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

[JimboToronto]

JUST IN...
...twitter...

OMG no. Please don't tell be you've become a Bieber.

[1714222899]

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[1714222899]

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[ChartBuddy]

Explanation

[Biodom]

I think anyone asking how these Silicon Valley-based banks could fail, first needs to ask which banks were involved in all the over-hyped California-based SPACs (that have all crashed and burned) over the last couple of years.

Follow the fraud, follow the money.

Here, I'll start:

https://www.svb.com/blogs/silicon-valley-bank/why-spacs-now

EDIT:

Continental put out a statement today about its hundreds of SPACS, says they are SaFu in JPMC, Citibank, or Morgan Stanley.

https://www.spacinsider.com/news/headline-post/continental-spac-trust-accounts

Of course, they don't say if they indeed once had the account funds with SVB or SB and simply moved them. Could've happened anytime within the last couple weeks/months/year for all we know.

SPACs were complete fraud...at the later stages.
I only put a few thou in them...one (from UK, the fooking Cazoo) lost 99% and one from US lost "meager" 40% (so far).

[ChartBuddy]

Explanation

[philipma1957]

what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Yep they did not ladder buy fed bonds as rates raised.

Poor risk management banking 101 fail.

[philipma1957]

what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Also Silverbank didn't fail. It's closing down while fulfilling all it's obligations.

SVB defaulted and is getting itself bailed out with tax payer money. Tax payer money to pay the 650M Oprah supposedly had there and all of prince Harry's millions.

Are you all enjoying democracy and it's enormous weakness to lobbying?

America is not a democracy.  It is a democratic republic which is really far from Democracy.

[Biodom]

what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Yep they did not ladder buy fed bonds as rates raised.

Poor risk management banking 101 fail.

So far, bitcoin is reacting as I hoped it would react.

[philipma1957]

what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Yep they did not ladder buy fed bonds as rates raised.

Poor risk management banking 101 fail.

So far, bitcoin is reacting as I hoped it would react.

I would like to see a nice big 10k green dildo after tomorrow's cpi numbers.

The idea that banks are too fucking stupid to ladder buy into raising fed rates could mean raising bond rates will cause BTC to go onwards and upwards

[JayJuanGee]

Have the cold from hell
Taking thirteen aspirins
Going back to bed

Actually I only took two, but I needed two syllables.

See you when I wake up.

Why not "two-ish?" or "two two?"  or "too two?" or "a two?"  or "some two?"

Yous gots to step up u r syllable countening game!!!!!

Have the cold from hell
Taking thirteen aspirins
Going back to bed
Actually I only took two, but I needed two syllables.

See you when I wake up.

" a few" would have done it  

Fair enough... You show off.. beating me by 16-ish hours.. but who's counting besides me?

Homework:
Quantify the liquidity issue experienced by Signature Bank before the NY Regulators swooped in and confiscated all assets and operations.

You are counting too?

Sidenote: they closed Silicon Valley bank and ALSO the Signature bank, apparently (Silvergate closed last week).

So someone really hates banks starting with an S.

Taking out American banking... one letter at a time.



but, who's keeping track besides Loyce?



 

[ChartBuddy]

Explanation

[Hyperjacked]

Wow this rally will be epic !!! Ppl will fomo into Bitcoin Monday imo

So far you look pretty good.

Lets see how you look on monday.

I hate too say it but it’s probably the tip of the iceberg with the banking sector…
 Maybe we will see 30k$ Bitcoin after the next bank collapse

[dragonvslinux]

WO, please help! I'm trying to understand why Bitcoin has performed better in it's 2022 bear market with high inflation than 2011, 2014 or 2018 without it.

This is as far as I got trying to get an answer. Apparently every -2.2% correction Bitcoin experiences at current prices is worse than the 2014 bear market 

Remember, it's not about how a -2.2% correction over a -86% correction affects your investment, it's all total market cap. Obviously.

And to combine this with your other question.
That  86% drop erased $10 billion of value, the current one erased $800 billion!
So... Did it really perform better? Mark Twain might have something to say about those statistics and percentages.

So, by your own argument and logic, every 2.2% correction or downtrend that Bitcoin has (at current prices)  is worst than the -86% drop that happened in 2014/2015?

I rest my case. Still waiting for a relevant argument as to why high inflation is bad for Bitcoin 

Answers in this thread or quoted thread accepted. I'm getting pretty desperate now to be honest, have been asking the same question for months and getting nowhere...

