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

[Indymoney]

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[BobLawblaw]

Well, that was a strange green dildo out of nowhere, getting rekt fast...

[Torque]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

Until the Fed actually puts their money where their mouth is and raises interest rates, it's all just a load of bullshit anyway.

It's doubtful that Wall Street will even allow them to raise rates at this point. If they try it, WS will just mass sell off stocks, sending markets crashing.

So it's the Fed's allegiance to the 1% that's keeping rates at zero and inflation low (aka stagflation).

[S3052_TheRealOne]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

Until the Fed actually puts their money where their mouth is and raises interest rates, it's all just a load of bullshit anyway.

It's doubtful that Wall Street will even allow them to raise rates at this point. If they try it, WS will just mass sell off stocks, sending markets crashing.

So it's the Fed's allegiance to the 1% that's keeping rates at zero and inflation low (aka stagflation).

This is 100% true.
Very likely, the rates will rise slowly anyhow, no matter if the FED raises rates. The FED is behind the curve all the time. Then WS will crash anyhow.

[JayJuanGee]

Haters everywhere.....

That's another way of thinking about the matter, which seems to get us back to some variation of the dog eat dog world theme.

[jojo69]

[podyx]

Dis not looking good...

[JayJuanGee]

Actually......

Its been a long time that some WO regulars have been on the WO

I'm a bit curious of the thoughts of one of theme, he claimed that around this period a lot of WO's wouldn't be active anymore due of longer time down, I always have respected he's opinion as I do respect all the opinions of everyone who are speaking solid and fair thought...
Longer down would always be possible just as faster UP would be as well.

But Majormax I think, please share your opinion how you think at this moment

Cause it played out a bit different as how you where thinking...

You are correct, dude... Majormax's absence tends to be a bit telling.. and I would not mind laughing in his face a bit... and I cannot recall if I am overdue for such a dose of laughing or not. 

Of course, we could have a BTC price correction and even have a large and drug out BTC price correction from here, but there do seem to be ongoing upwards BTC price pressures, even at current prices.

HODLers and accumulators were not necessarily affected by the negative (and even well articulated bear proclamations), yet surely some would have been coiners could have been overly reliant on some of the prior bearish proclamations and even giving those bearish proclamations too much weight in terms of either failing/refusing to buy BTC, failing/refusing to buy a sufficient amount of BTC or waiting to buy BTC after prices go below $3k (or whatever unrealistic lower corrections were within their hopenings) (hopefully not too many of the normies went so far as shorting BTC, even though I am sure some of them attempted that, too).

As I am typing, now, I am seeing a correction, so sure this could be the BIG ONE coming.  Observing a low of $11,128 within the past minute ... with ongoing dumpening.      oh oh... edit , edit , edit .... Changed my mind; bitcoin is ded boyz!!!!

[Karartma1]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

They are trying hard to clean the debt shit they created. Now watch out for interest rates, it's going to be a bumpy autumn. Don't get me wrong guys but I think bitcoin could suffer a bit from this in the short term.
But in the long run we are moving as planned. Fireworks ahead.

[JayJuanGee]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

Or

-Indeed hang out at the WALL and be humble
-maybe spam? (isn't that what I did?)
-Indeed no shitcoinery, or do it off the books WALL... 
-mmm we can't all be dickless I think or is the WALL full of pussy ??
-don't obvious fish for merit.   (Damn guilty again, did I fished or not before) 
-Don't be a roach, though he's merited a lot as well 

Had to merit you for the confession speech... hahahahahaha...

It's like if some of us (in these here parts) may have met all our goals in life and then run out of things in which to aspire... We would not want any kind of disappearances of aspirations, would we?

Of course, hopefully, you have NOT played all of the hookers, lambos and blow options too early and to often.

Getting back to one of the recent mindrust proclamations (i.e. "no way to spend wealth these days"), travel can be a lot of fun, and some ways to both spend wealth and to have some good times with it, and of course some of the travel options have been hampered in recent times, and maybe we are wishing that travel hamperings are merely temporary?... because it would not be right and proper if the only way that some of us could really travel is to have our own private planes... and even having private planes kind of travel (and that level of wealth) could get hampered too if some of the regular joes are not able to come out of our current economic baloney with a bit of meaning in life (not saying that hookers, lambos and blow cannot bring some meaning to some of us)... but there continue to be public infrastructure matters that seem to be necessary for any kind of real comfort in enjoying some of the luxuries of any wealth system...

Oh shit.. does that mean some of us might have to share some of our wealth or even invest?  Fuck.

