

Following up to my earlier post (above) on the McCormick El Salvador documentary, within McCormick's podcast, "What Bitcoin Did," he just released his full interview with Bukele (which would be McCormick's second interview with Bukele).

I posted some commentary, a link back to this post and a link to that full interview in the El Salvador Bitcoin law thread (here).

Essentially, both Bukele and McCormick come off as much more thoughtful and likable within the context of that full interview - rather than the shorter clipped portion of the interview within the earlier released 36-minute video documentary.  I think that it is a "must listen to" interview if any of you peeps want to get a decent on-the-ground-perspective regarding how Bukele speaks about bitcoin, and about various social justice and representational matters/issues that he faces.

[ChartBuddy]

Explanation

[empowering]

Should could be some chop today for BTC

[Ucy]

There is going to be strong movement this week, either up or down....and this will depend on tommorow.

*Whoever solves this #puzzle, could make alot of money from the price movement

[ImThour]

There is going to be strong movement this week, either up or down....and this will depend on tommorow.

*Whoever solves this #puzzle, could make alot of money from the price movement

Toss a coin, If Heads, It will go up. Else It goes down. This is what TA is for most of the people in here. Better find some other place to discuss this as they don't take it serious.

[JayJuanGee]

*Sigh* lawyers screwing up affecting my finances again. Get ready for the rocket if I have to sell some BTC to bridge the gap.

Readying the Bulls for the next run. Somebody be going to the moon.
https://preview.redd.it/fmnahlzbti191.gif?width=320&format=mp4&s=72dca95611b3763ca36d41989f8a34a77f91260d

I wonder why that seem dangerous to me?

Especially the guy in the back.. directly in the back.

Is the font changed or what? Why the forum looks weird to me.

Too many drugs in the 60s, perhaps?

I posted this link in some thread a couple of months ago, but I don't think anyone commented on it. It’s interesting to go a little through the history of how Bitcoin became a legal tender in El Salvador with the help of the guys from Tether, and how one altcoin lost that battle at the end of the race.

The crew doing the Bitcoin Bonds has been living it up in El Salvador, to great attention from the local press — people from iFinex, Samson Mow, Simon Dixon from BnkToTheFuture, and RT broadcaster and Bitcoin maximalist Max Keiser and his wife Stacy Herbert. [Elsalvador.com, in Spanish]

Max Keiser had suggested Bitcoin bonds to the government way back in June 2021. [El Faro, in Spanish]

Mow, Keiser and Herbert took a military helicopter, piloted by an El Salvador Air Force captain, to La Unión, the alleged future site of Bitcoin City. It doesn’t get much more libertarian than that. The local press coverage was not positive concerning the private partying on public funds. [Elsalvador.com, in Spanish]

Bukele brought companies in to work on the Bitcoin project based on whether they were politically reliable — without paying too much attention to competence.

The companies were mostly friends of Bukele’s long-standing “shadow cabinet,” who are associated with the Venezuelan opposition to Nicolás Maduro. Shadow cabinet leader Sara Hanna has advised Bukele since he was the mayor of Nuevo Cuscatlán, around 2012 to 2015. [El Faro, in Spanish; El Faro, in Spanish]

Hanna and cryptocurrency promoter Lorenzo Rey designed the Chivo network. Rey promoted the Dash altcoin for payments and remittances in Venezuela — though a lot of the Venezuelan merchants listed as accepting Dash couldn’t be verified as … existing at all. [George Donnelly]

A team from Cardano came to El Salvador in early 2020 to promote their minor altcoin ADA as a possible legal tender crypto, and negotiated up to mid-2021. Apparently, negotiations failed just a few weeks before Bukele’s big announcement about Bitcoin in June 2021 — and the whole project was scrapped.

https://davidgerard.co.uk/blockchain/2022/02/26/el-salvador-bitcoin-tether-buys-itself-a-country-and-why-chivo-sucks/

Various premises of the article in regards to failure of the bitcoin implementation in El Salvador and suggestions that Tether is buying a country .. are just nonsense...   premature to suggest failure of the bitcoin implementation (though a wet dream for the scaredy cat status quo bankers), and for sure there are going to be implementation issues.  

