Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5957. (Read 26714014 times)

One possibility is that the Great Filter is ahead of us instead of behind us, the Great Filter is an answer to the Fermi Paradox which roughly states that if life is as common as some estimates indicate then where is the evidence? The Great Filter basically states there is a very difficult step, a filter, between the emergence of life and space colonization.

If the step is behind us then space colonization is a given and we will begin as soon as our technology allows it, but if it is ahead of us then this means that either space colonization is way harder than we thought or there is an unknown step that we still need to overcome, like avoiding self-destructing ourselves with our technological advances.

https://en.wikipedia.org/wiki/Great_Filter
https://en.wikipedia.org/wiki/Fermi_paradox

Yeah, I noticed that even with gold back when I followed it. It would initially crash with the stock market during a big event but long term in a bad market it would rise.

I think it's still a risk asset so it will tank together with financials. But it will shoot back up again and surprisingly fast. Just because the FED raises interest rates does not mean there will be no (long term) inflation anymore. I would consider this one of the ultimate buy the dip moments that Bitcoin has 1 to 3 times a year.

Waiiit.... do you want to say that Proudhon is just a bitcointalk parody of Peter Schiff?!

Some entertainment:   

https://youtu.be/imj0Ko1tfMQ

Nice post. Deserves 1 Merit

BTFD!

THis is a person who is taking a really long term view on the issue :-)

 You have the most succinct TA of anyone here.

X times more as it was.... X=unknown, probably north of 100,200 times

 Ah, just leave it on earth and it will eventually be gobbled up and vapourized.  No need for drastic measures now.

https://viewsync.net/watch?v=_jWbqhP5eJI&t=29496&v=XOQkk3ojNfM&t=37467&v=ODY6JWzS8WU&t=343&v=ecVQXe3rupo&t=11&mode=solo&autoplay=false

https://twitter.com/RD_btc/status/1367472502558105601?s=20

 

Here's a conspiracy theory for you:

Badger doesn't give a fuck.
BTC is not affected by the news or the traditional market - they do try, but in reality they can't do shit. They can't - because someone else will always BTMFD.
Mathz and science confirms this.

The 2020 March crash although officially attributed to COV, was really an over-leveraged mega whale entity on Bitmex. Joe or r0ach or ... well, he has many names and associates.
Bitmex kill switch worked eventually.
LOL.

Until next time of course. [no, not this March]

Own it and be proud of it!

There is only one stablecoin

Powell's comments today may have played a role in the market.

He acknowledged the obvious inflation, trying to downplay it as temporary but he also saw some recovery in the economy over the next few months.

“If we do see what we believe is likely a transitory increase in inflation, where longer-term inflation expectations are broadly stable, I expect that we will be patient" he said about raising interest rates.


Like it or not, with all of the ETFs and corporations buying bitcoin we are now affected by the overall market a lot more than back in the day when price changes mainly reflected something happening in the Bitcoin world.

Powell is basically saying that they're keeping an eye on inflation. They assume it will go up in the short term but also believe long term it will not get out of control so they will wait on raising interest rates until they see a long term trend in inflationary pressure.

The key that we all should understand is that once the Fed raises interest rates, the everything bubble will pop. It will be the housing crisis and the 2008 market crisis times 100. Will Bitcoin crash with the market or will Bitcoin be seen as a hedge. Hopefully people will flee to bitcoin but who knows. When the market crashed due to lockdowns last March bitcoin crashed but bounced right back. So it's sort of hard to figure that one out.

It's important to note that the Llama Movement is always downwards.  Gravity.  Those movements can be spectacular, but whether they end with a thud or a splat depends on water, fiber and quinoa.

Hedge accordingly.  Preferably upwind.