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

[ChartBuddy]

Explanation

[WatChe]

Staff representatives at the European Central Bank are disappointed that a planned pay rise doesn’t make up for inflation that’s currently five times the official 2% target.

I am tempted to recommend them to dca into BTC, but I am not sure how well that advice would be received.

The above reference article says: " With inflation in Germany and the euro area likely around 8.5% this year, it means a substantial loss in purchasing power. " and the pay hike is not enough to tackle this record inflation.
The problem with salary class people is that they only stick with there monthly salary and don't invest or do anyother side business ( or work). I too being a salary class person was living a hand to mouth life when I was relying only on monthly salary. The annual salary rise is proportional to inflation, so basically your living standard remains same or goes down with time. I am comfortable since I started side business of investing in cryptocurrency.

The three most harmful addictions are heroin, carbohydrates, and a monthly salary.

[fillippone]

I have been absent from the thread for a while, I hope it hasn't been posted yet, but I found the following image so full of wisdom.

[OutOfMemory]

Staff representatives at the European Central Bank are disappointed that a planned pay rise doesn’t make up for inflation that’s currently five times the official 2% target.

I am tempted to recommend them to dca into BTC, but I am not sure how well that advice would be received.

The above reference article says: " With inflation in Germany and the euro area likely around 8.5% this year, it means a substantial loss in purchasing power. " and the pay hike is not enough to tackle this record inflation.
The problem with salary class people is that they only stick with there monthly salary and don't invest or do anyother side business ( or work). I too being a salary class person was living a hand to mouth life when I was relying only on monthly salary. The annual salary rise is proportional to inflation, so basically your living standard remains same or goes down with time. I am comfortable since I started side business of investing in cryptocurrency.

The three most harmful addictions are heroin, carbohydrates, and a monthly salary.

More and more people were barely making it until next month/salary last year, and the inflation worsened things. Mostly families got hit, with cost for living, food, mobility, energy and school going over the average inflational rise. Debt rates in the private area is growing rapidly, as well as poverty.
Now there's an additional psychological problem: Whenever a normal person recieves extra cash, it mostly gets spent on things this person does not really need. Fpr example, going on vacation for a few days longer, buying the more expensive 2nd hand car, a new television set or even presents, ...whatever.
The "bad mechanics" behind this behaviour is that people map the past and present onto the future, so if they made it until date with an amount of xy per month, they think they can get along like this in the future, too. While observers like us know that people get less for a dollar each year, pay more for the same goods and services each year, i don't have to really tell you how centralized fiat money is "working". Most people don't look at extra money at what it is: A replacement for money they would have spent on other occasions in the past, if they would have had it.
I was in debt when i was young, and i saw everybody around me being in debt doing this, but i plunged every extra cash into my bank account in the reds. When i upped in income, i didn't spend more accordingly, i didn't get a bigger apartment, newer car and such. I made it out in a couple of years, watching people getting wrecked and sometimes jailed because they couldn't adjust. But maybe we didn't really share the same goal, being free of (expensive) debt. At least some of them must have expected to get along like this forever without facing real consequences?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

buddy the anchor pulling towards 16k

[macson]

BREAKING: Binance Bitcoin reserves are fully collateralized, following proof-of-reserves and proof-of-liabilities verification by audit firm Mazars - The Block 

 Source: https://twitter.com/BTC_Archive/status/1600485008304754690

what drama is this?  is binance starting to lose customers?  get out your Bitcoin from CEX...

[eXPHorizon]

BREAKING: Binance Bitcoin reserves are fully collateralized, following proof-of-reserves and proof-of-liabilities verification by audit firm Mazars - The Block  

 Source: https://twitter.com/BTC_Archive/status/1600485008304754690

what drama is this?  is binance starting to lose customers?  get out your Bitcoin from CEX...

Yes indeed quick get them off CEX and into DEX (HUE HUE HUE HUE) or better at keep them in wallets .. which makes Bitcoin , what ? Useless Crypto in General needs Exchanges cause if it comes down to Cash... it dies

[bitcoinPsycho]

Don't know what he said but I bet its retarded

[ChartBuddy]

Explanation

[OutOfMemory]

I can still read his garbage, and whenever i feel tempted to reply i keep telling myself: "it isn't worth it, it isn't worth it...".
Like quitting smoking  

Don't know what he said but I bet its retarded

You would have won that bet 

[bitcoinPsycho]

I can still read his garbage, and whenever i feel tempted to reply i keep telling myself: "it isn't worth it, it isn't worth it...".
Like quitting smoking  

Don't know what he said but I bet its retarded

You would have won that bet 

For the record he's the only person on my ignore list

[twiki]

buddy the anchor pulling towards 16k

Isn't that good? If I'm not mistaken, you were one of those who always bought bitcoins with all their free money.

A bear market can't last forever, (it's still a great opportunity for me to make a little more Sat).

[d_eddie]

I can still read his garbage, and whenever i feel tempted to reply i keep telling myself: "it isn't worth it, it isn't worth it...".
Like quitting smoking  

Don't know what he said but I bet its retarded

You would have won that bet 

For the record he's the only person on my ignore list

+1

He only got on mine after I saw his scroll-me-fast posts fill up half a page. That's too much scrolling even for a patient guy.

[ChartBuddy]

Explanation

[OutOfMemory]

For the record he's the only person on my ignore list

I can't remind of any other user on WO that would be safe-to-ignore (EDIT: lately), honestly, so i think i can relate.
It's just that i decided against using Ignore at some point, because freedom of speech and shit, but i'd never expect anybody to follow this idea.
Sometimes it's a burden and a good test at the same time  

[Biodom]

For space buffs out there..this is incredible

https://www.quantamagazine.org/asymmetry-detected-in-the-distribution-of-galaxies-20221205/

Asymmetry Detected in the Distribution of Galaxies

The Universe (at least this one) is, apparently, asymmetrical (pending confirmatory or contradictory studies).


I wonder what will bitcoin do next year...maybe pops asymmetrically to all this stonk market gloom?

[serveria.com]

I have been absent from the thread for a while, I hope it hasn't been posted yet, but I found the following image so full of wisdom.

Haha... JJG approves... 

[eXPHorizon]

Aw did i step on a cats tail ? Phaha

The reason they got me on Ignore and then they press show/hide is cause i speak the truth and nothing but the truth ALWAYS Even if it means that their "Feelings" get hurt lmfao




🤣