r0ach's Cryptomarkets Watch & Scamcoin Observer

[smooth]

[...]

I think Armstrong will end up being correct about bitcoin (not surviving the other side of 2020) let's see.. 

It is not clear if it will destroyed or merely turned into a tool to confiscate wealth, and a better Paypal for the masses. My bet is the totalitarian variant of the future. Click the link above to find out why. Men need a tyrant.

I very much doubt it becomes a "better" Paypal for the masses for the simple reason that it isn't better.

I would be bet on failure over widespread usage of a coopted system. In fact I'd lay significant odds on that bet. (Though failure is somewhat difficult to define precisely -- let's say significant loss of value and usage.)

I see even an oligarchy controlled Bitcoin as better than Paypal, because:

1. Bitcoin is a global politik; and thus even the Chinese mining oligarchy (cum banksters pulling the strings behind the curtain) can't do anything which isn't politically correct globally.

2. Thus Bitcoin will retain many attributes that Paypal as a corporate offering can't provide such as inability to deny any person in any account equal opportunity to access, inability to enforce holdbacks, block certain industries, and other arbitrary shit Paypal does which make my head want to explode. Bitcoin is a trojan horse launched by the global elite to subvert any localized attempt to block/control the shift to digital currency.

3. Thus I predict enormous adoption for Bitcoin, but just remember it will be owned and controlled by the global elite (aka the banksters). And the global socialism will enforce a global confiscation/expropriation of those with wealth, in the coming years. It will be a bittersweet success.

Meh, hardly anybody wants Bitcoin, and the only ones who do will just flee it and use something else if it becomes government controlled. Using Bitcoin now is a pain in the ass and something a relatively small number of people do at great inconvenience and only out of necessity (generally speaking holding it for as short a time as possible). They'll have no trouble switching to Zcash or whatever else if necessary for their purposes. The rest will just stick with actual Paypal and similar products.

The only ones with any real wealth in Bitcoin are speculators who treat Bitcoin like a Wall Street product (and often store it in easily-confiscatable form on exchanges anyway). Well yeah maybe their Bitcoin will get confiscated. Not really any different from any other Wall Street product, and not at all surprising (to me). A few of the smartest ones will probably be able to escape confiscation, again not so different from traditional finance.

[r0ach]

It's pretty evident from the establishment embracing Bitcoin and things like this CME news, that TPTB will use Bitcoin as a golden parachute to escape the death trap fiat system they created.  They know it's extremely hard to do business using gold, and you would need to implode civilization back to the dark ages to make gold work again, so Bitcoin is their go to play to keep the wheels turning at an above caveman level.

Ever since humans stopped being hunter gatherers and settled land, it created abundance.  That's when the predator class arose to skim the abundance.  It's in TPTB' best interests to keep a high level of civilization running in order to skim it instead of having civilization implode back to ancient Babylon.  That would likely just implode their own standard of living as well once the caviar supply lines run out.

Yes, they create catastrophes to benefit from them, but I don't think they want ones so big that they become completely unpredictable and threaten their own power structure.  They always have some type of golden parachutes in mind, and Bitcoin is seemingly the only viable thing around for digital transactions in the coming great reset.  The world supply lines are very intertwined, and if you cannot do digital transactions on an international level because nobody trusts any of the currencies, then you immediately go back to the 1800's.  Do TPTB want to live in the 1800's?  Probably not.  They have to devise something to keep the wheels of the world turning.

[sockpuppet1]

Re: 'Brexit' could trigger World War Three, warns David Cameron

At present, the biggest threats to Europe as a whole are socialism and bankruptcy. with the war politics that result from such.

ftfy

The U.K. will not leave the EU. All you socialist retards/chattel are going down the toilet together. Enjoy.

[sockpuppet1]

[...]

3. Thus I predict enormous adoption for Bitcoin, but just remember it will be owned and controlled by the global elite (aka the banksters). And the global socialism will enforce a global confiscation/expropriation of those with wealth, in the coming years. It will be a bittersweet success.

Meh, hardly anybody wants Bitcoin, and the only ones who do will just flee it and use something else if it becomes government controlled. Using Bitcoin now is a pain in the ass and something a relatively small number of people do at great inconvenience and only out of necessity (generally speaking holding it for as short a time as possible). They'll have no trouble switching to Zcash or whatever else if necessary for their purposes. The rest will just stick with actual Paypal and similar products.

