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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336696 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. (170 posts by 1 users with 9 merit deleted.)
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June 11, 2022, 02:41:10 PM

Seems to me, what the markets need, is a mass liquidation event.........



The market only always needs a mega pump....


Hmmmm, I dunno bro, I think to get the pump, we may need to crush a load of longs, then the market can go and crush the shorts.


BTC wise, looking at those longs on finex... they surely need culling at some point.


It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

Dunno, for traders maybe yes. For hodlers, down is most painful...  Cool
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June 11, 2022, 02:52:14 PM

Seems to me, what the markets need, is a mass liquidation event.........



The market only always needs a mega pump....


Hmmmm, I dunno bro, I think to get the pump, we may need to crush a load of longs, then the market can go and crush the shorts.


BTC wise, looking at those longs on finex... they surely need culling at some point.


It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

Dunno, for traders maybe yes. For hodlers, down is most painful...  Cool

I'm a hodler since 2013 and am totally numb to downtrend  Cool
But this sideways sucks. Get this rollercoaster back in motion  Grin
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June 11, 2022, 02:54:20 PM

Seems to me, what the markets need, is a mass liquidation event.........



The market only always needs a mega pump....


Hmmmm, I dunno bro, I think to get the pump, we may need to crush a load of longs, then the market can go and crush the shorts.


BTC wise, looking at those longs on finex... they surely need culling at some point.


It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

Dunno, for traders maybe yes. For hodlers, down is most painful...  Cool


Sorta, but then if they are long term holders, then its just psychological, unless they need to sell of course.  I mean for a holder, down, could represent good time to accumulate and add to stack.  Up too quickly, is rarely good, unless its one of those moves whereby it raises the floor "permanently" , cut out a load of people who were on the sidelines or had previously been liquidated.

 Some sideways is alright, reaccumulation and some consolidation before next move etc , can always use options and collect premium
I guess.


But long sideways, like say a yearish give or take some months, is just depressing/boring.
  

I guess you could make the argument that sideways is a good time to accumulate if you think bottom is in..... but then you never know if it legs down after the sideways just to fuck as many people as possible..


I prefer violent moves, crush the longs then crush the shorts ..... v shaped bottoms etc.


Just get it over with , I dont wanna wait a year to bottom or wait  year after bottom for some action... it hurts.


Thats just me thou'

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June 11, 2022, 03:01:25 PM


Explanation
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June 11, 2022, 03:23:12 PM

And then we told them the inflation wouldn't be bad. Cheesy


https://twitter.com/BitcoinMagazine/status/1535331088154902529

They're laughing at us for sure

https://twitter.com/WallStreetSilv/status/1535407950575157250
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June 11, 2022, 03:42:47 PM

You're being a bad gurl
I swear I didn't poke you
You just do your thing




#haiku
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June 11, 2022, 03:44:19 PM


And i think so you can be a big thread for them the only one who can convert their laugh into tears.
I am 100% sure

what you say Torque
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June 11, 2022, 03:47:04 PM

I think they are making fun of us.
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June 11, 2022, 03:59:37 PM


Same thing Torque said I think.
I'm weak in English.
I think so but that's understandable if somebody is laughing at you he is making fun of you.
Except the priority cases hahaha
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June 11, 2022, 04:03:28 PM


Explanation
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June 11, 2022, 04:06:32 PM


It is not that funny anymore. Peeps starting to ask uncomfortable questions. Why would they have to elect US President if Putin decides what is the price of gas at the pump in the US.
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June 11, 2022, 04:10:56 PM



It is not that funny anymore. Peeps starting to ask uncomfortable questions. Why would they have to elect US President if Putin decides what is the price of gas at the pump in the US.


I don't know much about US Politics but I know that Putin made much wrong decisions and it seems that Donal Trump was one we liked last. Weather i dont know if you agreed or not on but it's pretty close to me.
 
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June 11, 2022, 04:28:22 PM

It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

Dunno, for traders maybe yes. For hodlers, down is most painful...  Cool

“Sideways” means low volatility; the extreme of sideways-ness is price stability.

The theoretically ideal form of money is price-stable.  Volatility only benefits traders, at the expense of everyone else.

If BTC could become price-stable,* then I would prefer that.  The world cannot run on volatile money alone, nor on deflationary money alone.  (Note to Jay:  I am perfectly well aware that price-stable BTC will never happen.)

Since I don’t swing-trade, the only thing uncomfortable to me about a sideways market is that I never know whether it’s about to crash, or about to moon.


* I mean price-stable according to an index of goods and services.  That means rising against the dollar, as the dollar depreciates from inflation.  The dollar is not price-stable; to the contrary, the dollar is a volatile currency.  Have you seen dollar prices lately!?  Not only the obvious increase in prices, but the fluctuations as markets adapt to price shocks.
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June 11, 2022, 04:52:07 PM
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It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

Dunno, for traders maybe yes. For hodlers, down is most painful...  Cool

“Sideways” means low volatility; the extreme of sideways-ness is price stability.

The theoretically ideal form of money is price-stable.  Volatility only benefits traders, at the expense of everyone else.

If BTC could become price-stable,* then I would prefer that.  The world cannot run on volatile money alone, nor on deflationary money alone.  (Note to Jay:  I am perfectly well aware that price-stable BTC will never happen.)

Since I don’t swing-trade, the only thing uncomfortable to me about a sideways market is that I never know whether it’s about to crash, or about to moon.


* I mean price-stable according to an index of goods and services.  That means rising against the dollar, as the dollar depreciates from inflation.  The dollar is not price-stable; to the contrary, the dollar is a volatile currency.  Have you seen dollar prices lately!?  Not only the obvious increase in prices, but the fluctuations as markets adapt to price shocks.


I didn't mention sound/ideal money, and for that yup, price stability is what is needed.

However arguably, the BTC market needs the volatility while it is being boostrapped to become ideal money.

There is a lot of money that needs to come into the market, for BTC, to grow to the size where it can handle the requirements of a global economy.. money allocators now, cant just say, huh, I need to put a half a trillion dollars into BTC, because the slippage would be killer.... so they enter and exit markets and build up capital in BTC instead and accumulate at cycle lows (are they manipulating these cycles now? hmmm perhaps)   eitherway, for BTC to soak up the capital that needs to enter into the market, it needs to be volatile, and eventually be volatile to the upside....  eventually, the market should ideally grow to a size where the market is of a size and liquidity that is so great, that it can handle the inflows and outflows, without it impacting the market so much (volatility) and then if there is more usage , then it can handle velocity too. This has to be the way until people start to think in BTC terms, ie it decouples from the money markets.

I think likely that there is another cycle or two or three up, and then with ETFs, Options and futures, that BTC volatility is tamed in this way.... which is not ideal...  would have to be revisited if and when BTC is used and priced vs index of goods and services and used as a currency in its own right.

I am still not super convinced that BTC NEEDS to become "currency" and would be perfectly happy for it to be considered as "digital gold" but whichever, I would be happy.


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June 11, 2022, 05:00:24 PM

Apparently, in 1981, when inflation was at 8.6%, fed funds rate was 13.6%! From reddit:
https://nitter.net/charliebilello/status/1535274536115003394#m

Compare with todays 0.75-1% fed rate. You are still making money when the real rate is 5% (13.6-8.6) while RIGHT now, you are effectively losing 7.6% per year.
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June 11, 2022, 05:02:00 PM


It is not that funny anymore. Peeps starting to ask uncomfortable questions. Why would they have to elect US President if Putin decides what is the price of gas at the pump in the US.


US imports 8.47M barrels per day
Only a max of 600K (average of 200K) from Russia since 2011

(Source eia.gov)

Ergo Putin doesn't determine the price. Probably oil companies filling their pockets and blaming Putin.
It's called capitalism...
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June 11, 2022, 05:03:28 PM


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June 11, 2022, 05:15:19 PM



It's funny how the US is at the top of this list. It's because they have a big ego problem.

Euro zone has 8.1%
China has 2.1%
And many more countries...

Imagine actually giving a picture of reality  Wink
You can be right. But you see, I didn't say it myself, I just spread the word to you. I also gave the news link. There I reported what they were saying. However, I have some mistakes, I had to verify the veracity of this news before. I shared it with you without any verification. I realized my mistake. But I also shared with you what they said. So if they are wrong you can tell them.
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June 11, 2022, 05:16:47 PM


It is not that funny anymore. Peeps starting to ask uncomfortable questions. Why would they have to elect US President if Putin decides what is the price of gas at the pump in the US.


US imports 8.47M barrels per day
Only a max of 600K (average of 200K) from Russia since 2011

(Source eia.gov)

Ergo Putin doesn't determine the price. Probably oil companies filling their pockets and blaming Putin.
It's called capitalism...


Yuh , also, prices where headed up before Ukraine started.... this whole thing with putin being blamed for gas prices is just a side show.  Not to say that Ukraine/Russia has had no effect because in this globalised "just in time" world, we live in, even minor changes in the supply chains have knock on effects. (Same with the wheat/fertiliser situation) That being said, Russia is the third largest importer to USA for oil, with Saudi Arabia 4th. Number one being Canada


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what is this "brake pedal" you speak of?


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June 11, 2022, 05:19:54 PM
Merited by Hueristic (1), JayJuanGee (1), psycodad (1)

It is the sideeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeways I fear the most... that is the worst of the worst.

+1 Sideways sucks the most

boring? yes. but i have to say sideways @ ~30K usd beats sideways @10k usd any day. just sayin.

i mean just as long as the price is above my cost basis i can only complain a little bit. <-- and i actually cant believe im actually complaining at all considering my cost basis. thats says something.. not sure what though.

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