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

[ChartBuddy]

Explanation

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[bitcoinPsycho]

Bank of England on heightened alert for further banking turmoil


https://www.bbc.com/news/business-65099136





Bailey said it was "the fastest collapse from health to death" since the UK's Barings Bank failed in 1995 after suffering heavy losses resulting from fraudulent investments. Sam Woods, the chief executive of the Prudential Regulation Authority, noted that SVB UK saw about a third of its deposits - £3bn - withdrawn on one day.

He twice suggested to the MPs that the stress tests applied to UK banks to make sure they can withstand a crisis would need to be looked at, given how new technology meant deposits could be withdrawn electronically in seconds. However, Mr Bailey told MPs he did not think the UK was in a position similar to the 2008 global financial crisis, when banks stopped lending to each other, plunging the world into a deep recession.

In other words he is saying fiat banks have no place in the digital age.

Reading between the lines the banks are fucked

[tiCeR]

Banking stocks continue to drop.

Credit Suisse down nearly 25% to a record low.

Just when you think they are on the floor,  there is another sub-basement they can fall down into.

Haha oh ya, that is a good one and reminds me of those saying "it can't go lower than that".

But it would make this guy really happy!



Even though yours looks more like horrible chaos, it also means a more comfortable opportunity for others to get in. Or to add to their stack. Your GIF describes 2018 quite well when it went deeper, and deeper, and deeper, and...

[ChartBuddy]

Explanation

[UdtaParinda1]

How would you speculate that bitcoin could "hold its position?"  

You must be new here.

Yes, I am new here...
From the position, it looks like you took it in some other séance, I meant there was Bitcoin holding its position No 1 and I think there will be nobody in doubt that some other currency (Altcoin) can be on the place of Bitcoin in market capitalization.

[bitcoinPsycho]

How would you speculate that bitcoin could "hold its position?"  

You must be new here.

Yes, I am new here...
From the position, it looks like you took it in some other séance, I meant there was Bitcoin holding its position No 1 and I think there will be nobody in doubt that some other currency (Altcoin) can be on the place of Bitcoin in market capitalization.

Fool

[Lainta]

JUST IN: 🇫🇷 5 major banks raided by French authorities in €100 billion fraud investigation.

• Societe Generale
• BNP Paribas
• Natixis
• HSBC
• Exane

https://twitter.com/WatcherGuru/status/1640720010405457921?t=mDi-gnigd1b6--WxYhjZMA&s=19

[LDL]

Ok, I’ll play. 1st day in executive leadership in corporate America on the left. FREEDOM on the right. #Bitcoin     #beforebitcoin



https://twitter.com/laurenoflight_/status/1640496597250236416?s=19

[ChartBuddy]

Explanation

[Torque]

Bank of England on heightened alert for further banking turmoil


https://www.bbc.com/news/business-65099136

Bailey said it was "the fastest collapse from health to death" since the UK's Barings Bank failed in 1995 after suffering heavy losses resulting from fraudulent investments. Sam Woods, the chief executive of the Prudential Regulation Authority, noted that SVB UK saw about a third of its deposits - £3bn - withdrawn on one day.

He twice suggested to the MPs that the stress tests applied to UK banks to make sure they can withstand a crisis would need to be looked at, given how new technology meant deposits could be withdrawn electronically in seconds. However, Mr Bailey told MPs he did not think the UK was in a position similar to the 2008 global financial crisis, when banks stopped lending to each other, plunging the world into a deep recession.

If anyone can't see the global grift by now, they are completely blind.

It's global liquidity that's the problem. Countries don't want to issue bonds, print and devalue their currencies any more than is completely necessary. They've done enough of that already. And no trad investments are giving their corps or investment banks any returns whatsoever right now.

Everything, everywhere is deflating all at once.

So where are their investment banks and corporations going to get the money if their reserve banks don't print more at 0% rates? Only one place left: sucking it directly from their citizens' savings and investments.

Look at China. For over a decade they've been successful by closing off their citizens to any and all foreign/outside investment, and then providing them with only ONE localized investment vehicle (*cough Ponzi scam) left: skeletal, crappy hi-rise apartments built in the middle of BFE nowhere.

It's an IOU given for a completely worthless asset, in return for cash. It's actually worse than the worst of ponzis, shitcoins or NFTs.

And China's banks made a fortune by doing this. What a great model. So they think they'll be able to revive it and keep it going. Just look at 10-15 yr charts showing how China's household savings rates have plummeted and debt has risen.

What about other countries? Their citizens' banks will dry up like the Sahara.

Those digits you see when you log into your banking app and look at your balance? Well, they're just a mirage.

And don't even get me started on what SPACs were really all about...

[HI-TEC99]

...

Those digits you see when you log into your banking app and look at your balance? Well, they're just a mirage.

....

[OgNasty]

Bitcoin is holding up well given all the calamity in global markets currently. I’m starting to think we won’t see $30K break by the end of the month like I had guessed, but it seems inevitable that it will happen and without too many more weeks or months passing. With the halving around a year away, I expect the end of this year will see a rise up to the $50K range in preparation.

[ChartBuddy]

Explanation

[philipma1957]

Bitcoin is holding up well given all the calamity in global markets currently. I’m starting to think we won’t see $30K break by the end of the month like I had guessed, but it seems inevitable that it will happen and without too many more weeks or months passing. With the halving around a year away, I expect the end of this year will see a rise up to the $50K range in preparation.

sorry sideways for a long time, but as JJG says what the  fuck do I really know.

Basically the plan is this:
 fed raises rates busts out tons of banks this entire spring and summer.

Pivot happens too late and world wide recession occurs.

We are back to 2008 say Oct or Nov of 2023.

