Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cmacwuz
on 14/01/2023, 19:07:04 UTC
⭐ Merited by Hyperjacked (1) ,JayJuanGee (1)

So if the economy really *isn't* fucked and things *are* ok overall then we should start seeing 10k jumps in a day, then some selling, then another 10k jump. We shall see.

TLDR: Maybe things aren't fucked, and we have been sold a bill of goods called DOOM!!!!!


Macroeconomically I still think things are f'd in the US of A. Without a diligent and fierce Volcker approach to crush inflation, it continues to fester. I do not mind this, and maybe the "new" paradigm for world economies runs on inflation/debt to fake growth as the depopulation plateau begins to show its face here on earth. So legacy finance cooks the books harder than ever, and the Fed tip-toes letting inflation rest around 4% indefinitely. The CPI is misleading as is, and it is getting changed for... reasons.

The other route is the hard one, and we will have to  see bitcoin live through a true (not flash) recession/contraction.

There are many things I like about btc, but one is that it's my bet against the FED, the WEF, the IMF. Watching FED fumbling inflation has been a pleasure