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

[philipma1957]

and buddy is enjoying a Philly sandwich

oh

https://www.yahoo.com/news/canadians-set-vote-election-dominated-041935857.html

is this the beginning of the end of Trump

Is he going to turn almost every country woke?

What Canada did in the election was to vote for change... a change from extremists like Trudeau, Poilievre, and Singh and back toward a more moderate centrist approach. The leaders of the two extremist parties both just lost their seats.

Carney is not a wokeist like Biden, Trudeau or Singh nor is he a neofascist like Trump or Poilievre. He's an economist and experienced negotiator.

Canada just moved solidly to the right, but not too far.

Slightly to the right but not a nut job . Thanks for update

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

and buddy is enjoying a Philly sandwich

oh

https://www.yahoo.com/news/canadians-set-vote-election-dominated-041935857.html

is this the beginning of the end of Trump

Is he going to turn almost every country woke?

What Canada did in the election was to vote for change... a change from extremists like Trudeau, Poilievre, and Singh and back toward a more moderate centrist approach. The leaders of the two extremist parties both just lost their seats.

Carney is not a wokeist like Biden, Trudeau or Singh nor is he a neofascist like Trump or Poilievre. He's an economist and experienced negotiator.

Canada just moved solidly to the right, but not too far.

So they elected an adult you say?

Well I feel for the guy when he has to deal with all the toddlers in charge everywhere.

and buddy is enjoying a Philly sandwich

oh

https://www.yahoo.com/news/canadians-set-vote-election-dominated-041935857.html

is this the beginning of the end of Trump

Is he going to turn almost every country woke?

What Canada did in the election was to vote for change... a change from extremists like Trudeau, Poilievre, and Singh and back toward a more moderate centrist approach. The leaders of the two extremist parties both just lost their seats.

Carney is not a wokeist like Biden, Trudeau or Singh nor is he a neofascist like Trump or Poilievre. He's an economist and experienced negotiator.

Canada just moved solidly to the right, but not too far.

 I think we've actually left the frying pan and are into the fire.

   https://www.theglobeandmail.com/opinion/article-mark-carney-end-freedom-convoy-ottawa-state-of-emergency/  or  https://archive.ph/mUCZs

 The fact that he flip-flopped on the carbon tax ideology (he pushed for years) alone makes him a lying SOB.  Just like Trudeau, the man lacks integrity and I can't believe Canadians fell for it while somehow conflating Polievre with Trump... ah I'm sure nobody wants to hear about it in here.  I'm done.  Sorry

I do, this where I get my Canadian politics info from!

Oh and every so often some corn news.

 Well, there were 91 fucking candidates on the ballot in Poilievre's riding - it was over a yard long.    Some moron's idea (allegedly) of a protest against our "first past the poll" system of elections in Canada.  It doesn't cost the candidates anything - they only need 100 signatures from people who reside within the riding.  My understanding is, they only need submit their name and someone else does everything for them.

[d_eddie]

Hey...

What could be the reason behind the sudden increase in the price of BTC? Do you know any updates on this?

Make silly questions? Get.. s/s/s/s
ssssssAM
Sam is the guy you call
When price go up.

Hey, Sam? Yeah, Ed here.
How about that Zen oracle,
"Why price go up"-san?

--Updates come through/ / /
If they / / / come through
Because the updater is on--

(on.... on... on..)

When sellers give no love, price go down
When buyers hornier (whoohee!) price go up
It's the down. And the up.

Ask
Ask
Ask
Ask LAURA


#nohaiku
#musestrike

[Hueristic]

and buddy is enjoying a Philly sandwich

oh

https://www.yahoo.com/news/canadians-set-vote-election-dominated-041935857.html

is this the beginning of the end of Trump

Is he going to turn almost every country woke?

What Canada did in the election was to vote for change... a change from extremists like Trudeau, Poilievre, and Singh and back toward a more moderate centrist approach. The leaders of the two extremist parties both just lost their seats.

Carney is not a wokeist like Biden, Trudeau or Singh nor is he a neofascist like Trump or Poilievre. He's an economist and experienced negotiator.

Canada just moved solidly to the right, but not too far.

So they elected an adult you say?

Well I feel for the guy when he has to deal with all the toddlers in charge everywhere.

and buddy is enjoying a Philly sandwich

oh

https://www.yahoo.com/news/canadians-set-vote-election-dominated-041935857.html

is this the beginning of the end of Trump

Is he going to turn almost every country woke?

