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

[Hueristic]

https://docs.house.gov/meetings/BA/BA21/20230419/115753/BILLS-118pih-Toproviderequirementsforpaymentstablecoinissuersresearchonadigitaldollarandforotherpurposes.pdf

But what is it?

Are "we" actually supposed to read to find out?

https://docs.house.gov/meetings/BA/BA21/20230419/115753/BILLS-118pih-Toproviderequirementsforpaymentstablecoinissuersresearchonadigitaldollarandforotherpurposes.pdf

Thanks...interesting.
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).

On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are  grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.

Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).

Oh?

Biodom to the rescue.
 

Its not much tougher to read than one of your long winded posts.

Actually I see a attack vector in there that I'm waiting for others to notice.

Maybe ask GPT with the "petertodd" token to ELI5 for those of you using that.

One difference with my long texts and a text that is linked (meaning that someone else wrote the substance of the text) is that I am actively participating in these here parts, and so whatever gobble-dee-gook might end up coming out of my keyboard tends to either be my words, or I am showing the source of my words.. or I am posting some image, and I do not tend to provide sources for images (presuming that I got them from the interwebs) unless there were some kind of a potential ambiguity regarding whether I am claiming to have had created the picture or the meme.. then in those kinds of cases I might either explain or provide a source.

From my point of view, there are a lot of members who provide links and either fail/refuse to provide any explanation or they fail/refuse to provide any opinion on the topic that they had linked, and surely even from my own bias, I may well consider that older members are allowed a bit more lenience based on some of their past contributions to the thread.. but still sometimes those kinds of ongoing posts (that fail/refuse to contain explanations or opinions) are not really very substantively friendly, even if sometimes the underlying source/link might provide  a lot of good content.

LOL, just poking fun at you, I could never put the effort you do into posts and I appreciate most of them and those I don't my scroll wheel works just fine.

I have tons to say but find it difficult to type out long winded posts and feel they really aren't appreciated anyway so there really is no desire to do so.

I try to put info here though that I feel the WO needs to know even if some of it you have to actually dig out yourself.

And yes low effort link dropping for informational purposes rather than merit whoring is a purview of us older members.

[1714296692]

1714296692

[ChartBuddy]

Explanation

[xhomerx10]

Me: "Hey, Bitcoin. Describe your market action over the last couple days."
Bitcoin: "I found this image from the conference last year for you"

is she or he 🤨

 a little Sunday haiku

 Guetta x Hørger
 Timmy Trumpet & Savage
 Three songs about f̶͉͍͛̍̈́͊̿̈̚͜͝͝r̶̗͕̀ê̴͖̟̝͛͠à̴̡̘̻̩͖͎̦̌͑̂̀̚͜͜k̴̜̗̭͎̘̥̳̬̀̑́͗̓̈͘͘͘͝ś̴̭͙͈̬̐̓

 edit: addendum  interchange Monty Python quotes with the "Freaks" tune in the addendum and sadly, I'm reminded of my high school years.

[HI-TEC99]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

OT ha, I have something like this....running nose...in a couple of days it transitions to cough....then running nose again....then cough again..2wks already.
Did not check for COVID early enough, now negative...weird.
That 'cold' must have gotten 'something' from the other viruses.

Buuut..it does not matter, the mood is still good due to our favorite pumping higher.

Since yesterday I have similar symptoms. Suddenly I felt very dizzy and the temperature raised to 39. I started taking analgetic every 6 hours and applying nasal sprey. Do you know what is this - covid or other virus/bacterial infection? Sometimes I feel the urge to cough, and sometimes my nose gets a bit swollen. But so far nothing more, except I feel very bad with my whole body aching. Do I need to take antibiotics or to try walking it off.

I keep seeing people violently coughing their guts out everywhere I go. Thankfully I haven't had it yet, but I'm wondering what's causing it. Covid, flu, cold?

[JayJuanGee]

"It might make some sense...
...to get some corn just in case."
—S. Nakamoto.

