Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JSRAW]

Since the halving, Grayscale bought nearly 20k coins and miners mined less than 15k.
Weak hands account for the difference.

Sauce?

This chart circulating today..
https://twitter.com/kerooke/status/1265779970183495680

Grayscale's Bitcoin Trust bought 18,910 Bitcoins since the halving.

Only 12,337 Bitcoins have been mined since the halving.

Wall Street wants Bitcoin, and they don't care what Goldman Sachs has to say.

This story going around for quite some time.
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing

"Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before 5/17."

https://www.reddit.com/r/CryptoCurrency/comments/glk105/in_the_last_100_days_the_number_of_bitcoins_in/?utm_content=body&utm_medium=post_embed&utm_name=6d6ff59f3a8b4b929fd91062c6cf737a&utm_source=embedly&utm_term=glk105

[Toxic2040]

Oh thanks JJG. Bit naughty of me to say it really because we also know exchanges are experiencing decreased reserves, can't remember the time-scale. But my bull juices are flowing right now.

Since the halving, Grayscale bought nearly 20k coins and miners mined less than 15k.
Weak hands account for the difference.

Sauce?

-----

quick and accurate...taking all the funsies away..im keeping my eye on you

This chart circulating today..
https://twitter.com/kerooke/status/1265779970183495680
-snip-

+1 WOsMerit

[RoomBot]

"Halfway through the week, and we finally get to see the bulls succeeding in pushing the BTC price beyond the resistance at $9,150. As of this writing, the BTC-USD pair is trading just under $9,200 with an eye on the resistance around $9,300."

--Shilpa Lama from BeInCrypto

[jojo69]

RoomBot!

[RoomBot]

Hi friend!

It's been rough....but I'm back to clean cyber floors.

Thanks for noticing.   

[LUCKMCFLY]

C´mon....Grayscale..

Looks like $384M+ so far in Q2. Almost beat Q1($388M) and 5 weeks to go!

Source: https://twitter.com/Z06Z07/status/1265832452175478784

[STT]

[Paashaas]

- Carnage happening in Brazil due to Jair Bolsonaro misplaced policy, 2 health ministers already resigned.

What's this about specifically?

Sao paulo digging 13.000 graves to cover all those corpses, people die in their own blood because they don't have ventilators.

Massgraves appears all over they country.

[Toxic2040]

Hi friend!

It's been rough....but I'm back to clean cyber floors.

Thanks for noticing.   

+1 WOsMerit




My Eufy has been concerned..and lonely. Welcome back!



-------

-img snip-

+1 WOsMerit

so subtle almost missed it

[Tash]

- Carnage happening in Brazil due to Jair Bolsonaro misplaced policy, 2 health ministers already resigned.

What's this about specifically?

Sao paulo digging 13.000 graves to cover all those corpses, people die in their own blood because they don't have ventilators.

Massgraves appears all over they country.

80-90% who are on ventilators die.
Brazil more or less in civil war as some governors have sold out to China

COVID-19 is not a acute viral pneumonia impacting the respiratory system but rather an inflammation-based immunological response that leads to thrombosis (clotting in the lungs) which kills the patient. Inflammation and the ticking (clotting) of Blood prevents it from carrying oxygen and the patient eventually die of asphyxiation.
German autopsy report    https://www.acpjournals.org/doi/10.7326/M20-2003

[JayJuanGee]

Hi friend!

It's been rough....but I'm back to clean cyber floors.

Thanks for noticing.   

you must have been gone a long time.

As far as I know, we do not have cyber floors here.  Don't even know what they are.  You may have staggered into the wrong thread.

[HairyMaclairy]

It’s a typo - he means clean cyber whores

[HairyMaclairy]

[VB1001]

Bitcoin Optech Newsletter
May 27, 2020

This week’s newsletter summarizes a discussion about the minimum allowed transaction size and includes our regular sections with popular questions and answers from the Bitcoin StackExchange, releases and release candidates, and notable merges from Bitcoin infrastructure projects.

https://bitcoinops.org/en/newsletters/2020/05/27/

[marcus_of_augustus]

... spark meet tinder dry forest, this has got civil war spark potential, imo.



... arrogant cop nonchalantly kneeling on guy's neck while he dies, who wouldn't wanna shoot shit up about that?

#ICantBreathe

#SevereAcuteRespiratorySyndrome

... old authority is actively choking the life out of the people, time for some violent pushback.

[Cryptotourist]

Thermopylae by Constantine P. Cavafy

Honour to those who in their lives
are committed and guard their Thermopylae.
Never stirring from duty;
just and upright in all their deeds,
but with pity and compassion too;
generous whenever they are rich, and when
they are poor, again a little generous,
again helping as much as they are able;
always speaking the truth,
but without rancor for those who lie.

And they merit greater honor
when they foresee (and many do foresee)
that Ephialtes will finally appear,
and in the end the Medes will go through.

+1 WO's merit

... spark meet tinder dry forest, this has got civil war spark potential, imo.

Very disturbing, but how is this any different from other police violence related deaths, throughout the years in your country?

[nutildah]

Very disturbing, but how is this any different from other police violence related deaths, throughout the years in your country?

This time the protesters are wearing masks.

I did watch the whole video of the incident... very disturbing. Almost like a snuff film. I wasn't prepared for it.

[VB1001]

Goldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities.

Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13.

Double standard much?

https://twitter.com/tylerwinklevoss/status/1265705272678498305

[marcus_of_augustus]

It's all about context. We are in the midst of a pandemic situation and on-going financial/generational crisis since 2007. This is the culmination phase of the 4th turning in the multi-decade generational cycle. Context is along a 4th turning theme going all the way back to 1960's, civil unrest for black emancipation began with boomer coming of age in the mid 1960's, Martin Luther King, then Rodney King and now recent 'black lives matters' incidents happening with increasing frequency and intensity 2015, 2017, 2018, 2019 against cop killings. This could be the spark that brings this theme for change to a head, violently if necessary. Repeated callous, needless, authoritarian cop killing of 'presumed innocents' needs to be addressed at the institutional level that has failed for over 50 years to effect the needed change .... changes like these only happens on dark and stormy nights in a time of crisis. The generational time of crisis is here and now, fully blown. Given the volatile atmosphere, mandatory masked protesters, unemployment levels and cop over-reach from 3 months of lock downs, it's really bad timing with the practicalities on the ground also.

Historically pandemics often give rise to crisis and violent insurrection, usually targetting the extremes of wealth inequality, access to justice, access to resources, etc, that the golden times have fostered. Read The 4th Turning, stay informed, effects of Winter will not be denied, 10 more years to run.

[bitebits]

When fiat currency dies, conditions tend toward deflation first (since money becomes more valuable when uncertainty looms), before becoming increasingly inflationary and, finally, hyperinflationary. #Bitcoin was purpose-built for this.

A thread on my current macro view on USD:

https://threadreaderapp.com/thread/1265732795646701568.html