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

[ChartBuddy]

Explanation
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[BTCETFInvestor]

once again trump can do 15% to the entire world easy on the 1974 statue.

in fact he already moved up from 10 to 15%


the other statute is more demanding and more subject to court battles.

yes in some case he can do 50% if he is able to prove the country is fucking the USA.

so for instance slap every country in the world with 15% which means no prejudice.  then slap 50% on any country that retaliates against the 15% he dished out.

but if china say sure hit us with 15% we will slap back with 14.9% he has zero reason to attack china with 50%

do you see the math?


actually i like 15% to every country in the world.

as of today he is hitting brazil with 15%

he was hitting them with 50%



so 10 bucks of coffee gets taxed to $11.50

instead of being taxed to $15.00

this should save me $7 a week for a new btc dca move.

Phil - A little clarity about Section 338 of the Tariff Act of 1930:

Section 338 allows the president to act 'whenever he shall find as a fact' that discrimination exists to tariff up to 50%. He can make the determination personally without waiting for a lengthy agency report, senate approval or be bothered with court interference, including the SCOTUS. It is totally up to him and the president's personal determination how best to use Section 338...

~~~~~~~~~~

Section 338 (and the related Section 337) is often viewed as a "necessary tooth" in trade policy. It is seen as a vital tool for national defense and economic fairness, even by those who support free trade.

Here is why Section 338 is considered worthy of maintaining:

1. The "Equalizing" Power
Section 338 gives the President the authority to impose additional "offsetting" duties on countries that discriminate against U.S. commerce.

The Logic: If Country A places an unfair restriction on American apples, the U.S. can use Section 338 to respond in kind.

The Benefit: It provides the U.S. with leverage. Without it, the U.S. would have no formal mechanism to force other countries to treat American goods fairly.

2. Deterrence Against Trade Discrimination
Much like a "no-first-strike" nuclear policy, Section 338 exists so that it (hopefully) never has to be used. Its mere presence in the law acts as a deterrent. Foreign governments are less likely to implement discriminatory trade practices if they know the U.S. President has the statutory power to retaliate swiftly without waiting for new legislation from Congress. The SCOTUS has no say-so about the POTUS using Section 338. The use of Section 338 is totally at the discretion of the president - Period.

3. Protection of Intellectual Property (IP)
While Section 338 focuses on discrimination, it works in tandem with Section 337, which is famously used to block imports that infringe on U.S. patents or copyrights. In the modern economy, where innovation and software are America's biggest exports, having a legal "shield" to prevent the domestic sale of pirated or infringing goods is considered essential for protecting the economy.
 

[ChartBuddy]

Explanation
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[philipma1957]

‘Discrimination as a fact’

means he has to justify there really is discrimination.

ie he gives china a 15% tariff and china gives us a 15% tariff but gives india a 5% tariff would appear that china favors india.

in reality india only has a 5% tariff so china would not be  discriminated against usa.

that would mean china could take usa to court in the usa and based on the 6-3 vote trump would lose.

rather than argue with me about my legal interpretation of these rules just follow what trumps does.

so far he is using the easy 1974 law and gave the entire world a 15% tariff.


which he can do and no one can stop him.

since it is an easy law he can use.

so for now trump has figure out that he will read bitcointalk and follow my idea on tariffs.

frankly i like a blanket world wide 15% tariff.

makes things easy for businesses to plan how to shop.

[BTCETFInvestor]

‘Discrimination as a fact’

means he has to justify there really is discrimination.

No, Phil. POTUS determines as fact if there is discrimination! The president doesn't have to justify to anyone his belief there is discrimination by a country against the U.S.

In fact, a country can discriminate against the U.S. in any number of ways; broadly or narrowly, product, financially, strictness, non-acceptance or with their laws, etc.        

The U.S. President has the statutory power to retaliate swiftly without waiting for new legislation from Congress. The SCOTUS has no say-so about the POTUS using Section 338. The use of Section 338 is totally at the discretion of the president - PERIOD

The president determines as fact if there is discrimination. The president doesn't have to justify to anyone his belief there is discrimination by a country against the United States. A country can discriminate against the United States in any number of ways - broadly or narrowly; such as nonconforming product (non-tariff barriers (NTB), financially, strictness, or with their laws, etc.

