Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3551. (Read 26609624 times)

Explanation

Remember when Bitmain and them were “burning in” the ASICs you purchased from them for you? Well, it has been happening with GPUs too…

https://www.cnbc.com/2022/05/06/nvidia-sec-reach-deal-on-cryptocurrency-disclosures-in-2017.html

chart analysis? Or technical analysis as such, like analysis done by the help of technology?

EDIT: For the former... My try: Drawing patterns and lines that help deciding for trading options based on probabilities.

EDIT2: I know, could have expressed it in a more precise way (finding levels, mapping past chart movements and so on)

Define me technical analysis in the shortest way possible.

 

Back to topic:
Bitcoin broke the lower boundary of the uptrend channel starting october last year. That didn't end well last time, could be worse, though. Can be the start of something completely opposite.
We already know the market. What goes up must come down, and vice versa. The days of derivative juggling and leveraging are counted, as laid out by on-chain analysis.
Patience needed. I stopped all micro-tradings and just hodl since March.

EDIT: My currently biggest first world problem to share: Finding a skatebord deck with stunning artwork or attractive pattern graphics. Most people like to hang paintings or photographs onto their home's walls for decoration, while mine are populated by great looking, 3D shaped boards, made of canadian hickory plywood 
Now i chose one to ride for one of my sons and i can't find a good looking replacement 

Ahh schadenfreude

Explanation

LOL
I caught a cold and i can only see clouds and wet surfaces all around my place  

EDIT: moved the reply to here from above:


Fuck...
Most contractors will probably tell you anything to get hired for a project. Before you choose them, look at their references and talk to the according customers. Most time, if you find a competent contractor, he will likely only rely on sufficiently skilled subcontractors, which he worked with successfully in the past.
Yes, it takes more time in the beginning, but generally saves a lot of frustration, time and unexpected cost later.
I hope there's a finished farmhouse already, where you and R can enjoy living and escape from the frustration of stuck projects a little.
Focus on the end result. Every day. Remember: Bad times are usually followed by good times. You know your goal, so you will get there  

Well, at least the weather is nice.

We also have huge availability issues over here in europe, and also pricing got a big issue. More and more projects are put on hold or are delayed, no builder can give any price guarantee anymore, which scares off future private home owners. I see piles of processed steel and parts at various companies, as well as processed wood, which are both short on order since months now. The builders that were able to hold/put material on stock will be the ones that survive on the local market, if the situation won't ease soon.

If i were you, i'd divide the project into subprojects, give priorities to each and define smaller steps from start to finish. Then try to realize them / get them build by priority, step by step, if possible some parallel in time. This should deliver constant results that don't give you the impression the whole thing "just stops".
It would be good if you have somebody you can trust, who has some expertise, to look over and manage the process constantly.

If possible, let the builder give you a list of needed material. You (or the "manager") can check where you can buy the material from at a good price in time, so the builder can start when you have most important stuff available at site.
Where i live, workers and building companies have started to let the customer buy and organize needed materials, so nobody can blame them for "overpriced" services. This reduced the number of customers not willing to pay on time. Better for the companies to get work done faster, and also a reality check for customers pricing assumptions.



EDIT: Moved a bit downwards, because the recipient already read the original post before i got his part in...

You have to look at the bigger picture. Low unemployment rates don't really mean anything, because they are always relative to total current actively searching or recently employed within the last 12 months. They don't take into account people who have permanently exited the workforce for good.

You have to look at long term labor charts, like this:

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

See what has been happening there? You don't see a problem with worldwide population rising while at the same time employment constantly falling over the last 20 years? If more jobs were being created every year, then labor force participation would be rising along with population growth, not falling.

And yeah there may be plenty of jobs at the lower end out there, but if they don't pay a livable wage (ie, can't pay rent, eat, bills, etc.) then nobody will take them.


This was written in 2020, so just imagine how much they have to borrow now... it's really quite unsustainable long term.

https://www.debt.org/government/

Isn't unemployment 3.6% in the US right now? Yes there was a big spike because well hey fuck the workers long live capitalism, but 3.6% is even lower then the 3.8% we have in the Netherlands right now, and it's really hard to get new staff here right now.

Also, financing a government isn't really that hard, in the big picture there's plenty of money and all the government has to do is find the right balance of taxation and spending. As the US government is always reluctant to tax the rich they will always struggle a bit. Then again, they can always privatize even more stuff and make regular people pay double (like they did with health care) for half the services.

I just don't buy this doomsday talk. The only real problem here imho is the "quantative easing" they did which led to inflation which will fuck over people with lower incomes disproportionally hard.

Edit: oh yeah the other big problem here is that wall street seems to dictate the price of BTC.

Explanation

Bitcoin.com/ethereum

Wrong thread, try merit begging in some other thread that you understand . Next you will be posting articles that say csw is Satoshi lol

Absolutely there is only one way and yes brrr is it.

When people are disscusing the future of the economy there is really only one question that needs to be asked. That question is "do you think the Fed will sit by and let the goverment fall, when it alone can prevent that?" and by fall I mean outright collapse in the shitty african country sense. Where goverment ceases to be a thing and warlords take up the slack instead. At which point the Fed employees (former after the collapse) will now be a massive target for the new warlords and starving mobs.

It's that simple. Police, military, hospitals, schools and so on won't work if not paid, and the goverment will not be able to pay them without the Fed or defaulting on all debt (even then the gov would still have to cut spending). The system is fucked, we know that, but without reforming (which ain't happening) the 2 choices are the Fed brrrrrs, or you bow down to your new warlord while eating the flesh of the former Fed employees and the members of the former goverment.

Bitcoin fell by nearly 10% in today’s session, as traders continue to react to recent action by the Federal Reserve to hike interest rates.



Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-falls-to-2-month-low-following-the-latest-nfp-report/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Yeah, I was thinking the exact same thing. With all the mass employment shakeouts over the past 2 years, I'm imagining that IRS and state tax revenues have absolutely cratered.

So how are they going to make up the difference? How are they going to pay for govt services and service the deficits? There's only one way: moar printer go brrr.

But QT and raising rates into a huge worldwide recession with GDP falling? That's economic suicide.

Explanation

I have a feeling the Fed will be reversing some of their actions next month at the latest. Maybe not rates, but I bet they'll change their mind on the QT. Shit is going to break real soon, the world is too leveraged now for any tightening. There is no way the Fed will sit back and let this happen, to do so would be the end of all government services, followed by the goverment itself.

Imagine  the government trying to pay for everything without being able to issue bonds (because the fed is no longer buying), or tax its citizens because unemployment is above 20% and capital gains are a thing of the past. The Fed is the lender of last resort for a reason and we're going to see them in that role again real soon. In the mean time markets are cactus, including Bitcoin's price.

If you thought you'd seen brrr before, well baby, you ain't seen nothing yet.

https://www.sec.gov/news/press-release/2022-79-0