Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1820. (Read 26608321 times)

Explanation
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Explanation
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I guess Tone Vays is bitter that hodlers make more money compared to him trading and selling courses

The only one-size-fits-all solution I see is the legislative approval of bitcoin for citizens. All other decisions are purely individual. If bitcoin is banned in the country, then waiting until everything is resolved right at home can be too long. The whole country will not be able to move, and there is no point, because then the government would have to listen and allow bitcoin in that case.

But the individual solution may be different. If the accumulated capital allows, then the passport will not be an obstacle. If some years ago, 10 thousand bitcoins could only buy a little pizza, now El Salvador offers a residency by investment program, where it is enough to invest only 3 bitcoins in the country. As the price of bitcoin rises, it is likely that a smaller fraction of bitcoin can become significant capital.

Of course, it's hard to be sure, but I think a lot of people on this forum are pinning their hopes on bitcoin for a better future. Why not?

Explanation
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Anybody else finds this to be outrageous that a government institution has more than 6 months to give an answer? It's not like there's 1 guy working there who has to go through 1000 pages of filings. There's an army of clerks and assistants with computers, who could go through a filing and write an answer within a week.
I'm not a fan of Black Rock, but the SEC is trying so hard to be as annoying and as lazy as possible. Some of these people are earning more than 100k each year farting in their chairs all day and then 8 months later they call the company to say "You know what? You forgot a few commas in there and missed a capital letter, so we're denying it, good luck next time!"


I'm more amazed that we live in a world where more unemployment is somehow good news.



3k? Last time I saw him (in 2022) he was saying that it's somewhere between 10 and 12k. But then, Tone Vays was calling for 1k bitcoin in 2020...
Bears will be bears.

Btw

Van Aert riding a good tour imo

Doesn't seem boring to this here cat.  Fewls pretty good. 

Think about it.

We have had a year to accumulate.. so surely we are not in a bad place.

Down before UP?

Up before down?

Up before Up?

How would yours truly truly know? 


#askafiend?



Protip: Trying to pee pare my lil selfie for any of the scenarios.. of course with a wee bit of an UPpity bias - as seems to always be the preference for those of "us" who are largely HODLing cornz.. rather than fucking around with other likely to be less sane strategies.


Oh gosh..... Don't do that!!!!!!!!!!


Of course, you have to figure out your own path in terms of the extent to which you believe that laws are just or even regarding how you might interpret the laws and your role in society as a citizen.. and surely governments should have mandates to be acting within the interests of citizens, but sometimes they are not exactly even-keeled in their own propagation of rules or their ways of talking about what they are doing (or trying to do) might not exactly match with their rhetoric.. in regards, to some governments (government officials) actually lie to their citizens, if you had not realized that way of the real world.


And we would likely be dumb and/or short-sighted if we are trying to figure out our own BTC holdings, accumulation of BTC or preparing for UPpity merely based on what we think that the Fed may or may not do... since dee cornz is not exactly a correlated asset, if you had not noticed.   

Explanation
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How’s the new threads game going guys?

I think I’m following some of you guys on twitter. Have you joined threads?

It’s less than 24 hours it has already crossed 40 million users.



P.S. No privacy lectures please  

It’s understood if something is free, we are the product.

$22k seems to be the new $3k (at least for some people.. aka low coiner, no coiners, bitcoin naysayers, those who sold too many coins too soon and praying for downity that may or may not happen)...

Sure, it is becoming more and more likely that the $15,479 bottom (from November 2022) is in, and of course, not even that is guaranteed.. but we still have folks who are "counting on" decent sized dips that may or may not happen. 

There's nothing wrong with having fiat available for dips down to $22k or even lower prices (such as our current $15,479 bottom), but placing too much hope in those kinds of Downity prices playing out may well be a fools errand, and likely it is not good to be overly hoping for down - when it is also possible that we might never see sub $30k again.. and surely the higher the target BTC buy price (or the closer that the target BTC buy price is to the current price) then the higher the odds that we will see those higher prices again.. but being greedy and expecting down before UP might not be a strategy that is going to work - even though historically we have seen guys profit from Down before UP predictions, but we have also seen guys get reckt and having to chase the train because they insufficiently/inadequately prepared for UP while they were cheerleading so heavily for DOWN.

Gosh.... think about it, we have had more than a year to be accumulating BTC at prices that have mostly been below our current BTC price of $30.3k - and even you BTCaesar have had more than 3 years in BTC (if we go by your forum registration date), and if you had been consistently buying BTC for that whole time, you would surely be in a decently good position right now - and perhaps even better if you had front loaded your investment.. but even a consistent $100 per week would have caused you to spend around $16.7k and you would have a bit more than 3/4 of a bitcoin with 0.7551 BTC.

Explanation
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Most people don't realize a lot of these rate hikes are a bailout for USA long term care industry.

The industry is very restricted in how they invest premiums and over the years the low fed bonds have crushed them.

The USA gov does not want to explain this to the public and you do not hear or read a lot about this 5 trillion dollar industry.

Since my bro-in-law got sick and has really really really really good policy coverage I got into reading about the entire industry.

In Nov-Dec 2021 and Jan 2022 fed bonds were next to nothing and every major company in LONG term care industry was next to bankrupt. Here we are Just about 18 months later all steady rate increases and the industry is recovering.

They need 2 more jumps July and Sept then flat or pivot by the fed for the the last 2 this year.

They will allow them to have there moneis ready to pay the aging baby boomers that are owners of these policies.

You won't find much about this anywhere but here on the WO from me.

I have more data and posted on this on the WO more than once.

Think of the baby boomers as the very large lump in a big snake as time moves on the lump will shrink and the long term care company won't need a high rate bailout for a decade or more.

I am lazy and could show all the numbers but just do research on 2 major company Say Genworth LTC and John Hancock LTC

Look are the bankruptcy risk analysis for them in

Dec 21
Dec 22
July 23

you will find both of them are now much better off the fall of 21

all due to rising rates.

The gov actively tries to force large money to move around by fucking with the rates.

Aren't they all?






Enjoying himself offline.

---

Reporter (at Nathan's Hot Dog eating contest)..."Congratulations Joey!..16 Mustard Belts. How do you feel with Mother Nature and rain coming in here?

Joey... (in his mind, after scarfing 62 hot dogs) "Mother Nature is calling actually, where's the men's room?"

https://youtu.be/5AI5nCkE1xM?t=595


GO BITCOIN

Explanation
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That ADP jobs report was total bullshit.

High paying jobs in finance and tech sectors actually decreased.

Minimum wage jobs and temp work at summer restaurants, theme parks and resorts don't count.

Those jobs will vanish again when summer is over.

Plus I'm sure the total jobs number was padded like hell.

The Fed just wants to justify more rate hikes, that is all.