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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.4%)
7/28 - 11 (15.1%)
8/4 - 16 (21.9%)
8/11 - 7 (9.6%)
8/18 - 4 (5.5%)
8/25 - 4 (5.5%)
After August - 30 (41.1%)
Total Voters: 73

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26429195 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
OgNasty
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August 02, 2024, 07:03:47 AM

Let’s pretend…

you seem to be living in a fantasy

I’m glad you’re sticking with me…
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August 02, 2024, 07:27:47 AM

In the case of the USA, I don't really understand it.
It’s the same as Germany. They have rules and processes setup to deal with confiscated assets. They can’t just decide to keep something if it may go up in value. I imagine it would easier to auction the BTC no matter what and try to pass a bill to begin buying BTC then it would be to just move the confiscated BTC into a reserve fund. Especially when you consider that a lot of that BTC was stolen from actual victims who probably want to fight to get it back (see: Razzlekhan).
Ok didn't know that. And after all we wouldn't know if they have accumulating BTC for a long time. If the US government knows that countries like Russia and Iran and North Korea get into BTC big time, it is hard to imagine that they would not acquire a decent amount of coins over time for themselves without letting the public know. Would they have to let the public know in theory?

Of course if the victims are known or could be identified at some point in the future, then you are perfectly right that they can't just keep those coins for themselves. But my guess would be that that a good amount of those confiscated BTC come from drug dealers. What would the correct legal way then be when someone sold drugs for $10,000 in BTC, gets caught, and in the meantime those BTC increase in total to $100,000 until the case has been settled? Put aside the fact that someone might have to go to jail, but would the drug seller have the right to at least get back some of the value (after paying a penalty)?
For sure, I am also concerned about due process and the obligations of any governments that seize bitcoin, and for sure property and due process rights and even criminal laws are going to vary from country to country.. whether we are referring to a national government that might engage in such prosecution or sometimes it may well be a local government that had engaged in the seizure.. including in the USA property rights tend to be defined by state law.. even though the categories of what laws apply to whom and who's property we are determining (including governmental overreach) can also sometimes become factors.
The right way is definitely to auction it as they would any other seized property or return it to victims. The government should start their stack fresh with no potential claims against it. I saw a bill was just introduced to buy 1,000,000 BTC for the government. Let’s pretend for a second that the government could buy that much BTC and the market could absorb it like a traditional stock market. Using current pricing and expected investment to market cap multiples (x40), that alone would push the price of BTC to $190K. More realistically though, it would moon the price due to lack of supply and additional demand. I don’t think $300K+ is out of the question for next year and this could be the way.

First of all, you are not going to get a change in USA law to cause the bitcoin that it already holds to either become unencumbered or any claims against them to be resolved right away (by executive order or even by congress) since there are due process and property rights clauses in the constitution.

Second, that proposed legislation is not even close to being passed, so you seem to be living in a fantasy if you believe that the US government is going to start buying BTC in order to reach some kind of a "strategic reserve target."  Let the proposed legislation pass and the president sign it first, before you start getting all excited about something that merely has been proposed and it has to get through the senate, house and then past the president's desk.. and then what kinds of dates does it have to become effective (does supposed fantasy law describe if the coin acquisition would be overt or covert or both?).

Don't get me wrong, I am finding it quite interesting and perhaps also bullish that several of the talking points about bitcoin  (and crypto) has changed in the past several months.. yet it still could take a bit of time before actual friendly legislation goes through, even assuming either legislation or executive actions might end up continuing to progress.


You are absolutely correct @JJG, I mean this is politics and everything is/can be possible and we shouldn't be so carried away by what the US said concerning Bitcoin perhaps we should be careful and mindful of what we want to believe because I see this... As a strategy for him to get into power, years back same person was kind of criticizing Bitcoin but whatever it is, I hope it doesn't turn to affect us negatively.
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August 02, 2024, 08:01:13 AM


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August 02, 2024, 08:52:00 AM
Last edit: August 02, 2024, 09:09:18 AM by OutOfMemory
Merited by JayJuanGee (2), vapourminer (1)

Just roll the scroll-wheel.
yeah.. about that..

A clear case of JJG right there.
Protip: Some of you guys just need to up your mousie game (also known as baby ratt).  
Protip for the ones scrolling a lot: Trackballs.

EDIT: And if you're also pointing and klicking tons of times, use them left handed for scrolling . or right handed if you're a left-hander.
You can also map your mouse scrollwheel to something else than scrolling windows.

hahahahaha

I find it a wee bit funny that you are quoting the "protip" portion of my post, especially for the last couple of years, I have never meant to use the term "protip" in a completely literal way.. ..

I consider the use of "protip" to be a bit of a purposeful exaggeration..

I think that I heard "Joe Rogan," say something like that in one of his podcasts, and thereafter, I had continued to consider the use of "protip" as a kind of fun comment, rather a serious or a literal one.

Yeah, my "Protip" itself was meant as fun, directed at your use of the "Protip" word, while the content following was serious.
Nowadays, it seems to me that "Protip: ..." became some sort of a memetic introduction tagline (or something like that, which i don't know a better term for), or as you described it: a purposeful exaggeration.

Sometimes i got to use these keyboards integrated into video cutting workstations when i was working in the broadcasting area (decades ago), which had built-in trackballs for quickly navigating through content. And man, these were quick as hell. The best thing about them is that they are weighted (and heavy) so they spin on their own for a while after accelerating them.

Starting to believe that this is not the place for me anymore.

Even off-topics are not fun anymore.

