Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4052. (Read 26712938 times)

Sorry to hear that. Hopefully they are vaccinated and thus the impact will be minimal. If not then hopefully the hospitals in your neighborhood are past the peak admissions from January.

It also shows something else too.

Shitcoiners want to rail on btc for being pseudo anonymous and for transactions being traceable. But it's a feature, not a bug. I guarantee you that if it truly weren't, the governments of the world would have made a concerted effort long ago to declare Bitcoin illegal. In some ways, it is Bitcoin's saving grace in terms of governments and corporations embracing and adopting it.

All the best!!

My GF has Corona again too, for the second time (first time was Alpha, before vaccines were there, she got long covid as a result). Omicron with a couple of shots is a whole other beast luckily, this time she was pretty sick for one day (yesterday), today is already much better.

Good thing Covid is not what it used to be... but anyway all the best to your loved ones!

Fuck... covid got to my family.

Explanation

Ups, downs, pumps, dumps... A roller coaster of volatility. Or, is it? Could we be looking at it the wrong way? Whenever there's someone worrying about a dip, there's often a comment about "zooming out". It's a valid comment. It's good advice. What many people don't realize, is that zooming out is actually a crude form of averaging. Not in the strict mathematical sense, but this is what it effectively does. Averaging, filtering, smoothing, "seeing the whole picture", or whatever else you want to call it. Part of the averaging is done by the screen rendering algorithm, part of it is done by our brains, but it's still averaging, and it can help us "see the bigger picture".

For a more mathematically rigorous approach, one could take, for example, the BTC/USD 200-Week Moving Average (200WMA) graph, pictured below, together with the BTC/USD spot price, from 2012 until the present day. Notice how smooth it is. There are virtually no purple dots in the spot price graph, meaning that 200WMA has always been monotonically increasing since 2012! Not a single drop in its value, which currently stands just shy of $20,000/BTC. Also, notice that spot price has (almost) never dropped below 200WMA, and, instead, has consistently stayed well above it, exceeding one order of magnitude (10x) in value at times. This means that 200WMA is a tried-and-tested, reliable indicator of a guaranteed minimum price, even in bear seasons when there are deep dips and long sideways actions. This can be seen in both the MtGox-triggered bear season of 2014-1015, as well as the more recent 2017-2019 bear season. In both of these cases, 200WMA just slowed down a bit, but never reversed its monotonically increasing direction. It's never been affected by Elon's tweets, Putin's plans, or China's bans... It just captures the raw trend and filters out the noise. And the trend is clearly UP.

I like graphs like 200WMA. IMHO, this is the type of indicator than truly captures the direction Bitcoin is heading, and this is the indicator one should base his/her decisions on life-changing matters, such as quitting a job, relocating to another country, making a very big purchase, etc. Bitcoin spot price may reach $100k and beyond, but it can also drop to dangerously low levels in the short term, that can invalidate your life-changing plan and turn your status from "fuck-you" to "fucked-up" in no time...

tl;dr: Current "fuck-you" status Bitcoin stash* = 100 BTC

* Based on JJG's $2M entry-level "fuck-you" status, combined with the current 200WMA value of $20k/BTC.

---

BTC/USD 200-Week Moving Average (200WMA) Indicator



Graph source: https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

Bitcoin magazine spam my Twitter wall with Russian news and I retweet back on my Twitter wall to improve their spam

...(a great collaboration between the two of us)

https://twitter.com/BitcoinMagazine/status/1491375306812567556?cxt=HHwWiMDR1ZP8trIpAAAA

rip russian c-bank

I see very few who agree with it.  Everyone thinks there is something fishy about it.

Explanation

https://www.theguardian.com/technology/2022/feb/09/can-bitcoin-be-sustainable-inside-the-norwegian-mine-that-also-dries-wood

Besides from simply using sustainable energy, lots can be done, like in this example. Other example: couple mining with sustainable energy sources like windmills and solar cells, and let them mine when there is a surplus of energy on the network.

These rap videos are the real crimes here folks!  
She's already shut down her YouTube but not these yet.
Lot of lyrics probably admissible as evidence.
Cutthroat Country: "spearfish your password - all your funds transferred"

Versace Bedouin Ode to misfits and hackers
https://vimeo.com/348396244

Menace to Society indeed!
https://www.youtube.com/watch?v=Nmo27rBwIOY&t=222s

https://razzlekhan.com/
https://www.linkedin.com/in/untraveling/
"With words and software, you can write your own destiny." Oops.

DOJ Statement of Facts
https://www.justice.gov/opa/press-release/file/1470186/download
$500 Walmart Gyft card and Dropbox spreadsheet took them down.
Fun day to be an agent when they make it this easy for you.

How to social engineer yourself into anything, even prison!


https://twitter.com/cCryptula/status/1491194859830771712

Explanation

They were no less stupid than the average cryptocurrency investor who keeps his coins on CEX, online wallet, or cloud/email. A fool who has an empty wallet and a fool who has 100 000 BTC in a crypto wallet are still fools who face the same fate. They could have lived like kings all their lives and stayed under the radar, but it still required intelligence they obviously did not have.

