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

[JayJuanGee]

I think as for now Gensler stopped at shitcoins, because Bitcoin is no security.  And that is good for BTC.  
I don't know how he will act in the future.. maybe he will get pressured by "someone" to attack BTC as well... who knows ... I'll be watching

you are trusting a career long politician to do something that is "good for bitcoin"?
think again...he will change his mind when he will destroy the rest...he would find something wrong with whatever in bitcoin too, you just wait.
Actually, even now, he suppresses bitcoin by NOT allowing bitcoin ETFs, clearly a repressive move that has not a single valid reason behind it.
With such "friends", I would look over my shoulder all the time.

Yeah.. we cannot be trusting politicians - even though surely, Gachapin does not seem to have had been saying that, even if he might have said some nice things about Gensler in terms of his ability to differentiate bitcoin from shitcoins..  but still.

I do agree about having lots of skepticism about what the fuck politicians are doing.. even if they sometimes might seem to show that they understand the bitcoin versus shitcoin dichotomy... and sure, their understanding might even make them more dangerous to actually know and appreciate the power of bitcoin and to be able recognize that dollar systems cannot really stand up so much to "more sound money," and some of the craziness of the dollar shows that even some shitcoins seem to be more sound than the dollar in terms of their being less inflationary and maybe even having some limitations in terms of how far they can push their Cantillon effects when rewarding their buddies, without risking getting thrown in jail.

[edited out]

I wonder why you always put words in my mouth?  It's the second time now.
I never said I trust him...    why should I?  he seemingly was in bed with FTX

I'm talking about what he is doing with regards to shitcoins vs Bitcoin.. that's it

And apart from rejecting ETFs he has differentiated correctly between BTC and shitcoins to this date

my bags would love see an US ETF, but I doubt that he is the only one in charge for that decision..

Of course, I am not going to attempt to act like I understand all of the various kinds of bullshit that politicians play, but of course, we have to be very skeptical of politicians including that Gensler has shown quite a few weird plays, including but not limited to the approval of future ETFs.. and options or whatever the fuck the various financial vehicles that allow the ability to short BTC and also to settle in dollars.. so there do seem to be attacks upon bitcoin that are even coming out of Gensler's agency.. even though I doubt specifically that we can know exactly the role of Gensler in terms of why certain products are coming out that seem to allow for a variety of attacks on bitcoin.. and yeah, we hope that some of the shorters and even those who are settling their trades in dollars are going to get reckt as fuck, but at the same time, we likely realize that those kinds of financial products allow a kind of proliferation of paper BTC that can be difficult to reck when they sometimes seem to have infinite numbers of dollars to back them up and it is difficult for us to know who's backing them and/or what are the various games that are being played.. until they explode, which seems to have had partially happened with some of the implosions last year (Terra/Luna, Celsius, Blockfi, Voyager, FTX, Genisis - and maybe some of those banks (Silvergate, SVB, Signature) -indirectly, even though I am not sure if there were negative impacts on BTC through that - even though TPTB seemed to have had purposefully targeted and took out some of the various rails that BTC (and crypto) was using to be able to have 24/7 access to dollars or dollar derivatives?)

[ChartBuddy]

Explanation

[HI-TEC99]

...

Of course, I am not going to attempt to act like I understand all of the various kinds of bullshit that politicians play, but of course, we have to be very skeptical of politicians ...

[Volgastallion]

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.

The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.

https://bitinfocharts.com/bitcoin/address/12At4GGP8J5p4MtdjNy1SPSkqKEM1mw2FS


https://twitter.com/lookonchain/status/1649387289745977344?s=19
https://decrypt.co/137493/bitcoin-whale-moves-nearly-8m-after-10-years-inactivity

Ey man dont report my movements

What a dream to have that ammount of BTC....

Well i also think some guys in this forum maybe are whales... but we are never gonna know and its ok.

[ChartBuddy]

Explanation

[tiCeR]

Hmm yes, my analysis for the situation goes as follows.



It reminds me of the matchbox cars, so no worries guys you also had to pull them back slowly before they were going like a bat out of hell!



I can feel it! 2017/2020/21 incoming! 

[ChartBuddy]

Explanation

[JimboToronto]

Hello guys I am new to bitcoin forum. Can I post bitcoin related posts on this board? If your answer is no. Then what can I do to get permission to post?

Go ahead and post to your heart's content.  Just remember not to post anything from Twitter, especially no images taken from Twitter.

