Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4444. (Read 26720782 times)

I feel nothing, TBH.

I'm pessimistic that we're going to be sideways for quite some time, again.

Hope I'm wrong.

Can you guys feel it?  This is the biggest one ever, I think I have felt. Like a panicky excitement.  



***JUST TO BE CLEAR***  Not saying we are going up right this moment... but I don't think the cork can stay in this for much longer.

Explanation

@BTC_Archive
💥BREAKING: Facebook now allows #Bitcoin  ads - reversing a previous ban.
https://twitter.com/btc_archive/status/1466364497707376645?s=21

@davidgokhstein
Keep selling #bitcoin  — Michael Saylor and the rest of the boys will keep buying it.
https://twitter.com/davidgokhshtein/status/1466376879808598017?s=21

@Britishhodl
I hope everyone's been accumulating as much #Bitcoin  as they can - things are about to get Bullish As Fuck.
https://twitter.com/britishhodl/status/1466049469661782025?s=21

@DonCryptoDraper
https://twitter.com/doncryptodraper/status/1466117389628628992?s=21

you have a feeling in your prostate gland?

Explanation

What angered me in the Cøbra case is that CSW was able to take down the White Paper in the UK site. This is a symbolic move that says "I can do things, I can mess you up". This shouldn't have happened. It sets a precedent. It shouldn't have been possible for it to happen. But it did.

I know the Kleiman case is different, but it only takes a wrongly chosen "expert", or an expert on paper but an incompetent degree holder in reality, coupled with a selfish and incompetent judge who has an inner bias against Bitcoin, to throw things the wrong way and result in a ruling that will open Pandora's box and arm CSW with legal weapons to feed his megalomania and cause chaos.

Of course, things can go the other way too, and CSW can be crushed by a clever judge and a well-prepared legal team. I hope this happens and the cancer that is CSW is eradicated for good.

I don’t know why, there is no TA …

But somewhere in my lower half of my carrying weight I got this feeling which says

Weekendpump on its way….

Only men got this lower hanging weight on one side…

Explanation

Quick overview of price action; on the 4hr, the bears remain in control by creating lower highs as well as trapping bulls at higher prices:



On one short-term view of the Daily chart, there is a a key support trend-line that price will need to bounce from to remain bullish in the short-term:



Zooming out a bit further on the same time-frame and it becomes clear we are at key accumulation/distribution level from the past 9 months of trading:



While this week's candle turns bearish, the short-term and mid-term MAs continue to rise in bullish fashion and formation, highlighting the next level of support:



The 21 MA, that price previously found support from at $40K, is now at $51K and continues to rise, while the 50 Week MA is at $47K. Breaking the support trend-line on the Daily and making new local lows would likely lead to a further correction to $49-51K level. While the shorter time-frames remain bearish, the mid-term (Daily) remains relatively neutral and longer-term (Weekly) remains fully bullish above all it's MAs.

Given the amount of fear and uncertainty in the market based on the shorter-term price action, I wouldn't be surprised to see price wick down to re-test $50K, similar how to $40K was re-tested.

Justice, in technological manners, is mainly dependent on "experts" in the process. The expertise(s) is/are the foundation for judgements.
Like: Old judge nominates expert X to answer a set of questions that help the juridical process get to decisions.
In this case, questions like: "Can somebody prove to be owner of (below listed) blockchain adresses?", "If yes, what would be a valid proof?".
Next round, old judge will ask CSW if he can deliver a proof of ownership.
CSW will reply: "Yes, of course i can! Here's the proof..."
If the proof CSW delivers to the court and it's not in the form the expert considered to be valid, his ownership claim will get rejected.
In my country, he would then be able to plea against the judgement, the next higher court in the hierarchy would check the trial for correctness. If the revision court doesn't find any errors old judge made, CSW would be rejected, otherwise the trial will be rolled up again, following directions from the revision judge.
There's another escalation level, but that would be like a claim against the nation/law itself (...good luck with that).

EDIT: Of course, on of the main questions of the judge(s) would be if coins can be transferred without keys.

