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921  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 10, 2021, 01:07:41 PM
End of civilization is near I can feel it.



Their VR garbage world full of ads and useless NFTs will fail.

Desperation feels desperate. Build it and nobody will come.

And the irony is that NFTs are the "tulip mania" of our time, not Bitcoin.
922  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2021, 07:09:13 PM
If they don't continue to prop up certain markets with free credit and tons of leverage, then we get deflation at the mega corporate level, which causes paper wealth destruction, credit to evaporate, and profits to go negative, which translates into massive worldwide layoffs.



So buy stonks in Brawndo?
923  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2021, 06:45:58 PM
Looks like news of the China real estate defaults are starting to affect corn prices negatively?

This is a fascinating dynamic to me.  The Chinese real estate meltdown stands to be the gasoline on the fire that has been burning since the similar situation 13 years ago (that Satoshi mentions in the genesis block).

And that will have possibly profound effects on ALL markets.

But, as we are aware bitcoin has a particular property that makes it a VERY attractive haven in the midst of a storm like the one I think we are watching unfold.

So, I think as this gets worse all markets drop as money is moved to risk off investments.
 Bitcoin is still crazy speculative, and poised to be the most pristine risk-off asset in the world.

As much as I would like to see Bitcoin;s famous volatility fade a little?  I do not think we have seen the end of it yet.  But it should be interesting to watch.

Risk off as in deflation of ridiculous 100X leverage? Yes. (the price will move down or be flat in the short term as it finds a new bottom)

Risk off as in hedge funds NOT acquiring the underlying bitcoin asset on the DL? No.

As traditional overinflated equity markets drawback, all that money will be looking for safe hedge assets to run to. Because cash is still trash, and they know it.

Let's see what happens in the New Year.

Yep.  I think you are saying basically exactly what I mean.  We may still see volatility and (flash?) crashes since all markets will hurt in this, but ultimately this is possibly one of the safest places for money to go!  And THIS TIME there are HUGE NUMBERS of "trad" finance folks that are waking up to that fact.  As is always said if funds only park 1-5% here??  BOOM.

*EDIT* One other thought.

Bitcoin CONTINUES to make the journey for a Risk-on asset to a Risk-off asset.  And the opinions on which it is are QUITE polarized.

The old guard see it as a ridiculously speculative and volatile asset.  And of course they are right, particularly in the short term.
And the new folks see it as the (potential)  most pristine risk-off asset humanity has ever discovered. And of course they are right, particularly in the long term

It is similar to how money is made playing poker.  The game is all about luck in the short term. The next card decides all our fate.  But in the long term you make money by making the right decisions at each point of the game regardless of the next card.  Bitcoin is just the same, and the right decision is to place the majority of our wealth in it .  But sometimes we lose sight of the double goodness we have from being early.  For us right now the ASCENT is forefront in our minds. But in the end SAFETY will become the biggest selling point.

Good thoughts.

I tend to still think of the ongoing deflationary environment that we are in worldwide. They (traders, investors, banks, hedge fund managers, etc.) can continue to take free money from the Fed all they want and speculate in the markets, and attempt to keep certain markets and stocks propped up every year. But eventually deflationary forces are going to increase to the point where they start to overwhelm the markets. Like trying to kayak up stream. And I think China, being the world's second biggest economy, is likely the catalyst that is going to cause the dam to break.

The Fed can sit there all day and say that they don't want excessive inflation because that hurts economic growth, but the fact is that deflation destroys economic growth just as much when it is all fake (debt based) growth. If they don't continue to prop up certain markets with free credit and tons of leverage, then we get deflation at the mega corporate level, which causes paper wealth destruction, credit to evaporate, and profits to go negative, which translates into massive worldwide layoffs. Which in turn causes even more deflation, and more massive layoffs, and then we go into a vicious deflationary spiral called The Great Depression 2.0.

So yeah make no mistake, the wealthy elites are starting to hedge on the DL so as to not alert the public, all the while still pumping highly leveraged money into stonks. They do this because they have no choice, they HAVE to. They will continue to buy Bitcoin without moving the price, and will continue to drain the float. All this will eventually lead to the next leg up, most likely whenever the Fed decides it's time for another abrupt black swan market crash so that they have an excuse to print up another $6-7 Trillion at 0% interest rates.