What Canada did in the election was to vote for change... a change from extremists like Trudeau, Poilievre, and Singh and back toward a more moderate centrist approach. The leaders of the two extremist parties both just lost their seats.

Carney is not a wokeist like Biden, Trudeau or Singh nor is he a neofascist like Trump or Poilievre. He's an economist and experienced negotiator.

Canada just moved solidly to the right, but not too far.

 I think we've actually left the frying pan and are into the fire.

   https://www.theglobeandmail.com/opinion/article-mark-carney-end-freedom-convoy-ottawa-state-of-emergency/  or  https://archive.ph/mUCZs

 The fact that he flip-flopped on the carbon tax ideology (he pushed for years) alone makes him a lying SOB.  Just like Trudeau, the man lacks integrity and I can't believe Canadians fell for it while somehow conflating Polievre with Trump... ah I'm sure nobody wants to hear about it in here.  I'm done.  Sorry

I do, this where I get my Canadian politics info from!

Oh and every so often some corn news.

 Well, there were 91 fucking candidates on the ballot in Poilievre's riding - it was over a yard long.    Some moron's idea (allegedly) of a protest against our "first past the poll" system of elections in Canada.  It doesn't cost the candidates anything - they only need 100 signatures from people who reside within the riding.  My understanding is, they only need submit their name and someone else does everything for them.

Hah, I don't know anything about any of them but I do know about the scammer move of burying people in paperwork as they will tend to stick with the status quo when faced with too many choices that turn into work.

It's a very old trick so you know who can can put the blame on for that one, also more choice usually dilutes the pool and helps the incumbants.

[fillippone]

Interesting...exactly what i was talking about, albeit, NOT available in US:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

with 4-8% yearly average yield on bitcoin in BITCOIN, who would ever need to sell?
It's a basis trade fund, using the difference between spot and futures, imho.

Yes. Elsewhere they say it explicitly: all the yield is expected to come from the basis trade - nothing riskier than that. I lost the link and can't find it right now, but it confirms what you're saying.

I wouldn't mind throwing some corn at a thing like that, especially if the custodian is "too big to fail", as Coinbase got to be. As for nonavailability in the US, this is exactly the kind of thing that might change with a friendlier regulator at work. And I'm pretty sure there will be copycats and similar funds will pop up like mushrooms. Trusting the custodian will be the hard bit. But yield without selling is sooooo sweeeet...

Funny how they tell you the yield is going to be 4% when there is no guarantee that the yield will stay positive in the future. Nothing mechanically prevents it from going negative.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Interesting...exactly what i was talking about, albeit, NOT available in US:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

with 4-8% yearly average yield on bitcoin in BITCOIN, who would ever need to sell?
It's a basis trade fund, using the difference between spot and futures, imho.

Now if it gets fdic it will be a option, until then, not your keys...

Well,  Hal Finney said that there will be bitcoin banks...this is a small step in that direction.
There should be something better than hodling, then selling (while paying tax) and never getting it back in all likelihood (considering the exponential nature of btc).
Just imho

[philipma1957]

Interesting...exactly what i was talking about, albeit, NOT available in US:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

with 4-8% yearly average yield on bitcoin in BITCOIN, who would ever need to sell?
It's a basis trade fund, using the difference between spot and futures, imho.

Now if it gets fdic it will be a option, until then, not your keys...

Well,  Hal Finney said that there will be bitcoin banks...this is a small step in that direction.
There should be something better than hodling, then selling (while paying tax) and never getting it back in all likelihood (considering the exponential nature of btc).
Just imho

There is it’s called Solana paying 7% while in your trezor.

Can’t lose the principal.

I do not want BTC to pay interest bad idea as it will flatten price bigly.

[OgNasty]

Interesting...exactly what i was talking about, albeit, NOT available in US:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

with 4-8% yearly average yield on bitcoin in BITCOIN, who would ever need to sell?
It's a basis trade fund, using the difference between spot and futures, imho.

Now if it gets fdic it will be a option, until then, not your keys...

Well,  Hal Finney said that there will be bitcoin banks...this is a small step in that direction.
There should be something better than hodling, then selling (while paying tax) and never getting it back in all likelihood (considering the exponential nature of btc).
Just imho

There is it’s called Solana paying 7% while in your trezor.

