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

[Lucius]

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

I read the article, but there is no mention of LB anywhere (unless I missed it). Maybe it's just two events that are not directly related? About 3 weeks ago, we had a thread published in the Legal board on the subject of that exchange.

interesting how reliable is that source?

You've never heard of Europol? Well, it's not exactly a third-rate news portal that publishes clickbait headlines to get as many clicks as possible.

Headquartered in The Hague, the Netherlands, Europol’s mission is to support its Member States in preventing and combating all forms of serious international and organised crime, cybercrime and terrorism. Europol also works with many non-EU partner states and international organisations.

[shahzadafzal]

Not sure

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.

Same thoughts not sure how much is this reliable but the way all details have been put looks pretty much convincing.

Such a sad demise of such huge platform, 10 years is a long time.

However I love the way they have announced this news… it’s all about Bitcoin “was established to bring Bitcoin Everywhere” and they almost did it.




https://twitter.com/localbitcoins/status/1623683223178862593

[goldkingcoiner]

You know, I am glad that centralized staking services on exchanges are getting bent over by the government. It was only a matter of time anyway. You cannot centralized something which is meant to be decentralized.

But what is the SEC going to do about DeFI? Kick and scream and achieve nothing?  Because there is nothing they can do.

[ChartBuddy]

Explanation

[Volgastallion]

Sad day: Localbitcoins.com is no more. 

Really sad man. I still remember when a lot of years ago use the platform when nobody ask for anything and all was so smooth.

I left them a long time ago when they start to ask more info and when the laws comes. I remember in that time i switched to Localcryptos/ethereum (also rest in peace), and always think LocalBitcoin its gonna never shut down because they are gona be the "white market" for ever, but seems like the regulations and the mega Binance with the p2p destroy them.

[AverageGlabella]

You've never heard of Europol? Well, it's not exactly a third-rate news portal that publishes clickbait headlines to get as many clicks as possible.

I did not make that connection and I did not know that they reported on things like this. I guess localbitcoins was based in euorpe if they are involved? I guess this could be bad for localbitcoins. They said you have 12 months to withdraw btc from their platform but hearing this news I would recommend people get their btc off of the platform asap because if the investigation does show that they are guilty for breaching sanctions then they could be shut down and taken over and people could lose what is stored on there.

[shahzadafzal]

Final settlement cheque…!!

[Biodom]

Final settlement cheque…!!

You lost me there, pal
What check (or how british and former non-USA british empire members write it, cheque)?

[ChartBuddy]

Explanation

[Hueristic]

Must be the tax office or the registry.

[BitcoinBunny]

You know, I am glad that centralized staking services on exchanges are getting bent over by the government. It was only a matter of time anyway. You cannot centralized something which is meant to be decentralized.

But what is the SEC going to do about DeFI? Kick and scream and achieve nothing?  Because there is nothing they can do.

I'm not glad at all, as it simply demonstrates the governments have become big bloated piece of crap balloons that need to be popped before they consume all of us and you need regulations for everything you can possibly do, every second of every single fucking day.

The whole point BTC was invented is to circumvent these scamming big government cunts.

[Hueristic]

Final settlement cheque…!!

You lost me there, pal
What check (or how british and former non-USA british empire members write it, cheque)?

Lol, signed with a dick.
Guess they are trying to convey we are getting the shaft...as per usual.

Btc going down again, localbitcoins shut down and I am still not legendary...

Congrats, good timing.

[ChartBuddy]

Explanation

[philipma1957]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below


https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

[ChartBuddy]

Explanation

[Hueristic]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below


https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

I think they are under reported, I had one last year.

Docs couldn't find it and I treated it with vinegar to good success.

I went to emergency room a few times and all they did were bacterial tests.

I got it through on of my new studs as there is a gap under the tooth and stuff gets stuck in there.

It's pretty scary when you wake up and all your nodes are painful and your chest hurts when your heart pumps.

I literally was doing calisthenics in the hallway in the middle of the night to get the blood pumping and that relieved the symptoms.

BTW I don't think there can be a vaccine for fungal.

[JayJuanGee]

...unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.

New York Fed  -  The Bitcoin–Macro Disconnect
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf

"6 Conclusions
Is macroeconomic news driving Bitcoin? In this paper, we conduct a systematic analysis of the impact of macroeconomic and monetary policy news on Bitcoin’s price. We model Bitcoin as an asset with no intrinsic value for which its current price depends on the discounted value of its future price. In our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."

duh they still do not understand the why of it.

please note my quote is from the fed article.

Yep.. that's a good point Philip.

They consider bitcoin as uncorrelated, which is probably a correct conclusion; however, they arrive at such "uncorrelated" conclusion based on the wrong reasons, and they are trying to argue (desperate or what?) the same bullshit that fails to appreciate any kind of value/utility in bitcoin beyond speculation, and such bold face lies are not going to be very convincing for anyone who even spends 20-100 hours really studying bitcoin. .and then realize that even if we might not agree upon the extent to which bitcoin is useful or that it has utility, anyone who is assigning "zero" utility of it is engaging in bold face lying or they are delusional.  Just the mere ability to send value without an intermediary is valuable as fuck, even if there might be some obstacles and some volatility.. or even loss of value within the range of bitcoin's ongoing price dynamics possibilities.... and yeah, sure there could be ways to remove or lessen BTC's liquidity through various attacks and freezing of avenues, but then where the fuck is bitcoin going to go?  more and more underground.. so not sure what that accomplishes beyond just making the war (battle) more obvious.

CMF CCMF is otherwise flipping back to bearish (after bearish divergence) suggesting some further downside or sideways before more upside.

FTFY.. since I don't know what is CMF, but I do know what is CCMF.

[philipma1957]

...unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.

New York Fed  -  The Bitcoin–Macro Disconnect
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf

"6 Conclusions
Is macroeconomic news driving Bitcoin? In this paper, we conduct a systematic analysis of the impact of macroeconomic and monetary policy news on Bitcoin’s price. We model Bitcoin as an asset with no intrinsic value for which its current price depends on the discounted value of its future price. In our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."

duh they still do not understand the why of it.

please note my quote is from the fed article.

Yep.. that's a good point Philip.

They consider bitcoin as uncorrelated, which is probably a correct conclusion; however, they arrive at such "uncorrelated" conclusion based on the wrong reasons, and they are trying to argue (desperate or what?) the same bullshit that fails to appreciate any kind of value/utility in bitcoin beyond speculation, and such bold face lies are not going to be very convincing for anyone who even spends 20-100 hours really studying bitcoin. .and then realize that even if we might not agree upon the extent to which bitcoin is useful or that it has utility, anyone who is assigning "zero" utility of it is engaging in bold face lying or they are delusional.  Just the mere ability to send value without an intermediary is valuable as fuck, even if there might be some obstacles and some volatility.. or even loss of value within the range of bitcoin's ongoing price dynamics possibilities.... and yeah, sure there could be ways to remove or lessen BTC's liquidity through various attacks and freezing of avenues, but then where the fuck is bitcoin going to go?  more and more underground.. so not sure what that accomplishes beyond just making the war (battle) more obvious.

We used a combination of BTC mining and New Jersey solar power incentives to build a 45kwatt solar array a 115kwatt solar array and a 280kwatt solar arrary.


These small commercial projects are scalable to 2megawatts in NJ. You need a proper site and an investor willing to create the array mean we can have a lot more setups done like this.

[eXPHorizon]

[ChartBuddy]

Explanation