Also this is a Bitcoin forum so avoid anything to do with other "coins", NFTs or other garbage.

Welcome to the Wall Observer, where many of us have been involved with Bitcoin for many years.

As someone else suggested, why not start by telling us what first attracted you to Bitcoin? Was it the open-source code and distributed peer-to-peer network? Was it because you recognized its enormous potential to do to money what the internet did to information?

[ChartBuddy]

Explanation

[JayJuanGee]

Hello guys I am new to bitcoin forum. Can I post bitcoin related posts on this board? If your answer is no. Then what can I do to get permission to post?

No you cannot post. You do not have permission.

#justsaying

If I had gox coins returned I wouldn't sell at these shit prices. I'd wait until near the next ATH unless I needed money so badly that I had no choice but to sell.

I doubt all those coins will get dumped immediately.

It reminds me of the time when there were BTC auctions taking place in the bear market of 2014 (first silk road coins being sold) and all the media outlets were screaming FUD to prepare for the biggest dump since GOX and what happened? Nothing!
The price on auction was higher than the spot price and everybody was stunned "how come someone paid more than the price on exchange? WTF?" and people who were buying just wanted to get it in bulk, avoiding vulnerable exchanges, because at the time Chinese exchanges were shutting down, GOX went bankrupt and government auction was actually a safe choice if you wanted to spend 20 million.
Nobody goes through all that effort to just dump the coins on spot market and lose money.
More sanity people, less FUD.

hahahahahaha

Yeah.. I am pretty sure that was the Tim Draper's purchase of around 30k BTC for around $600 in mid-2014 (it was one of the first BIG Silkroad auctions and Draper had just heard about bitcoin.. more or less).. Draper paid more than the then market price (by maybe 10% or so) because he wanted to win as many of the then auctioned coins as he could, and he thought that others might be thinking about the coins similarly.. however, they did not seem to be thinking of the coins like that, since Draper won all of the coins.

And so it seemed to have had been bullish for the BTC price for about a week, and then the BTC price dropped below Draper's purchase price thereafter for about the next two years.. give or take, so many folks were saying that Draper was foolish and that he was going to sell his coins in order to cause the BTC price to drop more and so that he could buy back cheaper.. and sure you are correct, those then stories (might we call them FUD and lacking in factual and logical basis) did not hardly make any sense.

Pretty obvious the "Sell in May and go away" phenom came early to Bitcoin.

Again.

It's laughable at this point the yearly regularly of these buying/selling patterns.  

It's laughable, torquey-porkey, because such patterns seem to be in your head...

hahahahhaahhahahaha

[Unknown Op]

Eid Mubarak to Whole WO Family Community

As we celebrate this joyous occasion, let us remember the lessons of Ramadan and continue to strive for self-improvement, kindness, and compassion. Let us also remember those who are less fortunate and do our part in making the world a better place.

To all my fellow Muslims on WO Family, Eid Mubarak! May Allah bless you and your loved ones with health, happiness, and prosperity.

[ChartBuddy]

Explanation

[JayJuanGee]

one extra haiku
one thousand two hundreds post
congrats to myself
 

Reminds me of this idea:

"Happy birthday to me."




 

So we have two different opinions here ...buddy...   I hope you can live with that  

Can you live with that yourself?
Consider shitcoins a different opinion, perhaps.

Imagine a stock market with one stock-is that your "vision"?

That's not true.  Just because no one is cheering for shitcoins does not mean that they are going to go away or that they will not continue to exist.

There are always going to be a variety of ways in which people are scammed, including snake oils and snake oil salesmen.

Doesn't mean that we should be promoting that crap.

You can promote them if you like.

Somewhere else hopefully.. and maybe post a link to your channel... so you can lure some of us over there.

hahahahaha

If there is ONLY bitcoin and nothing else, the next thing is governments crushing bitcoin.
In essence, shitcoins "shitcoinery" puts bitcoin in a positive spotlight as it clearly did during FTX and Luna fiascos.

Go on cheer away, fan boi.

 

P.S your appeals to 'mommy' JJG to batslap someone on your behalf are a little weird, perhaps?
"Where is your mommy"?

This is your mama... I mean a selfie of yours truly.

