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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25439800 times)
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April 23, 2021, 03:26:09 PM

I've seen several articles showing the "trickle-down" economy doesn't work.


There is no trickle down. There is just a choice of who you want to manage the money. The rich can manage the money or the corrupt politicians can manage the money. In either case, nobody is sitting on a pile of unproductive money. It is going to be used for one purpose or another by someone. In the case of a private person, it will be used to make more money which normally means more jobs. In the case of the government, they will probably give it away. Forget about what you feel is unfair. In nearly all cases, the billionaires are better at managing resources, which is how they became billionaires in the first place.

Sure they could pay taxes and still make billions but human nature will stop them from doing that. They will just hold what they have instead of making the world a better place. Taxes cause them to make that decision. In the absence of taxes, the billionaires are free to sell anytime and move on to other opportunities. With taxes, they will just hold rather than give away money and the whole economy suffers as a result. This is the impact to economic activity I'm talking about.
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April 23, 2021, 03:27:55 PM

DANK NFTS GOES BRRRR ~
LETZZZ GOOOO FULL RETARD
=ALL INTO A SINKING SHIP!!!!=

WEEEEEEEEEEEEEEEEEEEEEEE
EEEEEEEEEEEEEEEEEEEEEEE33

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April 23, 2021, 03:51:28 PM
Merited by JayJuanGee (1), LFC_Bitcoin (1)

the morning wall report


Well hello again...

Its been a minute..but I have felt the need to post again. In the midst of some decent profit taking we are back at the $50k mark testing support      Seems legit

I hope all of you have been doing well. I have a wonderful vacation...feeling #stronghanded again

Carry on

#dyor

4h


D
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April 23, 2021, 04:16:34 PM
Merited by JayJuanGee (1), BobLawblaw (1)

@100trillionUSD
Nothing goes up in a straight line. #bitcoin  has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.
https://twitter.com/100trillionusd/status/1385607970059345924?s=21
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April 23, 2021, 04:25:50 PM

I take it the Biden lovers here still love him after threatening to double capital gains tax, right, because it's gonna go to a "good cause"?

https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE


Probably why your corn is worth a bit less at the moment.

Imagine taking out capital gains over $1m anyways.. What is this, why not just convert to corn ASAP?

To me, it does seem to be quite a high threshold to apply to incomes of $1million per year or more, even though sometimes the policy will be stated in terms of ONLY applying to higher income earners, but then end up also having some onerousness on regular Joes.

Tax policies can be so confusing, and I am largely of the position that taxes need to be collected from richer peeps more than regular peeps - and surely there should NOT be disincentives to work or to gain capital, and surely these are balancing acts, especially if you believe that there are some good things that governments accomplish.  Some people are anti-tax without really seeming to have any reasons for such beyond hating the government which seems too big of a blanket approach.

On a personal level, I believe that bitcoin creates incentives for governments to become more responsible in a variety of ways, so in that sense, incentives are created to have a better society because government becomes more responsible.  But I doubt that we can have a world without government, and it seems that the more dense the population (such as in BIG cities), the more needs there are for a variety of government services.  There does not seem to be enough land for each person to have self-sustainability and voluntariness without attempting to account for various public goods, whether we are talking about roads or air and water or even questions about access to property that could be classified as either public or private depending on the structure - and I question whether removing government even resolves property rights and access matters.
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April 23, 2021, 04:28:54 PM


I've been thinking on your post all night, in fact.

It's really bothered me.

Then I had a "Eureka!" moment realizing it's only Democrats that pull off bullshit like that.

It makes sense in that context, seeing as how the left is increasingly attempting to shift towards socialism.

