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

[HI-TEC99]

$29k (again).

[philipma1957]

RIP Gordon Lightfoot.
 One of the best.
 A Legendary Canadian Folk/Rock Musician

 He has many great songs but this one is my fave: If You Could Read My Mind


 He passed away May1st and I meant to post it then but I... shaky old man syndrome I guess.

As a sailer in USN "THE wreck of the Edmund Fitzgerald"


https://www.youtube.com/watch?v=9vST6hVRj2A

always held it dear to my heart.

[xyzzy099]

So, please stop posting nonsense about Al Gore!

You don't parse sarcasm do you? There were no macbooks in the 60s. The nonsense about Al Gore was spread by... guess who? Al Gore. Kind of like CSW with bitcoin, but it was even easier to falsify. What a dork.

Rumor has it that Al Gore not only invented the internet, he actually invented most of computer science as we know it.  That's why they call computational methods "Al-Gore-ithms"  

[d_eddie]

Rumor has it that Al Gore not only invented the internet, he actually invented most of computer science as we know it.  That's why they call computational methods "Al-Gore-ithms"  

Don't forget the homage paid to Gore by Arthur C. Clarke: the spaceship computer in A Space Odyssey is not named AL 9000 by chance!

[Biodom]

Rumor has it that Al Gore not only invented the internet, he actually invented most of computer science as we know it.  That's why they call computational methods "Al-Gore-ithms"  

Don't forget the homage paid to Gore by Arthur C. Clarke: the spaceship computer in A Space Odyssey is not named AL 9000 by chance!

It is actually named HAL (name was obtained by moving one letter away from IBM)...

[d_eddie]

Rumor has it that Al Gore not only invented the internet, he actually invented most of computer science as we know it.  That's why they call computational methods "Al-Gore-ithms"  

Don't forget the homage paid to Gore by Arthur C. Clarke: the spaceship computer in A Space Odyssey is not named AL 9000 by chance!

It is actually named HAL (name was obtained by moving one or two letters away from IBM)...strictly speaking, it probably should have been GAL (one letter away afrom IBM), but it was probably politically incorrect even back then, lol.

Today is the day
Of sarcasm impairment
Tsk tsk, Biodom




#haiku

[Biodom]

Rumor has it that Al Gore not only invented the internet, he actually invented most of computer science as we know it.  That's why they call computational methods "Al-Gore-ithms"  

Don't forget the homage paid to Gore by Arthur C. Clarke: the spaceship computer in A Space Odyssey is not named AL 9000 by chance!

It is actually named HAL (name was obtained by moving one or two letters away from IBM)...

Today is the day
Of sarcasm impairment
Tsk tsk, Biodom




#haiku

touche...just couldn't see such reference to one of my favorite movies.

Another irreverent reference:
Slaughterhouse #5 (the first one to write the last name of the author without googling it..count on your honesty...gets 5 merits) ...enters PacWest...check out the late after-hours print.

[d_eddie]

 
I've ben baaaad 

[xyzzy099]

Another irreverent reference:
Slaughterhouse #5 (the first one to write the last name of the author without googling it..count on your honesty...gets 5 merits) ...enters PacWest...check out the late after-hours print.

Vonnegut

*edited to remove 1st name, since that's not what you asked.

[ChartBuddy]

Explanation

[In the silence]

Good Morning $29k.

[ChartBuddy]

Explanation

[Torque]

June 20, 2007:
After receiving margin calls, Bear Stearns bailed out two of its hedge funds with $20 billion of exposure to collateralized debt obligations including subprime mortgages.

Bear Stearns said that "the problem was contained".


May 2nd, 2023:
JPMorgan CEO Jamie Dimon: 'This part of the crisis is over' after First Republic takeover.

Dimon said there’s a chance “another smaller” bank fails, but “this pretty much resolves them all.”

“I think the banking system is very stable,” he said. While there are still concerns over rising interest rates and the potential for a recession, “everyone should just take a deep breath.”

Dimon’s comments echo earlier statements made last month, when he told CNN “I think we’re getting near the end of this particular crisis.”




This is not the 'all clear'...this is just the beginning.

