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

[Gachapin]

popcorn time


Ether’s New ‘Staking’ Model Could Draw SEC Attention
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224

Securities and Exchange Commission Chairman Gary Gensler said that cryptocurrencies and intermediaries that allow holders to ‘stake’ their coins might pass a key test used by courts to determine whether an asset is a security.

[1714975896]

1714975896

[1714975896]

1714975896

[ChartBuddy]

Explanation

[Biodom]

Partially OT...although I traded VB coin when it was profitable to do in the past, over the last 3-4 years I gravitated more and more toward an opinion similar to philipma's:
VB coin turned out into an abomination (maybe it always was  ).
I honestly don't see how it can succeed long term when there is no 'independence' mechanism there whatsoever.
They can turn and twist their tokenomics any way they can and NOW Gary is chiming in with this snippet:
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224

TL;DR securitaa...securitaaaaa..

Not sure what would happen with it's POW offshoot (that is coming tomorrow). Could be a gimmick or could provide a valuable lesson.

IMHO, there is NO difference between fiat and POS VB coin..not even now, but most certainly not in the future.

It all is up to bitcoin and if it fails (which I doubt), then it's all just history and we would be back to square one or worse, essentially.

All pos coins are worse than fiat.

they are essentially unregulated bonds.

which is worse than fiat.


back to btc
can’t see an end to the end around us fed is doing with usa i bonds.

all stable coins pegged to the us dollar are complete shit when compared to a usa I bond.

every year 330 million people are allowed to buy 3.3 trillion dollars in I bonds.

I bonds are pegged with perfection to the us dollar.

thus all usd pegged  stable coins are under constant pressure from I bonds.

Since inflation did not drop and the new I bond number comes out on oct 1 it will be high again this means huge pressure against all stable coins pegged to the usd.

since a lot of btc is purchased with exchange held stable coins which are a little more liquid then I bonds

When and If someone is faced with keeping 10000 in a stable coin waiting to get btc or fuck it just buy 10 x 1000 I bonds I am thinking a lot of money is flowing into I bonds. hurting btc purchases.

I dunno, I don't sneeze at a thousand bucks interest on a 10K investment in 12 mo (or a bit less soon), but did not go through the motions yet.
I doubt that many of those 300 mil people are doing it.
The conditions for this used to be better (with an extra % on the top of basically inflation).

[ChartBuddy]

Explanation

[ThemePen]

Now scammers are using vitalik (shit founder) name.

 

Horey fuck.

How would you even conclude that kind of information even comes close to anything that would be of concern here?

As the presupposed "adult" in the room, this is how I feel right at this moment.



Remember that I have intended that no actual babies would be damaged with my communicating these kinds of feelings of frustration.

I apologize if hurts.  But my purpose was that, many scammers are making new and new methods to hack to steal to grab you assets.
I just share in a fun way.

I know here are the legends and know that how to protect? But many are newbies jr members too.

Any ways if hurts so apologize.

[nutildah]

Horey fuck.

How would you even conclude that kind of information even comes close to anything that would be of concern here?

As the presupposed "adult" in the room, this is how I feel right at this moment.

He's here in good part because of you.

If you feed stray cats, you shouldn't complain when they shit on your porch.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[psycodad]

Do you actually read the WO or post-only?

Bigcommerce Launches Bitcoin Paymens For 60,000 Merchants.

https://bitcoinmagazine.com/business/bigcommerce-bitpay-coinpayments-launch-crypto-payments

Shopify competitor BigCommerce integrates BTC Bitcoin payments 🙌

Bitcoin Magazine

There we go BigCommerce. Make it happen and force Shopify to do the same.

[ThemePen]

He's here in good part because of you.

I am not here just because of him. And not for this kind of feed which you are talking about.

And you think if this feed will not be given, so I will not come here. So you are at wrong side.

Do you actually read the WO or post-only?

Mostly I read the post and the link too. But some time I missed both.

[ChartBuddy]

Explanation

[El duderino_]

Do you actually read the WO or post-only?

Bigcommerce Launches Bitcoin Paymens For 60,000 Merchants.

https://bitcoinmagazine.com/business/bigcommerce-bitpay-coinpayments-launch-crypto-payments

Shopify competitor BigCommerce integrates BTC Bitcoin payments 🙌

Bitcoin Magazine

There we go BigCommerce. Make it happen and force Shopify to do the same.

Many do only post and seek merits….

[shahzadafzal]

Horey fuck.

How would you even conclude that kind of information even comes close to anything that would be of concern here?

As the presupposed "adult" in the room, this is how I feel right at this moment.

He's here in good part because of you.

If you feed stray cats, you shouldn't complain when they shit on your porch.

damn kill me… but mine coming for local board I’m sure.

[JayJuanGee]

[edited out]

I apologize if hurts.  But my purpose was that, many scammers are making new and new methods to hack to steal to grab you assets.
I just share in a fun way.

I know here are the legends and know that how to protect? But many are newbies jr members too.

