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

[infofront]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed.

The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle.

It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure.

Yes, but at what cost? A WWII style war with a clear and legitimate enemy would be far preferable to a soviet-style meltdown on a large scale. Even if only under the heading that "less people would die".

Does that not feel a bit uncomfortable Ibian, the concept of "A clear and legitimate" ennemy? Between 1933 and 1939 many leaders of the so called democracies admired Hitler, Musso and even the Japanese... . When it comes to war, ther is no such concept. Look at all the wars that haven been ever since 1945, it only has become more and more fog, mist and smoke ennemies. I follow Infofront but for the opposite reasons : Bitcoin is challenging the warmongers.  

My thinking is that the warmongers will fight to stay in power the only way they know how.

The only way I can imagine there being peace is if the coming financial catastrophe results in a sudden defunding of the war apparatus. If fiat currencies lose their value quickly enough, and the world transitions to Bitcoin quickly enough, fiat might not be valuable enough to fund large war efforts. As Ibian pointed out, that might not be the best case scenario though. One alternative, for example, could be mass starvation, and left-wing death camps.

[RayX12]

Ride those bears!

[realr0ach]

I bought and held GLD for a while and it was the most fucking boring investment ever.

You need to be completely economically illiterate in order to purchase paper gold or silver derivatives instead of the real thing.  If the price of the metal skyrockets either from a run on metals and the Comex scam blowing up or forced revaluation they either:

A)  Just take whatever you make believed you owned and rob you since there's something like 600 paper claims for every real ounce

B)  Utilize the fine print where they're allowed to liquidate your paper claim at $1300 then immediately revalue gold to $10k right after and give you zero of the profit

An "investment" is not something where you're exposed to only downside risk or theft with none of the upside...that's just a standard Jew scam.  You either got physical or you got nothing.

[Dabs]

I have some physical silver. I'll get maybe some physical gold too.

I used to have a firearm and a few thousand rounds of ammo. There's a practical limit to how much you can get of that too, no point in getting more unless you can actually afford to keep them all in some safe storage. You can also just keep practice shooting and buying ammo to replace the used ones, cycle, or reload them. Going to become a fun hobby after that (and improve your marksmanship, because them guns are useless if you can't aim or shoot.)

And, as I've mentioned before, I keep some crypto in BTC, as well as hold some in a bunch of alts ... they are correlated after all.

[bitserve]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)

Yep a 500$ increase means that the bulls are in for the fight with the bears and they are showing that they don't want Bitcoin to go down below 7,000$. It will just need one big pump for it to go up again. Right now it is trying to complete a inverse head and shoulder pattern which is a bullish formation if it goes about 7,600$ our first target would be 7,700$- 7,800$ but if it goes down to 7,350$ then this rally would be over.

7335 bluh

well does this mean the rally is back on?

Only after the next bartpwards move.

[Torque]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

It saddens me to think that the uninformed Average Joe out there doesn't know this about Bitcoin:

You can mine for it (at cost), but you can't QE it like fiat. You can't create it magically out of thin air. Ever. And it's issuance rate is going in the exact opposite direction than that of fiat money.

The U.S. dollar just broke below 0.05c worth of purchasing power left since it was first issued. I'm sure if even a small percentage of the QE'd reserved dollars came flooding back to roost, it's purchasing power would be all but completely gone.

[TERA2]

Can someone explain why we are talking about silver so much here? I thought it was a bitcoin forum. Isnt there a silver forum for that?

[jojo69]

Oh Tera

they are just being Agumentive.

[mymenace]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

It saddens me to think that the uninformed Average Joe out there doesn't know this about Bitcoin:

You can mine for it (at cost), but you can't QE it like fiat. You can't create it magically out of thin air. Ever. And it's issuance rate is going in the exact opposite direction than that of fiat money.

The U.S. dollar just broke below 0.05c worth of purchasing power left since it was first issued. I'm sure if even a small percentage of the QE'd reserved dollars came flooding back to roost, it's purchasing power would be all but completely gone.

Here we go again

the devaluation of a currency

minting 40% less silver in the denarius coin Rome were able to spend more, but the devaluation ruined the empire

http://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/


with crypto what you are actually seeing is a transfer of wealth away from magical paper money
and into the hands of decentralised individuals

further devaluation

[Torque]

http://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/

And when you read about how the debasement of the currency led to soldiers demanding more and more pay or they would revolt, it's pretty easy (and frightening) to see why the militaries of the world are pushing for more and more robots. Robots can't revolt and will work for free (or just energy anyway).

[Ibian]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed.

The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle.

It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure.

Yes, but at what cost? A WWII style war with a clear and legitimate enemy would be far preferable to a soviet-style meltdown on a large scale. Even if only under the heading that "less people would die".

