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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25493845 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. (158 posts by 14 users with 9 merit deleted.)
Wekkel
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October 13, 2018, 09:56:08 AM

What Alistair, the author of the article I linked, contemplates is a scenario of increased inflation.

Yes, I think Bitcoin will be ‘risk off’ in a sudden collapse of financial markets.
But yes, I think Bitcoin will be ‘the Global Hype’ in an enduring fiat currency inflation (up to double digits) scenario.

It will be the crypto bull market you dreamed off.
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Reply with quote  #2

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goldkingcoiner
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October 13, 2018, 10:15:34 AM
Merited by El duderino_ (1)

What I described isn't "armageddon", it's just the balancing act the bankers attempt to pull off between a run on the banks (deflation) or the money turning valueless (hyperinflation).  One of the two events is guaranteed to occur, not "a 1% chance".  

If the central bankers do nothing, then you have deflation and a run on the banks because the interest due is always higher than the total money supply in a debt based system, so it requires infinite growth to not collapse into deflation.  Right now we're just at a point where they know global growth is impossible due to peak working age demographic and energy, so they tried to rig interest rates to zero to compensate.  When there is no cost to borrowing, this leads to enormous malinvestment, which turns it from a deflationary crash where you'd likely have one business at a time going down slowly, to probably the whole thing blowing up all at once.

As you can see, the attempt to implement bandaid fixes to extend the Ponzi only creates a more catastrophic final event to the point where refusing to willingly go back to metals as money might be an extinction level event for human civilization.  You will either wake up one morning and they'll say something like "gold is now worth $10k an ounce and silver is worth $600 an ounce and metals are the official currency", or you will have the equivalent of a zombie apocalypse and everything goes back to the stone age.

we need a conspiracy token for this guy. You can't mine it, sell it, buy it, send it, recieve it or use it but it will somehow become a big thing.

BOYSssss
Hanging out BTC style and my GF birthday starting in one hour  Grin

https://i.imgflip.com/2jzxkz.jpg
https://i.imgflip.com/2jzxno.jpg
https://i.imgflip.com/2jzxq2.jpg
https://i.imgflip.com/2jzxsy.jpg
https://i.imgflip.com/2jzxx2.jpg

NO time for BTC prices its GF birthday party with coiners only

The systematic evaluation of this Micgoossens post indicates his bonobo brain incorrectly assigns women as an asset instead of liability.  This further indicates the trail of his genome was likely from hotter or plentiful environments lacking scarcity or famine.

We love his bonobo brain. I would take a nice moron over a smart asshole any day of the week.
Wekkel
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October 13, 2018, 10:38:29 AM

I live near close enough to beg for a test drive in his Lambo one day  Roll Eyes
El duderino_
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October 13, 2018, 12:19:08 PM

Tonight is going sideways....... f***ing sidewayes, WoW pffff
Hm, someone said he wouldn't be checking price like mad tonight...
Come on, never  mind! The pump will come sooner or later. Enjoy your b'day party and have one glass for us too  Cheesy

Wasn’t checking.... it was my body going sideways instead of straight.... woke up so late , and price exactly the same so good i didn’t check too much , today @the actual BDAY ... it Will be liver trashing and hopefully very good food “brussels here we come”

 Roll Eyes

Probably still in hangover @the moment
El duderino_
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October 13, 2018, 12:21:35 PM

And yeah

ROACH who is that ....?  A right a NO COINER, i rest my case  Wink

And smart ?? With his 2 pieces of silver Roll Eyes
anonymous3x
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October 13, 2018, 01:22:16 PM

Bitcoin when will he go back to the moon?

LFC_Bitcoin
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October 13, 2018, 01:48:27 PM
Merited by El duderino_ (1)

And yeah

ROACH who is that ....?  A right a NO COINER, i rest my case  Wink

And smart ?? With his 2 pieces of silver Roll Eyes

r0ach is famous for covering himself in silver paint every morning.

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October 13, 2018, 01:50:33 PM

5 583 Meetups <3   Grin

BTCMILLIONAIRE
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October 13, 2018, 02:02:01 PM

You really are a dick sometimes.


