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

[ChartBuddy]

Explanation

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[AnotherAlt]

Miami Mayor Francis Suarez said he’s still taking his city salary in Bitcoin even after a rout that sent the cryptocurrency down almost 40% over the past two months.

Source: https://www.bloomberg.com/news/articles/2022-05-24/miami-mayor-suarez-tells-davos-he-still-takes-salary-in-bitcoin

[ChartBuddy]

Explanation

[goldkingcoiner]

GM  
Got lots of private trouble lately, i'm still backreading WO, and it's not quite one of the times of high posting frequency.
No trouble with the wife, who is about the only supportive person around.
Looked up my vaccinations and i did get smallpox vaxx as a child, so i'm kinda in "pass on the next pandemic" mode, which is fine.
Spotting some articles lately, all in the likes of "Bitcoin proves its uselessness by dumping" (not pointing out all the shitcoins dumping way moar), so i can easily pass on reading them, too.
And no i didn't sell, so i'm not going to win the "next mindrust" medal  

Life is too short to not laugh enough, guys!
#HODL_ON

Oh no, hope things start picking up for you soon!

I wish people understood that Altcoin are both adding the largest amounts to each volatile swing of Bitcoin. Bitcoin price volatility has nothing to do with the investment security of Bitcoin in the first place! I rather see it as chances to buy Bitcoin at a lower price, thanks to Altcoin dumps. So you know what, I say thank you very much to Altcoins!

However trusting Altcoins altogether as an investment has to be considered carefully before losing your money. Here is some investment advice for free: Don't lose your money.

I am a university educated physicist and I still fall for random conspiracy's. We're only human.

I am scarred by JJG; He will pop up with millions of words saying it's a WO BTC thread and why do you post shit?

Never heard of her

I am not sure if JayJuanGee is she or he. Have you never heard of JJG?

JJG? Definitely a she. No man would or ever could write entire novels just to complain about another man's almost unnoticable mistakes. But we love her.

[philipma1957]

Miami Mayor Francis Suarez said he’s still taking his city salary in Bitcoin even after a rout that sent the cryptocurrency down almost 40% over the past two months.

Source: https://www.bloomberg.com/news/articles/2022-05-24/miami-mayor-suarez-tells-davos-he-still-takes-salary-in-bitcoin

dca to the max, smart mayor he now has a 100% raise

[Torque]

The next 48 hours are critical....for the stonk market.

Watch the S&P 500, must stay above and bounce away from 3837 this week. If not and that level is breached, more DOWNity for stonks.

I don't think Bitcoin will be affected much tho. Don't see much more down for bitcoin. The scammers forced selling of tens of thousands of btc from weak hands to strong, and they don't have that much supply left below this price level.

And just like magic, the S&P 500 levitated away from 3837.

Stonks bear market postponed.

You can thank the Fed put.

[Torque]

Glad I stuck with BTC.
If you had believed any of these shouty loud mouthed YouTubers over the last 2 years during the bullrun even for just 1% you would have transferred BTC to any shitcoin or NFT that is now taking a big assed dumperoodoo.

It's crazy because out of the ones I've seen only Pomp is a full BTC maximalist.
Many others have interviewed Michael Saylor who keeps saying shitcoins are just crap yet they don't follow his advice even after 3 hour interviews.
OR they are clearly in on the scam of many of these nonsense tokens and coins.

And this is going to keep happening over and over again every Bitcoin bull run.

Every cycle, there will always be new scams. There will always be new shitcoins. There will always be a new "crypto narrative". There will always be new prominent "Crypto saviors and evangelists".

I guess they'll keep running this game over and over if it works...until it doesn't work anymore.

Because greed, and suckers are born every minute.

[ChartBuddy]

Explanation

[xhomerx10]

Lots of people live quiet lives of desperation (i heard that somewhere before?).

Pink Floyd 'Time'
https://www.youtube.com/watch?v=A7pI96Osp9c
5:56

 That's a bastardized version of what Henry David Thoreau wrote in "Walden".