Knowledge ain't power.
It's how you use it that counts.
Many knew, few bought.

There's no one to blame,
But you and your sorry ass,
For not buying some.

Now go belly-down,
And let Bob do his pipe thing,
While Jay batslaps you.

And if you still doubt,
I can offer you no hope.
You're as good as dead.
You are dead to me.
#5sundayhaikus

For humor sake, I did a substitute (or do we call it am alternative?) to the last line of your 5th...

I deleted my post, but decided to repost this "proper use of toilets" sign.

Here's my version, actually shot this in RL in a spa.

hahahaha

It's funny that in your real life capture of this image, the warnings show the results of each direction - ie where the product (output) lands.

Hello everyone,, Btc next movement 33k$. The current price of Bitcoin is 30k$ plus. That means the market is fairly normal now.

Anything can be predicted without explanation. If I too would like a bullish rally, it does not mean that the bulls have already arrived. So far, it's been a week of flat. I would say that the continuation of the flat looks more expected in the coming days.

You must be new here, who. .....    Just for your edumacation, king daddy no does not do flat into the future... even though sometimes when we may well be able to look into the past charts and we are able to actually identify periods in which the price did not end up going either up or down.. relatively speaking.

[OutOfMemory]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

OT ha, I have something like this....running nose...in a couple of days it transitions to cough....then running nose again....then cough again..2wks already.
Did not check for COVID early enough, now negative...weird.
That 'cold' must have gotten 'something' from the other viruses.

Buuut..it does not matter, the mood is still good due to our favorite pumping higher.

Since yesterday I have similar symptoms. Suddenly I felt very dizzy and the temperature raised to 39. I started taking analgetic every 6 hours and applying nasal sprey. Do you know what is this - covid or other virus/bacterial infection? Sometimes I feel the urge to cough, and sometimes my nose gets a bit swollen. But so far nothing more, except I feel very bad with my whole body aching. Do I need to take antibiotics or to try walking it off.

No Antibiotics for viral infections!
It's useless and adds to AB resistance, just take antiviral stuff.
That is carrageen nasal spray, Lysine plus Vitamin-C, maybe also N-AcetylCholine for easing the breathing.

Avoid Antibiotics at all if you can. A high CT blood value (>0.5) would be a good reason for AB, but not much else.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

...

It's probably because of how westerners use gas station toilets.

Now I am starting to appreciate that this thread is "going down hill."
...

You want a return to its glory days when JorgeStolfi, r0ach, NotLambchop, gembitz, and fonzie were "serving this community thread with valuable information"?

I do realize that "we" cannot go back, even if this lil precious snowflake were to "want" such. 


In udder wurds:


"We" must press forward, whether "forward" happens to be "going down hill," or otherwise.   

[edited out]

LOL, just poking fun at you, I could never put the effort you do into posts and I appreciate most of them and those I don't my scroll wheel works just fine.

I have tons to say but find it difficult to type out long winded posts and feel they really aren't appreciated anyway so there really is no desire to do so.

I feel that most of the time, I am writing out whatever my posts are and then posting them for me rather than for anyone else.. yet of course, we are in a mostly public space (with some quasi-anonymity - through our nyms), and so the extent to which I might consider that there is a need for a reference or a description of a reference or even some kind of an explanation mostly has to do with the extent to which I am wanting to be understood beyond my own attempt at a self-understanding that comes from choosing how to compose my post(s) content.

Of course, over the years, some relationships develop, even if we might not want any of these interweb relations and sometimes there might be other members who drag us down roads (areas of discussion) that we do not necessarily want to go... and surely it is up to each of us to choose whether to respond or how to respond if we do choose to respond... whether we have "time for dat" which sometimes there could be regrets about "why did I even open that can of worms?"

Of course there might be sometimes in which I feel that I am not getting enjoyment out of feeling that I "need to respond," or "need to read/watch/look at/listen to" some kinds of content.

