Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2002. (Read 26709145 times)
June 02, 2023, 12:03:26 PM
June 02, 2023, 11:04:52 AM
June 02, 2023, 10:33:06 AM
Stocks are cheering this morning as the debt agreement seemingly was an all clear sign to fire up the printer. The debt ceiling deal was a bad one and it's back to business as usual. While stocks have been rallying hard on the news, crypto hasn't joined this party yet. I imagine at some point the rubber will hit the road and the crypto markets will rally as well on this news, but for now I find it a bit odd that they aren't. Likely, some fund money is moving from crypto back into stocks as they see the debt deal as an all clear sign to get back to their buffoonery.
June 02, 2023, 10:28:25 AM
Hey Wo Guys! It's time to vote for your favorite Pizza. Make sure you check all three channels to check 113 Submissions.
The Contest Is over! It's Time to update the Pizza gallery.
** The Gallery Format stolen from ChiBitCTy
Thanks, fillippone for sorting out the first column issue.
This is all 113 Submissions in one Gallery. I skipped some Submissions, and the reason is explained in this post. Feel Free to check the detailed explanation. Everyone is Supposed to submit their Submission On the Discord Server. But, Some of us didn't. So, I worked with Cyrus to gather them all On the Discord Server.
Note From Cyrus: Due to smashing our previous 50 pizza record from pizza-day-event-2022, we hit an arbitrary Discord limit of 50 pins/channel. Thank you to everyone that participated and to theymos, Betnomi, @John Abraham and, of course, Laszlo for buying those pizzas!
Please check All three Channels of the Pizza Day event 2023 and vote.
Channel 1: pizza-day-2023-1 https://discord.com/channels/708770300199698526/1110277685940342844
Channel 2: pizza-day-2023-2 https://discord.com/channels/708770300199698526/1114018625490264164
Channel 3: pizza-day-2023-3 https://discord.com/channels/708770300199698526/1114040578510962788
The Contest Is over! It's Time to update the Pizza gallery.
** The Gallery Format stolen from ChiBitCTy
Thanks, fillippone for sorting out the first column issue.
This is all 113 Submissions in one Gallery. I skipped some Submissions, and the reason is explained in this post. Feel Free to check the detailed explanation. Everyone is Supposed to submit their Submission On the Discord Server. But, Some of us didn't. So, I worked with Cyrus to gather them all On the Discord Server.
Note From Cyrus: Due to smashing our previous 50 pizza record from pizza-day-event-2022, we hit an arbitrary Discord limit of 50 pins/channel. Thank you to everyone that participated and to theymos, Betnomi, @John Abraham and, of course, Laszlo for buying those pizzas!
Please check All three Channels of the Pizza Day event 2023 and vote.
Channel 1: pizza-day-2023-1 https://discord.com/channels/708770300199698526/1110277685940342844
Channel 2: pizza-day-2023-2 https://discord.com/channels/708770300199698526/1114018625490264164
Channel 3: pizza-day-2023-3 https://discord.com/channels/708770300199698526/1114040578510962788
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June 02, 2023, 10:16:28 AM
... Brace for a big old collapse that is going to make 2007-2009 look like a walk in the park.  June 02, 2023, 10:04:57 AM
June 02, 2023, 09:03:28 AM
June 02, 2023, 08:01:19 AM
June 02, 2023, 07:40:57 AM
If I have to describe in one sentence the price action in 2019 and 2020 it would be "The battle for 10K". I'm just curious which will be the new 10K for 2023 and 2024 - 30K, 40K or even 50K? My guess is 40K. My guess is $29,900 will become the new $9,900. It'll go sideways for what seems like forever, occasionally teasing > $30k only to get squashed down over again and again.  ^^^^^^^^^^^ Hot take: We are here, and my estimate is that we will remain in this range, barting up and down, throughout 2023 and possibly into 2024. Don't see any reason on the horizon for that to change until closer to halving. There will be a number of 'head fakes' along the way. The only thing that could really alter this range bound is if Fed rates dropped by at least 2% or more. Oh lookie, we still here. Same price range, different day. Get used to it guyz.... June 02, 2023, 07:01:23 AM
June 02, 2023, 06:55:00 AM
Does anyone in the WO's community have a lucky number of 9 or 19?   No but 21 X 106 is one of my faves. June 02, 2023, 06:42:36 AM
