Do you understand what a soviet style collapse implies?
Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.
The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.
Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.
And of course we all know how the economy is doing.
If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.
It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.
What I am not sure is what the exact problem that would inevitably lead in a collapse of epic proportions is. Economic collapse? Inmigration? Something else? I can see factors and cycles, yeah, but I still don't see that "perfect storm" you are talking about. |
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I start to think that maybe we, humans, set ourselves on some kind of a suicide path.
I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns. I don't understand what makes people subscribe to this narrative. What makes you think that we're heading for disaster when just about everything has been getting better on average for the past however many decades? I'm more worried about a meteor smashing earth than humans fucking anything up before someone banking on a solution for whatever problem. And I'm not really worried at all. History repeats. It's much like the seasons, every time is different but the overall pattern remains. Things are shit, people make them better, then things turn to shit again. And the longer peace and prosperity reigns, the harder the fall. All the signs are there. It will likely be a soviet style collapse, but this time on a large scale. C'on Ibian, we have never in history lived better than we do for the past few decades. Or can you point out any moment in time you would have better preferred to live? Which part didn't you understand? The better things are and the longer it goes on the worse it will be when it all ends. As BTCMILLIONAIRE said, even if we were on the verge of an implosion/collapse, we would still end better than we were a few decades ago. It's not like we are going to go back to stone age. |
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If you are poor you should be saving instead of borrowing.
People that really "needs" the money, should never, ever borrow the money.
Enough rant.... I am open for criticism.
Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money. Though of course you must be smart about what you do with the investments. I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^ If I could borrow 4M€ I would  Well, as I said it depends on what you do what that borrowed money. If you use it for getting a better bigger house for living in it, instead as an investment to get a rent. If you use it to buy a better car, to buy better clothes, or to basically have more "free" money to spend on whatever you think makes you feel better as many people did, then that's where the problem comes. People borrowed money and started to spend it like they had already earned it.... That's what basically happened. If you are able to get someone to lend you 4M at almost no interest, and are also able to invest it wisely and safely without upping your lifestyle until you can really do it with YOUR OWN money, then it is ok. Anyways, I would consider that to be way overleveraged... but to each their own. But that's not what most of the people that later couldn't afford to make the repayments did. |
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I start to think that maybe we, humans, set ourselves on some kind of a suicide path.
I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns. I don't understand what makes people subscribe to this narrative. What makes you think that we're heading for disaster when just about everything has been getting better on average for the past however many decades? I'm more worried about a meteor smashing earth than humans fucking anything up before someone banking on a solution for whatever problem. And I'm not really worried at all. History repeats. It's much like the seasons, every time is different but the overall pattern remains. Things are shit, people make them better, then things turn to shit again. And the longer peace and prosperity reigns, the harder the fall. All the signs are there. It will likely be a soviet style collapse, but this time on a large scale. C'on Ibian, we have never in history lived better than we do for the past few decades. Or can you point out any moment in time you would have better preferred to live? |
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Can’t compare BTC with a filthy bank though.... We are going to the moon and beyond while those banks are in for doom and deeper  I just wanted to use the opportunity of showing off a 10 year bear market as an excuse to make fun of DB. They're fucking twats and will hopefully implode like Lehman Brothers did. Banks in general have always made the most of their profit by interest on lending. Before the crisis, they started giving mortgages to everyone and their mother without any due diligence.... then the defaults came so instead of profit for every mortgage they got loses. Now they are way more careful on lending money, which basically means they are not "selling" their main product. The future looks dark for them. I remember the time (before the nineties) when if someone wanted a home he had to pay upfront a good amount to the builder, and then go on paying monthly way before the house was even finished building. No mortages bullshit. Banks were not such a big deal. HOusing prices were low as shit. All the fucking problem of the last decades has been because of lending money to the plebs. That made them think they were "rich" when they weren't. And banks "banked" like bandits on that stupid feeling. If you borrow money because you don't have it, then you will always stay poor. Only borrow money when you are leveraging for a biggest (safe) return. If you are poor you should be saving instead of borrowing. People that really "needs" the money, should never, ever borrow the money. Enough rant.... I am open for criticism. |
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An alternative would be if we stayed around this range for a couple of months, maybe even some more.... that would probably signal this as the true bottom.
What do you guys think about that? Plausible?
