Bitcoin Forum
June 13, 2024, 07:18:38 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 31821 31822 31823 31824 31825 31826 31827 31828 31829 31830 31831 31832 31833 31834 31835 31836 31837 31838 31839 31840 31841 31842 31843 31844 31845 31846 31847 31848 31849 31850 31851 31852 31853 31854 31855 31856 31857 31858 31859 31860 31861 31862 31863 31864 31865 31866 31867 31868 31869 31870 [31871] 31872 31873 31874 31875 31876 31877 31878 31879 31880 31881 31882 31883 31884 31885 31886 31887 31888 31889 31890 31891 31892 31893 31894 31895 31896 31897 31898 31899 31900 31901 31902 31903 31904 31905 31906 31907 31908 31909 31910 31911 31912 31913 31914 31915 31916 31917 31918 31919 31920 31921 ... 33443 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26399363 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.)
BitcoinBunny
Legendary
*
Offline Offline

Activity: 1498
Merit: 2530



View Profile
March 10, 2023, 02:18:33 PM
Merited by JayJuanGee (1), AlcoHoDL (1)

I'm still struggling with my dads ilnesses. Too bad that Bitcoin is crashing and I have no comfort in it. I'm spending like crazy these months for everything that I want. It is just a mood I've never been before. I know that the price is good for buying, but I'm deep under water regarding monthly fiat income. I will keep my main stash intact, only spending what I need to buy something. And "need" is a strong word. For example why on earth I decided to buy Meta Quest 2 VR only to play Star Wars Squadrons, provided I had the game for 2 years and barely played it? And why I bought apple airpods 1 (real) and 2 (fake) only to decide to buy pro 2 (real). I don't even have iphone or ipad to use them properly. I'm a fan of Samsung - with Galaxy tab s7+ and s23 ultra recently bought, I'm quite satisfied.

tl;sr. May be later this year the DCA mood will return again, but not now. Roll Eyes

Sending best wishes to your dad.


Only buy what you need. Don't look at what others have or what they tell you to buy. Forget about the whole "this product will give you that lifestyle etc." It's all a load of BS.


Maybe it's an age thing but what I've been doing...

I'm still driving my 7 year old car, it should have plenty of life left.
Sure I wanted a Tesla in the past but there is no need for one, only a massive monthly bill and will only complicate my driving, I still pull away at traffic lights faster than almost anyone else with my old vehicle, thus I don't need a Musk car.

I'm still using my 7 year old 1080p projector with surround system I got at the time. Only recently changed the stock bulb for the first time. A minimal cost.
Sure I'd love a massive 8K LG Oled but it will only cause lots of problems I reckon and is an enormous cost and my screen size would in fact be reduced. Most of the movies I've seen in the cinema were never 4K (mostly 2K I believe) and isn't OLED either, so who the F cares anyway. The projector I have you can buy on eBay for less than £500.
I massively enjoyed Stranger Things recently. I'd watch it again. Still enjoy some older games, new tracks on Mario Kart 8.

I spent £120 on a Marshall Major IV bluetooth headset last year. Best headphones I've owned. When charged they last for hours and hours. Clearer than Beyerdynamic DT 770 80 Ohm I've owned for years.
Amazing value. I don't care how it looks when I'm walking through town. In ear headphones suck donkey balls in my opinion. Can't hear a thing.

The Meta Quest 2 VR looked good but I must admit I got quite bored with VR on a cheap Oculus Go after 4-6 months and that was with the best quality VR Porn available to mankind. I doubt ANYTHING else would want me to put on a headset on a more regular basis.
Anyone curious should try it but again it's just not going to be lifestyle changing at all I would say.

ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
March 10, 2023, 03:01:21 PM


Explanation
Torque
Legendary
*
Offline Offline

Activity: 3598
Merit: 5069



View Profile
March 10, 2023, 03:03:46 PM
Last edit: March 10, 2023, 03:16:24 PM by Torque
Merited by JayJuanGee (1)

Well well well, when the Fed raises the cost for start ups and corporations to borrow cheap debt, stocks crash, people get laid off en masse, and the world economies go to shit.

Oh my, who woulda thunk it? <picachuface.jpg>  Roll Eyes

It's almost like...the world economies' corporations are completely subsidized now because they can't make a profit anymore? Who knew? /s
Torque
Legendary
*
Offline Offline

Activity: 3598
Merit: 5069



View Profile
March 10, 2023, 03:09:52 PM
Last edit: March 10, 2023, 03:45:08 PM by Torque

The Meta Quest 2 VR looked good but I must admit I got quite bored with VR on a cheap Oculus Go after 4-6 months and that was with the best quality VR Porn available to mankind. I doubt ANYTHING else would want me to put on a headset on a more regular basis.
Anyone curious should try it but again it's just not going to be lifestyle changing at all I would say.

IMO, VR and VR games are the most over-hyped "next big thing" going today. (well, next to folding screen smartphones anyway)

I imagine that a lot of people get FOMO'ed into buying the expensive VR gear, setting it up, play a few games a few times, and then after all the newness hype wears off....the gear sits gathering dust in the corner, as they go back to playing regular console or PC games again. Then eventually they sell their gear on EBay at a loss.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
March 10, 2023, 04:01:17 PM


Explanation
vapourminer
Legendary
*
Offline Offline

Activity: 4354
Merit: 3614


what is this "brake pedal" you speak of?