Does that not feel a bit uncomfortable Ibian, the concept of "A clear and legitimate" ennemy? Between 1933 and 1939 many leaders of the so called democracies admired Hitler, Musso and even the Japanese... . When it comes to war, ther is no such concept. Look at all the wars that haven been ever since 1945, it only has become more and more fog, mist and smoke ennemies. I follow Infofront but for the opposite reasons : Bitcoin is challenging the warmongers.  

Compared to what? There are no other options. It's direct confrontational war, or an economic meltdown where even more people die. That's it, death or death. Nothing grows forever.

[Anon136]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed.

The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle.

It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure.

Yes, but at what cost? A WWII style war with a clear and legitimate enemy would be far preferable to a soviet-style meltdown on a large scale. Even if only under the heading that "less people would die".

Does that not feel a bit uncomfortable Ibian, the concept of "A clear and legitimate" ennemy? Between 1933 and 1939 many leaders of the so called democracies admired Hitler, Musso and even the Japanese... . When it comes to war, ther is no such concept. Look at all the wars that haven been ever since 1945, it only has become more and more fog, mist and smoke ennemies. I follow Infofront but for the opposite reasons : Bitcoin is challenging the warmongers.  

Compared to what? There are no other options. It's direct confrontational war, or an economic meltdown where even more people die. That's it, death or death. Nothing grows forever.

It is technically possible that we could be bailed out by geometric progression in self improving AI. Not saying likely or anything. But technically possible.

[Ibian]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

2020 is the estimated year some of us came up with for the So Obvious The Muggles Can't Pretend to Ignore It event. Something that has been brewing for decades will happen, and Trump, the far right extremist president who stole the election, will be blamed.

The next few years are indeed extremely critical. We will either change the turning of the wheel of history, or repeat the cycle.

It doesn't matter. Bitcoin will demolish and reshape every existing order and power structure.

Yes, but at what cost? A WWII style war with a clear and legitimate enemy would be far preferable to a soviet-style meltdown on a large scale. Even if only under the heading that "less people would die".

Does that not feel a bit uncomfortable Ibian, the concept of "A clear and legitimate" ennemy? Between 1933 and 1939 many leaders of the so called democracies admired Hitler, Musso and even the Japanese... . When it comes to war, ther is no such concept. Look at all the wars that haven been ever since 1945, it only has become more and more fog, mist and smoke ennemies. I follow Infofront but for the opposite reasons : Bitcoin is challenging the warmongers.  

Compared to what? There are no other options. It's direct confrontational war, or an economic meltdown where even more people die. That's it, death or death. Nothing grows forever.

It is technically possible that we could be bailed out by geometric progression in self improving AI. Not saying likely or anything. But technically possible.

Let's keep the sci-fi to sci-fi forums. We like to focus on reality.

[Anon136]

It is technically possible that we could be bailed out by geometric progression in self improving AI. Not saying likely or anything. But technically possible.

Let's keep the sci-fi to sci-fi forums. We like to focus on reality.

Yea right. Good luck with pretending like AI is fiction. You said there was no other option. I provided an entirely scientifically plausible one.

[infofront]

I just want AI and robotics to improve to the point where I can replace my wife with one (or several) robotic women.

[Kylapoiss]

I just want AI and robotics to improve to the point where I can replace my wife with one (or several) robotic women.

What if they get too smart and make an evil plan to make you their slave instead of pleasing you?

[Anon136]

I just want AI and robotics to improve to the point where I can replace my wife with one (or several) robotic women.

What if they get too smart and make an evil plan to make you their slave instead of pleasing you?

So best case scenario is pleasure robot. Worst case scenario is back where he started. Sounds like a good deal.

[Kylapoiss]

I just want AI and robotics to improve to the point where I can replace my wife with one (or several) robotic women.

What if they get too smart and make an evil plan to make you their slave instead of pleasing you?

So best case scenario is pleasure robot. Worst case scenario is back where he started. Sounds like a good deal.

Didn't think of it that way, but they'd have to be made of something else than metals, wouldn't want to fck something from an old scrap yard.

[nanobtc]

Uh, realdoll.com has been around for over a decade. Not my cup of tea, and there's plenty of copies now.

Don't forget the repair kit.

[moneyForjam]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)

Yep a 500$ increase means that the bulls are in for the fight with the bears and they are showing that they don't want Bitcoin to go down below 7,000$. It will just need one big pump for it to go up again. Right now it is trying to complete a inverse head and shoulder pattern which is a bullish formation if it goes about 7,600$ our first target would be 7,700$- 7,800$ but if it goes down to 7,350$ then this rally would be over.

7335 bluh

well does this mean the rally is back on?

I just went long 7360