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

[jenny56]

Perfect! Lol

[1714532671]

1714532671

[1714532671]

1714532671

[1714532671]

1714532671

[1714532671]

1714532671

[1714532671]

1714532671

[1714532671]

1714532671

[OutOfMemory]

My DCA buy, originally scheduled for monday, got delayed for tuesday, when it slipped into the little $28k dip. Nice.

[ChartBuddy]

Explanation

[bitebits]

I got it, but I am reconsidering even to have more than a current month expense in the bank.
You get 0% there and in a money market almost 5%.
I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks.
In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long.

In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc.

But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry...

Banks have multi year/decade bonds purchased during the zero interest era. When interest rates go up, the price of existing bonds goes down. The banks holding these bonds can't offer you a higher interest rate than the bonds on their balance sheets.

Obviously people and businesses start taking their fiat out of the bank and put it into the current >5% yielding bonds themselves. This forces the banks to sell their bonds at a loss. People with money still in the bank then start to get worried and take their fiat out as well: a bank run leading to bankruptcy, which these days can happen within minutes/hours/days.


TL;DR Buy bitcoin and be your own, full reserve, bank.

[ChartBuddy]

Explanation

[Gachapin]

Exactly....

let me guess... it wasn't you who created this meme...

https://twitter.com/Hodlcat21/status/1651669689611763712

Perfect! Lol

reported for plagiarism

https://twitter.com/elonmusk/status/1652709146389561344


It seems the only way to get rid of these spamming farmer accounts

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[OutOfMemory]

Nice catch up @Gachapin bro...

Yeah, badly needed. Thanks, Gachapin!

[Xinarae*]

Nice catch up @Gachapin bro...

Yeah, badly needed. Thanks, Gachapin!

Also thanks, OutOfMemory 

[ChartBuddy]

Explanation

[bitcoinPsycho]

"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)

[BitcoinBunny]

"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

Wasn't that Al Gore?

He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars.

[Xinarae*]

"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)

We may be waiting for a time when cryptocurrency will be prioritized as one of the biggest investment places in the world...

I hope the whole world will work together with it...

[d_eddie]

"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

Wasn't that Al Gore?

He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars.

Gore invented the Internet at the age of 15 or so while messing around on his macbook, but left implementation to the military and academia. Berners-Lee invented the web and implemented client and server at 34 YO.

[Bitcoin_people]

BitcoinBTC Pizza Day is coming up on May 22


visit 👈

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JimboToronto]

"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)

Berners-Lee invented the World Wide Web (http/html) not the internet.

The Americans Vint Cerf and Bob Kahn invented tcp/ip, the basis of the internet.