Once the Fed tries to take the punch bowl away again (taper) for any length of time, look out below (stonks) and moon (Bitcoin).
924  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2021, 02:08:19 PM
Looks like news of the China real estate defaults are starting to affect corn prices negatively?

This is a fascinating dynamic to me.  The Chinese real estate meltdown stands to be the gasoline on the fire that has been burning since the similar situation 13 years ago (that Satoshi mentions in the genesis block).

And that will have possibly profound effects on ALL markets.

But, as we are aware bitcoin has a particular property that makes it a VERY attractive haven in the midst of a storm like the one I think we are watching unfold.

So, I think as this gets worse all markets drop as money is moved to risk off investments.
 Bitcoin is still crazy speculative, and poised to be the most pristine risk-off asset in the world.

As much as I would like to see Bitcoin;s famous volatility fade a little?  I do not think we have seen the end of it yet.  But it should be interesting to watch.

Risk off as in deflation of ridiculous 100X leverage? Yes. (the price will move down or be flat in the short term as it finds a new bottom)

Risk off as in hedge funds NOT acquiring the underlying bitcoin asset on the DL? No.

As traditional overinflated equity markets drawback, all that money will be looking for safe hedge assets to run to. Because cash is still trash, and they know it.

Let's see what happens in the New Year.
925  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2021, 06:07:21 PM

I honestly don't mind paying my fair share of tax. Can't be greedy now. Just a heads up to all in the uk

I very much mind paying any tax to such fuckers, when instead the government could just print some more fiat from fresh air. In fact, when a government can magically create money from nothing whenever it wants, it makes me question why I've been paying taxes my whole life.

Because any government that attempted to do that would be rapidly facing hyperinflation. I don’t know about you but I wouldn’t want to live in a country like Weimar Germany or the Zimbabwe of a few years ago.

I hate to break it to you, but it's already happening. You've heard of "quantitative easing" right?

EDIT:  you might also have heard it called "money printer go brrrrr"

The only difference between inflation and hyperinflation is the relative speed change.
926  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2021, 05:45:04 PM
I moved just 1 bitcoin onto coinbase a few weeks ago and this morning I got this from HMRC
fucking vultures



That's just a tax scare letter. See point #1. Unless you sold for fiat or converted assets, you don't have to do anything.
927  Other / Off-topic / Re: [WO/Hat-Gang Only - MODERATED] The fucking COVID vax thread (No hat? Fuck off!) on: December 08, 2021, 05:38:21 PM

https://i.ibb.co/Y76nY5n/Covid-Post-Pandemic-Stress-Disorder.png



I guess they don't want people to actually read the package insert pdf for the Pfizer vaccine, page 13:
https://www.fda.gov/media/151707/download

Quote
6.2 Postmarketing Experience  
 
The following adverse reactions have been identified during postmarketing use of COMIRNATY, including
under Emergency Use Authorization. Because these reactions are reported voluntarily from a population of
uncertain size, it is not always possible to reliably estimate their frequency or establish a causal relationship to
vaccine exposure.
 
  • Cardiac Disorders: myocarditis, pericarditis
  • Gastrointestinal Disorders: diarrhea, vomiting
  • Immune System Disorders: severe allergic reactions, including anaphylaxis, and other hypersensitivity reactions (e.g., rash, pruritus, urticaria, angioedema)
  • Musculoskeletal and Connective Tissue Disorders: pain in extremity (arm)
928  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2021, 03:01:51 PM
Wish I could invest in inflation, it only goes up  Cool






...and you're 75 years old but you still have to work and can't retire.
929  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2021, 12:49:04 PM
OT:

Die in peace just got real.



