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

[xhomerx10]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

Guess I was always grown up, I was being facetious.

[OgNasty]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

Are you talking about Goat?

https://bitcointalk.org/index.php?action=profile;u=44233

I remember when “Goat” cashed out his 1,000 BTC Casascius coin in 2013 for a million dollars. He went and bought a Lambo and a new house. Pretty sure taxes and expenses caused him to lose both and disappear from this site after being one of the early Bitcoiners. He turned into a troll here and eventually was banned. Don’t be like Goat. He also refused my invitation for a charity boxing match, so I guess he wasn’t completely stupid.

https://bitcointalk.org/index.php?topic=637648.msg7115055#msg7115055 <--- Read this thread and tell me who it reminds you of. Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.

his attacks funded by theymos and the forum!

The similarities are shocking reading this after so many years.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Re. buying a car with BTC.
YOLO supporters will disagree, but buying a car with BTC makes sense only if the BTC used is a tiny percentage of your total BTC stash, like 5% or less, and I'm being generous. Spending something like half of your stash to buy a ton of metal on wheels is a total waste of BTC and a certain way to lose your sanity when BTC moons.

5% actually is a lot imo to spend on a vehicle...
Also depends a bit if its only a luxury expensive one or a really necessarily one...
But still 5% is a lot for a car in terms of BTC holdings

Yes, I agree, 5% is really a lot... I initially wrote 1%, but then I thought it may be too little for a luxury car, say $100k, so changed it to 5%.

That's the "problem" with BTC. It's too precious to spend on petty things like cars almost anything really...

It is all relative when you speak in percentages. One man’s 5% is a nuclear powered submarine, while another’s may be a 1996 Honda Accord. There are also considerations like if the vehicle is needed for work or transport, how much time you spend in it, and other possible advantages (maybe you need a car that drives itself or can power your home). Best to not worry about someone else’s vehicle unless it is breaking down and you want to help them.

I am on-board with the idea that everyone is different, and surely it would make a difference if a guy is still in his accumulation stage or if he might already have some authorization for being able to sell since he might have had already reached a status of having enough or more than enough bitcoin.. ...

Maybe we were also assuming that the guy might completely pay for the car outright, yet it might be different if he is spreading the payment over 3-6 years, depending on the available loan terms and even the percentage of the loan.... Sometimes car manufacturers can have 1% to 5% on their loans, yet it is likely that they might not be willing to negotiate the price as much if they are otherwise giving a decently good interest rate on their loan.

Sometimes, I consider the extent to which a guy might be above his fuck you status income to be totally discretionary in regards to being able to use such extra money for whatever reason that he wants.

So for example if a guy has an income level of $80k per year, then right now, he needs to have at least 15.1 BTC.. so then he could buy the car within the income that he already has, yet I personally consider that he could also buy the car with whatever extra bitcoin that he might have. So, maybe if the guy has 20 BTC, then he would have 4.9 BTC to do whatever he would like to do with... and so part of the rationale is that his 15.1 BTC is enough or more than enough BTC for him to carry out his targeted standard of living (which, in this example, is $80k per year plus a 7% increase each year based on the dollar value).

It could also be the case that a guy does not consider his 15.1 BTC to be enough unles it is at least 30% higher than his withdrawal rate, so, then again that would put him at 20 BTC as the minimum  target size of his stash, so then if he has more than 20 BTC, then any amount of BTC above the 20 BTC would be considered excess and within his ability to spend, since his already existing stash of 20 BTC upports his then target withdrawal rate.

So we no longer "when lambo"?

Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.
 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.
 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

I saw in the description that the coins were bought in 2011 at $115 per coin and they were sold around $5,600 per coin, so it can be a bit difficult to hate too much on that - even though BTC's highest price in 2011, or even prior to 2013 was $32, so he must have had bought those $115 coins in 2013.

So, then there could be a question regarding how much of the stash was used to buy the lambo (or perhaps what percent of the stash), and surely it was not even new.. it was in a wreck prior to repurchase.  If he had paid $250k for the used Lambo, then that would still be 44 BTC.. and yeah, I suppose, if he had a couple hundred bitcoin, then that would have had been only around 22% of his coins.. yet going back to the percentage issue versus the question of whether the remaining quantity of coins would  be enough or more than enough to achieve whatever might be the goals of the guy selling the coins.  Even in late 2017, the 200-WMA was only slightly higher than $1k per coin, o there would have had needed to be more than 760 BTC to be at sustainable withdrawal status for $80k per year, even though surely if we were to go by BTC's then spot price, a few hundred coins would have had been enough.. and even prior to 2020, I was using $40k per year and $1 million net worth as entry level fuck you status... We might not have had realized until March 2020 that $1 million networth and $40k per year sustainable withdrawal income was not enough anymore... yet even with the $1million and $40k per year standard, the guy would need a minimum of 380 BTC (after spending the 44 BTC on the used Lambo).

