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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[shahzadafzal]

The journey of #Bitcoin  is measured not in speed, but in the steadfastness of its trajectory. Even in slowness, it forges the future of finance. 🐌 🌖

That’s a beautiful quote from @bitcoin handle on Twitter (X), I remember this handle used to be biased and was promoting BCH… but now it looks someone pro-bitcoiner owns it. It also links official bitcoin.org in its description now.

[xzy887]

BREAKING: President of Madeira just launched a Bitcoin business hub to foster local innovation.

"Everything connected to Bitcoin is welcome in Madeira."

[ChartBuddy]

Explanation
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[danadc]

These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K?

FTX testimony reveals mass BTC selling

As the trial of former FTX CEO Sam “SBF” Bankman-Fried continues, new testimony paints a picture of potential market manipulation.

This week, Caroline Ellison, former CEO of affiliated firm Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC should its spot price breach $20,000. This was done using FTX customer funds, which neither had the right to deploy.

Among those was the then-popular Stock-to-Flow (S2F) Bitcoin price model, the creator of which — the pseudonymous entity known as PlanB — gave a BTC price target of up to $288,000 during the current halving cycle.

The “worst case scenario,” he continued, was $135,000 by December 2021.

Original Source:https://cointelegraph.com/news/sbf-ftx-bitcoin-keep-btc-price-under-20k

This was something that could not be seen as a reality, I think that these things are what should not be done in exchanges because they are bad practices, because if I see a BTC less than $20k, it is bought anyway.

That's like placing a BTC order in less money, you don't know when something crazy like that will happen.

[ChartBuddy]

Explanation
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[OutOfMemory]

These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Greed? 

SBF now officially the greatest cryprofucktard of the century?
It hasn't been a big secret that he was after $ after all from the beginning (through arbitrage, as most of you know).
The hardcoded fund values found in the source code are hillarious!

[Frankolala]

These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K?

FTX testimony reveals mass BTC selling

As the trial of former FTX CEO Sam “SBF” Bankman-Fried continues, new testimony paints a picture of potential market manipulation.

This week, Caroline Ellison, former CEO of affiliated firm Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC should its spot price breach $20,000. This was done using FTX customer funds, which neither had the right to deploy.

Among those was the then-popular Stock-to-Flow (S2F) Bitcoin price model, the creator of which — the pseudonymous entity known as PlanB — gave a BTC price target of up to $288,000 during the current halving cycle.

The “worst case scenario,” he continued, was $135,000 by December 2021.

Original Source:https://cointelegraph.com/news/sbf-ftx-bitcoin-keep-btc-price-under-20k

This was something that could not be seen as a reality, I think that these things are what should not be done in exchanges because they are bad practices, because if I see a BTC less than $20k, it is bought anyway.

That's like placing a BTC order in less money, you don't know when something crazy like that will happen.

If SBF girlfriend is not lying to save her head and for people not to see her as a bad actor, then I think that SBF made the wrong decision and that has led to the crash of FTX because he can never keep bitcoin price below 20k.

Exchanges are out for profit and it will be impossible for this to happen since he doesn't doesn't have enough bitcoin that he can sell below 20k to manipulate the price, and he is not the owner of all the bitcoin in his exchange. I still see SBF as a small boy who doesn't know how bitcoin price moves and that is why he came up with this childish idea, which has kept him  in this shit because of mismanagement of customers funds.

[ChartBuddy]

Explanation
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[JayJuanGee]

Not that I even expected this much down since June.. .. or even this much failure to go up.. but whatever it is really hard to be surprised and who really knows anyhow? 

HODLE on the BTC, a highly possible price pump in November-2023. I don't know the possible price.

As for the hardware wallet, a classic trezor would do it, but adding just ten bucks for the new model seems legit.
I will use the ledger for the dust and spare change, maybe. I also reviewed all my other "software" wallets, some were never used.

I just came across this Athena-Alpha.com wallet review site.. It seems to be really good, and they give their highest ratings to the BitBox02 and to the Foundation Passport.  I did not go through all of the particulars in terms of the various faults (and/or lackenings) of various wallets that they reviewed... makes it tempting to buy either a Bitbox02 and/or a Passport... just to be trying out the stuff that has the highest ratings by seemingly professional opens source (privacy/security) wallet reviewers.

Here's their rating methodology too.

I saw it posted in one of the Foundation Passport threads.

I also noticed that since October 5, there is a new forum thread on the Trezor Safe 3.. but since I just found it, I have not gone through that thread yet.  It's ONLY on its second page, so it should not be too difficult to catch up on that thread.

[ChartBuddy]

Explanation
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[JayJuanGee]

As for the hardware wallet, a classic trezor would do it, but adding just ten bucks for the new model seems legit.
I will use the ledger for the dust and spare change, maybe. I also reviewed all my other "software" wallets, some were never used.

I'd always be a little cautious with very new models..

And even if the model is old and has stood the test of time, you should not put your life savings on to a newly bought device all at once. Maybe put a smaller chunk onto it and wait for a few weeks / months before sending the rest.

That might be a good idea.

Maybe send 5% to 10%?  So if your life savings was 100 BTC then maybe send between 5 and 10 BTC and then see if anything happens.. or maybe just send a few BTC.

