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

[dragonvslinux]

TL:DR: Everything looks fine.

After the nice attempt to recovery yesterday and then the fall I was a bit puzzled.
I was hoping for some somebody come with the numbers and charts.
Thanks.

You're welcome, it's just my opinion but shared by others it seems. I realise it looks a bit confusing right now, but as referenced $51K was due for rejection, while $48K-49K level was always due as support. I was expecting this to play out yesterday, so naturally my opinion remains unchanged right now. Below $48K and the structure of the recent recovery becomes invalidated, but not there yet nor expecting it personally.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[becoin]

TL:DR: Everything looks fine.

After the nice attempt to recovery yesterday and then the fall I was a bit puzzled.
I was hoping for some somebody come with the numbers and charts.
Thanks.

Nothing to worry about. Lower rate by the end of the year less taxes paid in fiat. Expect impressive bull run in Jan, Feb, and March!

[hisslyness]

Listicle? I am *not* gonna Google that.

not as funny as i had imagined.... "Lesbian with Testicles" or "Listing your balls for sale to #BTFD"

Google: "In journalism and blogging, a listicle is a short-form of writing that uses a list as its thematic structure, but is fleshed out with sufficient copy to be published as an article."

[ChartBuddy]

Explanation

[d_eddie]

Lucky bitcoiners?
Breaking no sweat, rich by chance?
Ask my wife's boyfriend!



#haiku

[Torque]

As long as the printer go brrrr, the music will never stop.

[Torque]

Guys, let's all take a moment of reflection for Bill Gates. He's had a really rough year...

[ChartBuddy]

Explanation

[El duderino_]

https://www.hln.be/buitenland/een-broer-van-bekende-bogdanoff-tweeling-overleden~a24e4193/

One of the bogdanoff’s died……

Not really sure it was the pamp it or dump it one

Still pity ….

[shahzadafzal]

How much BTC has US government seized, and what does it do with it?

To date, it has auctioned off 185,000 BTC.

After the coins are sold, the cash is then distributed to different government departments. It often goes into the Treasury Forfeiture Fund or the Department of Justice Assets Forfeiture Fund.

Wait that’s not the interesting part, interesting part is yet to come.

they’re slowly learning that much of this is unnecessary because Bitcoin was designed in such a way that wallets can be frozen, and funds can be moved by court order. In other words, code is not law, law is law.

To imagine how this might work in the future, let’s imagine that Ulbricht’s Silk Road was still active today. If authorities could prove that wallets x, y, and z belonged to Silk Road, say by using blockchain analytics tools combined with traditional investigation techniques, they could secure court orders from judges that issue the orders to miners/nodes and have them simply freeze the funds. Later, a court could order the miners/nodes to move the funds from the Silk Road wallets to the wallets of the receiving agency.

Only if it was that simple.

Yes code is not the law but “open source” code is the law.

Full article here https://coingeek.com/how-much-btc-has-us-government-seized-and-what-does-it-do-with-it/

[Richy_T]

Don't use Merriam Webster when playing against government people. They get to make up words as they go along.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

https://www.hln.be/buitenland/een-broer-van-bekende-bogdanoff-tweeling-overleden~a24e4193/

One of the bogdanoff’s died……

Not really sure it was the pamp it or dump it one

Still pity ….

Oh shit!

RIP

[BobLawblaw]

RIP

https://www.msn.com/en-us/news/world/grichka-death-bogdanoff-twin-dies-of-covid-19-aged-72/ar-AASddV5

[d_eddie]

they’re slowly learning that much of this is unnecessary because Bitcoin was designed in such a way that wallets can be frozen, and funds can be moved by court order. In other words, code is not law, law is law.

To imagine how this might work in the future, let’s imagine that Ulbricht’s Silk Road was still active today. If authorities could prove that wallets x, y, and z belonged to Silk Road, say by using blockchain analytics tools combined with traditional investigation techniques, they could secure court orders from judges that issue the orders to miners/nodes and have them simply freeze the funds. Later, a court could order the miners/nodes to move the funds from the Silk Road wallets to the wallets of the receiving agency.

Hahahaha, good luck with that. Secure court orders to miners in Iceland, or inner Mongolia. Sure.

Only if it was that simple.

Yes code is not the law but “open source” code is the law.

IOW, indeed.

Full article here https://coingeek.com/how-much-btc-has-us-government-seized-and-what-does-it-do-with-it/

[ChartBuddy]

Explanation

[cygan]

banks are fucked - BTC fix it