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641  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 17, 2017, 10:54:16 PM
If you ever thought the debt would not be defaulted on or alternatively devalued by hyperinflation, this mike maloney chart tells you all you need to know about that: 

https://www.youtube.com/watch?v=x7q-73dpBKo

Alternatively, they can do something like revalue gold at $20,000-$50,000 an ounce, but those are basically the only 3 options.  Places like china + india + russia now own such large amounts of gold they have no incentive to force a gold only standard on people because it would make india too powerful, so they don't really have any reason to try and stop silver from rising too.  The profits are almost mindblowingly unbelievable, but I think you will eventually see something like gold $20,000 silver $600.
642  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 09:30:57 AM
So, what happened?

Well, congrats to Mat for the MatTheMat reverse indicator working like a champ again.  A call for $1500 was made and now we're looking at a nice $1100 bear market.


643  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 17, 2017, 07:08:59 AM
Well, congrats to Mat for the MatTheMat reverse indicator working like a champ again.  A call for $1500 was made and now we're looking at a nice $1100 bear market.

644  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 06:51:32 AM
It's official:

http://www.youtube.com/watch?v=agwMwbmMNbk
645  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 12:31:54 AM
A lot of people will probably lose their shirts due to it, but I bet BU trying to fork will end up with a segwit coin with new mining algo in retaliation + Winklevoss and Roger Ver dumping all those coins.  Bitcoin has a hard time moving forward with horrible distribution and centralized mining, so it would be better off in the long term, but short term will be mass rape.
646  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 12:19:21 AM
It'll be a total shitshow. The two warring factions will get coins on both chains, so they'll all start dumping on the chain they don't like while alts take over.

This. Bitcoin's dominance is already lower than it's ever been. With a hard fork, at least one alt is bound to surpass its mcap, which will be catastrophic.  Undecided

For now, I don't think that they "take over". There is no real competitor in the top 10 of altcoins. D*sh is instamined and semi-centralized cr*p, ETH is not about payment but more a B2B solution. NEM is the Japanese Bankster Coin (JBC) and has a shady, blockchain-bloat-encouraging algorithm. Monero ... is OK but has even more scalability issues as BTC. Ripple and Byteball are totally centralized. LTC? Don't think so. So there is no real contender but all together could capture 50% of market share - and that would be already a hit for BTC.

Yep, if a hard fork managed to crater BTC, the market cap on all those alts is also going to be 1/2 or less of what they are now.  There is no way in hell I would be holding alts if I thought the price of bitcoin was about to crash to $500-800.
647  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 12:03:13 AM
It'll be a total shitshow. The two warring factions will get coins on both chains, so they'll all start dumping on the chain they don't like while alts take over.

Bullish silver.  Adam can't fork my silver.
648  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 16, 2017, 11:58:55 PM
I want to make enough money on bitcoin to live on it for the rest of my life

Which is pretty damn hard to accomplish when people like the Winklevoss and Roger Ver own so much of it.  They would become the richest people to ever walk the planet by virtue of doing...basically nothing.  The odds of occurring are probably higher than 0%, but not exactly large.  That's just the distribution side of the problem to deal with while also having the technical side.
649  Alternate cryptocurrencies / Altcoin Discussion / Re: When will the marketcap of Ethereum surpass Bitcoin? on: March 16, 2017, 10:46:56 PM
Ethereum is a scamcoin where banks in R3 group were upset they didn't get any early distribution of bitcoin so they just bought the Ethereum premine and tried to pump and dump it while hoisting it into morons at elevated prices.  It's been a scam from day one just like every premine coin before it.
650  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 16, 2017, 08:19:02 AM
Would you say?

You posted a buy the dip chart, although the inflation adjusted numbers and chart scaling are completely bogus.
651  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 07:00:09 AM
This is similar to the debate 'vaccines cause autism'. One side has actual data to support their claim that it doesn't, the other has pseudo-science and 1 false research which claims otherwise. Roll Eyes

This is complete bullshit.  Some vaccines are more dangerous than others, like the pertussis vaccine which is known to cause brain swelling aka brain damage, which has been observed in mice and humans.  They bundle this vaccine in with the tetanus shot.  I got bit by a dog and took once and couldn't concentrate to read for like 48-72 hours after taking it.  I'll probably never touch a vaccine again, especially not that one (which is probably the most dangerous one of all).  Then the secondary issue about whether the all the side byproducts in the vaccine like mercury and formaldehyde are bad for you is a whole different issue.  If there is any single vaccine to avoid, it is the pertussis shot.
652  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 16, 2017, 06:28:51 AM
, which any sane person would do
*sigh* no, what you chose for your own reasons is not "what any sane person would do". Explain why it was the right decision, especially in light of current price levels.

