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

[Elwar]

Theres a consequence of a welfare state, there is no opt out because they dont want you as a liability later.   [Also it should be said those paying now are required as cash to feed old responsibilities, its not far from a ponzi which works if working population rises]   Same could be said of income tax itself, it used to be you were on your own in the extremes and really it was down to communities themselves to support each other.  However now anything and everything is a Federal responsibility with a cost to go with it.

I think we test 6600 upper before any further action especially.  Enough orders to only blip down to an older low and rise back.   This graph says a bit lower for the low in a trend but I would guess later and it test up first

The key thing that keeps me bullish on bitcoin and makes me never want to buy dollars with my bitcoins is this:



and this:



Our defense budget, the third largest spending item, is just over $600 billion per year. Just the interest on our debt is about to surpass that.

What happens when the interest on our debt is higher than spending on anything else? Do we just raise taxes and pay it?

Can you see the politician that has the balls and stands up in front of the American people and says "we're raising your taxes. Not for new schools, roads, defense or infrastructure. We're raising it to pay for overspending in previous years. You won't see one benefit from the raised taxes. And more than likely it will actually have zero impact."

But how about this scenario: "Holy shit, that's a lot of debt. How about if we print the amount to cover the interest payments and use tax dollars for everything else. All in favor?"

Of course, what happens when the US government is printing over $600 billion in new money each year with a $3 trillion money supply? What about when that number reaches $1 trillion? 33% inflation rates year by year. Venezuela starts to happen.

Who wants to buy some of those debt based IOU dollars? Great rate at just $6300/BTC. Get them while you can.

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[Phil_S]

[El duderino_]

All that said, if I had a Lambo I would gladly trade it in for bitcoins at 6k a coin. Couple of months buy it back with some bitcoin dust.

HODL.

if you don't have a lambo .... than just sell the car that you do have and buy the same 6K bitcoins .... and buy it back with the same BTC dust

 

[Hueristic]

All that said, if I had a Lambo I would gladly trade it in for bitcoins at 6k a coin. Couple of months buy it back with some bitcoin dust.

HODL.

if you don't have a lambo .... than just sell the car that you do have and buy the same 6K bitcoins .... and buy it back with the same BTC dust

 

But if you did that in January you would still be hitchhiking today.

This is why the rich get richer, they can hold during bear markets.

[El duderino_]

All that said, if I had a Lambo I would gladly trade it in for bitcoins at 6k a coin. Couple of months buy it back with some bitcoin dust.

HODL.

if you don't have a lambo .... than just sell the car that you do have and buy the same 6K bitcoins .... and buy it back with the same BTC dust

 

But if you did that in January you would still be hitchhiking today.

This is why the rich get richer, they can hold during bear markets.

[Last of the V8s]

newish twitter reason to fomo/clutch at straws/smoke the hopium: Bitmain IPO
https://twitter.com/Crypto_Bitlord/status/1027492680320802816

[bakasabo]

Does this means, that in the point where two orange lines crosses, this will be the bottom price for bitcoin and after that it will go up ?

[Micky25]

either this or the lower line will be adjusted down.

[El duderino_]

Does this means, that in the point where two orange lines crosses, this will be the bottom price for bitcoin and after that it will go up ?

Yes iT can’t be anything else its Just as simple as that ...................

[Phil_S]

Does this means, that in the point where two orange lines crosses, this will be the bottom price for bitcoin and after that it will go up ?

Hopefully, a bit earlier...



https://en.wikipedia.org/wiki/Wedge_pattern

[Hueristic]

Who the fuck would pay to listen to these Fucks?
You couldn't pay me to listen to them!

https://www.miningconf.org/

[vroom]

most accurate crypto forecast

[mymenace]

In this market I would be better off if i got scammed a total of 100btc


we certainly do not need any water


https://www.youtube.com/watch?v=Adgx9wt63NY

[El duderino_]

Does this means, that in the point where two orange lines crosses, this will be the bottom price for bitcoin and after that it will go up ?

Hopefully, a bit earlier...



https://en.wikipedia.org/wiki/Wedge_pattern

Everybody must know by know that a heatlty correction cough’s blood So Why be bothered by it..... 

[Phil_S]

most accurate crypto forecast

At this point, I'm mostly interested in August-September-October-November-December forecast.

[LFC_Bitcoin]

This feels like, I think it was around 2014 when we just kept on sliding downwards inbetween various dead cat bounces.

[Asrael999]

Bitmain and GMO will have to start manipulating the price upwards soon. We are getting close to the point $5,750 where an S9 doesn't even pay it's electricity costs (assuming 10c power), that will be killing their forward order book and bitmain have an IPO to sell.

[kingcolex]

Mmm. Dat smell of rekt shorts in teh morning again...

They sure do have a special quality about them don't they? Hopefully a big heaping pile of rekt shorts is what's for dinner.

[LFC_Bitcoin]

Mmm. Dat smell of rekt shorts in teh morning again...

Hopefully they’ll be selling their ass to make rent. Bastard shorters.

[josephpogi]

get ready guys the bull market is near! #THE LAST DUMP