WO turned into a cult with people what they want to hear.

Initial years where great thought.



Things are always gonna change.

Protip: Adapt.

For example, Bob used to post a lot of funny (and also sometimes garbage) stuff, besides serious posts, until he went through a personal change, which is just what happens in life, too. He adapted well, by still reading the WO, but shifting importance of WO community life to other topics. It's just about balancing priorities.
I'd recommend to just take it back a little, reading along, trying to (re-)discover the fun in these here parts again. And historically, at least as long as i am a member of this board, the WO was never a place of much fun when times were bearish or sideways. Somehow you have to live through that, ignore the trollz and beggars, just be yourself, engange only in conversations you'd see a benefit for you or the other participants and take things more lightly.
Your mind will likely try to draw your attention to your Ego's "this place doesn't fit me anymore" drama, but you gotta ignore this and remind yourself why you are actually here.
(For example: my occasional Astrophotography stuff  Cheesy Cheesy Cheesy)
Seriously, it's like every other personal relationship, after intense times together, it needs time for ones self. But not so much in a switch-on/switch-off manner, but better trying to balance it.
Don't cut off your roots, baby Wink

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August 02, 2024, 09:38:40 AM
Merited by El duderino_ (4), bitebits (1)

Please go up Bitcoin.

Some of us have hopes and dreams of extreme opulence.

I’m going to need you to start providing me with plentiful green candles. 
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August 02, 2024, 09:49:35 AM
Merited by El duderino_ (20), JayJuanGee (1)

https://www.autoexpress.co.uk/consumer-news/363911/car-hacking-software-use-uk-police-shrouded-unacceptable-secrecy


A privacy campaign group has accused the police of “unacceptable secrecy” after almost two-thirds of the UK’s police forces have refused to confirm whether they utilise specialised car-hacking software, which can download data ranging from sat-nav destination history to text messages and even bank details from cars’ on-board computer systems.

One of the few forces willing to be transparent about their use of such software is Derbyshire Constabulary; the police here admit to utilising a vehicle forensics system known as iVe which can be plugged into a car’s computer in order to extract what has been described as a “vast treasure trove” of data, including where the car has been.




Can't catch me in this
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August 02, 2024, 10:01:15 AM


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BitcoinBunny
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August 02, 2024, 10:13:43 AM

https://www.autoexpress.co.uk/consumer-news/363911/car-hacking-software-use-uk-police-shrouded-unacceptable-secrecy


A privacy campaign group has accused the police of “unacceptable secrecy” after almost two-thirds of the UK’s police forces have refused to confirm whether they utilise specialised car-hacking software, which can download data ranging from sat-nav destination history to text messages and even bank details from cars’ on-board computer systems.

One of the few forces willing to be transparent about their use of such software is Derbyshire Constabulary; the police here admit to utilising a vehicle forensics system known as iVe which can be plugged into a car’s computer in order to extract what has been described as a “vast treasure trove” of data, including where the car has been.




Can't catch me in this

Probably will still work when all the cyber trucks are rusting away in a landfill.
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August 02, 2024, 11:01:14 AM


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August 02, 2024, 12:01:17 PM


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philipma1957
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August 02, 2024, 12:37:50 PM

https://www.autoexpress.co.uk/consumer-news/363911/car-hacking-software-use-uk-police-shrouded-unacceptable-secrecy


A privacy campaign group has accused the police of “unacceptable secrecy” after almost two-thirds of the UK’s police forces have refused to confirm whether they utilise specialised car-hacking software, which can download data ranging from sat-nav destination history to text messages and even bank details from cars’ on-board computer systems.

One of the few forces willing to be transparent about their use of such software is Derbyshire Constabulary; the police here admit to utilising a vehicle forensics system known as iVe which can be plugged into a car’s computer in order to extract what has been described as a “vast treasure trove” of data, including where the car has been.




Can't catch me in this

Probably will still work when all the cyber trucks are rusting away in a landfill.

Not a fan of the cyber truck from Tesla but we are not going to see them rust as stainless steel is really rust resistant.
the top of the Chrysler Building  is all stainless steel and over 90 years old not much rust at all.
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what is this "brake pedal" you speak of?


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August 02, 2024, 12:42:51 PM
Merited by psycodad (1)

https://www.autoexpress.co.uk/consumer-news/363911/car-hacking-software-use-uk-police-shrouded-unacceptable-secrecy


A privacy campaign group has accused the police of “unacceptable secrecy” after almost two-thirds of the UK’s police forces have refused to confirm whether they utilise specialised car-hacking software, which can download data ranging from sat-nav destination history to text messages and even bank details from cars’ on-board computer systems.

have you ever read the EULAs on your (recentish)  cars info screen? especially the ones pertaining to reading a linked phones text messages contact lists etc.

its wild and not in a fun way.




Can't catch me in this

nice. i wish i had one..

its  jeep CJ/XJs for me for old skool tech and grunt haha.
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August 02, 2024, 01:01:14 PM


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what is this "brake pedal" you speak of?


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August 02, 2024, 02:27:13 PM

so buddy.. wassap
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August 02, 2024, 03:01:16 PM


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August 02, 2024, 03:23:02 PM
Merited by El duderino_ (5), vapourminer (1)

O/T

Apparently another man has fairly won against a stupid moaning woman in an Olympics female boxing match.

I'm rooting for Michaela Tyson to win in the final against another man.

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August 02, 2024, 05:09:46 PM
Merited by bitebits (1)

Holding up relatively well despite the negative stock market headlines etc.
Obviously 70K+ would be better.
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