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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26400672 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.)
Gachapin
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May 02, 2023, 04:06:51 PM
Last edit: May 02, 2023, 04:57:32 PM by Gachapin
Merited by fillippone (3)




might be some preparing for a gold backed currency

different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...  Tongue

xhomerx10
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May 02, 2023, 04:24:44 PM
Merited by JayJuanGee (1)

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?


 I don't think "easy" means what you think it means. Smiley

 That looks like a heavy duty overhead crane ~20t at least in a ~70's era heavy manufacturing plant?  You're there to update their lighting to newer, more efficient LEDs.
fillippone
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May 02, 2023, 04:29:50 PM




might be some preparing for a gold backed currency

different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...



LOL.

You should include a tag or a smiley face, otherwise due to Poe’s Law, someone could think you are serious about this one!
Gachapin
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May 02, 2023, 04:58:17 PM




might be some preparing for a gold backed currency

different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...



LOL.

You should include a tag or a smiley face, otherwise due to Poe’s Law, someone could think you are serious about this one!

done
ChartBuddy
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May 02, 2023, 05:01:18 PM


Explanation
BitcoinBunny
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May 02, 2023, 05:06:22 PM




might be some preparing for a gold backed currency

different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...  Tongue



If buy in, buy back and storage was literally zero fees then gold has JUST about kept up with inflation between the top in 2011 - May 2023 according to the Bank of England inflation calculator.

And that is based on OFFICIAL inflation figures.

Pretty poor over 12 years considering you lose so much buying in, selling and paying either someone to store gold for you or risk holding it yourself.


Beyond the obvious confiscation problems we have seen with gold in history, considering it is now more and more at the mercy of massive nations that the west is no longer friendly with (for various reasons), which have massive demographical problems and also banks that are happy to help the odd pedophile here and there, I'm not so sure it is a wise investment.
philipma1957
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May 02, 2023, 05:07:50 PM

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.

same here. ive left it for a couple minutes sometimes and its still frozen when i return.. then when i do resend it its already posted.

seems to happen more 1st thing in the morning or maybe just after prolonged inactivity of not posting?

More often when I use my wi fi connected iPad than my hard wired Mac mini.  But both do it.
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May 02, 2023, 05:16:38 PM
Merited by JayJuanGee (1), coolcoinz (1), bullrun2024bro (1), ErisDiscordia (1)

PacWest, Western Alliance crash as regional bank fears continue to shake markets
Their drops of more than 20% in morning trading come one day after JPMorgan Chase (JPM) purchased the bulk of First Republic (FRC), in a deal that was designed to restore stability to the banking system after two months of turmoil.

Source:
https://finance.yahoo.com/news/pacwest-western-alliance-crash-as-regional-bank-fears-continue-to-shake-markets-151815103.html

Btw, this is after Jamie Dimon said yesterday that 'this part of the crisis is over'. Yeap, right #coughclowncough.
I think the bank crisis has just began. No matter how hard bankers try to cover it up, it is developing really fast. I'm so glad that all these fat bankers who dissed Bitcoin as an asset that will ultimately go to 0 now are seeing their own stonks going to 0. This is karma, bitches!  Grin Next time when you try to sabotage "crypto" banks, think twice!
bullrun2024bro
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May 02, 2023, 05:19:56 PM
Merited by JayJuanGee (1), ivomm (1)

And these bankers said Bitcoin is volatile. Another horrific day for US regional banks.

PacWest Bancorp down more than 30% today. Stock halted. Western Alliance Bank and Metropolitan Bank both down more than 25% today. Both stocks halted.

I will keep stacking sats, while they keep failing.  Cool


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May 02, 2023, 06:01:21 PM


Explanation
Phil_S
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We choose to go to the moon


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May 02, 2023, 06:06:27 PM





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


https://imgur.com/gallery/CpmC4U5
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May 02, 2023, 06:53:57 PM

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.

same here. ive left it for a couple minutes sometimes and its still frozen when i return.. then when i do resend it its already posted.

seems to happen more 1st thing in the morning or maybe just after prolonged inactivity of not posting?

For me it happens when I try to post something and it takes forever, then times out. If I keep checking my post history the new post doesn't show up until after the time out. If I click resend it double posts it.
ChartBuddy
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May 02, 2023, 07:01:17 PM


Explanation
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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May 02, 2023, 07:34:48 PM
Last edit: May 02, 2023, 07:45:00 PM by JayJuanGee

I got it, but I am reconsidering even to have more than a current month expense in the bank.
You get 0% there and in a money market almost 5%.
I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks.
In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long.

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...
Bankers are scum. They certainly caused WWII plus many other wars.

I fear for BTC as bankers are killers.

Maybe you should get ur lil selfie some of dee cornz Philip - in case it catches on?
and stop being such an ongoing bank/banker sycophant (fanboi)

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.

........AND.....