The only ones with any real wealth in Bitcoin are speculators who treat Bitcoin like a Wall Street product (and often store it in easily-confiscatable form on exchanges anyway). Well yeah maybe their Bitcoin will get confiscated. Not really any different from any other Wall Street product, and not at all surprising (to me). A few of the smartest ones will probably be able to escape confiscation, again not so different from traditional finance.

For the moment Bitcoin is only a gambler's paradise, but the conversion to instant microtransactions is the key to launching it into mass adoption.

That is why the block chain size debate has been so contentious, because it is a battle over who (Chinese mining cartel + Blockstream, all controlled behind the curtain by the banksters) owns Bitcoin as it is scaled out.

[sockpuppet1]

It's pretty evident from the establishment embracing Bitcoin and things like this CME news, that TPTB will use Bitcoin as a golden parachute to escape the death trap fiat system they created.  They know it's extremely hard to do business using gold, and you would need to implode civilization back to the dark ages to make gold work again, so Bitcoin is their go to play to keep the wheels turning at an above caveman level.

Ever since humans stopped being hunter gatherers and settled land, it created abundance.  That's when the predator class arose to skim the abundance.  It's in TPTB' best interests to keep a high level of civilization running in order to skim it instead of having civilization implode back to ancient Babylon.  That would likely just implode their own standard of living as well once the caviar supply lines run out.

Yes, they create catastrophes to benefit from them, but I don't think they want ones so big that they become completely unpredictable and threaten their own power structure.  They always have some type of golden parachutes in mind, and Bitcoin is seemingly the only viable thing around for digital transactions in the coming great reset.  The world supply lines are very intertwined, and if you cannot do digital transactions on an international level because nobody trusts any of the currencies, then you immediately go back to the 1800's.  Do TPTB want to live in the 1800's?  Probably not.  They have to devise something to keep the wheels of the world turning.

Agreed, but they didn't create Bitcoin as the primary escape hatch from fiat collapse (which will instead be the one world currency reserve unit basket), but rather because they want to subvert any one nation's control over the digitalization of currency. They don't want a bastardized fragmentation of the digitalized commerce world. That is all good. The bad part is they control the global politik, and thus they control Bitcoin. They can easily incorporate capital controls and expropriation into the politics of regulation of Bitcoin and then they can easily implement it since they are funding and arranging the Chinese mining cartel and Blockstream's $74 million funding.

Edit: my take on the opportunities ahead:

https://bitcointalk.org/index.php?topic=1219023.msg14855669#msg14855669

[rdnkjdi]

This obviously is not happening.  This should be when BTC is at it's strongest point (from now until halving).  Altcoins are making some major headway (Ethereum, TheDuh, Maidsafe, Dash).  Bitcoin dominance is listed at 80%.

I wouldn't want to be in bitcoin after the halvening if it doesn't spike up from here.  If it looks weak when it should be the strongest ....

Ironically bitcoin alternatives (vs different projects that aren't trying to be a store of value).  LTC, Monero (weak because of zcash?) aren't doing as well as the pump and dump projects (or revolutionary if you're an optimist instead of a cynic).  They appear to have completely stolen bitcoins thunder at this point.

The story isn't these other coins.  The story is how weak bitcoin is and how much it needs to pump and dump crowd that really don't give a shit about long term - just making money off dumping on top of someone else's head.  Bitcoin really is no better than any other alt and I believe the coming halving is going to put that on display based on what I'm seeing in the markets right now.

[r0ach]

This obviously is not happening.  This should be when BTC is at it's strongest point (from now until halving).

You're fucking stoned man.  There's been so many shakeout attempts on BTC.  They keep trying to break through 450 but it doesn't work.  They want to get it as low as possible right before the halving comes then launch upwards.  The Eth pump is so they can attempt to dump on momentum traders to get BTC for the halving.  I even have a screenshot of one of the several shakeout attempts on BTC in progress.  I know this market and the players in it like the back of my hand and don't need some old jew named Armstrong to tell me what it's going to do:

[rdnkjdi]

This obviously is not happening.  This should be when BTC is at it's strongest point (from now until halving).

