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

[ChartBuddy]

Explanation

[Franctoshi]

https://twitter.com/Cointelegraph/status/1539635575602429952?t=Gqt6N7hS2FY69X7VzjMdAw&s=19

SEC commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. https://t.co/tdwYU905Z8


I support you Hester Peirce #Bitcoin doesn't need there bailout funds to bounce back, for this isn't the first we're having a down time and the market later bounced back without you guys bailout funds.
Therefore neither do we need it this time.

[sirazimuth]

Who keeps deleting WO posts?  Things are jumping around—again and again.  At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.

Well, I'd venture to guess we could have page parity in one easy step.
....Just delete all your blah blah blah posts.... Win, win....

[cygan]

[ImThour]

Who keeps deleting WO posts?  Things are jumping around—again and again.  At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.

Well, I'd venture to guess we could have page parity in one easy step.
....Just delete all your blah blah blah posts.... Win, win....

Indeed, that sounds like a good plan. Imagine having 2 JJG's on one single thread. Surely WO can't handle this much stress test.

[death_wish]

The Apocalypse is nigh.  Rivers turn to blood.  Quantum superimpositions threaten our bits.  I agree firmly with an SEC commissioner on a “crypto” issue.

@SBF_FTX, where is *my* bailout?  Will you refund to me my lost Bitcoin, plus all of the altcoins I wasted struggling to save it?

#moralhazard

“The Times Jun/2022 @SBF_FTX on brink of second bailout for scams, Ponzis, and bad business models”

https://twitter.com/Cointelegraph/status/1539635575602429952?t=Gqt6N7hS2FY69X7VzjMdAw&s=19

SEC commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. https://t.co/tdwYU905Z8

https://nitter.net/Cointelegraph/status/1539635575602429952?t=Gqt6N7hS2FY69X7VzjMdAw&s=19
Links to:

SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo

[...]

The commissioner made it clear that she did not support bailouts for anyone in the crypto industry, particularly those that mismanaged risk and became over-leveraged.

[...]

Crypto whales to the rescue

FTX and Alameda Research founder Sam Bankman-Fried is taking a different approach and has been stepping in to rescue crypto companies struggling due to the market crash.

On Tuesday, Bankman-Fried informed his 706,900 Twitter followers that he and FTX will be injecting $250 million into BlockFi through a revolving credit facility to bolster its balance sheets and strengthen the platform.

[...list of more SBF/FTX/Alameda Research bailouts of failing companies...]

In an interview with Bloomberg on Wednesday, Anthony Scaramucci, founder of SkyBridge Capital, called the FTX CEO the “new John Pierpont Morgan,” in reference to the Wall Street financial baron who pledged his own money and convinced others to do the same to shore up the banking system during the 1907 Bankers’ Panic:

“He is bailing out cryptocurrency markets the way the original J.P. Morgan did after the crisis of 1907.”

Oh, fork.  That road led soon in 1913 to the Federal Reserve Act.

I support you Hester Peirce #Bitcoin doesn't need there bailout funds to bounce back, for this isn't the first we're having a down time and the market later bounced back without you guys bailout funds.
Therefore neither do we need it this time.

Not only is it not needed:  It practically guarantees worse in the future.

#moralhazard

[ChartBuddy]

Explanation

[Biodom]

Bugs that are the size of a Fingernail today would be the size of your Palm or even bigger in the Cretaceous era..

I thought it (high oxygen) was during Carboniferous about 300 mil years ago.
Cretaceous is when oxygen level was only 10-15%, apparently.
Cretaceous was suspected for high oxygen before, but now evidence points in other direction.
https://www.sciencedaily.com/releases/2013/11/131118081043.htm

also confirmed in:
https://en.wikipedia.org/wiki/Geological_history_of_oxygen

Overall, I have to say that there was a lot of contradiction in data before 2016.

[Ramiza]

Most likely we're going to consolidate in the $20K region for a while, and maybe get a relief bounce; but the overall crypto market is losing liquidity every single day.

While Sam at FTX may have saved a couple institutions from failing (which is unethical, im my opinion), by loaning them HUNDREDS of BILLIONS of dollars - thats only 2 out of the dozens of big players who are at risk of failing & dumping the BTC price lower.
https://youtu.be/l0On0QabigY

[eXPHorizon]

Bugs that are the size of a Fingernail today would be the size of your Palm or even bigger in the Cretaceous era..