Well, Clinton admin introduced it, but ALL republicans (including Scalia) on the SC voted to upheld, so it is a bit more complicated.
In addition it also says that "..since the 1930s, the high court repeatedly has upheld retroactive tax changes."
I am just a messenger here, so I hope that you are not mixing up my post and my opinion.
I personally think that 43%+state % (could be 56% in cali) is borderline confiscation for long term investments.
Who will make investments in this case? Equaling long term investment with salary (income) is not right, imho.
My original point was that people will start borrowing more against their stash and selling less.
To those who thinks that $1mil is a lot: it sounds like  lot, but in US it is a fraction of a house cost in a high cost of living area, you cannot retire in most places with just 1mil, etc, etc.
In US your income is high, but costs are very high as well, hence $1 mil is a surprisingly smaller amount of money that you might imagine otherwise.
In addition, the tax is proposed to be coming now and improvements later, but so far I personally haven't seen ANY improvements in government/state services here in the last, say, 30 years, give or take. They will spend the money as they will see fit.
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April 23, 2021, 04:41:53 PM

@100trillionUSD
Nothing goes up in a straight line. #bitcoin  has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.
https://twitter.com/100trillionusd/status/1385607970059345924?s=21


I Like PlanB but with this kind of suggestion / comparison it means that we should moon from beginning of may till the TOP of this bull market.. Look premature to announce this right now IMO.
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April 23, 2021, 04:42:08 PM

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.

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April 23, 2021, 04:49:23 PM
Last edit: April 23, 2021, 06:06:37 PM by Biodom

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.



Plan C: a spring-early summer dip (not lower than 40K), slight upward starting in Aug (EDIT: maybe July?), bull restarting in Sept, accelerating into NOv ETF approval.
Bull culmination in Dec 2021-march 2022 at $150-300K
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April 23, 2021, 04:55:03 PM

Imagine taking out capital gains over $1m anyways.. What is this, why not just convert to corn ASAP?

Well, like, I mean... building a sprawling ranch in East Texas costs more than a couple bucks ya know...

In this particular situation, if you are not ready, willing or able to pace ur lil selfie to less than a $million per year, then you gotta pay for that level of lackenings in delayed gratification or lackenings in creativity in terms of how to get the money to satisfy your needs (or more likely wants).

Just bought 0.015 btc, thats it, no more money in my exchange account atm.

That's too bad.

Personally, seems that each of us who are into BTC should be attempting to structure our finances in such a way that we do not run out of either BTC (upon price rises) or dollars (money) upon dips, especially we are not going to ever really know when the dip is over or even how long it is going to last, so in that regard, it is likely a good thing to always have some dry powder.. yes, sure, I hate to be too critical because it seems to be a thing that is a wee bit easier said than done, right?

That is some serious red mayhem going on.
Relax and take a break, remember why you are bitcoiners and why you are here.
Don't panic.
You know the game.

did i miss something? am i supposed to start the scream like a little girl thing?

looks like its just doing its bitcoin thing tbh

Well, I am not really sure, but if the BTC price dips greater than 40% (pulling this number out of my ass), it is not a bad place to start screaming like a little girl, even while you would likely want to be able to buy some too.. if possible.  But if the BIGGER dips come, like 60% to 85% (if still possible), that is not a bad time to scream like a little girl, too... Right now we have ONLY reached 27%-ish, so far.. so seems a bit early to be screaming too much.. yet.  #justsaying.    Cry Cry Cry
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April 23, 2021, 04:56:38 PM
Last edit: April 23, 2021, 05:12:37 PM by gallianooo

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.



Really curious to know which alts are at their lowest levels  ? As most of them made x15 x50 from their bottom of 2019/2020... (fiat)
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April 23, 2021, 05:01:28 PM

Market is react beyond my expectation. I'm extremely nervous if BItcoin broke $49K resistance. Do I need take that chance? I'm curious at the same time if BTC back above $50K and then another bull rally may happen..

I just stay optimistic about the BTC market, wish in next couple of days everything turning green.  Smiley
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April 23, 2021, 05:03:01 PM
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April 23, 2021, 05:11:23 PM

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.



