Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 319. (Read 26497496 times)
August 11, 2024, 08:01:14 AM
August 11, 2024, 07:01:16 AM
August 11, 2024, 06:09:05 AM
without derivatives all that cash flow would have actually had to buy the corn.
To be fair, the first derivatives that really meant something volume wise weren't made by "bankers".
And to be fair, what you say after that can't be argued with. Just the proverbial nail.
Adding Liquidity is code for removing built in scarcity
--snip--
they accumulate as they are in the "now they join you" phase.
--snip--
they accumulate as they are in the "now they join you" phase.
August 11, 2024, 06:01:14 AM
August 11, 2024, 05:40:32 AM
I’m going to stay positive and expect that in the new few months we leave this range behind
August is a bitch
For the bitcoin hodler
And the broken heart.
#haiku
August tides could change…
Face melting pumps could appear.
Just out of nowhere
August 11, 2024, 05:23:52 AM
Feels like we’ve been treading water since late February. Well we have been, haven’t we. Really hoping for some bullish momentum soon and a significant period of uppity. $61,000 seems very cheap, we’re still below the 2021 high, which is a bit pathetic really considering we now have Spot ETFs and institutional buying.
I don't know why people are not a little more realistic with their expectations, because it is quite logical to me that we currently have this kind of situation that usually follows in the summer months in the northern hemisphere when a very large number of people are not active in trading, but are traveling and enjoying their summer vacation.
BTC spot ETFs have obviously brought a change to the market, but it should be remembered that they are used by people who only want profit and who are not interested in Bitcoin in any other context. Therefore, we see that every time when spot ETFs record an inflow, the price of BTC rises, and when they record an outflow, the price drops. Considering everything that is happening in the world in the context of economics and politics and war conflicts, I am quite satisfied with the price of BTC at the moment.
I’m going to stay positive and expect that in the new few months we leave this range behind and blast through the $70,000 zone into price discovery hitting multiple all time highs before the year is out. I know that 2025 is likely to be the peak of this cycle (and probably the second half of the year) but I expect us to start moving up soon. We should be past the $60,000’s now.
There is no reason not to be positive, we have good reasons to believe that history will repeat itself and that at some point a big bull run will follow. Honestly, the only thing that worries me is the situation surrounding the presidential elections in the US, because if Trump does not win, we all know that he and his voters will not accept it calmly, and every crisis in the US is reflected in the whole world.
August 11, 2024, 05:01:38 AM
Each of us still has to figure out how to balance where we keep our value. Sure one of the problems with new cars is that they are expensive from the start, but they also tend to depreciate quite a bit in the first few years, so anyone in their earlier stages of building wealth should not be buying new cars anyhow.. they are not very good financial investments, even if they might be practical and status symbols, and sure there could be cases that you prefer to buy new cars and then just hold onto them for 10-15 years before buying another new car, and so new cars bought with long time horizons might not be poor investments even if they depreciate a lot the first few years of ownership.
My father bought a new 1300 cc Car in 2008 and I inherited that car. For last 5 or 7 years I am trying to get a new one because that car is now getting old and requires frequent maintenance. It's better to buy new car since it doesn't require frequent maintenance for initial 10 years. The idea is to get new car for next 15 years at least.
There could be some danger if you believe that all of your cash needs to be working all of the time, and one of the aspects of an emergency fund is that it is in a kind of liquid form that can be used right away, if you lose your job (so you suffer from cashflow income issues) or some kind of additional expenses suddenly come up. You have to figure out some kind of a balance in regards to where you keep your various forms of cash that might be back up funds for short-falls or if some of your saved funds might have some kind of a target for something that you plan to purchase, with perhaps some kind of a tentative date regarding when you would need that cash or if you might have it working for you up until that date, also can be problematic to put your some of your extra cash into a some kind of a working fund if the fund has potential volatility in terms of the timeline that you expect to need such cash.
If you want your cash to be readily available to you then best is to store it in Banks like National Saving Scheme, this readiness comes at cost of depreciation in value. But if you don't want depreciation in value then you have to invest it in sectors like stock, real estate or Bitcoin, all these sectors have some kind of volatility attached with them. So it's up to you where you want your cash to be.
Whether we like it or not we still are dependent on Banks for managing our cash.
