Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3250. (Read 26717412 times)

Hahahahaha

I like the way that several of them chat the Matt Damon mantra (even Matt Damon) each time before giving some of the demonstrations of what "investment" is "good" for us.


I see your source is very neutral in its assertion of imminent collapse of these various countries...

Oh what a coincidence?  El Salvador on the list.  Wow....  

Who would-a-thunk?  


From the amount that you sold at $50k, are you 75% or more back in LFC?  

I cannot remember the latest and greatest in terms of your buy back thresholds, though I recall you bought most back..

I had thought that you were holding back a bit of fiat, and surely in times like these, those might not be bad ideas, even though you surely took a route that differs quite a bit from my comfort levels... but of course, presumptively we have somewhat differing balancing of the factors too.. except maybe our time in bitcoin is pretty close to one another.. but even our being 9 months apart could have some affects in the way that our balancing of factors comes out..

Of course for me, I have had to do some jiggering of things around, so yeah some of this has played out quite strangely so far, and surely it seems not even close to being over with in terms of various kinds of drama down the road..

In regards to BTC versus various kinds of traditional investments and the kinds of hedging that people might do in regards to their traditional investments, it remains somewhat interesting (and painful at the same time) to consider possible negative scenarios in which BTC might stay irrationally correlated to various macro smoke and mirror dances that seem to be happening, and some of the desperate times call for desperate measures does not even cause irrational kinds of ongoing correlations to continue and we cannot necessarily presume breaking of correlations even though part of bitcoin's ongoing value proposition is that it has not been correlated from the start, even though it appears to be quite correlated in the shorter time-frames...

Oh and some of the recent theories that seem somewhat convincing would be that bitcoin's free-est of all markets status would cause it to both crash and then go on an UPpity exponential tear sooner and harder than any others, but that still does not tell us within any kind of high level of confidence whether the bottom is already in or not.  

I don't think we are going to go down much...

The only downward pressure would be people needing to sell to pay bills.
The majority of Bitcoin is under whale control or in Diamond hands 🙌 💎

An imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?

I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.

Explanation

 Yeah 'cause there is absolutely no markup on anything else you might consider purchasing.   

Soon it will cost you $100 just to boil an egg on your cooker.

It will be cheaper to permanently live in hotels at this rate.

Energy rationing cannot be ruled out, warns Shell
https://www.bbc.co.uk/news/business-62167060

Note that proven reserves estimate we have more than 50 years of gas and almost 50 years of oil left, at previous usage
(not current because it will already have dropped due to the sheer cost and the Covid carry on). Did this change year on year? No.

And those are only counting the sources we currently know about. The reserves are probably much higher than that.

We also have hundreds of years of uranium left if we actually used nuclear power more. (Estimated 500 years at current usage).

So the massive increase in price is only assfuckery, nothing else.

I thought in this day and age everyone knew that hiding under your desk against A-bomb had nothing to do with safety and everything to do with fear. Guess nothing really changed

There are so many predictions about bitcoin in the past and in present. Here is an interesting thread from July 2011
Bitcoin will never reach $20 again

Explanation

To the Point ( What to Say now )

I will go with 3rd option since I prefer using binance to keep some of my coins.

Explanation

the noon wall report



Bitcoin continuing to shrug off the downturn in legacy markets with a atrocious June CPI report of 9.1%. Showing some coils locally and up over 6% in the last 48 hours...bitcoin is currently trading near $20.5kish on moderate Thursday volumes.



dyor


4h


D

stronghands

Explanation

I mentioned it in passing, but someone else may have already mentioned it. At that time, it was one of those "big" things that had funding from outside investors and it has been going on for at least a couple of years already, so it wasn't exactly new. And then you have something like Gemini Earn, which is from the same company that also runs the Gemini exchange, which is probably fairly regulated and secure as far as holding coins for you goes. I still would not keep any coins on exchanges long term.

I did not have anything in Celsius, but the crash that happened affected us all anyway. I was forced to cash out at the wrong time to pay for bills and expenses.

Hodl till your ass get tired, a day is coming when you shit all over your body so bad that you will be terrified by your smell.

https://twitter.com/Ralvero/status/1546423673044832256?t=9ULavmlGIiNfh4VFY9r6sg&s=19

Downloading as we speak Downloaded. Thanks for the movie suggestion.

Agreed re. Celsius etc. The problem with most people is that they want to "get rich quick", instead of simply aiming to "get rich", and they almost always end up getting poor (or staying poor).

@Dabs: I don't know if it was you, can't remember. If it was you, I hope you weren't affected by the recent events.

My golden rule: there is no free lunch is this universe. Don't fall for what looks too good to be true, because it almost always is. Even Bitcoin could be called "too good to be true" by those who do not understand it. It is one of the few exceptions to this rule.

She's a 9.1 and Bitcoin can't fix this

Gotta keep up the pretence that nuclear power is extremely dangerous.

God forbid a country would build enough safe nuclear power plants in the 21st century and be completely energy independent. The whole WEF globalist house of cards would come tumbling down.

Explanation