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

[realr0ach]

They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and  countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.

That scheme already failed and is obviously NOT going to happen.  China and Russia refused to go along with it.  You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing.  Why do you think Russia is demonized?  After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger.

They are not buying up all those metals for no reason.  Why do you think Russia is currently showing off pictures of their gold and silver vault this week?  Why do you think Mnuchin recently held up a gold bar claiming Ft Knox has gold in it (when it really doesn't or much less than claimed).  Why do you think Trump constantly makes references to Andrew Jackson?  Why do you think Trump's twitter says not once, but NUMEROUS times:



The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world.  Some of the evil Jewish banker sect of the US govt insists on trying to continue with their global, cashless society slave system, but it would require a nuclear war to pull off with everyone on the planet dying in the process.  You can take it to the bank 100% metals are going to be revalued so that current debts can be transferred to a new system.  

Debt forgiveness is far more problematic to pull off and even less wanted by the banking powers, and can also lead to collapse of civilization in the process.  Metals revaluation is the most safe way to keep civilization functioning without risking instantly going into a new dark ages when the debt bubble collapses.

[orpington]

They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and  countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.

That scheme already failed and is obviously NOT going to happen.  China and Russia refused to go along with it.  You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing.  Why do you think Russia is demonized?  After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger.

They are not buying up all those metals for no reason.  Why do you think Trump constantly makes references to Andrew Jackson?  Why do you think Trump's twitter says not once, but NUMEROUS times:



The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world.

Who is Exter and why did he build a pyramid?

[Last of the V8s]

 Simon Dixon Retweeted
BnkToTheFuture
‏ @BankToTheFuture
2h2 hours ago
Make sure you have your fully verified account ready to participate. Pre-Sale starts Tuesday 16th 3PM GMT http://bnktothefuture.com/bf-token

@BitfuryGeorge
14h14 hours ago
How we will be helping:
- Launch of Emercoin Fund to attract even more developers & coders
- Building a Vibrant Community
- Marketing and Communications
- Providing additional security by merge-mining on Bitcoin
- Listing on Global Exchanges
- Global Projects & Partnerships

2 more slippery cunts revealing their scammy designs on your bitcoin.

[realr0ach]

2 more slippery cunts revealing their scammy designs on your bitcoin.

Since when is anything bitcoin related NOT a scam.

[TERA2]

[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
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31/12/2017 Raja_MBZ
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04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
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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
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12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
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17/02/2018 leveldkrypto
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15/03/2018 podyx
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21/03/2018 dakustaking76
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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
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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