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

[OutOfMemory]

Canada PM Justin Trudeau: "Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership."

But insane money printing is, right?


Source: https://twitter.com/BitcoinMagazine/status/1570159425603747840

You have to know (you possibly do already) that many people classify such statements as "true", but in reality, it's just an expression of opinion.
The opinion tells people nothing about the motif. Trudeau is not dumb (yeah, that's also just an opinion, i admit), so chances are high that there is certain motif behind a statement like this. To be honest, she only shows one side of the sheet, something completely opposite (like "printing money is insane, though") may be written on the other side, which he doesn't mention, so he leaves room for interpretation. This is a part of some kinf of message control, which is to be regarded as indirect manipulation.
Most people are soo easy to manipulate. You can safely consider 80% of people being sheeple, which are favoured recipients for such statements, because peeps like Trudeau can predict their reaction. This is just a simpe layout, because he would not be adressing one type of recpient (the "ordinary" voter), but sending signals to various lobbies and interest groups. You can safely suggest that almost everything he says was predefined by a team of communication experts, by who he is also being coached how to speak to "the public" to send a "secret" message along, which influences the receiving crowd in a way they would think the resulting opinion is coming from themselves.
Well, it is not. This is what sheeple usually do, and "leaders" like Trudeau are well educated on how to exploit it.

Politicians are like sales people. Treating them like such would help a bit to make the world "better", i guess.

She covered for her son Andy and the sex scandal so I don't mourn for her. I for one would like to see the rolling trifecta happen Clinton, Trump and Prince Andrew all serving jail for pedo crimes.  But BTC would more likely go to 300k by Jan 1 2023 than those three serving any time.

Don't jinx it  

Never-before-seen footage of Vitalik participating in ethereum's final Proof-of-Stake test.

You mean Vitalik is the assaulting one, while the living crash test dummy is the staker?  

[OutOfMemory]

China is back among the top 10 Bitcoin and crypto-using countries despite the ban.
We know that China is a big country and everyone uses crypto currency in this country. But suddenly the government of China banned the use of crypto currency in its country. In this way, the government has banned the use of crypto currency in the 9 largest countries. But the Chinese government legalized the use of cryptocurrency or Bitcoin again.

Where did you find this news mate?
I haven't even read news like that right now but news about a report in South Korea that will arrest Terraform Labs Chief Executive Officer Do Kwon and five other people whose arrests have warrants from the local prosecutors. Source: https://news.bitcoin.com/report-south-korean-prosecutors-issue-arrest-warrant-for-terraform-labs-ceo-do-kwon/

So I want to know from which source did you get the news about the Chinese government which has again legalized the use of cryptocurrency or Bitcoin there. And I also want to know what the usage and legalization includes for there?

You can find out from here.
Source: https://twitter.com/BitcoinMagazine/status/1570020225822916608

Please add source links to statements, from now on.

Every
Fucking
Time

(saves a lot of our's and yours a lot of disrespect)

 

[ChartBuddy]

Explanation

[heslo]

https://mobile.twitter.com/VitalikButerin/status/1570299062800510976

Wait wait wait vitalik is saying something.

Listen.

What utter nonsense. Most of those miners will just switch their GPUs to different coins so no, there won't be a 0.2% in electricity reduction and I doubt that figure is that large to begin with anyway

[JayJuanGee]

take your fucking shitcoin scams somewhere else

Whoops.. I accidentally merited that.. and now I am struggling to figure out how such post might not convolute the ideas of shitcoins with my lil precious..  

After the announcement of the data in the US, the downward decline started yesterday, rejected at 22 thousand 800 dollars. It is not difficult to think that it will test 17 thousand 800-odd dollars from here. If worse news comes, it seems like we will continue towards 13 thousand dollars. We are below 20 thousand dollars. It is very likely that we will see another case of decline in the near future.

maybe or maybe NOT...like guessing based on tea leaves.

