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

[xhomerx10]

https://www.cnbc.com/2022/11/02/biden-administration-to-provide-over-13-billion-in-aid-to-help-american-families-lower-energy-bills.html

Biden administration to provide over $13 billion in aid to help American families lower energy bills decide how to vote

The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes.

Vice President Kamala Harris plans to announce the new initiative while visiting a sheet metal workers’ training facility and union hall in Boston later Wednesday, a senior administration official told reporters in a call Tuesday. The announcement reflects the administration’s efforts to lower energy costs amid extreme... blah, blah, blah



 Money printer go _pandeRrrrrrrrrrrrrrrrrrrr

[1714159934]

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[1714159934]

1714159934

[1714159934]

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[1714159934]

1714159934

[NeuroticFish]

Biden administration to provide over $13 billion in aid to help American families lower energy bills decide how to vote

So nice! People will get some more fiat to acquire the money that matters.

[Rahul09]

 

[WhyFhy]

https://www.cnbc.com/2022/11/02/biden-administration-to-provide-over-13-billion-in-aid-to-help-american-families-lower-energy-bills.html
The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes.

Time to turn on the GPU's?

[BitcoinBunny]

https://www.cnbc.com/2022/11/02/biden-administration-to-provide-over-13-billion-in-aid-to-help-american-families-lower-energy-bills.html

Biden administration to provide over $13 billion in aid to help American families lower energy bills decide how to vote

The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes.

Vice President Kamala Harris plans to announce the new initiative while visiting a sheet metal workers’ training facility and union hall in Boston later Wednesday, a senior administration official told reporters in a call Tuesday. The announcement reflects the administration’s efforts to lower energy costs amid extreme... blah, blah, blah



 Money printer go _pandeRrrrrrrrrrrrrrrrrrrr

Why does a single American need help with energy costs?
Surely Dementoe Biden and Camel Harris should have led all Americans to a green no Keystone XL pipeline, no more oil, no more fracking and no more coal utopia by now?

[BitcoinGirl.Club]

Homer brother, I need Bart out and the orange in 🤣
Can you redo my hat please?

[ChartBuddy]

Explanation

[JayJuanGee]

Crypto?

[philipma1957]

at 2pm we get new rate from our buddies the feds.

maybe .75

or .50

Many people do not realize every jump they do is printing money and feeding inflation .  

Fed 401k , well 401 tsp has many funds but it has the largest fund as the G fund at the moment the G fund pays around 3%

so a raise of .75 will boost the g fund over 3.5 %


so with rates raising in the g fund investors are fleeing from the other funds

https://www.fedsmith.com/2022/07/01/tsp-transfers-to-g-fund-up-249-percent/

So a 2x whammy the g-fund expands in size and in interest rates paid


All of the above is a hidden way to print money for a specific group "federal workers"

My wife's g-fund did nicely this year it is serving as a hedge for the down year in btc.

[BitcoinBunny]

Mamma mia, here we go again
My my, another fed rate hike
Mamma mia, does it show again?
My my, people can't even afford a bike
Yes, we are all losing our wealth
Inflation is the opposite of economic health
Why why did I ever let Bitcoin go?
Mamma mia, now I really know
My my, I could never let you go

[ChartBuddy]

Explanation

[HI-TEC99]

2022

 Money printer go _pandeRrrrrrrrrrrrrrrrrrrr

[ChartBuddy]

Explanation

[JayJuanGee]

Officially 0.75% guys.

https://www.usatoday.com/story/money/2022/11/02/fed-interest-rate-hike-live-updates/10561495002/

Some here were saying that 0.50% would be a reason to pump, and maybe if the Fed believes that everyone plans to pump on 0.50%, then it has permission to go 0.75% - since it is trying to stop the pump - and without causing the whole house of cards to come falling down.

So perhaps the pump (if any) will be more whimpy based on a higher than expected rates hike - not that King Daddy should give too many shits about that kind of information anyhow, even though we know that having some "announcement" or other "uncertainty" hanging out there does seem to have tendencies to damper any meaningful abilities for price movements (in either direction) until the uncertainty (announcement) has been resolved.

By the way, when I looked over at my bitcoin ticker (it was on bitcoinwisdom.com), and I saw that the BTC price had dipped down from $20,400-ish to $20,210 and then back up to $20,740-ish within a matter of one or two minutes, and then I looked at the clock - and yeah of course, such price movement took place immediately at the time of the 14:00 Eastern time "announcement."  Go figure.

[HI-TEC99]

Officially 0.75% guys.

https://www.usatoday.com/story/money/2022/11/02/fed-interest-rate-hike-live-updates/10561495002/

Some here were saying that 0.50% would be a reason to pump, and maybe if the Fed believes that everyone plans to pump on 0.50%, then it has permission to go 0.75% - since it is trying to stop the pump - and without causing the whole house of cards to come falling down.

So perhaps the pump (if any) will be more whimpy based on a higher than expected rates hike - not that King Daddy should give too many shits about that kind of information anyhow, even though we know that having some "announcement" or other "uncertainty" hanging out there does seem to have tendencies to damper any meaningful abilities for price movements (in either direction) until the uncertainty (announcement) has been resolved.

By the way, when I looked over at my bitcoin ticker (it was on bitcoinwisdom.com), and I saw that the BTC price had dipped down from $20,400-ish to $20,210 and then back up to $20,740-ish within a matter of one or two minutes, and then I looked at the clock - and yeah of course, such price movement took place immediately at the time of the 14:00 Eastern time "announcement."  Go figure.

[ChartBuddy]

Explanation

[philipma1957]

https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm


so 3.25% + 0.75% = 4.00%


btc moves in the 20.1 to 20.5 slot and I do believe that proudhon's oct 2022 prediction of btc not staying above 20k for 5 days in a row is not true anymore.

He is very good at making the exact wrong prediction time after time.

4.00% is pretty good for my wife's 'safe' fed tsp which is a 401k style account

It would be nice to see 0.50 + 0.50 next 2 jumps.

brings us to 5.00% say feb 2 or so.

Maybe honey badger wakes up on Groundhog Day kicks the ground hog in the butt and fires up the massive 2023 bull run

[ChartBuddy]

Explanation

[philipma1957]

buddy
you suck

[ChartBuddy]

Explanation