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

[JimboToronto]

Could very well be, but, another reason could be the age of a country's population. The west is pretty old I think, I imagine places like India have a much younger population. Covid is unlikely to kill the young as you know.

Indeed. Higher infant mortality and general lack of widespread healthcare for the young leading to shorter life expectancy, ergo fewer elderly Covid deaths.

Good thinking.

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[philipma1957]

I'm calling $44k  this weekend  

the crazy thing is, +10% in 48 hours doesn't sound very bullish at all. most likely it's to bearish.  

I think cracking 50 by Monday morning is a,  wait for it:


50-50 chance

[serveria.com]

Economist Translation

"Print moar everything!!"

In 2020 the FED printed more money in one month than in 2 centuries ore 35% of all dollars in existence has been printed in the last 12 months.

They will print much more. Big reset is going to happen one day but when i don't know, enjoy the show while Hodling.


https://www.bloomberg.com/news/articles/2021-01-08/biden-calls-for-quick-pandemic-relief-minimum-wage-increase

$100k guaranteed by summer! 

[Heater]

All these poor women who keep having their panties falling down at the most inopportune times. 

And just like that, you realize there are new kinks to explore....

What kink - chicks with celery?

[philipma1957]

Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.

Now banks rates suck.

Your interest is if you have BTC baby.

Every one needs a piece of btc to stay ahead of inflation.

Those waiting to buy are only going to regret not having some to fight off inflation.

[JimboToronto]

Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.

Ah yes. I remember that... when dollars were still backed by gold, or at least rampant money printing was still in its infancy.

[Torque]

Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.

Now banks rates suck.

Your interest is if you have BTC baby.

Every one needs a piece of btc to stay ahead of inflation.

Those waiting to buy are only going to regret not having some to fight off inflation.

Some people say there's no inflation, especially with food prices.

I beg to differ.

Was at the grocery store just the other day, my total food bill has jumped $80/trip in just 6 months time.

Same. Exact. Items.

Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.

Similar inflation with raspberries and blackberries too.

[JimboToronto]

Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.

Similar inflation with raspberries and blackberries too.

That may be Covid related. There's a shortage of qualified pickers.

Coffee prices have shot up too.

[Torque]

Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.

Similar inflation with raspberries and blackberries too.

That may be Covid related. There's a shortage of qualified pickers.

Coffee prices have shot up too.

Could be, but...I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.

Would love to be proven wrong.

[JimboToronto]

I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.

Would love to be proven wrong.

What else is new?

Whenever they find an excuse to raise prices, they leave them there.

Then people demand higher wages because the cost of living has risen and the cycle of inflation continues.

[Torque]

I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.

Would love to be proven wrong.

What else is new?

Whenever they find an excuse to raise prices, they leave them there.

Then people demand higher wages because the cost of living has risen and the cycle of inflation continues.

Yep. But most people are too busy paying attention to the "social/political theater" to understand that they are being robbed blind every year.

Me: "Hey, do you realize you got 10% poorer last year?"

Them: "What are you talking about? I got a 3% raise last year!"

Me: "Ok, so only 7% poorer then."

Them: "What? You crazy, man."

Me: "Hey, do you realize you got 10% poorer the year before last too? And the year before that? And..."

Them: "----"

https://chapwoodindex.com/

[julian071]

I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.

Would love to be proven wrong.

What else is new?

Whenever they find an excuse to raise prices, they leave them there.

Then people demand higher wages because the cost of living has risen and the cycle of inflation continues.

I remember when we got the euro here in the Netherlands, rate was 2.21 guilders for one euro. So prices should have been halved, then minus 10%. I was working as a bicycle mechanic at that time, and I remember changing the prices on the cheap used bicycles. On all the cheap ones we just replaced the "fl" (guilder) sign with the euro-sign.....

Also a year later it turned out the guilder was coupled to the Deutschmark with a 10% discount (cheap exports!) and that then instantly changed, adding an instant 10% to inflation on top of that that year.

Long story to illustrate that, no, prices probably won't come back down on your red fruits.

[BobLawblaw]

Oops. Sorry for the politics. I'll try to behave myself.

I can do this all day.

[UnDerDoG81]

Any reason for the bitcoin SV pump? Anybody know where I can sell them or trade them into bitcoin? They are on the coinomi wallet. But if I switch them there the fee is very high.

[Torque]

Any reason for the bitcoin SV pump?

Didn't you hear about the flippening coming any day now?

[UnDerDoG81]

Any reason for the bitcoin SV pump?

Didn't you hear about the flippening coming any day now?

No. What does that mean? Should hodl bsv?

[JimboToronto]

Oops. Sorry for the politics. I'll try to behave myself.

I can do this all day.

Me too.

[Krubster]

Any reason for the bitcoin SV pump? Anybody know where I can sell them or trade them into bitcoin? They are on the coinomi wallet. But if I switch them there the fee is very high.

No idea, random altcoins tend to pump (and dump) occasionally. Here's a list of some of the larger exchanges where you could sell them.



You're located in Europe, right? Bittrex perhaps? There you can sell them for both BTC and EUR.

[El duderino_]

I am growing quite fond of political posts.

If btc shows no movement or whatsoever, then politics is the next topic I guess

There are other annoying topics we could try as well.

How about religion or sports?   

Sports is still a bit of good, as long as it are my favorite sports

Or what about FOOD 

[El duderino_]

Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.

Now banks rates suck.

Your interest is if you have BTC baby.

Every one needs a piece of btc to stay ahead of inflation.

Those waiting to buy are only going to regret not having some to fight off inflation.

Some people say there's no inflation, especially with food prices.

I beg to differ.

Was at the grocery store just the other day, my total food bill has jumped $80/trip in just 6 months time.

Same. Exact. Items.

Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.

Similar inflation with raspberries and blackberries too.

Semi right you are, there is also with grocery the season vegetables like berry in the summer or winter will be big differences of prices...

You have to compare it more with prices of bread...