If I am setting up, or changing some of my bitcoin-related practices, I can perceive it to be helpful to have some place (like this forum or this thread) in which I can explore some of my ideas, even if I might not get any response.. and surely sometimes the framing of the various questions can be helpful in terms of facilitating my own research to find the various answers that I believe are workable for my own situation, and the more that I am involved in various aspects of the bitcoin space (and adjacent issue), the more that I might have some questions  (or some subject matters) that are kind of lingering in the periphery.. and I question whether I might have time to explore such an area.. or maybe I should try to take care of some of my real world obligations prior to "opening that new can of worms.".. or that new project. that may or may not be bitcoin related or maybe bitcoin adjacent.. not that I dabble very much with shitcoins, but sometimes, some of the questions might have to do with some shitcoin "overlap." 

Fuck shitcoins.

I try to put info here though that I feel the WO needs to know even if some of it you have to actually dig out yourself.

Of course, it remains discretionary the extent to which you might provide some kind of a description. .and whether you just might want to see what is the response (if any) without your having had provided a description or even a clip from the underlying content.. which sometimes members will highlight some of the parts that they perceive to be more relevant in order to attempt to either focus the discussion or to highlight why they might believe it is relevant to this thread or maybe just a personal relevance that might not so much be on topic to the thread.. . .which like I said earlier, longer-term WO participants might get more lee-way than shorter-term WO participants in regards to whether someone might click on the link or whether they might "jump down their throats" in regards to whether they provided enough information or even credit to the source(s).

And yes low effort link dropping for informational purposes rather than merit whoring is a purview of us older members.

[BitcoinGirl.Club]

WO's 10Th Anniversary


...Special thanks to all the users who keep serving this community thread with valuable information.


Special thanks to

ChartBuddy   ,JayJuanGee ,El duderino_ ,adamstgBit , Last of the V8s ,HairyMaclairy, LFC_Bitcoin, jojo69, JimboToronto, Torque, bitserve, Fatman3001,JorgeStolfi, BlindMayorBitcorn, Richy_T, BobLawblaw, Biodom, d_eddie, Toxic2040, realr0ach, xhomerx10, Hueristic,j breher, empowering, billyjoeallen, Ibian, Arriemoller, gentlemand, NotLambchop, cAPSLOCK, Elwar, marcus_of_augustus, ShroomsKit, podyx, OutOfMemory, fonzie, serveria.com, BitcoinGirl.Club ,sirazimuth, Paashaas, philipma1957, VB1001, AlcoHoDL, spooderman, lightfoot, seleme, macsga, Davyd05, savetherainforest, TERA, infofront, inca, Rosewater Foundation, fillippone, 600watt, DaRude, derpinheimer, BitcoinBunny, Wekkel, kurious, windjc, BTCMILLIONAIRE, tarmi, vapourminer, Cryptotourist, HI-TEC99, Gyrsur, mmitech, hdbuck, Lambie, Slayer, aminorex, Phil_S, bitcoinPsycho, dreamspark, kingcolex, somac, Globb0, gembitz, becoin, nutildah,  Walsoraj, wachtwoord, Searing, shmadz, Sitarow, yefi, oda.krell, goldkingcoiner, N12, Rampion, mindrust, shahzadafzal, molecular, JSRAW, Meuh6879 ,ivomm, noobtrader, Raja_MBZ, Cconvert2G36, r0ach, Gachapin, vroom, eXPHorizon, aesma, imThour, cygan,,,,,so more users

Username taken from: ninja.space top 100 users according to their amounts of post.

Happy 10th Anniversary. Time is too fast!. I was not aware that I am one of the 100 top poster on this historical topic. It's a pleasure. I guess I need to come back here more often again.

[JayJuanGee]

Happy 10th Anniversary. Time is too fast!. I was not aware that I am one of the 100 top poster on this historical topic. It's a pleasure. I guess I need to come back here more often again.

Yes.   Do.

[BitcoinGirl.Club]

Yes.   Do.

That's not JJG. Are you hacked 🤣?

