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

[WatChe]

I remember I watched a documentary many years ago, which showed Chinese "dog farmers" who produced dog meat for human consumption, to be sold in the black market (I believe dog meat is illegal in China). The interesting part was that these farmers followed a specific practice: the dogs were practically tortured to death by being slaughtered in a slow, extremely painful way (they were first brutally beaten, and then slowly slaughtered/skinned alive), and all this was done right in front of the other caged dogs, so that the caged dogs could see the process. The farmers said that the extreme fear and stress induced in the dogs made their meat much tastier, and could achieve a higher price in the market. There was some footage of the process, shown in the documentary, that still haunts me to this day...

Dog meat is not banned in China but in its few cities only. I wonder is there any meat that is banned in China, they eat everything that breath.

Dog meat can give trichinellosis, cholera and rabies to one who enjoys eating it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hamza2424]

Many of us who have been in bitcoin for a while should not need anything even close to the Biodom numbers in order to be quite thrilled.. even another 5x to 10x from here should contribute to a lot of elation. .I would think.

Of course, if you are newer to bitcoin and you are thinking that you may not even be able to get to 1 or 2 bitcoins of accumulation in the next 10 years, then you might be a little more reliant upon such price performance levels that go beyond 5x, 10x or even 20x from here... which is seems that my bottom chart is largely in the 20x territory when it comes to a 10-year time horizon.

Hmm, Dear 10 years is a really long time span, I would say the next 5 years are gonna bring out many economic changes as per the last day I was checking out the US federal reserves sentiments, and seems like by pointing the soft landing I think they want to conclude their monetary policy for the 2023 by increasing at least one more time interest rate. Most of the macroeconomics are also speculating at least one more spike in the interest rate.

The US treasury is forcing itself into a marsh the recovery might not be possible we can expect the economic recession state for the US till 2027..  The debt is around $32T and the GDP is almost around 26 trillion USD. A very significant amount of difference.

After all this crisis factually it is possible that Bitcoin may shine a significant chance, for the speculation weightage as you can check the gold price is appreciated by 2x, after all this scenario. Not an economist but this is what learned

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Mt. Gox trustee extends repayment deadline to October 2024.

Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors.
The bankrupt crypto exchange has changed the deadline of the Base Repayment, the Early Lump-Sum Repayment and Intermediate Repayment from October 31, 2023 to October 31, 2024.

However, the latest update on Mt. Gox website notes that the rehabilitation creditors who have provided the Trustee with the necessary information will receive repayments in sequence as early as the end of this year.

No Problema!!!!

I am both student and teacher, and I give myself a one-year extension to turn in my homework... and next year, I will do it again.

It does "seem" that they (referring MTGOX trustee.. don't kill me) are making progress, but geez, I thought that it was getting closed to being paid out in 2021.. so that would have been a bit more than 7 years, but now we are going on 10 years.. from the shut down of the site..  in February 2014.

If they pay out they can't keep using it to fud the price down.

Good point. However I could also imagine there being some legal battles going on in the background we don't know of.

btw, has China allowed Bitcoin to be able to ban it again?

I feel like I am being played.

Is that a rhetorical question?

Yes! (in case yours wasn't...)

I don't give a shit about China bans anymore.. and apparently "the market" don't give a shit either... they pulled that prank far too often

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

I wonder is there any meat that is banned in China, they eat everything that breath.

There is no need to try to limit them only to what breathes. They eat everything, including pebbles!
https://www.youtube.com/watch?v=rTfoEfq9rWg

I don't give a shit about China bans anymore.. and apparently "the market" don't give a shit either... they pulled that prank far too often

The market reacted to the ban in China two years ago. After that there were only attempts to stir up the market with rumors about the gradual lifting of the bans, but all these rumors look rather far-fetched, since China has the opportunity to do everything it needs through Hong Kong, where Bitcoin is regulated, but not banned.

[xvacator]

I don't give a shit about China bans anymore.. and apparently "the market" don't give a shit either... they pulled that prank far too often

Yeah, let them do whatever they want. That is their rules and not ours.

Sooner or later, they will see the truth.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

I don't give a shit about China bans anymore.. and apparently "the market" don't give a shit either... they pulled that prank far too often

Yeah, let them do whatever they want. That is their rules and not ours.
Sooner or later, they will see the truth.

What kind of truth are you talking about when it comes to China? I spent a part of my life in communism and I know what it looks like when the authorities want to absolutely control every and the smallest aspect of every individual, so I don't understand if you think that Bitcoin will reform the Communist Party of China or that mostly indoctrinated Chinese will lead a revolution against the CP because of Bitcoin?

[d_eddie]

Matter Labs wants to get more people involved in their project called zkSync, which is the technology for making blockchain more efficient and secure. They're starting a program called the ZK Fellowship, where they'll pay teams to help them with this project. It's like a virtual internship that lasts for 4-6 months.

If you're good at technical stuff and have ideas or skills related to zkSync and blockchain technology, you can apply for this program. It doesn't matter hoe you are they just need skilled people.

Suggested topics:
<snipped mumbo jumbo technical terms that no one knows wtf they mean>
and other

For apply and other details: .....

What? No shitcoin token air drop?

Magic Maker post
Wondering why I missed it...
Ah! My ignore list.




#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

~snip

sir, I say I am not a scammer you are thinking that I am here to scam with others but that is totally wrong

 No, you made an incorrect inference; I don't even think you're capable of running a scam.  It seems as though you decided to see negative intentions and overreact by calling me a "bitch".  Just so you know in advance, I'm trying to help you right now; remain calm and try not to call me nasty names. 

first of all, I got this project on the internet and they want skilled people...

^Keep reading that over and over until it makes you laugh out loud (hint: it shouldn't take more than once or twice for ESL readers) and then you'll better understand how my original comment should have been taken.  Afterwards, don't post what might seem to some as a recruitment ad in the Wall Observer thread even if you think there may be people here with the proper skill set.  Absolutely nobody comes here looking for a job unless it's in the haberdashery business and then... well guilty as charged, sir.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

S21 revealed (200 terahashes (T), 17.5 J/T, 3500 watts):

https://bitcoinnews.com/bitmain-unveils-the-new-antminer-s21-series/

I am missing doing some mining  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com