Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[MickeyT2008]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

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[ElectricMucus]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

We are in a deflationary phase now actually.

[crumbs]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

I'm not entirely sure how Bitcoin will help in that post-apocalyptic world.  And as far as doomed economy?  Sure, but when?  I mean, i'm not quitting smoking anyhow.

[molecular]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

We are in a deflationary phase now actually.

You start buying when blood is running in the streets?

[ChartBuddy]

[ElectricMucus]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

We are in a deflationary phase now actually.

You start buying when blood is running in the streets?

I'll buy when I think I can sell for more than 2% profit within 24 hours. (With relative certainty)

[Its About Sharing]

The governments have made a trap for themselves by bailing out the banks, the banks have them over a barrel and they have no way out now.  If they stop QE and bank bailouts then the banks pull the rug out from under the economy and it collapses.  If they don't stop QE and bailouts then the population become so impoverished, desperate and angry that the result will eventually be a huge angry mob turning up at Parliament to lynch the lot of them.

What the governments should have done was to seize all the assets of the failing banks, jail those responsible and then compensate the people who had money in the banks.  That of course would have been quite a blow to the economy but at least the total cost would have been finite, and possible to pay off and recover from eventually.  Instead because the government and the banks are the same thing they chose the route of bailing out the banks, now they're desperately scrabbling for money to fill this bottomless money pit, a task that is impossible.  The way that they've responded to this situation means that whatever they do the economy is now doomed.

I have a feeling that will still happen...

Regarding getting out of fiat. We are not going to collapse real soon (relatively speaking). Silver and Gold at these prices is insurance as is BTC. But having some food and water for you and your family AND neighbors is going to be the smart move if the Shit hits the fan. I just hope these evil leaders don't lead us into another war...

We still have time to let BTC correct for a few months and then move fiat into it... (I hope).

[MickeyT2008]

Protect yourself and hold as little fiat as you can safely get away with.

This ^^

If not Bitcoin then anything inflation proof will do as a way to store money, even things like collecting antiques

We are in a deflationary phase now actually.

You start buying when blood is running in the streets?

This won't be a problem for me because I don't have a mountain of cash to protect from inflation anyway, maybe I'll just leave society to implode (Mad Max style) and go off to live like Bear Grylls until it's all over.  I'll have to carve my Blockchain identifier into a rock and bury it so I can get my Satoshis back afterwards though

[Traktion]

...they are buying BTC to transfer and sell ... they still want dollars, they just want to get them out of the country as soon as possible without using suitcases.
...

Thanks love it.

Don't get me wrong ... there *ought* to come a time when nobody wants dollars. But when that will be is anyone's guess. TPTB will do everything they can to prop up the house of cards for as long as possible.
For the last ten years Japanese Gov Bonds have traded at ridiculously low yields ( = high price) and many have tried to call the turn and short them, seeing the situation as unsustainable (which it is ultimately). The trade has become known as 'The Widow Maker' due to the number of people who have crashed and burnt trying to call the turn.
Unrealistic and unsustainable valuations can last for a very long time, defying all logic and fundamental analysis.

That said, the moment of truth would appear to be approaching IMO ... just don't bet the house quite yet 

One reason you need fiat is to pay off the thugs state. If you don't, they start to threaten people with guns and cages.

While ever there is taxation requested in state fiat, there can be no free market for currency.

However, that doesn't mean that Bitcoin can't thrive. It just means there are reasons why people need state fiat.

[Traktion]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.  

Why would rejecting institutionalised violence cause the extinction of the human race? Are peaceful people incapable of functioning without being threatened from day to day?

[ElectricMucus]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.  

Why would rejecting institutionalised violence cause the extinction of the human race? Are peaceful people incapable of functioning without being threatened from day to day?

Institutional violence is just a result of urbanization, the entire population is urbanized, and dependent of the financial system to keep them from dying from starvation.

IF you are serious start a farm.

[wachtwoord]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.  

Nah, just the part that should never have existed in the first place.

[ElectricMucus]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race. 

Nah, just the part that should never have existed in the first place.

So how many chickens do you own?

[wachtwoord]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race. 

Nah, just the part that should never have existed in the first place.

So how many chickens do you own?

None.

[ElectricMucus]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race. 

Nah, just the part that should never have existed in the first place.

So how many chickens do you own?

None.

So you essentially giving yourself up? Or did I miss something?

[wachtwoord]

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race. 

Nah, just the part that should never have existed in the first place.

So how many chickens do you own?

None.

So you essentially giving yourself up? Or did I miss something?

I fail to see the chicken connection.

[ElectricMucus]

I fail to see the chicken connection.

So you are living in a vegan community? Do you grow Hemp or Lupines?

[wachtwoord]

I fail to see the chicken connection.

So you are living in a vegan community? Do you grow Hemp or Lupines?

Do I really have to explain how an economy works? You don't need to produce anything yourself. Furthermore, chickens are non-mandatory in a diet. I don't eat chicken often but prefer fish, beef and pork.

[drdanishkhan]

one should realy think what happens when someone pulls the plug on internet.. no more access.. no more bitcoins..

[ElectricMucus]

I fail to see the chicken connection.

So you are living in a vegan community? Do you grow Hemp or Lupines?

Do I really have to explain how an economy works? You don't need to produce anything yourself. Furthermore, chickens are non-mandatory in a diet. I don't eat chicken often but prefer fish, beef and pork.

Do you understand the causal relationship between urbanization and institutional violence?