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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Torque]

Wow, what an amazing world we live in.

Major tech corporations like Intel laying off tens of thousands, other companies going completely bankrupt.

Sales cratering, consumers tapped out, pulling back, and up to their eyeballs in credit card and student loan debt.

Markets melting down. Wars brewing.

Inflation raging. Money velocity completely dead.

And yet somehow, miraculously, "jobless claims fall".
https://www.cnbc.com/2024/08/08/weekly-jobless-claims-fall-to-233000-less-than-expected-in-a-positive-sign-for-labor-market.html

Amazing!  /s    

I also love how the media continues to talk about whether or not a "recession is on the horizon."

Bitch please, what planet do you live on? We've been in a fkn depression since 2019!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

in one of the realities, the recent dump could serve as the perfect preparation for a 10k god candle straight to 70k

im checking realities as fast as i can but i only have so much acid

[tainted_love]

(*) Yes, I know you guys over there don't know what a litre is.

Taking piece of the litre in latté….

This reminds me of one of the things that never ceases to enrage me about living in the good ol' US of A, and I'm sure fillippone will be able to appreciate this travesty for the assault on humanity it really is.

Walk into any cafe in America and ask for a double cappuccino and you will almost certainly be asked "Small, medium, or large?"

 

[philipma1957]

(*) Yes, I know you guys over there don't know what a litre is.

Taking piece of the litre in latté….

This reminds me of one of the things that never ceases to enrage me about living in the good ol' US of A, and I'm sure fillippone will be able to appreciate this travesty for the assault on humanity it really is.

Walk into any cafe in America and ask for a double cappuccino and you will almost certainly be asked "Small, medium, or large?"

 

never drink any coffee in America at any cafe except black americano no cream no sugar.

No one anywhere in USA makes really good coffee.

My coffee water in house is sediment filtered/ then reverse osmosis/ then distilled.

My beans are fresh ground.

I like old school percolator then cloth filter into stainless steel 2 liter (yeah I know what a liter is)

This is a days worth I use this thermos

https://thermos.com/products/stainless-king-beverage-bottle-2-0-l?variant=40161000980636#


I drink coffee from 8am to 4pm


black no sugar.


sometimes a spoon of whip cream.


If I make expresso it must have some booze in it. And cups are always small around 4 maybe 5 oz.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

And yet somehow, miraculously, "jobless claims fall".
https://www.cnbc.com/2024/08/08/weekly-jobless-claims-fall-to-233000-less-than-expected-in-a-positive-sign-for-labor-market.html

Everyone should know by now (I assume you do) that jobless numbers are heavily gamed. Particularly, if you've been unemployed for a while, you become categorized as long-term-unemployed and no longer count in the numbers. The number to look at is the labor participation rate which is up but still hasn't fully recovered from the lockdowns.

[Richy_T]

Walk into any cafe in America and ask for a double cappuccino and you will almost certainly be asked "Small, medium, or large?"

 

https://www.youtube.com/watch?v=j0deaskGSuA

I should see that movie sometime.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

in one of the realities, the recent dump could serve as the perfect preparation for a 10k god candle straight to 70k

im checking realities as fast as i can but i only have so much acid

[Phil_S]

49.5k + 10k = 59.5k

 

[goldkingcoiner]

in one of the realities, the recent dump could serve as the perfect preparation for a 10k god candle straight to 70k

im checking realities as fast as i can but i only have so much acid

You are only travelling between realitys of the same dimension. Put a layer of DMT into a doob of sweet skunk, watch a Sabine Hossenfelder video and let the elves explain superdeterminism and how it solves "spooky action at a distance". You will either feel amazed at life and the universe or get a crippling feeling of existential dread.

[philipma1957]

well some rally action. Maybe we go over 60k.

[Torque]

And yet somehow, miraculously, "jobless claims fall".
https://www.cnbc.com/2024/08/08/weekly-jobless-claims-fall-to-233000-less-than-expected-in-a-positive-sign-for-labor-market.html

Everyone should know by now (I assume you do) that jobless numbers are heavily gamed. Particularly, if you've been unemployed for a while, you become categorized as long-term-unemployed and no longer count in the numbers.

Agreed.

The number to look at is the labor participation rate which is up but still hasn't fully recovered from the lockdowns.

But even the labor participation rate alone cannot be trusted anymore to tell the real story. Because losing a single white collar working making $100k+/year permanently, but replacing them with two full time (or worse, part time) blue collar workers @ $35k/year each is still major economic loss of purchasing power, even if the participation rate number increases. Not to mention the loss of income tax the IRS can collect.

[Torque]

never drink any coffee in America at any cafe except black americano no cream no sugar.

No one anywhere in USA makes really good coffee.

My coffee water in house is sediment filtered/ then reverse osmosis/ then distilled.

My beans are fresh ground.

I like old school percolator then cloth filter into stainless steel 2 liter (yeah I know what a liter is)

This is a days worth I use this thermos

https://thermos.com/products/stainless-king-beverage-bottle-2-0-l?variant=40161000980636#


I drink coffee from 8am to 4pm


black no sugar.


sometimes a spoon of whip cream.


If I make expresso it must have some booze in it. And cups are always small around 4 maybe 5 oz.

Same here, with one exception: drip coffee absolutely sucks, even with the best fresh ground beans and filtered water.

My weapon of choice is the Philips 4347/94 Espresso Machine. Designed by Italian engineers.

Makes amazing regular coffee.

Worth. Every. Single. Penny. Paid.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

49.5k + 10k = 59.5k

 

The 10k god candle after the previous few smaller ones
I think he meant

[Ambatman]

What a rally!!!
We almost having a comeback just a little push.
I'm already having a good feeling over next Week.

Bitcoin mining has been legalized in Russia, I believe this might serve as a precedence for other countries that had banned mining.
 https://bitcoinmagazine.com/business/putin-signs-law-legalizing-cryptocurrency-mining-in-russia

In another news
US policy group proposes Bitcoin tax-free zone for digital economy growth
https://cointelegraph.com/news/bitcoin-tax-free-zone-us-economic-dominance


And my favorite
Small holders of Bitcoin hit a new high despite the previous drop.
https://www.cointribune.com/en/bitcoin-addresses-of-small-holders-hit-new-highs-despite-drop/

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com