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1861  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 01:21:51 PM
Good morn Bitcoinland
Nine five sixty-three dollars
(Bitcoinaverage).

Still going sideways
In the mid- nine thousands range.
Time for five digits.

Go Bitcoin go go
Bitcoin go, go Bitcoin go.
Go go Bitcoin go.

it is people of all ethnicity that are fed up with the extrajudicial killings and general institutional thuggery

must be nice to live somewhere where you do not fear your police

This is why white protesters seem to outnumber blacks and it's happening nation-wide.

It's not all about white men killing a black man.

It's more about armed police killing an unarmed civilian over a non-violent crime.

Americans used to be appalled at Hitler's and Stalin's law enforcement policies. Now they're getting it at home.
1862  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 12:26:18 AM
When I was a kid, the President of the United States and Bankers and Corporate Officers were respected. Sh*t changes and Sh*t flows downhill...thus we are in the new gilded age of Monopolies and Power/Wealth

concentration
....it likely will only get worse until some kind of 'adult supervision' in ethical business practices/wages and accountability of public officials comes to pass...but it is not gonna be soon....IMHO, sorry to say. Smiley

It takes time. Anti-trust laws and labor unions didn't happen overnight, nor did the degeneration of unions from workers' collectives to extortion organizations.

Collectives are collectives, whether they are labor collectives like unions, capital collectives like banks and other corporations, political collectives like royal dynasties and communist parties, or social collectives like religions.

Collectives eventually become corrupt and must be taken down. Sometimes they can be taken down relatively peacefully like the Soviet Union. More often they require violent revolutions.

Let's hope the Bitcoin revolution is non-violent.

1863  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 08:43:55 PM
Somewhere along the way everything changed. They switched from friendly blue to intimidating black. They started hiding their faces. They separated themselves from society. They developed an adversarial "us against them" stance and started treating the community (their bosses) as the enemy. They hid behind the anonymity of their uniforms and refused to give their names. They abdicated all personal responsibility.

A large part of this coincides with the militarization of the police. Flooding the forces with surplus military equipment, hiring direct from the military (and assuming military training with no decompression can substitute for civilian police training), shifting patrols so cops don't patrol their own neighborhoods, not hiring out of those neighborhoods, the various "war on XX" initiatives all promote that us vs. them mentality.

https://fee.org/articles/the-militarization-of-americas-police-a-brief-history

That's exactly what I was talking about... militarization.

If it does turn into a complete civil war, it will be the state that drew first blood.

It's not really principally a war between the public and the police. It's a war between the government and the people.

That's what makes the second amendment to the constitution of the USA so meaningless in the 21st century. What good are the arms American citizens are allowed to bear compared to military weapons? Bring a knife to a gunfight? Bring a gun to a missile fight?
1864  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 08:04:01 PM
I see a country descending into open rebellion against its oppressive, unjust, inequitable Police State.

There is no greater symbolism of the endless systemic oppression than an agent of the state kneeling on a totally incapacitated dying man in the street.

I don't see this ending until vast swathes of the dystopian police state apparatus, ideology and funding empires are dismantled and dumped in the dustbin of history. They cannot be reformed peacefully so they will only go violently.

The people have finally woken up and The People always get the final say in matters of the nature of the state. Look it up, it's in the Constitution. There's 40 million unemployed Americans and probably tens of millions more disaffected enough to take to the streets. At most the US armed state agencies could rally perhaps a few million. In the end its just math.

Ultimately its about freedom.

When I was a kid, the police were respected members of the community, the boys in blue. They walked a beat and knew everyone by name and everyone knew them by name. We didn't fear and hate them. We respected and appreciated them.

Somewhere along the way everything changed. They switched from friendly blue to intimidating black. They started hiding their faces. They separated themselves from society. They developed an adversarial "us against them" stance and started treating the community (their bosses) as the enemy. They hid behind the anonymity of their uniforms and refused to give their names. They abdicated all personal responsibility.

What is long overdue is individual identification of all police officers. It should be mandatory for all police officers (except those on active undercover duty) be identifiable. Their names and badge numbers should be clearly displayed on the fronts and backs of all uniforms. They should also be displayed on the outside of their upper arms and thighs, so would be no doubt about the personal identity of all officers even if camera angles were obscured.