Really curious to know which alts are lower than 3 years ago ? As most of them made x15 x50 from their bottom in 2019/2020... (fiat)

XRP, Cardano, Litecoin, Roger Ver Cash, Stellar, Dash, Monero, ZCash, Tron

Fair enough lots of new ones on the block, that have grown big in the last year like you said. But they said great things about those other ones too 3-4 years ago. Many promises that never came to fruition.
Most of the new ones will fall on their asses I think too and will probably not be able to hold the heights they may reach this cycle over a 4 year period.
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April 23, 2021, 05:19:19 PM

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.





Really curious to know which alts are lower than 3 years ago ? As most of them made x15 x50 from their bottom in 2019/2020... (fiat)

XRP, Cardano, Litecoin, Roger Ver Cash, Stellar, Dash, Monero, ZCash, Tron

Fair enough lots of new ones on the block, that have grown big in the last year like you said. But they said great things about those other ones too 3-4 years ago. Many promises that never came to fruition.
Most of the new ones will fall on their asses I think too and will probably not be able to hold the heights they may reach this cycle over a 4 year period.


Monero was almost at ATH (fiat) few days ago. and still 10x higher than march 2020.

Litecoin as well, close to his 2017 ATH few days ago... (fiat)

Tron as well...

Cardano made new ATH this year..

I really don't understand what you mean..

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April 23, 2021, 05:20:14 PM

[...much snip...] But I doubt that we can have a world without government, and it seems that the more dense the population (such as in BIG cities), the more needs there are for a variety of government services.  There does not seem to be enough land for each person to have self-sustainability and voluntariness without attempting to account for various public goods, whether we are talking about roads or air and water or even questions about access to property that could be classified as either public or private depending on the structure - and I question whether removing government even resolves property rights and access matters.

time to immigrate to mars. plenty of prime* land is still up for grabs.

*definition of "prime" subject to change.
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April 23, 2021, 05:25:12 PM

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.





Really curious to know which alts are lower than 3 years ago ? As most of them made x15 x50 from their bottom in 2019/2020... (fiat)

XRP, Cardano, Litecoin, Roger Ver Cash, Stellar, Dash, Monero, ZCash, Tron

Fair enough lots of new ones on the block, that have grown big in the last year like you said. But they said great things about those other ones too 3-4 years ago. Many promises that never came to fruition.
Most of the new ones will fall on their asses I think too and will probably not be able to hold the heights they may reach this cycle over a 4 year period.


Monero was almost at ATH (fiat) few days ago. and still 10x higher than march 2020.

Litecoin as well, close to his 2017 ATH few days ago... (fiat)

Tron as well...

Cardano made new ATH this year..

I really don't understand what you mean..



You don't understand how Bitcoin has multiplied by 2.5 and those alts I pointed out have not even held their ATHs from 3 years ago whilst the crypto market cap has near tripled?

Surely it demonstrates how diversification is mostly BS over a long period of time and to pick a successful alt that may work for the future is more like a lottery than a guarantee like Bitcoin.
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April 23, 2021, 05:28:31 PM

Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.
Welcome to The Netherlands Tongue

It has it's benefits though: if your investment goes from almost nothing to a lot in a short amount of time, you barely pay any taxes on those gains.
But if it's the other way around, you still pay taxes.

The Netherlands has been f*cked over for decades, I used to live there.

The same car I bought in the UK in 2016 new for £28,000 would have cost €90,000 at the time. BPM, emission tax, whatever else nonsense they could come up with and there is the road taxation based on car weight. They literally sold 4 of those cars. No idea how that foreign brand can stay afloat doing business with its small operation in The Netherlands.

When I saw pictures of an imbecile dancing on a table because of a gain in the election whilst businesses are still forced to close DuE tO A dAnGeRoUs pAnDeMiC and the no confidence stuff of trying to get rid of Pinocchio Mark Rutte straight after an election, debating till 2am whilst there is curfew for ordinary citizens but he just stays in the end anyway I almost had to vomit.

Also the tax system is incredibly complex with its mortgage subtraction stuff.