For example, the EU is known to use non-tariff barriers (NTB) to purposely prevent the U.S. from selling certain products. The nonconforming excuse may be something as minor as the color of one wire's insulation in a multiwire wiring harness in a vehicle. This can certainly be considered 'discrimination' against the United States with the president taking action under Section 338.      

[Toxic2040]

you guys get the first drop...let me know what you think   
as always...built with love
https://github.com/toxic2040/grimalkin
#stronghands

[ESG]

Explanation
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Hey Buddy!, I saw that today's opening was a little below last Monday's opening

...I plotted the Fibbonaci tool a little over two weeks ago,
 from 72880 to the low of 60050,
it was a little below, but this way I have a better reference...

 And since then, I've noticed that this week has been an indecisive and volatile ,
 since, staying below 50% of this movement, indicates bearish continuation,
 and staying between 50~61% indicates indecision in the trend,
 and staying above 61% indicates a bullish movement...
 where 78% is close to 70k, where I think this accumulation
 in the week was made to try to break this resistance,
 since it was below 66k for a short time.

 So, 70k is an important resistance to be broken
at the same time as defending 65k.

And so is the daily candlestick chart of BTC USD,
little Above 61.%...

....
...
..
   I suspect that may all happen, but at 79 now 80 in June 2026 and 82 in June 2028 plus at least  50 pounds overweight maybe we won't need to deal with that at all.

Next up does he attack Iran on Sunday or Monday?  To me I think he won't attack Iran.

 -I also don't think he would attack, but at the same time ,
 I think that a president, or whatever in the leadership of a country,
 only fulfills the decisions already taken,
 and they get the reputation of having done so.

Trump ended up just being Bush 3.0

..Maybe this decision should have been made earlier,
 but he has already made an attack
(or just carried out a 'decision' of an attack) against Iran,
 in the 12-day war or whatever it was about Israel...

...So, I don't know if he would do an attack again...
  since lately, the 'things' are a little different there in the last  days...

   And who knows, because of these things, an attack that could have happened again,
 hasn't happened yet, and it seems that it's being postponed, but if the 'decision' is taken,
 then, he will attack again, and will appear on the media saying why and etc...

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Hueristic]

Fuk still under a foot and a half and 2 more feet on the way, think I'll run to the casino for 3 or 4 days.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[AlcoHoDL]

This is fine.

I get a bittersweet feeling when reading WO lately. Too much negativity.

I can understand the frustration of observing the price going down.

I remember my late father's advice when I was a kid: "son, if you don't want to worry about school, you either study hard and be the top of your class, or don't study at all, be at the bottom. If you aim to be average, you'll always be stressed and worried."

I can see how low-coiners get stressed and worried about the price going down. Their 0.2 ~ 2 coins are not worth as much as they used to a few months ago. They blame Trump, Epstein, Iran and China. They talk about cycles existing or not existing, and how Bitcoin is doomed to fail. They may even be considering selling it all.

In my view, coiners (octopus level -- 10 coins -- and above) should not need to worry. If cycles exist: good -- time to buy more coin, and/or take a break, chill, fly to some exotic island. If cycles don't exist: good -- an ATH is coming soon to an exchange near you. Do it like The Dude and LFC_Bitcoin.

Low-coiners too. Remember the last ATH. How did you feel then? Another one will come. In one year? In 3 years? I can't answer that (but you know where I stand). Either way, it's a win-win (or a win-delayed-win). Don't be grouchy. Wait it out. And, Phil, don't you dare sell anything!

Most of us have been here almost since the beginning. We've survived through long winters, witnessed coiners getting mad and selling it all, and many of us who are tech-savvy and can read code have used it to our advantage, to accumulate more coin. Zooming in, things get too noisy. Zooming out, things get more predictable. WMA-200 comes to mind. No, there's no need to worry. Buy when you can, sell when you must. Worst case scenario: 3 years of tumbleweeds. Been there, done that. Life doesn't stop between ATHs. Be the top of your class.

tl;dr: This is fine (for both low-coiners and coiners). Wait it out. Don't do anything stupid!

[El duderino_]

Certified diver ….

Actually opened a new world for me

✅

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Leahized]

Fuk still under a foot and a half and 2 more feet on the way, think I'll run to the casino for 3 or 4 days.

Casino? I think it is uncertain. Not very profitable.

Better to sit and watch the market instead.


Stay HoDL

[goldkingcoiner]

She's been working on it really hard for a long time. She was about to throw it away because it just seemed like it had gone out. But this morning she was able to reboot it. 😁

Ok I haven't said a word since the beginning and I probably missed out on some context, but I gotta ask....

What's with the transexual butterfly?