Can’t lose the principal.

I do not want BTC to pay interest bad idea as it will flatten price bigly.

You can even earn interest on your Bitcoin (wrapped) using Solana and setting up a liquidity pool. Always a million risks and things to manage to ensure you don’t lose any BTC. I would never personally exchange BTC for wrapped BTC either.

I do think this recent Coinbase development is going to eventually lead to people being able to deposit Bitcoin at Coinbase or even Bank of America and receive interest. I would think the interest rate would be much lower than 4%. Maybe closer to 0.2%.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[pinhead666]

Make silly questions? Get.. s/s/s/s
ssssssAM
Sam is the guy you call
When price go up.

Hey, Sam? Yeah, Ed here.
How about that Zen oracle,
"Why price go up"-san?

--Updates come through/ / /
If they / / / come through
Because the updater is on--

(on.... on... on..)

When sellers give no love, price go down
When buyers hornier (whoohee!) price go up
It's the down. And the up.

Ask
Ask
Ask
Ask LAURA


#nohaiku
#musestrike

Wow...
Your answer look like poem.

(Amazing...  Amazing...  Amazing)

Occasionally, it's fun to ask the silly question

(The main reason for the price increase of Bitcoin is the interaction between Sellers and Buyers.)

[JimboToronto]

Well, there were 91 fucking candidates on the ballot in Poilievre's riding - it was over a yard long.    Some moron's idea (allegedly) of a protest against our "first past the poll" system of elections in Canada.  It doesn't cost the candidates anything - they only need 100 signatures from people who reside within the riding.  My understanding is, they only need submit their name and someone else does everything for them.

Bruce Fanjoy's voters had no problem finding his name on that overblown ballot. Maybe it's because they're a little smarter than Poilievre's extremists.

That sour grapes excuse has been milked by the losers who don't want to admit their boy lost fair and square.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Lambos and girlfriends... if that might be the right word?

and blow too.

Girlfriends? I thought the Lambos and blow crowd preferred hookers.

I was trying to mix it up a bit, so we might not be pigeonholed too much... but yeah, girlfriends are a bit more of a commitment. .even though I have frequently heard the expression, we are all going to get girlfriends (once our bitcoin are worth a certain amout).

Its just getting weird out there.

Like?

more weird than usual?

Interesting...exactly what i was talking about, albeit, NOT available in US:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

with 4-8% yearly average yield on bitcoin in BITCOIN, who would ever need to sell?
It's a basis trade fund, using the difference between spot and futures, imho.

Yes. Elsewhere they say it explicitly: all the yield is expected to come from the basis trade - nothing riskier than that. I lost the link and can't find it right now, but it confirms what you're saying.

I wouldn't mind throwing some corn at a thing like that, especially if the custodian is "too big to fail", as Coinbase got to be. As for nonavailability in the US, this is exactly the kind of thing that might change with a friendlier regulator at work. And I'm pretty sure there will be copycats and similar funds will pop up like mushrooms. Trusting the custodian will be the hard bit. But yield without selling is sooooo sweeeet...

So many of those kinds of yield products went tits up in 2022, and yeah, hey, no problem if a guy might say that he can live off of 4-8% in yield that is generated in bitcoin in a kind of perpetual way, so then he decides that the average of the fund (according to their proclamations) might be 6%, so then if he wants to earn $80k income per year off of that, so then he might consider putting around 20 BTC into the fund, so that he can start earning and finding out if he is able to get $80k per year from that.. and I suppose that there are tax ramifications, too...

His yield is likely going to be bit irregular (based on changes in the BTC price and changes in the amount that they are going to be paying for the yield), so yeah maybe he does not need to put 20 BTC into the fund in order to earn his $80k per year. Maybe he can put less into the fund, yet he probably needs to find out the extent that the fund pays off as well as it claims to do, and so he starts to earn his yearly yield from that amount of BTC even though it may well not be paying the full $80k (but he will find out, I suppose), and hopes that he does not get rugged out of his 20-ish BTC in the process.

Maybe if he has 40 BTC, then he might feel that it is worth it to put 1/2 of his BTC into such product, but if he only has 20 BTC, then maybe he might ONLY want to put 10 BTC into it, but then he would ONLY get $40k per year from that rather than $80k.. even though my claim is that currently the threshold amount of BTC for being able to earn $80k per year of sustainable passive income off of it is 17.25 BTC.