You're fucking stoned man.  There's been so many shakeout attempts on BTC.  They keep trying to break through 450 but it doesn't work.  They want to get it as low as possible right before the halving comes then launch upwards.  The Eth pump is so they can attempt to dump on momentum traders to get BTC for the halving.  I even have a screenshot of one of the several shakeout attempts on BTC in progress.  I know this market and the players in it like the back of my hand and don't need some old jew named Armstrong to tell me what it's going to do:

Can't wait to see if you're right - what do we have four more weeks?

[r0ach]

Can't wait to see if you're right - what do we have four more weeks?

53 days, but Ethereum will implode on May 28th when Eth owners are finally able to dump the DAO.  BTC wedge converges upward around the same time.  People dumping the Eth DAO will likely reinvest the money into BTC halving.  Those events coming together might be the start of the next big rise.

[Nxtblg]

Can't wait to see if you're right - what do we have four more weeks?

53 days, but Ethereum will implode on May 28th when Eth owners are finally able to dump the DAO.  

I sold what little ETH I could sell when it was above $13 because I feared something like that.

[sadasa]

Can't wait to see if you're right - what do we have four more weeks?

53 days, but Ethereum will implode on May 28th when Eth owners are finally able to dump the DAO.  

I sold what little ETH I could sell when it was above $13 because I feared something like that.

That could be a good sale. I sold most of my Ethereum when the price was $1.4, I thought the price would drop.

[Nxtblg]

Can't wait to see if you're right - what do we have four more weeks?

53 days, but Ethereum will implode on May 28th when Eth owners are finally able to dump the DAO.  

I sold what little ETH I could sell when it was above $13 because I feared something like that.

That could be a good sale. I sold most of my Ethereum when the price was $1.4, I thought the price would drop.

Well...so far it isn't because ETH ended up touching $15, but I'm happy enough. An old traders axioms says, "Always leave a profit for the other guy."

[r0ach]

R.I.P. Alt market

[target]

Can't wait to see if you're right - what do we have four more weeks?

53 days, but Ethereum will implode on May 28th when Eth owners are finally able to dump the DAO.  BTC wedge converges upward around the same time.  People dumping the Eth DAO will likely reinvest the money into BTC halving.  Those events coming together might be the start of the next big rise.

There were only few people who dumped their DAOs and they were probably the ones who want to invest on WAVES for profit as well - day traders.

[freshman777]

R.I.P. Alt market

Not at all. Bitcoin can't rise much above $500, the block size makes it a joke now.

[Spoetnik]

R.I.P. Alt market

Not at all. Bitcoin can't rise much above $500, the block size makes it a joke now.

It's collective world wide REAL use adoption makes *ALL* Altcoins the real joke.

keep it real son 

[freshman777]

R.I.P. Alt market

Not at all. Bitcoin can't rise much above $500, the block size makes it a joke now.

It's collective world wide REAL use adoption makes *ALL* Altcoins the real joke.

keep it real son 

Because Bitcoin got to consistently knock against the technical limit only recently, there was no huge incentive to adopt altcoins.

[Natniadan]

R.I.P. Alt market

Not at all. Bitcoin can't rise much above $500, the block size makes it a joke now.

It's collective world wide REAL use adoption makes *ALL* Altcoins the real joke.

keep it real son 

Because Bitcoin got to consistently knock against the technical limit only recently, there was no huge incentive to adopt altcoins.

I have the impression that the 2MB block size increase will be implemented in July this year in the Core.

[r0ach]

R.I.P. Alt market

Not at all. Bitcoin can't rise much above $500, the block size makes it a joke now.

Have fun losing money believing that propaganda while you invest in something like Eth instead.  The last guy I saw type shit like that (some shill named Korila) revealed to me he had an enormous BTC long open around $450.  All of you freshly created shill accounts from the year 2016 are just lunatic sociopaths that will type any lie you can think of to try and get some daytrade to work.

https://bitcointalk.org/index.php?topic=1475538.msg14985512#msg14985512

[freshman777]

As if there are no other cool alts to invest.
The only one here who constantly talks about Eth is you r0ach, it has to be some variety of reverse shilling of Eth. I actually expect Eth to go down substantially and have yet to buy $1 worth of Eth.
The subject of my posts is physical limitations of Bitcoin that ensure it can't go to moon.