 A few years back I had planned to visit Walden pond where he sequestered himself for a couple of years on Emerson's property but I found out that the cabin he built for himself had been dismantled and while a replica had been built by local artisans, it wasn't in the original location... well, that and the fact that nobody else who was with me was interested in going half an hour out of our way to see it.  I was trying to simplify, simplify, simplify and instead I found myself at yet another fancy mall browsing overpriced stuff and dining at the Cheesecake factory.  Oh well, at least I found Bitcoin.

 I may have mentioned this before but my favourite Thoreau quote is:

 Live your life, do your work, then take your hat.  

[philipma1957]

Glad I stuck with BTC.
If you had believed any of these shouty loud mouthed YouTubers over the last 2 years during the bullrun even for just 1% you would have transferred BTC to any shitcoin or NFT that is now taking a big assed dumperoodoo.

It's crazy because out of the ones I've seen only Pomp is a full BTC maximalist.
Many others have interviewed Michael Saylor who keeps saying shitcoins are just crap yet they don't follow his advice even after 3 hour interviews.
OR they are clearly in on the scam of many of these nonsense tokens and coins.

And this is going to keep happening over and over again every Bitcoin bull run.

Every cycle, there will always be new scams. There will always be new shitcoins. There will always be a new "crypto narrative". There will always be new prominent "Crypto saviors and evangelists".

I guess they'll keep running this game over and over if it works...until it doesn't work anymore.

Because greed, and suckers are born every minute.

Yeah very few coins other than btc have real structure behind them.

Maybe a dozen. Since there are more than 2000 of them it means over 99 % of coins are garbage scams.


At homerx I like the quote.

back to shit coins. mr v is heading towards a major crash 💥 it will stagger the market bigly. and btc will go over 55% market by august or not.

[Next-door]

Bitcoin Market News

Source : https://twitter.com/BTCTN/status/1530187318841298945?t=w78aSnvYQf6tlYy-5DFWuQ&s=19

[Next-door]

✨ Hal arguing for #Bitcoin over gold, 22 years ago

- RIZZO

Source: https://twitter.com/pete_rizzo_/status/1529826429940252672

[ChartBuddy]

Explanation

[empowering]

https://www.nasdaq.com/articles/the-tokenization-of-the-world-starts-now

Everything is going to become tokenised imo...


I am personally here for it.


Would be nice if they could dismantle the stockmarket/shares as we know it today, remove all the middlemen and democratise access ....


It might be just a dream, but it would be a good imo.


....is this the same thing as BTC ? NO ! , I do not believe anyone thinks so, and I do not think anyone should be confused by the two. Only BTC is BTC, and only BTC can be taken seriously for doing what it does out of ALL of the cryptocurrencies... it has won the race, and likely that will never change, least not for a long long long time.


.... will this "tokenisation of everything" look like "shitcoins" today ? I hope not.


..... a man can dream.


.... things do not stay the same...... just think, once upon a time, BTC did not even exist.....now look at it.


.... I personally hope to see , what we now call "shitcoins" to flourish, to innovate, and to fix problems that exists in the world... completely different problems that BTC solves, and has no intention of solving. (like replacing the stock market, this is not something that "BTC solves" it does not want to solve, and it has nothing to do with BTC)



.....Rome was not built in a day.






 

[Franctoshi]

Heard about FTX adding stock to their platform anytime soon.
This is actually the begining of fourth industrial revolution where Bitcoin will be used to pay Robots.
Finally Bitcoin will be the father of all when this is done.

[Gachapin]

https://www.nasdaq.com/articles/the-tokenization-of-the-world-starts-now

Everything is going to become tokenised imo......


I am personally here for it.

Would be nice if they could dismantle the stockmarket/shares as we know it today, remove all the middlemen and democratise access ....

It might be just a dream, but it would be a good imo.