This would be an obvious first step toward re-integrating the police into decent society. Hiring practices must also be re-evaluated. As long as police officers are social pariahs, only social misfits choose to become police officers. Most normal people don't choose a career that leads to ostracism unless they are already outsiders, hence the bullied-in-the-schoolyard-and-seeking-revenge syndrome seen in so many of today's police departments. Better psychological testing must be used to weed out the violent, sadistic, authority-oriented applicants.

It's perhaps not as bad in Toronto as in most big American cities, and in fact it's getting much better since the confrontations between the public and the police during the 2010 G-20 meetings. More individual officers are making an attempt to reintegrate themselves and the evil Police Association is slowly losing it's power. It still has a long way to go though. There are still individual officers who hide behind their badges and think they're better than the law.  

Some are simply arrogant doofuses like "Officer Bubbles":

https://www.youtube.com/watch?v=PGMTm3QRwEc

Bubbles did not even lose his job.

They seem to forget who's the employee and who's the employer.

America  calls itself "The Land of the Free and the Home of the Brave". You can ask George Floyd's family about freedom, and there's nothing brave about 4 fully armed police officers murdering a handcuffed, unarmed man over a $20 non-violent crime.

The time has come to start treating police officers personally, as individual men and women, not as faceless uniform wearers, and it is time for police officers to start realizing they are members of the human race and start acting like it.

It would be best if they/we could affect this change peacefully. If not it seems like civil war is close, the people versus the state. It would be a very bloody war indeed.


1865  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 06:19:16 PM
Buenos dias Bitcoinland.

Still in the mid-$9xxx range... currently $9539USD/$13137CAD (Bitcoinaverage).

Go Bitcoin go.

Are you ready?
Are your bags full?

The train won’t wait for long!

My bags have been packed for years.



Always ready to head off to the next station on this incredible journey.
1866  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 01:05:55 AM

Quote
“On the other hand, I just really like the taste of goat urine,” explained Zuckerberg thoughtfully, “can’t get enough.”
https://chaser.com.au/world/social-media-should-not-fact-check-posts-says-child-molester-mark-zuckerberg/

I kinda like the follow-up:

https://chaser.com.au/general-news/child-molesters-to-sue-the-chaser-after-being-compared-to-mark-zuckerberg/

Quote
If the paedophile community succeeds in its class action against the Chaser website, it plans to take on a much bigger target, mounting a lawsuit against the Catholic Church for unfair competition.
1867  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 07:18:45 PM
I think you're reading the chart wrong. Gen X and Millennials don't have as much as boomers had when they were the same age.

Sorry, but it's you who's reading it wrong. It isn't about wealth per capita. It's about percentage of the total.

The Boomers had a slightly higher percentage of the wealth at the age of 40 than the Millennials did at that age, but they also had a much higher percentage of the population due to their great numbers. The previous generations had been greatly reduced in numbers by two world wars and the great depression.

Edit:

You posted while I was typing.

First of all. The fiat-currency/central-banking scam has nothing to do with Baby Boomers. It existed long before they were born and really kicked in with Richard Nixon, who was hated by most Boomers.

What I was responding to by bolding some of your text was the "us versus them" confrontational tone.

Of course I'm against the traditional banking system. I'm a Baby Boomer. I don't even have a bank account. All my money is in Bitcoin.
1868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 07:04:47 PM
We can just stop using the boomer version of money which is fiat backed by nothing. That would tip the scales back in our favor.



 Cool
1869  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 06:59:06 PM
I read this name mindrust a lot, can someone remind me who that was ??

JJG perhaps??

A limp wrist who sold his bitcoins.
1870  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 06:56:34 PM
This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.

Just wait. Your turn will come.

It takes time to accumulate wealth. It even takes time and experience to learn how to accumulate wealth.

Even inheritances usually take many years.

Young people tend to spend and borrow. The wealthy tend to live longer.

This has been happening since time immemorial.

1871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 03:41:00 PM
Good morning Bitcoinland.

Still creeping upward... currently $9482USD/$13060CAD (Bitcoinaverage).

Go Bitcoin go.

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

Post of the year.

What's so hard to understand about buying and not selling unnecessarily?

You crossed out "greedy" to write "stupid". It could just as easily have been "arrogant" or "childish".

"Impatient" also comes to mind, but that's basically part of being childish.