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Look. I will give you an advice and I will do it only once: Repeated blatant alt shilling is not allowed here. You want to enlighten us with some really important news of an alt, more so if it could have some impact on Bitcoin? Fine. But if all you do is keep posting alt related nonsense the WO is not place for you. That is not welcome here. Get it? Now behave or get the fuck out. Thanks for your understanding. |
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So..... the last resort now is for a short rekt happening soon?
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I am seriously considering opening a leveraged long if the weekly close here. Probably won't do it though. (Me, not the weekly lol)
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Months ago I remember, someone in this thread(or maybe somewhere else can't remember that too) was telling us it is impossible for bitcoin to stay over 10k or smth. If I remember right, He was saying the real price should be around 5-6k because the amount of cash being injected (or we thought what was being injected at that time) every day wasn't enough to keep the price afloat.
Who was he does anybody remember?
I want to give his medal.
r0ach? If so, make it a silver one, with a swastika. And shove it up his/her ass. |
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Mtgox will refund (partially) their customers in 2019? Yes, looks like it will happen finally. But... going live again? What do you mean? I mean maybe they will not go "live" but they will not be in bankruptcy state anymore. In any case it looks like it will be a huge injection of bitcoins to the marked and a very good opportunity to buy cheap Yes, as they have managed to "recover" (by selling BTC) enough funds to exit the bankruptcy state, they now go into civil rehabilitation. About the huge injection of bitcoins.... Maybe... If we take into account that Kobayashi already sold enough Bitcoins to cover all creditor's claims (FIAT + $450 BTC valuation) it is possible we don't see any major selloff after the distribution. I was very pissed when Kobayashi sold the Bitcoins..... in hindsight, he did very well. I have asked to receive my share in BTC, but if I receive it in FIAT or part FIAT part BTC, I will use the FIAT to buy more BTC. Probably I am not the only one doing that... |
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Good morning guys.
Looks like a quiet Sunday is developing as Bulls and Bears pause to regain strength after a mild Saturday trading session. I would even go so far as to say there might be a buy the dip opportunity but I am remaining cautious of how much of a rebound we will see. With somewhat positive news coming from the G20 summit in Argentina about a 90 day calming period over US/China trade sanctions I believe legacy markets will see a recovery this coming week. This could lead to increased speculation which will bring volatility back in to play.
The same resistance/support area's are still $4.220k/$3.772k Breaking thru either direction is going to take some work and will bring a clearer signal to the market.
Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself? By that logic we would've been in a bull market since 6k. So no, I don't think closing around this level is necessarily bullish. We've also been descending for the past few days since the last high (~4400) and 2h/4h/6h/12h charts look bearish more than anything. Can see either another drop, or a reversal that could be followed by either another drop or the beginning of the next bull market. In either case, a lot of people are going to get rekt trying to trade this. It makes sense. I am not trying to trade this since what I do is mostly scalping and currently I think that the price is not going to stay at this range for long. I am inclined to think it could break up in a few hours (after weekly close) but it could perfectly go down as you say.... Not going to trade that... not yet. I am almost 100% in anyways. |
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never in doubt. just toying with them. let them build up their dreams. then crush them like grapes.
pizdyets |
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Good morning guys.
Looks like a quiet Sunday is developing as Bulls and Bears pause to regain strength after a mild Saturday trading session. I would even go so far as to say there might be a buy the dip opportunity but I am remaining cautious of how much of a rebound we will see. With somewhat positive news coming from the G20 summit in Argentina about a 90 day calming period over US/China trade sanctions I believe legacy markets will see a recovery this coming week. This could lead to increased speculation which will bring volatility back in to play.
The same resistance/support area's are still $4.220k/$3.772k Breaking thru either direction is going to take some work and will bring a clearer signal to the market.
Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself? |
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^ hahahaha I knew someone was definitely going to do that  haha but surely didn't expect me to be that guy i guess I should have.... you have come a long way in your shopping skillz. Pretty fast indeed. |
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^ hahahaha I knew someone was definitely going to do that |
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And who is to say these shady fucks won't sell/use your information? Or their exchange is "hacked" and so is your info? Absolutely. Encouraging citizens to divulge the "private keys" to their ID to every Tom, Dick and Harry has to be the most ill-conceived system of KYC imaginable. The businesses should only be holding signed proofs. Hell, even if you had governments as gatekeepers it would be better than this mess. Enforcing that all needed documents are visibly watermarked (with date and logo of the receiver) before submitting would solve the issue of identikit reuse in case of leaks. The problem is that some places are going exactly the other way around and NOT accepting any watermark in the documents. THAT is crazy. |
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