I thought it (high oxygen) was during Carboniferous about 300 mil years ago.
Cretaceous is when oxygen level was only 10-15%, apparently.
Cretaceous was suspected for high oxygen before, but now evidence points in other direction.
https://www.sciencedaily.com/releases/2013/11/131118081043.htm

also confirmed in:
https://en.wikipedia.org/wiki/Geological_history_of_oxygen

Overall, I have to say that there was a lot of contradiction in data before 2016.

Indeed the Bugs in the great Carboniferious era were massive. However the Insects and Arthropods were huge in Cretaceous era as well. Like : Meganeuropsis Permiana


Which went extinct as soon birds came into existence.. It is just that Cretaceous era is mentioned a lot more since it probably had a wide variety of Life

However all beautiful creations of Life

[ChartBuddy]

Explanation

[OutOfMemory]

Who keeps deleting WO posts?  Things are jumping around—again and again.  At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.

Well, I'd venture to guess we could have page parity in one easy step.
....Just delete all your blah blah blah posts.... Win, win....

Indeed, that sounds like a good plan. Imagine having 2 JJG's on one single thread. Surely WO can't handle this much stress test.

I sense sarcasm, and i am fairly good at using, but bad at recognizing it.
Whatever, have my two cents:

I'd rather have to read or scroll through discussions between three JJG's than the nonsense that permabears, beggars, attention whores and toxic morons leave in this thread.
It's easy and quick to check a JJG-sized post for interesting information and scroll through it if not satisfied, while it's a nightmare to scroll through many one-liners of nonsense or brainless rants, even if they show in the form of "This User is on your ignore list" maskings. I respect JJG and death_wish for being serious about their opinions, and i share their (obvious) favor for detail. That's much better than those testosterone-laden posting catfights.

Don't you agree?

EDIT: I don't use ignore lists for a reason. Freedom of speech.

 

[Biodom]

I was reading yesterday a couple of papers about animal sizes and it is quite amazing how the size of the same species, apparently, changes during time: almost by a factor of 2X or more. Small size usually correlates with higher temperatures and/or stress in the environment.

I also remember seeing a medieval adult armor in some museum (the argument would be that there was a lot of stress and less nutrition, probably, back then). It looked to fit to a current teen, no more than that.

Therefore, humans might "shrink" as well going forward IF temperatures would be rising (or some stress ensues).

As far as bitcoin is concerned, I still think that we would be mildly positive in the next 3-4 wks if no sudden bankruptcies happen.

[death_wish]

From January 2018, deserves credit:



Any earlier visual manifestations of this meme?  Though I don’t think anyone was talking about $100k before the 2017 rise and subsequent crash.  Well, not seriously—not non-marginally, in the sense of “you can say this in polite company without looking ridiculous”.  There have always been people who expected, or said that they expected what most others see as wildly outlandish numbers.  Still are.  A few may be visionaries, but most are sleazy attention-seekers.  That’s why McAfee did his showmanship with his infamous promise about $1 million.

Too bad the $100k number in the last panel has not changed in >4 years.

[ChartBuddy]

Explanation

[death_wish]

Retesting $20k (slightly under now).  (12 hours ago.)

[JayJuanGee]

I think that Jay and I can probably more or less agree that you have overconfidence in your predictive abilities.  (To put the matter “diplomatically”.)

And I think that all of us can more or less agree that you are the mindrust for this season.

When Mindrust "mindrusted", he quietly left the WO thread.

But this new troll death_wish just never shuts the fuck up, spewing walls of garbage and nonsense.

Part of the issue also seems to be that he came into the thread with a seemingly specific purpose of mindrusting.. so I find that somewhat problematic.. even though he does make some decent points from time to time, you just have to sort through them.. so there seems to be a tendency for some of the misleading kinds of information and conclusions (or is it action points?) to be intertwined with the good ones.. so some folks might find it too cumbersome to sort through..  that's one of the senses that I am getting.

If insects were 2+ meters tall, we'd have to worry about them eating us.

They are tough and fast little fuckers.

I can hardly imagine... and I am thinking that 1/2 a meter tall insect may well be quite a challenge for us if we were confronted with insects that were that BIG....

I was walking today on a not very well lit city street and a loose dog (maybe about 30kg/66 lbs and maybe a little over 1/2 meter tall) was really aggressive towards me... ..I think that I was looking at my phone while walking when that doggie first came charging at me, and surely it was a good thing that the dog was barking while it was running at me.. ..so it gave me notice of its approach.. and my learned response is to attempt to look must as mean as the dog (not to run, of course).. So, I kind of got the dog to stay back with my counter aggressiveness of just trying to look BIG, but that dog was not inclined to give up, so I could not really continue to walk, because every time I turned my back, that would be a signal for the dog to come back at me from the back.

