r0ach's Cryptomarkets Watch & Scamcoin Observer

[r0ach]

We also had Bill Gross recommend Bitcoin

It's funny how he recommended gold + bitcoin but didn't mention silver.  The guy is worth 2.5 billion dollars.  He could probably single handedly pump silver a ton and make lots of money.  I assume he doesn't mess with that market because the bankers would punish him in some way or kill him.

When the debt based system blows up, I could see Bitcoin making a run to something crazy like $10,000-$40,000, especially if it's used as a medium to do things like facilitate gold commerce.  That's a +15-60x.  It sounds stupidly high, but if every millionaire (not even counting billionaires) hedged only 1% of their wealth in Bitcoin, that would be $7800 a coin fully liquid market cap, which would in reality be much higher price because no markets are fully liquid.  

Of course, how many millionaires are going to lose everything because they were all-in on equities and facebook stocks?  It's a hard picture to put together when plenty of millionaires are going to become instantly broke.  Silver is looking to be around a +10-45x, so it will be interesting to see which one performs better given all the manipulations involved either way and how much wealth remains liquid vs how much is frozen or destroyed somehow.

I currently use silver as a savings account and Bitcoin as a checking account.  When I need to spend fiat, I have a reloadable Bitpay Visa card.  You can have $0 on it and send some Bitcoin to an address linked to the Bitpay account, and within 60 seconds your Visa card is credited with fiat.  No need to even use a bank now.

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[Spoetnik]

To reply to earlier posts here..

i don't think the US President has enough to power abolish FIAT paper Money then force a move to "Metals"
I think the US's Financial system would reject it all with backing Internationally.
Combined the power of Earth's Financial system would over-ride what Trump says.

[chanbtc]

We also had Bill Gross recommend Bitcoin

I currently use silver as a savings account and Bitcoin as a checking account.  When I need to spend fiat, I have a reloadable Bitpay Visa card.  You can have $0 on it and send some Bitcoin to an address linked to the Bitpay account, and within 60 seconds your Visa card is credited with fiat.  No need to even use a bank now.

This way of spending fiat is interesting for me. How much fee you need to pay for each transaction (other than BTC tx fee)?

[bones261]

We also had Bill Gross recommend Bitcoin

I currently use silver as a savings account and Bitcoin as a checking account.  When I need to spend fiat, I have a reloadable Bitpay Visa card.  You can have $0 on it and send some Bitcoin to an address linked to the Bitpay account, and within 60 seconds your Visa card is credited with fiat.  No need to even use a bank now.

This way of spending fiat is interesting for me. How much fee you need to pay for each transaction (other than BTC tx fee)?

How do I get a BitPay Prepaid Visa® Card?
You can order your BitPay Prepaid Visa® Card for $9.95.

What fees will I pay to use this card?

There are no transaction fees for using the card to pay in the US. When traveling outside of the United States of America you will pay a fee of 3% to cover the cost of currency conversion.

There is a $2.00 fee for ATM or cash-back withdrawals inside the US and a $3.00 fee for any ATM or cash-back withdrawals outside of the country.

For more information and a full Schedule of Fees, view your Cardholder Agreement.

https://bitpay.com/visa/faq

[Minecache]

R0ach is a cun7 and finally been banned.

[r0ach]

R0ach is a cun7 and finally been banned.

Unfortunately for Eth shills, no.

[tabnloz]

Your gold outlook looks like it has a 5-15 year time horizon. One will need a very strong conviction to ride that one out.

Lol, the people in this thread.  We're looking at a timespan of something like between anytime now and 2 years before the debt markets + banks inevitably implode and you have martial law with the national guard standing in the streets.  I highly doubt we will even make it past 2017.  There's too many black swans like Deutsche bank, Italian banks, Japanese banks, the EU imploding, etc, that can bring the whole system down.

I agree here on the timeframe. So much more debt in the system globally. NIRP has killed banking profit models; unlikely the Euro banks can ever recover as they are trapped. Eg, DB - need to trim down & capital raise (due to fines) but if that comes by selling profitable parts of business, then where does future profit come from. It's not coming from lending thats for sure. Italian, Spanish, French banks all in same boat.

If they actually do manage to drag this thing out longer, it will involve LOTS of devaluation by printing to prevent deflationary collapse, or a new Bretton Woods where they revalue gold instantly to $10,000 or so overnight.

Yep and this is why you buy gold, bitcoin. Deflationary collapse people are missing that governments will prefer printing into oblivion than debt death by deflation. And it's actually what they have been trying to manufacture for the past 8 years (inflation by printing). Also, an overnight revaluation = instant inflation as everything is repriced. Gold maintains purchasing power, fiat not so much.

