aesma
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June 18, 2022, 02:49:54 PM |
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One big reason for the inflation is that supply is disrupted.
Supply is not just being 'disrupted', it is straight up being shrunk on purpose. For many things the supply will never again go back to pre-Covid levels, at least not for a very long time. People think supply will resume and thus plentiful, cheaper goods are going to come bouncing back here soon... news flash, they won't. And everyone top to bottom is in on it. As a side note, I was watching a Jim Cramer video clip on CNBC today, and caught him muttering to another talking head, "Well, you know, the Fed would like to see companies cut back on producing so much... that's why they're doing what they're doing." He *actually* said that on air. My mouth dropped open. I was like, WTAF did I just hear?? So the Fed is now dictating or directing how much 'supply' of goods and services corporations will produce, by throttling the Fed funds rate. Wow, just wow. If I only think about what humanity should do to mitigate climate change, then producing less stuff, and making it closer to the consumer, is a good thing. I'm not sure there is any plan for higher ups to do this, and especially not at the Fed, I'm not sure what Cramer is smoking. The Fed's role (and the ECB) is first and foremost to control inflation, and after a decade of not having to do anything about it as it was low, now is the time to do something for them. Too bad that inflation isn't linked to things that the tool of interest rates can solve, so their actions will probably not tame inflation (or not enough), but there will be other consequences. What it means for BTC, I don't know. Yesterday I had a bad feeling about hodling 20K, and this morning we dipped below...
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eddie13
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BTC or BUST
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June 18, 2022, 02:50:44 PM |
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Shows that the price is high mostly because of wall street fuckboys rather than it’s fundamental principles..
It should be booming right now if it’s price was based on the merits of its fundamentals.. Anti inflation, anti war, anti government, etc..
But it’s dumping because the price is mostly pumped by the idiots that believe in everything Bitcoin stands against..
I hope they loose their asses and sell the bottom..
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Hamza2424
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#SWGT CERTIK Audited
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June 18, 2022, 02:53:22 PM |
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The bitcoin price between here and wherever the fuck it is going to find a bottom is completely fake and irrelevant.
Exchange owner whales can naked short with exchange/miner friend's re-hypothecated coins and non-existent fake coins for as long as they want.
The only thing they have to consider is potentially destroying their own future business (and that of their miner friends) if they push the price too low.
Looks like You are much angry 😡 on the repetated Market and Community Behavior and me to is the part of This all Shity Analysis and reports Movement thats all is scrap. Reality is You and me can't control anything who can is already controlling the CEX they are grinding Cheep BTCs from us by liquidation and Panic Blood bath now Minners turn they are selling high to recover losses somehow but I don't know how.
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Torque
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June 18, 2022, 02:54:38 PM |
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The Fed's role (and the ECB) is first and foremost to control inflation, and after a decade of not having to do anything about it as it was low, now is the time to do something for them.
The Fed actually CREATED the insane inflation that we are seeing by printing 30+% of all U.S. fiat in existence in less that a year and shoving that out into the world. And now they supposedly want to tame the inflation they themselves created? They can fuck off. All they are going to do by raising rates is finally get the massive global layoffs they didn't get with Covid and pushing mandatory vaccines. All by design.
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tadamichi
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武士道
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June 18, 2022, 02:55:47 PM Merited by JayJuanGee (1) |
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For sake of argument, assume you are right (unlikely). What would you even store the value in that would not be undermined by the reset you are expecting? I'd argue there are none (perhaps gold getting closest to BTC).
I also thought about this, in this case the most unconfiscatable asset will probably win. If gold is to be made illegal, it will be even harder and more dangerous to transport it, than it already is now. Also it’s an terrible unit of account, so good luck paying smaller amounts. You would need to store and hide it, till this bs would be over. Yes, physical gold bought without registration. Still possible where I currently live, if you buy slowly in smaller amounts like 1-2k a day. I dont care about gold price going up. But you can be sure these evils also have a plan for gold as well. Probably making it illegal to own or sell it by law "to protect" humanity from whatever next. Even German mass media started to write that the Euro will die soon and there is no way out.
This is no coincidence and all planned. Who would have expected a crisis the world have never seen before if you lock down the whole world to "protect" people from a cold. This was the most stupid and insane thing the world has ever seen. And 90% took a part in this and supported it. Now we have the results and it not even started yet. Here in Turkey the gas price goes up by 1 Turkish Lira almost every day. 1 liter of gasoline now costs 31 Turkish Lira while the average income is 4200 Turkish Lira and minimum rent for a effed up apartment 1500-2000 TL. 50 liters of gasoline is almost half of the income.
But relax they can’t forbid everything, in case of cbdcs, Bitcoin will be godsend, where you can still transact freely. Also authoritarians forget that they can’t control everything, and that prohibitions just create thriving black markets. Just look at the prohibition in the 1920s or that even prison has its own currency in form of cigarettes and other things. The economics are on our side, because people would just move into shadow economies, and it won’t be time to make money elsewhere(it’s similar to communism). If what you’re expecting becomes true, it won’t be the time for investors anyways, and bitcoin would still be ur best bet.
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aesma
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June 18, 2022, 02:58:52 PM |
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Consider selling 20-25% of my Bitcoin. Anyone else? I have this great reset theory and now they introduced the digital USD. Its going into that direction. I start to be worried BTC will end up like Luna, once the panic kicks in? Dumped to 18.6K and nobody is buying WTF. I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K. Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries. For sake of argument, assume you are right (unlikely). What would you even store the value in that would not be undermined by the reset you are expecting? I'd argue there are none (perhaps gold getting closest to BTC). At least with BTC protecting it from appropriation is most feasible out of all the options. Next time price is at a local peak (at least above all the MAs) be sure to sell some so you won't feel like you feel today next time it happens. Yes, physical gold bought without registration. Still possible where I currently live, if you buy slowly in smaller amounts like 1-2k a day. I dont care about gold price going up. But you can be sure these evils also have a plan for gold as well. Probably making it illegal to own or sell it by law "to protect" humanity from whatever next. Even German mass media started to write that the Euro will die soon and there is no way out. This is no coincidence and all planned. Who would have expected a crisis the world have never seen before if you lock down the whole world to "protect" people from a cold. This was the most stupid and insane thing the world has ever seen. And 90% took a part in this and supported it. Now we have the results and it not even started yet. Here in Turkey the gas price goes up by 1 Turkish Lira almost every day. 1 liter of gasoline now costs 31 Turkish Lira while the average income is 4200 Turkish Lira and minimum rent for a effed up apartment 1500-2000 TL. 50 liters of gasoline is almost half of the income. The lockdowns didn't cause issues in most parts of the world. It's only China continuing to do it one year after everyone else has stopped that is screwing us all. The worst part of this is that the Chinese government doesn't even care about its people, usually. Millions can die without them batting an eye. They only do this for some ridiculous pride. Now Turkey, well, look at what your government is doing (and by that I mean Erdogan, as he's taken control of the central bank). Printing money like there is no tomorrow, long after the crisis has past, and despite many warnings from economists to stop it.
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proudhon
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June 18, 2022, 02:59:35 PM |
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Hey, sorry guys, forgot to put it on my calendar. When's the $10k party?
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aesma
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June 18, 2022, 03:01:42 PM |
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The Fed's role (and the ECB) is first and foremost to control inflation, and after a decade of not having to do anything about it as it was low, now is the time to do something for them.
