Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1815. (Read 26608230 times)
July 08, 2023, 12:01:18 AM
July 07, 2023, 11:01:18 PM
July 07, 2023, 10:03:29 PM
July 07, 2023, 09:35:14 PM
My RIA sent me this. He said Bitcoin to $1m by 2030.
Source.
I am also hopeful that it will be a $1million touch one day.
Source.
I am also hopeful that it will be a $1million touch one day.
July 07, 2023, 09:03:25 PM
July 07, 2023, 08:40:31 PM
With #Bitcoin, it's possible to take an ownership stake in the entire Internet of Value.
This was never possible with the Internet of Information.
This is one of the tricky paradigm shifts new investors must wrap their heads around to understand Bitcoin's full magnitude.
source
This was never possible with the Internet of Information.
This is one of the tricky paradigm shifts new investors must wrap their heads around to understand Bitcoin's full magnitude.
source
- July 07, 2023, 08:04:52 PM
July 07, 2023, 07:50:05 PM
July 07, 2023, 07:47:33 PM
July 07, 2023, 07:43:41 PM
1912 titanic
Now 2023 Titan
All lost forever
But Bitcoin never Lost forever.
July 07, 2023, 07:07:34 PM
July 07, 2023, 07:03:28 PM
July 07, 2023, 06:50:33 PM
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
It still baffles me that people can afford to keep their houses with everything that's going on.. Either prices have to decline or things will go belly up very soon.Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
People with 2.75-4% mortgages are hanging on due to relatively low monthlies, unless their tax bill skyrocketed.
Maybe you did not exactly answer your own question, in regards to "when will the bottom fall out?" if that might be a fair characterization of your question - but aren't the best times to sell homes in the summer, so the end of this selling season comes in August/September, so might it not be fair to consider that a failure of the housing market (such as a bottom falling out) would be more likely to come after August/September rather than during the peak part of the yearly selling cycle?
Real estate fireworks in September or so? Perhaps by August or September, individual owners are starting to realize that their houses are not moving, so they start to get desperate, in the event that they do not want to get stuck in their property for one more year.. so maybe the bottom starts to fall out in August rather than September or later?
I'm just throwing out random ideas. I don't really claim to know much of anything.
July 07, 2023, 06:21:32 PM
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
It still baffles me that people can afford to keep their houses with everything that's going on.. Either prices have to decline or things will go belly up very soon.
In the UK these long term deals never existed. Most people with mortgages are on 2 year deals, some 5 years, and others on 10 years tops.
After that (if you don't or can't renew for another deal) your mortgage rate defaults to an extremely shitty around 3% on top of the Bank of England base rate, which is now 5% so in effect you could possibly pay 8% or higher.
So house prices will have to plummet pretty badly here most likely by the time all these people are on 5-6% (or worse) deals. But this plummet is usually very gradually and doesn't happen quickly. I've seen most people selling trying to hold firm but it just means the properties don't sell at all.
What is baffling here is that most bought homes are actually owned outright.
But that doesn't help countless struggling mortgage payers or renters who are royally screwed over after the terrible financial decisions over the last several years: endless money printing & 2% inflation target to pretend economy is doing better than it is / reaction to Covid / net zero energy bollocks / proxy war in Ukraine / people trafficking
Maybe highlighted simply means that, at least in London, many houses are being bought essentially by the rest of the world (Middle east oil money, Wall Street financiers getting something close to the City, etc, etc).
Well, indeed you can guarantee with the future the UK is facing more and more people will have to rent / house share. I'd guess we've long seen the top percentage of home ownership (around 70% in 2000) and are witnessing further declines, back to how things were in the first half of the 20th century.
Banking so much on making houses look like assets instead of just a home you live in was pretty stupid.
The only saving grace (not really a good one) is massive demography changes ahead with people reproducing much less now.
July 07, 2023, 06:15:13 PM
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
It still baffles me that people can afford to keep their houses with everything that's going on.. Either prices have to decline or things will go belly up very soon.
In the UK these long term deals never existed. Most people with mortgages are on 2 year deals, some 5 years, and others on 10 years tops.