Switzerland has just legalized a new way to die by assisted suicide. The country’s medical review board has just given authorization for use of the Sarco Suicide Pod, which is a 3-D-printed portable coffin-like capsule with windows that can be transported to a tranquil place for a person’s final moments of life.⁠

Once inside, the person intending to end their life will have to answer pre-recorded questions and press a button that will start the process of flooding the interior with nitrogen, which will quickly reduce the oxygen level inside from 21 percent to 1 percent. “The person will get into the capsule and lie down,” he said, adding, “It’s very comfortable.”⁠

If they are air tight in a vacuum and can be launched into space, I'm in.
930  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2021, 12:45:55 PM
Proven Cheater!

https://aje.io/zft9fq
The case is Kleiman v. Wright, 18-cv-80176, U.S. District Court, District of Southern Florida (Miami).


Wait, I'm confused.

Who does CSW have to pay this $100M to?

And why does he view this as a "win"?

Also saying "The jury did not definitively disprove I am Satoshi" is the most retarded gaslighting statement ever.
931  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2021, 04:59:13 PM
Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.

Yep. A lot of people would question "Well then why did they take out real fat from grocery products if they weren't bad for us?"

It had nothing to do with health. It was a cost issue. Real animal fat is a very costly component of prepared food products, and was getting more expensive by the year to include. The food industry was looking for every way imaginable to cut costs of food products in order to increase or maintain profit margins that were constantly decreasing. Real animal fat also goes rancid very fast, and so the food industry needed new (fake) fat products that were more stable so that their food products could sit on store shelves MUCH longer without going bad, extending their expiration dates to crazy levels.

Enter fake fat. Real butter gave way to margarine, whole milk gave way to skim and fat free milk, whole fat yogurt gave way to low fat and fat-free yogurt, real oils gave way to trans fats, cotton seed oils, palm oil, Olestra, etc. In order to preserve the taste after real animal fats were removed, fillers, sugar, and high fructose corn syrups were added. They also made sure to fire up an anti-fat campaign decades ago, and marketed and sold these products to the consumer as "Low Fat" or "fat free", and supposedly good for you. Now they are pivoting these same products to "Vegan-friendly".

And now here we are, with a global obesity epidemic that gets bigger (no pun intended) every year.
932  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2021, 01:06:26 PM
“#Bitcoin  creates its own reality“
https://twitter.com/tip_nz/status/1467190775989489664?s=21

This tweet brings up the idea that time is money, and money is time. Most Average Joe sheeple think that every fiat dollar they earn is an honest unit of work expended into the global GDP.

But if your salary and the salary of every other person around you is paid in money that is printed by the FED for free (to the tune of $120B/month), does that mean your time-spent work truly has any lasting value?

Nope.

And that's the rub. We're now living in a zombie-corp run world, with global work solely propped up with freely-printed monopoly money. And they want its spending value to melt as fast as cotton candy in a rain storm. Look for CBDCs in the future to have an expiration date.
933  Other / Off-topic / Re: [WO/Hat-Gang Only - MODERATED] The fucking COVID vax thread (No hat? Fuck off!) on: December 05, 2021, 12:52:01 PM
vAccINes ToTaLLy SaFU


https://twitter.com/iMadgen01/status/1467245175864840196




ALsO SaFU fOr 5 YeAr OLds

https://medalerts.org/vaersdb/findfield.php?IDNUMBER=1890705
934  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2021, 06:49:38 PM
WEEEEE!!!

Oh noes, me thinks he got the Gembitz21  Shocked


There's no vaccine for, or even natural immunity against GB-21.

I caught it in Feb, was constantly uttering WEEEEEE! for about 8 solid weeks. The knock on effects were brutal though.
935  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2021, 12:21:37 PM
This Michael Saylor Tucker Carlson interview might be more important than we might think...

Perhaps, but I am always sus on timing of such MSM displays.

The bigger question is why now?

With inflation through the roof, why not now?

Well in the past few years, whenever the MSM would go big on talking positively about Bitcoin on live TV in order to raise awareness (e.g., Mike Novogratz being trotted out to wax love for Bitcoin, the Winklevii being interviewed about Bitcoin, an SNL comedy skit about Bitcoin, Ellen talking about Bitcoin on her talk show, Elon Musk on SNL talking about Bitcoin and Doge), it would be right before a massive bull trap incoming. That's always been part of the whale insider playbook. They just love to trap the n00bs.

THAT's why I'm always sus on that stuff.

Of course

1. I hope I'm wrong

-and -

2. Long term HODLers unaffected  Grin



This aged well guys. No really it did.