It is amazing how these days the number of needed coins has come down so much... which might even trigger me into thinking that spending 5% of coins for luxury or trivial matters might not be a BIG deal, even if we seem to be going through a lot uncertainty these days and also more and more draconian measures towards the bitcoiners.

Read this thread and tell me who it reminds you of. Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.

You figure out some way to to make any topic about you and how you are so much greater than anyone else...

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

It looks like you (OgNasty) deleted your post while I was responding to it..  Who would-a-thunk that you might have had wanted to rethink your earlier responsive post?

Read this thread and tell me who it reminds you of. Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.

You figure out some way to to make any topic about you and how you are so much greater than anyone else...

I'm recounting historical facts from this website as they pertain to the discussion at hand, including similarities between idiots 12 years ago and idiots now.  Maybe some people aren't as familiar with the stories of users from 12+ years ago.  If you think those facts make me, "greater than anyone else" I fail to see how that is on me.  I'm sorry that you have never done anything in the Bitcoin community but be a leech and you get jealous when actual contributors here are involved in historical discussion.  When are you selling 4% of your stack this year to survive so I can buy it all?  

I have a total of 3 accounts that are mostly managed by other people who are mostly allowed to exercise their own discretion within some of the parameters that I had set (using my bitcoin) that are authorized to sell 4% annualized and authorized to sell every month within the formulas that are associated with the sustainable withdrawal website, so monthly would be about 0.33% ...   Two of the accounts had been active since about September 2022 - and then the remaining account has been active as of late 2024.  You can see what a hypothetical scenario of an account from this post in my sustainable withdrawal thread.  Those are not the actual numbers of the thread, even though they started out with 21 BTC in each of those hypothetical accounts.

One account tends to send to various sub accounts each month (and I had said use or lose in regards to the authorized amounts for each month.. which causes an incentive to spend within that month), and I am not sure the extent to which those sub accounts end up selling their BTC to put them on the market... The recipients are free to do what they want including selling or holding, yet as far as informal reports that I got back, perhaps only less than half of recipient account actually sell decent portions of the BTC after receipt.

A second account is sporadic in the quantity of BTC that is being sold and many months seems to just move the BTC from one account and to another and keeps a lot of the BTC in the other account... but yeah every once in a while that account sells some of the BTC - yet I think that there is internal accounting going on with that account so that fiat is being used in other places and mostly the BTC don't end up getting sold (as I had intended the BTC to be sold, but other people have their own idea about what they want to do in term of their own accounting).

The administrator of the third account seems to not know what to do with the BTC that is authorized, even though the quantity of coins is quite a bit smaller than the first two accounts... So it seem to me that the coins in that third account have not been moving from that third account..

I personally believe that once bitcoin holdings reach overaccumulation status, then those bitcoin holdings could support up to a 10% sustainable withdrawal rate based on the formulas and the 200-WMA valuations that are used for measuring authorized withdrawal amounts, yet of course, the formulas have reductions in the amounts if the BTC price is below 25% above the 200-WMA and they allow for extra (advanced months) withdrawals once the BTC price is at least 33% above the 200-WMA.  

You can see the formulas in the description portion of the sustainable withdrawal tool, looking like this:
>>>>>>When the BTC spot price is at least 25% above the 200-week moving average, then at least 1 month's withdrawal will be authorized; however,

A) if the BTC spot price is between 10% and 25% above the 200-week moving average, then you will be authorized to withdraw for only 90% of the current month's limit.
B. if the BTC spot price is between 0% and 10% above the 200-week moving average, then you will be authorized to withdraw for only 85% of the current month's limit.
C. if the BTC spot price is between 0% and 20% below the 200-week moving average, then you will be authorized to withdraw for only 70% of the current month's limit.
D. if the BTC spot price is between 20% and 30% below the 200-week moving average, then you will be authorized to withdraw for only 50% of the current month's limit.
E. if the BTC spot price is greater than 30% and 35% below the 200-week moving average, then you will be authorized to withdraw for only 40% of the current month's limit.
F. if the BTC spot price is greater than 35% below the 200-week moving average, then you will be not be authorized to withdraw any BTC from the budget.
•(Authorized) Month Withdrawal limit (USD)

This output is calculated based on BTC stash size * Annual withdrawal / 12 (* USD Spot price). Since the BTC spot price is continuing to change, if the monthly withdrawal is not accomplished all at one time, it is best to refer to the BTC authorized monthly withdrawal amount to stay within limits.