View Profile
March 10, 2023, 04:02:32 PM

Of course it will shatter the hopes of many long term hodlers as well...  but we know, badger don't give a fuck about our feeewlings 

wut?

long term hodlers dont use hope as a stratagy.  we know how good the corn is and have proved it.. or we would not hodle through ~70k with a relaxed smile.

jojo69
Legendary
*
Offline Offline

Activity: 3206
Merit: 4386


diamond-handed zealot


View Profile
March 10, 2023, 04:04:39 PM
Merited by Hueristic (1)

Biodom
Legendary
*
Offline Offline

Activity: 3794
Merit: 3959



View Profile
March 10, 2023, 04:46:48 PM
Last edit: March 11, 2023, 02:45:19 AM by Biodom
Merited by vapourminer (1), Hueristic (1), JayJuanGee (1), d_eddie (1), DdmrDdmr (1), Gachapin (1)

Quote
An explainer on what is going on with Silicon Valley Bank:

- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.

https://twitter.com/jamiequint/status/1633956163565002752




....as philipma1957 said on other occasions, seems bonds continue to damage Bitcoin price... if my retard brain understands it correctly




you misunderstood, sorry.
It is just that moron bank (and maybe many more) used large cash deposits from "smart" investors taking profits at the end of 2021 to purchase some bonds (MBS) that had long duration, but tiny yield.
Because yield is now much higher, those bonds were at a loss on their books.

Bottom line: if you have 10/1 loans to deposits ratio, your "book" would be screwed with a fast move in interest rates.
personally, i think that Silvergate/SIVB is something like hedge funds blowup in Jan-Feb 2007.
Then a "Bear" and then "Lehman"...maybe not to the same degree, but enough to do some "damage".

Bitcoin has NOTHING to do with this, it's just being thrown out "because crypto" kind of Wall Street thinking.
Smart money accumulates.
Gachapin
Legendary
*
Offline Offline

Activity: 952
Merit: 1919


bitcoin retard


View Profile
March 10, 2023, 04:51:36 PM

Of course it will shatter the hopes of many long term hodlers as well...  but we know, badger don't give a fuck about our feeewlings 

wut?

long term hodlers dont use hope as a stratagy.  we know how good the corn is and have proved it.. or we would not hodle through ~70k with a relaxed smile.



ok then... let's call it expectations instead of hope...  expectations that the rest of the world catches on...

hodling my 3. bear.  relaxation: agreed.  but smiling?  not really. still too annoyed by leveraged bottom sellers
Gachapin
Legendary
*
Offline Offline

Activity: 952
Merit: 1919


bitcoin retard


View Profile
March 10, 2023, 05:00:13 PM

Quote
An explainer on what is going on with Silicon Valley Bank:

- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.

https://twitter.com/jamiequint/status/1633956163565002752




....as philipma1957 said on other occasions, seems bonds continue to damage Bitcoin price... if my retard brain understands it correctly




you misunderstood, sorry.
It is just that moron bank (and maybe many more) used large cash deposits from "smart" investors taking profits at the end of 2021 to purchase some bonds (MBS) that had long duration, but tiny yield.
Because yield is now much higher, those bonds were at a loss on their books.

Bottom line: if you have 10/1 loans to deposits ratio, your "book" would be screwed with a fast move in interest rates.
personally, i think that Sivergate/SIVB is something like hedge funds blowup in Jan-Feb 2007.
Then a "Bear" and then "Lehman"...maybe not to the same degree, but enough to do some "damage".

Bitcoin has NOTHING to do with this, it's just being thrown out "because crypto" kind of Wall Street thinking.
Smart money accumulates.

Don't apologize. Thanks for explaining.

I see.. it's their books. but still, wasn't their problem the increase of yield in bonds that philip has been indirectly talking about, when he was cheering for i-bonds?
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
March 10, 2023, 05:01:17 PM


Explanation
Biodom
Legendary
*
Offline Offline

Activity: 3794
Merit: 3959



View Profile
March 10, 2023, 05:23:53 PM

SIVB-receivership?? Wow
two days ago the stock was $268, yesterday $108, now halted with news of possible sell and it currently being placed in receivership.
This is faster than Bear went down in 2007.
Let me guess: $2/share?

EDIT: this is an important bank for venture caps, had 175 bil(!) deposits at the end of December.

people REALLY should put money in bitcoin (not a financial advice).
 
Richy_T
Legendary
*
Offline Offline

Activity: 2450
Merit: 2130


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
March 10, 2023, 05:31:39 PM

When the whales mega short, they just love to follow up the FUD with a big dip below what they think are major psychological numbers.

Yep. Wait for some bad news, knock it down then squash any recoveries. Finish up with buying cheap coins.

I don't know about glass hands, it seems like people have banana pudding hands. How long until 2024?
BobLawblaw
Legendary
*
Offline Offline

Activity: 1828
Merit: 5556


Neighborhood Shenanigans Dispenser


View Profile
March 10, 2023, 05:34:29 PM

Stay calm and hodl with conviction, folks.

Richy_T
Legendary
*
Offline Offline

Activity: 2450
Merit: 2130


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
March 10, 2023, 05:45:21 PM
Merited by d_eddie (1)

At least we can party like it's 19.99
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
March 10, 2023, 06:01:20 PM


Explanation
JimboToronto
Legendary
*
Offline Offline

Activity: 4032
Merit: 4569


You're never too old to think young.


View Profile
March 10, 2023, 06:03:45 PM
Merited by Toxic2040 (2), vapourminer (1), xhomerx10 (1), Hueristic (1), JayJuanGee (1), d_eddie (1), AlcoHoDL (1), DdmrDdmr (1)

Good morning Bitcoinland. Back up over $20k, barely.

Been away for a bit. Week from hell.

First our flight to Cancun was delayed twice and then cancelled by a massive blizzard. Then we were stuck on the plane when the connecting ramp at the airport gate malfunctioned. Didn't get to our hotel in Playa del Carmen until after midnight. Dentist appointment at 11:00am but we hadn't eaten since noon so we went out to the local live music bar only to find the kitchen closed. Luckily a friend working there talked them into making us some nachos con pollo. After 3 double margaritas each our hunger and stress were abated and we made it back to our hotel by 1:00am. Disco noise nearby kept us awake until after 3:00am.

Got up  at 8:00 for coffee and enchiladas con mole and were about to go out to find a taxi when the dentist Whatsapped me to say my teeth hadn't arrived from the lab as promised and re-booked me for 4:00pm, then again for 6:00pm. We sat in his waiting room for another half hour waiting for the delivery dude to finally show up. More margaritas required.

Made it out to our little jungle village to find out that they were going to shut down the power for 2 days. We turned on the freezer and froze enough buckets of ice to feed the Coleman cooler that serves as our fridge during outages. Our trusty little Honda EU2000i will run our freezer, air conditioner, LED lights and all our electronics including chargers for over 8 hours on a gallon of gas, but we have to turn off the AC to use anything else. Unfortunately someone had "borrowed" most of our well-preserved gas supply and we were critically low on fuel. The power outage meant that the gas pumps didn't work. Luckily a local kept an overpriced supply of gas available in big coke bottles.

The power is back on today so we again have internet which is our only communication. We have no landline or cellphone service here. Everybody uses Whatsapp. Luckily we've learned to be prepared for the unexpected out here.

Now to try to find a cheap flight back next week. Gotta be back before the end of March. Got a gig on April Fools Day.

Salud!
Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
March 10, 2023, 06:14:59 PM
Merited by xhomerx10 (1), d_eddie (1)

Good morning Bitcoinland. Back up over $20k, barely.

Been away for a bit. Week from hell.

 
...when the dentist Whatsapped me to say my teeth hadn't arrived from the lab as promised....


More margaritas required.


Salud!


not sure how many times in life one would be able to write something like that down...and it be true as well...    Grin Cheesy Cool

+1 WOsMerit



----------



Biodom
Legendary
*
Offline Offline

Activity: 3794
Merit: 3959



View Profile
March 10, 2023, 06:15:13 PM
Merited by Hueristic (1)

Fin "guy" predicts 100bp interest rate CUT within 6-9 mo.
https://www.youtube.com/watch?v=cdSiIYBiGjI

Stocks bottom is usually within 6 mo of the cut start, so, say, cuts start in 3-6mo, then bull market starts (in full) in 9-12 mo.
Makes sense, just before the halving.

That...or we are in 1930 (or maybe spring 2007)...I prefer the first scenario (100 bp cut).

Looking to make a sizable purchase of btc and stocks, but not yet.
dogebearman
Full Member
***
Offline Offline

Activity: 711
Merit: 204



View Profile
March 10, 2023, 06:57:41 PM

When I shorted ETH last week at 1652.04 I did it as a consequence of BTC failing to break the 200MA resistance.
I was expecting BTC to confirm the technical double bottom of June 18th and November 09th one last time.
Now all this wind of news and fud is catching my sails, still I believe the bottom is in technically - just needs one more confirmation.
The only thing that has changed is that we are moving there faster now.

Pages: « 1 ... 31821 31822 31823 31824 31825 31826 31827 31828 31829 31830 31831 31832 31833 31834 31835 31836 31837 31838 31839 31840 31841 31842 31843 31844 31845 31846 31847 31848 31849 31850 31851 31852 31853 31854 31855 31856 31857 31858 31859 31860 31861 31862 31863 31864 31865 31866 31867 31868 31869 31870 [31871] 31872 31873 31874 31875 31876 31877 31878 31879 31880 31881 31882 31883 31884 31885 31886 31887 31888 31889 31890 31891 31892 31893 31894 31895 31896 31897 31898 31899 31900 31901 31902 31903 31904 31905 31906 31907 31908 31909 31910 31911 31912 31913 31914 31915 31916 31917 31918 31919 31920 31921 ... 33443 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!