[BitcoinBunny]

Another US rate hike and we will see another one in the UK next Thursday.

How many more banks will be gobbled up by Jamie Demon's evil fiat banking empire before the inevitable economic collapse?



BTC will do what the hell it wants. But it certainly looks like it will be the only life raft left whilst government leaders pretend their own inflated creations (bloated governments) can survive and still grow more.

[ChartBuddy]

Explanation

[Arriemoller]

#springishere

[philipma1957]

Another US rate hike and we will see another one in the UK next Thursday.

How many more banks will be gobbled up by Jamie Demon's evil fiat banking empire before the inevitable economic collapse?



BTC will do what the hell it wants. But it certainly looks like it will be the only life raft left whilst government leaders pretend their own inflated creations (bloated governments) can survive and still grow more.

Well it is not a banking crisis it is an intentional action where banks are intentionally being crushed.

My long time retired banker buddy has told me 10-15 more will fail and the fed will likely push as high as

6% via a jun july sept and maybe oct jump all at .25%

A lot has to do with 3.5 trillion being entrusted to long term care insurance.

They will be more bailed out if we go to 6% vs the 5% we are at.

Look into fed long term care and see that it shut off new customers. Now that they can buy higher interest fed bonds they will be able to take new customers.
So once fed long term care allows more customers to join we may see the pivot.

You won’t  find this info  in many spots. But it is a big factor in what is happening. Think magic shows a pretty girl or loud noise gathers you attention so the magician can do the trick.

Ie inflation allows them the excuse to raise rates while reallity is they are bailing out the long term insurance care companies.

[ChartBuddy]

Explanation

[Biodom]

Well it is not a banking crisis it is an intentional action where banks are intentionally being crushed.

My long time retired banker buddy has told me 10-15 more will fail and the fed will likely push as high as

6% via a jun july sept and maybe oct jump all at .25%

A lot has to do with 3.5 trillion being entrusted to long term care insurance.

They will be more bailed out if we go to 6% vs the 5% we are at.

Look into fed long term care and see that it shut off new customers. Now that they can buy higher interest fed bonds they will be able to take new customers.
So once fed long term care allows more customers to join we may see the pivot.

You won’t  find this info  in many spots. But it is a big factor in what is happening. Think magic shows a pretty girl or loud noise gathers you attention so the magician can do the trick.

Ie inflation allows them the excuse to raise rates while reallity is they are bailing out the long term insurance care companies.

What you suggest is akin to "Cutting off one's nose to spite one's face".
It's unlikely to be the cause, imho.
JP is just "playing Volcker".

That said, I made moves with my bank and ret. accounts (moved from what I perceived to be a more risky place to, hopefully, a less risky one).
We shall see if my intuition was correct or not.

[Volgastallion]

Well it is not a banking crisis it is an intentional action where banks are intentionally being crushed.

My long time retired banker buddy has told me 10-15 more will fail and the fed will likely push as high as

6% via a jun july sept and maybe oct jump all at .25%

A lot has to do with 3.5 trillion being entrusted to long term care insurance.

They will be more bailed out if we go to 6% vs the 5% we are at.

Look into fed long term care and see that it shut off new customers. Now that they can buy higher interest fed bonds they will be able to take new customers.
So once fed long term care allows more customers to join we may see the pivot.

You won’t  find this info  in many spots. But it is a big factor in what is happening. Think magic shows a pretty girl or loud noise gathers you attention so the magician can do the trick.

Ie inflation allows them the excuse to raise rates while reallity is they are bailing out the long term insurance care companies.

[/quote]

Well, yes i agree with you.

And its pretty easy to know this because, we arent in a bank run where you can see all the people rushing to the banks to pull out his money, its only a new saying " ohhh look this X bank make a bad move and in the long term invest they are gonna lose money".

And after that they make a whole scene and yes comes a "virtual bank run" bassed on nothing, because yes in the long term they maybe have a not so good investment, b ut this doesnt mean they are broke or iliquity. But all the press push this narrative, so one day after the bank collapse in the stock markets.....

I dont know if i was clear in my opinion.