You buy things like silver and/or Bitcoin to front run the largest bankruptcy in the history of mankind.  Might as well make money instead of losing it.

Make money by retaining purchasing power in the event of inflation. Make money by being in an asset that hopefully acts as a store of value (and sees inflows) when other assets shit the bed.

[iamnotback]

FYI either r0ach or mprep is deleting my posts. If he does this again, I will duplicate the censored posts to another thread (perhaps outside of Altcoin Discussion, i.e. shouldn't we move this discussion to Economics or Politics & Society?):

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Your gold outlook looks like it has a 5-15 year time horizon. One will need a very strong conviction to ride that one out.

Lol, the people in this thread.  We're looking at a timespan of something like between anytime now and 2 years before the debt markets + banks inevitably implode and you have martial law with the national guard standing in the streets.  I highly doubt we will even make it past 2017...

Yup:

The Red pill, Blue pill Election — NYC slumlord vs. Globalists

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Yeah but, who wants to live in a world you see? fck it, give me one bullet.

Just swallow the blue pill then.

Roach, if what you say is true, it's much better to buy food, ammo and fuel. Things like gold and bitcoin won't matter in a world you are foreseeing.

That would presume the entire globe falls into a Dark Age. Rather it is quite likely that Asia bottoms 2020 and starts rising, while the West falls into the abyss of entitlements and bankster stranglehold. You'll perhaps be able to transition your assets to functioning areas of the global economy.

[smooth]

FYI either r0ach or mprep is deleting my posts.

It isn't r0ach. First of all the thread isn't self moderated and second of all the message you quoted said that a forum moderator did it.

[Spoetnik]

FYI either r0ach or mprep is deleting my posts.

It isn't r0ach. First of all the thread isn't self moderated and second of all the message you quoted said that a forum moderator did it.

Shelby = member #851556

https://bitcointalk.org/modlog.php

Ctrl+F ...

Delete reply: Re: r0ach's Cryptomarkets Watch & Scamcoin Observer in topic #1413819 by member #851556
Delete reply: Re: r0ach's Cryptomarkets Watch & Scamcoin Observer in topic #1413819 by member #851556

And there was many more by other users deleted too.
Not surprising many of you have a weak grasp of the concept of staying on topic.

By the way.. mods still delete comments on self-moderated topics.. i caught them doing it.
Further more there is others that can and do moderate this section randomly..
So you should not assume it was mprep 100%

But Shelby you are a bit bat-shit-crazy
You said the mod's here banned you before for "Ethereum FUD"
What ?
They are gonna ban you for that and not me ?  

[iamnotback]

FYI either r0ach or mprep is deleting my posts.

It isn't r0ach. First of all the thread isn't self moderated and second of all the message you quoted said that a forum moderator did it.

Thanks for the clarification.

Moving very fast here, have 100 tabs of research open, no time to check if the thread is self-moderated, and besides I don't know if r0ach didn't message mprep asking for deletions, i.e. "deletion" in a general sense can also include provocation to delete. In all likelihood mprep deleted those without any provocation from r0ach.[1] Lastly it didn't register to me until moments later that "forum moderator" would maybe be distinct from "thread self-moderator" (and I did indeed have that thought when I was already in the middle of jogging trying to beat the rain when was threatening to pour down) and by the time I returned and ate. It just didn't seem worth digging back in to find this post, etc..

Look when I write a sentence and not a paragraph, it likely means I was not trying to make a perfectly accurate statement, but rather just quickly deal with something that I wanted off my plate immediatley, becuse I was in middle of doing somehting else.

basically wanted to ask or suggest if we needed to move the discussion that veered away from altcoins to a thread in Economics or Politics & Security.


[1] And that is surely the case, now that I noticed that mprep deleted the entire conversation about economic collapse, including r0ach's posts. Note I agree economic collapse is off-topic from altcoins (or is it? Monero is betting anonymity on economic collapse to some extent), but mprep should have an alternative means of encouraging diversionary discussion to move to another sub-forum of Bitcointalk, instead of just nuking the entire discussion. Does he think we post here to waste our fucking time? Mprep have a little bit more respect of us please. We take time from our work to post here and when you destroy our effort, you are stealing from us. Can you institute some means of forking the thread to "Off topic" or other forum of your choice? 51 year old men don't like being spanked by other men. It's really silly way to handle moderation, especially when no one was trying to abuse your moderation powers in this case.

