Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think we may see a short term dip to the low 30Ks or even lower in the worst case scenario.
This week I think will be key with oil and gas prices going mental the central banks will have to react and I think most likely indicate that interest rate hikes are completely off the table.
Inflation is going to run rampant regardless of interest rate hikes anyway.
Whether governments will indicate that net zero green policies are out of the window for now I'm not sure, but probably not.
Personally I don't see how EVs will be viable if gas prices continue to go crazy (gas is used for much of electricity generation in Europe). Running them will cost as much as filling up with petrol soon and they cost far more to buy, so what is the point?
Once things settle down (and I think they probably will) towards the end of the year we could see major lift in the economies and a new ATH for BTC.
But for the moment I think it will be doom and gloom.
This week I think will be key with oil and gas prices going mental the central banks will have to react and I think most likely indicate that interest rate hikes are completely off the table.
Inflation is going to run rampant regardless of interest rate hikes anyway.
Whether governments will indicate that net zero green policies are out of the window for now I'm not sure, but probably not.
Personally I don't see how EVs will be viable if gas prices continue to go crazy (gas is used for much of electricity generation in Europe). Running them will cost as much as filling up with petrol soon and they cost far more to buy, so what is the point?
Once things settle down (and I think they probably will) towards the end of the year we could see major lift in the economies and a new ATH for BTC.
But for the moment I think it will be doom and gloom.
Down before up....
ok...
By the way, from my own personal perspective, outside from the sadness that your post brings me, I do have some trepidation that my earlier assertion that getting above $46k for a day might be insufficient for asserting that our $32,951 bottom from January 23rd is "in".... In that regard, based on so many dire uncertain macro-circumstances in the world, maybe the threshold needs to be moved up to staying above $50k for a day or more in order to assert that our $32,951 bottom is in...
In other words, I surely am not anywhere close to presuming that our $32,951 bottom is not in because that from my SOMA considerations we had never even gotten above $46k and furthermore the more difficult threshold of actually staying above that $46k price for at least a day..... so yeah in spite of various macro-uncertainties, we have largely been range bound between $32,951 and $45,850 for the past month and a half... and actually a month and a half does not even sound like a long time in the whole scheme of things, but surely it feels like a lifetime in terms of how many uncertainties many of us have been expressing through these here threads (and maybe I will even include yours truly within that).
Bitcoin is now the only global payment system that won’t discriminate against anyone, regardless of their race, nationality, religion, politics, or actions.
This is going to become incredibly important in the coming decades.”
Apompliano
This is going to become incredibly important in the coming decades.”
Apompliano
I gave you my last merit as an encouragement.
And I'll add a small piece of advice: if it's a tweet, paste a link too
Another piece of advice @OP: don't post the same quote all over the boards. It might get you banned from
hahahaha
You are correct friends1980... our newbie buddy, LastWeek, does look like a bit of a shit poster.
Let's see what might stick, no?