•Advanced Withdrawal (No. Months)

This output is calculated based on if the BTC spot price is higher than the 200 WMA. Accordingly:

A. if the BTC spot price is between 33% and 66% above the 200-week moving average, then you will be authorized to withdraw for the current month + an additional month.
B. if the BTC spot price is between 66% and 100% above the 200-week moving average, then you will be authorized to withdraw for the current month + 3 additional months.
C. if the BTC spot price is between 100% and 200% above the 200-week moving average, then you will be authorized to withdraw for the current month + 5 additional months.
D. if the BTC spot price is between 200% and 400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 11 additional months.
E. if the BTC spot price is between 400% and 650% above the 200-week moving average, then you will be authorized to withdraw for the current month + 23 additional months.
F. if the BTC spot price is between 650% and 900% above the 200-week moving average, then you will be authorized to withdraw for the current month + 35 additional months.
G. if the BTC spot price is between 900% and 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 47 additional months.
H. if the BTC spot price is greater than 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 59 additional months.<<<<

I will concede from my own attempts to practice time-based sustainable withdrawal, there have been compliance issue related to three accounts that I had authorized to deploy such withdrawal methods, and I suppose theoretically, I am also authorized to withdraw within those time-based sustainable withdrawal parameters in the event that I come accross any ways that I might want to spend BTC (whether monthly or otherwise), yet since about late 2015, I have been mostly just using funds generated from BTC within price-based sustainable withdrawal, and I have even disclosed that within price-based sustainable withdrawal I have been quite whimpy in my sales, since I have theoretically considered possible sales of up to 10% of the BTC for every time that the BTC price doubles, and maybe I was following something close to that in my earlier years of trying to deploy it, yet little by little the amounts have gravitated downwardly, so perhaps now I might be surprised if I were to sell 3% or even 2% for every doubling of the BTC price.

Also, how is your selling BTC every single year instead of providing some value to society to earn an income better than the people spending BTC on a new vehicle that you criticize?

My selling bitcoin every single year has not been too much of a success, even though ever since around early 2019, I had pretty much authorized myself to figure out ways to sell various quantities of BTC so long as the BTC price was at least higher than $5k, yet I likely was mostly following price-based sustainable withdrawal practices (aka sales) rather than time-based sustainable withdrawals... even though granted, I more likely did not work out the formulas for how to carry out time-based sustainable withdrawal in 2022.  I probably should be attempting to put more of the time-based sustainable withdrawal into practice, especially since the numbers continue to be so great for sustainably withdrawing from bitcoin, and even my sub accounts that are kind of doing such time-based sustainable withdrawal at a 4% rather than 10% rate, are largely showing that there are ways of making such time-based sustainable withdrawal work if any of the participants (even including myself) might get more serious about regularly selling the BTC that is authorized to be sold.  

In the end, some of these ongoing selling matters tend to be easier said than done, since I don't seem to be like you in my excitement to get into dollar, and unlike you, I don't tend to get so excited to be getting into dollars and proclaiming myself to be a bitcoin advocate while getting into dollars... Although, I will say that you do seem to waffle around quite a bit in your own story.. and at some point (not very long ago), you had even said that you were looking at other investments (wasn't it AI-related?), instead of getting back into bitcoin from the supposed dollars that you had supposedly generated from your supposed bitcoin sale(s)..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JustBeKause]

It looks like you (OgNasty) deleted your post while I was responding to it..  Who would-a-thunk that you might have had wanted to rethink your earlier responsive post?

Archive link: https://loyce.club/archive/posts/6655/66550435.html
Saved in OgNasty - Endless Editing: https://bitcointalk.org/index.php?topic=5572127.msg66550853#msg66550853

I'm recounting historical facts from this website as they pertain to the discussion at hand, including similarities between idiots 12 years ago and idiots now.  Maybe some people aren't as familiar with the stories of users from 12+ years ago.  If you think those facts make me, "greater than anyone else" I fail to see how that is on me.  I'm sorry that you have never done anything in the Bitcoin community but be a leech and you get jealous when actual contributors here are involved in historical discussion.  When are you selling 4% of your stack this year to survive so I can buy it all?  Also, how is your selling BTC every single year instead of providing some value to society to earn an income better than the people spending BTC on a new vehicle that you criticize?

