Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2050. (Read 26630344 times)

Explanation

Indeed, it is very good for the sport that mostly seemed to have featured British dinosaurs recently and needed something fresh quite badly.
It might change things quite a bit like what happened after Raymond van Barneveld's first major win in darts.

But to be fair, if anyone of those British dinosaurs deserves another win, it probably IS Mark Selby. A very worthy runner up.

You (vroom) are likely NOT wrong about the factual assertion of which a large number of normies fail/refuse to adequately save and/or invest; however, the fact that normies fail/refuse to invest does not logically lead to a conclusion that they are either conservative or disinclined to gamble with whatever level of savings/investments that they end up making.

It seems to me that we can make reasonable inferences that normies tend to gamble a lot, and even the incentives of our current debt-laden (and inflation-laden) system contributes towards inclinations to gamble rather than to save (especially when there are ideas that dollars do not hold their value and even questions about whether there might be some other places that value can be placed in order to soundly store value)... hence part of the rationale as to why the vast majority of normies who even have any investments would be through equity that they might have in their residential property and/or perhaps 401ks to the extent to which they might have had employment that had offered such packages - since many employers do not even have pensions anymore, as they more frequently had pension plans 20-50 years ago... there are still some employees with pension plans, but maybe those are almost ONLY government workers and some BIGGER companies who had not gone down the rug-pulling road - in terms of either offering those kinds of pension benefits or running those pension benefits to the ground... and perhaps not even the fault of the companies to have had to end up not preserving the financial solvency of their pension plans...

the whole system incentivizes gambling.. which is part of it's flaws that bitcoin likely helps to fix since the incentives in bitcoin are seemingly way more solid.. at least so far.. and at least as long as none of us are mixing up bitcoin and speculating that bitcoin and "crypto" is the same because if we devolve into thinking that bitcoin and crypto is the same gambling paradise kind of a thing, then we likely end up losing the plot and falling back into not being able to see how bitcoin offers better incentives than our current falling apart system that has been snowballingly rolling into higher and higher levels of catastrophes-waiting to happen... just a matter of which ones next... which personally I don't have many joys in witnessing those ongoing catastrophes except for realizing that some of us have seen bitcoin as part of the rescue boat path .. and surely more and more normies are likely becoming more and more aware of bitcoin as a possible rescue path as long as they do not fuck up too much by trying to treat bitcoin in the same kind of gambling ways or even to overly jump into it.. without trying to make sure that they can survive in both worlds, so long as they can still be aggressive into bitcoin.. but careful not to become overly aggressive.. and to be able to recognize the difference between being aggressive and overly aggressive.. for the good of their lil selfies... present company included. 

Congratulations  🇧🇪 well deserved

https://www.mirror.co.uk/sport/other-sports/snooker/breaking-luca-brecel-wins-worldchampionship-29862603

Explanation

nowadays not many people have savings and if they have some they just don't want to gamble with it. investing in whatever is like gambling for most people.

Explanation

Explanation

hmmm...PACW is down 9%, PNC is down 6%, a whole bunch is down 2-4%.
PACW is relatively tiny with deposits at 41b, but PNC has/had 436 bil as per last earnings 16 days ago, don't know right now.
I dunno what to make of all?
Cramer and J. Dimon say that it is OK now.


my read is that he is buying stuff with a huge discount and by doing so helping his own balance sheet; no wonder that PNC, which did not get the "goods", is declining 6% today.

I am not sure how it all relates to bitcoin.
I listened to a long P. mcCormick/Jeff Booth podcast ( https://www.whatbitcoindid.com/podcast/why-deflation-is-the-key-to-abundance ) and they were saying that even in nations with 100% yearly inflation, most of the populace still stays in the system and only a small % choose bitcoin.

Blame it on inertia, on being uninformed, etc., but it is a sad truth for now.

So one of the biggest trolls out there Jamie Dimon, who apparently is paid 35 million a year just to act like a buffoon on the Internet and spew lies about bitcoin is buying the dead bank.

The official reason for the purchase was to protect the industry and restore trust. How is the purchase of a bankrupt bank going to restore trust in the system? They are covering a dead guy with a blanket and saying it's all right, we'll take care of it, he's not dead, he's taking a nap!

Interesting piece by Reuters:
"I don’t believe this is similar to 2008 since that was a much more macro-leveraged situation around credit. I would note there have been 562 bank failures since 2001 or an average of 26 per year."
https://www.reuters.com/business/finance/jpmorgan-buys-first-republic-banks-assets-2023-05-01/

Don't worry folks, it's not that bad because we're losing 26 banks a year. Does it mean that if we lose JP Morgan it's not going to be a crisis as long as we stay below the yearly average?
So, who's next?

Explanation

gives you time to dip buy.

your anniversary in AUGUST?

dude we are in a hurry here. do you happen to have, like, um, say a cough side squeeze cough with a sooner anniversary??

just askin

Explanation

Explanation

Explanation

Yeah Fed crushes yet another bank.

Looks like recession/crash is only a few months away.  

Pivot will come after my  anniversary in August.  So we get BTC rally in sept?

Fixed your post. 

Explanation