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

[bitnote]

Long absence broken,
ChartBuddy's new AI mask,
Bitcointalk's masked grace.

[1714283646]

1714283646

[1714283646]

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[Learn Bitcoin]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

interesting how market don't care about gox or Binance fud (yet)

There was a little movement when CZ announced his retirement. But everything became normal again 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

happy turkeyday buddy

now go get some ATH numbers

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Is it just me that this looks like an open book?

An open order book... bids to the left, asks to the right.

Left, green side, what has been read, and right, red side, unknown and still to go through it  

That is not right.  

The price has not gone through either of the sides, and the orders are out there and pending and even if the BTC price had recently moved from down to up, those orders on the left hand side were placed after the price went above what ever point they were set.

The same is true on the right side, the BTC price might have gone up and then filled some of the sell orders, but then when it comes back down, new sell orders are placed, and sometimes a lot of sell orders are put in place and will cause the sell wall to look quite large, but then the sell orders could end up suddenly getting removed, which frequently we have referred to those sudden appearance and disappearance of walls as fake walls and may well be established by ONLY one entity trying to affect the movement of the price or even to cause folks to believe that there is more resistance and/or support than actually exists.

but still, I wouldn't recommend a ledger to anyone

You shouldn’t “recommend” anything to anyone, rather let them do their own research (with pointers if you must).

I tend to recommend things that I know and have used rather than things that I have not, and then I also will tend to recommend not using certain things that I don't for some of the reasons that I might have come to some of my conclusions NOT to use some of the things that I don't use.  Of course sometimes, any of us might not have enough information to have a strong opinion, and even when recommending anything, we might still need to make sure that the person has to figure out the details themselves and figure out their own due diligence levels rather than merely relying on someone else who may or may not know enough about the products and/or services that is being discussed.

Now, where is that fagot bot?

I will neither admit or deny fitting that descriptive in the real world (or even in cyberspace), even though I can see that you are referring to yours truly...  

so in accordance with that.


Here I am.  



Thanks for asking (I think) about wee widdo ole me.  I am soooooo soooooooo glad that you care.

9 Problems With Generative AI, In One Chart
Pretty good summary on your ass, wouldn’t you say JJG?

Not a bad summary on the topic of the current "issues" with generative AI.  

In regards to your seemingly wanting to ask about this here wee widdo kitty-cat (and showing that you care), I don't tend to want to share too many of my own personal problems, "issues," and details except maybe from time to time, I will cryptographically refer to some of my own personal matters or place them in a kind of story, a hypothetical or a description of a "friend" that might perhaps be: 1) made up, 2) true 3) partially true, 4) perhaps completely invented out of thin air, or 5) various combinations of the above.

[xhomerx10]

[JayJuanGee]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

Yes it is likely that more and more jurisdictions will be allowing banks to custody bitcoin and other "crypto" assets.

I don't really like the descriptors of "custodial" and "non-custodial" because they seem to be purposefully confusing and probably a kind of an attack on the idea of self-custody.  Self-custody is not "non-custodial," so it is a bit of bullshit to go along with those kinds of descriptors because it seems to want to normalize the idea that custodial is better, which truly is not the case in bitcoin.  We get way more power from self-custody, and probably the world is going to be a better place if a very large number of people are engaging in various forms of self-custody rather than using third-party services (whether wallets, exchanges, banks or other kinds of third party services),

...and don't get me wrong, I surely am not opposed to the existence of various kinds of third-party custodial services... yet one of the powers of bitcoin remain in the fact that it is actually a bearer instrument which means that whoever has custody of it has the value under their control... and the basic idea is that ONLY one person can control and/or hold the value at once, even though one of the amazing things about programability is that more than one person could share custody or even more than one person can have the key, but if more than one person has access to the key, then the first person to move the bitcoin that is under control of that key, then the other person might not be able to stop them, if they are merely sharing the same key.

I surely do not claim to know all of the ramifications of the various custodial options, and many of us are still getting used to these ideas, but the custodial attack is surely on the menu of many of the anti-bitcoiners in recent times and/or even some of the status quo powers that be that want to control bitcoin (or get it under control.. or create an appearance that they have it under control.. which they are likely not going to be able to accomplish unless people give up their abilities to engage in various forms of self-custody.. which maybe is another way of saying self-sovereignty.

[LFC_Bitcoin]

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a bit of a bitch to break atm.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[rdbase]

Coinbase CEO on Binance: Good for the industry to turn the page, make sure we're following the law
https://www.youtube.com/watch?v=at8mI2ILsyk

Dramas again
I'm too old for this
He's speaking like he's any better
CZ acted like an Angel during the FTX bankruptcy
Now its Armstrong turn.

15 months to pay back the fine is a long time
With Binance history
they might use customer funds underhandedly to pay back
Let the breeze just pass by
Before Gary something adds to it.