The underlined part is most likely the reason he deleted it, @JayJuanGee.

He forgets from time to time he's being sued and that everyone knows he can't be trusted. Good catch by quoting his post.

By the way, @OgNasty, the trade analysis and bitcoin price analysis JJG has provided on this thread and the forum abroad for over a decade at this point, is a greater contribution than you could ever hope to acheive compared to your shitty electric bike, your shitty mining, your shitty coins, and your annoying-as-fuck Tesla shilling. Fuck off.

[xhomerx10]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

Guess I was always grown up, I was being facetious.

 I knew that, I was merely reflecting on our collective past.

[xhomerx10]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

Are you talking about Goat?

https://bitcointalk.org/index.php?action=profile;u=44233

I remember when “Goat” cashed out his 1,000 BTC Casascius coin in 2013 for a million dollars. He went and bought a Lambo and a new house. Pretty sure taxes and expenses caused him to lose both and disappear from this site after being one of the early Bitcoiners. He turned into a troll here and eventually was banned. Don’t be like Goat. He also refused my invitation for a charity boxing match, so I guess he wasn’t completely stupid.

https://bitcointalk.org/index.php?topic=637648.msg7115055#msg7115055 <--- Read this thread and tell me who it reminds you of. Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.

his attacks funded by theymos and the forum!

The similarities are shocking reading this after so many years.

 No, it wasn't goat but thanks for trying to help!  I'm still looking... but google searches seem to have changed for the worse.  It doesn't like to help you with names or people images these days.

[hypebrother]

In the end, some of these ongoing selling matters tend to be easier said than done, since I don't seem to be like you in my excitement to get into dollar, and unlike you, I don't tend to get so excited to be getting into dollars and proclaiming myself to be a bitcoin advocate while getting into dollars... Although, I will say that you do seem to waffle around quite a bit in your own story.. and at some point (not very long ago), you had even said that you were looking at other investments (wasn't it AI-related?), instead of getting back into bitcoin from the supposed dollars that you had supposedly generated from your supposed bitcoin sale(s)..

since coinbase news came, I was thinking about a thread i made earlier with this account: link



this is a flowchart on how to integrate a low-size file of information on BTC_taproot

the trust is maintained by generating the artifact (G) with a secret word or haikus or even random text like collection of BTC pubkey, (any language) that is used by the depth0 trust network. = S

the black almost pentagonal-structure is the depth0 private key, for validating the qr-code/. hologram

And now, [ANN - INFO] Project Icarus: The forum redemption story

and behold, SARA

[OgNasty]

No, it wasn't goat but thanks for trying to help!  I'm still looking... but google searches seem to have changed for the worse.  It doesn't like to help you with names or people images these days.

You’re very welcome. Happy to help. I actually enjoyed the trip down memory lane. Funny how history repeats. Much like the Bitcoin 4-year cycle, trolls follow the same pattern and get the same results as well… Hopefully the fact that there are so many Lambo regret stories keeps people from making the same mistakes in the future.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

So we no longer "when lambo"?

 Initially I think people thought of bitcoin as a windfall and so the "when Lambo" was a flex.  Then we grew up and realized what we were really after was "fuck you" money and "when Lambo" could actually derail that longer term dream.

 Thank you Peter Saddington (bought Lambo at $5600 per coin; generational wealth achievement remains locked) - https://www.youtube.com/watch?v=JGJ_q_mtMFc

 Listen to him justify the Huracan as an everyday vehicle... taking the kids to school my ass - unless one at a time.  You can pick up groceries in a moped ffs.  Oh well, he says he couldn't be happier so good on him.


 edit: I was looking for the Scandinavian dude who bought the Lambo, blew the engine and cried about the maintenance and repair costs.  Can't find it though.

Are you talking about Goat?

https://bitcointalk.org/index.php?action=profile;u=44233

I remember when “Goat” cashed out his 1,000 BTC Casascius coin in 2013 for a million dollars. He went and bought a Lambo and a new house. Pretty sure taxes and expenses caused him to lose both and disappear from this site after being one of the early Bitcoiners. He turned into a troll here and eventually was banned. Don’t be like Goat. He also refused my invitation for a charity boxing match, so I guess he wasn’t completely stupid.

https://bitcointalk.org/index.php?topic=637648.msg7115055#msg7115055 <--- Read this thread and tell me who it reminds you of. Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.

his attacks funded by theymos and the forum!

