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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5403. (Read 26611279 times)

legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
... thing to remember about slimeball Musk is Tesla's accountants have booked their BTC as "intangible, indefinite-lived assets" which means they get to hold them on the books at the lowest marketed value ... e.g. like the new low printed shortly after Musk's manipulative tweeting


... scumbags do their best work in the fine print

I hope that Bitch Elon is learning something from these recent dips and got already his lesson…

after Q2 we will see if Elon told the truth or not in his Tweet. if TESLA will not sell any BTC in Q2 then they will be in trouble.

German Factory -> fail
China image and sales -> fail
Michael Burry is shorting TSLA big -> fail

Elon is just the rich clown on stage. behind the scenes intelligent hard working people (e.g. Zach Kirkhorn) do their best to clear the mess of Twitter Elon like it happened with Trump.

I guess they will sell again if the price will climb to get green numbers in Q2.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
sr. member
Activity: 1414
Merit: 326
Elon is new to this but I don't understand how people can still react to that China FUD, that makes absolutely no sense.

Elon Musk idea is that everyone will now sell their deposited bitcoins and many rich people will buy them or newcomers will be terrified.  A lot of people say the Elon Musk thing is going to end very soon and so we're probably going to see what PlanB predicts soon.

Image link: https://twitter.com/100trillionUSD/status/1396759186172747789
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
weekly candle closed above the 50% retracement level. fits perfectly. the future will tell if additional attacks on certain levels will follow.

hero member
Activity: 756
Merit: 1843
PlanB

In the chart you see at what price level each of the total 18.7M BTC was last moved.

So what happened in May? Weak hands sold ~1M BTC in May at $30k-35k .. which they bought in April at $55k-60k: a staggering ~$20B loss. The good news: these 1M #bitcoin are in strong hands now.

https://twitter.com/100trillionUSD/status/1396609082111504386

Is this what really is needed for Bitcoin?.. Wouldn't Bitcoin benefit from having more hands in the game, regardless of how weak they are.

BTW, I am one of those Strong Hands (not diamond hands - that's fucking elon and his WSB/Reddit gang) who has added to the stash on both dips...
hero member
Activity: 756
Merit: 1843
My opinion: huobi and in general chinese miners were well aware of the regulations change on mining (I suspect lobbying since at least 2018... after the 19k pump), and there is just an understandable will to buy cheap BTC by generating panic.

The chinese miners affected by this shutdown are already prepared to ship the equipment in new jurisdictions with minimal downtime (i estimate 2 weeks of shipping and setup time).

Is it really that easy to just setup a whole new mining farm? Location and Power would be a concern. I know the Chinese work fast, but 2 weeks?

BTW global hash rate seems to have fallen about roughly 4% from when the announcements/FUD was circulating... it's not like the CCP to wait to act on national security...
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Buy the dip



Selling body parts. What next ?

i can live with only one testicle thanks for the tip, seems like testicle and bitcoin prices are in sync how convenient

Think again... you will never be able to be balls deep in again...!!!

be careful. with just one testicle that is not possible anymore. real Chads do it.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3766
Merit: 1742
Join the world-leading crypto sportsbook NOW!
My opinion: huobi and in general chinese miners were well aware of the regulations change on mining (I suspect lobbying since at least 2018... after the 19k pump), and there is just an understandable will to buy cheap BTC by generating panic.

The chinese miners affected by this shutdown are already prepared to ship the equipment in new jurisdictions with minimal downtime (i estimate 2 weeks of shipping and setup time).
legendary
Activity: 889
Merit: 1013
Miners aren't paying the right bribes to the right CCP peeps, it's just a shakeout.
copper member
Activity: 1526
Merit: 2890
Buy the dip



Selling body parts. What next ?

i can live with only one testicle thanks for the tip, seems like testicle and bitcoin prices are in sync how convenient

Think again... you will never be able to be balls deep in again...!!!
legendary
Activity: 1526
Merit: 1012
Buy the dip



Selling body parts. What next ?

i can live with only one testicle thanks for the tip, seems like testicle and bitcoin prices are in sync how convenient
legendary
Activity: 2050
Merit: 1184
Never selling
Elon is new to this but I don't understand how people can still react to that China FUD, that makes absolutely no sense.

According to the links I posted earlier this wasn't people acting to the China FUD, this was the Chinese miners acting to the China FUD and this reacting cleared out all the leveraged longs with it. It seems everyone else was actually buying this dip.

Apparently, the Chinese based miners are very scared about this ban and fear a crackdown at their expense. So FUD it may be but the miners are supposedly thinking it's serious. I'm hoping this is all true, so they can all piss off from China and other countries get the benefit.
hero member
Activity: 2604
Merit: 961
fly or die
Elon is new to this but I don't understand how people can still react to that China FUD, that makes absolutely no sense.
legendary
Activity: 2050
Merit: 1184
Never selling
Good morning, WO OG! The recovery is underway and it seems pretty solid. The next 2 weeks will be critical.  Cool

I think its this China news. It is very positive, imagine China have little to no influence anymore.

So to summarize
Elon + China combined can do -43% 

Keeping in mind the history of Bitcoin, that's nothing.

This may well be the last time that they have this influence.
hero member
Activity: 2604
Merit: 961
fly or die
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
Good morning, WO OG! The recovery is underway and it seems pretty solid. The next 2 weeks will be critical.  Cool

Critical?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
PlanB

In the chart you see at what price level each of the total 18.7M BTC was last moved.

So what happened in May? Weak hands sold ~1M BTC in May at $30k-35k .. which they bought in April at $55k-60k: a staggering ~$20B loss. The good news: these 1M #bitcoin are in strong hands now.

https://twitter.com/100trillionUSD/status/1396609082111504386
hero member
Activity: 1924
Merit: 538



... Basel III unleashes gold price after 30 years controlled by paper derivatives with 100-1 leverage

thanks for this info, it looks interesting (I was unaware of this somehow).

... check into this then, it's important. Geopolitical problems of 30+ years are coming to a head. The rise of Bitcoin has forced some hands to be sure ...

https://www.zerohedge.com/commodities/basel-iii-new-role-gold

Quote
... Like bitcoin or hate it, the latest rally was deeply embarrassing to everyone who’s been skimming the cream off society via the monopolistic monetary system. Their lies were laid bare for all of us to see.

It doesn’t surprise me at all that this week was the week chosen to do the hatchet job on crypto. It was also the week where the plumbing of the financial markets became so thoroughly clogged (see Whalen’s article above) that there was no choice but to demoralize the rubes who thought they would escape the Great Reset.

Everyone must be liquidated to make the world safe for German eugenicists and commies.

So, Basel III is coming to destroy the paper gold markets and destroy the money center banks in New York and London while setting the stage to bail out the euro-zone. Higher gold prices are the answer to all of these things. Think of it this way, in a world where debt assets are failing and new private forms of custodial assets are rising in mindshare, what’s the only real weapon the central banks have to maintain credibility?

Their gold reserves.

How do you, if you are the ECB, use that weapon simultaneously against your two main competitors, the commercial banking interests in New York and London and the nascent crypto anarchists? You deploy your gold and steal everyone’s thunder....

very important subject.
notably developing cryptos create doubts in ECB credibility with its perpetual increasing debts.
so basel 3 ruling introduction could solidify the basis of european banks in re-establishing thruth in gold assets

the problem is that this subject is still being discussed, not yet really implemented? and mainly in europe

another solution(easier ?) for central bankers is to induce a bear market in cryptos, which is currently tried actively.


Does that effect bitcoin?  or how does it relate to dee king daddy?

it does not effect bitcoin, but its effects its usd equivalent price
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