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

[ChartBuddy]

Explanation

[AlcoHoDL]

Bat-slapped? Rusty-piped?
Not understanding the bush?
Bitcoin fixes that!

#sundaykinkyhaiku

[xzy887]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[vapourminer]

understanding the bush.

Well...

Don't get me started on understanding the bush.

what is it..a horticulture thread?  
[/size]

i think so, as a bushmaster ar15 can defend against its predators.

[shahzadafzal]

''BITCOIN IS FREEDOM” light show above the City of Lugano, Switzerland tonight.


Twitter

The "pole" on the left doesn't seem healthy.

I was thinking same but I thought nah that’s just my dirty mind

Some how it looks like a pill and if I’m not wrong it’s logo of a crypto wallet “Bitkit” probably the sponsors of this drone show.


https://twitter.com/luganoplanb/status/1586465374568079363

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JimboToronto]

We saw $21,000 in Bitcoin. This is good to see, but a fall is possible. With the rise of bitcoin, several major coins also reacted well to this and rose more than bitcoin. There may be manipulation with Elon musk's purchase of twitter. With this manipulation, we can see sharp movements in the market.

Major coins? Plural?
There's only one major coin
And that is Bitcoin.

[ChartBuddy]

Explanation

[LDL]

It's actually wrong!!!!
Why people declare bitcoin as a global Environmental pollutant?



tweet

[cygan]

It's actually wrong!!!!
Why people declare bitcoin as a global Environmental pollutant?



tweet

quoted for visibility

[bitcoinPsycho]

It's actually wrong!!!!
Why people declare bitcoin as a global Environmental pollutant?



tweet

Close the door on the way out

[WhyFhy]

gm ... its time for the first cup of coffee☕

On my 2nd , I'll try most coffees once where might I aquire this?

[ChartBuddy]

Explanation

[Biodom]

What is all that screech about Twitter?

At least planB is back from the shadow_ban.
Of all the 'features' of social, I dislike that one the most.

bitcoin could be affected.

Here is something interesting:
https://bitcoinmagazine.com/markets/united-states-will-back-dollar-with-bitcoin

TL;DR US will bolster it's financial and economic position by backing dollar with bitcoin via dollar-denominated stablecoins (at least at first).
He lost me in the end when he started talking about hyperinflation, though.

[cygan]

gm ... its time for the first cup of coffee☕

On my 2nd , I'll try most coffees once where might I aquire this?

i have written to the founder and ceo via twitter
https://twitter.com/josebitcoiner

[OROBTC]

...

Bitcoin Magazine sometimes publishes magnificent thought-pieces on Bitcoin.  And, IMO, they have the winner of the year of most interesting pieces that I just finished reading.  I will re-read at my convenience again later today, and likely in some of the days to come.

Author Luke Mikic writes a comprehensive (and long) article with his thoughts about the US$, interest rates, and how the the FED may have another agenda, strengthening the US$ by working in tandem with Bitcoin to achieve hyperdollarization followed by hyperbitcoinization (this grossly oversimplifies his article).  Here is the link, below are some of my comments on what interested me the most in his piece,

https://bitcoinmagazine.com/markets/united-states-will-back-dollar-with-bitcoin

• It looks like the Federal Reserve (FED) is not perfectly aligned with the other central banks, nor even with the BIS (somewhat like Tom Luongo's ideas about Wall Street NOT having the same interests as the WEF, Washington DC's policies, etc.)
• Mikic thinks that the US$ and BTC are a great & complementary pair in maintaining the Amereica's strength, and other countries that dollarize and/or "bitcoinize" (my term there)
• The FED is not onboard with all this Green Economy BS...  It's a waste of money and dictatorial
• The FED is not onboard with "The Great Reset".
• Mikic shows respected financial guru Ray Dalio's recent pivot from "cash is trash" to becoming a great believer in cash (US$ in CA$H)
• The FED, by raising interest rates, is strengthening the US, despite making it harder for US exporters
• Mikic writes that the US will eventually back, in one form or another, backing the US$ with BTC  [me: um, maybe, but...]
• He resolves "Triffin's Dilemma" not by the USA using gold (China & Russia have LOTS of gold).  The FED will allow hyperdollarization (then perhaps bitcoinization)
• The USA is already one of the world's friendliest bitcoin places, various politicians are working (at the state and lower levels) to be even moreso, this is GOOD.
• Mikic notes that Gary Gensler has carefully not lumped BTC as the same as "crypto"........

Please note that I have only had one "pass" through the article, but Mikic covers a lot of ground and is chock-full of top-interest ideas.  I may have some of this wrong.  Nor I do not agree 100% with everything he presents, but I do believe he has written a piece that every thinking observer of BTC, the US$, the financial markets and even those interested in geopolitics would find of great interest.

I'm not sure that I can recommend this article highly enough for those wanting further food for thought.


EDIT: A bit more from Mikic, note he writes that BTC volatility will increase until it reaches very high prices:

"Despite what the consensus narrative is surrounding those who say, “Bitcoin’s volatility is decreasing because the institutions have arrived,” I strongly believe this is not a take rooted in reality. In a previous article written in late 2021 analyzing bitcoin’s adoption curve, I outlined why I believe the volatility of bitcoin will continue to increase from here as it travels through $500,000, $1 million and even $5 million per coin. I think bitcoin will still be too volatile to use as a true unit of account until it breaches eight figures in today’s dollars — or once it absorbs 30% of the world’s wealth."

(Image at link below shoes how China and Russia may have screwed the pooch by discouraging mining and BTC accumulation.  Hah)

https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTkzMzU5MzM1MDU1Njk3ODI3/evolution-of-bitcoin-mining.webp

[ChartBuddy]

Explanation