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Question: May 31 Bitcoin Price
<$6,000 - 11 (10.2%)
$6,000-$6,500 - 1 (0.9%)
$6,500-$7,000 - 7 (6.5%)
$7,000-$7,500 - 7 (6.5%)
$7,500-$8,000 - 6 (5.6%)
$8,000-$8,500 - 4 (3.7%)
$8,500-$9,000 - 9 (8.3%)
$9,000-$9,500 - 10 (9.3%)
$9,500-$10,000 - 11 (10.2%)
$10,000-$10,500 - 14 (13%)
$10,500-$11,000 - 2 (1.9%)
$11,000-$11,500 - 4 (3.7%)
$11,500-$12,000 - 1 (0.9%)
$12,000+ - 21 (19.4%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20274487 times)
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White sugar
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October 06, 2017, 11:45:42 AM

Is it good time to sell or to buy bitcoin?

It is a good time to hold, if you already have enough bitcoins, otherwise might be a good idea buy some. History shows that cash out in large quantities aleays is a bad idea in the long run
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October 06, 2017, 12:30:47 PM

That's a nice $100 pop! Will there finally be a weekend pump or dump? I'm feelin' a pump......
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October 06, 2017, 12:52:26 PM

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

So, we can expect bitcoin price to go up 40% by mid November?


If there is replay protection, yes.

If there is no replay protection, bitcoin will fall 60%, as the noobs will be selling their own BTC for more BTC.

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October 06, 2017, 01:02:57 PM

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

So, we can expect bitcoin price to go up 40% by mid November?


If there is replay protection, yes.

If there is no replay protection, bitcoin will fall 60%, as the noobs will be selling their own BTC for more BTC.



People will sell their B2X for more BTC with or without replay protection. The sooner you sell your B2X the better BTC price you'll get!
 
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October 06, 2017, 01:08:13 PM

in the long run

Long run:



But every trend has an end. This one when the castle of IOUs will fall.
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October 06, 2017, 01:08:27 PM

That's a nice $100 pop! Will there finally be a weekend pump or dump? I'm feelin' a pump......

 $4400 denied again.  Third time is the charm so they say.

edit:  I'm looking at the 30 minute chart.  Can't seem to stay through $4400.
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October 06, 2017, 01:11:29 PM

in the long run

Long run:



But every trend has an end. This one when the castle of IOUs will fall.

Wow the rate at which central banks are robbing us is increasing at huge rate  Shocked
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October 06, 2017, 01:47:54 PM

 :'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time
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October 06, 2017, 01:48:27 PM

Is it good time to sell or to buy bitcoin?

Yes.


Is it good time to sell or to buy bitcoin?

No.


Confirmed.
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October 06, 2017, 01:51:44 PM

:'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

http://www.businessinsider.com/if-people-knew-the-actual-inflation-rate-it-would-crash-the-economy-2016-8
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October 06, 2017, 02:16:48 PM

Turkcuck Dani wrote some words, mostly 'rules' and 'regulations', not one of them 'sovereign': https://aeon.co/essays/capitalists-need-the-nation-state-more-than-it-needs-them
One of the many occasions when the MSM editor just orders, "Look I just need 2k words of pro-statism for the SEO. Doesn't matter if it's complete piffle-waffle, it's just for the pointers."
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October 06, 2017, 02:33:29 PM

Let's see if $4400 will hold this time around Smiley
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October 06, 2017, 02:59:18 PM

Bitcoin formed a morning star pattern on the weekly chart,  the 50 MA line is just cutting through the 200 MA line from below (golden cross-over pattern) on the 6 hour chart and the market is taking another crack at $4400 today.  New ATH in two weeks

Happy Halloween! Wink


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October 06, 2017, 03:03:54 PM

:'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

Your car example is spot on. CPI is one of the very bogusest statistics, everywhere in the world. One of the best ways for guvments to obfuscate the real inflation rate.
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October 06, 2017, 03:35:46 PM

Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only.  An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
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October 06, 2017, 03:49:22 PM

Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only.  An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.

Yeah, agree. Food, building costs, utility pymts, health care, maintenance costs (car maintenance bills, oil changes, haircuts, etc.). Those are the main ones I see jumping 7-10% a year.

Poor Average Joe must still think that their job wage will somehow magically increase by 70% in the next 10 years, when it hasn't budged in the last 10. SMH. Bitcoin to the rescue.

Wow, $45CAD for plywood sheet?  Shocked

Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol.
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October 06, 2017, 04:14:52 PM

Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only.  An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.


Wow, $45CAD for plywood sheet?  Shocked

Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol.

To be fair, yes plywood is $45 a sheet and partly due to recent fires in the interior but........... are these fires and "natural world disasters" going to break anytime soon? 
People will pay until they cannot and then ushers in a higher class who can still afford it and this is where demographics change.
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October 06, 2017, 04:43:05 PM

Bitfinex Motivation behind SegWit2x trading pairs

Quote
One of the interesting characteristics of open-source projects is that developers are free to split the code into new projects if they want to take a project in a new direction. In open-source terms, this is called forking the project.

I would say that one of the interesting characteristics of doing such a thing, dear Bitfinex, is to profit as soon as possible from this game. Inflating useless tokens in the market before the time.
Again, we are becoming worst than the ones we wanted to replace in the first place.



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October 06, 2017, 04:45:05 PM

:'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

http://www.businessinsider.com/if-people-knew-the-actual-inflation-rate-it-would-crash-the-economy-2016-8

There's another huge implication which is left unmentioned in the article and it concerns economic growth.

Economic growth is the increase in GDP minus the effect on inflation. Per wiki:

Quote
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]


https://en.wikipedia.org/wiki/Economic_growth

So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.

But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).

Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
Torque
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October 06, 2017, 04:49:59 PM

There's another huge implication which is left unmentioned in the article and it concerns economic growth.

Economic growth is the increase in GDP minus the effect on inflation. Per wiki:

Quote
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]


https://en.wikipedia.org/wiki/Economic_growth

So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.

But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).

Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.

Right. And who's to say that GDP even increases by as much as they report, if at all? They can game that number too.
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