Maybe you can help to unravel the followings data then, as so far nobody has been able to explain the following:

2014-2015 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2018-2019 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2022-2023 bear market (with high inflation): Bitcoin drops -77% from ATH after approx one year

Thanks in advance. Troll welcome.

[JayJuanGee]

what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Yep they did not ladder buy fed bonds as rates raised.

Poor risk management banking 101 fail.

Oh gawd.... 

Still pumping IBonds in a cornz thread?

I am not saying it is completely unrelated, but still? 

More than 11 years in dee cornz, and doesn't seem to know hardly nuttin about my lil precious.

 

[Edited out]

So far, bitcoin is reacting as I hoped it would react.

I would like to see a nice big 10k green dildo after tomorrow's cpi numbers.

The idea that banks are too fucking stupid to ladder buy into raising fed rates could mean raising bond rates will cause BTC to go onwards and upwards

Whoaza!!!!!!!!!!


Now you are starting to sound too smart for ur own  lil selfie.

 


 

WO, please help! I'm trying to understand why Bitcoin has performed better in it's 2022 bear market with high inflation than 2011, 2014 or 2018 without it.

This is as far as I got trying to get an answer. Apparently every -2.2% correction Bitcoin experiences at current prices is worse than the 2014 bear market 

Remember, it's not about how a -2.2% correction over a -86% correction affects your investment, it's all total market cap. Obviously.

And to combine this with your other question.
That  86% drop erased $10 billion of value, the current one erased $800 billion!
So... Did it really perform better? Mark Twain might have something to say about those statistics and percentages.

So, by your own argument and logic, every 2.2% correction or downtrend that Bitcoin has (at current prices)  is worst than the -86% drop that happened in 2014/2015?

I rest my case. Still waiting for a relevant argument as to why high inflation is bad for Bitcoin 

Answers in this thread or quoted thread accepted. I'm getting pretty desperate now to be honest, have been asking the same question for months and getting nowhere...

Maybe you can help to unravel the followings data then, as so far nobody has been able to explain the following:

2014-2015 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2018-2019 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2022-2023 bear market (with high inflation): Bitcoin drops -77% from ATH after approx one year

Thanks in advance. Troll welcome.

Seems like a lot of noisenings to this here cat.

In udder wurds.... Who fucking cares?


King daddy no doesn't care, right?

King daddy no doesn't want to be put into a box.. and you can ONLY get so far with various kinds of technical analysis in terms of attempting to figure out where we are at, how we got here or where we might be going.

Yeah, of course you might well be asking a rhetorical question.. but still, looking at where we were and where we are at seems to be much easier than figuring out where we might be going, but still, there are a lot of ways that any of us could frame the issues and even come to a wide variety of differing answers when we are merely attempting to assess where we are at and how we got here.

In other words, you are asking for too much in the ontological realm of the world (and maybe you should join Vitalik ), and just like Dorothy in the Wizard of Oz.. enough of the answer has been with you all along....


Justsaying.

 

[ChartBuddy]

Explanation

[ivomm]

JUST IN: Multiple banks stock trading halted over volatility.
https://twitter.com/WatcherGuru/status/1635274404396695552?s=20

Who said that Bitcoin is worthless and will go to 0? Yep, the bankers! And whose shares are now going to 0? Lol   #BitcoinIsBankersKarma

[Richy_T]

How many more banks are going to get bailed out this year? I see that Bitcoin has been increasing ever since the Silicon Valley bank has been bailed out which might be people coming to Bitcoin because they have lost faith in the bank and could cause a bull run before the 2024 halving. It might be the perfect time for banks to fail because it will push more people to Bitcoin and then the halving being a good time to boost the price it might be a good year or 2 for Bitcoin because of the banks failing.

We have such a fantastically productive system with capitalism that there is a lot of wiggle room for fucking about. You can inflate the money, you can fill your pockets from the public coffers, you can waste huge amounts of productive activity in shitty government projects, you can literally blow up billions dropping it on brown people but there is an edge and these fucks have chosen to step over it. Keeping running the money printer will destroy everything but they can no longer turn it off.

[Richy_T]

WO, please help! I'm trying to understand why Bitcoin

I think I see where the problem is.

[ChartBuddy]

Explanation

[HI-TEC99]

[macson]

Wow this rally will be epic !!! Ppl will fomo into Bitcoin Monday imo

So far you look pretty good.

Lets see how you look on monday.

I hate too say it but it’s probably the tip of the iceberg with the banking sector…
 Maybe we will see 30k$ Bitcoin after the next bank collapse

I hate to say it but banks can't collapse, they print money continuously.


but i emphatically say that only bitcoin cannot be manipulated.