Getting rich with Bitcoin is a simple Three Step Program... 1) Buy... 2) Chill (hodl)... Don't sell unnecessarily. So simple.

What you should not do is buy and sell according to the price.

Of course there's nothing wrong with selling a small amount for life improvements after your holdings have reached critical mass. Just never sell most.

Buy, chill, don't sell, especially not according to some self-indulgent pseudoscience like TA.
_____

Edit:

Of course exchange operators won't agree. They make lots of money in fees from tarders.
1872  Economy / Speculation / Re: Bitcoin is bullish longterm on: May 27, 2020, 08:35:00 PM
I totally agree that it is not the best profitable thing to just buy and hold, after all there is more money to be made by volatility than stable income. However you are forgetting that not everyone can make that much money that quickly, they are not traders and that is why they could also lose a lot more money as well.

The difference between trying to make more profit with trading versus trying to make some money with long term holding is the simple fact that when you are holding you will eventually profit and that is the end of it, but when you are trading you could end up losing money. So, one has a potential to make a lot more profit, but also has a potential to lose money as well, while the other one has very little chance to lose money but also has huge chance to make little profit.

Trading is basically gambling and like most forms of gambling, the only winner long-term is the house. The individual retail punters will break even against each other but it's the vigorish that keeps the casino, racetrack, bookie, or lottery corporation in business, while eventually making losers of everyone else.

In the case of Bitcoin, it's the exchanges and money transfer services (or ATM operators) who take the profits. The only way to avoid this is to mine your coins or buy them OTC without fees, and spend them or sell them also OTC without fees.

Buying and selling coins according to their current price (trading) is nearly impossible without paying fees regularly. This is why long-term holding is so much more profitable than retail trading.

Professionals with sufficient resources to manipulate the market are a whole different story. If you can afford to lose a few million dollars (by dumping a load of coins) to crash the price and make much more on heavily leveraged shorts at other exchanges, of course there's money to be made. Obviously that money has to come from somewhere. Well hello small-fry traders!

Trading is for suckers.
1873  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2020, 06:12:33 PM
There was a young gay from Newcastle
Who wrapped up his shit in a parcel
He sent it by post
To a friend up the coast
Just to show him the size of his asshole.

The limerick's a verse form complex,
Whose contents deal mainly with sex.
It burgeons with virgins
And masculine urgin's
And swarms with erotic effects.
____

A pansy who came from Khartoum
Took a lesbian up to his room.
They argued all night
Over who had the right
To do what, and with which, and to whom.
____

There was a young lass from Madras
Who had a magnificent ass.
Not pretty and pink,
As you'd probably think,
It was grey, had long ears and ate grass.
____

There was an old whore from Azores
Whose parts were all covered with sores.
The dogs in the street
Wouldn't eat the green meat
That hung in festoons from her drawers.
____

Your old friend Jimbo may think
He's so great that his shit doesn't stink,
But the stench of his balls
Peels the paint off the walls
And leaves a brown stain in the sink.
1874  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2020, 02:24:47 PM
Good morning Bitcoinland.

Back up over $9k I see... currently $9149USD/$12600CAD.

Go Bitcoin go.

No vegetasss hmzzzz Sad

I swear imma find a way to cut a bitch over the internet... Enough with the Vegeta's already. I agree.

We need a new meme.

Tired of the same old kindergarten action figures and MSG-based flavor enhancers? How about one of these other fine kindergarten/kitchen memes?



 Cool
1875  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2020, 12:28:27 AM
blah blah blah

Sorry John. It didn't work 20 years ago.

You have about as much credibility as Craig Wright.
1876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 26, 2020, 06:05:22 PM


Hahaha hilarious! Where's Bawb though?  Grin

Further back in the line like the rest of us.

The ones in the pic are just the tip of the iceberg.
1877  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 26, 2020, 04:11:21 PM
Good Morning Bitcoinland.

Still having trouble getting back up over $9k I see... $8800USD/$12146CAD (Bitcoinaverage).

Life goes on.

About French cuisine, I haven't tried much, I have the (probably wrong) impression that the portions are really small and it's all about style, looks, and accompanying wine, than it is about the actual food. Reading your comment, I will certainly give it a thorough test (taste?) drive the next time we go out dining.

