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

[marcus_of_augustus]

Don't get me started on his amazingly bad long position he took on IBM (about 10 years too late), where he ended up losing $444 million.

Buffet is a hypocritical piece of crap ... he stumped up some cash for GS when they were busted ass in 2008 and took a 5% share-holding, it basically kept them afloat long enough to start vigourously lobbying for the repeal of mark-to-market accounting and then get the taxpayer TARP loot to bail-out AIG (money flowed straight through to goldman bonuses). He's become the ultimate example of privatise the profits, socialise the losses ... i.e. crony capitalism.

The only reason he dumped his silver position was because he was basically warned off by the banksters that it would blow up their fiat monetary scam if he persevered and ruin Buffet's fiat-based wealth ... and at that point he became an insider. Not long after Phibro commodities trader (was biggest in the world) took a fatal hit on PM derivatives bets and have been zombie trading ever since (think they just wound them up officially) ... Buffet was ever since then warning everyone away from precious metals and started up his Gates/Buffet Foundation to 'help the world'.

He realised that their wealth was totally imaginary but he (or Bill Gates) wasn't going to be the ones to call the banksters on their fiat scam and blow up the global monetary system and instead were going to dedicate some portion of their fictitious fiat wealth to "helping the poor people".

On another note, that list of billionaires actually keep a tiny portion of their wealth in fiat US dollars ... mostly it's stocks, bonds, property, money market funds ... and other assets that involve counter parties and lengthy liquidation times. It'll be great for the world economy if the wealthiest come to bitcoin last. In other news 70 hedge funds are ramping up for 'crypto-currency' investing.

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[r0ach]

The only reason he (Buffet) dumped his silver position was because he was basically warned off by the banksters that it would blow up their fiat monetary scam if he persevered

And here we have Marcus accidentally admitting the Jewish criminal bankers want you buying bitcoins and not silver at all costs.  If you're buying something the bankers want you in, you are going to get demolished.

[marcus_of_augustus]

The only reason he (Buffet) dumped his silver position was because he was basically warned off by the banksters that it would blow up their fiat monetary scam if he persevered

And here we have Marcus accidentally admitting the Jewish criminal bankers want you buying bitcoins and not silver at all costs.

Idiot, you've got your wires-crossed ... silver is easily and demonstrably totally controlled, bitcoin is not. Your choice, idiot.

[Paashaas]

Segwit lock-in this week will boost the price to new ATH's!

Damn, BCH is rallying.

Nice, so i can prepair another selling order..it is free Bitcoin 

[lightfoot]

I guess I should bitch about it being stuck at 3,250 but I really am not sure how I should do this....

Whee?

[BlindMayorBitcorn]

I guess I should bitch about it being stuck at 3,250 but I really am not sure how I should do this....

Whee?

Damned Bitcoin. When will we learn?

[STT]

Just owning silver doesnt affect banking.  Using it as money might divert trade from dollar and cause some alarm.  In China they actually had a 'problem' with copper where it was banned from being used as proxy currency by construction companies.    It was becoming monetised for a while as China tracks in line with dollar they share similar weakness relative to any real costs hence the appeal of real currency or asset value.
Amazing as nobody now thinks of copper like that but its feasible especially if electric cars are to be a rising trend but in any case the population growth of developing countries creates a long term demand for copper infrastructure and also silver to some extent, its a far more practical metal then gold apparently


Bitcoin price is following an uptrend thats been in play going back to April.   The reason its quite sedate perhaps is because this trend is now a ceiling not support exactly.       We fell below and did not recover this trend back in middle of June.    Obviously its quite a strongly rising line hence our now ATH.    
Just staying here seems quite positive to me, forming some history.   A base camp for any further ascent seems prudent in any endeavour to scale great heights  

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz.  Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?

what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....

I doubt any of these billionaires have problems obtaining enough to eat. Unless they are stricken by some kind of eating disorder. Even in the event of total financial collapse; I'm sure they have enough assets to barter to keep themselves well fed.

Thing is Buffet owns a food company and he has a free personal supply of Coke with a fridge in his office.      So he doesnt need to sell anything, productive assets are going yield way more then dollars now.   Problem is people take a short term view.

[bitserve]

I guess I should bitch about it being stuck at 3,250 but I really am not sure how I should do this....

Whee?

[r0ach]

The only reason he (Buffet) dumped his silver position was because he was basically warned off by the banksters that it would blow up their fiat monetary scam if he persevered

And here we have Marcus accidentally admitting the Jewish criminal bankers want you buying bitcoins and not silver at all costs.

Idiot, you've got your wires-crossed ... silver is easily and demonstrably totally controlled, bitcoin is not. Your choice, idiot.

LOL, no.  All they can do in metals is naked short it down to cost of production.  As I've explained numerous times before, you can actually destroy Bitcoin with shorts since there is no real cost of production floor.  There is only a temporary, synthetic floor due to current mining hash rate.  If you just lump on some bitcoin shorts and constantly drop it below cost of production, all the miners (like KNC) will be forced to turn off, dropping it's synthetic price floor even lower.

