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

[Toxic2040]

the noon wall report


bitcoins price is up this morning on heavy volume and is currently trading near $19.3kish
central banks around the world continue to raise interest rates with the Bank of England saying the country is now in recession
the Swiss also raised rates by 75bp pulling out of negative territory for the first time since 2015
the yield curve on the 10yr>2yr tbill is inverting with heavy front loading on the short term
all dire warning for the legacy markets imho
what does this mean for bitcoin?  well...im not sure...conventional wisdom would suggest there could be further capitulation as fiscal tightening is felt across the economies
it could also be that people realise bitcoin might be one of the only safe havens over the next several years...even better...realise that the power nation states have over your financial sovereignty must be curtailed no matter the cost
I also think that bitcoins general adoption and specifically institutional in '23....as these hedges become better positioned, will carry bitcoin past the worst of things if there is a significant recession globally

there is only twenty one million...and a lot of people are starting to want one

so there is that

dyor

4h


D

stronghands

[1715267853]

1715267853

[1715267853]

1715267853

[Biodom]

DXY ($ index)-a big winner this year (so far) +15% (more if you had an interest bearing account).
Compare with -21.6% for S&P 500 (yes i know, even worse than this for bitcoin).
Cash is king...for now (still hodling, though, like a stubborn person I am).

[ginsan]

Most of the time, I would like to get rid of my fiat rather than holding onto it.. especially in recent times...

Obviously it's better and I agree with your opinion. what you dream of holding only a piece of money for years, of course its value will be lost by several factors such as inflation that cannot be stopped. but you are lucky if you hold 1 BTC for years to come because we know the longer the BTC will be difficult to get due to the limited supply. therefore shop wisely and manage your money for valuable assets in the years to come.

[ChartBuddy]

Explanation

[El duderino_]

[Richy_T]

My horse riding days are behind me. Getting older and don't want to risk a Christopher Reeve kinda situation. Safer to drive around the property on a 4 wheeler John Deere Gator.

So are you more of an Ozzy Osbourne or Rik Mayall kind of guy?


(Edit: Saw the pic you posted so withdraw the sentiment but I'm leaving it up anyway).

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[sirazimuth]

Don't forget "Pi Hole Coiner"....that would be yours truly...

[ChartBuddy]

Explanation

[OROBTC]

Don't forget "Pi Hole Coiner"....that would be yours truly...

Another possibility for classes of BTC HODLers would be based on Blocks:

50 BTC           Whale
25 BTC           Giant Squid
12.5 BTC        Shark
6.25 BTC        Swordfish
3.125 BTC      Tuna
1.5625 BTC    Dorado
0.78125 BTC   Trout
     .
     .
     .
     .

[Names above chosen for illustration, could also be levels of old-fashioned nobility for example]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[RD_BTC]

BREAKING: Russian Central Bank and Ministry of Finance agree on draft bill on use of Bitcoin and crypto in international trade .

Bitcoin Magazine

[ThemePen]

Jamie Dimon saying that Bitcoin is a decentralized Ponzi scheme can’t be good for the price in the short term. Longer term I think this could be the beginnings of signs that we’ve reached bottom. Maybe not the exact bottom, but when you’re looking back on a 10 year chart it will look like the bottom where you should’ve started buying and stopped selling.

Just HODL...
BTC will shut their mouths and they will They will lick their own ass۔

These puppets will fell down like these bottles.

https://mobile.twitter.com/AltcoinDailyio/status/1573031916420243456

[Gachapin]

BTC will shut their mouths and they will They will lick their own ass۔

Wow....

How is that possible?   ....I mean to lick ass with your mouth shut ?  ..and your own ass at that...

I'm by far no expert in that regard, but I'm willing to learn..  please share some of your knowledge..

[xzy887]

My horse riding days are behind me. Getting older and don't want to risk a Christopher Reeve kinda situation. Safer to drive around the property on a 4 wheeler John Deere Gator. And can carry more practical load than horseback.

The horse's strength is now only needed in the body. No one in this modern civilization depends on horse to transport anything. Now everyone uses four wheelers for transportation. Because cars can transport more and more safely than horses.

[ThemePen]

BTC will shut their mouths and they will They will lick their own ass۔

Wow....

How is that possible?   ....I mean to lick ass with your mouth shut ?  ..and your own ass at that...

I'm by far no expert in that regard, but I'm willing to learn..  please share some of your knowledge..

This is like an idiom.

It means They will beat their own heads.

[ChartBuddy]

Explanation

[CageMabok]

Of the several differences between USD and Bitcoin, which one would you choose now? because in general both are also very much needed.
As many people know that any traditional currency has special characteristics which Bitcoin does not have because Bitcoin is not supported by any authority.

Features of traditional currency:

• Divisible — can be converted into smaller pieces for specific uses such as paying a certain amount or micropayment.
• Non-consumable — cannot be consumed for purposes other than the exchange of value.
• Portable — can be easily carried around.
• Durable — doesn't wear out or depreciate over time or under certain conditions.
• Secure — cannot be faked.
• Easy to transfer.
• Rare — cannot be replicated indefinitely.
• Fungible — each part has the same value as its equivalent.
• Recognizable — recognized and accepted as a means of transaction.

As for Bitcoin as a whole, unlike traditional currencies:

• Has no central authority claiming it supports money.
• Is subject to deflation due to artificial scarcity, while central banks can print more money at any time.
• Whether every transaction is forever recorded on an immutable public ledger.
• Requires transaction fees to be paid to miners.
• Transactions are carried out over the internet and include a public address.

Source:

• https://twitter.com/BitcoinMagEDU/status/1572950463883919361/photo/1
• https://cryptonews.com/guides/difference-of-bitcoin-from-traditional-currencies.htm