1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

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@JJ Lions

Looking thru the economic calendar on Forex.com and looks like the CPI numbers for tomorrow aren't the usual ones. It says excludes food and energy, which I'm guessing is oil and gas. I say that cuz I think most people notice inflation on food and gas since it's a daily expense. Still likely to have an effect but not sure to what degree, guess it depends on what they are tracking. Prolly stuff like clothing and electronics and wants, not needs like food and gas. They projecting an increase from 5.9 to 6.0 so we'll see how that goes.
 

the bossman

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Sandeep and'em still putting in that work :ehh:




 

JJ Lions

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@JJ Lions

Looking thru the economic calendar on Forex.com and looks like the CPI numbers for tomorrow aren't the usual ones. It says excludes food and energy, which I'm guessing is oil and gas. I say that cuz I think most people notice inflation on food and gas since it's a daily expense. Still likely to have an effect but not sure to what degree, guess it depends on what they are tracking. Prolly stuff like clothing and electronics and wants, not needs like food and gas. They projecting an increase from 5.9 to 6.0 so we'll see how that goes.
Worse than expected, going down now.

 

mannyrs13

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Worse than expected, going down now.



Do you have a site that tracks month to month? Are those numbers compared to August of last year or July? Cuz it's a big difference between the two. I was thinking of selling my btc last night but didn't pull the trigger. But I'm curious to see that month to month and how we looked a few months ago. I doubt it's been way worse.
 

mannyrs13

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$-220.0B
Actual
$-213.5B
Consensus
$-211.0B
Previous
The Monthly Budget Statement released by the Financial Management Service summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as bullish for the USD. On the other hands, a negative figure (deficit) that indicates government debt is seen as bearish.


I'm guessing this number has something to do with the current dip. Not sure what it means. Part of me thinks they just make up numbers and figures to determine if we go up or down. Figures the financial activities of federal entities would fukk things up for us. :stopitslime:
 

The Observer

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Guys....the plan for where the price is going is already decided, macro events and news just speed up the process.
 
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CrimsonTider

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Do you have a site that tracks month to month? Are those numbers compared to August of last year or July? Cuz it's a big difference between the two. I was thinking of selling my btc last night but didn't pull the trigger. But I'm curious to see that month to month and how we looked a few months ago. I doubt it's been way worse.
Year over year
 

the bossman

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Do you have a site that tracks month to month? Are those numbers compared to August of last year or July? Cuz it's a big difference between the two. I was thinking of selling my btc last night but didn't pull the trigger. But I'm curious to see that month to month and how we looked a few months ago. I doubt it's been way worse.
united-states-inflation-cpi.png

 

mannyrs13

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united-states-inflation-cpi.png


Would've thought it was over 10 with how things were looking. Heard the dow was down over 1300 points, worse since like March or May of 2020. Watch it be lower next month and all the markets go down 50% just cuz.
 

JJ Lions

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Do you have a site that tracks month to month? Are those numbers compared to August of last year or July? Cuz it's a big difference between the two. I was thinking of selling my btc last night but didn't pull the trigger. But I'm curious to see that month to month and how we looked a few months ago. I doubt it's been way worse.
Looks like the bossman already posted it, official numbers, deeper dive on the official site - Consumer Price Index Summary - 2022 M08 Results

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