When I was talking about French cuisine, I was talking about Classic French Cuisine, not that disgusting aberration called Nouvelle Cuisine.
___

Your impression is bang on for Nouvelle Cuisine. It's basically a scam perpetrated by restaurants to rip off their patrons. They start with the cheapest ingredients, calling them locally-grown and seasonal, reduce or completely omit more expensive ingredients like butter, cream, foie gras, veal, etc., and then reduce preparation time to save labor costs and kitchen overhead.

They don't take any care in presentation. Instead of carefully arranging foods according to shape and color, everything is piled up in a heap in the middle of the plate, leaving large areas of empty plate exposed. They may try to make up for it by quickly slapping on an inexpensive decoration or two, like a kiwi slice or a couple of un-chopped (more laziness) chives.

Portions are indeed ridiculously small. Even if they were properly arranged aesthetically, they might not fill the plate. Gotta make sure you have lots of room for overpriced desserts and those aforementioned overpriced wines.

It's all about maximizing profit.
___

The Classic French Cuisine I'm talking about is the cuisine of Marie-Antoine Careme and Auguste Escoffier, a time-honored  tradition developed over the centuries with the emphasis on creating the finest dishes, despite higher ingredient and preparation costs. It was the food of royalty and wealthy industrialists. Quality was the number one consideration.

Rich stocks were simmered from roasted veal knuckle bones with carefully selected vegetables and carefully matched herbs. Roux was cooked carefully to just the right color for the best flavor. Marinades were blended with care. Meticulous hand preparation was used to bone, stuff, glaze, and trim meats for presentation.

Foods were carefully laid out with careful consideration given not only to appearance but also to aroma and temperature. Sauces were not hidden underneath the meats to try to make the small portions look bigger, but served on top of them to preserve warmth and also to distill the essential oils of the garnishes directly to the diners' noses.  Garnishes were used primarily as aroma enhancers, not decorations. The foods themselves were used as decoration.

Portions were large enough that dinners often took hours to eat. Needless to say this was not conducive to maximizing restaurant profits. They needed fast food, whip it up fast, get 'em in and out the door fast. Thus Nouvelle Cuisine was born.
___

5 of the 9 great cuisines I listed had their roots in Classic French Cuisine.

Nouvelle Cuisine made its debut on the maiden flight of the Concorde. How fitting. Small portions, fast preparation, short meal time. Basically it's airline food.
___

Think about the difference between traditional English and French cooking:

The English boil all the flavor and nutrition out of food, throw away the flavorful, nutritious water and serve the washed out food.

The French boil all the flavor and nutrition out of the food, throw away the washed out food, and add the flavorful, nutritious water to more fresh flavorful, nutritious food and serve it.

Which will be more flavorful and nutritious?
1878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2020, 07:33:43 PM
Good afternoon Bitcoinland.

Trying to get back over $9k I see... currently $8961USD/$12533CAD (Bitcoinaverage).

This could take some time. It will probably be a bit of a wait for $10k.

I consider Italian cuisine as the best tasting food in the world.

Second best (for me) is Middle Eastern cuisine.

On the other side of the scale, the absolute worst has got to be English cuisine.

Italian food is OK and certainly much better than English, German or most American, but I wouldn't rank it near the top.

IMHO, it can't hold a candle to French (the best food in the world), Hungarian, Thai, Mexican, Greek, Middle Eastern, Vietnamese, or even some regional North American cuisines like Cajun or Quebecois.

To each their own, I suppose.

1879  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2020, 02:53:38 PM
Lockdown is numbing
Every day is Sunday
Thank fuck there's Bitcoin

Every day is like
Sunday. It's the seaside town
They forgot to bomb.

Come armageddon
Come nuclear war. Oh, oh.
Every day's like Sun.

Each day is Sunday
When you do not give a fuck
About anything.

Frosty cervezas
And ice-cold margaritas
Yummy gourmet food.


 Cool
1880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2020, 02:11:04 PM
Good morn Bitcoinland.
Nine one forty two dollars
(Bitcoinaverage).

This is so boring...
Feel like going back to bed.
I need more coffee.
___

After Pizza Day
With its polls of Pizzagirl,
Posts have dropped right off.

It takes me back to when
Chartbuddy was all he had
For several hours.

Maybe JJG ,
Cryptotourist and Breher
Are new Chartbuddies.

I guess it's just that
Someone has to keep this thread
Rolling right along.

My contribution
Will be to continue my
Boring morning posts.

 Cool
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