For some reason, I had not realized that Bukele had been in discussions with Cardano folks in late 2020 and into early 2021... .. Holy fucking shit, that would have been a disaster if he would have gone with pumping up  that scam pyramid scheme Cardano bullshit....... part of the ethereum scam has persisted so long because so many corrupt status quo folks are pumping money into it so they can print their own money and make all kinds of free money.. so makes the crap live longer when it should just die from its own multiple house of card smoke and screen rube goldberg apparatuses.. so in some sense, the failure of the Cardano negotiations in early 2021 show Bukele to at least not susceptible to that kind of pumping some bags of scammers nonsense.

Regarding how bitcoin has been implemented in El Salvador, we are lucky as fuck that there has been so much bitcoin focus within both how Bukele talks about the matter and he seems to have stayed true to his word.. and has not even come up with his own coin, yet (remember Miami coin?) .. and there seem to be quite a few instances in which Bukele has been rejecting various shitcoin propositions and/or other scammers.. remember when child star scammer Brock Pierce tried to get in on the early implementations, and so many true bitcoiners pointed out that Brock was an opportunist scammer.. so Bukele seemed to recognize/appreciate that information, too.. and did not allow Brock to get into his inner circles.. ...   so in quite a few ways, Bukele seems to be very aware of the difference between bitcoin and various shitcoins..

Could you imagine how much of a shitshow we would have had if Bukele did not have that level of bitcoin focus and conviction within his implementations.. and he would have been more of an "all coins are equal" cryptocurrency maximalist.. and foggy-ass ambiguous and muddled thinking like that?  By the way, Tether is not a shitcoin in the same light as various other shitcoins.. even though there are so many tendencies to throw Tether in the mix of supposed corruption.. blah blah blah nonsense..

Maybe Bukele would be more liked by the powers that be (especially the bankers) if he was into foggy thinking about equal opportunity all cryptos are alike and shitcoins.. hahahaha.

Should could be some chop today for BTC

Define "chop"

Below $28,500?

Below $27,000?

Below $25,401?

or something else?

Personally, I might start to pay attention if there is under $28,500.. but I would have some difficulties worrying without going below $27k.. and gosh getting down to $25,401 would make me a bit more worried.. even though not completely out of expectations.. but seeming a bit too bearish to happen so soon without something more dramatic .. like another Luna/Terra/Do Kwon level dump.. or some other bigger macro news.. of course, there remain concerns about bottoms falling out of various equities because of Fed interest rate policies.. so surely some of that could go negative and then pull on king daddy.. or maybe some other shitcoin explodes.. i suppose that could contribute towards dragging us into sub $25,401 BTC prices too..

[shahzadafzal]

There is going to be strong movement this week, either up or down....and this will depend on tommorow.

*Whoever solves this #puzzle, could make alot of money from the price movement

Toss a coin, If Heads, It will go up. Else It goes down. This is what TA is for most of the people in here. Better find some other place to discuss this as they don't take it serious.

Who says this??? Don’t spread fake news here….

You can ask ChartBuddy. Hey buddy tell him…!!!

[somac.]

Yet another school shooting in USA. WTF America. Get your shit together.

If you changed your gun laws this shit would stop.


Or better yet you can change "right to bear arms" to "right to arm bears" and that would make the world a much more interesting place

I don't live in the USA so my opinion is not relevant to citizens and voters. If I could vote over there I would probably mostly lean republican but the gun stuff I do think should be tackled regardless.
I can see the right to bear arms as a touchy subject and outright banning will never work and I wouldn't quite agree with.

Regardless, many of these mass shooters recently are in the 18-25 age range.
Not sure the initial stuff we've heard about this loser is true but apparently he bought the semi automatics on his 18th birthday.

They should ban buying guns (and also ban voting!) for anyone younger than 25. In concession the dems should agree on required voter ID.


What they've done in Scotland allowing voting for 16 and 17 year olds is also sick in the head if you ask me.
I'd like to see the age of voting increased in the west. Sure, I also thought I knew everything at 18-19 but I clearly didn't.

I know a lot of people consider the 2nd amendment essential to prevent government overreach, others want that right for personal protection.

I can understand both of those things. Regarding the government overreach perhaps an alternative would be to take control of the armed forces away from the government, put it in the hands of the people somehow. Then perhaps the 2nd amendment would not be necessary for at least that side of things.