https://bitcoinnews.com/bitcoin-price-volatility-uk-inflation-problems/ "Inflation in the U.K. remains stubborn, leading to suggestions that the Bank of England will raise interest rates further. Prolonged high rates are expected to cause significant volatility in asset prices, including bitcoin." Isnt it wrong... Low interest rates drive crazy boom and bust cycles. Lower interest rates are more dangerous for economy and assets including cryptocurrencies. Both are terrible. Regardless, the retail banks in the UK are taking no notice of higher interest rates when it comes to offering good products for savers at the moment. Which means they are in fact nullifying the whole higher interest rate tool by the Bank of England. Classically from a retail banking pov: High interest rates: keep your money in the bank, it's a better option, save, spend less. Low interest rates: Spend everything, there is no return keeping it in the bank. The top option doesn't work properly if inflation is higher than the interest rate (which it still is in the UK) and it especially doesn't work when retail banking refuses to play ball. ------- Finally the propaganda media in the UK are accepting that there is at least a problem with house prices. In my area I've seen 1 house shift in the last year. Usually there would be between 10-20 per year. Brace for a big old collapse that is going to make 2007-2009 look like a walk in the park. im considering the country i live (which is about to bankrupt) when i was posting it. . as the president here insist in reducing the interest rates tellin "lower interest rates for mean increased production" but it gets worse and worse. 80% inflation. (its official inflation. meat, milk products etc are already three times more expensive comparing to 1 year ago). June 02, 2023, 06:09:02 AM
Bybit Exchange Pulls Out Of Canadian Markets Due To Regulatory Shifts Due to recent regulatory changes Bybit Exchange has announced its decision to cease operations in Canada following in the footsteps of Binance and OKX. Stricter measures by the Canadian government including a pre registration process and a ban on leveraged trading prompted Bybit to suspend its service and ban deposits and new registrations from July 31. Users are advised to close their positions before September 30th. All remaining positions will be liquidated for withdrawal of funds. @JayJuanGee why do you keep meriting this trash? You're just encouraging spammers to mindlessly shit in here. Some of them, like this one, buy old Bitcointalk accounts then come here for your easy merits. This account nlovric belonged to an extraordinarily intelligent individual, now it belongs to a merit farmer. You keep meriting him, he keeps coming back for more. You're teaching him that spamming pays. I wonder if merits could simply be turned off for the WO thread. I would rather see 10 ChartBuddy posts in a row than these sad solicitations for charity. June 02, 2023, 06:03:27 AM
June 02, 2023, 05:24:16 AM
U.S. Senate Passes Debt Ceiling Bill
The U.S. House of Representatives and Senate passed a bill to raise the debt ceiling with bipartisan support from Democrats Republicans and independents. The bill is currently awaiting President Joe Biden signature to prevent a possible default and its negative impact on the economy and world markets. The Senate rejected all proposed amendments to ensure a quick resolution and avoid further complications. June 02, 2023, 05:14:11 AM
https://bitcoinnews.com/bitcoin-price-volatility-uk-inflation-problems/ "Inflation in the U.K. remains stubborn, leading to suggestions that the Bank of England will raise interest rates further. Prolonged high rates are expected to cause significant volatility in asset prices, including bitcoin." Isnt it wrong... Low interest rates drive crazy boom and bust cycles. Lower interest rates are more dangerous for economy and assets including cryptocurrencies. Both are terrible. Regardless, the retail banks in the UK are taking no notice of higher interest rates when it comes to offering good products for savers at the moment. Which means they are in fact nullifying the whole higher interest rate tool by the Bank of England. Classically from a retail banking pov: High interest rates: keep your money in the bank, it's a better option, save, spend less. Low interest rates: Spend everything, there is no return keeping it in the bank. The top option doesn't work properly if inflation is higher than the interest rate (which it still is in the UK) and it especially doesn't work when retail banking refuses to play ball. ------- Finally the propaganda media in the UK are accepting that there is at least a problem with house prices. In my area I've seen 1 house shift in the last year. Usually there would be between 10-20 per year. Brace for a big old collapse that is going to make 2007-2009 look like a walk in the park. June 02, 2023, 05:08:32 AM
I do not understand this move. Hong Kong is no longer independent. It is just an island off China. China was so against it, against crypto. And now it is being allowed? I do not get it. It's not the first time that China has used a formally different jurisdiction of Hong Kong to experiment with something or to do some business ostensibly on behalf of Hong Kong's private banks. Hong Kong for them is like a big sandbox in which they build sand castles, which can then just as easily be destroyed. June 02, 2023, 05:03:26 AM
June 02, 2023, 04:25:59 AM
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