[r0ach]

FYI either r0ach or mprep is deleting my posts. If he does this again, I will duplicate the censored posts to another thread (perhaps outside of Altcoin Discussion, i.e. shouldn't we move this discussion to Economics or Politics & Society?):

Someone just deleted SIX of my posts, so not me.  The posts deleted were talking about Bitcoin, metals, and economic collapse.  I mean, I'm mentioning cryptocurrency in all of them and they're still deleted..wtf?  Is the PPT moderating Bitcointalk now and doesn't want posts saying people should dump stocks for silver?

[iamnotback]

r0ach, we are headed into a new normal. Surviving and profiting in this new paradigm as the global economy shifts to Asia is going to be challenging. Crypto-currency is perhaps going to play a role. But you don't think Rothschild created Bitcoin so he could enable you to be free?

It has been an important learning process for me.

There is absolutely no way you could get the Trump supporters to believe their savior Wikileaks is actually the source of their enslavement. You wouldn't even be allowed to get the message out to them.

There is no way you could create a popular Internet service and prevent it from being be co-opted by the elite.

You simply won't be allowed to.

We all here pretend we could be free. We won't succeed. None of us. Look yourself in the mirror and ask if you've come to grips with your enslavement or if you are still in denial.

If you've swallowed the blue pill, then there is nothing to say to you. If you've swallowed the red pill as I have, then its time to realize you are only free when you need nothing, not even to eat. When you walk away with nothing into the wilderness, then you are free. Free to die, free to be attacked by parasites and predators, and free to go hungry.

[chesthing]

The reason our posts are being deleted is this thread has, however more interesting than shitcoins, become nothing to do with shitcoins. At least that's my guess.

[Spoetnik]

The reason our posts are being deleted is this thread has, however more interesting than shitcoins, become nothing to do with shitcoins. At least that's my guess.

I'd have to agree my astute friend  
It's about the borders.. skirting on the edges of off-topic.. you guys should know better.
And it happens to all of us.. i had my fair share too guys.

Only time i ever really got pissed about mod's here is i have felt at times like they focused on me.
Like they would keep a close watch on me for months hitting delete like crazy..
While others were blatantly far worse at what ever infraction in question.

Consistency is the name of the game and it's hard to do.
Mod's have to interpret the rules and that is going to cause a variation of course.

Anyway some of you here are notorious for super massive long winded tangents.
I know.. i am one to talk.  

But Shelby is fuckin' nuts.. he thinks Bitcoin was made as some conspiracy and when he gets banned here he claims conspiracy and all he ever posts about is conspiracies (see his last comment here)

It's just not enough about Altcoins i think then poof the commentary is gone.

[r0ach]

But the fact is, no assets exist in a vacuum.  If something like Bitcoin is running strong, it tends to mean fiat is running weak and vice versa.  You can't talk about alts without talking about what the Bitcoin market is doing, and you can't talk about what Bitcoin is doing without talking about fiat, interest rates, debt markets, and things like metals too.

[iamnotback]

But the fact is, no assets exist in vacuum.  If something like Bitcoin is running strong, it tends to mean fiat is running weak and vice versa.  You can't talk about alts without talking about what the Bitcoin market is doing, and you can't talk about what Bitcoin is doing without talking about fiat, interest rates, debt markets, and things like metals too.

This isn't the Altcoin Discussion thread for higher enlightenment. Can't you read, it says "Altcoin Scams Newbie Funnel".

Seriously though I think mprep just misinterpreted or got a little overzealous. But maybe our apocalypse tangent was what set him off. I can somewhat understand why it might.

I think he'd like us to keep the focus on altcoins and not end of the world. Sort of makes sense. Especially for me if I want create an altcoin.

[jbreher]

To reply to earlier posts here..

i don't think the US President has enough to power abolish FIAT paper Money then force a move to "Metals"

To reply to an earlier post...

You might wanna ask JFK how that worked out for him.

[iamnotback]

r0ach do you have any analysis you can share on the likely direction of the BTC price between now and December? Impact on altcoin prices?

I had written in your blog last month that this looks like a pause on the way for probably all time highs, given a cpu&handle at $700. What are you seeing in your current analysis?

See also this thread in the Economic -> Speculation:

https://bitcointalk.org/index.php?topic=1655016.msg16682094#msg16682094

[iamnotback]

r0ach do you have any analysis you can share on the likely direction of the BTC price between now and December? Impact on altcoin prices?

I had written in your blog last month that this looks like a pause on the way for probably all time highs, given a cpu&handle at $700. What are you seeing in your current analysis?

See also this thread in the Economic -> Speculation:

https://bitcointalk.org/index.php?topic=1655016.msg16682094#msg16682094

Buy when others are irrationally pessimistic:

https://bitcointalk.org/index.php?topic=1663070.0

https://steemit.com/money/@anonymint/speculation-rule-buy-when-others-are-irrationally-pessimistic-cautious