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

[TReano]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

[Fatman3001]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

[TReano]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

[marcus_of_augustus]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

[ChartBuddy]

Coin



Explanation

[TReano]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...

the upper 1% are the guys profiting from the printed money not the 99% they are forced to be poor no matter how much they work on their regular job. On top most Billionaires and Millionaires are mostly on paper rich, mainly because they have a lot of shares of something in the stock market. Like Mark Zuckerberg, Bill Gates, Sergey Brin, etc. essential every rich person super rich.

[Fatman3001]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...

the upper 1% are the guys profiting from the printed money not the 99% they are forced to be poor no matter how much they work on their regular job. On top most Billionaires and Millionaires are mostly on paper rich, mainly because they have a lot of shares of something in the stock market. Like Mark Zuckerberg, Bill Gates, Sergey Brin, etc. essential every rich person super rich.

In Benjamin Grahams book "The Intelligent Investor" there were some musings on if people put their savings in a portfolio of solid household stocks instead of the bank. This way your savings will follow value creation instead of money policy. Eventually I hope Bitcoin will have a similar profile.

[TReano]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...

the upper 1% are the guys profiting from the printed money not the 99% they are forced to be poor no matter how much they work on their regular job. On top most Billionaires and Millionaires are mostly on paper rich, mainly because they have a lot of shares of something in the stock market. Like Mark Zuckerberg, Bill Gates, Sergey Brin, etc. essential every rich person super rich.

In Benjamin Grahams book "The Intelligent Investor" there were some musings on if people put their savings in a portfolio of solid household stocks instead of the bank. This way your savings will follow value creation instead of money policy. Eventually I hope Bitcoin will have a similar profile.

Surely Bitcoin can be at some point a real investment strategy if the price gets more stable in the area of Gold. You also want the liquidity which the big markets provide.

I mean if I would have 1 Million $ to invest I would surely not put it in bitcoin. Maybe a small % to profit from it if it takes over the world. Sure it can go up and I could easily double or quadruple at some point. But in the end Bitcoin is a high risk asset and could end at some point and become worthless.

[marcus_of_augustus]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...

yes, I guess I just don't understand the system ... that must be it.

[Fatman3001]

Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.

Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...

the upper 1% are the guys profiting from the printed money not the 99% they are forced to be poor no matter how much they work on their regular job. On top most Billionaires and Millionaires are mostly on paper rich, mainly because they have a lot of shares of something in the stock market. Like Mark Zuckerberg, Bill Gates, Sergey Brin, etc. essential every rich person super rich.

In Benjamin Grahams book "The Intelligent Investor" there were some musings on if people put their savings in a portfolio of solid household stocks instead of the bank. This way your savings will follow value creation instead of money policy. Eventually I hope Bitcoin will have a similar profile.

Surely Bitcoin can be at some point a real investment strategy if the price gets more stable in the area of Gold. You also want the liquidity which the big markets provide.

I mean if I would have 1 Million $ to invest I would surely not put it in bitcoin. Maybe a small % to profit from it if it takes over the world. Sure it can go up and I could easily double or quadruple at some point. But in the end Bitcoin is a high risk asset and could end at some point and become worthless.

And its fate rests in the hands of economically illiterate squabbling nerds.

Not exactly comforting, but I still have hope.

[marcus_of_augustus]

And its fate rests in the hands of economically illiterate squabbling nerds.

Not exactly comforting, but I still have hope.

what, a hopeless fat loser with hope?

[sAt0sHiFanClub]

yes, I guess I just don't understand the system ... that must be it.

Now, doesn't that feel better?  You dont need to complete the 12 steps now.

You are cured. Go home.

[Fatman3001]

And its fate rests in the hands of economically illiterate squabbling nerds.

Not exactly comforting, but I still have hope.

what, a hopeless fat loser with hope?

You forgot hip and cool, like Vanilla Ice!


                 "Ice Ice Baby"

Ok, maybe more like Vanilla Custard.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

bitcoin is different from gold in that it is way more risky.

sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place.

[barbs]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

[marcus_of_augustus]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.

[bargainbin]

... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.

Well no, you have slightly bigger problems...

You know when an army is truly defeated? Not when its frontline Shtrafbats get slaughtered, that sort of thing's to be expected, plenty more grist where that came from; a battle is not the war.

But when the generals turn on each other and start slapfighting. With spittle, potty words and hair-pulling!
Ain't no recovering from that...

...that, and bright-but-insane Dr. Strangelove types like MP threatening to take down Bitcoin if things don't go his way

[adamstgBit]

very nice market action past few hours, we are on the verge poeple.


THE VERGE!

[adamstgBit]