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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390469 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
LFC_Bitcoin
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August 21, 2018, 05:17:53 PM

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind  Grin

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.
Last of the V8s
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Be a bank


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August 21, 2018, 05:22:37 PM
Merited by Gyrsur (1)

El duderino_
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August 21, 2018, 05:24:25 PM

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  Smiley
Gyrsur
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August 21, 2018, 05:28:15 PM
Merited by El duderino_ (1)

I JUST LIKE MY COINS TO DAMN HARD  Smiley

#MeToo  Grin
Anon136
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August 21, 2018, 05:30:14 PM

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

Whether it be with you or your kids or their kids or their kids the money will eventually run out no matter how much it is, while the effects of the broken chain of work ethics could plague your lineage for all time. I'm trying to prepare my children to be future capitalists.
jojo69
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August 21, 2018, 05:32:18 PM

It's true, money ruins people.  That's why I don't reproduce.  I'm only responsible for ruining myself.
Anon136
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August 21, 2018, 05:34:49 PM

It's true, money ruins people.  That's why I don't reproduce.  I'm only responsible for ruining myself.

Here is a book about how to not let your money ruin your children and future generations. In case you ever change your mind.

https://www.amazon.com/Intentional-Legacy-David-McAlvany/dp/1943217432/
jojo69
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August 21, 2018, 05:36:24 PM

dude

I'm not even responsible enough to have a dog
Anon136
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August 21, 2018, 05:39:20 PM
Last edit: August 21, 2018, 06:40:38 PM by Anon136

dude

I'm not even responsible enough to have a dog

Hey it's all just a choice. You may decide to be responsible some day. ¯\_(ツ)_/¯
LFC_Bitcoin
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August 21, 2018, 05:44:34 PM
Merited by El duderino_ (1)

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  Smiley

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.
 
El duderino_
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August 21, 2018, 06:15:15 PM

I JUST LIKE MY COINS TO DAMN HARD  Smiley

#MeToo  Grin

thats the real HODLER spirit  Grin
gentlemand
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August 21, 2018, 07:17:43 PM

http://blog.mclain.ca/buy-and-hold-31-cryptocurrencies-for-365-days-week-52/

This is the final instalment of one geezer's 52 week journey of buying and holding.

Result - just under break even.
doc12
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August 21, 2018, 07:34:38 PM

Shorts @ATH and 100M Tether printed, fasten your seatbelts Cool
bitebits
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August 21, 2018, 07:43:49 PM
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I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

Alternatively you can get yourself more bitcoins so you don't have to rely on any gods.
Last of the V8s
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August 21, 2018, 08:26:48 PM

https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns%208-7-2018.pdf
Risks and Returns of Cryptocurrency
Quote
if the investor believes Bitcoin will continue to do as well as the past seven years, she should hold about 6.1 percent share of Bitcoin in her portfolio. Even if the investor believes Bitcoin will only have half of its historical performance going forward, she should still hold about 3.1 percent share of Bitcoin in her portfolio.
+ moar good stuff + some dodgy stuff
HairyMaclairy
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August 21, 2018, 08:34:53 PM

Which bcash lol is best bcash lol?


cAPSLOCK
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August 21, 2018, 08:39:02 PM

Which bcash lol is best bcash lol?




I officially dub it:
ABCash

Damn... it's almost too cool to give it away.  I could charge them but it'd need to be in something real like BITCOIN, or MONERO.

On second thought... make it MONERO.  I don't want anyone to know I did this.
kurious
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August 21, 2018, 08:43:48 PM

https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns%208-7-2018.pdf
Risks and Returns of Cryptocurrency
Quote
if the investor believes Bitcoin will continue to do as well as the past seven years, she should hold about 6.1 percent share of Bitcoin in her portfolio. Even if the investor believes Bitcoin will only have half of its historical performance going forward, she should still hold about 3.1 percent share of Bitcoin in her portfolio.
+ moar good stuff + some dodgy stuff

I had a friend who was a hedge fund manager, a 'macro' trader.  She was fascinated with crypto as it was an 'uncorrelated asset class' which in the investment world is a good things to find.   You don't want all a portfolio in asset classes that all respond to economic factors in the same way.  Everyone needs something in their portfolio that doesn't do what the old school investments do.

This seems to reach a similar conclusion:  Crypto is different to the old shit.  Best buy at least 'some' - it makes sense.

(Well found, Sir)
Elwar
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August 21, 2018, 08:55:56 PM

2 days until the ProShares ETF is rejected.

Not your keys. Not your bitcoins.
STT
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August 21, 2018, 09:00:27 PM

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  Smiley

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.
 

Thats a good explanation of why it'll never goto 50,000 then really.   In dollar terms, maybe USD does so horribly we can see that number but in value terms the only need for 50k is via the actual utility of BTC being so high that people are willing to hold it overnight and then you have a billion doing so the price is raised inadvertently.
 
Real estate is very likely more productive for most people and many dont have much spare cash so why is the price going to 50k in that scenario.   Money is more useful in transit but long term you'd need a good reason to push it that high I think.

BTC is depressed right now because US Dollar strength is apparent.  Its nonsense of course but all this tariff and Iran sanctions and so on gives the appearance of strong dollar.   So in terms of running a constant deficit and juggling 20tn of debt this does not work out for the FED or US treasury, it is unlikely to continue as a long term dynamic.    Almost completely obvious is that inflation is always going to be above interest rates, so allowing the reduction of debt in real terms and that means weak dollar.   The free market naturally searches for an alternative to a common standard unable to hold its value, if that wasnt true we'd be in 3 figures still.  Many consider strong dollar a possibility when market consensus turns opposite it should then be far less harsh an environment overall


^lol Torque soo cynical

Torque is right, governments main purpose is to be better then the negative scenario it replaces.   By itself government is not productive, its not part of growth, theres no profit and its literally a tax upon the economy and people its sitting on.    Main thing we can hope for is governance of the military which no other entity can control except this idea of democracy and the benefit of having everyone situated like this is they accept the title of public servant and when told immediately step down which avoids the problem any country with a strong military normally has.
  Really all government does is in its distribution of power and avoidance of harm, otherwise they operate poorly and with great cost compared to any normal competitive consideration.

We need competitive capitalism and we dont have it, we got forced pricing in interest rates and politics instead of business.  For now most of that politics is related to democracy but I dont suppose we always get that. That story is pretty much the biggest global issue I can think of ongoing every year maybe for the rest of my life until it falls over.   Even if crypto disappeared and was found to be of no use, we'd still be stuck with that problem of a failed currency system with countries occasionally reverting to near barter economies and suffering great losses in growth and efficiency.
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