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

[philipma1957]

So apparently BRICS are going to use their gold backed "currency" for international trade.  That's China, India, Brazil, Russia, South Africa, Egypt, Ethiopia, Iran, Emirates, and probably more to come.

If the USA are not going to use that asset, I actually see, apart from war, only one alternative for them to satisfy with another currency.. Something better than gold.

A "currency" whose security is backed by energy and that can be transferred without a middleman as digital information, a currency that no one controls.
You all know, as of today, there is only one potent asset of that kind.

I don't say Bitcoin used as the asset for international settlement is going to happen 100%, but it's in the cards.. and quite likely at that in my view. The price of 1 Bitcoin would then be several millions.

Let this be a reminder.  

Yes, sell when you must, but always be aware of the huge potential this invention that you own a part of has.

This Brics bank is a joke... have you seen who the president of this bank is? Google it and see how bizarre it is....

please elaborate. thx

https://www.hindustantimes.com/world-news/former-brazilian-president-dilma-rousseff-is-new-brics-bank-chief-101679666146344.html


maybe he thinks this one below is the person in charge.

https://www.voanews.com/a/brazil-s-military-leaders-told-police-bolsonaro-had-election-reversal-plot/7529896.html


but Dilma is also pretty fucked up
https://en.wikipedia.org/wiki/Impeachment_of_Dilma_Rousseff

[Gachapin]

So apparently BRICS are going to use their gold backed "currency" for international trade.  That's China, India, Brazil, Russia, South Africa, Egypt, Ethiopia, Iran, Emirates, and probably more to come.

If the USA are not going to use that asset, I actually see, apart from war, only one alternative for them to satisfy with another currency.. Something better than gold.

A "currency" whose security is backed by energy and that can be transferred without a middleman as digital information, a currency that no one controls.
You all know, as of today, there is only one potent asset of that kind.

I don't say Bitcoin used as the asset for international settlement is going to happen 100%, but it's in the cards.. and quite likely at that in my view. The price of 1 Bitcoin would then be several millions.

Let this be a reminder.  

Yes, sell when you must, but always be aware of the huge potential this invention that you own a part of has.

This Brics bank is a joke... have you seen who the president of this bank is? Google it and see how bizarre it is....

please elaborate. thx

https://www.hindustantimes.com/world-news/former-brazilian-president-dilma-rousseff-is-new-brics-bank-chief-101679666146344.html


maybe he thinks this one below is the person in charge.

https://www.voanews.com/a/brazil-s-military-leaders-told-police-bolsonaro-had-election-reversal-plot/7529896.html


but Dilma is also pretty fucked up
https://en.wikipedia.org/wiki/Impeachment_of_Dilma_Rousseff

I wouldn't argue about bad people running the BRICS bank. (I think the same may go for the FED and others.)

I actually wanted to know why he thinks it's a joke, and why BRICS trade strategy wouldn't become a danger to the US side.

[Gachapin]

...

totally OT:

Phil, what do you think the all-time low hashprice will do to the price?

[JayJuanGee]

dip around the halving... call me shocked

Hi shocked.

It will tank to ~$50k ore even $40k support depens how many rockets Israël fires.

Market is uber bearish.

ETF's are done buying and Hong Kong pumping Bitcoin was fake.

Barry Shillbert still selling.

Retail is broke.

No demand.

Perhaps this halving will be a total flop.

You are really a BIG party poop.. I must say.

We can hardly say that the halvening was a flop..

Holey fucking shit.. Had you not even noticed that we had a new ATH about a month prior to the halvening?

Many of us should be feeling quite good. .and you are looking for sub $50k or $40k, but remember in October/November, you were looking for $20k-ish, and how did that work for your "predictive powers"?  So far?

And gosh your assertion about ETFs stopping in their buying is way fucking premature.. They are barely getting started.. In the USA, there are all kinds of RIA (Registered investment advisors) that are barely getting authorized to offer the BTC spot ETFs. .and institutions are barely finding out that bitcoin spot ETFs are being made available to them.

I will admit that sooner or later you are going to end up being right.. and then you will tell us "I told you so," but really those ongoing downward predictions coming from you must considered as a kind of comedy..   No?

Observing 59,076@Stamp
Very boring day.
Commie party here, found a way to work a little bit just because.
New poll idea : What comes first? Page 33333 or ATH?
Bored to death, this is silly.

That is way too low for your ooops.. I misread your post..

Maybe what comes first Sub $44,444 or new ATH.. that would be a more interesting poll.. and I am really having trouble believing that we will go below $55k and then below $50k.. even though I surely understand that anything can happen, but we have to be somewhat realistic in the kinds of numbers that were are suggesting to even be reasonable "in times like these."

Let me start over.  That would be too soon to get an ATH before the pages reach 33,333.. that is 2-3 days so perhaps over the weekend.. but jeez fillippone.. you must be delirious!!!!!  nohomo

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

...

totally OT:

Phil, what do you think the all-time low hashprice will do to the price?

Well depends on duration of it. If we stay in the 4 cent a th level long enough miners will shut down a lot.

