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

[cygan]

[puloweh555]

In January 2023 the increase in the price of Bitcoin can be said to be extraordinary even though there is still a correction in the market as seen today. But there is a strange but real thing that happened to the 14 largest crypto companies where they in January started to cut the number of their workers which is at least 2,900 workers or almost 3,000 for staff. These companies are Coinbase, Gemini, Digital Currency Group, ConsenSys, and Blockchain.com.

I don't know why these companies are laying off some of their staff this month, even though in general the movement of Bitcoin is working very well this month and also has the possibility to remain good in the next month if nothing bad happens that can affect the market and Bitcoin as a whole general.



Reference Source: https://cointelegraph.com/news/crypto-firms-cut-nearly-3-000-jobs-in-january-despite-bitcoin-s-rise

The easiest way to keep profitability steady is to cut costs. That doesn't necessarily mean the business is bad. It's just a way to appease shareholders and unfortunately it's always the employees who bear the brunt.

[hisslyness]

Gulp! Gulp! 

https://youtu.be/XatesnI2dcg

[BitcoinBunny]

[ChartBuddy]

Explanation

[AverageGlabella]

you're saying maxis aren't supposed to use bitcoin for what it was actually made to do?

...

He might mean this.

Hey BTC finally breached the $1 million USD mark, wow. Unfortunately $1 million only buys you a snickers in today's money thanks to presidents HillyBillyBob Clinton Jr, Camel Z. Harris Jr, Hunter Biden Jr and Donald Trump Jr Jr. How long did you say you were hodling again?

Well almost agree with HI-TEC99… HODL doesn't mean cut off your life spendings and live a miserable life, while hodling a stash like “my precious”. At the same time it also depends how much are in in Bitcoin.

To me HODL means don’t touch it, unless you are left with no other option. I remember in OCT/NOV of 2020 I was about to sale “some” for an urgent need but then at the last moment fulfilled that need with a credit card and paid back it in monthly installments (0% interest) that’s how you HODL… resist as much as possible!!!

In BitcoinBunny case if you going to hodl that long… let me tell you… you are going to spoil you grand kids… if you know what I mean.

Hodl should not stop you from taking btc out if you are in trouble to I think a lot of people have the btc maxi attitude of hodl can never be touched and if you do you are a failure but some things are more important then profiting. If you need help with medical bills or anything that has come up that you did not expect and could cause problems just use the money you have saved and if some of that is being hodl then do not worry about it. The people who refuse to touch it and then get into more trouble are not impressing any one.

[Torque]

Sad day: Localbitcoins.com is no more. 

[BitcoinBunny]

[ChartBuddy]

Explanation

[BitcoinBunny]

Sad day: Localbitcoins.com is no more. 

DAMN! 

[philipma1957]

Sad day: Localbitcoins.com is no more. 

Matter of time before they were reached.

[Gachapin]

Bloomberg docu about mining in Texas

for a climate panic piece fairly balanced I must say

(title says cRyPTo but it's mostly about Bitcoin)


"Getting Warmer Episode 2: Cleaning Up Crypto"
https://www.bloomberg.com/news/videos/2023-02-09/getting-warmer-episode-2-cleaning-up-crypto



what I hate is that these documentaries most of the time only care about the mining side but not about the important use cases of Bitcoin itself...
It comes off as if mining could have some benefit for the grid but other than that Bitcoin is just a fringe useless money making scheme

[xhomerx10]

Gulp! Gulp! 

https://youtu.be/XatesnI2dcg

 What's in that water that makes their hands all shaky at the end?

[AverageGlabella]

Sad day: Localbitcoins.com is no more.  

Btc going down again, localbitcoins shut down and I am still not legendary it looks like it is a unlucky day for us all. I wonder who will replace localbitcoins I hope Binance does not they already have a monopoly on the exchange market. I hope we get a new service created by someone here who is trustworthy and tries to stop these giants of exchanges taking all the money and charging expensive fees for their 'service'

I wonder how much the news of localbitcoins will affect the price? Do we expect this to have a big impact or does it not have enough  user base in 2023? I know many years ago it was the place to trade btc and was the most popular at 1 time.

[Gachapin]

Sad day: Localbitcoins.com is no more. 

Matter of time before they were reached.

it's said to be because of the bear market and low trading volume... lol

But it seems they also infringed on the Russia sanctions by being one of the biggest Bitcoin sender to Russia connected exchange Bitzlato whose management was arrested.
https://www.europol.europa.eu/media-press/newsroom/news/bitzlato-senior-management-arrested

[philipma1957]

Sad day: Localbitcoins.com is no more. 

Matter of time before they were reached.

it's said to be because of the bear market and low trading volume... lol

But it seems they also infringed on the Russia sanctions by being one of the biggest Bitcoin sender to Russia connected exchange Bitzlato whose management was arrested.
https://www.europol.europa.eu/media-press/newsroom/news/bitzlato-senior-management-arrested

Yeah the problem is governments truly do not want an unstoppable transfer of wealth.

[AverageGlabella]

Sad day: Localbitcoins.com is no more.  

Matter of time before they were reached.

it's said to be because of the bear market and low trading volume... lol

But it seems they also infringed on the Russia sanctions by being one of the biggest Bitcoin sender to Russia connected exchange Bitzlato whose management was arrested.
https://www.europol.europa.eu/media-press/newsroom/news/bitzlato-senior-management-arrested

interesting how reliable is that source? This has not been talked about in any of the other topics about localbitcoins I wonder if they have got them selves into legal trouble and will be battling that and do not want it to affect their customers. I saw some members speculating that they are only shutting down temporary because they announce that they are redesigning their website but members are receiving a notification which says they have 12 months to withdraw their funds. If it is because of breaching this the case in court could last more then 12 months and the redesign of their website might be a cover up for the legal trouble they are in.

Turns out that this is a very reliable source and it looks like localbitcoin could be in trouble and I would recommend any one that has funds on the website withdraw them asap do not wait for a couple of months because localbitcoins said you have to withdraw in 12 months they could get shut down and taken over by the authorities for this.

[Gachapin]

Sad day: Localbitcoins.com is no more.  

Matter of time before they were reached.

it's said to be because of the bear market and low trading volume... lol

But it seems they also infringed on the Russia sanctions by being one of the biggest Bitcoin sender to Russia connected exchange Bitzlato whose management was arrested.
https://www.europol.europa.eu/media-press/newsroom/news/bitzlato-senior-management-arrested

Yeah the problem is governments truly do not want an unstoppable transfer of wealth.

..except it's going in the "right" direction

[ChartBuddy]

Explanation

[ibminer]

Here's some entertainment:
https://twitter.com/Project_Veritas/status/1618743338852835329

Its like Jerry Springer except the people never agreed to be on the show. Some empty calorie intake and major douchebaggery on both sides but yes it is entertaining  

lol Jerry! Jerry! Jerry! .. once he started grabbing the iPad and smashing it, calling police saying "5 white guys" are around him.. Reno 911 instantly popped into my head:
https://youtu.be/9RZR4iKDixE?t=125

or for an interesting twist: https://youtu.be/MVZv5vfAWn8?t=153