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

[ChartBuddy]

Explanation

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[modrobert]

If we don't expel China from the global trade machine this situation will only get worse for people in Europe mostly.

The production was moved to China because of cheap labor cost several decades ago, a lot of industries in Europe and USA were shut down. Greedy corporations in the west made these choices, not China. For example; iPhones are made at Foxconn in China (Shenzhen) while the workers there have safety nets on their dorm buildings to avoid suicide attempts, mostly young people with 12 hour shifts and no hope for a better future in sight because the salaries are so low. After paying the factory Apple adds roughly 400% markup giving a retail price in the west around USD $999 (eg. latest model).

Do you want to expel China? Build the factories in your country, employ workers, and after giving them lowest legal salaries, pay USD $4999 retail for the same iPhone.

China currently produces 90.6% of the global supply of consumer electronics.

[BitcoinBunny]

If we don't expel China from the global trade machine this situation will only get worse for people in Europe mostly.

The production was moved to China because of cheap labor cost several decades ago, a lot of industries in Europe and USA were shut down. Greedy corporations in the west made these choices, not China. For example; iPhones are made at Foxconn in China (Shenzhen) while the workers there have safety nets on their dorm buildings to avoid suicide attempts, mostly young people with 12 hour shifts and no hope for a better future in sight because the salaries are so low. After paying the factory Apple adds roughly 400% markup giving a retail price in the west around USD $999 (eg. latest model).

Do you want to expel China? Build the factories in your country, employ workers, and after giving them lowest legal salaries, pay USD $4999 retail for the same iPhone.

China currently produces 90.6% of the global supply of consumer electronics.

Pretty much, should never have gone down that road in the first place.

Let's be honest, Teslas (to supposedly reduce emissions) made in China cheaply and shipped over here is just completely insane.

[ChartBuddy]

Explanation

[modrobert]

If we don't expel China from the global trade machine this situation will only get worse for people in Europe mostly.

The production was moved to China because of cheap labor cost several decades ago, a lot of industries in Europe and USA were shut down. Greedy corporations in the west made these choices, not China. For example; iPhones are made at Foxconn in China (Shenzhen) while the workers there have safety nets on their dorm buildings to avoid suicide attempts, mostly young people with 12 hour shifts and no hope for a better future in sight because the salaries are so low. After paying the factory Apple adds roughly 400% markup giving a retail price in the west around USD $999 (eg. latest model).

Do you want to expel China? Build the factories in your country, employ workers, and after giving them lowest legal salaries, pay USD $4999 retail for the same iPhone.

China currently produces 90.6% of the global supply of consumer electronics.

Pretty much, should never have gone down that road in the first place.

Let's be honest, Teslas (to supposedly reduce emissions) made in China cheaply and shipped over here is just completely insane.

I agree, not only that, we would probably have more advanced tech due to healthy competition between countries world wide, manufacturing process dictates what can be made to some extent. Perhaps one day Chinese workers will revolt, and I wouldn't want to be China government when that happens (Foxconn factory alone have over 1,290,000 employees).

[fr4nkthetank]

Who knows what is acurate right now. But I'm not enjoying reading shit like this.

Hasnt fallen to russians yet.  tank column destroyed.
https://media.discordapp.net/attachments/934134405390278757/946428264933634098/IMG_20220224_102750.jpg

no propaganda please, it insults my and everyone's intelligence

bitcoin might fall much further when they take the capital or something.  people will be scared about "what next", maximum uncertainty incoming.  I still dont understand why people would be selling bitcoin...ethereum, shitcoins i get...but bitcoin you buy

[savetherainforest]

Who knows what is acurate right now. But I'm not enjoying reading shit like this.

Hasnt fallen to russians yet.  tank column destroyed.
https://media.discordapp.net/attachments/934134405390278757/946428264933634098/IMG_20220224_102750.jpg

no propaganda please, it insults my and everyone's intelligence

bitcoin might fall much further when they take the capital or something.  people will be scared about "what next", maximum uncertainty incoming.  I still dont understand why people would be selling bitcoin...ethereum, shitcoins i get...but bitcoin you buy

Here is another one:  Ukrainian Jet Fighters are landing in military bases in Poland & Romania for refuel (& maybe resupply of rockets(dunno)).

[Torque]

This is the sign everyone has been waiting for.

Engineered war by TPTB, planned for over a year now.

With the Covid "crisis" winding down, and $1T of free BBB printer go brrr money getting shot down in the Senate, the Fed needed another valid excuse to NOT raise interest rates in any meaningful way, so now they will pin it on the Ukraine invasion. In March, they may not raise rates at all now, or if they do it will be by 0.25 bp at most. Then they'll continue to cite the ongoing conflict to not raise rates again all year long.

Moar easy cheap fiat for the wealthy elites. The Wall Streeters are buying the fk out of this market dip rn.

The stonk market will slowly recover to be back in the black by year's end.

I put the btc price to be trading somewhere in the range of $45k-55k by year's end.

