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

[ChartBuddy]

Explanation

[1679886013]

1679886013

[1679886013]

1679886013

[RD_BTC]

news:  Euro falls below $0.98 for first time in 20 years as Deutsche Bank forecasts "longer and deeper" recession.

Source: https://twitter.com/BitcoinMagazine/status/1573285025533116417

[Torque]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

[Gachapin]

It's all set up.



https://mobile.twitter.com/StockmoneyL/status/1573281070237503489

thanks for the hopium, but I'm not sure that guy chose the right peak.
and even if:  "markets can stay irrational longer than..."
...especially with the crazy macro w're in rn

[Gachapin]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

hope you are right...

[ChartBuddy]

Explanation

[cygan]

[Torque]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

hope you are right...

Me too.

If I'm wrong, then the Fed absolutely *is without a doubt* on a suicide mission to crush the world's economies.

[ChartBuddy]

Explanation

[Gachapin]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

hope you are right...

Me too.

If I'm wrong, then the Fed absolutely *is without a doubt* on a suicide mission to crush the world's economies.

That looks very likely, as well.  ...especially, when I look at the EU and how they are, while being fully aware, already fucking up their economy.


We just might see the heavily hailed Greta Great Reset develop in front of our eyes..  

I'm already thinking about how to answer "What did you do back then?" to my descendants. I can just hope they will have a nice life with the coins I leave them

[LFC_Bitcoin]

We just might see the heavily hailed Greta Great Reset develop in front of our eyes..  

I'm already thinking about how to answer "What did you do back then?" to my descendants. I can just hope they will have a nice life with the coins I leave them

[Gachapin]

since nobody posted it yet....


A truly wild moment yesterday from the House Financial Services Committee, where they laugh about the revolving door from Congress to the banks.
https://twitter.com/unusual_whales/status/1572984208825655296

[ChartBuddy]

Explanation

[Gachapin]

We just might see the heavily hailed Greta Great Reset develop in front of our eyes..  

I'm already thinking about how to answer "What did you do back then?" to my descendants. I can just hope they will have a nice life with the coins I leave them

surreal meme...  If that comes true, life must be a parody on itself

[goldkingcoiner]

The last thing I would want to tell kidnappers is about my secret Bitcoin stash. God forbid they steal my coin and buy shitcoins with it.

[JayJuanGee]

DXY ($ index)-a big winner this year (so far) +15% (more if you had an interest bearing account).
Compare with -21.6% for S&P 500 (yes i know, even worse than this for bitcoin).
Cash is king...for now (still hodling, though, like a stubborn person I am).

I like this...!!!!

It's kind of like an admission against interest without details... ..since the details get held against you.. you "stubborn" lil whimp..





hahahahahaaha





nohomo

Most of the time, I would like to get rid of my fiat rather than holding onto it.. especially in recent times...

Obviously it's better and I agree with your opinion. what you dream of holding only a piece of money for years, of course its value will be lost by several factors such as inflation that cannot be stopped. but you are lucky if you hold 1 BTC for years to come because we know the longer the BTC will be difficult to get due to the limited supply. therefore shop wisely and manage your money for valuable assets in the years to come.

Of course, in that quoted statement I was exaggerating a bit, but in the overall context of my post, you may have realized that I was attempting to highlight a kind of Gresham's law dynamic that almost everyone has built-into them, even if they do not know it and even if they do not know what is Gresham's law.

If people have enough information about short term and longer term likelihoods that various forms of currencies and assets will hold their value, then they are going to spend the one that is least likely to hold its value first, and it sounds easy in theory, but in practice there is a lot of asymmetry of information both in terms of short-to-medium term timelines but also more difficulties in terms of trying to both figure out the future directions and even difficulties for normies to figure out their own time preferences because a lot of people have difficulties with deferred gratification - even if they might think that they are employing deferred gratification practices.

I am not trying to be "holier than thou" here, because everyone has difficulties with these kinds of calculations, even yours truly, and matters become more difficult because we are being lied to on a regular basis regarding money matters - and for sure, the more that we are able to employ critical thinking skills, then the more likely we will be able to employ various kinds of personal protections - and the personal protections are not necessarily going to be the same for everyone, even if some kinds of practices might have superior qualities that would be shared by almost everyone if all of us were to have equal access to the most true of information - and I am not even claiming that I know the truth, either... even if bitcoin does seem to be amongst the truest of possible values since it is designed to be attach value to information in such a way that is both paradigm shifting but quite difficult to corrupt or interfere with - even though it is also tied to human input and there are various way that people try to both gain value from bitcoin but also try to break it.

Of course, bitcoin cannot necessarily be true upon itself because why would any of us value bitcoin if it were not to have potentials to tie back to obtaining material wealth in the real world too.. whether obtaining investment or consumptive goods... whether used by individuals or institutions or governments.. pretty much equally available to friends and enemies.

[ChartBuddy]

Explanation

[philipma1957]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

you are right and wrong.

I am certain we get 2 more rate hikes. a pair of .75 which will

 get near 5% by years end.

My reasoning is the I Bonds are a done deal
and the Social Security raise along with fed pensions  are all going to be 8% plus.

I bond number Is Oct 1

fed raises are Jan 1

they will fuel inflation bigly

thus 2 more raises. they back off in Feb or March .

But I am only guessing.

https://www.cnn.com/2022/09/21/economy/fed-rate-hike-september/index.html


one guess for I bond rate  on Nov 1

https://mishtalk.com/economics/what-will-the-i-bond-interest-rate-be-in-november-2022

maybe 7.9 to 12 %


ssn guess 9%

https://www.cnbc.com/2022/08/10/social-security-cost-of-living-adjustment-may-be-9point6percent-in-2023.html



fed salary rate hike 4.6%
https://federalnewsnetwork.com/mike-causey-federal-report/2022/09/2023-pay-raise-who-what-when-where-and-why/


fed pension rate hike maybe 8.7%
https://www.myfederalretirement.com/2023-cola-estimate/



this puts a lot of new money in the system

[JayJuanGee]

I am pretty sure that I like this one as much as I had liked the fish one..





.....but it seems that we need some kind of a hybrid.. ... with maybe some more details.. ?  Maybe?  Account for changes in prices, too?


This one from QNT (Fuck shitcoins).. has more categories.. and I am not sure if it would be helpful.




Of course, in bitcoin we likely realize that we should be attempting to be future proofing as much as possible.. so the vast majority of normies (regular people) are likely going to end up with less than 1 BTC, so I am not sure how helpful that might be.


Edit:  Oh yeah.. I almost forgot the Citadel depiction probably does provide a somewhat more accurate "future proof" depiction of levels (and now I am starting to recall that AlcoHODL already said this in earlier responses to these kinds of size of fish ideas.



Maybe all of those other attempts are wastes of time, when the citadel idea seems to capture more of the gradience.. even if maybe the numbers might need to be tweaked from time to time?

Don't forget "Pi Hole Coiner"....that would be yours truly...

Now, you would ruin a good idea.  Wouldn't you?


 

Don't forget "Pi Hole Coiner"....that would be yours truly...

Another possibility for classes of BTC HODLers would be based on Blocks:

50 BTC           Whale
25 BTC           Giant Squid
12.5 BTC        Shark
6.25 BTC        Swordfish
3.125 BTC      Tuna
1.5625 BTC    Dorado
0.78125 BTC   Trout
     .
     .
     .
     .

[Names above chosen for illustration, could also be levels of old-fashioned nobility for example]

You mean like a Citadel?

[DudeAtWork420]

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

Really? But some people saying miners are still in profits and price will go below or break even to that points. I would not mind to wait for some more time before taking another entry. Targeting around 13k for my final entry though i am not sure price will go that far or not. But i wants to take that chance because the reason i already mentioned at first line.