Imagine how many wars the USA would be in if they needed a super majority of the peoples votes to actually deploy. Slim to none is my guess.

[aysg76]

How time flies and how far the whole bitcoin community has come in each aspect is astonishing like adoption, prices, support, usage and development of LN channels have taken bitcoin to next levels.

But if we look back then we realise it's win for us as bitcoiners:

📸 Oldest known #Bitcoin price chart from the market's oldest trading data provider

Bid: $0.30
Volume: $3.00
Date: May 25, 2010 ✨ https://t.co/f0csV4nrp9

Source: Twitter

See we still feel bad for prices ranging between $30k but if we have this perspective then we feel this will also pass.So stay strong bitcoiners .

The world is on verge of adopting bitcoin and soon the list is going to be filled with more:



So will see forward how they come up with regulations in the filing

[ChartBuddy]

Explanation

[Lucius]

Various premises of the article in regards to failure of the bitcoin implementation in El Salvador and suggestions that Tether is buying a country .. are just nonsense...   premature to suggest failure of the bitcoin implementation (though a wet dream for the scaredy cat status quo bankers), and for sure there are going to be implementation issues.

Maybe some things are a little overemphasized, but I am always in favor of a critical approach to things, rather than accepting anything that is served by the mainstream media. If you've read some of my posts about some claiming that Bitcoin is failing in El Salvador, then you know I think it's complete nonsense - less than a year has passed since Bitcoin was a legal tender in that country, with the fact that The US dollar in that same role for over 20 years.
  

For some reason, I had not realized that Bukele had been in discussions with Cardano folks in late 2020 and into early 2021... .. Holy fucking shit, that would have been a disaster if he would have gone with pumping up  that scam pyramid scheme Cardano bullshit....... part of the ethereum scam has persisted so long because so many corrupt status quo folks are pumping money into it so they can print their own money and make all kinds of free money.. so makes the crap live longer when it should just die from its own multiple house of card smoke and screen rube goldberg apparatuses.. so in some sense, the failure of the Cardano negotiations in early 2021 show Bukele to at least not susceptible to that kind of pumping some bags of scammers nonsense.

Few people know about these negotiations, and it's not that the media is too interested in it - I wonder if anyone ever mentioned on the forum that it happened. I don’t visit altcoins boards so I can’t say with certainty that’s not the case. It seems to me that Bukele accepted the proposal that promised him more (in every sense), and it is indisputable that the guys from the Tether team are much stronger players in financial terms.

Regarding how bitcoin has been implemented in El Salvador, we are lucky as fuck that there has been so much bitcoin focus within both how Bukele talks about the matter and he seems to have stayed true to his word.. and has not even come up with his own coin, yet (remember Miami coin?) .. and there seem to be quite a few instances in which Bukele has been rejecting various shitcoin propositions and/or other scammers.. remember when child star scammer Brock Pierce tried to get in on the early implementations, and so many true bitcoiners pointed out that Brock was an opportunist scammer.. so Bukele seemed to recognize/appreciate that information, too.. and did not allow Brock to get into his inner circles.. ...   so in quite a few ways, Bukele seems to be very aware of the difference between bitcoin and various shitcoins..

Bukele may not be 100% honest and sincere (like most politicians), but he is certainly not stupid to get into a game with a lower-level scammer or go to a one-way street called "El Salvador Coin". It's not problem (for me personally) that he accepted Bitcoin, but what's behind it all - because the people who worked to convince him that Bitocin is something better than altcoins are not the ones who believe in Bitcoin.

Could you imagine how much of a shitshow we would have had if Bukele did not have that level of bitcoin focus and conviction within his implementations.. and he would have been more of an "all coins are equal" cryptocurrency maximalist.. and foggy-ass ambiguous and muddled thinking like that?  By the way, Tether is not a shitcoin in the same light as various other shitcoins.. even though there are so many tendencies to throw Tether in the mix of supposed corruption.. blah blah blah nonsense..

Maybe Bukele would be more liked by the powers that be (especially the bankers) if he was into foggy thinking about equal opportunity all cryptos are alike and shitcoins.. hahahaha.