Dramas?
They were breaking laws imposed by a governing country?
How can anybody with a working mind in anyway see any drama in this? It is setting the precedence for how the US government will see cryptocurrency in the creation of any future crypto bills for all states. Not just for the current one in New York. Its why Coinbase is being viewed as the golden child in their and BlackRock's eyes.

https://twitter.com/robustus/status/1727066824507093356

CZ brought down FTX by exposing SBF and his conman workings.
So respect the guy for doing that atleast with this video released the other day if he was a Wolf on Wallstreet  :
THE BEST VIDEO ON THE INTERNET RIGHT NOW

https://twitter.com/blackbeardXBT/status/1727189339791360000

[philipma1957]

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.

I am already past 38k I am looking to be over 40k 🔜

edit : 40k is my next 1% sale

[Lucius]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

People are rooting for anything that can raise the price of Bitcoin, and I guess they think that the Bitcoin logo on the door of their bank will mean that the price will explode. Also, in order to be afraid of something, you need to understand it first, and how many people know about Bitcoin more than they have created an account on some CEX and added their bank account for buying/selling. When you tell them something about private keys and the risks they face with custodial solutions, they look at you in amazement as if you were talking about atomic physics.

In addition, all these custodial solutions when it comes to banks are (so far) exclusively related to services for institutional investors, not for ordinary people. In other words, banks want to compete with companies like Coinbase that provide just such services.

[OutOfMemory]

The main reason, for me, was that i got the actual price at the time of ordering, regardless of the price when paying (usually later, depending on the payment method).
Second reason was that the price at the broker got averaged and updated every 90 seconds, which allows to catch dips while the prices already goes up on exchanges already.
Something like an arbitrage-proximate time machine  

Another bonus, whichever address the customer sends the Bitcoin to, if it's his exchange wallet, the original fiat buy is tainted.
And of course, you don't need to have money lingering in your exchange's fiat wallet to make a quick buy (preferably if bitcoin price goes south).

All of your above arguments are summed up in my first two: “KYC, or …”, but let’s not forget the hefty broker’s fee.
That said, it’s nice to see you posting something sincere for a change.

quid pro quo  

OT: Got lost all the day in trying to fix my PV inverter after a firmware upgrade, when it refused to connect to the grid.
Support tickets, factory resets, analytics, research... no time to check BTC price  
In the end, there are problems at the grid supply, the mains frequency is out of range most of the time. I have to call an insider i happen to know, he works as a tech for the power company. Seems related to the new firmware. I think it's a bug, because the inverter should limit export power, not refuse to sync to the grid at all.
I'm going to end this day with a few extra drops of my freshly filtered cannabis oil for recreational purposes It has a ver different effect compared to vape and/or smoking, really warm and peaceful. That's probably why US cannabis-oil users often call their stuff "medicine".

However, nice to see King Daddy above $37k again, after the Binance/CZ story... Didn't do much harm to the market, all in all?

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

People are rooting for anything that can raise the price of Bitcoin, and I guess they think that the Bitcoin logo on the door of their bank will mean that the price will explode. Also, in order to be afraid of something, you need to understand it first, and how many people know about Bitcoin more than they have created an account on some CEX and added their bank account for buying/selling. When you tell them something about private keys and the risks they face with custodial solutions, they look at you in amazement as if you were talking about atomic physics.

In addition, all these custodial solutions when it comes to banks are (so far) exclusively related to services for institutional investors, not for ordinary people. In other words, banks want to compete with companies like Coinbase that provide just such services.

I guess they don't want their customers to hodl or use "their" BTC, but encourage them to trade for fiat, so the banks can make some money off trading fees aka. "custodial services" (pun intended). Banks are still fiat, stocks and metal whores. I don't expect them to change too early...

[JayJuanGee]

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.

I am already past 38k I am looking to be over 40k 🔜

Snap out of it Philip.

 


You are going to end up jinxing us, like you frequently tend to accomplish. #justsaying

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Volgastallion]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

People are rooting for anything that can raise the price of Bitcoin, and I guess they think that the Bitcoin logo on the door of their bank will mean that the price will explode. Also, in order to be afraid of something, you need to understand it first, and how many people know about Bitcoin more than they have created an account on some CEX and added their bank account for buying/selling. When you tell them something about private keys and the risks they face with custodial solutions, they look at you in amazement as if you were talking about atomic physics.

In addition, all these custodial solutions when it comes to banks are (so far) exclusively related to services for institutional investors, not for ordinary people. In other words, banks want to compete with companies like Coinbase that provide just such services.

Im seeing so much of these this days, when BTC becomes mainstream all the people only cares about the price going up, and they forgot one of the most important things about BTC, and that was his philosophy and the Why is born.

The BTC born to be a solution and a freedom choice in contrary with the manipulation and the and persecution by the government they want to have us all controlled more and more and they will end up achieving this with the elimination of cash and the arrival of CBDC or these solutions from banks or financial institutions that will control all movements.

So is good for the price? Yes and we celebrate that, but start to think about the other related things....

[JimboToronto]

Dunning-Kruger?

[shahzadafzal]

Dunning-Kruger?

Let’s learn something new