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

[BitcoinGirl.Club]

For me is growing disinterest is kind of buy signal.

For long time $13k used to be a sell signal 🤣
War, pandemic changed everything.

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[blue_hurricanger]

Talk about current news. More forecasts of the US heading to recession no matter what others try to spin with their rhetoric about a real recession or technical recession.

Forecast for US Recession Within Year Hits 100% in Blow to Biden
https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden?leadSource=uverify%20wall#xj4y7vzkg

While China also delays its Q3 report on its economy.

China delays release of key economic data amid party congress
https://www.reuters.com/world/china/china-delays-release-economic-indicators-including-q3-gdp-2022-10-17/

That's the biggest economy and the second behind it, accounting for a share of nearly half the global economy. Buckle up, everyone. We're going for a wild ride! Back then, the 2008 Mortage crisis and the fall of Wallstreet, crypto wasn't as relevant and 'popular' as it is today. Place your bet on what people would do once the trust for govt is low, and fiat is inflated as hell in recession. Where they'll put their money into?

[ChartBuddy]

Explanation

[BitcoinGirl.Club]

Place your bet on what people would do once the trust for govt is low, and fiat is inflated as hell in recession. Where they'll put their money into?

We will see proper use of bitcoin when we will have a repeat of 2008.
Demand for Gold and Bitcoin is going to sky rocket.

[ChartBuddy]

Explanation

[Hamza2424]

Source

What ever is happening i think He's watching
I think he knows the shit tweeters and Ellon can be on his hit list... Show is about to began that the only words I can say..


Source

[blue_hurricanger]

Place your bet on what people would do once the trust for govt is low, and fiat is inflated as hell in recession. Where they'll put their money into?

We will see proper use of bitcoin when we will have a repeat of 2008.
Demand for Gold and Bitcoin is going to sky rocket.

Hopefully, it'll be like you said. Right now, gold is still going unimpressive after last year's rally to $2,000. Maybe once people wake up and start to realize it, we might see the gold price rally to a new high. The same for Bitcoin too.

Gold price 20 years chart.

[BitcoinGirl.Club]

Maybe once people wake up and start to realize it, we might see the gold price rally to a new high. The same for Bitcoin too.

Gold, bitcoin or any other cryptocurrency. None does not matter.
Centralized trust based fiat currency will have an end soon. The Ukraine was set us an example. At least the reserved currency system needs to be decentralized even if that is printed money.

[Torque]

next the diff goes up and up and up ee are looking at btc mining ⛏ imploding very soon. and we lost 20 million a day in eth earnings which helped fuel the spaces for miner.

If the diff is still going up and up while you are predicting a crash to ~$13-14k, it likely means that the insider mega miners know something that you don't.

[ChartBuddy]

Explanation

[Ami0]

#Bitcoin    has been added to the Guinness Book of World Records



https://twitter.com/DocumentingBTC/status/1582359111374495744?t=bXXvPWcp-6mskK33J2kR5w&s=19

[Lucius]

We will see proper use of bitcoin when we will have a repeat of 2008.
Demand for Gold and Bitcoin is going to sky rocket.

You overestimate the majority of people in that they have the ability to recognize an opportunity and an alternative, and this is also evidenced by the fact that we have less than 5% of people in the world who have recognized Bitcoin from 2009 to today - so I will ask the question "will anything change by the end of the decade?"

I would like to be wrong, but most people behave like remote-controlled robots, just look at the crazy measures in the pandemic and how many people followed them without any question, even though today it is shown how pointless it all was. I would say that the demand for Bitcoin will increase, but not from ordinary people, but from big players who invest the most in the time when there is blood on the streets - and that is right now.

[cygan]

[suchmoon]

Place your bet on what people would do once the trust for govt is low, and fiat is inflated as hell in recession. Where they'll put their money into?

Socks and (under) mattresses.

I know, not the "correct" answer but that's how people act. In the previous recession interest rates were ridiculously low and housing prices crashed so there was an option to buy real estate. Not sure if that's going to be the case this time around, probably not. So it's just socks and mattresses and an occasional jar in the backyard. For those lucky few who have money left over from buying food.

No one outside of a small group of nerds will think "oh everything's crashing and burning, let's buy bitcoins".

[philipma1957]

Place your bet on what people would do once the trust for govt is low, and fiat is inflated as hell in recession. Where they'll put their money into?

We will see proper use of bitcoin when we will have a repeat of 2008.
Demand for Gold and Bitcoin is going to sky rocket.

Long term yes.

Next 6-12 months most likely no.

Study the fed rate raises done by bush leading up to the 2008 wipeout

March 2004 to July 2007

that is 3 years and 4 months before they reversed and they reversed too late







now study what happened in 2022

[ChartBuddy]

Explanation

[philipma1957]

now study what happened in 2022

feb 2022 to oct 2022 is only 8 months of raises

means no reversal in site based on past history

So we may need at least 3 or 4 hikes adding to 2.25% more than current numbers

of 3.08% .

 To me they are looking to crash just like 2008 time will tell if they back off quicker and get the so called

" soft landing "   

but the  move the 3.08 to 3.83 in early nov looks pretty certain.

[ChartBuddy]

Explanation

[Renampun]

#Bitcoin    has been added to the Guinness Book of World Records



https://twitter.com/DocumentingBTC/status/1582359111374495744?t=bXXvPWcp-6mskK33J2kR5w&s=19

Bitcoin has been in circulation for more than 10 years, where is the Guinness book of world records, whether they really need more than 10 years to be sure that Bitcoin is a valuable cryptocurrency lol

[Torque]

OT: Mortgage rates in the U.S. have nearly doubled from the start of the year, now at 7.12%

And then they wonder why housing starts have crashed. Lol.

Good luck at getting anyone even qualified at those levels.