Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2914. (Read 26719591 times)

Just another day, just another HODL.

Last time CPI data came out it dumped then recovered.
Will assume it will do the same just slower because of the way the economy across the globe are all the sh***er right now.

But having bitcoin at mid $18k is troublesome.

Crypto winter has truly begun?

Might be time to buy up those aCORNs harvest like squirrels when it starts getting cold.

were is that number from?

edit here:




The core number is really bad

0.6 jump to 6.6

Explanation

+1

CPI 8.2%... Probably another increase of 0.75 (or 1.00) by the FED in 1 month...

History will repeats again and we will see a final capitulation with a bottom between middle november and december 2023 ? We will know soon..

CPI not great. BTC might take out the lows at some point soon.

This might set off the acute crisis, credit markets were already breaking before this. Interesting to see what happens in the UK.

Bank of America study finds young investors are betting on #bitcoin    …



newsroom.bankofamerica.com//content/newsr…

 Merci 

Explanation

If you're still colonized by third party in handling what belongs to you then i think you need to learn from Kayne West experience as he experience closure of account with JP Morgan because of lack of insurbodinate https://twitter.com/BitcoinMagazine/status/1580340358386704384?t=5R57OT426p9Whq-O55GCPg&s=19 anything that keeps you trap down under centralized system is not freedom because they have the right to do and undo whenever you are not tuning to their frequencies, bitcoin is the only way of being centralized and if must invest with bitcoin, avoid other organizations or companies that promise good return with your stakes, they will always say they have the devices to monitor and control bitcoin price only for you to invest with them.

Yeah it's getting pretty damn annoying, and is putting me off posting more often.

We'll see after those CPI numbers come out. If they're bad I reckon we'll see some panic in the credit markets, resulting in more central bank intevention in the UK, Europe, Japan. Probably start seeing a lot more activity on the FEDs various swap lines too.

Thing is we're nearing the end of this period the leading indicators are ugly and got particularly ugly in the last few weeks.

Explanation

Doom

There is no denying Musk pushes the envelope.

But pulling the wool over people's eyes with countless escapades and that inflating your stock IS a problem.

Steve Jobs sold millions of phones around the world, made devices that are used even in poor countries. He literally influenced near everyone to have access to the likes of BTC. All that is happening with Tesla is their prices keep rising to near unaffordable levels.
Musk may have sold a million Teslas but I think is literally leading the car industry down the wrong path with huge resources needed and cars that are almost impossible to extinguish when on fire.

Toyota's Hybrid approach clearly is/was the best, most reliable and least resourceful option for the foreseeable future.
Governments have completely ignored it.
Not good.

https://twitter.com/saylor/status/1579944943166316544

As one of the comments said, "Try shutting that down!"

I beg to differ... Idea is one thing and putting it into execution is another... it's ok a lot of ideas emerge all over the world but it's the execution which matters not the idea.

We have to accept he's a genius because he is delivering and to be honest you can compare him with Steve Jobs and you might rank him higher at the same time. Yes we can talk about his big schedules and tight timelines but he's a hands-on engineer so underestimating difficult things is built-in.

Now the second part yeah yeah.. he knows how to market himself... I remember what he did at that time when in Thailand boys were trapped in a cave and he tried to jump in and prove himself to be a world savior. So that's ok, he wants to present himself. Let's take his "Tesla Car "yeah anyone can say  huh what he has a "car"?? with four wheels and its moves?? That thing we have had for 100 years? No no no.. it's about not the the car or what outside and it's what's inside Tesla's power lies in his software same goes to "AI" bot it's not about fancy looking cute or s*xy bot but it's about his AI which will be running inside in the "future". Yes boston dynamics have great robots but tesla can beat them really fast if they want to. It's ok his 2023 timeline is skeptical and will be dragged a long way.

Comparing a tesla bot with an automatic cleaner is insane, every new product will take it's time to mature you pitch the (big) idea and develop test develop test and final result will be far from now.

Then other things like hyperloop and claiming the idea was already there "Swissmetro"  since what 1998? Yeah it was "an idea" full stop.

Anyway yes I accept that he exaggerates things a lot.

Edit:

Meanwhile since you are here... help the poor guy!


https://twitter.com/elonmusk/status/1580304724082843648

He's sure this is the best on Earth but sorry he's quite not sure about Mars yet.

https://twitter.com/elonmusk/status/1579971705447256064
 

Oh dear....

"You're gonna need a bigger rate hike."



Who would have guessed keeping interest rates at near zero for over 10 years wouldn't cause a massive problem?

What's baffling is that BTC is still not seen as the lifeboat.

This move down right now is very suspicious considering the CPI numbers are out in a couple hours.

Whales trying to scare people out of their positions before the release perhaps.