It sounds worse than guessing to me.  He's describing a scenario that likely has less than 50% odds of happening.. I am not very sure of what a fair assignment of odds would be, but the way that execijutiere is framing the matter is given way too much weight to his projected scenario and suggesting that the odds are pretty high.  

What do you think execijutiere?  

over or under 70% odds for your outlined scenario?  Do you want to bet your odds?

Go ahead.. give us some conviction regarding how high of odds you would like to give to your scenario, and let's try to figure out if your scenario is "bettable?"

China is back among the top 10 Bitcoin and crypto-using countries despite the ban.
We know that China is a big country and everyone uses crypto currency in this country. But suddenly the government of China banned the use of crypto currency in its country. In this way, the government has banned the use of crypto currency in the 9 largest countries. But the Chinese government legalized the use of cryptocurrency or Bitcoin again.

Oh?  You know how to speak, Cryptolove20015?

¡¡¡¡Qué Sorpresa!!!!  

These are your own words Cryptolove20015.. or did you take them from somewhere else?

Also where is your evidence to show that "China is back among the top 10"?  Do you have any links to sources?

China is back among the top 10 Bitcoin and crypto-using countries despite the ban.
We know that China is a big country and everyone uses crypto currency in this country. But suddenly the government of China banned the use of crypto currency in its country. In this way, the government has banned the use of crypto currency in the 9 largest countries. But the Chinese government legalized the use of cryptocurrency or Bitcoin again.

Where did you find this news mate?
I haven't even read news like that right now but news about a report in South Korea that will arrest Terraform Labs Chief Executive Officer Do Kwon and five other people whose arrests have warrants from the local prosecutors. Source: https://news.bitcoin.com/report-south-korean-prosecutors-issue-arrest-warrant-for-terraform-labs-ceo-do-kwon/

So I want to know from which source did you get the news about the Chinese government which has again legalized the use of cryptocurrency or Bitcoin there. And I also want to know what the usage and legalization includes for there?

You can find out from here.
Source: https://twitter.com/BitcoinMagazine/status/1570020225822916608

Ooooooo

You do have a link to the underlying...   And you know how to speak too..

GREAT.  great..

[ChartBuddy]

Explanation

[moneystery]

Where did you find this news mate?
I haven't even read news like that right now but news about a report in South Korea that will arrest Terraform Labs Chief Executive Officer Do Kwon and five other people whose arrests have warrants from the local prosecutors. Source: https://news.bitcoin.com/report-south-korean-prosecutors-issue-arrest-warrant-for-terraform-labs-ceo-do-kwon/

This is very good news, someone should be responsible for the LUNA case and I see that Do Kwon and his team doesn't really care about that, even though he and his team should have been jailed for causing massive losses to many investors. good job for official south korea

[OutOfMemory]

Is it just me or has Resistance remarkably weakened?
Bulltrap incoming?
Pump incoming?
Antoher round of long liquidations?

Hard to judge, in this crazy market era  

[ChartBuddy]

Explanation

[nutildah]

Is it just me or has Resistance remarkably weakened?
Bulltrap incoming?
Pump incoming?
Antoher round of long liquidations?

Hard to judge, in this crazy market era  

The hard to judge part is quite true.

My instinct tells me, barring unforeseen macro-weirdness, the bottom is well in and we will only improve from hereon out.

The reason for my optimism is as simple as Wall Street traders returning from summer vacation and Labor Day celebrations. We are absolutely tied to Wall Street at the hip. I just don't see stocks falling much farther from here... maybe sideways for a continued while, at worst.

Of course there's always the chance I'm wrong.

One thing I know for sure is that those who make these types of forecasts with certainty are bullshitters.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gachapin]

https://mobile.twitter.com/VitalikButerin/status/1570299062800510976

Wait wait wait vitalik is saying something.

Listen.

What utter nonsense. Most of those miners will just switch their GPUs to different coins so no, there won't be a 0.2% in electricity reduction and I doubt that figure is that large to begin with anyway

so obvious what a lying POS that guy is...

...but people still follow him like sheep  ...just like Faketoshi^TM


would love to see them both as opponents in a cage fight  

ETH = POS = piece of shit

[Gachapin]

Vitalik's BetaBoys

[ChartBuddy]

Explanation

[Franctoshi]

Bitcoin / US. Dollar Index.

This indicates that Bitcoin is about to enter a massive Bull run, we are once again at the zone.




💥BREAKING: Chinese court rules #Bitcoin and crypto trading legal, but not for payments.

https://twitter.com/BTC_Archive/status/1570362589955379202?t=Ck76it8vCfH3FMRUJm3n9A&s=09

[ChartBuddy]

Explanation

[OutOfMemory]

Fun story written by life:

Today i got to dip my toes into a situation like "getting rekt".
Some of you might remember i was on vacation a few weeks ago. What i did, like every time when i leave the house for more than a day, i moved my hardware wallet out of the building and hid it, along with various obfuscated forms of passphrases and seed word lists. Those who know me from here for longer will not be surprised that i totally forgot about this, initiated a small transaction in the ledger frontend today, and as prompted to connect the thing, i went for the usual place i store my ledger in.

Me:
Also me: Fuck! I guess i have left the stick somewhere, the kids were playing with it until they dropped it somewhere and my beloved wife threw it away, in belief that it's a stupid toy radio or whatever.
Me, after a while of searching: Hey, at least i got the seed words, time to take and use them...
Me, again: Fuck!
There were no seed lists anymore.

I can't describe how exactly i felt like in this moment and in the following 25 minutes, which were probably some less, but time was like standing still. I kept looking for the thing, constantly switching mood between desperation and hope.

About half an hour later i remembered my old habit of moving important stuff out of the house, made plans to lay out the most likely places to search in, and not even 20 minutes later i found the seedwords and ledger again.

As funny as it may sound, i was quite frightened (and also sweaty) until i found the stuff again.

[Gachapin]

Fun story written by life:

Today i got to dip my toes into a situation like "getting rekt".
Some of you might remember i was on vacation a few weeks ago. What i did, like every time when i leave the house for more than a day, i moved my hardware wallet out of the building and hid it, along with various obfuscated forms of passphrases and seed word lists. Those who know me from here for longer will not be surprised that i totally forgot about this, initiated a small transaction in the ledger frontend today, and as prompted to connect the thing, i went for the usual place i store my ledger in.

Me:
Also me: Fuck! I guess i have left the stick somewhere, the kids were playing with it until they dropped it somewhere and my beloved wife threw it away, in belief that it's a stupid toy radio or whatever.
Me, after a while of searching: Hey, at least i got the seed words, time to take and use them...
Me, again: Fuck!
There were no seed lists anymore.

I can't describe how exactly i felt like in this moment and in the following 25 minutes, which were probably some less, but time was like standing still.

About half an hour later i remembered my old habit of moving important stuff out of the house, made plans to lay out the most likely places to search in, and not even 20 minutes later i found the seedwords and ledger again.

As funny as it may sound, i was quite frightened (and also sweaty) until i found the stuff again.

maybe consider using shamir backup..

[Crypt0S0ul]

https://mobile.twitter.com/VitalikButerin/status/1570299062800510976

Wait wait wait vitalik is saying something.

Listen.

What utter nonsense. Most of those miners will just switch their GPUs to different coins so no, there won't be a 0.2% in electricity reduction and I doubt that figure is that large to begin with anyway

Right. The power consumption depends on What Card you are mining on and what algorithm you are mining.
For Most of the AMD Cards, The most profitable algorithm is kawpaw at this moment which consumes 30.76% more electricity than Ethash.
So, If GPU miners move to kawpaw algorithm. It will increase power consumption.