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

[philipma1957]

Now New York Passed a BTC mining law that has some restrictions on new miners.

ie any new large mine must use renewable energy.

So

Niagara falls = yes
Solar           = yes
Wind mills    = yes

all other = no

this could prove to be an interesting twist for mining if it catches on in the USA.

If what you say is true, hopefully, other state leaders are not as retarded as the New York legislators. .. so yeah.. "interesting" to find out the extent to which retardedness is contagious.

let me find the links.

https://news.yahoo.com/york-signs-2-crypto-mining-103633482.html

carbon based electrical

mines can not be built.


and this one may get shut down

https://decrypt.co/98067/greenidge-faces-uphill-battle-renew-bitcoin-mining-permit-regulator

[HI-TEC99]

Bitcoin's just gone up a little bit!

[ChartBuddy]

Explanation

[Hueristic]

The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law.

Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip, the number three position in the House GOP leadership, led the letter. In a contemporaneous Twitter thread, Emmer wrote: “My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting ‘requests’ to the crypto community are overburdensome, don’t feel particularly … voluntary … and are stifling innovation.”

https://unusualwhales.com/news/congress-members-tried-to-stop-the-secs-inquiry-into-ftx

[Biodom]

Since June (major bottom at 17.7K)...btc is down, but litecoin is up 90% (both are POW coins).

Interestingly, the same phenomenon was observed in 2018-2019.
Litecoin started to go up first, but by the summer of 2019, both went up similarly (5X for LTC and 4.6-4.7X for btc ) from their 2018 lows.

One possible explanation is that there are no futures in litecoin on CME, so there is no sell pressure from the futures market, which is being obviously used to "tame" bitcoin.

Whatever it is, it might predict that bitcoin is about to appreciate despite all that is being thrown at it.
Hmmm

[HI-TEC99]

[philipma1957]

Since June (major bottom at 17.7K)...btc is down, but litecoin is up 90% (both are POW coins).

Interestingly, the same phenomenon was observed in 2018-2019.
Litecoin started to go up first, but by the summer of 2019, both went up similarly (5X for LTC and 4.6-4.7X for btc ) from their 2018 lows.

One possible explanation is that there are no futures in litecoin on CME, so there is no sell pressure from the futures market, which is being obviously used to "tame" bitcoin.

Whatever it is, it might predict that bitcoin is about to appreciate despite all that is being thrown at it.
Hmmm

Dating back to oct 2020 mining ⛏ ltc/doge has been great. I would argue zero bear in that time frame for mining that combo with an old school l3+ and having 10 cent power.

It has been a 25 month no bear streak.

I know btc btc btc.

But the pow triangle has been

 btc ltc doge  for steady mining profit.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

I know btc btc btc.

Focus ur lil selfie


focus




focus







You can do it.

[ChartBuddy]

Explanation

[WatChe]

I read somewhere very early that PoW and PoS are two ways of climbing the same mountain. May be someone agree too or correct me.

Except POS has nothing to do with climbing the same mountain.

It is at best simply a centralized unsecured unregulated bond based on code.

POW is a power conversion based system that uses energy, code and hard gear. It is also decentralized.

POS does not belong in the crypto space.  Only decentralized  Pow coins qualify.  Not an opinion just factual.

So under 100 coins qualify as crypto.

POS should be under codo coins.

But I have lived long enough to know that is not going to happen.

It's giving me a headache.. again to feel that there is any need to even go down this road.. .. there is no there there, but you (WatChe) still want to somehow suggest that POS is actually adding something of value?

That's why I said either agree with me or correct me. Thanks for correcting me.

@JayJuanGee your detail elaboration on every matter is what makes WO stand out.

Edit:philipma1957 and @JayJuanGee may be you referring to this with respect to PoW and PoS?

[HI-TEC99]

I know btc btc btc.

Focus ur lil selfie


focus




focus







You can do it.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Popkon6]

It took decades to engineer #bitcoin   





https://twitter.com/MemeingBitcoin/status/1595521423405387776?t=1S3Zry9FjLml4OqJu1Y1Gg&s=19

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation