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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 27, 2021, 03:17:56 PM
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My birthday today, I'm now 60, got celebrated by the family earlier. I didn't really care that much when I turned 50, but 60 does make me feel a bit old. O well,nothing I can do about it, back to the internet and my model rocket rabbithole.
Congratulations! You know that saying about old fools, right? "You don't get to be old by being a fool."
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1363
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 26, 2021, 12:54:31 AM
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So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.
I'm a VW fan. Which model? It was a TDI Sportwagen. Still is, I guess . They delayed delivery three times so I cancelled. Then I saw they'd actually got it fairly close so I called to give them another chance but apparently they're not competent enough to swing that so it's showing as purchased by someone else now. Ah well, there are other cars. Cashing out for nothing stings though. I'm hoping someone local bought it so at least they'd be screwed out of the delivery charge for getting it from Nevada. Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.
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1369
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 24, 2021, 12:07:20 AM
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Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal. I guess one could argue that it's dangerous because it's unnatural - but then look around you, your entire world is unnatural. Microplastics in your tap water, VOCs from your home's building materials, what's a little a synthetic meat in the mix? And then the next thing you know...
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1371
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 23, 2021, 02:17:27 PM
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Are you seriously coming back to this thread after all this time to start this shit again. Fork off!
Checks for admin or mod flair. Observes none. Disregards gatekeeping attempt. Some people get really uncomfortable hearing views which don't agree with their own. It's the curse of this age. I got a better idea, Richy. Why don't you leave the block size issue up to the Bitcoin core developers to decide what/when/how to do about it? Ok? Instead of coming back here just to kick an old hornet's nest with the WO peeps? It's not like *we* have any control over it anyway. There's no point in even debating it here.
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1372
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 23, 2021, 01:59:28 PM
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https://www.cnbc.com/2021/02/23/bitcoin-btc-price-falls-below-50000-as-janet-yellen-raises-alarm.html"“It’s a virtual forest fire,” said Glen Goodman, a U.K.-based trade. “The wood was bone-dry and waiting for a spark. Elon Musk was that spark.”
“Crypto futures traders were borrowing so much money to buy Bitcoin contracts, they caused borrowing rates to skyrocket,” Goodman added. “By Saturday 20th Feb, they were paying 144% per annum. Clearly that situation couldn’t continue. In those conditions, prices have to fall to shake out the over-optimistic borrowers and return borrowing rates to normal levels.”
Bitcoin has been getting traction from mainstream investors, in part because of the perception that it’s a store of value similar to gold. Bullish investors claim the cryptocurrency can act as a hedge against rising inflation.
But skeptics warn that bitcoin has no intrinsic value and is one of the biggest market bubbles in history. Analysts at JPMorgan last week said bitcoin was an “economic side show” and that crypto assets rank as the “poorest hedge” against significant declines in stocks."
Laughable how they always end every Bitcoin article with the negative thought.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 22, 2021, 04:19:51 PM
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Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.
Any large institutional investor that takes up a big long position in bitcoin:
1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.
2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, fees & other costs, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 21, 2021, 08:48:04 PM
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Plus the CNN narrative and choir are not going to very warm towards bitcoin. We might as well get used to hearing that it is white supremacy, toxic male, environmental disaster tulips. I will eat my shoe if they present it a different way.
Well, how do we get ourselves out there as more accurate sources of information. I understand that in the "penny paper" dot.com information economy what sells is salacious crap as opposed to facts, but we should be trying for just a BIT more accuracy. Maybe we need someone as an interesting spokesman. Maybe a flaming gay rich bitcoin dude building Rancho Apocalypse II to catch peoples' attention but then saying basic facts and truths about what bitcoin is, how it works, etc? Or someone driving around the country buck naked in a top notch Lambo at 55mph. That would probably garner some attention, bring the click shit to CNN and allow a more rational discussion. Hm.... ... or a mature musician with properties in Mexico shopping for a private lake in his native Canada? ...or Elwar's story...
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1380
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 21, 2021, 02:06:06 AM
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"Deficits don't matter." "A college education is the only way to make it in this world." "401Ks are the key to building retirement wealth." "Rates going to zero, or even negative, are not a problem." "Stocks can only go up." "We can keep printing money forever, we own the printing press." "Universal Basic Income will solve all of our problems." "Bitcoin is a tool for criminals and drug dealers, a fraud, a scam, baby-brains squared...and it's going to zero."
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