Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3796. (Read 26714345 times)

Horrible things have come to light in places where the Russians have been chased out.

Ukraines former Austrian ambassador writes that the Russian army killed all males between 16 and 60 that were still in in the occupied, and now liberated Butja. https://twitter.com/olex_scherba/status/1510252300555767821?s=20&t=X4evbrxO-Nj8Ztnew6SDsg

In now liberated areas around Kyiv there are piles of dead Russin soldiers that have just been left to rot by their own army, they have been laying there for so long that they have started to rot despite the cold weather.

May the Russians burn in hell.

I'm not linking, but anyone with normal google fu can find the videos

https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

the noon wall report

mixed trading on light Saturday volume
moderate downwards pressure observed
probably wait until late tomorrow or Monday and see if support remains intact and reevaluate
currently trading at $46.3kish

get out and enjoy some sunshine and let the corn grow is my plan

dyor

4h



D

stronghands

I think i will have to report to the president that you have been exposed. See you in the office 
Bubbles seem to be quite a thing, lately...

Ahh so I’m a government agent now eh?  God damn!! I learn something new everyday! Lmao
Btw… I’m also not retired. Not sure how how you deduced that falsehood.
Maybe the same way you deduced all the other complete nonsense you seem to think about me.
Not that it bothers me in the slightest. It’s amusing actually.
Carry on though. It’s what I love about this thread.

Explanation

There's just a small problem i see:
Putin grew powerful in the shadow of the fall of the Sovjet Union. He, among many others in his back, experienced the fade of the SU as unjustified and cruel, and now it's perfectly reasonable that he (believes) is fighting for a good thing, the reestablishment of the good, old Union. Golden times will come again (and so on)...

Now imagine Russia under Putin ending as an imperial force, all the people under sanctions and poverty, without future visions, a whole nation in misery, just like North Korea, but on a higher scale. A nation's young generation, growing up under grief, with no future, because of the "bad western nazi imperium".
These times might create much more dangerous dictators than Putin.
And don't let us forget about China! Can Europe afford to lose Russia, as the "whore of Bejing"? I don't think so.

Imho, if Putin's regime finally fallls, Europe and the EU should embrace Russia as a part of europe, tear down ideological walls, bring more evenly distributed wealth to the country. As unrealistic as it might seem, it's the only long term solution to the Eurasian conflict. Of course, the EU has to adress their problems with corruption and become a way more serious government than they tried to put up so far. Otherwise the EU will start to crumble. That's why i think Russia should not be isolated after Putins regime ends. Otherwise when will they recover and start another war? 2030-2040?

Explanation

https://cryptoslate.com/turkey-wants-crypto-scammer-jailed-for-life/

Explanation

https://www.youtube.com/watch?v=lBOB9SSdDfU

Well... if we are going to go here... then the point must be made that you do not have to use the lightning network.

We will end up in the weeds pretty fast, and I think you and I probably agree that Bitcoin needs a block size increase eventually (that last word is where some of the nuance is).

But the difference between Bitcoin and Ethereum is at least with the former you are ABLE to use the most decentralized financial netowk in the history of the planet.  No so with Ethereum.

Bitcoin can add complexity on optional layers.

Ethereum has it built in at the very bottom.

I think we have yet to see if Lightning causes shenanigans on the level of Ethereum.  It could.  I know there is talk about issuing tokens on the lightning network...  And frankly Ethereum may be even better for that purpose.


What Finney seemed to envision was really what Blockstream is doing with Liquid.  That is the closest thing to that "prophecy".  Lightning on the other hand is a wee bit less centralized than Liquid.

And we may see the development of a network that is even MORE SO.  (Hmm I guess I really mean LESS SO as in more decentralized)

But without the base layer remaining as distributed as possible none of that would even have a chance of doing any better than ETH.

King daddy gives few shits about calendar year bullshit...

If you want to understand where bitcoin is, where it has been or where it might be going, you need to consider context rather than getting caught up in calendar year superficialities.

Regarding bitcoin getting stuck between $42k and $52k for the next three quarters.. good luck with that.. it might happen... but I doubt it.. you are even worse than some of the $30 to $60k assertions for this calendar year.. sure, it might happen.. anything is possible in bitcoinlandia.



Must be true.. if you are saying it..



hahahahahahhaha






Yeah.. right.