The Fed actually CREATED the insane inflation that we are seeing by printing 30+% of all U.S. fiat in existence in less that a year and shoving that out into the world. And now they supposedly want to tame the inflation they themselves created? They can fuck off. All they are going to do by raising rates is finally get the massive global layoffs they didn't get with Covid and pushing mandatory vaccines. All by design. Why would the Fed, a bunch of bankers, care about vaccines, or want layoffs ? What's in it for them ?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 18, 2022, 03:04:58 PM |
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cAPSLOCK
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Whimsical Pants
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June 18, 2022, 03:05:29 PM |
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I think it is EXTREMELY interesting and possibly important that this is what the mempool looks like: Seems both good and bad. Just like the rise to 60k+ the fall back to here (and further?) is NOT because of retail. So why IS it happening? Who is doing the selling, and where? I think Torques post above is relevant. Some ideas: -This is absolute proof of rehypothication. Coins are not even being traded on chain in significant amounts. -Retail may or may not be buying or selling. But they are NOT taking custody. -The businesses BUILT on paper bitcoin are dying in SPITE of the above. Thing is those people are using the tried and true fiat system tricks to churn value out of the system. But bitcoin is different than the fiat system so they are getting ruined by it one by one. This hurts the entire ecosystem, really. But it is 100% necessary. This is what I hope we end up seeing: 1. People trusting scammers with their bitcoin will lose it. 2. Then More and more people will begin to take custody of their bitcoin, or at least trust a custodian that is not lying. 3. The scammy paper trading services will get liquidated. 4. GOTO 1 This is a vicious cycle with a virtuous end effect.
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Torque
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June 18, 2022, 03:13:51 PM Last edit: June 18, 2022, 03:29:54 PM by Torque |
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The Fed's role (and the ECB) is first and foremost to control inflation, and after a decade of not having to do anything about it as it was low, now is the time to do something for them.
The Fed actually CREATED the insane inflation that we are seeing by printing 30+% of all U.S. fiat in existence in less that a year and shoving that out into the world. And now they supposedly want to tame the inflation they themselves created? They can fuck off. All they are going to do by raising rates is finally get the massive global layoffs they didn't get with Covid and pushing mandatory vaccines. All by design. Why would the Fed, a bunch of bankers, care about vaccines, or want layoffs ? What's in it for them ? 1. Fed's friends are the world's billionaires who own all the mega corporations around the world. 2. Mass layoffs = lower overhead costs for corporations, layoffs = demand destruction, demand destruction reduces input costs for goods, reduces number of goods created, stabilizes consumer goods price inflation (supposedly, haven't seen that yet) and increases corporate net profits. 3. Mass layoffs also = reduction in rising salary pressures for corporations due to inflation. Making mega corporations more profitable, and thus making their wealthy elite buddies happy. THAT is what is in it for them. They could give a shit about low unemployment. If you think that full citizen employment is the Fed's mandate, then this ongoing chart would like to have a word with you: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
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Khanvila78
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Bounty campaign manager....
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June 18, 2022, 03:21:33 PM |
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Did Bitcoin die today? 1. yes 2. no
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cAPSLOCK
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Whimsical Pants
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June 18, 2022, 03:30:04 PM |
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If i were not in such dire financial circumstance I would be placing a large buy ~18200.
I think we will see a strong bounce right around there (a little under). Of course I would love to see one sooner.
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vapourminer
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what is this "brake pedal" you speak of?
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June 18, 2022, 03:37:44 PM |
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Hey, sorry guys, forgot to put it on my calendar. When's the $10k party?
this afternoon i think
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LFC_Bitcoin
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#1 VIP Crypto Casino
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June 18, 2022, 03:43:45 PM |
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tulip seeds u mean
That’s a 3 year bubble. Bitcoin was innovated in 2009 & we are currently at $19,000. That’s 13 years so far. Must try harder with your trolling.
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vapourminer
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what is this "brake pedal" you speak of?
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June 18, 2022, 03:44:28 PM Last edit: June 18, 2022, 03:56:25 PM by vapourminer |
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I think it is EXTREMELY interesting and possibly important that this is what the mempool looks like: yeah ive been watching mempool.space lately as i have moved coin around recently. i had some txs confirm in a weird order (likely the size of tx/fee and address types) so i started watching it. interesting stuff indeed.
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ImThour
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Bitcoin Bottom was at $15.4k
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June 18, 2022, 03:46:02 PM Last edit: June 18, 2022, 03:58:45 PM by ImThour |
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Gambit2s
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June 18, 2022, 03:50:26 PM |
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Here we go again..
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ImThour
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Bitcoin Bottom was at $15.4k
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June 18, 2022, 03:58:14 PM |
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Here we go again.. Sup mate, this has already been shared two or three times. also, try adding width= to make this image smaller. Use like this: [img width= ]
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