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

[savetherainforest]

I'm pretty sure it has roots on the part that touches the ground. So I guess.... $13-14K??       

[fillippone]

Oops:



Edit:
Not difficult to forse this:

• No way US would allow CZ to step into the US market
• No way market regulators could allow a 80% market share entity. Whatever a market regulator is in Bitcoin space.

[BobLawblaw]

Oops:

Was just about to post this. Prepare for more pain.

Muahahaha!!!

[cAPSLOCK]

fuck you greedy cunts....too little too late...kill the goose for the golden egg


https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/



i dislike humans today

I think the thing that really got me about this one is how SBF was heralded as some sort of "crypto-savant" when all he was doing was the same thing that people like him have done again and again.  Whether by force of ignorance (Gox) or deception (BitConnect, Celcius and probably FTX), it should not be necessary for the lesson to be repeated over and over.  And government regulation is not the answer as it just legalizes and sort of contains the exact abuse we see causing these meltdowns.

The market IS self regulating, and proof of reserves is a good idea, but will only be as good as how it is executed.  I would beware of companies that try to impliment it in some sort of snapshot format like "Our Quarterly Proof of Reserves" as opposed to a live monitor.

AND in the end none of these businesses are really our friends in Bitcoin.  Centralized exchanges are weak links in the chain, and honeypots.

People have recognized this from the very beginning 12+ years ago, and it seems more and more learn the lesson after each of of these events.  

There is a saying about the frequent birth of fools as a limitless supply oft attributed, perhaps incorrectly, to PT Barnum.  

It is what it is, I guess.

[cAPSLOCK]

Oops:

Was just about to post this. Prepare for more pain.

Muahahaha!!!

Yes, *sigh*...  I have thought from the beginning the CZ move might have had at LEAST a small bit of 'controlled demolition' angle to it so he can start unwinding without the full force of the crash...  who knows?

[ChartBuddy]

Explanation

[goldkingcoiner]

Oops:



Edit:
Not difficult to forse this:

• No way US would allow CZ to step into the US market
• No way market regulators could allow a 80% market share entity. Whatever a market regulator is in Bitcoin space.

Oh boy! Cheaper Bitcoins! Please and thank you!

[Inwestour]

Facebook's public facing accounting only lets you see what they want you to see.

Behind the curtain is another story entirely.

All the major corporations are doing it the same way.

Their books look clean and in great shape until the day they don't anymore.

If you had $40B in cash and truly near zero debt, then why would you have to lay off 13% of your company? 11,000 salaried human beings is not a pittance.

The most terrible thing here is, that such a huge number of people were left without work. Zuckerberg admitted his fault for this, but all he really cares about is the reduction in advertising and the decrease income, and I think that all these people will not be relieved by this recognition. He promised that these people would be helped, but damn it's 11,000 people, will all the promises be fulfilled? I'm not sure.

fuck you greedy cunts....too little too late...kill the goose for the golden egg


https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/



i dislike humans today

When hard times come, everyone tries to cover their ass, it's in human nature.

Now everything looks like a house of cards, which stands on the windowsill near the open window.

[Paashaas]

That didn't aged well, isn't it?

[Greyhats]

I got so many paper cuts  on my hands, catching all the paper hands this week.

Here’s to brighter future, remember remember the 9th of November

[ChartBuddy]

Explanation

[BobLawblaw]

https://twitter.com/StackerSatoshi/status/1589971079703171072

[philipma1957]

prepped and ready for 16k then 15k all the down to 9k

[Gachapin]

prepped and ready for 16k then 15k all the down to 9k

Not Vegeta again... pls...

[philipma1957]

got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not?

[shahzadafzal]

prepped and ready for 16k then 15k all the down to 9k

Dream big!

Let’s ask our WO Poll!

Did we reach the bottom already?
Yes      60 (50%)

It says yes.

[serveria.com]

got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not?

Ok you got lucky with 16k, 15k is hardly possible but I can't rule it out completely right now... as to $9k... keep dreaming man! 

[philipma1957]

got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not?

Ok you got lucky with 16k, 15k is hardly possible but I can't rule it out completely right now... as to $9k... keep dreaming man! 

okay 9k is me fucking around.

but my 6 cent doge sold between 12-15 cents gave lots of money to buy the btc dip.

So thank you elon musk and sam from ftx.

159xx is next

what is fun is if all the btc were to spike to 30k in late dec and I could sell it with zero cap gain tax.

translation = i am way behind in cap gains this year. 😀

[Torque]

That didn't aged well, isn't it?

Nice unkempt mop and shlumpy t-shirt on that guy.

I'm sure he's quite the lady killer with that look.

[ChartBuddy]

Explanation