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

[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.

[1715203450]

1715203450

[1715203450]

1715203450

[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.

[ChartBuddy]

Explanation

[somac.]

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.

The mood is definitely not good. Inflation, with no way to hedge against it. Every asset but gas seems to be going down, it's amazing to think that with 10% inflation the best thing to hold has been cash.

We have avoided a reversion to mean with all assets for 20 years now thanks to Fed printing, to continue to avoid that reversion we will need more Fed printing. It's not coming yet it seems but it won't be to far away.

Going under 20k again is depressing.

[JayJuanGee]

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..

Huh?  You are saying that we had not bounced since November 2021?  That is 9.5 months of no bouncing? 

You seem to be exaggerating, even though you might be more correct in terms of saying that we did not get any bounce since going below $35k in early May - but even that seems inaccurate, because if the BTC price got down to $17,593 on June 17, and we made it all the way back up to $25,212 on August 14, that seems like a bounce to me... that $25,212 is like 43% higher prices than the $17,593 bottom.

Even at 20K, almost no reaction since june.. Kind of crazy, and still doesn't look in a good way.

You must be defining "reaction" and "bounce" differently from me.. going up to $25,212 (and that was just 12 days ago.. so soon we forget?) seems like both a bounce and also seems like a "reaction".

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

Sure, I will agree that there are some weird macro shenanigans going on, yet isn't that part of the reason that some of us bought bitcoin and likely continue to buy bitcoin?

And, yeah if we do not have cashflow or we have run out of money, then we might not have any other choice but to HODL... but buying more bitcoin seems to be an o.k. option too.. maybe even if it is ONLY $10 per week or whatever we might afford.. or another approach is having some fiat in reserves for buying at certain lower price points, if the price goes lower... and yeah things are not really looking very good at this particular moment.. but still, things would probably be looking and feeling even worse if we did not have bitcoin as one of the possible options .. sure.. it is not the ONLY thing.. but it is the topic we are considering and talking about here.

[ChartBuddy]

Explanation

[Hueristic]

FUCK OFF with this institutional FUD.

This is the wrong place to push that line.