Looking at the chart it seems like we appear to be at the bottom of the recent trading range.  That gives me the feeling that we're about done dropping for now.  Could we fall further still?  Sure.  Anything is possible.  However, I'd feel OK buying here, especially as part of a dollar cost averaging plan and I think we'll soon be making another run for $30K.  Bitcoin seems to be a little spooked by the calls for a coming recession growing louder.  I don't see any specific reason why we would drop further from here though.  Just traders doing what traders do.

I am mostly interested in how much RE would drop...want another place.
In ideal case, bitcoin would be high (like a kite) and housing low (as in nobody has got any money left), but it is unlikely to happen.

Yeah.. not going to happen.

Comparative prices do not necessariy move in clear/unambiguous kinds of ways, even though any of us in bitcoin likely should still be able to appreciate that bitcoin remains amongst the best, if not the best, of asymmetric bets.. and sure.. if you want or need a house, then just do it, but if you just cannot afford it yet, then wait a few years.. and I would think that the value of your bitcoin relative to what you would have put into a house will have appreciated better (and with fewer encumbrances) than real estate.  .. but whatever, each of us always has to make these kinds of relative choices in regards to trade-offs and also in terms of what kinds of property that we might be looking for.. and how much we might have set aside for that in case our "dream property" comes available at a discount.. One of the good things, right now, about property, is that it does seem to be more of a buyers market, as compared to a year or so ago... but the RE price have not yet come down.. even though maybe they will?  and maybe they won't?

[ChartBuddy]

Explanation

[JayJuanGee]

Been shoveling all day, pony stable groundwork.

Here's a source regarding my previous post, btw:
EU lawmakers approve world’s first comprehensive framework for crypto regulation

Is that good or bad in your opinion?

I'm one of the people who think government should keep its dirty hands out of private property, which bitcoin is. The way I see it all regulation is bad.
The EU wants more KYC and more paid licenses, that's what it's all about.
Next step - they'll reach into pockets of private users and demand them to declare their bitcoin wallets so they can assign each address to a name.

I think that governments have rights to attempt to regulate bitcoin in a variety of ways because there are a lot of aspects of bitcoin that relate to the public good...

yet, the level of their draconian-ness is likely another story in terms of how the various battles are going to play out, including the fact that bitcoin is likely going to force various governments to become more responsible, especially since bitcoin disincentivizes the debasing of the money because it competes with the governments in terms of attracting people into it.. because bitcoin is the most sound of monies, and it bothers a lot of government and financial people and even status quo richie (cantillionaires) who want to be able to control bitcoin, and they are not going to be able to use their traditional tools to control bitcoin like they have been able to do with other kinds of monies... but does not mean that they are not going to try... and even battle for a century or more before some kind of balance might be more in the mix, perhaps?  In the mean time, our investment timelines are likely way shorter than a century in terms of choosing whether to buy bitcoin and how much.. or how to go about it based on our own circumstances.

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.

The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.

https://bitinfocharts.com/bitcoin/address/12At4GGP8J5p4MtdjNy1SPSkqKEM1mw2FS
https://twitter.com/lookonchain/status/1649387289745977344?s=19
https://decrypt.co/137493/bitcoin-whale-moves-nearly-8m-after-10-years-inactivity

Ey man dont report my movements

What a dream to have that ammount of BTC....

Well i also think some guys in this forum maybe are whales... but we are never gonna know and its ok.

Depends on your goals and the timeline in which you would like to reach such goals.

Of course, some folks want to reach their goals immediately, but that does not seem to be realistic, and I am not even sure if more than 1k coins would be necessary for a whole hell of a lot of people to reach their goals.. .. especially, if we might consider that an entry-level fuck you status might be in the ballpark of having something like $2 million in value.. and surely if you hang onto bitcoin, then maybe you would not even need $2 million in value currently, but some fraction of that... to get to entry-level fuck you status.

Surely, there are some guys who believe that they need way more than entry-level fuck you status.. but still more than 1k coins?  That's more like filthy rich status.. and does any normie really need that in order to be happy?

Another thing is if some guy/gal acquired more than 1k BTC in 2012/2013 and then did not move them until now?  Does not really sound like a normie to me, and perhaps that person has quite a few more coins, besides those ones that moved.

[ChartBuddy]

Explanation

[HI-TEC99]

...Just because no one is cheering for shitcoins does not mean that they are going to go away or that they will not continue to exist.

There are always going to be a variety of ways in which people are scammed, including snake oils and snake oil salesmen.

Doesn't mean that we should be promoting that crap.

...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]