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1801
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 30, 2018, 08:13:22 PM
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https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming“The EU is in an existential crisis. Everything that could go wrong has gone wrong.” "The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end. The next 24 months are extremely critical. 2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed. The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle. It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure. Yes, but at what cost? A WWII style war with a clear and legitimate enemy would be far preferable to a soviet-style meltdown on a large scale. Even if only under the heading that "less people would die". My guess is that WW3 is in the cards at some point. I agree that would be far preferable to the other scenario. |
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1802
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 30, 2018, 07:37:49 PM
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https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming“The EU is in an existential crisis. Everything that could go wrong has gone wrong.” "The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end. The next 24 months are extremely critical. 2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed. The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle. It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure. |
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1807
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 29, 2018, 08:00:28 PM
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yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?
Merited in spite of quoting the troll. The worst part about him is that he is at least partly right in general. But nobody wants to deal with a pissed asshole. Someone should make a red pill rage support group or something. Also, as thoughtful as his rants may sometimes be, they're often sandwiched in between swastikas and "gas the kikes" memes. Regardless of your feelings about ((them)), that's not a good way to be taken seriously by most people unless you're on stormfront or something. The Aspergers is strong with this one. |
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1808
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 29, 2018, 07:52:53 PM
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No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.
That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K. I find the "If the price drops below X, everyone will buy" argument unconvincing as well. I heard that too many times during the last bear market. "Price can't go below $1,000 $900 $800 $700 $600 $500 $400 $300 because everyone will be buying like crazy!" |
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1813
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: May 27, 2018, 11:27:39 PM
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At this price, I'm wondering if anything is priced in. Further up the coinmarketcap list we see EOS. They have no working product yet, and a market cap 4X that of Monero, all based on a hope and a prayer.
It seems like there's still froth in the market, but in all the wrong places.
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1814
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2018, 01:08:03 AM
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Point is the bulls were very rude to me and others for not playing along with the moon arrows when we were at 10K, and since I have not yet recieved any letters of apology I suppose they are blaming us for this drop as well. I used to see in stock forums the bulls were always blaming bears for ruining their pump and compromising the float lockdown or whatever. I thought it was ridiculous.
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1815
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: May 26, 2018, 02:25:22 PM
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If Monero implemented masternodes I would immediately sell all (3) of my coins.
I would rather be invested in Etherium.
Well... Almost.
Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run. There is of course the long running DASH/XMR market om Poloniex that can speak on this subject. https://poloniex.com/exchange#xmr_dashEdit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs. Do you really think there is a chance that bullet proofs aren't already priced in? I think it's certain that bulletproofs aren't priced in (much). We've only just begun the research phase to see if they're even safe/viable. A parallel might be, what happens to a drug company's stock when they begin phase I clinical trials of a new drug? |
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1817
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2018, 06:24:24 PM
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You know I loaded half a bitcoin to the exchange just to be prepared and I was going to pull the trigger on just that little bit to hedge my bets a bit but you know there is a bit of good news coming out, we see more and more positive charts being posted all over the place, forbes posted an article on hashing power and the price isn't wildly moving. I am feeling good today, and if I am feeling good, the market is probably feeling this, fear is down i tell ya. Seriously I expect a few hundred increase today if not more.
You are coming off as one of those weak hands that "they" are trying to shake. Once "they" get you to sell your half a bitcoin, then perhaps, maybe, prices will be ready to continue UP? KARHU DEMANDS A SACRIFICE |
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1818
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2018, 01:40:37 AM
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I strongly agree with what I think is your more general point that A) commodity money is important B) cryptocurrency is not a replacement or substitute for it
Mind explaining why you think commodity money will stay important? Genuinely interested. Sure. Basically I don't think bitcoin makes a very good reserve asset. It isn't nearly as well suited for a base of the liquidity pyramid as gold is.  Part of what makes it poorly suited as a reserve asset is that technology improves over time. There is a risk that the leading cryptocurrency will always be overturned by new and better technology. Which is a good thing, just not a good thing if you want the properties of a stable long term bottom of the liquidity pyramid reserve asset. Interestingly there is an implication here that if bitcoin can win against all of the other alts and come to soundly dominate this sector it will more closely approximate the utility of gold as a reserve asset. But if it get's overtaken by ethereum or bcrap that could open pandoras box and doubly prove my point. There is also an existential threat posed to bitcoin from forks that you wouldn't want in a reserve asset. There is a technological threat, what if the network gets owned? What if it is built on assumptions that turn out to be wrong? It's well safe enough for speculation and payments and building businesses ontop of, but there is enough of a risk in this regard to hamper its utility as an ultra safe long term reserve asset. TLDR; if you were to insert bitcoin into the pyramid it would fall in-between gold and circulating money, not next to gold, and certainly not beneath it. The (possible) future:  |
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1819
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Other / Off-topic / Re: Wall Observer - Off-Topic Discussion Thread
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on: May 24, 2018, 09:12:30 PM
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so folks, i am curious as to how you all store the bulk of your bitcorns. hardware? paper? offline computer to sign transaction and use an online computer to broadcast? something else??
currently i have the core wallet (same wallet i created late 2011) for day to day stuff. once btc started to gain traction and become more valuable to the point were i wasnt comfortable with that much btc just sitting on a 24/7/365 online rig i sent the bulk of them to paper, where they sat for a few years. last year i swept the paper to a trezor and only reason i swept them was to cash out the free bcashlol.
A ledger and a keepkey. Keepkey sucks though |
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1820
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 24, 2018, 07:38:31 PM
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What no tool vanity plate to go with it? Lol If you have lambo, good for you. You're now part of the tool club along with Ver and CSW. I have a paid off house and still millions worth of bitcoin. So tell me why I would be bitter again? Yeah, it's kind of funny when some guy shows up bragging about his lambo and gold bars, when over half the people in this thread probably have a higher net worth. |
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