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

[Hueristic]

Huh..! Really missing these days. $46000.

As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.

gawd... even the WO seems to be full of bears...  bottom must be near

I was thinking the exact same thing when OBSERVING THE WALL! Crazy to think that still happens here! 

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[ChartBuddy]

Explanation

[aesma]

Going from tweet to tweet I'm even reading about scams I didn't know about, like "play to earn" "game" Axie Infinity. As a long time gamer I spend to play. I spend on high end computer hardware, on games, on electricity, on time. It has never earned me anything, and that's how it should be. Unless becoming some kind of journalist/youtuber I mean (a cousin of mine is actually a pro gamer).

How anyone can think that thousands of people farming in a not even good game is anything but a Ponzi is beyond me.

[Hueristic]

Going from tweet to tweet I'm even reading about scams I didn't know about, like "play to earn" "game" Axie Infinity. As a long time gamer I spend to play. I spend on high end computer hardware, on games, on electricity, on time. It has never earned me anything, and that's how it should be. Unless becoming some kind of journalist/youtuber I mean (a cousin of mine is actually a pro gamer).

How anyone can think that thousands of people farming in a not even good game is anything but a Ponzi is beyond me.

Apparently something as simple as sound money doesn't bring the sheep in to fleece so they need to keep inventing dog and pony shows.

[philipma1957]

Huh..! Really missing these days. $46000.

As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.

gawd... even the WO seems to be full of bears...  bottom must be near

No more exchanges will fall.

I few pages back I posted kucoin's email to me their top 5 assets are 350 million in btc and 2.2 billion junk coins. including 500 million plus in kcs their own token.

"Dear KuCoin Users,

As the People’s Exchange, the safety and security of users’ funds are our top priority. As part of our dedication to transparency and to strengthen trust in the industry, we are taking the following actions:

1) As we have announced before, we are working on the Merkle-tree proof-of-reserves. The third-party auditor Armanino LLP , a leading audit firm requires about one month to complete the audit and we will publish the proof in early December.

2) We are immediately sharing details of our hot and cold wallet addresses. From day 1 of building KuCoin, we have been transparent to our users, and we are committed to continue with full transparency.

Here, see an overview of our hot and cold wallet addresses and their current holdings:

BTC  ( 20,504 BTC)

ETH  ( 180, 299 ETH)

USDT  ( 1,075,909,241 USDT)

USDC ( 365,722,839 USDC)

KCS    (69,601,075 KCS)

The snapshot was taken on 11/11/2022 at 7:00 UTC and does not represent all our holdings. Only major tokens on BTC, ETH, TRX , KCC, ALGO, ABR, OPT ,EOS are included. The full report of our audit will give even greater detail. In addition, we are staking 29,696 ETH as the Ethereum PoS node, and each node has 32 ETH on the address. Due to the excessive number of node addresses, we will not disclose them one by one here."


Only BTC is a real and true POW coin.

So the numbers above reflect 350mill good coin to 2200mill bad coin

and the KCS is 2x bad as they invented it.

I can see at least 1 or 2 more fails of exchanges in next 2-6 months.

The fed's won this battle they simply printed $$$ which devalued all the Dollar pegged digital coins.

Oh well.

[BitcoinBunny]

Going from tweet to tweet I'm even reading about scams I didn't know about, like "play to earn" "game" Axie Infinity. As a long time gamer I spend to play. I spend on high end computer hardware, on games, on electricity, on time. It has never earned me anything, and that's how it should be. Unless becoming some kind of journalist/youtuber I mean (a cousin of mine is actually a pro gamer).

How anyone can think that thousands of people farming in a not even good game is anything but a Ponzi is beyond me.

[ChartBuddy]

Explanation

[Richy_T]

You are probably right on this one.
However I think many exchanges run a fraction reserve system.  At least I expect them to until they offer a real time audit.

For sure. This is not new news, however.

[ChartBuddy]

Explanation

[Gachapin]

Huh..! Really missing these days. $46000.

As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.

gawd... even the WO seems to be full of bears...  bottom must be near

No more exchanges will fall. ...

Yes, the possibility is there.

You sound like you are absolutely certain..

With that kind of conviction, selling everything to buy back lower is the way to go, right?  ....right?

[aesma]

Going from tweet to tweet I'm even reading about scams I didn't know about, like "play to earn" "game" Axie Infinity. As a long time gamer I spend to play. I spend on high end computer hardware, on games, on electricity, on time. It has never earned me anything, and that's how it should be. Unless becoming some kind of journalist/youtuber I mean (a cousin of mine is actually a pro gamer).

How anyone can think that thousands of people farming in a not even good game is anything but a Ponzi is beyond me.

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

[nutildah]

[Hueristic]

Post for those that don't understand commas?

[Dubaian]

@BTC_Archive

[eXPHorizon]

@BTC_Archive

There is no such things as fake Bitcoins


like& subscribe and affilate if you get it lmfao

[Richy_T]

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have?

[eXPHorizon]

Onto more Fruitful, Mattering Matters than this crap of dadegennet. Europe and Allies were conducting an Experiment this week where Energy collected from Solar in Space was wirelessly transmitted to Earth. Long live our allied world.

[nutildah]

Post for those that don't understand commas?

I'm curious, does anybody actually still take this guy seriously?

He's become a parody of himself, and makes bitcoin look pretty silly to people who aren't maxis.

Its not about the current price of BTC so much as how vapid his pseudo-philosophical cheerleading one-liners are.

Much like Beyond Chicken, its not the kind of content I would care to rally behind.

[HI-TEC99]

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have?

But what could possibly go wrong?

[Biodom]

In a large picture, I am not surprised.
All those "financial" people know is fractional reserve system, which is a norm for banks, so they try to apply the same for bitcoin and etc., thinking that they are protected by the same "confidence" as tradfi.

At some point, when this got exposed, I assume that they tried to 'fix' the situation via direct inappropriate funds transfer, but the goose was already cooked.
Now, some are probably trying the outright stealing (hacks, inappropriate transfers, etc, etc.).
I am not sure where it will all end.
However, we need liquidity for bitcoin to cash conversion, but if there is no liquidity on any exchange, this could become problematic.