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

[HairyMaclairy]

Is that the sign of the Iluminati on top?

[Last of the V8s]

[flashbit]

and they say buy gold, so fun

[STT]

Who is Exter and why did he build a pyramid?

This is going to blow your mind but Exter was on the board of the Federal reserve .    Before the gold standard fell and the system fell into the dark side the ironic thing was that the Federal reserve underlined how solid value under pins more speculative ventures.

Not that there is anything wrong with risk, various debt, bonds and the whole spectrum of variable quality papers of value being exchanged.  The Exters triangle just outlines how the most stretched unclear values ultimately rely on far more boring things as gold.

Thats why its clear gold and bitcoin are not interchangable.  Bitcoin could be great, might keep on growing but its transactional not a fixed asset and clearly its value is highly changeable.    Its foolish to keep all value in 1 asset type, gold is inert and not massively useful but it does function as money for thousands of years now.   I dont disagree with silver or even copper and many other alternatives but they all tend to be more industrial which comes back to flucuation of supply and demand and variable value.   Gold on the other hand doesnt ever change and roughly is supplied in line with population growth, its far more steady in value then most.   Something like 1% is rational allocation, if people cant hold that much they are either not especially wealthy which is fine and normal even or they are not rational in risk avoidance.  Gambling is a common past time but not the good gamblers cash out profits at day end

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

[TERA2]

I cant bury bitcoins under a pyramid for tens of thousands of years til my immortal soul reincarnates as pharoah. There wont even be a bitcoin. I need gold for my pyramid scheme.

[realr0ach]

Something like 1% is rational allocation

1% has never been a rational allocation to metals.  The standard was 10% in the past, but most money managers are raising that to 30% lately because it's an obvious inverse bubble and asymmetric trade, along with all govts and monetary systems being disasters.  If you believe the debt bubble implosion is imminent, then you would obviously go much higher.  The whole purpose of random boomercucks hedging to metals is so that if your paper assets blow up, the metals act as insurance to make you whole again.

Depending on post-revaluation GSR, you would probably need something like 5% of your net worth in silver, or 10% of your net worth in gold.  If GSR returned to old historical levels, then you might be able to get away with as little as 3% of net worth in silver.  I'd rather do better than break even myself and instead make money on shorting the jews and govt by buying large amounts of metals.

[mike4001]

I cant bury bitcoins under a pyramid for tens of thousands of years til my immortal soul reincarnates as pharoah. There wont even be a bitcoin. I need gold for my pyramid scheme.

Well ... you could engrave your private keys in some kind of cryptosteel and burry it.

Gold only has value because people want it. You could say the same for BTC in 1000 years

[bitcoinPsycho]

 time to go back to $14000

[realr0ach]

Gold only has value because people want it.

People claim that but it's not really true, it's because the class of metals known as noble metals are some of the few substances that fulfill the checklist of requirements needed of money like durability, portability, scarcity, fungibility, divisibility, etc.  

Or to put it differently, gold does not react with oxygen or water, and the planet is covered in both, so it's one of the keys to the durability checkmark.  Silver also does not react with oxygen or water, but it will tarnish from random hydrogen sulfide it runs into in the air.  This means for human purposes, gold is more inert and money is supposed to be as boring and unchanging as possible.  However, the overall durability and inertness of gold, silver, and platinum is mostly negligible when compared to one another, and especially against all other competing non-noble metal substances.

Gold has the benefit of being more inert for human purposes in this ecosystem, but it's also softer than silver, so would actually be less durable in that regard, giving pros and cons to both with gold not actually being a clear all-around winner.  The purpose of the durability is to transfer generational wealth from one person to another, acting as an actual decentralized blockchain without an exposed power vacuum to be taken over and turned into a permissioned ledger monopoly, unlike bitcoin.

Yes, it's true, metals are the real blockchain and bitcoin is a poor Rube Goldberg imitation with huge overhead, built-in middlemen, and non-removal of counter party risk.  As can be seen by comparing the aging of Roman coins, both metals fulfill the role of "durable" and inert enough with the various differences being mostly a wash as talked about above.  These pictures are of a blockchain that's billions of years old.  How old is your shitty blockchain?

[bitcoinPsycho]

time to go back to $14000

Fuck gold . if I bought gold instead of bitcoin I would be poor

[bitcoinPsycho]

buy sand

[flynn]

I have a 14K green hardon ...

[bitcoinPsycho]

I have a 14K green hardon ...

que Bob

[flynn]

I have a 14K green hardon ...

que Bob

14027 on Stamp ... didn't last long, but hey

[realr0ach]

I have a 14K green hardon ...

Shitfinex started mad dumping as soon as they tried to pump it.  Shitstamp was just like "whatever, we have no volume so don't really care what anyone else does.  Just call us tomorrow and tell us whether to set the price to $3k or $14k".

[erre]

Gold only has value because people want it.

People claim that but it's not really true, it's because the class of metals known as noble metals are some of the few substances that fulfill the checklist of requirements needed of money like durability, portability, scarcity, fungibility, divisibility, etc.  

Or to put it differently, gold does not react with oxygen or water, and the planet is covered in both, so it's one of the keys to the durability checkmark.  Silver also does not react with oxygen or water, but it will tarnish from random hydrogen sulfide it runs into in the air.  This means for human purposes, gold is more inert and money is supposed to be as boring and unchanging as possible.  However, the overall durability and inertness of gold, silver, and platinum is mostly negligible when compared to one another, and especially against all other competing non-noble metal substances.

Gold has the benefit of being more inert for human purposes in this ecosystem, but it's also softer than silver, so would actually be less durable in that regard, giving pros and cons to both with gold not actually being a clear all-around winner.  The purpose of the durability is to transfer generational wealth from one person to another, acting as an actual decentralized blockchain without an exposed power vacuum to be taken over and turned into a permissioned ledger monopoly, unlike bitcoin.

Yes, it's true, metals are the real blockchain and bitcoin is a poor Rube Goldberg imitation with huge overhead, built-in middlemen, and non-removal of counter party risk.  As can be seen by comparing the aging of Roman coins, both metals fulfill the role of "durable" and inert enough with the various differences being mostly a wash as talked about above.  These pictures are of a blockchain that's billions of years old.  How old is your shitty blockchain?

Why you said that gold and silver are a blockchain? They clearly are not.

Gold and silver are a pretty different thing than blockchain technology, I really can't understand how you can consider them as some kind of altcoin. They are a way to store value, not a cryptocurrency!

Anyway, I like the gold one! How many btc for that?

[flynn]

january bonus-month panic buy

[Phil_S]

time to go back to $14000

Higher!

[fortune143]

Move all of this gold talk to the gold wall observer thread please, meanwhile bitcoin is preparing to test ~$14k resistance levels.