#BUYTHEBTCDIP

[BitcoinBunny]

If a bomb has indeed hit a NATO member's ship then this could be the start of something else.


https://www.reuters.com/world/turkish-owned-ship-hit-by-bomb-off-coast-odessa-no-casualties-turkish-authority-2022-02-24/

Seems a bit random it wouldn't be a missile, but "a bomb".

Perhaps totally unrelated.

[ChartBuddy]

Explanation

[Torque]

...and here comes the MSM public fear campaign, right on cue.  

Ukraine Warns "Radioactive Dust" Could Spread Over Europe As Fighting Rages At Chernobyl Nuclear Plant
https://www.zerohedge.com/geopolitical/putins-shock-awe-war-ukraine-unfolds-dark-day-europe-many-hundreds-killed

[cAPSLOCK]

Big day for the gold bugs.

And very possibly one of the last times Bitcoin dresses up like a tech stock.

In fact this might be the ultimate catalyst for Bitcoin.

[BitcoinBunny]

Big day for the gold bugs.

And very possibly one of the last times Bitcoin dresses up like a tech stock.

In fact this might be the ultimate catalyst for Bitcoin.

Peter Schiff right now:



Peter Schiff later:



TBH I actually don't mind listening to Schiff so much, I disagree with him on gold but he's a hell of a lot more bearable than 99% of the crypto YouTubers.

[bitcoinPsycho]

[Torque]

Big day for the gold bugs.

Yeah, it must feel nice seeing gold not even back above its Aug 2020 price. Back when bitcoin was ~$10k.

[El duderino_]

Big day for the gold bugs.

And very possibly one of the last times Bitcoin dresses up like a tech stock.

In fact this might be the ultimate catalyst for Bitcoin.

Would be awesome for the coin

Though I hope for the people living there all is over ASAP

[ChartBuddy]

Explanation

[JayJuanGee]

Give me a reason to be alive   I know I should HODL and don't Panic. But, I am running out of fiat. all my investment in Bitcoin now and I am trying to be strong. It was not a good idea to invest all in. I should wait more and follow DCA Method. But, I didn't. At this moment, If I sell $100 to buy food, I will lose another $100. Give me a reason to be alive

Frequently, it is not easy to determine whether the line should be drawn in terms of "how aggressive" to be.

Of course, basic expenses should be figured out and held in cash or at least good ideas for cashflow and emergency funds if the cashflow dries up.. sometimes the cashflow dries up and other emergencies happen at the same time.

One of the BIGGEST difficulties comes with the earliest stages of BTC accumulation.. and then once you have a decent sized stash, then you can start to feel that you do not need to be as aggressive.

Surely, I can relate.....

Sometimes if you have already gotten yourself into a pickle, then one of the ONLY things that you can do is to just attempt to reassess.. and attempt to mitigate/minimize the extent of the damages... ride it out and to learn NOT to make that same mistake or anything too close to it in the future... yes. easier said than done because sometimes we do end up repeating some of our mistakes.. but hopefully we are learning along the way to make them less badly and that we have been able to preserve enough capital/principle that we have not lost everything (in other words we are starting over from somewhere rather than starting over from scratch).

By the way.. when investing into BTC, surely one of the most solid methods is DCA.. but that can surely be supplemented by buying on dips, and lump sum investing.. and of course, if you run out of money to just HODL...

Of course, if you really screwed up you might be forced to sell at times that are not of your own choosing, and that surely should have been what you were attempting to avoid.. by preparing for both extremes and also extremes that are beyond your expectations... again.. easier said than done sometimes.... takes a lot of practice and many of us screw up at various times and just hope that our screw ups are somewhat salvageable.

Another by the way.... some of us longer time BTC HODLers went through a lot of this in our early years (and sure some of us did not learn and we end up going through it over and over).. but I spent more than 3 years between late 2013 and early 2017 in which some portions of my BTC purchases were in the negative.. and part fo that time, large proportions of my BTC portfolio was in the negative.. it all worked itself out, but 3 years is a pretty damned long time to be having some of the frustrations of having fewer options because what you are holding is not profitable.. and I do not believe in selling anything that is not profitable - especially bitcoin and even though the BTC price was down during that time, I had decent levels of confidence that continuing to accumulate BTC or at least HODL were better choices than to sell any of it.. so I figure out ways to get money that I needed (wanted) during that time from other sources.

War is here, it’s not good but we will have the chance to buy very cheap bitcoin in the coming months I feel.

Who is ready?

I have large amounts of fiat, ready, let’s go!

Don't cheer for down.. it is not becoming even if you personally are in a good position for such.. if such down were to happen.

[lightfoot]

...and here comes the MSM public fear campaign, right on cue.  

Ukraine Warns "Radioactive Dust" Could Spread Over Europe As Fighting Rages At Chernobyl Nuclear Plant
https://www.zerohedge.com/geopolitical/putins-shock-awe-war-ukraine-unfolds-dark-day-europe-many-hundreds-killed

Well if they are shelling radioactive land then yeah: Radioactive dust is going to be kicked up. Given the pointless nature of that area I doubt this is an accident.

[suchmoon]

Lovely opinion from Japan, very subtle: