Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1864. (Read 26609864 times)
June 26, 2023, 05:04:54 PM
June 26, 2023, 04:01:21 PM
June 26, 2023, 03:32:33 PM
OK, what's the FUD this week?
FTX drama all over again. Debtors just recovered 7 billion USD.
Quote
Debtors have recovered approximately $7 billion in liquid assets from FTX, according to new court documents.
FTX debtors recover $7B, say investigation has been ‘extraordinarily challenging’
I doubt they have much Bitcoin to sell
June 26, 2023, 03:03:25 PM
June 26, 2023, 02:31:38 PM
June 26, 2023, 02:20:08 PM
Whatever effect brrr has, it takes years if not decades to play out.
With the electorate that cannot put two and two together, the effects are unclear.
Of course, 'hiding' in bitcoin provides some solace.
Gov debt is at 30+ tril, right?
Now, imagine it at 40 tril...basically the "same" thing.
Then, 50 tril....same vibe.
It works until it doesn't....but it is unknowable when that happens.
I can see some situation developing in maybe 10 years, though, as by then the Trust fund for social security would be depleted (google it, projected numbers are from 2032-2034) and boomers would "suddenly" lose 20-24% of their social security payments. That would be a "joke" millennials could play on them in lieu of "making" most of real estate unaffordable.
With the electorate that cannot put two and two together, the effects are unclear.
Of course, 'hiding' in bitcoin provides some solace.
Gov debt is at 30+ tril, right?
Now, imagine it at 40 tril...basically the "same" thing.
Then, 50 tril....same vibe.
It works until it doesn't....but it is unknowable when that happens.
I can see some situation developing in maybe 10 years, though, as by then the Trust fund for social security would be depleted (google it, projected numbers are from 2032-2034) and boomers would "suddenly" lose 20-24% of their social security payments. That would be a "joke" millennials could play on them in lieu of "making" most of real estate unaffordable.
That's only if you look at the US as a standalone country.
In reality the whole world is in debt and they know it's real and hard-hitting because they start to make up shit to appease the public. EU Central Bank Chair said that inflation is high because of global warming and war in Ukraine, but forgot to mention how much they printed during Covid.
In the US it was going to shit since W. Bush and Obama multiplied the country's debt. Then Trump had a great idea to lock down the country... Now Biden is sending money to Ukraine while Powell is trying to scare people by rising rates. It's not going to work!
That said, we don't really need the country to go bankrupt for bitcoin to shine. I've read today that in response to BlackRock, HSBC has launched a bitcoin ETF. It starts to feel like a race.
June 26, 2023, 02:10:27 PM
It works until it doesn't....but it is unknowable when that happens.
We don't know when, but we know what will happen. As usual, they will announce that a global universal crisis has come, the efforts of the whole nation must be made in order to overcome it. The rich will become richer, the poor will become poorer. And everything will continue as it was before.
Fiat currencies are good for governments in that you don't really have to answer to anyone for devaluation. It is enough to make a few populist statements. It's great, right?!
If you are not a government, then it is better to stock up on bitcoins in your wallet in advance. So, just in case.
June 26, 2023, 02:01:17 PM
June 26, 2023, 01:49:58 PM
OK, what's the FUD this week?
FTX drama all over again. Debtors just recovered 7 billion USD.
Quote
Debtors have recovered approximately $7 billion in liquid assets from FTX, according to new court documents.
FTX debtors recover $7B, say investigation has been ‘extraordinarily challenging’
That is close to 75%. Impressive now lets see how it takes for it to be paid out.
June 26, 2023, 01:44:18 PM
Whatever effect brrr has, it takes years if not decades to play out.
With the electorate that cannot put two and two together, the effects are unclear.
Of course, 'hiding' in bitcoin provides some solace.
Gov debt is at 30+ tril, right?
Now, imagine it at 40 tril...basically the "same" thing.
Then, 50 tril....same vibe.
It works until it doesn't....but it is unknowable when that happens.
I can see some situation developing in maybe 10 years, though, as by then the Trust fund for social security would be depleted (google it, projected numbers are from 2032-2034) and boomers would "suddenly" lose 20-24% of their social security payments. That would be a "joke" millennials could play on them in lieu of "making" most of real estate unaffordable.
With the electorate that cannot put two and two together, the effects are unclear.
Of course, 'hiding' in bitcoin provides some solace.
Gov debt is at 30+ tril, right?
Now, imagine it at 40 tril...basically the "same" thing.
Then, 50 tril....same vibe.
It works until it doesn't....but it is unknowable when that happens.
I can see some situation developing in maybe 10 years, though, as by then the Trust fund for social security would be depleted (google it, projected numbers are from 2032-2034) and boomers would "suddenly" lose 20-24% of their social security payments. That would be a "joke" millennials could play on them in lieu of "making" most of real estate unaffordable.
June 26, 2023, 01:34:23 PM
OK, what's the FUD this week?
FTX drama all over again. Debtors just recovered 7 billion USD.
Quote
Debtors have recovered approximately $7 billion in liquid assets from FTX, according to new court documents.
FTX debtors recover $7B, say investigation has been ‘extraordinarily challenging’
June 26, 2023, 01:02:29 PM
OK, what's the FUD this week?
The FUD is that the price of dee cornz does not always go up in a straight line.
June 26, 2023, 01:01:22 PM
June 26, 2023, 12:59:33 PM
OK, what's the FUD this week?
Money printer still going Brrr at +$56B USD per day since we blew the debt limit.
Over $700B printed in the last couple weeks.
Buckle up, buckaroos.
It's going to get worse before it gets worse.
June 26, 2023, 12:48:35 PM
Negativity?
You were much more fun when you
Were still drinking booze.
You were much more fun when you
Were still drinking booze.
Honestly, I'm just fucking around with the zero, shit. I had Peña on the mind.
...speaking of which, maybe I was more fun to myself on booze, but a monster to everyone else.
Can trace the genetic "curse" back about 4 generations. Both sides of the family in differing forms. No use fighting your biology.
Have found peace returning to ranch life, despite the stresses of that project.
Be good to yourselves. You only get this one life.
EDIT: Conjure One - I Don't Want To Go There
To appreciate life you have to value it first and understand Its importance and that is only possible if you overcome your lows and dark side of life , and if for that you need any treatment that is not a bad option.
You have only one life with you make sure to make the most of it.
June 26, 2023, 12:10:03 PM
OK, what's the FUD this week?
June 26, 2023, 12:01:18 PM
June 26, 2023, 11:41:15 AM
my first new Haiku
I did rule five seven five
but it kind of sucks
I did rule five seven five
but it kind of sucks
My second haiku
Hoping to do better than
The first poor attempt
My third haiku done
I may be getting better
Than the first two done
My haiku theme will be
To count them up way past four
Goal is all time high
when numbers approach
more than seven syllables
how far can this go?
#haiku
five hundred fifty
plus sixty-nine thousand is
all time high baby
June 26, 2023, 11:03:25 AM
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
June 26, 2023, 11:03:14 AM
I realized $31.3K was the highest in the last 52 weeks!
Are we preparing for a big rally?
Where is proudhon?
Are we preparing for a big rally?
Where is proudhon?
I think he stepped into another dimension with last year's post:
Just re-ran my scientific models. The price of bitcoin will not sustain more than 3 consecutive days above $20k for the rest of the year. Next year there is a 96% chance that the price will not sustain 10 consecutive days above $20k for all of 2023.
It seems this guy is not proudhon anymore of himself.
It would be best if you gave him a chance to be back again.
Probably working on some Mcdonald's to accumulate some fiat and buy Bitcoin but afraid to say that he loves Bitcoin
I won't mind if someone changes their path turn into a Bitcoiner.
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