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

[OutOfMemory]

Most of you are probably aware of the special situation the world is in right now. I think the next few months will show if we have bet on the right card with Bitcoin or not.

Corona has destroyed the supply chains of the globalized world and showed us how vulnerability the economy is. Countries have tried to prop up the economy with enormous amounts of money in the form of debt or money printing.

The Ukraine war and the energy crisis are now putting enormous pressure on financial markets and countries. In previous crises, such as the last one in 2008, national banks still had the possibility to defuse the situation. Now there is no room for intervention. The market is crying out for money, but inflation is already dangerously high.

The last time the monetary and debt system was put to the test, a world war broke out. We can only hope that maybe this time, with Bitcoin's help, we can find another way out.

How do you assess the current situation the world is in?

World wars have little to do with bad debt situations - that's supposed to happen after those wars end.

WWs are the results of political events (e.g. hypothetically the invasion of Ukraine), not economic ones.

Look what fundamentally changed after 2008 in economics. Pretty nothing, imho. 2022 is just a continuation, delayed by some golden years, climaxing into the BRRRR movement. Corona, yeah shit happens, but it hit economy in it's weakest spot: Globalization, driven by profit maximization.
Just my 2 cents.

All is well with OOM, too?

Are we all living in an illusion, even those of us who have been studying the bitcoin space for several years?

I will agree that it may well be possible to kick the can down the road again and to get another 5-10 years before the next "Major crisis" comes, but kicking the can down the road does not really resolve anything and likely makes the situation worse, again.

So by definition, the can had already been kicked down the road in 2008, so it could not be the same currently as it was in 2008.. because the underlying issue was not addressed and not even close to being addressed in 2008 or any time between 2008 and currently...

In other words, the whole debt situation is worse currently than it was in 2008 because of the fact that the remedy that came in 2008 and thereafter did not even attempt to address the underlying problem but instead delayed it and caused it to become more and MOAR of a BIGGER problema.

Sure, it might feel all the same.. until there is any attempt to look under the hood and into the details.. . .how it feels, versus what is going on under the hood are likely two different things.

From my understanding, your reply is pretty much supporting what i have meant. "Continuation" downwards, not sideways, if that was the root of some possible confusion?
Fuck it, i'm tired.
I'll short it down: Thanks for the underlining reply, you are right.

Peace out and #hodl 

[ChartBuddy]

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[Gachapin]

Some HOPIUM for the weekend, gentlemen.



@RiggsBTC
The core signals are screaming buy for just the fourth time ever.

$6M by 2026.

....


I dunno about you guys but $6,000,000 per coin gets my attention  

....if not, is that guy willing to eat his own dick on national television ?








Werner Herzog Eats His Shoe
https://www.youtube.com/watch?v=jem9iCZMexE

[El duderino_]

When even some og’s  are talking bear

Is when I believe we will see something nice….

[Gachapin]

I have no idea why there has been a tremendous influx of pompous, loud-mouthed newbies, but can I assume that Bitcointalk's new-registration activity itself is a good metric for how Bitcoin adoption is doing?
...

sig campaigns pay a 3rd world country's minimum wage...

in the west, usually a teen's dream job is "youtuber"  ....in other parts of the world it might be BCT merit farmer  ...but I doubt that that has anything to do with BTC adoption

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Hamza2424]

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[ChartBuddy]

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[Biodom]

6mil in 2026? Too soon, bro...it would mean some kind of a hyperinflation incident.
Not a good vibe...1/10 of it at 600K...this could happen "naturally" without a big mac costing $50.
Still, my cash (good ol' money market in the ret account) had positive return this year while bitcoin, SP500, gold, bonds, ALL cratered.
I have that mm account to counteract bitcoin volatility..and this year it truly worked.

[Crazy_Bitcoin]

JUST IN: 🇸🇻 1.8m people have visited El Salvador so far this year, injecting $1.8 BILLION in foreign currency.

Bitcoin is good for the economy!
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[xzy887]

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Gachapin]

not on my watch, buddy

[ChartBuddy]

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[BitcoinBunny]

Instead of tax cuts the UK government is now talking about tax increases.