After that (if you don't or can't renew for another deal) your mortgage rate defaults to an extremely shitty around 3% on top of the Bank of England base rate, which is now 5% so in effect you could possibly pay 8% or higher.
So house prices will have to plummet pretty badly here most likely by the time all these people are on 5-6% (or worse) deals. But this plummet is usually very gradually and doesn't happen quickly. I've seen most people selling trying to hold firm but it just means the properties don't sell at all.
What is baffling here is that most bought homes are actually owned outright.
But that doesn't help countless struggling mortgage payers or renters who are royally screwed over after the terrible financial decisions over the last several years: endless money printing & 2% inflation target to pretend economy is doing better than it is / reaction to Covid / net zero energy bollocks / proxy war in Ukraine / people trafficking
Maybe highlighted simply means that, at least in London, many houses are being bought essentially by the rest of the world (Middle east oil money, Wall Street financiers getting something close to the City, etc, etc).
July 07, 2023, 06:09:05 PM
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
It still baffles me that people can afford to keep their houses with everything that's going on.. Either prices have to decline or things will go belly up very soon.
In the UK these long term deals never existed. Most people with mortgages are on 2 year deals, some 5 years, and others on 10 years tops.
After that (if you don't or can't renew for another deal) your mortgage rate defaults to an extremely shitty around 3% on top of the Bank of England base rate, which is now 5% so in effect you could possibly pay 8% or higher.
So house prices will have to plummet pretty badly here most likely by the time all these people are on 5-6% (or worse) deals. But this plummet is usually very gradually and doesn't happen quickly. I've seen most people selling trying to hold firm but it just means the properties don't sell at all.
What is baffling here is that most bought homes are actually owned outright.
But that doesn't help countless struggling mortgage payers or renters who are royally screwed over after the terrible financial decisions over the last several years: keeping interest rates ridiculously low for 15 years / endless money printing & 2% inflation target to pretend economy is doing better than it is / reaction to Covid / net zero energy bollocks / proxy war in Ukraine / people trafficking
The government's reaction & supposed help for mortgage payers so far is to "have struck a deal with banks" to make sure they can switch struggling mortgage payers to an interest only mortgage for a while.
I believe this is a load of nonsense as this type of stuff was quite often available anyway as banks can't be bothered with repossessions if they don't have to go down that route and an interest only mortgage simply means you are a slave for longer to a bank, you will still have to pay off your house eventually or sell it and hope you don't have negative equity.
July 07, 2023, 06:02:05 PM
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Bitcoin is the ONLY thing that can protect your buying power in a long run (unless you want to lug bricks of yellow metal and even then only until asteroid mining is in full swing) and it is getting clearer to more and more people (the only exceptions are tech industry insiders).
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Bitcoin is the ONLY thing that can protect your buying power in a long run (unless you want to lug bricks of yellow metal and even then only until asteroid mining is in full swing) and it is getting clearer to more and more people (the only exceptions are tech industry insiders).
You don't really believe that gold is any kind of meaningful competitor to bitcoin, even if we were to try to take away the difficulties in it's physicality? And I am not sure what you mean by any kind of a supposed advantage happening with "tech industry" insiders? Are you saying that there are some tech stocks that are particularly UP or have upside potential? You are not suggesting that Tech industry insiders are any more enlightened about bitcoin than average normies?.. perhaps there is some kind of industry that is out performing inflation, and you are suggesting that tech industry insiders are profiting from that kind of outperformance?
Sure, your overall point about where to put your value? apart from bitcoin? and there may be some industries, I suppose, and now that I am thinking about it.. you are suggesting that the "tech industry insiders" are investing into AI? and likely profiting from that and outperforming other aspects of the overall market, including outperforming our current (and recent) cost of living increase levels?
yea, tech industry insiders knew about a connection between AI and GPU, hence Nvidia, earlier than regular folks (NVDA is 100X in the last 10 years, roughly similar to bitcoin).