By the way, I understand that cars might not be the only thing that you might be saving for that might have a relatively short time horizon, yet I personally consider that you are not actually investing into bitcoin unless you have a 4-10 year or longer timeline on any money that you put into bitcoin, so if you choose to put some of the money that you are saving into bitcoin for less than a 4 year time horizon, then you are gambling/trading rather than investing, and sure it may well end up working out for you... and so if it is something that you are willing to do with some of that money that you are saving for a car or for whatever else, then that's your choice, but if you get sucked into some kind of a trap that you are frequently putting your short term money into bitcoin, you might get stuck with BTC price moves against you regarding some or all of that extra money that you might be putting into bitcoin that you might need in the shorter term... and yeah, you could have all kinds of categories of extra money that you are stocking up for 1) car, 2) vacation 3) being able to take your spouse out for dinner, 4) furniture, 5) computer/phone 6) house maintenance 7) braces for your child, 8.) Bicycle for your kid, 9) etc.. and yeah those various goods/services have different timelines and so perhaps differing levels of priorities or urgency too in terms of reaching some of them.. and surely some of those categories of savings you might consider that for sure you need to keep that in cash.. and others you might be able to be a bit more loosey goosey about when you are going to make such purchase(s).. so if your timeline is less urgent, you could take the chances with some of that to put into bitcoin or into some other investment that might be more volatile than cash and also might end up causing you to not be able to sell if the price of the investment that was supposed to be your savings moves against you after you put your extra (purportedly earmarked) money into it.
When I was single I didn't cared much about savings or cash in hand but once I got married and had family I frequently need cash to counter things you mentioned in above 9 points (may be others too feel same). With Bitcoin we already had consent that investing in it will be beneficial if we have a strategy that is spread over a longer period of time. So yes anyone who want to invest or save need to find a balance between both.
August 11, 2024, 05:01:14 AM
August 11, 2024, 04:32:33 AM
found an interesting story on reddit:
https://mustsharenews.com/early-retirement-simple-meals/
TL:DR The moral of the story is at the very end of the article...
"if the yen continued to weaken, achieving financial freedom might remain out of reach, rendering his 21 years of hard work seemingly pointless and tragic."
https://mustsharenews.com/early-retirement-simple-meals/
TL:DR The moral of the story is at the very end of the article...
"if the yen continued to weaken, achieving financial freedom might remain out of reach, rendering his 21 years of hard work seemingly pointless and tragic."
Why are you saving fiat money, when they are printing it
FTFY
Why are you saving fiat money, when they are printing it ? Biodom
Fair enough?
August 11, 2024, 04:01:15 AM
August 11, 2024, 03:01:13 AM
August 11, 2024, 02:58:21 AM
What is this nonsense talk about "taming" Bitcoin?
If "they" had succeeded in taming Bitcoin, the price would now be at Vegeta/mindrust levels.
The price is currently @ > $60k. We had an ATH earlier this year (even pre-Halving). The 200-WMA is steadily rising. And all this after Luna/FTX/Govt-selloffs/Gox...
I see Bitcoin marching onwards, upwards and on-schedule.
If "they" had succeeded in taming Bitcoin, the price would now be at Vegeta/mindrust levels.
The price is currently @ > $60k. We had an ATH earlier this year (even pre-Halving). The 200-WMA is steadily rising. And all this after Luna/FTX/Govt-selloffs/Gox...
I see Bitcoin marching onwards, upwards and on-schedule.
The market definitely seems strong. There was so much buying happening in the low 50s. That is a pretty nice base for the next leg up. I still say $85K by the end of the year and if a lot of that FTX money makes its way into Bitcoin, that could be low. I think all that really matters though is the 4 year cycle and we’ve got a year of up ahead of us before the peak.
August 11, 2024, 02:01:12 AM
August 11, 2024, 01:07:50 AM
No one "touches grass"
Cuz they still have our shoes on
Could be shit 'n glass.
Cuz they still have our shoes on
Could be shit 'n glass.
August 11, 2024, 01:01:15 AM
August 11, 2024, 12:15:34 AM
What is this nonsense talk about "taming" Bitcoin?
If "they" had succeeded in taming Bitcoin, the price would now be at Vegeta/mindrust levels.
The price is currently @ > $60k. We had an ATH earlier this year (even pre-Halving). The 200-WMA is steadily rising. And all this after Luna/FTX/Govt-selloffs/Gox...
I see Bitcoin marching onwards, upwards and on-schedule.
If "they" had succeeded in taming Bitcoin, the price would now be at Vegeta/mindrust levels.
The price is currently @ > $60k. We had an ATH earlier this year (even pre-Halving). The 200-WMA is steadily rising. And all this after Luna/FTX/Govt-selloffs/Gox...