There are two types of people in the world, those who think Bitcoin is somehow guaranteed to succeed (even at 4 TPS) and will become the world reserve currency, and those who believe it has a very slim chance of being the world reserve currency and also has a high chance of failure.  Even if you believe it's some type of amazing invention, the distribution is pretty much terrible with no way to force it onto other people when they can already use things like gold and silver which are superior stores of value and reducers of counter party risk in the first place.  

So I do mess with Bitcoin for gains and a hedge just in case of wider adoption, but I'm not some fool who believes it's guaranteed to succeed, especially with all the technical and scaling problems it has.  If bitcoin doesn't adopt some type of scaling solution, whether that's segwit or something else, it will probably start to hit a wall at $1-2 transactoin fees and fees are already up to like $0.60 now.
653  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 16, 2017, 04:39:34 AM
Current shitcoin market:

Are alt coins taking over? What the fuck is going on?

This don't look too good for bitcoin

Nah, the writing was on the wall that with the ETF being rejected, "they" (as MatTheMat refers to) couldn't keep raising it higher and higher and find people to dump their expensive coins on.  What you just discovered is how small and manipulated this entire market really is.  It looks like to me that Digital Currency Group transferred out of BTC and over to Bologniex to pump scamcoins (to find idiots to dump expensive Eth on) and this single entity (including their media outlet mouthpiece Scamdesk) can control the price of all alts at once or if BTC goes up or not.  The bitcoin market is not that big, it's all an illusion.
654  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 04:37:01 AM
Are alt coins taking over? What the fuck is going on?

This don't look too good for bitcoin

Nah, the writing was on the wall that with the ETF being rejected, "they" (as MatTheMat refers to) couldn't keep raising it higher and higher and find people to dump their expensive coins on.  What you just discovered is how small and manipulated this entire market really is.  It looks like to me that Digital Currency Group transferred out of BTC and over to Bologniex to pump scamcoins (to find idiots to dump expensive Eth on) and this single entity (including their media outlet mouthpiece Scamdesk) can control the price of all alts at once or if BTC goes up or not.  The bitcoin market is not that big, it's all an illusion.
655  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 16, 2017, 04:28:41 AM
So that explains the sudden saltiness towards Bitcoin......u converted from Bitcoin to precious metals way too soon.

I already told you probably 10 times, first time I messed with gold was going all-in on gold at $420.  As the price of bitcoin turned parabolic on the macro chart, I began to sell some bitcoin for metals, which any sane person would do.  I already posted a picture of my gold receipt in this thread ($1149 spot).  That's as good of a price you're going to get for gold.  I know the metals market just as well as BTC.  When they were naked shorting silver in the west, China wouldn't budge from $17.80ish in the east with a $2 spread.  The western Jew bankers read that signal and decided to not try and push it lower.  Western Jews also decided they don't want a higher spread than $20 in gold either.  The bottom on gold and silver should already be in.


and on that note, going by the way you  talk about how corrupt the Bitcoin sphere is, I reckon you definitely must have got burned on Finex. Leaves a very bad taste in the mouth doesn't it? A taste so bad, that you just can't bear to play this game any longer?

LOL, still continuing your fantasy thinking I lost money on Finex?  I was up 800% in 2016 and withdrew from Finex immediately when the bull market ended (which was before they goxed).  The only thing that infuriates me is that I have no viable exchange to margin trade on now.  Bitmex and Finex are both useless and the fact that Finex is still the market maker for price makes me consider any current price of bitcoin invalid.
656  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 03:53:17 AM
I have infiltrated the Chinese trading market:

<fuq> chinese ppl hang pork in the air to dry to make bacon
<fuq> they hang bacon next to their clothes
<fuq> lol
<Ren-CN> lol
<Ren-CN> yes
657  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 12:17:44 AM
In Venezuela, definitely bitcoin.

I've already looked up info on Venezuela before.  I expected bitcoin to sell for a premium there...but no..it seems to sell at a loss if anything for the only instances I could find.  Metals seem to have an enormous premium, though.  I also expected lots of cheap real estate deals you could buy using external currency, but nope.  Real estate is actually sky high with shitty houses for high amounts of cash.  People seem to be buying up housing to avoid hyperinflation/currency collapse.
658  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2017, 11:47:16 PM
I want to know where to purchase food directly with gold.

Do you think this guy is more likely to accept bitcoin or gold?

659  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2017, 11:30:09 PM
because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.
660  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: March 15, 2017, 11:14:53 PM
So, I have 2016 gold and silver Britannias and just got some 2017 silver ones when spot was below $17.  The new security imprint thing on the 2017 silver Britannias appear to have the same quality control issues that Canadian coins do now.  They have weird spotting at least on the ones I got, while the 2016 ones didn't seem to have this problem.  Seems like American silver eagles are the most consistent in quality of stuff I've bought.  My advice for silver is either just stick with eagles or buy 10 oz or 1 kilo bullion bars.
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