[Biodom]

the Sunday wall report


<snip>
arguably one of humanities most important milestones might be achieved...or at least a solid foot might get in the door tomorrow with reusable rocketry and the Starship/Booster maiden flight attempt

some of you dont care...and i get that...really...its an abstract concept thats hard to wrap ones mind around...thinking dozens or thousands of years into a unknowable future

i think humanities future will happen in space...and i think bitcoins will also

so trim a bit of sail if one feels the need and ahead one third towards the stars

steady on


dyor

Humanity needs to start working on a different type of propulsion to get to the stars.
We ain't getting there on regular combustion engines, imho.
Plasma, ionic, RDRE (using something exotic).
It could easily take another 100-200 years to develop.
Would we have that time before we can spread out?
We shall see.

[ChartBuddy]

Explanation

[Arriemoller]

Hello everyone,, Btc next movement 33k$. The current price of Bitcoin is 30k$ plus. That means the market is fairly normal now.

And what do you base that on, please show us your TA.

[Arriemoller]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

OT ha, I have something like this....running nose...in a couple of days it transitions to cough....then running nose again....then cough again..2wks already.
Did not check for COVID early enough, now negative...weird.
That 'cold' must have gotten 'something' from the other viruses.

Buuut..it does not matter, the mood is still good due to our favorite pumping higher.

Since yesterday I have similar symptoms. Suddenly I felt very dizzy and the temperature raised to 39. I started taking analgetic every 6 hours and applying nasal sprey. Do you know what is this - covid or other virus/bacterial infection? Sometimes I feel the urge to cough, and sometimes my nose gets a bit swollen. But so far nothing more, except I feel very bad with my whole body aching. Do I need to take antibiotics or to try walking it off.

My guess is good old influenza, take two aspirins (acetylsalicylacid) and just wait for it to pass, read a good book if you can or just sleep it of.

[Arriemoller]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

OT ha, I have something like this....running nose...in a couple of days it transitions to cough....then running nose again....then cough again..2wks already.
Did not check for COVID early enough, now negative...weird.
That 'cold' must have gotten 'something' from the other viruses.

Buuut..it does not matter, the mood is still good due to our favorite pumping higher.

Since yesterday I have similar symptoms. Suddenly I felt very dizzy and the temperature raised to 39. I started taking analgetic every 6 hours and applying nasal sprey. Do you know what is this - covid or other virus/bacterial infection? Sometimes I feel the urge to cough, and sometimes my nose gets a bit swollen. But so far nothing more, except I feel very bad with my whole body aching. Do I need to take antibiotics or to try walking it off.

I keep seeing people violently coughing their guts out everywhere I go. Thankfully I haven't had it yet, but I'm wondering what's causing it. Covid, flu, cold?

It is also the start of the pollen season.

[Negotiation]

Bitcoin Price Prediction as $10 Billion Trading Volume Comes In – Where is BTC Heading Now?


Source.


It will be difficult for us to know in which direction Bitcoin's new position is headed, or whether Bitcoin will continue to hold its previous position.

[Arriemoller]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

OT ha, I have something like this....running nose...in a couple of days it transitions to cough....then running nose again....then cough again..2wks already.
Did not check for COVID early enough, now negative...weird.
That 'cold' must have gotten 'something' from the other viruses.

Buuut..it does not matter, the mood is still good due to our favorite pumping higher.

Since yesterday I have similar symptoms. Suddenly I felt very dizzy and the temperature raised to 39. I started taking analgetic every 6 hours and applying nasal sprey. Do you know what is this - covid or other virus/bacterial infection? Sometimes I feel the urge to cough, and sometimes my nose gets a bit swollen. But so far nothing more, except I feel very bad with my whole body aching. Do I need to take antibiotics or to try walking it off.

I keep seeing people violently coughing their guts out everywhere I go. Thankfully I haven't had it yet, but I'm wondering what's causing it. Covid, flu, cold?

It is also the start of the pollen season.

If you get weird cold symptoms it might be a good idea to try som antihistamine just in case.