Upcoming Apple iPhone feature to give merchants a way to accept crypto payments.

https://cointelegraph.com/news/upcoming-apple-iphone-feature-to-give-merchants-a-way-to-accept-crypto-payments

Interesting on the breaking news from Russia:




@ProfaneBenni
BREAKING: If reports are to be believed, #Russia is planning to recognise #cryptocurrencies as currencies. It's incredibly #bullish news.
I delved a little deeper. Here's what we know right now. Thread. 1/

https://twitter.com/profanebenni/status/1491313537092034563?s=21


@ProfaneBenni
The report circulating on #Twitter is sourced from the @kommersant newspaper.
According to #Wikipedia, Kommersant is a nationally distributed Russian paper with a daily circulation of 100000+ in 2013. It is devoted to covering politics and business. So it is legit. 2/
https://twitter.com/profanebenni/status/1491313555475673089?s=21


@ProfaneBenni
Here are the most important parts of the report. "The government and the Bank of Russia have agreed on a future regime for the circulation of cryptocurrencies in Russia: by February 18, they will prepare a draft law on the circulation of digital currencies in the Russian..." 3/
https://twitter.com/profanebenni/status/1491313558801756163?s=21


@ProfaneBenni
... Federation, in which cryptocurrencies are recognized as an analogue of currencies, and not digital financial assets (DFA)." 4/
https://twitter.com/profanebenni/status/1491313561427054592?s=21


@ProfaneBenni
"Their circulation in the legal sector will be possible only with full identification, through the banking system or licensed intermediaries." 5/
https://twitter.com/profanebenni/status/1491313573997715462?s=21


@ProfaneBenni
"... fines will be introduced for the illegal acceptance of cryptocurrencies as a means of payment."
This implies that crypto will be a legal means of payment in Russia. And illegal acceptance will invite legal action. 6/
https://twitter.com/profanebenni/status/1491313579370631170?s=21


@ProfaneBenni
 "... evasion of declaring transactions with cryptocurrency will become a criminal offense, and its use will become an aggravating circumstance in other offenses." 7/
https://twitter.com/profanebenni/status/1491313594050686976?s=21


@ProfaneBenni
"The possession of cryptocurrency in the jurisdiction of the Russian Federation and transactions with it are not prohibited - but only through the "organizer of the digital currency exchange system" (a bank with a universal license) or a p2p exchanger legalized in the ..." 8/
https://twitter.com/profanebenni/status/1491313601717882880?s=21


@ProfaneBenni
"... Russian Federation."
"So far, the most intriguing is the organization of the legalization of the existing undeclared cryptocurrency, which is not described in the concept." 9/
https://twitter.com/profanebenni/status/1491313604851007488?s=21


@ProfaneBenni
"The Ministry of Finance's estimate of the total amount of crypto assets in the Russian Federation has not changed - it is 12 million crypto wallets with assets worth 2 trillion rubles."
This is equivalent to around 26,711,184,000 USD. 10/
https://twitter.com/profanebenni/status/1491313618713190401?s=21


@ProfaneBenni
Previously, The Bank of Russia had expressed its disapproval of cryptocurrencies and called for an outright ban. However, Vladimir #Putin then went on record to outline Russia's advantages in #Bitcoin  mining. 11/
https://twitter.com/profanebenni/status/1491313621993156613?s=21


@ProfaneBenni
Putin is the indisputable ruler of Russia. His opinion could have been expected to prevail. It seems like it did. #NATO and the #US have been mulling over sanctions on Russia over their militaristic overtures in #Ukraine. 12/
https://twitter.com/profanebenni/status/1491313641169514497?s=21


@ProfaneBenni
There were talks of plans to remove Russia from the SWIFT payment system. So Putin could be looking for a way to sidestep the dollar and the conventional payment system. What better than Bitcoin! 13/
https://twitter.com/profanebenni/status/1491313646815035393?s=21


@ProfaneBenni
Consider Russia's massive #oil and gas reserves, among other natural resources, and you have the perfect recipe for a Bitcoin mining powerhouse. The Kommersant report says that decisions are still to be made on the subject of mining. Let's wait and watch. 14/
https://twitter.com/profanebenni/status/1491313664829591555?s=21


@ProfaneBenni
Now we wait for further corroboration from other news sources about this exceedingly bullish news. Few would have actually expected a country as powerful as Russia to come onboard the Bitcoin wagon so early. Even though it makes all the sense in the world. 15/
https://twitter.com/profanebenni/status/1491313669757890560?s=21


@ProfaneBenni
Game theory is working. Russia may be going all in.
Your move, US. 16/
https://twitter.com/profanebenni/status/1491313685943689220?s=21

Explanation

Q:
How it’s possible they were so stupid to keep their private key on plain text on a cloud service?

A:

BREAKING: Russia will treat #Bitcoin as a currency!


https://twitter.com/BTC_Archive/status/1491315214020583425?s=20&t=G6z1YENYF6-zvPUQlCFCGA