At this point we rally into btc. Bigly.

What does this all mean buy now DCA and dip buy for the time being.

Or not.

Oh my two new miners will go on line today. Still very bullish on mining ⛏️.

[Torque]

...and world wide recession occurs.

They've been saying this for 2-3 years now, and keep moving the goal posts. "Recession still coming?..."

No, we've BEEN in a global recession for years now.

It's obvious to, well, literally everyone that earns a paycheck and spends money.

[philipma1957]

...and world wide recession occurs.

They've been saying this for 2-3 years now, and keep moving the goal posts. "Recession still coming?..."

No, we've BEEN in a global recession for years now.

It's obvious to, well, literally everyone that earns a paycheck and spends money.

Lots of definitions as to what a recession is or isn’t.

I do agree the only thing getting cheaper per for me has been buying mining gear.

So I am buying gear just like others buy corn. The JJG way DCA.

[ChartBuddy]

Explanation

[cygan]

[macson]

Bitcoin is holding up well given all the calamity in global markets currently. I’m starting to think we won’t see $30K break by the end of the month like I had guessed, but it seems inevitable that it will happen and without too many more weeks or months passing. With the halving around a year away, I expect the end of this year will see a rise up to the $50K range in preparation.

agree.. judging by bitcoin's relatively stable ^(sideway) movement in recent days, it seems we won't be seeing $30k until the end of the month.


beautiful art,





[1] https://twitter.com/WatcherGuru/status/1640531089751171073

[JayJuanGee]

This represents the natural law of empowerment. If your base is strong you cans survive otherwise no matter how beautiful Structure you will lose it. Currently so many many economic analysis and Bitcoin prediction are in market hype but i think it doesn't matter until Bitcoin is Holding its position.  

How would you speculate that bitcoin could "hold its position?"  

You must be new here.

well, a new ignore anyway

Hey, I believe that making a good argument regarding how bitcoin could "hold its position" could be interesting, even though many of us realize that bitcoin is in a longer term battle that seems to be intensifying in recent times, even though surely the outcome could still end up being that bitcoin ends up "hoding its position" at some point, and surely depending upon such point that it "holds its position" could end up being a fairly bullish sign, as UdtaParinda1 seemed to have had been trying to say... but maybe not very clearly..   I don't know.. it's not that I completely disagree with the aspiration that bitcoin holds its position, even though it seems to be more of a wish than something that any of us can really plan for, until maybe when bitcoin prices start to get well above $1 million, and it might even take $10 million or greater BTC prices before it has enough market cap to really become more liberated from extreme volatility that has been its so far history.

Crazy people deposited so much into FTX and bought their shittiest of shitcoin and had so much faith in them.
They've only existed 3 years.
A billion dollar company supposedly with only 300 staff. What a f*cking scam.

What was BTC's market cap after 3 years? About $10 million? I only heard about BTC in 2013 and I always think I was early.

I admit I have used Binance but never left any BTC on there for more than an hour tops

Ok.  I thought that newbies to bitcoin always think that they are late to bitcoin, and that is part of the reason that many newbies get lured into wanting to either make more returns on their bitcoin, such as yield or perhaps to engage in some other behaviors that end up luring them towards buying shitcoins rather than bitcoin.

You don't really seem to be saying anything wrong Bounty_Master365 - even though you are trying to suggest that everyone should do what you did and that somehow maybe you are smarter than everyone else?  

Sure, maybe you are smarter than many of us, but you are also new here, so we have no way of really knowing if you are just making shit up or if you have an actual history that reflects the kind of prudence and reasonableness that you expect others to naturally possess in regard to their bitcoin journey.. and presuming something like a 10 year journey if we use 2013 as a starting point.

Another thing, I suspect that the vast majority of us are tempted by gambling, and even if we might come up with some early plans to invest into bitcoin in something like a reasonably and sufficiently aggressive dollar cost averaging way, we likely will have difficulties sticking to such strategy, especially if we are trying to pay attention to the ongoing performance of what we are buying and even the questions about whether we might be being sufficiently aggressive in terms of how much we are investing into bitcoin as compared with other ways that we could allocate investment money (presuming that we can even figure out that we actually have enough extra money that we are able to invest after covering our monthly expenses), and surely if you have known about bitcoin and perhaps have been into bitcoin since 2013, you likely realize that bitcoin's historical price volatility is way greater than the price volatility of a lot of other possible investment assets/or currencies, and also frequently while in the middle of the whole thing (ups, downs, and sideways if you are lucky), it tends to be difficult to even recognize and appreciate that bitcoin is the better of the investment options, especially if any of us might have had been aware of bitcoin for around 10 years, as you are proclaiming your lil selfie to have had been aware of bitcoin for that long... yet still the devil in the details of how you acted likely tells way more than your rosey recapitulation of how easy it supposedly was during those 10 years-ish. .which thereby causes me to suspect that you might not really be telling us a very accurate rendition of the whole "living through" bitcoin investing/accumulation process.

don't feed or merit the bot!... I've read the same post a few weeks back!

The bot copied and pasted BitcoinBunny's post.

Crazy people deposited so much into FTX and bought their shittiest of shitcoin and had so much faith in them.
They've only existed 3 years.
A billion dollar company supposedly with only 300 staff. What a f*cking scam.

What was BTC's market cap after 3 years? About $10 million? I only heard about BTC in 2013 and I always think I was early.

I admit I have used Binance but never left any BTC on there for more than an hour tops.

Wow..!! Good find.  I was arguing with BitcoinBunny and did not even know it.  

 

Charming.. and no homo for sure... who could have homo with a bitcoin bunny?


Anyone?


Anyone?