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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484003 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
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January 24, 2023, 06:01:08 AM


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January 24, 2023, 06:44:49 AM
Last edit: January 24, 2023, 09:29:37 AM by Gachapin
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[edited out]
I didn't have any time horizon when I came to Bitcoin.  It was an experiment, not an investment.

Well?  Maybe you were traumatized by your entry date?  If we were to use your forum registration date to approximate your entry into bitcoin date, then for sure those were dramatic times... the day before the hardfork...   I could appreciate how anyone newly coming into bitcoin might have some pause at that particular time... like? What the fuck is going on?  And some of the exchanges were even saying that they were not going to allow transactions for several hours around the fork time because they were not sure what was going to happen.. which all makes sense from an exchange perspective and surely could inpire uncertainties from anyone freshly coming into bitcoin, even if we do not account for your other particulars.

Interesting that you mention this.  Actually, I only registered to this forum to write my opinion on the fork, in 2017.
....guess who was the guy posting right after me.. you  Cheesy

Before that I was just reading the WO, for years.
But in 2017 the times were crazy, and for the first time I felt the urge to share my opinion fwiw.




Over the years I learned more about what I got into, and that helped me to get a longtime view.
So like you I developed a longterm view over time.  And I see many other newbs for whom that process is similar.

Even within the minority group of folks who at least somewhat favorably disposed or inclined to give it a chance (and look into it), there can be a variety of paths, including variations in regards to the extent that any of us might believe going down the shitcoin path might be part of our initial investigation (and/or due diligence) journey.

I'm doing my best to expose the shittiness of shitcoins to newbs I talk to, that's for sure.




I remember the first (rather young) guy I "converted" complaining after a year that he'd "only" doubled his money and has not gotten rich yet.  After hearing such an ungrateful bs, I gave him a proper bat slapping.  And he's been a diamond hand holder for many years ever since.

Wow.. you have influences over people.   Shocked Shocked  I remember quite a few fairly powerful arguments in 2017-ish in this forum and some other places that I was posting in regards to shitcoiners who were pumping their bullshit by asserting that their coin had gone up 2x or 3x or even 4x as much as BTC, and grandpa coin BTC had little to no UPpity potential because it had already matured and had been on the market for 7 years or more.. so no pumpamentals.. so in that regard, I am like ongoingly arguing to say things like :"holy fucking shit, we have BTC going from $250 to $1k in a year (that's 4x), and then we ended up at $2,500 and that is 10x, and then you know that the price kept going up to $19,666 (which is 78x), and I am supposed to be disappointed because at various points in that journey some shitcoin was going up faster than BTC?  Those were ridiculous ways to try to propagandize various shitcoins and to proclaim that bitcoin was inferior blah blah blah..  

Everyone has influence over others.  Most of the time people sense if they are wrong and they just need somebody who tells it to their face (me included).
And sure, any new "get-rich-quick" story is probably the most effective to lure in and fleece newbs.  




Maybe my surrounding is just special (which I don't believe).  But I guess it's more about how I talk to people approaching me.  

Of course, there can be various demographic matters in which can cause you to have some different kinds of audiences, and maybe even different assessments in regards to your conversion success rate.

demographic goes from age 29 to 65, male and female(only one though), from low-wager to $millionaire.
So for 5-6 people quite the spectrum.




I definitely make sure to tell them as much as I can about the extreme suffering most hodlers endure(d) during 80-90 % down turns.  And boy I have some emotional damage to share  Cheesy

For sure, I don't believe in ONLY sharing upside... even though it is o.k to talk about both, and surely the world-experiences of people can sometimes affect how any of us might talk with someone about bitcoin, including attempting to figure out what they already know or believe.

many of them have already heard the stupid talking points from media and shitcoiners.  So I try to be a reasonable voice the best I can.
And I guess they feel that I don't wanna sell them anything. ...owning BTC is in one's self interest


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January 24, 2023, 07:01:17 AM


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January 24, 2023, 10:05:07 AM
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Swift Ends Cryptocurrency Access to Global Marketplace
https://www.armstrongeconomics.com/world-news/cryptocurrency/swift-ends-cryptocurrency-access-to-global-marketplace/


For real?  Only 100k+ transactions to exchanges are allowed from 1st Feb. ??