Any ways if hurts so apologize.

You are struggling ThemePen.

Let me try this again... I am telling you that you are not providing actual information, even though you proclaim it to be information to help newbies..  It is actually information that has less than zero value.. in other words negative value....

Oh I forgot.. your purpose is to dumb down the thread, and cause us all to become retarded like you seem to be... That's my point.  I tried to say it nicer the first time around, but you are still arguing. and trying to suggest that there might be some actual value in your post when none exists.

Is that a wee bit MOAR helpful and clear to uie pooie?

[edited out]

edited out

He's here in good part because of you.

If you feed stray cats, you shouldn't complain when they shit on your porch.

I suck.      but in the linked snapshot, the dude sucks +1 more than me.. and shahzadafzal sucks more than 2.5x more the this here kitty cat. There may well be a god, and a little moral relief in the world, no? and if I really ponder deeply into my inner lil selfie, I can recall moar worser things that I have done in my short life on this earth so far, as well.

He's here in good part because of you.

I am not here just because of him.  

You suck.





P.S.  nutildah sucks too.  

[nutildah]

I suck.      but in the linked snapshot, the dude sucks +1 more than me.. and shahzadafzal sucks more than 2.5x more the this here kitty cat. There may well be a god, and a little moral relief in the world, no? and if I really ponder deeply into my inner lil selfie, I can think of moar worser things that I have done in my short life so far, as well.

LOL, I forgive you, so you should forgive yourself as well, but you still suck more than El Duderino b/c he doesn't complain.

You're allowed to feed the cats, and you're allowed to do what you want, as we all are, just pointing out some behavioral reinforcements taking place here. Love you J, no homo.

Edit: Even though you edited your post to say I suck, too late to take back my professed love for you.

damn kill me… but mine coming for local board I’m sure.

yes every merit you gave to this account is for posts made elsewhere

[ChartBuddy]

Explanation

[BitcoinBunny]

Now scammers are using vitalik (shit founder) name.

 

This is the message I got right now:
 

[ivomm]

Some wall related observation (sorry for being offtopic  ): In a day like this if someone wants the price to drop by 10%, he needs to market sell around 370BTC on Bitsmamp. The bots on all other exchanges will follow immediately and we will never know from where this started. I'm not sure whether the bots follow Gemini, but in that case it would be even easier. Currently 370BTC=$7.4mil. So one needs only $7.4mil to crash the market by 10% and provided he has put $10mil in 100x short positions, this will make a huge profit. I'm not an expert and may be mistaken, but I estimate that the profit would be around 100mil, which of course compensated the $0.7mil loss from the sell.

This is just a simplified example. In reality this process is more complicated and obfuscated in order to delude the exchange owners and regulators. But still, there are more than one Wall Street institutions specialized at such manipulations. And there are also the corrupt exchange owners (e.g. Bitmex) and individual players with that kind of money. I don't follow all exchanges and CME futures, but only on Binance the shorters that cashed out the profits at -10% had a volume > $1bil. And the sharp increase in the previous week suggests that the same amount was bought with the intention to sell it soon.

This is only a speculation, but the probability of some kind of manipulation going on recently is quite high. I can't imagine what the price would've been if there were no manipulations, but 50K would have been the bottom IMO. So, we need patience. Sooner or later these malicious players will be elliminated. Either the spot traders won't follow the crash at some point due to their financial exhaustion (a.k.a bear trap) or SEC will bust them.

[somac.]

For all those concerned about recent price action just know that it won't last for that much longer. All markets are currently being driven by the actions of the CBs. Whether interest rates matter or not is not the point but the psychology certainly does. Anyway, lets see if the CBs continue to increase rates into an obvious deflationary (massively so) environment.

https://twitter.com/AndreasSteno/status/1570491515624882176?cxt=HHwWgICw-c3twMsrAAAA



CBs have only till the end of this year. After which their credibility will be blown again.

[BitcoinBunny]

For all those concerned about recent price action just know that it won't last for that much longer. All markets are currently being driven by the actions of the CBs. Whether interest rates matter or not is not the point but the psychology certainly does. Anyway, lets see if the CBs continue to increase rates into an obvious deflationary (massively so) environment.

https://twitter.com/AndreasSteno/status/1570491515624882176?cxt=HHwWgICw-c3twMsrAAAA



CBs have only till the end of this year. After which their credibility will be blown again.

Don't think they will continue with the interest rates increases for much longer. Maybe they will get to about 4 or 4.5% tops before pivoting after which we will see a massive rally in all markets.
There will still be inflation but that will help markets also.

One key driver to the economy (at least here in the UK) is the housing market.

From what I've heard that is already getting stuck in its gears, regardless of recent news articles saying we have had 15% year on year house price increases.
Those were July figures based on sales agreed back in Feb / March mostly, well before the majority were concerned with energy price increases, inflation etc.
Many of us here saw it coming, but the average Joe only heard about it much later.