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

[DaRude]

proverb says. buy low sell high.

but do you know many out there are confused by this term.

I had to gulp down two beers while explaining in detail about that sentence.

Shit, i always bought when i was high  
So... did i do it wrong?

Just buy high and sell high, or just hodl and don't trade at all unless high

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[ChartBuddy]

Explanation

[AlcoHoDL]

proverb says. buy low sell high.

but do you know many out there are confused by this term.

I had to gulp down two beers while explaining in detail about that sentence.

Shit, i always bought when i was high  
So... did i do it wrong?

Just buy high and sell high, or just hodl and don't trade at all unless high

Just buy!

[DaRude]

dumpster fire being burning:



SEC Claims All of Ethereum Falls Under US Jurisdiction
In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.
https://decrypt.co/110107/sec-ethereum-us-jurisdiction



SEC lawsuit claims jurisdiction as ETH nodes are 'clustered' in the US
https://www.fxstreet.com/cryptocurrencies/news/sec-lawsuit-claims-jurisdiction-as-eth-nodes-are-clustered-in-the-us-202209200404

“The U.S.-based investors in Balina’s pool irrevocably committed to the transaction when, from within the United States, they sent their ETH contributions to Balina’s pool. At that point, their ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”

Airplanes are clustered more densely in the US than in any other country. As a result, US claims custody over everything on all of the airplanes.
Geese are clustered more densely in the US than in any other country during their migration. As a result, US claims custody over all geese.
Cars are clustered more densely in China than in any other country. As a result, China claims custody over all cars.

Oh wait it can go both ways, setting up another abhorrent precedence again, strike the last one.

[ChartBuddy]

Explanation

[Ami0]

The evolution toward Bitcoin 💖

[Gachapin]

dumpster fire being burning:



SEC Claims All of Ethereum Falls Under US Jurisdiction
In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.
https://decrypt.co/110107/sec-ethereum-us-jurisdiction



SEC lawsuit claims jurisdiction as ETH nodes are 'clustered' in the US
https://www.fxstreet.com/cryptocurrencies/news/sec-lawsuit-claims-jurisdiction-as-eth-nodes-are-clustered-in-the-us-202209200404

“The U.S.-based investors in Balina’s pool irrevocably committed to the transaction when, from within the United States, they sent their ETH contributions to Balina’s pool. At that point, their ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”

Airplanes are clustered more densely in the US than in any other country. As a result, US claims custody over everything on all of the airplanes.
Geese are clustered more densely in the US than in any other country during their migration. As a result, US claims custody over all geese.
Cars are clustered more densely in China than in any other country. As a result, China claims custody over all cars.

Oh wait it can go both ways, setting up another abhorrent precedence again, strike the last one.

Seems their logic is something like:

If you use airplanes in the US to perform illegal stuff, we don't care if you have also used planes for that stuff outside of the US.

They see a high enough probability that some of these investments were done through (and in) the US.  And at least partially they may be right.


However, the thing is their arguments don't have to be fully logical.  It's just a matter of being able to succeed with these arguments legally.

This kind of loose argumentation might also pose a risk for Bitcoin in the future, when it comes to legal decisions.  

[Gachapin]

will share my dose of daily bear market  blabla hopium:

https://twitter.com/BTC_Archive/status/1572226106652237825

[Gachapin]

https://twitter.com/lopp/status/1572175565444247552

[Ami0]

Announcing Natalie Brunell as a Bitcoin Amsterdam speaker!

Brunell is a podcast host, educator and media commentator in the Bitcoin    space. Her show, Coin Stories, features interviews with Bitcoiners about their backgrounds, conviction for BTC, and headlines related to finance.



Bitcoin Magazine

[Hueristic]

The SEC action said that the improper disposal of thousands of hard drives starting in 2016 was part of an “extensive failure” over a five-year period to safeguard customers’ data as required by federal regulations.

https://arstechnica.com/information-technology/2022/09/morgan-stanley-pays-35m-penalty-for-extensive-failure-to-safeguard-customer-data/



Scumbags get a slap on the wrist, apparently the sheeples personal info isnt worth more than 7 mill a year fine.

[ChartBuddy]

Explanation

[JayJuanGee]

OT:

Any one hungry?

https://chazzchips.com/en/putes-skonio-traskuciai

I wonder if there's a gay version for Bawb?  

There is already a crunchy penis everyone can buy at their local supermarket.

(clearing my search history as I type)

can we get a proper photo shop of the Johnson about to enter the box maybe homerx?

Wew... caught my lil selfie.. just in time.




Almost reported that "lewd one."

I agree from a different perspective.

Getting our energy needs from oil and gas is the problem. Bitcoin mining could be powered by green energy. We could produce more than enough green energy for all our needs if big oil wasn't screwing everyone over by manipulating politicians in their favor.

I thought that bitcoin systems were adding towards the creation of better incentives for bitcoin miners to seek lower cost energy, and I did not know that bitcoin gave too many shits about which kind of energy as long as it was relatively cheaper in terms of not necessarily competing with higher energy demand areas.

So without even pushing to control the kinds of energy that bitcoin would use, it would somewhat naturally seek the less expensive stuff and therefore cause incentives that even off the places in which energy might be trapped or wasted - and therefore maybe even increasing incentives to produce more energy overall because bitcoin mining would be creating value where there had not previously been value.. potentially making the pie BIGGER for everyone.

You seem to be getting into dangerous territory, goldkingcoiner if you are suggesting that some kinds of energy production is bad or should be discouraged, and for sure there seem to be weird battles regarding energy production in recent time.. that seem to be devolving into telling people what kinds of energy they are permitted to use and not to use.. which then seems to exacerbate some of the worsening production issues.. or supply side issues.. and sure, it does not help to be having a BIG battle with Russia around this topic either..

I am not against "green energy" in principle but there seems to be a lot of weird control issues going on, and even the solution to high energy prices seems to be to print more money rather than to increase production of energy.. sure some of that energy can come from "cleaner" sources, but we should not be living in a time in which any of us should have to consider rationing energy and just that regular peeps should be able to have access to energy.. and of course, if there are shortages of energy.. it seems like a production side issue.. not as much of a demand issue.. and yeah incomes of people around the world is not equally distributed, either.

https://twitter.com/TheOceanCleanup/status/1572239289794060288

as far as the animation goes, it seems to work  

There's low hanging fruit too, no?.. and maybe a lot of the plastic does float to the surface.. perhaps perhaps.. are there any garbage patch experts in these here parts? 

I suppose that I could look it up on the interwebs, if I was more ambitious.

Who's paying for it?

What do they do with the garbage?

I heard that recycling is a scam, and it doesn't really happen on the scale that we had been told in the 70s... so there are various differences in the kinds of plastics that would NOT have much if any "recyclable" value... so then which kinds of plastics can actually be recycled.. and then are they sortable.. or are we just being sold a bag of tricks.. and there is not much if any value in recycling a large number of items that we previously thought to be recyclable?

[ChartBuddy]

Explanation

[DaRude]

dumpster fire being burning:



SEC Claims All of Ethereum Falls Under US Jurisdiction
In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.
https://decrypt.co/110107/sec-ethereum-us-jurisdiction



SEC lawsuit claims jurisdiction as ETH nodes are 'clustered' in the US
https://www.fxstreet.com/cryptocurrencies/news/sec-lawsuit-claims-jurisdiction-as-eth-nodes-are-clustered-in-the-us-202209200404

“The U.S.-based investors in Balina’s pool irrevocably committed to the transaction when, from within the United States, they sent their ETH contributions to Balina’s pool. At that point, their ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”

Airplanes are clustered more densely in the US than in any other country. As a result, US claims custody over everything on all of the airplanes.
Geese are clustered more densely in the US than in any other country during their migration. As a result, US claims custody over all geese.
Cars are clustered more densely in China than in any other country. As a result, China claims custody over all cars.

Oh wait it can go both ways, setting up another abhorrent precedence again, strike the last one.

Seems their logic is something like:

If you use airplanes in the US to perform illegal stuff, we don't care if you have also used planes for that stuff outside of the US.

They see a high enough probability that some of these investments were done through (and in) the US.  And at least partially they may be right.


However, the thing is their arguments don't have to be fully logical.  It's just a matter of being able to succeed with these arguments legally.

This kind of loose argumentation might also pose a risk for Bitcoin in the future, when it comes to legal decisions.  

Problem is the set precedence, if some X blockchain will be mined in China/Russia/Iran more than any other country, does that now mean that Chinese/Russias/Irans laws should be applied to all transactions on that blockchain?

[Gachapin]

dumpster fire being burning:



SEC Claims All of Ethereum Falls Under US Jurisdiction
In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.
https://decrypt.co/110107/sec-ethereum-us-jurisdiction



SEC lawsuit claims jurisdiction as ETH nodes are 'clustered' in the US
https://www.fxstreet.com/cryptocurrencies/news/sec-lawsuit-claims-jurisdiction-as-eth-nodes-are-clustered-in-the-us-202209200404

“The U.S.-based investors in Balina’s pool irrevocably committed to the transaction when, from within the United States, they sent their ETH contributions to Balina’s pool. At that point, their ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”

Airplanes are clustered more densely in the US than in any other country. As a result, US claims custody over everything on all of the airplanes.
Geese are clustered more densely in the US than in any other country during their migration. As a result, US claims custody over all geese.
Cars are clustered more densely in China than in any other country. As a result, China claims custody over all cars.

Oh wait it can go both ways, setting up another abhorrent precedence again, strike the last one.

Seems their logic is something like:

If you use airplanes in the US to perform illegal stuff, we don't care if you have also used planes for that stuff outside of the US.

They see a high enough probability that some of these investments were done through (and in) the US.  And at least partially they may be right.


However, the thing is their arguments don't have to be fully logical.  It's just a matter of being able to succeed with these arguments legally.

This kind of loose argumentation might also pose a risk for Bitcoin in the future, when it comes to legal decisions.  

Problem is the set precedence, if some X blockchain will be mined in China/Russia/Iran more than any other country, does that now mean that Chinese/Russias/Irans laws should be applied to all transactions on that blockchain?

american exceptionalism, I guess

[OROBTC]

...

Blockchain explorer mempool.space has just gotten even more interesting.  They now have a diagram for each TX, which nicely complements the other visual tools.  One of the things I like the best about is it is useful for deciding how much of a fee you want to pay.  Before this, I almost always paid too much, losing them sats...

Anyway, here is an interesting coinjoin transaction:

https://mempool.space/tx/62c3fbd39790cc8157ac4a704700b0398f0b385f96589cf2b77b937a09e0fdce

[ChartBuddy]

Explanation

[xzy887]

btc is just going to create derivatives on top and kill any price action.

[ImThour]

...

Blockchain explorer mempool.space has just gotten even more interesting.  They now have a diagram for each TX, which nicely complements the other visual tools.  One of the things I like the best about is it is useful for deciding how much of a fee you want to pay.  Before this, I almost always paid too much, losing them sats...

Anyway, here is an interesting coinjoin transaction:

https://mempool.space/tx/62c3fbd39790cc8157ac4a704700b0398f0b385f96589cf2b77b937a09e0fdce

If you are lazy to click, this is how it looks like: