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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 06, 2017, 05:15:45 PM
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Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Wow, $45CAD for plywood sheet?  Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol. To be fair, yes plywood is $45 a sheet and partly due to recent fires in the interior but........... are these fires and "natural world disasters" going to break anytime soon? People will pay until they cannot and then ushers in a higher class who can still afford it and this is where demographics change. The other thing I see devaluing the whole system even more for everyone is the gulf between rich and poor. eg Footballers money is skyrocketing, luxury car makers make the top models increasingly expensive, its not 500k anymore its 3 mil. Now the whole system pegs up and prices in the lower ranges adjust up. As stated, not so for the common guys wages. Frozen for multiple years. |
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3932
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Economy / Gambling discussion / Re: Europa League/Champions League Lounge
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on: October 03, 2017, 07:55:43 PM
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The PSG is showing great effort in the Champions league through its second win against the great FC Bayern.
This team gets its power from the two young players Mbappe and Neymar.
These two players are so ambitious to win the champions league and to score the biggest number of goals.
I think this season PSG will be the strongest candidate to win UCL because the strength of the French team is so strong that even they can be a team hard to beat by big teams like Real Madrid, Barcelona, Manchester United, Chelsea, and Juventus. However, I can not say that PSG will win UCL this season because the chance of winning the UCL title is always open for the whole team. Why not? Football is a mystery. We do not know who will win a competition without us knowing who is at the top of the game. PSG made these big budget transfers to get more success in the European Competition because they got fed up with the Competition in the Ligue1 now they are hungry to get European titles because it will help them get more fan base on international level like Barcelona Bayern Manchester United and Real Madrid these teams are known worldwide and they have the biggest fan base in the world PSG would like to get more of them to get their team on track. But in doing so lost their partisan quality. They were like an small elite unit of equals. And they did well like that. It doesn't matter what head you cut off. After you switch to the big money route I bet there is no way back to that. |
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3933
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 03, 2017, 07:29:58 PM
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Good morning Bitcoinland.
Down a couple of benjamins I see, but over a third of the way back... currently $4300USD/$5378CAD (Bitcoinaverage).
Most alts also down... AltCash currently at $399USD/$499CAD (Coinmarketcap).
I don't see any immediate reason for this strange dip but it's not that deep, certainly not worth buying. We're basically back to where we were the day before yesterday. Strange stuff.
Yup, really strange stuff happening with Ethereum, Monero, ETC too. Constantly going down but bitcoin is sustaining pretty good. But hey, its time to buy some ETC/ETH/XMR, they can't go more down! Altcoins are going down because of the sell pressure of the big investors, they want to accumulate BTC, so they can get a free airdrop from BTCgold....  LOL, so there's something called BTC Gold coming up now? You've gotta be kidding me, I didn't know about that all. I didn't even completely extract my bitcoin cash off from my bitcoin wallets... Now I'll be getting BTC Gold too? I literally am not interested in such pathetic trash!  I thought that was joke about the current split offs, its a real thing! ZOMG |
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