I see Bitcoin marching onwards, upwards and on-schedule.
August 11, 2024, 12:01:13 AM
August 10, 2024, 11:01:13 PM
August 10, 2024, 10:48:00 PM
Yeah.... sure.. it is the goal of the financialization diptwats to try to tame dee cornz, and also they want to present matters as if they were actually in control, including being in control of dee cornz.
How did that work out?
Anyone really believe that their supposed taming is working?
It has slowed the cap rise and skimmed a huge percentage off the top, without derivatives all that cash flow would have actually had to buy the corn.How did that work out?
Anyone really believe that their supposed taming is working?
Adding Liquidity is code for removing built in scarcity and anyone that is unable to understand that is either stupid or has an agenda.
Its called an inconvenient truth (of course everyone knee jerks when you say that term now) and the sooner its accepted the sooner it can be countered.
FUCK INSTITUTIONS AND FUCK BANKERS!
BITCOIN WAS MADE TO REPLACE THEM!!!!!
They are doing the best they can at suppressing it while they accumulate as they are in the "now they join you" phase.
Psychologically, I tend to be much more comfortable attempting to deal with the "is" rather than the "ought," even though I get what you are saying about the idea of removing (or at least diluting) scarcity through various financialization instruments - and surely we cannot completely know the extent to which bitcoin has been built strongly enough in order to cause the burning of various players who don't have the coins they claim to have.. so yeah, traditional financial institutions are already used to playing games and fucking around with their own manipulation systems, and surely bitcoin is not completely detached from traditional financial systems -
so it still is to be seen the extent that various likely ongoing manipulation attempts are going to be successful, and it seems to me the implosion of several companies in 2022 were partially the result of both fucking around with bitcoin that they did not have but also seeming attempts to try to break aspects of bitcoin. Is trying to make money in fraudulent ways the same as trying to "break bitcoin?" I don't know for sure.... I am not claiming to know all of the answers, since there are various financial (and bitcoin-related) systems already in place and ongoingly developing and adapting and individuals have ONLY so much ability to actually influence the various systems in place rather than attempting to maneuver within such already existing system them as they exist and hopefully staying alive and/or profiting within such already existing systems.
I would surmise that we are likely still within the largest of relatively peaceful wealth transfers, and so some folks are going to disproportionately benefit from such ongoing wealth transfer. Some folks will preserve or increase their wealth by getting into bitcoin, some will decrease their wealth by failing/refusing to get into bitcoin, and there likely will be some folks who attempt to not really commit either way, maybe the profit in some ways by getting in and out of bitcoin. Likely even really poor people are still going to end up profiting from the existence and increasing adoption of bitcoin, even if they might not end up significantly investing into it... since bitcoin brings a lot more fairness to various monetary systems.
BTW it why its allowed to last since the billionaires grease the pollies
You really believe that the billionaires are "allowing" bitcoin? Sure some of them are getting sucked into it, and sure maybe there are aspects of bitcoin that were growing kind of on the sly in the early days, and so then bitcoin ends up infiltrating into various parts of society, yet I find it a bit problematic to be speculating that billionaires are "allowing" bitcoin, and maybe that is part of the current questions that some politicians are currently facing regarding ideas of trying squash and control bitcoin that could end up having issues of bitcoin proliferating in other areas of the world, and surely there might be some politicians who believe that they can control everything as if they were a world government, so they still believe that they can control bitcoin..
I’m going to stay positive and expect that in the new few months we leave this range behind
August is a bitchFor the bitcoin hodler
And the broken heart.
#haiku
Is this time going to be different? or not?
One of the things about the future, it is hard to really know.
Another thing about bitcoin, it does not necessarily follow calendars, even though I am not going to claim that bitcoin is completely detached from macro happenings... .. yet sometimes bitcoin appears to be correlated, even if when we zoom out, we should be able to clearly recognize that bitcoin is not really as correlated to macro-happenings as perhaps some folks would want us to believe.
Probably, you have to be in bitcoin, just in case, and you don't really want to be caught under-allocated in bitcoin during various points in time that it clearly shows that it is not really as correlated as some folks might believe. Bitcoin remains a pretty damned immature asset class, which may well be part of the explanation for its lacking in correlation and sometimes even inverse correlation, from time to time.
August 10, 2024, 10:47:52 PM
buddy does triple
i was not expecting it
but corn goes onward
this one above was a bit early as it is 1147 on the east coast.
i was not expecting it
but corn goes onward
this one above was a bit early as it is 1147 on the east coast.
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