No more Bitcoin for the small guy?



Read that, too.
Armstrong didn`t provide any source, which left me kinda sceptical on this particular piece of info.

A quick search did provide some results confirming the issue, though.
Here are the first two search results:

https://cointelegraph.com/news/binance-s-swift-banking-partner-set-to-ban-usd-transfers-below-100k

https://www.analyticsinsight.net/payments-to-swift-have-been-suspended-in-crypto-exchanges/

For now, it seems to be limited to Binance USD-accounts.
So, this is not as universal as you (and I) may take it when reading the headline/blog post.

Hope this is not just the first step, though. 

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Bisq Market Day - March 20th 2023


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January 24, 2023, 11:45:32 AM

JUST IN☢️: America’s first nuclear-powered Bitcoin mining center to open in Pennsylvania - [World Nuclear News]

THIS IS BULLISH 👀

Source: https://twitter.com/SimplyBitcoinTV/status/1617508852827570178?t=RgfxxUHxenEj7DR7_PFD5Q&s=19
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January 24, 2023, 12:14:57 PM
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For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.



So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Quote
Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.
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January 24, 2023, 12:42:12 PM

For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.



So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Quote
Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.

thanks for digging...
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haha nice... it's cumming

this is what crypto traders think they're like
https://twitter.com/jomaoppa/status/1487453189829967875
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January 24, 2023, 01:19:47 PM

I was hearing on a business radio that 5 million US people won't be back to work because of long COVID.

Couldn't find a source for this, but 4 million is being talked about : https://www.brookings.edu/research/new-data-shows-long-covid-is-keeping-as-many-as-4-million-people-out-of-work/#:~:text=to%20a%20friend-,New%20data%20shows%20long%20Covid%20is%20keeping%20as%20many,million%20people%20out%20of%20work&text=Since%20the%20depths%20of%20the,to%20be%20asking%20is%3A%20Why%3F

And 17 million total (just in the US) have reported having long COVID.

I wonder what people arguing we should have done nothing about the pandemic have to say about that.
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January 24, 2023, 01:36:30 PM

I was hearing on a business radio that 5 million US people won't be back to work because of long COVID.

Couldn't find a source for this, but 4 million is being talked about : https://www.brookings.edu/research/new-data-shows-long-covid-is-keeping-as-many-as-4-million-people-out-of-work/#:~:text=to%20a%20friend-,New%20data%20shows%20long%20Covid%20is%20keeping%20as%20many,million%20people%20out%20of%20work&text=Since%20the%20depths%20of%20the,to%20be%20asking%20is%3A%20Why%3F

And 17 million total (just in the US) have reported having long COVID.

I wonder what people arguing we should have done nothing about the pandemic have to say about that.

you can get long covid with "vaccination" as well...  

and the "vaccination" can also cause the same symptoms like long covid...


since we know now that the "vaccines" don't stop transmission I'd say go and get yours if you want, but let the others do their thing...
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January 24, 2023, 02:31:49 PM

For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.



So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Quote
Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.


All of the points made by you are correct.
Thanks for elaborating.

Armstrong`s headline and post read like "All retail fiat-crypto flows everywhere will end January 31st. This space will be reserved from now on only for millionaires and even higher tiers".
This is what I wanted to find out about.

I agree with your assessment of his credibility.
But you never know.
Broken clock and stuff....

Sometimes, he does cover interesting stories you won`t find on MSM.
But his endless lectures on ancient coins are particularly exhausting.
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January 24, 2023, 02:55:20 PM

Who else can relate?


https://www.reddit.com/r/Bitcoin/comments/10k3bgi/checking_the_bitcoin_price/
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