Beware when the MSM has some Bitcoin evangelist on national television.
936  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2021, 05:52:44 PM
It really does come down to macro nutrients.  Thre are two big things we eat now that we did not used to.  Highly refined carbohydrates and seed oils.  People who drop those two things will live longer and look more like our great grandparents who did not eat them.

Don't forget sugar. The average modern Western diet is loaded with massive amounts of sugar. It is pervasive in pre-packaged and pre-prepared food products. Our great grandparents did not eat this on the regular either.

The MSM (FDA and food industry) also spent decades vilifying fat, especially saturated fat, as the root cause of all health problems and disease. Even obesity. And because of that, most Americans have continued to reduce or try to eliminate fat consumption from their diets while increasing their refined carbs intake.

But new studies and research is out there (buried by the MSM, of course) that prove that fat (including saturated fat) is not only NOT bad for you, it's fucking essential to a healthy diet. Go figure.
937  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2021, 04:11:44 PM
The world normalizes a worldwide obesity epidemic that's only getting worse as no big deal.

I could go on and on, but I'll stop here.

And then they call us Bitcoin buyers as "crazy".  Roll Eyes

I'll pick this one, only because you mentioned it. A lot of the world are in hunger or poverty. The people who have obesity have a different problem and for many of them it's a personal thing. Only a few of them have a real medical condition that warrants treatment, the rest should be able to fix themselves on their own if they can just eat less.

Again, there are some who have real problems, but it seems to me a lot of the others have the problem in their heads only.

It's not just a matter of eating less, it's also eating differently. I could spend an entire JJG-like diatribe talking about how the FDA and the food industry have conspired to make sure their unhealthy, carb-and-sugar laden food products (with high profit margins and next to zero nutritional value) are cheap, plentiful, and championed in the Media, vs. clean healthy meat (protein and fat) and vegetables that are getting media-smeared and made more expensive by the day.

Ever wonder why in this high inflation environment, that a bag of potato chips or a package of cookies barely goes up in price, while at the same time 2 lbs. of ground beef nearly doubles in price? That a bag of apples nearly doubles in price? There's a reason behind that. (not that I buy chips or cookies, that's garbage).

Just go research the evolution of available food over the decades in places like Tonga and the Pacific Islands, and their subsequent explosion of obesity epidemics with associated heart disease and Type-2 diabetes.
938  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2021, 03:38:34 PM
I had to look up the word "tapering". Isn't it amazing it's so normal nowadays for the FED to buy assets, they even came up with a word for when they buy a bit less?

The world normalizes the Fed having to buy $120B/ month or else the world economy collapses into another Great Depression 2.0, as not a dire situation.

The world normalizes negative real rates with a shrug, like it's no big deal.

The world normalizes inflation running at 12-15% annually like it's no big deal.

The world normalizes tens of millions of jobs lost annually that are never coming back, with a shrug.

The world normalizes graduates carrying $100K+ in student loans that they'll never pay back for a basic degree, with a shrug.

The world normalizes a housing crisis that's only getting worse as no big deal.

The world normalizes a worldwide obesity epidemic that's only getting worse as no big deal.

I could go on and on, but I'll stop here.

And then they call us Bitcoin buyers as "crazy".  Roll Eyes
939  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2021, 02:51:58 PM
Guys, just a PSA reminder on how markets work.

This is THE primary month for selloffs. It is customary to sell winners in order to offset losers for tax purposes.

This is a cyclical thing and happens every friggin year.

Please remember this and temper your expectations appropriately.

/end rant

Oh?

We are going down then?

No pumpening impendening?

I still stand by my prediction that the price won't really go anywhere significant until January 2022.

And for those wishing that it would double from here by the end of December, it would never hold that price for very long. It would get PnD'ed. So why would you want that?

What you want is a newer high with a new floor that will stick.
940  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 02, 2021, 04:26:07 PM
Guys, just a PSA reminder on how markets work.

This is THE primary month for selloffs. It is customary to sell winners in order to offset losers for tax purposes.

This is a cyclical thing and happens every friggin year.

Please remember this and temper your expectations appropriately.

/end rant
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