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

[BitcoinBunny]

Another win for UK inflation.

Food prices jump despite drop in wholesale costs
https://www.bbc.co.uk/news/business-65448642

The boss of Sainsbury's said the supermarket would pass on any falls in the price of goods as soon as it could and was "absolutely determined to battle inflation for our customers".

It should't work this way. Competition should drive down prices, not good will gestures from overly paid CEOs.

Government interference was another competition destroyer.

Shutting every small shop and corner store and keeping massive supermarkets open (idiotically, where far more people usually congregate), effectively giving them a monopoly - and thus increasing the chance of inflation because CoViD iS sO dAnGeRoUs was unbelievably stupid.

[ChartBuddy]

Explanation

[HI-TEC99]

Another win for UK inflation.

Food prices jump despite drop in wholesale costs
https://www.bbc.co.uk/news/business-65448642

The boss of Sainsbury's said the supermarket would pass on any falls in the price of goods as soon as it could and was "absolutely determined to battle inflation for our customers".

It should't work this way. Competition should drive down prices, not good will gestures from overly paid CEOs.

...

Next week's "special offer".

[shahzadafzal]

I bought my first funded filled "physical Bitcoin"! I was happily surprised to find chocolate Bitcoin at budget store Action.





I like how Bitcoin awareness is slowly spreading.

Wow... please tell me you are going HODL? Right?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[El duderino_]

Congratulations  🇧🇪 well deserved

https://www.mirror.co.uk/sport/other-sports/snooker/breaking-luca-brecel-wins-worldchampionship-29862603

Brecel made a good impression

Natural talent that guy
Hope he will practice more and not letting his talent go wasted

He’s like only playing 15 minutes a day or something… hope he will put more effort in his talent

[ChartBuddy]

Explanation

[xhomerx10]

I bought my first funded filled "physical Bitcoin"! I was happily surprised to find chocolate Bitcoin at budget store Action.





I like how Bitcoin awareness is slowly spreading.

Wow... please tell me you are going HODL? Right?

 The only way to hodl that sort of thing is around the midsection which is not recommended by 4 out of 5 family doctors.

[xhomerx10]

I seems like every time I post, the board double posts it!   wtf?

edit: except for this one.  Maybe it has something to do with the way images are handled?

[BitcoinBunny]

I seems like every time I post, the board double posts it!   wtf?

edit: except for this one.  Maybe it has something to do with the way images are handled?

Quite often I've seen it take ages to post something, so I think it isn't working, then I try to refresh and it turns out it did post the previous post anyway so indeed in those cases it always seems to end up in a double posting.

[ChartBuddy]

Explanation

[philipma1957]

I seems like every time I post, the board double posts it!   wtf?

edit: except for this one.  Maybe it has something to do with the way images are handled?

Quite often I've seen it take ages to post something, so I think it isn't working, then I try to refresh and it turns out it did post the previous post anyway so indeed in those cases it always seems to end up in a double posting.

This does happen a lot.

[El duderino_]

A CrossFit dude's mind 
Grapples with weights and bitcoin 
Strength and wealth in sight

[xhomerx10]

I seems like every time I post, the board double posts it!   wtf?

edit: except for this one.  Maybe it has something to do with the way images are handled?

Quite often I've seen it take ages to post something, so I think it isn't working, then I try to refresh and it turns out it did post the previous post anyway so indeed in those cases it always seems to end up in a double posting.

This does happen a lot.

 It does seem like the posts that take a while are the ones that end up double.  I don't hit refresh though.

[Who is John Galt?]

In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc.

But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry...

It is often difficult to explain to the older generation how much they lose when they keep money in banks. Especially when interest is charged on deposits. Often they simply say that they needed to save more so that the interest on deposits would cover current expenses. And the extent to which these expenses have increased over the past decades is difficult for most people to grasp. Many people try to instill the habit of trusting banks in their children and grandchildren. Conservative views on this issue will play into the hands of banks for a long time to come. There is more hope that young people with their open eyes will be able to understand the idea of bitcoin. Those of the older generation who are skeptical now are unlikely to change their attitude. Youth will have to help them later.

The best thing my parents did with money was what they spent on everyday needs, on entertainment, on experiences. And almost all the savings in the bank only depreciate more and more.

[ChartBuddy]

Explanation

[Gachapin]

People seem to have forgotten that Bitcoin hit $65k in mid 2021 and went all the way back down to $28k in the summer before coming back above $65k again.

reported for plagiarism
https://thecurrencyanalytics.com/bitcoin/is-the-bitcoin-btc-a-falling-knife-for-new-buyers-who-did-not-buy-before-38128.php

[philipma1957]

In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc.

But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry...

It is often difficult to explain to the older generation how much they lose when they keep money in banks. Especially when interest is charged on deposits. Often they simply say that they needed to save more so that the interest on deposits would cover current expenses. And the extent to which these expenses have increased over the past decades is difficult for most people to grasp. Many people try to instill the habit of trusting banks in their children and grandchildren. Conservative views on this issue will play into the hands of banks for a long time to come. There is more hope that young people with their open eyes will be able to understand the idea of bitcoin. Those of the older generation who are skeptical now are unlikely to change their attitude. Youth will have to help them later.

The best thing my parents did with money was what they spent on everyday needs, on entertainment, on experiences. And almost all the savings in the bank only depreciate more and more.

You can think that.  But if you have some wealth spread around cash is fine.
7,000 a month take home in pensions
and  2,000,000 wealth

700,000 paid for home
400,000 401k getting 5% in bonds
100,000  in hard metal gold,silver

you have 800,000 to do whatever. BTC, stocks, shitcoins

So now rates are 5% for bonds the 401k makes 20k .

Lots of other methods to use the home equity.

Lets say interest drops like a stone you could mortgage 💸 at 2 or 3%.

Make other moves with that home equity.

But if you are paycheck to paycheck banks offer very little.

Maybe 1 in 25 people living in the US can do my first example of having wealth .

Many people in the US are paycheck to paycheck.

[fillippone]

Observing corn@28,340.

Classic WO game.

Where am I?


Pretty easy I must say.

Given the provided information, where am I going in the next 20 minutes?