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

[welovebit]

50,000!

Great achievement sir. If I have no injury in my career I am going to follow you on this forum in coming decade good luck for your amazing past and great future here as well.

[d_eddie]

begin EDIT
They suspended the post from medium.com because it might have broken some of Medium's rules. I guess Powell doesn't like being called cuck towel boy, or Bessent doesn't have a big cock (The famous BBC), or Bad Gurl Yellen felt like being bad some more. Be as it may, the whole post is here too

https://cryptohayes.substack.com/p/quid-pro-stablecoin
end EDIT

Arthur Hayes published another of his pieces. You know I'm a fan, so take my enthusiasm with a grain of salt, and pardon his occasional anti-cuck towel bitch boy slur. Well, occasional? Whatever.

Why did the Genius Act receive bipartisan support? Is it that American politicians actually care about financial freedom?

TL;DR: Of course not. Read on.

One of the most salient examples of the government’s preference for property owners is how, during the 2008 Global Financial Crisis (GFC), the Fed printed money to save banks and the broader financial system, but the banks were still allowed to foreclose on people’s homes and businesses. Socialism for the rich, capitalism for the poor!

The gift of synthesis. I think the guy would be good at haikus. Maybe dirty ones, with crossover limerick spunk.

I believe the reason why the BBC
--(The BBC is The Big Bessent Cock.)--
is so pumped up about all things “stablecoin” is that by issuing a stablecoin, TBTF banks will unlock up to $6.8 trillion of T-bill purchasing power. These inert deposits can then be re-leveraged within the fugazi fiat financial system to levitate markets.

TL;DR: Printing without brrrr. Look ma, printer is offline!

JP Morgan recently announced its plan to launch a stablecoin called JPMD. JPMD will ride on Base, a layer-2 operated by Coinbase built on top of Ethereum. As a result, JP Morgan will have two types of deposits. The first I will refer to as regular deposits.

More stablecoins in circulation... what happens next? (I know you know. It's just a rethorical question.)

What about competition?

Don’t worry about that; the Genius Act ensures that non-bank-issued stablecoins cannot compete at scale. The act explicitly bars technology firms like Meta from launching their own stablecoins; they must partner with a bank or FinTech.

OK maybe I'm quoting too much. Just go and read it. It's less technical than usual, but still illuminating.

[Hueristic]

Explanation
Chartbuddy thanks talkimg.com

Bitcoin has deceased?

[bitcoinPsycho]

       

[philipma1957]

Buddy still racking up pointless posts with zero info.

We did touch 110k.

But still in our 100k 110k slot

[d_eddie]

I must have missed something. What's the deal with goxxed buddy?

[El duderino_]

@CryptoJelleNL
#Bitcoin local range: one last hurdle to overcome.

Break $112k and the sky is the limit.

🚀

https://x.com/cryptojellenl/status/1940709666390265989


Nearly time to enter the banana zone.

More important is the WO measurement, break 120k and we get a new chopper.

[El duderino_]

Seeing green plants will make you feel calm and fresh

Smoking some of them too.

Had one when my brother was there?

[El duderino_]

I must have missed something. What's the deal with goxxed buddy?

None grasp its meaning,
Yet it stirs, provocative,
Wall observers sway.

[bangjoe]

Seeing green plants will make you feel calm and fresh

Smoking some of them too.

It's more delicious if accompanied by black coffee.

Had one when my brother was there?

If you go to Indonesia I will give you the most delicious cigarette here.

[Biodom]

OT: stock investors investing in "treasury companies" are morons, it seems.

Example: BMNR had 6.16 mil shares, raised $250 mil at $4.5/share (55.55 mil additional shares), diluting the stock to 61.715 mil shares.
Yahoo shows current market cap based on the old share number. Duh!
Stock jumped from $4.07 to $153.20 today, corresponding to $9.455 bil market cap.
A 9.455 bil market cap company that has just $250 mil at it's disposal and nothing else, basically.
Trading at the "actual" 37.82X NAV...Saylor, eat your heart at just 1.8X NAV.

A prediction: as soon as the deal is closed and appropriate docs are filed, this will drop to maybe 250milX3 NAV maximum or 750 mil or $12/share if you are feeling generous.

What is this? A colossal grift or plain stupidity?

[Biodom]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

[OutOfMemory]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

Flat tire. Fits Lamborghini's history. Between a decade or two ago they had brake discs breaking in two, blocking a tire instantly at high speeds. I think it was the Lamborghini Countach. Little chance to survive. Imagine a single front tire blocking at 120mph *shivers*
After a few of those accidents, they investigated the issue. Shouldn't happen with a 1st class high stakes sports car.
Saw a short documentary about the problem.

