Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 59. (Read 26511555 times)

So when the US bought gold other countries dumped their USD?

Gentlemen,
Believe me when I say that the price is the consequence of being right, not the cause.
And the feeling of being right, and being right with you guys, the WO gang, is a by far superior feeling than seeing the price going into six figures.

look at the wall at 100k though lol

gonna bounce hard off that for a bit methinks

however being wrong is a personal hobby of mine.

This bears watching.
we went from 68k to 91k

and we lost hashrate.
It could mean the major mines are very filled with gear.

Much like when my 300kwatt mine became power maxxed we found we need to dial back a bit. One would think that the big players would want to load up on gear.
This bears watching to see if we are going to see mining hashrate will be flat into a massive price rise.

Too small to know if it is a real trend.
BTW in the 2017 runup this happened prices mooned like made and hash rate did not.
hears to that.

This 100k wall looks impenetrable. Bitcoin, please prove me wrong.

Trump is completely unpredictable in this case because he was the president of the US from 2016 to 2020 and at that time he said that Bitcoin was a scam - and towards the end of his term he passed some very unfavorable laws for Bitcoin which were then mostly revoked by the Biden administration, and it should also be taken into account that futures and spot ETFs were approved precisely during the mandate of the Biden administration.

Trump doesn't have to "thank" anyone except those with big wallets who financed his campaign, and ordinary people served the purpose of voting anyway, and for the last time as Trump promised them.

Even if the US starts buying BTC for its reserves, I don't believe that the EU would follow that example, let alone China. The ECB with Lagarde at the head has an extremely negative attitude towards Bitcoin and cryptocurrencies in general, while China with its communist ideology does not want anything it cannot control, and even less something in which the US will have a large share.

As for Germany, it was not the German government that seized or sold BTC, it was a German province where the seizure took place, and they only followed the law in liquidating the seized funds. In addition, I think that the member states of the Eurozone cannot make any investments of this type without the ECB - a few years ago, the question of selling part of Italy's gold arose, considering that at that time they were the third country in the world in terms of gold reserves. As far as I remember, the ECB commented that selling gold to refinance debts is not an option.

Why? What's the last time the US government issued an act to buy gold as "strategic reserve" or anything similar? The gold in their reserves is kept for legacy reasons.

I think if that was true I guess most countries would have already dumped their USD for Gold...

If the US starts buying BTC as a reserve plan, that sends the signal to every other country that BTC is better reserve currency than USD. And since the entire world keeps reserve in USD, it'd encourage everyone to dump USD for BTC.
..

Trump is completely unpredictable in this case because he was the president of the US from 2016 to 2020 and at that time he said that Bitcoin was a scam - and towards the end of his term he passed some very unfavorable laws for Bitcoin which were then mostly revoked by the Biden administration, and it should also be taken into account that futures and spot ETFs were approved precisely during the mandate of the Biden administration.

Trump doesn't have to "thank" anyone except those with big wallets who financed his campaign, and ordinary people served the purpose of voting anyway, and for the last time as Trump promised them.

Even if the US starts buying BTC for its reserves, I don't believe that the EU would follow that example, let alone China. The ECB with Lagarde at the head has an extremely negative attitude towards Bitcoin and cryptocurrencies in general, while China with its communist ideology does not want anything it cannot control, and even less something in which the US will have a large share.

As for Germany, it was not the German government that seized or sold BTC, it was a German province where the seizure took place, and they only followed the law in liquidating the seized funds. In addition, I think that the member states of the Eurozone cannot make any investments of this type without the ECB - a few years ago, the question of selling part of Italy's gold arose, considering that at that time they were the third country in the world in terms of gold reserves. As far as I remember, the ECB commented that selling gold to refinance debts is not an option.

Jesus the new Intel chip is a fucking Dog.

https://odysee.com/@HardwareUnboxed:2/amd-ryzen-7-9800x3d-vs.-intel-core-ultra:f


*These are just the gaming results but it is fucking brutal how slow this shit is.

The four year bitcoin cycle is dead, IMO.

@Krubster

You don’t owe anybody anything. You didn't sign a contract, just put it down to having too much to drink and forget it. Nobody is going to get annoyed or give you negative trust or anything. We all talk shit when we’re drunk. If there is a 100k party, nobody would expect 0.1BTC off you. And quite frankly at 100k per coin, if people can’t afford to pay for their own shit, they shouldn’t attend.

That'll pay for a couple hookers and a pile of blow!

Haha, no one gonna hold you to a drunk post.

unless it was something stupid and it was only beer money.

F*ck me.

I deleted that post shortly after, realized I've had too much to drink.

Oh well, now since it's quoted, there's no point denying I said that. I'll just have to suck it up and stand by my words.

If this 100k WO-party for some strange reason will ever happen, I'll help finance it. I guess I could transfer the btc to a multisig wallet, shared with me and a couple of trusted WO-members who are ready to make that party happen.

Please don't confuse we the people with our government.  Certainly I agree that our politicians (who are bought and paid for, and wholly owned by the cabal) have no incentive in changing the current status of our debt based currency.  Quite the contrary in fact.  So, yes, something else needs to happen.

gents, look at this chart!

Bitcoin experiences huge price jumps in its early days, then flattens out somewhat as it has become much harder to increase the price by a factor of 10.
over time, fiat money loses trust exponentially, so that any price, like the Bitcoin price, shoots to infinity.
whether this will already happen in 2030 is questionable in my opinion, but it will happen at some point, as fiat money has never, 'never' survived and has always become worthless.



https://x.com/w_s_bitcoin/status/1856814571962392836

https://www.weforum.org/stories/2016/06/a-short-history-of-the-british-pound/

"Anglo-Saxon era
The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver. This was a vast fortune in the 8th century."

That is a very generous offer.

LOL, i think i got it now  

Nope, of course i don't earn money through parenting.
In my job, which i started three years ago, there is a simple rule: If you are good, you get moar. And the job, anytime, following conditions of my own choice (home office when i want it, and no deadline nags). EDIT: I worked about 6 months per year, on average, a few hours each day.

The song text is brilliant!