Anyhow after a couple of minutes, the dog ended up staying back, yet if that dog really went at me, I would have troubles.. especially in the dark.. and I would not want to lose my footing...

If insects were not afraid of us, and a similar size to that dog.. holy fucking shit. they  are way faster than dogs.. relatively speaking.. and they likely would have no possible compassion towards people way more ruthless than a mean dog.;. we would need to go walking with guns for sure... and maybe that would not even be enough?

JJG is a veteran while death_wish is a newcomer

It's JJG himself on his alt....

Does not matter... what matters is who stays till the last... I have seen many comes and goes nullis one example... but JJG rocks.

Aw shucks. I am blushing.

JJG is a veteran while death_wish is a newcomer

It's JJG himself on his alt....

I admit ImThour’s allegation that “death_wish” is an alt of JayJuanGee.

This one and only violation of my general policy is either my sarcastic way of thanking Jay for his public speculation on my identity, or reverse psychology to fool people into believing that “JayJuanGee” isn’t really my alt.  Damn it!  ImThour must be a genius to penetrate my disguise.

ImThour has some hidden talents.  I am not sure if "we" would want to invite him to reveal more of those (aka keep them hidden - to the extent that they even exist   ).  He's a threat to the sustainability (solvency); (integrity) of this thread.  #justsaying.

[death_wish]

based on some of your other purported circumstances including that you are otherwise starving and other bullshit like that,

I am thereupon uninterested in further discussion with you.  I reply hereby only for the record, on some points I wish to set straight:

If you do not want an answer that addresses your question, then why are you asking it..
[...]
You asked me if I though that you were over invested or not... several times.

Context:  My question was rhetorical.  I was not seeking your analysis or advice.  My point was clear; the problem is not in my statement thereof.

You have been speaking to me as if I have too little BTC to care.  I have read many of your posts before.  By all advice that I have ever seen you give to anyone, I am currently overinvested in Bitcoin—overexposed, with too much skin in the game—and yet, you treat me as if I don’t care about Bitcoin because I lack sufficient “stake”.

Where I now stand with BTC—for the moment:

Yes, I have very little BTC left.  But it is a large proportion of my dollhouse-sized remaining finances.  For he who has little, a pauper’s scraps are precious as a king’s fortune.  My little itty-bitty bitcoins mean the world to me.

I obviously do not intend to let my BTC level remain so low!  It is a bit difficult to increase it, when I currently have $0.28 USDT available purchase funds, effectively zero cash flow, and too much time spent posting here.  In the due course of time, I have confidence that I will recuperate financially.  I reasonably expect for it to require considerable patience and effort.

You have a tendency to take matters personally.
[...]
Your ideas are not only dumb.. but frequently they are emotional too... ..

It is slippery of you to hurl numerous unnecessarily personal negative remarks at me, sometimes laced with profanities, and then accuse me of “a tendency to take matters personally”.

My ideas are indeed oftentimes emotional.  I am passionate about Bitcoin.  I know that it sometimes leads me to make economically irrational decisions, which have ironically resulted in my having much less BTC.  But all in all, I don’t think that being passionate about Bitcoin is a bad thing.

Yeah. sometimes I say dumb things too.. Once in a while.. Maybe three times in total?

That accounting is like proudhon’s valuation of BTC.  If the natural maximum price of BTC is $100, and it must return to that price, then I guess you have said a total of three dumb things.


The foregoing was prepared earlier.

Part of the issue also seems to be that he came into the thread with a seemingly specific purpose of mindrusting..

I should not have held it.

[ChartBuddy]

Explanation

[Krubster]

Most likely we're going to consolidate in the $20K region for a while, and maybe get a relief bounce; but the overall crypto market is losing liquidity every single day.

While Sam at FTX may have saved a couple institutions from failing (which is unethical, im my opinion), by loaning them HUNDREDS of BILLIONS of dollars - thats only 2 out of the dozens of big players who are at risk of failing & dumping the BTC price lower.
https://youtu.be/l0On0QabigY

Welcome to the WO. I have never really liked SBF. Sure, he's a brilliant mind, but him and his trading firm Alameda Research has done more harm than good to bitcoin. He's far from a bitcoin maxi.