People are insane to constantly vote for the same 50% tax supporting imbeciles.

The country and its people are lovely but I cannot afford to live there with the lifestyle and freedom of car transport (have owned 2-3 cars at various times, nicely kept - garaged and used on different days) that I can have in the UK.

Taxes are higher here yes, but in return we have a much better infrastructure than the UK, it is a good deal to me.

Energy transition is not a free lunch.

We have one of the best tapwater that also cost money which i believe is also a good deal.

There are more but my point is all those higher taxes invested results that our country is ranked high at global indexes in tems of happiness, infrastucture, healthcare, education, children, quality of life.

Moral of the story; the grass is not always greener on the other side.
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April 23, 2021, 05:29:34 PM
Merited by serveria.com (1)

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.



for me look like very long and not so probable in a bullrun cycle. With your hypothese, it means that :



Plan C: a spring-early summer dip (not lower than 40K), slight upward starting in Aug, bull restarting in Sept, accelerating into NOv ETF approval.
Bull culmination in Dec 2021-march 2022 at $150-300K

- We are side way since end of february
- Going really down from April till july
- slow small recovery in august
- Go up again from september

So like 6 months side ways and down in a bullrun before going really up? hmm...  Roll Eyes
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April 23, 2021, 05:35:06 PM

Definitely think this (hopefully temporary) dip has highlighted the somewhat overzealous predictions of late. Some of the alt predictions that were thrown around especially were crazy. Some of those alts have literally dropped right back down to lower than they were 3 years ago.  Shocked

With regards to king Bitcoin, I can definitely see a 75K and hopefully a 100K bitcoin later this year. Maybe more.
But 288K or 500K within the year? I doubt it. The 50K and 60K markers just seemed to have been too much of a struggle to quickly get over for something like that I think.

Obviously the long term trend is going up but we are literally at mid Feb prices again and that is with 2 months of quite bullish news.

I hope we continue to follow the Stock 2 flow Plan B model but honestly I'd just be happy if we can reach the likes of 250K-500K by say 2028-2029.
I think eventually his model will fail as it seems too good to be true.

If Saylor and Musk hadn't come along that model would probably already be out of the window by now. That's not to say Bitcoin doesn't go up and the longterm isn't bullish, it's just I think there are several coincidences that sometimes make it appear why a specific model works.

I hope I'm wrong though.





Really curious to know which alts are lower than 3 years ago ? As most of them made x15 x50 from their bottom in 2019/2020... (fiat)

XRP, Cardano, Litecoin, Roger Ver Cash, Stellar, Dash, Monero, ZCash, Tron

Fair enough lots of new ones on the block, that have grown big in the last year like you said. But they said great things about those other ones too 3-4 years ago. Many promises that never came to fruition.
Most of the new ones will fall on their asses I think too and will probably not be able to hold the heights they may reach this cycle over a 4 year period.


Monero was almost at ATH (fiat) few days ago. and still 10x higher than march 2020.

Litecoin as well, close to his 2017 ATH few days ago... (fiat)

Tron as well...

Cardano made new ATH this year..

I really don't understand what you mean..



You don't understand how Bitcoin has multiplied by 2.5 and those alts I pointed out have not even held their ATHs from 3 years ago whilst the crypto market cap has near tripled?

Surely it demonstrates how diversification is mostly BS over a long period of time and to pick a successful alt that may work for the future is more like a lottery than a guarantee like Bitcoin.

The way you said was not clear. If you compare only with the ATH of 2017 / beginning of 2018, yes still a part of them are still below. But we should remember that many altcoins made x100 x1000 during the 2017 bullmarket.

I remember lot of persons of this forum (legendary) said we will never see again ATH (fiat) price on most of altcoins.. At this end, totally false, and we are probably still not at the end of this run so..

If we talk alts VS BTC, yes that's a different story. Lot of them are still in some lowest point vs BTC. But that's not the thread to talk about this here.
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