Even if cost of production was once $10,000 per coin, this economic attack by shorts can drop the price floor down to barely anything.  There's no reason for anyone to buy your older $10,000 cost of production coins when they can now just mine new ones off the never ending block reward (from transaction fees), so the current synthetic price floor crashing also destroys value of all previously mined coins.  If the post-attack price floor is $100, that is now the value of your horded stash.

Bitcoin is far more vulnerable to economic warfare than metals are, and anyone who denies it is 100% lying.  This is why you need to be a complete fool if you haven't figured out the only way the bitcoin price can go up is if the government specifically sanctions to allow it, because it's ridiculously easy to kill it via shorts from the ESF.  The government (aka bankers) are allowing it to go up because they want you to buy this imaginary asset and not gold or silver.  You are being herded like dumb cattle out of real wealth and into imaginary wealth that can vaporize at any second.

[marcus_of_augustus]

From the far fringe thinking, eclipse season begins today ... a partial lunar eclipse occurs in many parts of the world today. Followed by the total solar eclipse on Monday 21 Aug. The Puetz crash window for dramatic market movements or 'turning points' is therefore now open.

Coincidentally it is the 10 year anniversary of the August 07 2007 CDO mortgage market freeze-up (heart-attack) panic event that initiated months of instability, lender and mega-bank busts (Bear Stearns, Countrywide, etc) and bail-outs that ultimately brought the global financial system to its knees and the point of complete lock-up in Sept. 2008. The Western economies have limped along damaged in recovery mode saddled under huge banking debts surrounded by zombie financial institutions ever since.

[Searing]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

[r0ach]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Over 900 imaginary assets (including bitcoin itself) all have a value over 0.  Looks perfectly rational to me!

[|Admiral|]

At this time is it good to invest in Alt?? or should i stick to BTC?

[spiderbrain]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Some people just aren't that into SegWit, it seems.

[Searing]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Some people just aren't that into SegWit, it seems.

19.75% rise! Sheesh.......well, I guess a floor of this stuff at $200 bucks is possible now...who'd a thunk it?

So again, I'm richer on paper it seems....(now that I uttered the words...that will change the wrong way ..rapidly...oops)

getting more and more befuddled about all this stuff.....tulips....dreaming of tulips....(the horror)

[Elwar]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Some people just aren't that into SegWit, it seems.

19.75% rise! Sheesh.......well, I guess a floor of this stuff at $200 bucks is possible now...who'd a thunk it?

So again, I'm richer on paper it seems....(now that I uttered the words...that will change the wrong way ..rapidly...oops)

getting more and more befuddled about all this stuff.....tulips....dreaming of tulips....(the horror)

Bcash price was 10% bitcoin, now it's 7%. How is that a rise?

[mikenz]

Bitcoin is far more vulnerable to economic warfare than metals are, and anyone who denies it is 100% lying.  This is why you need to be a complete fool if you haven't figured out the only way the bitcoin price can go up is if the government specifically sanctions to allow it, because it's ridiculously easy to kill it via shorts from the ESF.  The government (aka bankers) are allowing it to go up because they want you to buy this imaginary asset and not gold or silver.  You are being herded like dumb cattle out of real wealth and into imaginary wealth that can vaporize at any second.

Feels just like someone in the early 20th century preaching to people not to abandon their horses - horse will always be more useful than these new automobiles.

[Searing]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Some people just aren't that into SegWit, it seems.

19.75% rise! Sheesh.......well, I guess a floor of this stuff at $200 bucks is possible now...who'd a thunk it?

So again, I'm richer on paper it seems....(now that I uttered the words...that will change the wrong way ..rapidly...oops)

getting more and more befuddled about all this stuff.....tulips....dreaming of tulips....(the horror)

Bcash price was 10% bitcoin, now it's 7%. How is that a rise?

Ah...I take your point......then again I expected it to be $12 today..which is why I'm still a 'wage slave' ..

[rjclarke2000]

Bitcoin is far more vulnerable to economic warfare than metals are, and anyone who denies it is 100% lying.  This is why you need to be a complete fool if you haven't figured out the only way the bitcoin price can go up is if the government specifically sanctions to allow it, because it's ridiculously easy to kill it via shorts from the ESF.  The government (aka bankers) are allowing it to go up because they want you to buy this imaginary asset and not gold or silver.  You are being herded like dumb cattle out of real wealth and into imaginary wealth that can vaporize at any second.

Feels just like someone in the early 20th century preaching to people not to abandon their horses - horse will always be more useful than these new automobiles.

Email? Sending a letter through cyberspace? No way that will beat sending a letter though the post. I'll keep posting everything thanks.

[machasm]

by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?

(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)

Some people just aren't that into SegWit, it seems.

19.75% rise! Sheesh.......well, I guess a floor of this stuff at $200 bucks is possible now...who'd a thunk it?

So again, I'm richer on paper it seems....(now that I uttered the words...that will change the wrong way ..rapidly...oops)

getting more and more befuddled about all this stuff.....tulips....dreaming of tulips....(the horror)

Bcash price was 10% bitcoin, now it's 7%. How is that a rise?

Ah...I take your point......then again I expected it to be $12 today..which is why I'm still a 'wage slave' ..

Maybe Searing means that it has risen in value against the dollar? Then again, what coin hasn't? Seems that FIAT's days are numbered.