The similarities are shocking reading this after so many years.

 No, it wasn't goat but thanks for trying to help!  I'm still looking... but google searches seem to have changed for the worse.  It doesn't like to help you with names or people images these days.

You’re very welcome. Happy to help. I actually enjoyed the trip down memory lane. Funny how history repeats. Much like the Bitcoin 4-year cycle, trolls follow the same pattern and get the same results as well… Hopefully the fact that there are so many Lambo regret stories keeps people from making the same mistakes in the future.

Interesting you speak of history. I remember pasting the exact link on your reply earlier with this account.

https://www.youtube.com/watch?v=ipsPgNEmAXI&t=21s

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ESG]

hey guys this F.U.D. is for you all

https://www.yahoo.com/news/articles/trump-prepared-unleash-hell-iran-211827226.html

"Trump prepared to 'unleash hell' if Iran doesn't make deal, White House warns"



When does he stop?

My bigger question is why are we even doing it?

One sub question is why has Scott Bessent been in front of so many microphones concerning this?

This is absolutely forcing the reset of the world order and accelerating the demise of fiat.

I believe we are going to see the bond market implode soon.  So yield is going to skyrocket and interest rates are going to be forced down, which means more borrowing, which means more money created by banksbout of thin air.  A song that's been playing on a loop for 50 years.  But there's not that much time left on the juke box I'm afraid.  And the whole thing comes tumbling down. But this time, not only does the bond market implode, but the stock market is going to go with it, popping the ridiculous AI bubble.

I am starting to believe that it is less than crazy to think that one reason we are doing this at all is to lay the groundwork for the change that they want to make.  The revival of the US dollar into the digital realm and one last hurrah for money out of thin air.

It's getting gross. There's countries that have no more fuel.  People have no idea the depth to which this is going to go, even if they stopped it right this very moment.  Iran has been waiting for this and they're playing their part perfectly. They look strong.

The suffering is going to be more concentrated in the eastern hemisphere, including Europe and much of Asia.  The western hemisphere is going to suffer, too, but we have plenty of oil. We're just going to need to start pumping it out of the ground again.

But the thing that really worries me is the US doesn't actually make anything anymore.  People sit behind computers and mash keys. And AI is going to replace 80% of that most likely.

The whole thing is a house of cards. We've known it for a long time, but I don't think very many people at all are aware of the hardship that lies ahead for the entire world at this point.

And then there are the paths forward.

1. The US foolishly decides to put boots on the ground as if we cannot remember what happened in Iwo Jima when we did the same thing for a small island.

2. We stop this ASAP and somehow reign  in Israel. I think this is least likely.

3a. Some idiot sets off a nuclear weapon.

3b. One side decides to unveil a weapon that has not been seen on the battlefield yet.  This is actually one of the higher possibilities in my opinion.  It could actually play out sort of like the nuclear bombs set off in Japan.

Or maybe I'm just a negative, crazy man that is wrong wrong wrong. That would be the very best of all, honestly.

Anyway, as an American, I do not feel proud of my country in this, though I still want to believe there are some things in the situation room that if we knew would explain why we've put ourselves in this incredibly ridiculous position.  And I am personally sorry that we've dragged the whole rest of the fucking world into it.

And oh yeah, it may not happen at first. In fact, at first, it may drop with the rest of it all but in the end  Bitcoin is going to absolutely rock when this happens.

Well, This video I just saw and came out today, sometimes I spend time watching it,
and today, in this video, it complements very well the subject about
the end of the petrodollar, and explains a thousand times better than I could explain,...
 Well, Iran is charging an average toll of 2M USD per tanker in the Strait of Hormuz,They are charging in petro yuahn, and they also accept yuahn and digital ruble, which are converted into tron-blockchain and go to various addresses, which they withdraw
into yuahn and invest in futures contracts to withdraw yuahn into physical gold...
Well, in this video, he explains in 40 minutes what is happening in the Persian Gulf trade.


https://www.youtube.com/watch?v=XZP36HF23Qk
(Pepe Escobar. Geopolitical analyst and author, foreign correspondent since 1985, in Asia since 1994, living and working between Europe and Asia for three decades.)