[WatChe]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

Everyone who followed EPL 2024/25 must have enjoyed Liverpool performance that leads to season victory.

Very sad and tragic.

RIP Jota. You will always be remembered.
  

[philipma1957]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

flat tire was due to high speed passing.

he was likely going over 140 kilometers an hour when the tire exploded

Young and dumb and dead.

I comment on this because at 22 I was going over 170 kilometers an hour on highway 5 in California.

I wreck the car and got out without a scratch I was young and dumb and lucky.

Speed kills

I was in a trans am


https://www.motorcarclassics.com/1978-pontiac-firebird-trans-am-c-1012.htm


this year above

[El duderino_]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

flat tire was due to high speed passing.

he was likely going over 140 kilometers an hour when the tire exploded

Young and dumb and dead.

I comment on this because at 22 I was going over 170 kilometers an hour on highway 5 in California.

I wreck the car and got out without a scratch I was young and dumb and lucky.

Speed kills

I was in a trans am


https://www.motorcarclassics.com/1978-pontiac-firebird-trans-am-c-1012.htm


this year above

The speed should't matter if the tyres are OK... Then there build for it.

Droven a fair amount on circuit with motorcycles my self...  speed isn't the enemy

Also not young and dumb (in some cases yes, just not always)... Wealthy and able too...

[philipma1957]

OT: If you enjoyed Liverpool football (soccer)...

D. Jota crashed his Lambourghini and died together with his brother (flat tire, apparently).

You never know what would happen...a very sad story, just 28 yo, three kids, just got married 10 days ago.
RIP

flat tire was due to high speed passing.

he was likely going over 140 kilometers an hour when the tire exploded

Young and dumb and dead.

I comment on this because at 22 I was going over 170 kilometers an hour on highway 5 in California.

I wreck the car and got out without a scratch I was young and dumb and lucky.

Speed kills

I was in a trans am


https://www.motorcarclassics.com/1978-pontiac-firebird-trans-am-c-1012.htm


this year above

The speed should't matter if the tyres are OK... Then there build for it.

Droven a fair amount on circuit with motorcycles my self...  speed isn't the enemy

Also not young and dumb (in some cases yes, just not always)... Wealthy and able too...

yep tires do have speed ratings .

He may have had a good tire and hit a rut in the road which can pop a good tire.

[OutOfMemory]

The speed should't matter if the tyres are OK... Then there build for it.

Droven a fair amount on circuit with motorcycles my self...  speed isn't the enemy

Also not young and dumb (in some cases yes, just not always)... Wealthy and able too...

Seconded.
A tire has an age limit and a speed index (at least in Europe). A tire should be changed after 4 years of age/use, when showing any sign of damage or accelerated aging (cracks, small bits flying off etc.).
I was speeding when i was younger and i was loving it, but i always checked on the environment (sight, street quality, weather) and was extremely focused and aware of the traffic, looking ahead as far as possible etc. It's like a drug. Now i am too old, it's really stressful to go over 150km/h on the highway now, so this is my actual speed limit.

yep tires do have speed ratings .

He may have had a good tire and hit a rut in the road which can pop a good tire.

True, but it has to be a big rut. Once i had a flat tire because of a rut, and i had less than 50km/h on the meter.
I also just remembered the day i stopped speeding excessively, when i witnessed two people dying in a spectacular accident on the highway. They were driving over two lanes, chatting excitedly with each other, while speeding between 150 and 200 on the outermost lane, i considered them to be on drugs or drunk (which is the same on second though). I just tried to pass them, but their driving made me follow them (up too close sometimes, i admit) when they suddenly touched the concrete blocks that are placed along the middle of the highway, and those are fatal because they bounce the car back like a snooker table. So they lost control, skidding right, left and then 90 degrees to the right again, crashed into the side of a bus and then, at the moment i was passing, the car bounced off the wheels, rotated 180 degrees and crashed roof-down from about 5-6 feet high onto the street. The people in the bus were at eye level with the two in the car, but upside-down. Finally it was sliding into the line of concrete blocks, which i observed through the back mirror, and the pile of metal, glass and plastics was no higher than 2 feet, with exception of the hood area.
I can still hear the the pulsating sound the fair wind was making, when i was speeding away until i came to myself seconds later, pulled out the phone and called the emergency number.
The look of the car upside down in the air is unforgettable.

[Paashaas]

R.I.P. actor Micheal Madson.

Kill Bill - The hateful eight - Reservoir Dogs - Donnie Brasco

"That woman deserves her revenge and we deserve to die"

[cAPSLOCK]

I don't know what is wrong with you cAPSLOCK.

Oh, there's tons.