Something is wrong with what you are saying, BB..

if you remember late 2020, we just shot right past $22-$23k.. so we were never really there for any kind of meaningful time.

Of course, I am having troubles figuring out where we are too.. because no period really resembles previous periods with any kind of exactness in terms of some of the macro factors and just overall dynamics, not that we should put too much emphasis on certain macro-factors that are not going to end up making any kind of difference - except maybe providing some short-term BTC price movements.

We might be in a kind of extended 2013 double hump.. even though we have three humps going on.. Of course, we have way more adoption of a variety of more sophisticated players and also some interesting financial tools that are more sophisticated these days to attempt to push the BTC price down.. stop it from going up.. but maybe those tools are needed to keep the status quo financial elite somewhat comfortable while wealth is being transferred away from them in the event that they are continuing to fail/refuse to take some meaningful stake in king daddy.   

https://www.youtube.com/watch?v=w0_xCSoabnk

Explanation

You already know the expession, Richy...... no?

"bitcoin is for friends and enemies."

In other words, bitcoiners are going to come from all walks of life and likely be involved in all kinds of activities, and hold a very large variety of opinions... and even change their minds from time to time. 

In other words, the extent to which any person might become a policy maker because they might want to build certain areas of government, or they might want to destroy government in various ways, with the passage of time more and more of these people are going to hold some bitcoin, and some of them are going to start to hold shit tons of bitcoin, too.

Seems to me that bitcoin likely helps to make government more responsive and more responsible because it takes some aspects of their abusive behaviors (likely some of the governments/officials do not even realize that they are doing it), but that is their abuse of the money, the ways they attempt to control it, and the ways that they distribute it. 

Personally, I have difficult times to imagine a world of complete disappearance of governments - or even to project that the world is going to completely move into various forms of voluntarism..  Even with the proliferation of bitcoin and perhaps some of the resolution of the sound money abuses of governments, there are still ways that they can attempt to be abusive because people still want and need physical items.. in spite of all the bullshit about metaverse being the whole future world.. that sounds like bullshit.. we are still going to want to live in dwellings and eat actual food and have sex with actual people  (including wanting to move from place to place - travel and socialize and learn about other people  besides through the internet) in spite of some of the perversions that attempt to cause us to believe that we do not need/want these kinds of goods, services and meatspace interactions. 


You really seem to love getting stuck on narrow, and ill-thought-out explanations for whatever seems to be happening in bitcoin price dynamics at any given time.  I will admit that I have seen a few decent explanation from you, but many of them really love to incorporate some kind of lame conspiracy angle that seems to want to emphasize bitcoin as if it were some kind of lame-ass passing fad... .. All your time in bitcoin, and you ongoingly tend to miss some of the more fundamental bullish aspects of bitcoin, no?

Ok… I will bite.. I will address some of your points.

Regarding Terra buying up all the bitcoin, of course, that one causal explanation is narrow, even if they may well be buying bitcoin, anyone who has been in bitcoin for any length of time should have some ideas that these kinds of one-causal explanations are ONLY telling part of the story.. regarding current BTC price dynamics… in the Uppity direction

Regarding Terra buying $10 billion in bitcoin, that seems to be something that folks are latching upon, and that $10 billion seems to be a long term goal of that particular shitcoin, so I think that we should take with a grain of salt what any shitcoin is saying that they are doing.. whether they do it or not is not going to be clear.

Regarding what is going to happen next:  of course, the punchline is that bitcoin is going up forever OgNasty including the billionaires buying it, even if there may well be some short term ups and down that cause their buying it to take a few years, 10 years, 20 years or more, and in the end, billionaires, companies, countries, rich peeps and the general 7 billion peeps of the world are buying too… so on a personal level the main thing to do is to ABB.. always be buying.. unless you have already reached overallocation into BTC levels.. If you have reached overallocation, then you have a lot more options regarding what to do… so perhaps the punchline would be ABB until you are overallocated into BTC, and maybe not Michael Saylor psycho levels of overallocation, yet hopefully you can personally tailor the level of your overallocation into BTC?

Edit: By the way, I did have a better draft of the above post that I had posted. and for some reason it did not post and I had to rewrite the bottom portion.. but I did not have enough patience to spend as much time on the second draft.

Explanation

Probably a human cannot get that close without locking out the equipment.

 Oh shit!  Are there no sensors to lock out the stamping machines when they detect a foreign body?  That's very dangerous.