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

[somac.]

Just to emphasise my last point regarding the Fed not giving a shit about inflation, I'm listening to the last Macrovoices interview of last year, The guest speaker Louis-Vincent Gave makes a really important point that "inflation is not a bug, it's a feature". The Fed wants inflation, and they are happy with inflation at these levels especially since they know it will decrease somewhat soon once the last of the fiscal spending ends up in the 1% pockets (lower commodities prices help too). And being that there is so much utterly unproductive debt now floating around the system they know they need higher inflation to reduce it.

Expanding debt is necessary to expand the money supply, the money supply needs to expand to grow GDP, having inflation ensures that the expanding debt stays manageable for further debt growth and then further GDP. Yes the system is a ponzi, but that's how it works and inflation is here to stay. Long-term Bitcoin is the best vehicle to survive the monetary system. And the sharp increase illiquid supply we are seeing shows more people now understand the monetary system and also Bitcoin. There will be no more large 80-90% decreases in Bitcoin anymore.

[ChartBuddy]

Explanation

[BitcoinBunny]

Year on inflation in December 2021 6.4% in The Netherlands.

Note that house prices rose beyond 10% last year and one of the leading banks in The Netherlands expects another 12.5% increase this year.

With these figures anyone who complains that "but how can BTC be fair when those who got in early will have massive gains." is a fucking fool OR is purposefully trying to distract from the biggest problems.

[somac.]

Year on inflation in December 2021 6.4% in The Netherlands.

Note that house prices rose beyond 10% last year and one of the leading banks in The Netherlands expects another 12.5% increase this year.

With these figures anyone who complains that "but how can BTC be fair when those who got in early will have massive gains." is a fucking fool OR is purposefully trying to distract from the biggest problems.

Some people just want to go through life with their eyes closed. Then complain when they've fucked up.

[BitcoinBunny]

Inflation is definitely a feature (as was pointed out above).

On top of the inflation feature and the erasure of the middle class in the UK we have this disgusting move by the disgusting UK government btw:
https://uk.yahoo.com/finance/news/one-million-pulled-higher-rate-210315809.html

BuT wE hAvE tO pAy FoR cOvId ReLiEf.

-Fuck off.

 


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Looks like we have a bit of a BTC bounce at the moment.

[somac.]

Inflation is definitely a feature (as was pointed out above).

On top of the inflation feature and the erasure of the middle class in the UK we have this disgusting move by the disgusting UK government btw:
https://uk.yahoo.com/finance/news/one-million-pulled-higher-rate-210315809.html

BuT wE hAvE tO pAy FoR cOvId ReLiEf.

-Fuck off.

 

See I wouldn't mind paying tax if half the money didn't go straight to the extreme wealthy so that the politicians could have sweet million dollar jobs after the leave office on the boards of their comapines. Or if half of the tax left over from that wasn't then wasted on stupid shit the government should have nothing to do with.

Get rid of that and I would proudly pay tax, but that is never going to happen it seems.

[El duderino_]

Imho

Big players, institutional players, new people, who ever ….. have had 13years long to buy BTC on the cheap, over the years when BTC have become relevanter it have had serious dips and opportunities enough to buy cheaper, just as one is presented right now.
People whom invested in this apex asset of value are more and more keeping there hands onto it and are less likely to sell on the cheap… I think we will not have extreme low prices, people just have to buy on smaller discounts.

[somac.]

Imho

Big players, institutional players, new people, who ever ….. have had 13years long to buy BTC on the cheap, over the years when BTC have become relevanter it have had serious dips and opportunities enough to buy cheaper, just as one is presented right now.
People whom invested in this apex asset of value are more and more keeping there hands onto it and are less likely to sell on the cheap… I think we will not have extreme low prices, people just have to buy on smaller discounts.

100% agree and this is being shown with on-chain data.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BitcoinBunny]

Raoul Pal's horseshit ETH to $40K and "most Solana is staked" nonsense are hopefully put to bed with these drops.

BTC is the indicator, nothing else!

Scamshite Hex with that Richard Heart scammer who s(h)its on a middle ages throne creeping into the top 10 seems to have gone unnoticed also.
Look at Litecoin. #26 now. And that imbecile Musk still floating his Doge crap. #13.
What a pile of shite, all of it.

Hope people remain level headed in WO.

[ChartBuddy]

Explanation

[Tash]

Raoul Pal's horseshit ETH to $40K and "most Solana is staked" nonsense are hopefully put to bed with these drops.

BTC is the indicator, nothing else!

Scamshite Hex with that Richard Heart scammer who s(h)its on a middle ages throne creeping into the top 10 seems to have gone unnoticed also.
Look at Litecoin. #26 now. And that imbecile Musk still floating his Doge crap. #13.
What a pile of shite, all of it.

Hope people remain level headed in WO.

Just wow, at that Hex junk was totally unaware how that has creeped up.

[vapourminer]

There will be no more large 80-90% decreases in Bitcoin anymore.

honey-badger: hold my beer.. idgaf lol

[ChartBuddy]

Explanation

[somac.]

There will be no more large 80-90% decreases in Bitcoin anymore.

honey-badger: hold my beer.. idgaf lol

Please no.

Just when you think the dumping is over for the day, here we go again.

[BobLawblaw]

Sheeeit.

[somac.]

Sheeeit.

Yeah

My guess is we are getting a dump down into the 30s this weekend. Hopefully the last though.

Gonna head off for 12 hours and not check the price. I hope that when I check the price again we have bounced from here. Got to be oversold right now.

[serveria.com]

Sheeeit.

Yeah

My guess is we are getting a dump down into the 30s this weekend. Hopefully the last though.

Gonna head off for 12 hours and not check the price. I hope that when I check the price again we have bounced from here. Got to be oversold right now.

With a profile signature like that I woudn't worry much... 

[suchmoon]

I sense a bit of unappreciative tone here regarding discounted bitcoins. It's as if we haven't seen the other side of 40k many times before. It's fine. Breathe. How many lambos does one need anyway.