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

[shahzadafzal]

Bicoin Support Level.   

ha, I know this place. This is in vienna in front of the Flex Club on the Donaukanal. Nice place and weird people there did I win something?

link to google maps street view: https://shorturl.at/MOQRV

Perfect… but where’s the guy? Is he still in the river?

[eddie13]

Ho hum..
A pretty bearish summer..

Maybe we will have something nice to come in remember remember the bull of November..

[Hueristic]

https://twitter.com/bestbitcoinmeme/status/1562783557977640960?s=20&t=ZvS0OV-USZfxYsCUkh0phQ

The list should read things like "Bitcoin poses a threat to the banking system".

[BitcoinBunny]

Ho hum..
A pretty bearish summer..

Maybe we will have something nice to come in remember remember the bull of November..

By November the European economies will start to disintegrate so I say no.

[xhomerx10]

Thanks for the refill vroom!

[Hueristic]

Ho hum..
A pretty bearish summer..

Maybe we will have something nice to come in remember remember the bull of November..

By November the European economies will start to disintegrate so I say no.

[ChartBuddy]

Explanation

[Phil_S]

By November the European economies will start to disintegrate so I say no.

They must be doing this on purpose. No way it's not part of the Plan.

[Biodom]

UK energy price “cap” goes up by 80% to over £3,500 per year and BTC does nothing.

If Saylor is right about BTC being a store of energy surely it should move up significantly with all these inflated costs around the world.

Energy bills to soar for millions as price cap hiked to £3,549
https://news.sky.com/story/energy-bills-to-soar-for-millions-as-price-cap-hiked-to-3-549-12681213

Who pays if your bill is higher?
Gov to company or gov to you (later on)?
It must be a UK "thing", specifically, no such "cap" in US (to my knowledge).

[BitcoinBunny]

By November the European economies will start to disintegrate so I say no.

They must be doing this on purpose. No way it's not part of the Plan.

One simple giveaway:

Everyone in Europe screaming “Putin is a bad man for invading Ukraine, don’t buy his gas”
-> Sanctions placed on Russia
-> Energy prices through the roof
-> “Ok we should get energy from other places.”

This week. Eneco, the largest Dutch energy supplier is going to pay people 0,09 Euro per generated KWh from solar panels sold back into the grid, instead of the previous rate of 0,30 Euro. How can this happen during a time when energy should be getting more valuable?

It seems to demonstrate governments and energy companies are completely in an arranged marriage and to screw over the little guy as much as possible and not care AT ALL about the planet and its resources also.

https://www.dutchnews.nl/news/2022/08/eneco-to-slash-price-for-solar-panel-buyback/

[Biodom]

Dow -869 rn, 33 min to go  

This week. Eneco, the largest Dutch energy supplier is going to pay people 0,09 Euro per generated KWh from solar panels sold back into the grid, instead of the previous rate of 0,30 Euro. How can this happen during a time when energy should be getting more valuable?

It seems to demonstrate governments and energy companies are completely in an arranged marriage and to screw over the little guy as much as possible and not care AT ALL about the planet and its resources also.

https://www.dutchnews.nl/news/2022/08/eneco-to-slash-price-for-solar-panel-buyback/

I never expected otherwise, sorry.

[BitcoinBunny]

UK energy price “cap” goes up by 80% to over £3,500 per year and BTC does nothing.

If Saylor is right about BTC being a store of energy surely it should move up significantly with all these inflated costs around the world.

Energy bills to soar for millions as price cap hiked to £3,549
https://news.sky.com/story/energy-bills-to-soar-for-millions-as-price-cap-hiked-to-3-549-12681213

Who pays is your bill is higher?
Gov to company or gov to you (later on)?
It must be a UK "thing", specifically, no such "cap" in US (to my knowledge).

I believe this “cap” was brought in some years ago to ensure people pay a fair rate for their energy and the market is more transparent and encourage competitiveness. People were encouraged to switch suppliers often. You can still have paid more than the cap if you simply used far more but it is based on some high average that can be charged.

Anyway, not only is this cap no longer a cap, as it is now used a target for suppliers and changes every 3 months, but you cannot really switch easily anymore as there are no deals available. This Uswitch.com site used to be full of deals but not anymore. Most of the smaller suppliers have disappeared and have been gobbled up by large foreign companies. The whole market has turned into a monopoly working together with the government to get as much money as possible.

[cygan]

[ChartBuddy]

Explanation

[philipma1957]

By November the European economies will start to disintegrate so I say no.

They must be doing this on purpose. No way it's not part of the Plan.

One simple giveaway:

Everyone in Europe screaming “Putin is a bad man for invading Ukraine, don’t buy his gas”
-> Sanctions placed on Russia
-> Energy prices through the roof
-> “Ok we should get energy from other places.”

This week. Eneco, the largest Dutch energy supplier is going to pay people 0,09 Euro per generated KWh from solar panels sold back into the grid, instead of the previous rate of 0,30 Euro. How can this happen during a time when energy should be getting more valuable?

It seems to demonstrate governments and energy companies are completely in an arranged marriage and to screw over the little guy as much as possible and not care AT ALL about the planet and its resources also.

https://www.dutchnews.nl/news/2022/08/eneco-to-slash-price-for-solar-panel-buyback/

yep you got it.

[ChartBuddy]

Explanation

[psycodad]

Nice uppity you got there buddy, keep it coming!

* psycodad welcomes cucumber season  

Not good follow up

This admittedly didn't age too well, probably jinxed it - though I definitely blame ChartBuddy for that..

[gallianooo]

Hmm I don't like that but the chart looks so bearish, without any good sign.

We really never never bounced  from the  "fake"  69K$ ATH.. Even at 20K, almost no reaction since june.. Kind of crazy, and still doesn't look in a good way.

Macro + all FED bullshits.. hm..hm... What next?

#Hodl.

[ChartBuddy]

Explanation

[ivomm]

Hmm I don't like that but the chart looks so bearish, without any good sign.

We really never never bounced  from the  "fake"  69K$ ATH.. Even at 20K, almost no reaction since june.. Kind of crazy, and still doesn't look in a good way.

Macro + all FED bullshits.. hm..hm... What next?

#Hodl.

This is a reflection of the state of mind of the people. People are sick physically and mentally, desperate, resigned to inflation, poor health care, the threat of world war, and have lost faith that anything can save them. Even here we don't see optimistic posts anymore. Yes, it's all a speculator's paradise, robbing the weak hands of their bitcoins for a pittance. The situation remains dire indeed and for the first time in Bitcoin history we have had 10 months of non-stop crashing without a rebound. It is very likely to last at least a few more months until the weak hands run out. But that doesn't mean it will be ten years or so before it returns to 60K+ levels. Bitcoin is not like gold and can easily and quickly catch up any lag. And while there were voices before that 20K was accidentally achieved due to the short stay in those levels, this cannot be said at all for the 60K+ levels where the price stayed for months. So this price is totally achievable, from where we can also expect the 100K+ to come true within the next 3-4 years.