They seemed to have had resolved the ever-present ongoing dilemma regarding the plurality of dee cornz... ... to deem dems as:

"bitcoins"


when there are a large number of "us" who consider the plurality of "bitcoin" to be "bitcoin"


Who would-a-thunk?

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?

Shakey finger syndrome of the elderly, I suspect.


 Cry Cry Cry Cry

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. Roll Eyes

This people hasn't forgotten.
ChartBuddy
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May 02, 2023, 08:01:17 PM


Explanation
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May 02, 2023, 08:07:35 PM

I wouldn't be able to hold on to chocolate bitcoins. I'd wash them down with my morning coffee.

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


Dude shows his true grit
Weights rise and so does bitcoin
Corn's strength and honor

Tongue

JayJuanGee
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May 02, 2023, 08:31:51 PM

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


Yeah.. I get your point, but how liquid is that wealth?  And are you valuating your wealth properly.

$7k per month is a good income.. and even in the current presumptive fuck you status level of income.. since $2million in wealth (or at least $2million of an investment portfolio) should be able to draw down 4% per year and thereby support around $6,666  per month of income.

Therefore such a person with that level of income already coming in and that level of wealth.. should already be able to fairly comfortably spend in the ballpark of $13,666 per month.. and sure if there might be some desires to keep a bit of a cushion, then s/he could spend less than the full amount... but still I would not consider any problem averaging $13,666 per month as much as I would have a problem for someone who spends towards the top of the range, but then ends up averaging way higher than $13,666 because s/he has some months of expenditures that go way beyond the $13,666 amount.. .. Therefore, it may well be better to spend around $10-$12k per month and then just have that extra amount of $1,666 to $3,666 around as a kind of cushion that would off-set the higher expenditure months.. and/or leave freedoms to have such higher expenditure months.


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 .


Some of this is overlapping?  or this is additional wealth?

Of course, you could draw upon any of the categories, or you could lump them all together in order to figure out your monthly budget and then your monthly cushion, too.... and surely, there can be situations in which you have way more wealth (or you are spending way under the allocated amount, so your wealth is still building, and so there is nothing wrong with that), and sure, you could put some items into a separate category or a separate budget.. which seems to be what you did with the $700k home that may well just be in reserves, and the $800k that you say that you can do whatever with it.. but if you have too many categories, then you do not really seem to be sharing any kind of information in regards to trying to exercise any kind of meaningful discipline (or attempts at learning) in regards to your allocations.

I don't have any problem with the idea of still allowing your portfolio to build, even though you may well should be getting to a stage (age-wise) in which you also want to make sure that you are spending, but at the same time, the mere fact that you might want to keep a lot of funds somewhat liquid, still does not seem to justify pushing IBonds, even if you are in a position (on a personal level) to continually max out your IBonds.. for your own allocation (and perhaps your wife's too).. and so that also would not justify pushing that IBond crap in a thread like this (or a forum like this, for that matter).

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.
Many people in the US are paycheck to paycheck.

The current economic situation is not in any kind of a place in which interest rates on homes are likely to drop any time soon.... the next phase may well be having more people lose their homes because some rates will adjust upwardly.. and those with fixed rates might end up getting forced out of their fixed rate for one reason or another.. .. including if neighborhood (comparable) houses drop in value then they end up being underwater..... I am not trying to speculate on the specifics because there are still some neighborhood differences and also differences in terms of how long someone may have had been in their current mortgage set up... which goes back to the issue of how much "actual equity" that they might have and be able to potentially use as you seem to be suggesting to be "so easy."

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.

You are likely in the ballpark of correct on these dynamics.

You can really see the decoupling of Bitcoin and traditional markets on days like today. Total bloodbath in traditional equities while Bitcoin sits nearly atop of a recent bull run. This is going to need to continue for quite some time if Bitcoin is to maintain its trajectory throughout the coming financial crisis. Interesting times approaching.

Yep.. that's right dawg.

These are the kinds of moments that "people" tend to NOT analyze, even though these kinds of moments have frequently happened in bitcoinlandia.. and when BTC goes back to "being correlated" then we are going to be hearing so much in regards to "how correlated" bitcoin happens to be... blah blah blah.... hahahahaha..

....while normies fail/refuse to sufficiently/adequately allocate some value towards dee cornz because they fail/refuse to recognize the fact of the matter in regards to bitcoin not being correlated to traditional asset classes (beyond from time to time appearances).


might be some preparing for a gold backed currency

different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...  Tongue

Ain't nobody got time for "actually proving" of reserves.

Don't u know nuttin Gachapin?

 Cheesy Cheesy Cheesy Cheesy Cheesy
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May 02, 2023, 09:01:22 PM


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May 02, 2023, 09:34:32 PM
Merited by JayJuanGee (1)

Taking equity out of ones home, another thing you can't do here (and people wouldn't understand). Of course we saw in 2009 that it led to plenty of people losing their home...
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May 02, 2023, 10:01:17 PM


Explanation
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