Maybe the death spiral that has been feared happens.

Or a simple drop in hash to help miners survive.

We saw crazy hash rate drop in april 2021 which dropped  prices 60 to 30k.

not so sure what will happen but I will be watching.

[JayJuanGee]

Over the last decade, this market has become all too predictable.

The whales now are gunning for sub 50K, and they will eventually crash it down below that.

Why sub 50K?

Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.

They always short it back down to where they started. Dumping into their own (fake) buy walls.

It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.

Easy problem to solve tho, just HODL.

I have a problem with your seeming assertion of inevitability of sub $50k... I am not going to claim to know anything about where the BTC price is going to go, but we are still not even out of no-man's land (which starts around $55k and the pump actually seemed to have had started around $53k-ish), so it is not necessarily going to be easy to get $50k or even sub $50k... even though surely there are several bears who would really get wet dreams out of such, but the bears don't always get there their way, since if they did always get their way, we would still be sub $500... Remember the 6-ish months between November 2015 and May 2016, there were so many folks saying that supra $500 was never going to happen again.. and you see how that ended up playing out..

It is sort of funny that this message got cited live by Tomas on World Crypto Network..   it was at minute 50 and 44 seconds  (you can hear it right here (queued in and everything).  
He read it (as a "shout out"), and he said, looks they are allowing shout-outs, but he did not speak of the substance of the message, so admittedly, he must not be a WO regular (or perhaps a forum regular).. not that anyone would automatically get the context.

In my world, it's unfathomable that someone doesn't know JJG.

Hahahahaha

BTC dumping harder than many shitcoins  

Yeah, but so what?

Why would that even matter?  We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?

When we can back at $70k?

Soon.^tm

Nice to see CB back, with that said FU CB!

While I'm at it FU JJG.

#Thursday

Dear fan(s):  It is nice to be remembered so fondly.

Observing $58,237.

58k Gang is back.

I’m not convinced but I really hope the bottom is in. What does everybody think, bottom in or we go lower?

I am going to stick with my tentative sense that the odds for up are greater than the odds for down, since we still are in no man's land.. so we would have to get below $55k before I might change my tentative sense.. .. so as a ballpark idea, we have to be right around 55%-ish odds for up..

[Biodom]

...

totally OT:

Phil, what do you think the all-time low hashprice will do to the price?

Well depends on duration of it. If we stay in the 4 cent a th level long enough miners will shut down a lot.

Maybe the death spiral that has been feared happens.

Or a simple drop in hash to help miners survive.

We saw crazy hash rate drop in april 2021 which dropped  prices 60 to 30k.

not so sure what will happen but I will be watching.

...price dropped 50% because of the China ban and obvious chinese miners disconnect due to the ban.
The ban came first.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

BTC dumping harder than many shitcoins  

Yeah, but so what?

Why would that even matter?  We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?

money flowing from BTC into shitcoins could indicate whales preparing for another leg up... or something else...

but probably just stupid ETF buyers selling

[JayJuanGee]

So the fed adjustment of zero% is done and btc is making a slow recovery. I am hoping to see decent gains from May 2 to May 21.

Maybe we top 70k this month

Where (when?) have we heard that one, previously?

...

totally OT:
Phil, what do you think the all-time low hashprice will do to the price?

Well depends on duration of it. If we stay in the 4 cent a th level long enough miners will shut down a lot.

Maybe the death spiral that has been feared happens.

Or a simple drop in hash to help miners survive.

We saw crazy hash rate drop in april 2021 which dropped  prices 60 to 30k.

not so sure what will happen but I will be watching.

Main problem with your rendition is that hash does not lead BTC price, even your historical assessment regarding the 2021 price drop...

But hey whatever, you are free to believe what you like.

BTC dumping harder than many shitcoins  

Yeah, but so what?

Why would that even matter?  We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?

money flowing from BTC into shitcoins could indicate whales preparing for another leg up... or something else...

but probably just stupid ETF buyers selling

Your "strong" defense of the topic bolsters my earlier assertions regarding that it is likely pretty damned close to irrelevant..

hahahahaha

[Gachapin]

BTC dumping harder than many shitcoins  

Yeah, but so what?

Why would that even matter?  We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?

money flowing from BTC into shitcoins could indicate whales preparing for another leg up... or something else...

but probably just stupid ETF buyers selling

Your "strong" defense of the topic bolsters my earlier assertions regarding that it is likely pretty damned close to irrelevant..

hahahahaha

I don't need to defend anything. I observed what Bitcoin was doing in the "digital asset market"...

If that info is needles for you, fine.. but you don't get to speak for every WO reader out there, even if you might wanna assert that by using the word we

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cryptofrka]

52 is likely, unless we reclaim 61.

It's irrelevant tho, that's just short term. I believe 200k+ in this cycle is inevitable.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

I saw Arriemoller's "last active" status changed to 2 weeks ago.
If he didn't leak his password or stored it in the browser and got his laptop stolen (or inherited), he should be alive.
On the other hand, he didn't check or respond to (my) PM...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com