....is this the same thing as BTC ? NO ! , I do not believe anyone thinks so, and I do not think anyone should be confused by the two. Only BTC is BTC, and only BTC can be taken seriously for doing what it does out of ALL of the cryptocurrencies... it has won the race, and likely that will never change, least not for a long long long time.

.... will this "tokenisation of everything" look like "shitcoins" today ? I hope not.

..... a man can dream.

.... things do not stay the same...... just think, once upon a time, BTC did not even exist.....now look at it

.... I personally hope to see , what we now call "shitcoins" to flourish, to innovate, and to fix problems that exists in the world... completely different problems that BTC solves, and has no intention of solving. (like replacing the stock market, this is not something that "BTC solves" it does not want to solve, and it has nothing to do with BTC)

.....Rome was not built in a day.

Yes, "Everything is going to become tokenised"..

And yes, some shitcoins can indeed serve as a kind of testnet in the beginning.
 
But in the end these shitcoins won't be needed for most applications.

Why?
Because with BTC we have the strongest base layer that ever existed. It can and will be the security backbone of all kind of 2nd and 3rd layer chains providing the services needed.

[empowering]

https://www.nasdaq.com/articles/the-tokenization-of-the-world-starts-now

Everything is going to become tokenised imo......


I am personally here for it.

Would be nice if they could dismantle the stockmarket/shares as we know it today, remove all the middlemen and democratise access ....

It might be just a dream, but it would be a good imo.

....is this the same thing as BTC ? NO ! , I do not believe anyone thinks so, and I do not think anyone should be confused by the two. Only BTC is BTC, and only BTC can be taken seriously for doing what it does out of ALL of the cryptocurrencies... it has won the race, and likely that will never change, least not for a long long long time.

.... will this "tokenisation of everything" look like "shitcoins" today ? I hope not.

..... a man can dream.

.... things do not stay the same...... just think, once upon a time, BTC did not even exist.....now look at it

.... I personally hope to see , what we now call "shitcoins" to flourish, to innovate, and to fix problems that exists in the world... completely different problems that BTC solves, and has no intention of solving. (like replacing the stock market, this is not something that "BTC solves" it does not want to solve, and it has nothing to do with BTC)

.....Rome was not built in a day.

Yes, "Everything is going to become tokenised"..

And yes, some shitcoins can indeed serve as a kind of testnet in the beginning.
 
But in the end these shitcoins won't be needed for most applications.

Why?
Because with BTC we have the strongest base layer that ever existed. It can and will be the security backbone of all kind of 2nd and 3rd layer chains providing the services needed.

Not arguing about base layer etc , I just see that "tokens" will replace things like shares. Does this tick the box of what is considered a "cryptocurrency" no and in most cases won't.


Yep. It is not just tokenisation that will need to happen, but also all the infrastructure to facilitate it.

Will there be massive regulatory hurdles along the way, no doubt.

Again, it is not the same as BTC, not even trying to be.

Will there be tokens with utility, maybe....  things change.

[ChartBuddy]

Explanation

[jojo69]

Coinbase as the Amazon of Crypto

A bald and slightly malevolent CEO isn’t the only common factor between the behemoths of Crypto and Consumer Goods.

[Biodom]

The next 48 hours are critical....for the stonk market.

Watch the S&P 500, must stay above and bounce away from 3837 this week. If not and that level is breached, more DOWNity for stonks.

I don't think Bitcoin will be affected much tho. Don't see much more down for bitcoin. The scammers forced selling of tens of thousands of btc from weak hands to strong, and they don't have that much supply left below this price level.

And just like magic, the S&P 500 levitated away from 3837.

Stonks bear market postponed.

You can thank the Fed put.

yea, those SPY calls are working really well, already more than doubled, so I took 50% off, now playing with the "house" money until July 15.
@jojo69 heck, maybe Coinbase (COIN) is not a bad bet either if you slide in slowly (between today's $74 and $50 low, which was 89% down from the top).