Cobra is a different story. He chose not to defend the case because of reasons, which is like granting CSW's wish (agreeing to his perspective of copyright ownership of the bitcoin whitepaper). IIRC this trial was about that. Claiming "stolen money" from somebody needs a little more solid proof of ownership. Also "mining coins together with mr. Kleiman" doesn't make him co-owner if there's no agreement. Kleiman's "supercomputer" did the work, and even if CSW "lost the keys" (proof of ownership), the court can't decide in his favour if there's no other way to prove ownership. We already know the odds

But if you're stupid, fuck-u-rich or even both, you wanna likely throw a small amount of your wealth at lawyers and courts without giving a fuck.
CSW also profits from being in the news, "making himself a name".

Explanation

Explanation

Explanation

There is also one nice edit that could be put up to the same :

First case : Government creating FUD like ban and all other stuff and people panic sold their coins 

Second case: Government holding btc by investing at the dips themselves and later on enjoy the profit

Will take some time to edit the same.

Haha, another smart contract fail for scamchain.


https://arstechnica.com/information-technology/2021/12/hackers-drain-31-million-from-cryptocurrency-service-monox-finance/

You are not sure about how you consider me?


It seems to me that I have continued to make myself more than sufficiently clear regarding the various ways that I suggest that guys can attempt to balance their bitcoin portfolios with their fiat, with their other investments, with their cashflow and their other individual particulars, so your ongoing mischaracterization of my supposed love for fiat surely rises to the level of making shit up rather than really attempting to grapple with various stances that I have actually historically taken through the years regarding fiat versus bitcoin versus other assets versus individual particulars balancing.

For sure, you are correct if you are stating that I am largely against normal or even newbie bitcoin accumulating guys going 100% bitcoin or even anything close to that, but wasn't the initial criticism that I was making about you concerned your criticism of bitcoin's lack of yield.. and you engaged in diversion rather than really grappling with your own dumbass ideas about yield or ways that bitcoin is supposedly lacking?

Anyhow regarding allocation, for sure beginner BTC accumulators should start by getting off zero, and generally speaking a 1% to 10% allocation into bitcoin would be a great starting point, and ultimately we do end up having to particularize to some kind of individual situations regarding where any individuals should start including their own grappling with their own specifics.  

As an ongoing strategy to reallocate out of bitcoin, I have been more into shaving and incrementalism rather than any kinds of wholesale selling of large quantities of BTC.  I have described all kinds of scenarios in which some shaving off of BTC would be prudent.. and even showing how/why it may well be the better of practices.  For sure, there is going to be considerable discretion in BTC portfolio management, and if you have a lot of BTC and even if your BTC allocations are quite high then you have quite a few options in regards to how to shave off BTC.. but if you are still in BTC accumulation, and I have tended to recommend against shaving off of BTC until reaching in high levels of accumulation.. so of course, the devils in the details and maybe we need to talk about some specifics.  Do you have some kind of specific scenario that you would like to present to illustrate your point, Biodom?

On the other hand, my criticism of your asserting that there is some kind of deficiency in bitcoin in regards to its not creating yield (as you say that "others say" blah blah blah).. would likely cause some needs for you to back up those kinds of assertions.. rather than devolving into vague and convoluted criticism of my practices and advices (as supposed by you) in which you have hardly kept any kind of reality foundation in your vague devolutions in that direction.

Explanation

True. The problem I see is that the justice system is far from competent enough to deal with such issues. At least that's the way I see it. Given enough attempts, there may be a situation when CSW could win a case due to a bad/incompetent judge/jury, and then start a barrage of legal actions to force the application of the ruling, which could put pressure on the Core Devs and other Bitcoin-related entities to comply. We all saw what happened with Cøbra. Of course, such ruling (i.e., the transfer of coins without keys) would be impossible to apply without specific changes to the code, changes which will then need to receive consensus (which they won't), and this could lead to a situation dragging on forever. I suspect that's exactly what CSW may be seeking, i.e., to create a huge mess and satisfy his ego and megalomania in the midst of it all.

Such fuss, when a simple ability (or lack thereof) to sign a message with a specific key could solve all issues and remove all doubt in an instant. It just defies belief as to why everyone still has to put up with CSW's shit.