Tether is by definition stablecoin, but a lot of things are very non-transparent behind the company that created it, and which at one point publicly admitted that only 70% of USDT in the market is not backed with USD. The other 30% were reportedly backed up with something else, although they did not say exactly what. I’ve said before that stablecoins are the real Trojan horse that governments have when it comes to Bitcoin - given that most stablecoins can be frozen even in non-custodial wallets. If the Terra/Luna fiasco had a very negative effect on the crypto market, what would happen if one day serious investigations were launched against Bitfinex?

[philipma1957]

Yeah I lived here 30 years 1 earthquake.
I lived in New York City 30 years 1 earthquake
I lived in California 3 years 3 earthquake.

WoW!

30+30+3= 63 Years.

My mind poking me: Ask him how old is he. (LOL)

2022- 1957= 65

I spent 2 years of my Navy time on Westpac /Indian Ocean/Australia/Hawaii/Phillipines/Mauritius/Diego Garcia

[ImThour]

There is going to be strong movement this week, either up or down....and this will depend on tommorow.

*Whoever solves this #puzzle, could make alot of money from the price movement

Toss a coin, If Heads, It will go up. Else It goes down. This is what TA is for most of the people in here. Better find some other place to discuss this as they don't take it serious.

Who says this??? Don’t spread fake news here….

You can ask ChartBuddy. Hey buddy tell him…!!!

Glad you don't even know what TA Means. If you think ChartBuddy presents you a pie of TA, you better stop eating a pie.

[AnotherAlt]

WoW! Your voice is still heard so young (Judging from your YouTube video). I already guessed your age from your username after someone said you have already said it before. I thought only teenagers became Bitcoiners and most of the Bitcoiners were under 45y. I am glad to know that our community have a strong pillar like you. Long live Phillip M.A

[Copetech]

Yet another school shooting in USA. WTF America. Get your shit together.

If you changed your gun laws this shit would stop.


Or better yet you can change "right to bear arms" to "right to arm bears" and that would make the world a much more interesting place

I don't live in the USA so my opinion is not relevant to citizens and voters. If I could vote over there I would probably mostly lean republican but the gun stuff I do think should be tackled regardless.
I can see the right to bear arms as a touchy subject and outright banning will never work and I wouldn't quite agree with.

Regardless, many of these mass shooters recently are in the 18-25 age range.
Not sure the initial stuff we've heard about this loser is true but apparently he bought the semi automatics on his 18th birthday.

They should ban buying guns (and also ban voting!) for anyone younger than 25. In concession the dems should agree on required voter ID.


What they've done in Scotland allowing voting for 16 and 17 year olds is also sick in the head if you ask me.
I'd like to see the age of voting increased in the west. Sure, I also thought I knew everything at 18-19 but I clearly didn't.

Remember that the "news" is generally filled with sensationalism and clickbait generated by a faction of elitists with a clear agenda. There are thousands and thousands of untold stories of lives saved for every tragic event promoted by the MSM.

A key element often misunderstood by those not deeply acquainted with the nuance of 2nd amendment rights:
Laws only restrict those who abide by the law. In every instance, mass shooters are breaking the law. (Murder is in fact a Federal crime) The least of which being that in most cases their weapons are either illegally obtained or modified. Gun laws don't inhibit lawless monsters, they only restrict law abiding citizens in what they can do to protect themselves. But in all cases, a mass shooter is stopped instantly when they come to a good guy with a gun. There's a reason why a great majority of these events occur in "gun-free zones". Lunatics on a murder rampage, looking for their 15 minutes of fame, really don't want to take a chance on having a gun pointed at them before they get started good.

[hisslyness]

There is going to be strong movement this week, either up or down....and this will depend on tommorow.

*Whoever solves this #puzzle, could make alot of money from the price movement

Toss a coin, If Heads, It will go up. Else It goes down. This is what TA is for most of the people in here. Better find some other place to discuss this as they don't take it serious.

Who says this??? Don’t spread fake news here….

You can ask ChartBuddy. Hey buddy tell him…!!!

Glad you don't even know what TA Means. If you think ChartBuddy presents you a pie of TA, you better stop eating a pie.

Welcome to the Double Digit Bitcoin club! You are part of the double digit bitcoin club now?...

So you've bought 10, 20, 30 or 100 Bitcoins? You did go all in right? I mean with your superior TA skills and all... I hope you borrowed and max out all credit cards to #BTFD!