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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26399371 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
philipma1957
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October 13, 2022, 01:15:35 PM
Merited by JayJuanGee (1)

CPI not great. Might take out the lows at some point soon.

This might set off the acute crisis, credit markets were already breaking before this. Interesting to see what happens in the UK.

+1

CPI 8.2%... Probably another increase of 0.75 (or 1.00) by the FED in 1 month...

History will repeats again and we will see a final capitulation with a bottom between middle november and december 2023 ? We will know soon..


were is that number from?

edit here:

Quote
https://www.bls.gov/cpi/


NEWS RELEASES
CPI for all items rises 0.4% in September as shelter and food increase, gasoline falls
10/13/2022

In September, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 8.2 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.6 percent in September (SA); up 6.6 percent over the year (NSA).

HTML | PDF | RSS | Charts | Local and Regional CPI

NEXT RELEASE
October 2022 CPI data are scheduled to be released on November 10, 2022, at 8:30 A.M. Eastern Time.



The core number is really bad

0.6 jump to 6.6
rdbase
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October 13, 2022, 01:20:09 PM

CPI not great. Might take out the lows at some point soon.

This might set off the acute crisis, credit markets were already breaking before this. Interesting to see what happens in the UK.

+1

CPI 8.2%... Probably another increase of 0.75 (or 1.00) by the FED in 1 month...

History will repeats again and we will see a final capitulation with a bottom between middle november and december 2023 ? We will know soon..

Last time CPI data came out it dumped then recovered.
Will assume it will do the same just slower because of the way the economy across the globe are all the sh***er right now.

But having bitcoin at mid $18k is troublesome.

Crypto winter has truly begun?

Might be time to buy up those aCORNs harvest like squirrels when it starts getting cold.
El duderino_
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October 13, 2022, 01:21:45 PM
Merited by LFC_Bitcoin (3), cygan (3), fillippone (3), Torque (1), DdmrDdmr (1), Arriemoller (1), goldkingcoiner (1)

Just another day, just another HODL.
philipma1957
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October 13, 2022, 01:23:44 PM

CPI not great. Might take out the lows at some point soon.

This might set off the acute crisis, credit markets were already breaking before this. Interesting to see what happens in the UK.

+1

CPI 8.2%... Probably another increase of 0.75 (or 1.00) by the FED in 1 month...

History will repeats again and we will see a final capitulation with a bottom between middle november and december 2023 ? We will know soon..

Last time CPI data came out it dumped then recovered.
Will assume it will do the same just slower because of the way the economy across the globe are all the sh***er right now.

But having bitcoin at mid $18k is troublesome.

Crypto winter has really begun?

Worse news is the way this prints money and tightens money at same time

Soc Security will Jump 8.7 % in Jan

Look at these numbers from here: https://www.ssa.gov/policy/trust-funds-summary.html



"Comparison: Key Measures of Actuarial Status in the Social Security Trustees Reports
    2021 report   2022 report
75-year actuarial deficit   
As a percentage of taxable payroll   3.54%   3.42%
As a percentage of GDP   1.2%   1.2%
Income and outgo in year prior to report year (in billions)   
Income   
Total   $1,118   $1,088
Social Security contributions a   $1,001   $981
Income taxes on benefits   $41   $38
Interest   $76   $70
Outgo   
Total   $1,107   $1,145
Benefit payments b   $1,101   $1,138
Administration   $6   $6
Net change in assets   $11   −$56
Trust fund reserves   
Amount at beginning of report year (in billions)   $2,908   $2,852
Amount at beginning of report year (as a percentage of report year outgo)   253%   230%
Projected year of peak trust fund reserves c   2021   2022
Amount at end of peak year (in billions)   $2,831   $2,805
Year of trust fund depletion   
OASDI   2034   2035
OASI   2033   2034
DI   2057   d
Share of OASDI outgo covered by scheduled revenue in—   
Year of trust fund depletion   78%   80%
End of 75-year reporting period   74%   74%
SOURCES: 2021 and 2022 Trustees Reports.
a. Includes adjustments for prior calendar years.
b. Includes a small amount of payments to the Railroad Retirement Board.
c. Measured at end of year.
d. The trust fund is not projected to become depleted during the 75-year period ending in 2096.
A 2021 annual deficit of $56.3 billion decreased the asset reserves of the combined OASDI trust funds to $2,852 billion at the end of the year. This amount is equal to 230 percent of the estimated annual expenditures for 2022. The 2021 Trustees Report had projected a $77.3 billion decrease in combined trust fund reserves during 2021 under the intermediate assumptions.

The Trustees project that OASDI annual cost will exceed total income throughout the 75-year projection period. After the projected trust fund reserve depletion in 2035, continuing income would be sufficient to pay 80 percent of program cost, declining to 74 percent for 2096.

Beneficiaries and Benefit Payments
At the end of 2021, the Social Security program was providing monthly benefits to about 65 million people: 56 million from the OASI Trust Fund and 9 million from the DI Trust Fund. Total benefit payments for the year (excluding payments to the Railroad Retirement Board) were $1,133 billion: $993 billion from the OASI Trust Fund and $140 billion from the DI Trust Fund."