[cAPSLOCK]

LOL. Ok, so remember how I mumbled something about $11k USD/BTC being in danger ?

Yeah, ignore all that 😂

Meh.  Looks like we are knocking on support one more time... I still say ~11130 needs to hold.

Sure seems like with the current fundamental environment we would not be spending lots of time going down.

[JayJuanGee]

Honey badger likes the FED going brrr

I think that we got more than enough bbbbbrrrrr already..   but hey, what do I know.. ?  I am no monetarianist.

Some of the problem might not be as much the bbbbbrrrrr but instead some of the lack of focus in terms of really directing created money towards: 1) the virus, 2) infrastructure, 3) supply chain fixes... and 4) similar kinds of productive distributions of investments that end up building production whether labor or materials or infrastructure..

Instead, wouldn't a war come in handy about now?

Of course, TPTB do not tend to want to focus on productive employment of capital because they are busy dishing out benefits to their buddies while the ship is sinking (or is it?) and they believe that they can preserve the ship while engaging in ongoing deceptive practices... which largely have been working in previous times, and surely this exact world situation of the dollar card had not been played before, either with the dollar being a dominant currency and being able to take advantage (tax the rest of the world) of world reliance on the dollar.. it just might work, one more time before the next implosion down the road likely becomes even worse.. perhaps?


The charade can keep going... you just gotta believe.. believe... believe.  Don't you believe?

[BobLawblaw]

LOL. Ok, so remember how I mumbled something about $11k USD/BTC being in danger ?
Yeah, ignore all that 😂

Meh.  Looks like we are knocking on support one more time... I still say ~11130 needs to hold.
Sure seems like with the current fundamental environment we would not be spending lots of time going down.

Yeah

Also, I picked a bad time to add GBTC to one of my portfolios @ ~$13.50

Sheeit.

Good thing I'm hodling long... I guess...

[Last of the V8s]

https://unchained-capital.com/blog/bitcoin-is-one-for-all/

“Inequality is something that has been with us increasingly for more than four decades, it’s not really related to monetary policy. It’s more related to [stutter] there are a lot of theories on what causes it, but it’s been something that’s more or less been going up consistently for more than four decades and there are a lot of different theories, one of which is just that globalization and technology call for rising levels of skills and aptitudes and education and that U.S. educational attainment flattened out, certainly relative to our peers, over that period[.]” Jay Powell, Chairman of Federal Reserve (June 2020)

seems to be about the poor or some such thing. didn't read

[bitserve]

Getting back to one of the recent mindrust proclamations (i.e. "no way to spend wealth these days"), travel can be a lot of fun, and some ways to both spend wealth and to have some good times with it, and of course some of the travel options have been hampered in recent times, and maybe we are wishing that travel hamperings are merely temporary?... because it would not be right and proper if the only way that some of us could really travel is to have our own private planes... and even having private planes kind of travel (and that level of wealth) could get hampered too if some of the regular joes are not able to come out of our current economic baloney with a bit of meaning in life (not saying that hookers, lambos and blow cannot bring some meaning to some of us)... but there continue to be public infrastructure matters that seem to be necessary for any kind of real comfort in enjoying some of the luxuries of any wealth system...

Oh shit.. does that mean some of us might have to share some of our wealth or even invest?  Fuck.

No way to spend wealth these days"? Even if that were somewhat true, because of coronathinggy I assume, one could always buy a fuck you all property to have all the freedom you want inside your OWN place and land and with your own rules.

Bleh, there will always be ways to spend wealth. Maybe MORE so in difficult times.

[cAPSLOCK]

It's rare to see fluffypony not wearing a watch.  But I bet that's a really swanky umbrella.

[Phil_S]

Who knew 11xxx would be so boring!

[bitcoinPsycho]

Haters everywhere.....

That's another way of thinking about the matter, which seems to get us back to some variation of the dog eat dog world theme.

Im the dog at the back

[Last of the V8s]

Jesus’ entire body of work is how to make your mind unposssessable, even in the face of death

The personal sidearm is an attempt to make your body unpossessable

Bitcoin’s design is ultimately to make the fruits of your labour unpossessable

All the same sovereignty energy

https://twitter.com/parabolictrav/status/1299062059838046208

[Last of the V8s]

https://bitcoinmagazine.com/articles/a-monetary-layer-for-the-internet

As the internet liberated free information between global peers, Bitcoin is liberating capital exchange, creating open, fair and social markets in which anyone can participate. New companies exclusively built on Bitcoin’s base layer and/or Lightning are making it safer and easier for sovereign people to opt-out of the legacy banking system.

Excellent explainer of where we are.