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Johan Bergman
bergman@primal.net
npub1a4sd...a26u
Studying Bitcoin and Markets. Not Financial Advice. Disclaimer: https://primal.net/bergman/Disclaimer-or2cwd
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Bergman 11 months ago
BTC back around $107,000 This time with slightly lower Open Interest compared with 17th of January. More import, funding rates 2 times lower. This move up looks healthier. Spot driven. #marketstr image
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Bergman 11 months ago
$MSTR some cooling off. RSI first towards MA RSI. NAV = 1.86 #marketstr image
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Bergman 11 months ago
DXY below regression trend #marketstr image
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Bergman 11 months ago
This is the current state of affairs in the Netherlands. This is an article published by the public broadcaster (NOS = Nederlandse Omroep Stichting). It is funded by taxpayers’ money. Article below and translated by ChatGPT. Source in link below. They are saying that the burden of inflation is (partly) in your head... @Marty Bent #bitcoin #nostr #inflation The burden of inflation is (partly) in your head, say economists By Charlotte Boström, Economics Editor For years, it has been a familiar refrain: groceries in the supermarket are becoming more expensive due to inflation. In fact, 85 percent of respondents in an Ipsos poll believe that food prices will continue to rise in the first half of this year. But in reality, price increases in supermarkets are not as bad as they seem. For example, last year, inflation for consumer goods and services (such as clothing or haircuts) stood at 3.3 percent, while food prices rose by ‘only’ 1.1 percent compared to the previous year. So, why do so many people feel the pinch of inflation when the numbers tell a different story? Three economists explain why we perceive it this way. Our brains are just slow One factor is the human tendency to assume that recent events will repeat themselves in the near future. Inflation was recently high, so we unconsciously believe and feel that it still is. Researchers call this “extrapolation.” “Research shows that people often do this with numbers,” says Kim Peijnenburg, Professor of Household Finance at Tilburg University. “Why our brains are so slow, there’s no clear answer to that. But it is a typical example of the false expectations we as humans create about our environment.” What exactly is inflation? Another factor is that inflation is a complex concept. Almost a quarter of respondents said they didn’t understand how inflation works, according to researchers at the University of Groningen. Inflation is an abstract concept, says Peter Hein van Mulligen, Chief Economist at Statistics Netherlands (CBS). People tend to focus on the absolute price level rather than whether something has become more expensive. “The shock of high prices in the supermarket isn’t because prices have risen significantly in the last month. It’s because people still perceive the prices from a few years ago as the norm.” That’s why the concept of inflation may be especially relevant for economists, Van Mulligen says. For consumers, it’s primarily about the price level, he believes. If you drink, smoke, and rent, it’s a different story Moreover, the inflation figure from CBS is an average. In reality, people have different spending patterns and financial burdens. This means that some people experience inflation more acutely than others. For example, last year, excise duties on alcohol and tobacco increased. Rents also rose significantly, says Marike Knoef, Professor of Economics at the universities of Groningen and Tilburg. “Rent is a major expense. So, when people say inflation is very high, that can certainly be true in their situation. Those with a mortgage and a fixed interest rate don’t experience this impact.” Echo chamber effect Research shows that people often have an inaccurate perception of how high inflation actually is. This perception is often based on the recent past. The European Central Bank identified this as a problem even before the significant price increases in 2022. According to Professor Peijnenburg, people’s inflation expectations “make a huge difference.” When people overestimate inflation, they tend to spend more money, thinking their money will lose value tomorrow. “This only leads to more inflation. That’s why it’s important for people to have an accurate picture of prices. Often, the price increases are less dramatic than they think.” How do you ensure that people have a realistic view of inflation? The economists believe that this is a task for journalists, researchers, and government institutions. They should clearly and specifically explain what is becoming more expensive or cheaper, particularly because there is no such thing as an “average consumer.” They should also consistently indicate the period to which the inflation figures refer.
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Bergman 11 months ago
PPI MoM lower than expected. Gives risks asset a little bit of room to breath. Let's see what CPI brings tomorrow. image
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Bergman 11 months ago
People mistake Trump’s love for the US Dollar. He loves USD dominance (as the unit of account in all trading and lending). USD dominance ≠ USD strength. #bitcoin
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Bergman 11 months ago
Such a great video and presentation on the biggest problem of our lifetime and it's solution. @SatmoJoe
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Bergman 11 months ago
What is even better to perform a speculative attack on the dollar then issuing 0% convertible debt? Using IMF's money to buy #bitcoin image
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Bergman 11 months ago
image #Bitcoin flows are improving a lot
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Bergman 0 years ago
These #bitcoin flows are short term bearish... image
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Bergman 1 year ago
Normies still don’t understand what bitcoin does… it could make you wealthier or more independent. But most of all, it changes your mindset. That’s why one doesn’t change bitcoin, it changes you. @HODL sums up the mindset of a normie perfectly. View quoted note → image
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Bergman 1 year ago
High outflows on Bitcoin ETF’s image
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Bergman 1 year ago
Which asset is trading during Christmas 🎄 #bitcoin
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Bergman 1 year ago
All I want for Christmas it to work out at my own gym. Merry Christmas #nostr 🎄 image