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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[OutOfMemory]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

This is candy:

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 

[Gachapin]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

good lord...  reminds me of:

https://www.facebook.com/watch/?v=292611932611577

[fillippone]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

This is candy:

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 

I would expect a serious analysis of the Bitcoin protocol, highlighting its flaws and deficiencies. A clear and factual explaination why euro is a superior currency, money and store of value.
Not a delusional rant.

[xhomerx10]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

 If only they would use the same rigor when it comes to say... teaming up with the USA to needlessly bomb the living shit out of third world countries thereby forcing millions of asylum seekers to surge into their countries  ultimately redistributing wealth at the expense of the "unsophisticated" citizens while at the same time making it look so easy and lucrative that non-asylum seekers would risk their lives on over-loaded, rubber dinghys as they attempt to simply escape poverty...  at a cost of anywhere from 10,000€ to 20,000€ each just for processing.

 but yeah, bitcoin bad.
 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Imbatman]

I don't post often, but have been part of this forum for 11 years.  I'm looking for someone to provide a counter argument to these statements, which is where I believe we are going in the next ten years:

The approval of the Bitcoin ETF should be an absolute game changer in the sense that:

1.  Most people buy ETF's for the long term; they are usually not looking for a quick profit buy/dump.  They are a crucial component to many 401k programs where as we all know -- funds get bought and held for the long term.  Obviously yes, at point of retirement, distributions are taken, but right now - there is much more buying going on than selling and this should continue slowly and steadily into the foreseeable future.

2. Couple this with the fact that around 88% of the total supply is already in circulation, how can we not continue to see a slow and steady growth in price as the scarcity issue gets larger and larger each day?

3.  Approval of the ETF albeit even while that arsehole Gensler poo-pooed it gives it even more legitimacy to the consumer that was previously wary.

4.  Exchange supply is extremely low right now, and the halving is right around the corner.  Our current price may already reflect all of the points I am making, but again, as time goes by and supply remains limited, where else can we go but up up up?

5.  I see $100,000 on the horizon but I see us reaching this slowly over the next 18 months.  

What a great time to be a proud believer in Bitcoin.

[BitcoinBunny]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

Luckily for all its users, Bitcoin does not answer to the ECB.

It must be very frustrating for them that they can put blackmail fines on all companies operating in - and citizens living in the EU but not on Bitcoin.
 


Why are they wasting time on discussing Bitcoin anyway, when they can discuss sending another €100 billion to Saint Holy Pope Zelensky of esteemed model innocent country Ukraine?!

Because THAT is totally not leading to problems and only making innocent and "the less sophisticated" people happy, right?

Either that, or they can crawl even further up Joe Biden's rotten dirty arsehole.

Just an idea.

----

The comments on the ECB tweets are hilarious because they are true:

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 

[Toxic2040]

re: ECB bs

sauce: reader added context from X

1 BTC is not preferable for criminals; fiat, like €/$, is

https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/
https://transparency.eu/priority/financial-flows-crime/
https://home.treasury.gov/system/files/136/2022-National-Money-Laundering-Risk-Assessment.pdf

2 Bitcoin is an open monetary protocol and a decentralized store of value

https://www.imf.org/en/Publications/fintech-notes/Issues/2023/12/05/Macro-Financial-Implications-of-Foreign-Crypto-Assets-for-Small-Developing-Economies-541440
https://ledger.pitt.edu/ojs/ledger/article/view/167

3 The euro is losing its purchasing power against Bitcoin constantly

https://tradingeconomics.com/eurbtc:cur

4 Bitcoin is good for the environment

https://www.sciencedirect.com/science/article/abs/pii/S1364032120308054
https://www.sciencedirect.com/science/article/pii/S0928765523000313
https://www.sciencedirect.com/science/article/pii/S266679242300015X
https://ieeexplore.ieee.org/document/9588243
https://www.sciencedirect.com/science/article/abs/pii/S1364032115000672
https://ledger.pitt.edu/ojs/ledger/article/view/278
https://link.springer.com/article/10.1007/s12599-021-00686-z
https://www.sciencedirect.com/science/article/pii/S235248472202039X
https://www.mdpi.com/1996-1073/16/3/1200
https://linkinghub.elsevier.com/retrieve/pii/S0360544220309506


dyor

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Toxic2040]

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 

+1 WOsMerit



re: mewn


it just keeps bull flagging.....dont know what to say other than buy dips when possible and continue the hodl
corn is at its ATH in 14 currencies around the World...probably nothing



kitteh stalking fiat
4h

stronghands

[cygan]

BTCitcoin at german bundestag

[Greyhats]

for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

So something I did about two years ago, was to add my nearly "agressive dca" amount to my emergency fund so that if in the future i had to tap the emergency funds for month to month living I could continue to dca into BTC. Just some food for thought with good planning you dont have to wimpy if you lose your job.

[OgNasty]

Tech stocks are rallying pretty hard today after the earnings report from Nvidia surpassed revenue expectations. Usually this sort of rally would bleed into Bitcoin but it hasn’t yet. This is that resistance level I was saying is the last barrier between us and the all time high. The market keeps chipping away at it… Monster rally incoming soon.

[WatChe]

I would expect a serious analysis of the Bitcoin protocol, highlighting its flaws and deficiencies. A clear and factual explaination why euro is a superior currency, money and store of value.
Not a delusional rant.

TBH both Bitcoin and EU have there own use cases along with pros and cons. We can't compare apple with oranges, same is the case with Bitcoin and ERUO.
This comparison always remind me about this saying, "Don't compare yourself with others if you do so you are insulting yourself.".
Bitcoin is best in its sphere and we don't need its comparison to prove it.

[BitcoinBunny]

White people no longer exist according to Google's AI "tool".

Google to fix AI picture bot after 'woke' criticism
https://www.bbc.co.uk/news/business-68364690


An Indian billionaire at the helm of Google is still not enough to fix things.



You.white.guy.out.there.are.the.problem.for.everything.and.you.will.pay!!

End.of.

I don't want to hear any rebuttal, or you are wacist!

The claims picked up speed in right-wing circles in the US, where many big tech platforms are already facing backlash for alleged liberal bias.

That's right, because anyone who has a problem with historic inaccuracies is ultra right winged.
You are so right winged in fact, that you probably have a Zyklon B infused shower at home.
You may as well change your name to Adolf, let's be honest.

----

This AI shite seems to be the biggest bubble since the Dot Com boom, certainly with this amount of nonsense propaganda injected from the go, but whatever....
I wonder if a light bulb will ever go off in Nvidia and Microsoft shareholders that this is merely machine learning and not really AI yet.... Hmmm....

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com