I, personally, thought that AMD and NVDA would crash and burn when mining through GPUs ceased to be a factor, but they thrived on AI usage instead (people were building up their GPU farms). I don't think it was feasible for non-insider to know this, albeit maybe it is just my fallacy as an investor that I did not figure that out.
Albeit, every 'era' produces a few companies where you can get 100-1000X appreciation in a decade or two.
Sometimes people like Peter Lynch say: see what you like and invest in it. It worked for me in some companies, but absolutely did not work with Tesla.
I was on the waiting list for Model 3 (it turned out to be completely meaningless since there was no priority), but then went to a showroom and absolutely f-g hated Model 3 (liked model S, but decided to go with a gasoline car after all). As a result, I did not invest in Tesla at that time despite planning to do so beforehand. The rest is history.
Gold is not for me, even without asteroid mining...I don't even like it's "shining" qualities.
TL;DR investment is difficult and your personal choices/values could play a "trick" on you.
July 07, 2023, 06:01:18 PM
July 07, 2023, 05:49:12 PM
With #Bitcoin, it's possible to take an ownership stake in the entire Internet of Value.
This was never possible with the Internet of Information.
This is one of the tricky paradigm shifts new investors must wrap their heads around to understand Bitcoin's full magnitude.
source
This was never possible with the Internet of Information.
This is one of the tricky paradigm shifts new investors must wrap their heads around to understand Bitcoin's full magnitude.
source
Yes, that's why Silicon valley almost completely missed out on bitcoin (with some exceptions).
They were thinking that bitcoin is like Myspace, to be replaced with a better version later.
July 07, 2023, 05:33:27 PM
That's a very cornie expression....
Corn up corneroos? 
So many guys (and gal) want "stable" and we are kind of doing stable right now, even though we already should know and appreciate that overall we cannot expect bitcoin to be stable in longer time-frames, and BTC prices can move in either direction, and rapidly.. .. so shouldn't we be happy/content/accepting with any kind of "stable" that we are currently experiencing for however, long that such stable might last?
*Its a facetious way of predicting the bart.
Bart in which direction?
Are you sure that it's not a facetious way to quote ur lil selfie over and over and over? a favorite past-time of some peeps in these here parts... not even completely excluding my lil selfie from this observable behavior
I will concede that overall, it's not really a bad way of visualizing the point.. .. in terms of anticipating some kind of a likely explosive outcome sooner or later - but still not really knowing which direction.. or when.
I think Bitcoin is now up train. We are in bull market. Few days ago bitcoin price was near about $25k but now bitcoin price is $30+. I think now bitcoin price will increase continuously. Because It's usability and popularity increasing day by day. And huhe big big investor involving and investing on Bitcoin. Elon Musk continuously buying Bitcoin so Bitcoin price will increase it is normal. Huge good news are coming so we can easily tell bitcoin price will increase in future.
But why specifically mention Elon, aka that twat?
Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Bitcoin is the ONLY thing that can protect your buying power in a long run (unless you want to lug bricks of yellow metal and even then only until asteroid mining is in full swing) and it is getting clearer to more and more people (the only exceptions are tech industry insiders).
Who's able to buy apart from cash buyers?
Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902
Bitcoin is the ONLY thing that can protect your buying power in a long run (unless you want to lug bricks of yellow metal and even then only until asteroid mining is in full swing) and it is getting clearer to more and more people (the only exceptions are tech industry insiders).
You don't really believe that gold is any kind of meaningful competitor to bitcoin, even if we were to try to take away the difficulties in it's physicality? And I am not sure what you mean by any kind of a supposed advantage happening with "tech industry" insiders? Are you saying that there are some tech stocks that are particularly UP or have upside potential? You are not suggesting that Tech industry insiders are any more enlightened about bitcoin than average normies?.. perhaps there is some kind of industry that is out performing inflation, and you are suggesting that tech industry insiders are profiting from that kind of outperformance?
Sure, your overall point about where to put your value? apart from bitcoin? and there may be some industries, I suppose, and now that I am thinking about it.. you are suggesting that the "tech industry insiders" are investing into AI? and likely profiting from that and outperforming other aspects of the overall market, including outperforming our current (and recent) cost of living increase levels?
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