And if your life savings was 21 BTC, then just send
1 to 2.1 BTC

at most...

wait a week or two and see what happens... In 99.9% of the cases, they should all be there, but every once in a while (maybe one out of a 1,000 or maybe less) they might not be there... They should especially be there if you sourced your hardware wallet through an official distribution chain, rather than getting it from some discount (not correct/official) distribution source... but to be safe, as you say Gachapin, you might not be sure if your supply chain has been compromised.. so who wants to become a statistic merely due to a wee bit of laziness (or lacking in abilities to defer gratification) in terms of a mere 1 or 2 week wait?..   By the way, if you don't put enough funds on there, the hacker might wait a week or two, as well.. so even the waiting a week play might not completely prevent you from losing all of your cornz. that is if you do end up putting all of them on there.

I understand that some people like the idea of using 2/3 multi-sig.. but we also mentioned that has its own problems.. while at the same time, 2/3 multi-sig does make it more difficult to be rug pulled merely because of a problem of any one of the hardware devices.... but just seems like so much work to set up something like multi-sig. and the problems that Hueristic had pointed out with Andreas Antonopolis video discussing such multi-sig complication matters, too.

almost 10 years of bitcoin for me.. .. life before bitcoin and life after getting into bitcoin.

My 10 year anniversary in bitcoin is in May 2024. Hopefully we have an approved spot ETF by then & an ATH maybe.

I was a fresh faced mid 20’s noob back then. I have done very well from bitcoin but my God, it ages you.

Funny how many of us here are celebrating our 10th year since ‘enlightenment’!
I too started out on the mining front to make a bit of “free money”.
Now, setup well and retired I find the idealisms of freedom much more appealing.
I thought E Snowden’s speech at the recent Bitcoin conference in Amsterdam was quite inspiring.
You guys catch it?

Pray tell.

I was going to say "link or it did not happen"  but instead I found my own link..

https://www.youtube.com/watch?v=H-fQ7i8q5C8

and then watched it.. ONLY 29 minutes (including the after-commentary), so at 1.5x only around 20 minutes.

Bitcoin's gentle dip 📉
One thousand points softly slip 📉
Hodlers stay calm 😌
No need for alarm 🚨
Small moves in this crypto ship 🚢
#haiku

That couldn't be a haiku..

but you had me anyhow, until you used the "c" word.

The journey of #Bitcoin  is measured not in speed, but in the steadfastness of its trajectory. Even in slowness, it forges the future of finance. 🐌 🌖

That’s a beautiful quote from @bitcoin handle on Twitter (X), I remember this handle used to be biased and was promoting BCH… but now it looks someone pro-bitcoiner owns it. It also links official bitcoin.org in its description now.

Why no link?

Why force us to search to see which parts of your post are quotes from the source and which parts are your own words?

[cafter]

Snip

Bitcoin's value dips,
A thousand points down it slips,
Hodlers keep their grips.
#haiku

[JayJuanGee]

These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Greed?  
SBF now officially the greatest cryprofucktard of the century?
It hasn't been a big secret that he was after $ after all from the beginning (through arbitrage, as most of you know).
The hardcoded fund values found in the source code are hillarious!

For some reason in my thinking SBF's behaviors seem to go much further than simple greed to the extent that we might believe that it was not a purposeful attack on bitcoin (with various behind the scenes actors... a kind of PsyOp involving the parents and various deep state actors, if you must.. am I starting to sound like torque?), but if we go with a more simple criminal actor and lust for power explanation (which it seems is that is a kind of preferable story.. figure out some way of throwing someone under the bus rather than looking at broader plots), it seems that Sam had been trying to take risk and to buy influence and thinking that it will all work out in the long run to but making BIG leveraged gambles because sometimes they might be able to acquire more and more assets and businesses with their fake money and then be able to siphon each of the businesses to keep leveraging and living large at the same time.

but.. then again, yeah, maybe that all still just boils down to various kinds of greed... some aspects of his BIG gambling plays did seems to be a bit delusional and surely sloppy.. so it all works if the money keeps rolling in.. but they way they were so irresponsible in their various trades did not really seem like it could have had been sustainable, even if they might have been able to keep it going for another bitcoin cycle (a BIG IF) because history ONLY ends up playing out one of the ways, so we are in a bit of a dreamland to ask what if FTX had not failed at that time and were able to get funding and to last through one more bitcoin cycle?  What if?  what would have had happened?  Seems like a fantasy to go down such a road.

[Biodom]

VIX is up 19.7%16.8 today alone.
Gold is up 3%
Oil is up 5%
Nasdaq is down 1.2%
Bitcoin is up 0.5%

interesting...bitcoin is a "thing" by itself, but VIX is reading something potentially "bad".
Are we close to a 1973-like situation? Maybe, but it could be something different.

[ChartBuddy]

Explanation
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[SamReomo]

These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Greed? 

SBF now officially the greatest cryprofucktard of the century?
It hasn't been a big secret that he was after $ after all from the beginning (through arbitrage, as most of you know).
The hardcoded fund values found in the source code are hillarious!

Not just greed for $ but the quest to show fake goodness to community in order to get fame, money and everything. That guy pretended to us that he loves animals and that's why he's vegan and got support from animal lovers. Such a monster guy who had no values at all but fame, money, and maybe lust. Calling him cryprofucktard will be an insult to this word he's more than that in fact he's the monster that we had in the clothes of a sheep.

[BitcoinGuru101]

It's a big day for market futures.
  As it is the last day of appeal.
  SEC approval of a grayscale ETF could lead to greater market volatility following application results.

[ChartBuddy]

Explanation
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