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1342
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 14, 2021, 05:12:11 PM
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eToro has taken The Way of The Scammer. They closed all "newly underleveraged" positions within just a few hours of warning. The position became newly underleveraged because eToro changed the rules overnight. Come to eToro... it means eBull... now I see what that bull was supposed to do to the customers victims. No rusty pipe needed - all organic!  |
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1343
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Other / Politics & Society / Re: What do you guys think about MOVIE-TV politics??
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on: January 14, 2021, 04:44:55 PM
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I've been noticing this for a while, but it's only recently that I really got pissed off. WTF... black people ruling noble families in Victorian England? I guess political correctness has become more important than historical correctness. This was the realization that really triggered me.
I propose we demand that the next King Lear be played by a black woman. Openly gay if possible. Or else we ban Willy Shakespeare altogether: the racist cunt never wrote a black protagonist.
It’s that bridgeton serie or something not? My Gf is enjoying that LoL  But indeed, it’s just WAAAAY off... Yes, that's it! I'm not watching it - don't like the genre very much - but some (female) relatives are crazy about it. In the Netherlands a 23 y old girl made the news, she made a gender free deck of cards cause the old ones refer to stats of King higher as a Queen etc ...WTF
Made the news like it’s a good thing...
I'm fairly sure this madness will fade, and at some future time they will laugh at us. |
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1344
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Other / Politics & Society / Re: What do you guys think about MOVIE-TV politics??
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on: January 14, 2021, 04:04:37 PM
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I've been noticing this for a while, but it's only recently that I really got pissed off. WTF... black people ruling noble families in Victorian England? I guess political correctness has become more important than historical correctness. This was the realization that really triggered me.
I propose we demand that the next King Lear be played by a black woman. Openly gay if possible. Or else we ban Willy Shakespeare altogether: the racist cunt never wrote a black protagonist.
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1345
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 14, 2021, 01:21:44 AM
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clear statement of the US army. We support and defend the Constitution. On January 20, 2021, in accordance with the Constitution, confirmed by the states and the courts, and certified by Congress, President-elect Biden will be inaugurated and will become our 46th Commander in Chief. case closed. ... think for a minute why they feel the need to release such a document. All must not be well inside the Pentagon either ... Save their asses in view of the coming purge? Someone will have to take the blame for the National Guard not answering the first call. |
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1351
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 12, 2021, 09:50:08 PM
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From the article: "Parler’s site was a mess. Its public API used no authentication. When users deleted their posts, the site failed to remove the content and instead only added a delete flag to it. Oh, and each post carried a numerical ID that was incremented from the ID of the most recently published one.""Another amateur mistake was Parler’s failure to scrub geolocations from images and videos posted online. Sites like Twitter and Google routinely remove such metadata from content posted by their users. The video files hosted on Parler, by contrast, were “raw,” meaning they still contained this information."What is this? A social network for ants? I'd say for losers. Coded inside the community. |
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1354
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 10, 2021, 08:15:16 PM
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A few thoughts about the current bitcoin price:
1. With the price at about $40K, bitcoin has to go to $8mil/btc (~160 tril market cap) to replicate the move from roughly $200 in 2015 to about 40K now. This might still happen, but it would probably take several decades and could only happen is at least half of current world wealth would be denominated in bitcoin. M. Saylor has a 15 mil target, which is basically 100% replacement-upper bound.
2. From these numbers it becomes clear that coming right now with a small investment would not mean that you would become super wealthy, or at least not anytime soon, and you need to understand this situation.
3. Having said that, buying about a quarter of btc now ($10k) makes perfect sense as it is more than 89 earthlings combined could have (on average). Invest about $11K and you are in 1% as far as btc is concerned. The $ number would obviously go up in the future. In fiat ($$), you have to have about $5mil to breach the 1% (in US) in wealth, with about $11mil being the median.
4. We are currently observing fiat wealth (hedge funds, family offices, some companies) being thrown into bitcoin, so there is an intense competition to buy. Very wealthy do not need large % gain since they already have wealth and want simply to amplify it.
4. Conclusion: maybe a bit late to make insane gains for a smaller individual investor, but investing as little as $11K in btc at this moment might EVENTUALLY bring you or your family to top 1% in wealth, albeit it would most likely take some time (in my estimation, decades).
Bitcoin is still recognized and taken serious by a minority of people, but this "audience" seems to grow, and on the other hand fresh supply is capped every 4 years, and you can see the decline in free coins on exchange statistics and global analytics (glassnode). Based on this, bitcoin doesn't even need that much fiat inflow from traditional SOV, it just needs to basically run out of current market supply, while buying interest goes up. We saw 2017, how fast demand can grow. Consider that this demands meets rareness of available coins, when all the weak hands already sold for profit and only freshly mined coins could be available for buyers. How would that fit into your long term picture? Indeed, all the talk about market cap should be taken with a tablespoon of salt. If institutional FOMO meets choked supply, the marginal price for the next bitcoin to be bought/sold can rocket up to impossible highs, but that still doesn't mean half of the planet's wealth (or any other preposterous fraction) needs to be denominated in btc. That marginal price can plummet down easily if too many hodlers look for a way out in sync. |
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1358
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 10, 2021, 06:50:09 PM
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That's a good summary, but current situation does not fit any of 4. Basically, today a very strange concoction is highly up: "privacy" coins and strange shitcoins like ETC. Not sure that it means much. I think privacy coins do have legitimate use cases that differentiate them from bitcoin enough to justify some value. That is until privacy sidechains and other L2 solutions implement real privacy on bitcoin too. Strange shitcoins (including Turing complete duh duh duh ETH, needing an occasional chain reversion because duh duh duh bugs) are quite another league. The shit league. |
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1360
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 09, 2021, 10:13:53 PM
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See this photo. Back in the sixties as a young boy I can remember a girl doing that with me looking at her missing part wondering what happened to it. When I was a young kid (early in elementary school), one of my female cousins (older than me, maybe she was around 12 y-o) took me to her room to "show me something". She undressed completely, laid in bed and asked me to touch her. I didn't even know what was going on. I touched her, and she touched me too and seemed to enjoy it. I can't say I enjoyed it much... She made me swear not to tell anyone.  you lucky boy you!  AlCoHodL cries cousin, wait ten years or so got bread but no teeth #haiku |
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