This is a back ass way of printing money and it goes up next year by 8.7%

which means hard times coming.

They mention they want a rate of 2% rather than 8.2%

rates will go up .75 or 1.00 next time they adjust in Nov

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October 13, 2022, 01:29:06 PM
Last edit: October 13, 2022, 01:41:35 PM by Torque
Merited by El duderino_ (10)

Notice how Wall Street is not panicking about the stonk market?

Because their all short af. With all that free money that the Fed gave them last year.

Also, Gold slammed lower on continuing hot inflation. Not odd at all. I'm sure all the Average Joes and financial institutions are just itching to sell all their Gold because inflation rages.  Roll Eyes

Can't make this shit up anymore.
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October 13, 2022, 01:29:31 PM

The Financial Accounting Standards Board on Wednesday said companies should use fair-value accounting for measuring bitcoin and other crypto assets" - @WSJ

This is a major milestone on the road to institutional bitcoin    adoption

Source:  saylor
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October 13, 2022, 01:30:15 PM
Merited by El duderino_ (5)

Just another day, just another HODL.

+3 WOsMerit's



---------------


I think its good to keep at the front of your mind that..
we are in one of the worst financial situations seen in over 40 years imo
bitcoin is still trading over 18k right thru the middle of it
whilst scared like most at what the future will bring, i am quite impressed with bitcoins resiliency
imaging the market reacting to this 4 years ago...not a pretty sight
i think things will be ok...albeit rocky at times perhaps
stronghands
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October 13, 2022, 01:33:30 PM
Merited by El duderino_ (5)

Alright, alright. New data and analysis coming in. The price won't sustain more than 5 consecutive days above $19k for the rest of the year.
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October 13, 2022, 01:34:05 PM
Merited by vapourminer (1)

the most important 12 words Cool

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October 13, 2022, 01:47:39 PM


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October 13, 2022, 02:01:17 PM


Explanation
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October 13, 2022, 02:16:32 PM

BREAKING :
" Bitcoin is the ultimate freedom,
the ultimate liberty.” — Nigel Farage

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October 13, 2022, 02:20:58 PM
Last edit: October 13, 2022, 02:46:30 PM by xhomerx10

By the way, some six days ago I got a feeling of a kind of tingling pain on the right side of my scalp, and when I brushed my teeth I felt pain in my gum on the right side. I didn't think much of it at first, but yesterday I got blister in my scalp as well so I went to see a doctor today, and it turns out I have shingles. So now I'm on valaciclovir, the pain isn't as bad as I thought it would be though.

Be careful with shingles. My daughter got shingles in her right eye and while the shingles have "gone" it led to some secondary problems. It seems shingles never "go away" - they just wait there and can spring up again. Yes healthy lifestyle and eating and good sleep etc reduce the likelihood of repeats so that seems to be the way to go for lots of things. best of luck.
 For the record, this quote is incorrectly attributed to me.  Please use care when editing posts.

Edit:  also for the record, this misquote was carried forward to here
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October 13, 2022, 02:28:22 PM
Last edit: October 13, 2022, 02:58:53 PM by HI-TEC99
Merited by vapourminer (1), JayJuanGee (1)

Bear talk




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October 13, 2022, 02:33:53 PM

There are some analysts on twitter (yeah, i know...) calling a double bottom.
I'm curious if this will play out. Somehow, even at these low volatility charts, the bear market may not be over yet.
Bob was calling sideways for the remaining year in summer (IIRC), but i didn't expect the sideways get this low.
However, i hodl on, as usual.
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October 13, 2022, 02:43:55 PM

The core number is really bad
0.6 jump to 6.6

ANY TIME NOW, SATAN!

GETTING TIRED OF WAITING ON JESUS MAKING A SECOND APPEARANCE!
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October 13, 2022, 02:46:22 PM
Last edit: May 15, 2023, 11:27:39 AM by fillippone
Merited by JayJuanGee (1)

CPI not great. Might take out the lows at some point soon.
<...>
History will repeats again and we will see a final capitulation with a bottom between middle november and december 2023 ? We will know soon..

Last time CPI data came out it dumped then recovered.
Will assume it will do the same just slower because of the way the economy across the globe are all the sh***er right now.

But having bitcoin at mid $18k is troublesome.

Crypto winter has really begun?

Worse news is the way this prints money and tightens money at same time
<...>





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October 13, 2022, 03:01:21 PM


Explanation
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October 13, 2022, 03:03:20 PM
Merited by El duderino_ (10)

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October 13, 2022, 03:13:51 PM

Alright, alright. New data and analysis coming in. The price won't sustain more than 5 consecutive days above $19k for the rest of the year.

Do you have a source in the CP of China or did Faketoshi contact you in your dreams? I'm trying to understand how serious you are this time Roll Eyes

You know there are still 2.5 months until the end of the year?
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