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

[xhomerx10]

OT: https://news.yahoo.com/five-police-officers-were-fired-192741747.html?ref=upstract.com

I normally wouldn't post things like this here anymore, but I'm so fkn mad right now. The hypocrisy here is just... I have no words.  

I seem to recall an entire nation laid completely hostage one long summer (during the height of Covid, no less) due to mass riots, burning buildings, etc. over a certain person who died like this. Rioters took control of the entire city of Portland, OR for months and months.

Well I guess they only mass riot, vandalize, and burn buildings when it is a bunch of white cops doing the killing instead of POC cops, huh? Funny how that works.

Nary a peep of this on the major MSM news channels. Unbelievable.

 It was in the papers here this weekend because 5 cops had been fired but that was the first I had heard of it.

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[ChartBuddy]

Explanation

[philipma1957]

You can choose your friends but unfortunately not your family.

You mean if your grandpa and grandma are Russians but you were raised in school as ukronazi hating Russia?

Dude Russia is going to win  then wipe out 5-10 million more Ukraine 🇺🇦 people once they win.

For what? making the worlds largest county larger and being called the worlds biggest villain.

Its Putins wish to claw back every sq inch they lost back in the 80s.

Actually Putin is one of many reasons I am glad all my kids are dead 💀 already.

To all of you with kids and grand kids oh well.

[BitcoinBunny]

Japan PM says country on the brink over falling birth rate
https://www.bbc.co.uk/news/world-asia-64373950

Happy to be of assistance to about 100,000 21-25 year old Japanese females.

Just don't expect any child support. 

[ChartBuddy]

Explanation

[Lucius]

Enjoy the song

[ChartBuddy]

Explanation

[vroom]

Japan PM says country on the brink over falling birth rate
https://www.bbc.co.uk/news/world-asia-64373950

Happy to be of assistance to about 100,000 21-25 year old Japanese females.

Just don't expect any child support.  

This will be the fate of many countries with a financial system based on growth. Unlimited growth is not possible in a limited world. Populations will shrink and the public pension scheme (yeah, some countries have such things) will collapse. Some countries try to delay this system collapse with immigration, but this creates other problems.

I suspect the climate change restrictions we will face are just an excuse for this population growth problem.

[ChartBuddy]

Explanation

[ImThour]

Bitcoin 2018 vs 2022:

1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.

[Paashaas]

Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.

Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.

The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.

Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.

[BitcoinBunny]

Japan PM says country on the brink over falling birth rate
https://www.bbc.co.uk/news/world-asia-64373950

Happy to be of assistance to about 100,000 21-25 year old Japanese females.

Just don't expect any child support.  

This will be the fate of many countries with a financial system based on growth. Unlimited growth is not possible in a limited world. Populations will shrink and the rental systems (yeah, some countries have such things) will collapse. Some countries try to delay this system collapse with immigration, but this creates other problems.

I suspect the climate change restrictions we will face are just an excuse for this population growth problem.

Well of course, I didn't want to post that reality as it is quite a sad one; but any empire that starts fussing about pronouns, promotes abortion, promotes drag queens in class rooms, promotes loathing of the majority race whilst making raising families near unaffordable/unmanageable is probably doomed.

[BitcoinBunny]

Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.

Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.

The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.

Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.

Another example of why the empire is nearing its end. The Dollar will crumble pretty soon. It's frankly astonishing that this is being accelerated by such moves.

The question I guess is, is this intentionally stupid or just plain stupid?

[ChartBuddy]

Explanation

[Phil_S]

When Democrats "push" for "something" it's 90% performative. Just something to excite the base, with no intention of actually making it into law.

[ivomm]

 #Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs

https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut

I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.

[Biodom]

Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.

Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.

The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.

Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.

Another example of why the empire is nearing its end. The Dollar will crumble pretty soon. It's frankly astonishing that this is being accelerated by such moves.

The question I guess is, is this intentionally stupid or just plain stupid?

First off, both parties are responsible for the debt, this much is clear.
There was no such debit limit posturing from GOP during Trump years AFAIR.
Second, US is unique in pretending that debt limit is "real" like a credit card limit.
No other country (apart from Denmark) has a debt limit measured in a set value, not in % of GDP.
Realistically, with more than 1 tril in deficit every year, what kind of debt ceiling one can talk about?
It's all fun and games (political).
Another question-how long can it continue?
I am not sure, especially with 5% interest payment on a short term debt.
However, why would dollar crumble against other fiat if they ALL do the same?
It may crumble against bitcoin for sure, but isn't it what we all expect?

[Hueristic]

Check out "The recruit" it's pretty good.

[ChartBuddy]

Explanation

[OutOfMemory]

C'mon Buddy, stay p o s i t i v e