Surprised you haven't Ignored him yet, TBH.

Makes this thread much more "sane".
I did for a while, but wanted to give him a chance. But even though I like hopium, his unrealistic one sidedness is old.  Re ignored...


"one sidedness"  Get off of it.

You conclude that you have a more objective and presumably "enlightened" perspectives?  or that you have some kind of charitable attempt at understanding various perspectives, but apparently you are lacking yourself with a bit of tolerance or ability to control your own emotions.

In other words:

 Cheesy Cheesy Cheesy
I think you've got the right idea long-term, and at least some (I don't track all) reasonable price guesses/predictions. But in one of your post you stated that we weren't in a bear market, which from a technical aspect has been wrong for more than half a year now.
It just so happens that market cycles in crypto are like those of stocks on crack in the sense that the time scale gets shrunk. And while you could argue that we were in correction territory around 10~15k, we've most certainly been in bear territory at least until very recently where you could argue a flat market (past 2-3 months).

The oscillations have been getting much thinner though, so I wouldn't be surprised if we were going to break out either before Christmas, or sometime around Spring. Unlike some others, I find it highly unlikely that we'll bear all the way to 2020ish.
I'm not sure if you're the overly optimistic perma-bull that some seem to make you out to be (since I haven't tracked this thread enough to say anything) or if you're just using clumsy terms to describe the situation.

Either way, nothing wrong with bear and sideways markets, just need a different strategy which arguably makes the whole deal more fun.
WinslowIII
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October 13, 2018, 02:41:48 PM

What I described isn't "armageddon", it's just the balancing act the bankers attempt to pull off between a run on the banks (deflation) or the money turning valueless (hyperinflation).  One of the two events is guaranteed to occur, not "a 1% chance".  

If the central bankers do nothing, then you have deflation and a run on the banks because the interest due is always higher than the total money supply in a debt based system, so it requires infinite growth to not collapse into deflation.  Right now we're just at a point where they know global growth is impossible due to peak working age demographic and energy, so they tried to rig interest rates to zero to compensate.  When there is no cost to borrowing, this leads to enormous malinvestment, which turns it from a deflationary crash where you'd likely have one business at a time going down slowly, to probably the whole thing blowing up all at once.

As you can see, the attempt to implement bandaid fixes to extend the Ponzi only creates a more catastrophic final event to the point where refusing to willingly go back to metals as money might be an extinction level event for human civilization.  You will either wake up one morning and they'll say something like "gold is now worth $10k an ounce and silver is worth $600 an ounce and metals are the official currency", or you will have the equivalent of a zombie apocalypse and everything goes back to the stone age.

Like gold and silver suddenly being the official currency would keep everything calm. If what you describe happens things having great value will be food, fuel, guns and ammo etc. Nobody will give a shit about gold or silver.
kirreev070
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October 13, 2018, 02:50:12 PM
Merited by Searing (2)

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin
Last of the V8s
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October 13, 2018, 02:57:31 PM

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin

I'm not sure even Bob could pass the bottles, though he could certainly drink all the beer.
Or did you mean return the bottles?
Searing
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October 13, 2018, 02:57:53 PM

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin

you need to make a 'daily chart' in relation to this for all crypto! It would be bigger than www.worldcoinindex.com

WinslowIII
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October 13, 2018, 03:24:07 PM

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin

And instead of going through stress you would have spent that time buzzed and happy.
kirreev070
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October 13, 2018, 03:26:21 PM
Merited by Last of the V8s (1)


you need to make a 'daily chart' in relation to this for all crypto! It would be bigger than www.worldcoinindex.com


I did the Bud Light index. In my country, Bud Light costs $ 1.97 per bottle. D January 2018 you would buy 370 Ripple (the maximum price in this chart) for $ 1000. In the chart, I indicated how much Bud Light could you buy for 370 Riplle at different times in my country.

kirreev070
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October 13, 2018, 03:58:53 PM

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin

I'm not sure even Bob could pass the bottles, though he could certainly drink all the beer.
Or did you mean return the bottles?
Yeap, I mean return
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October 13, 2018, 04:03:50 PM

You really are a dick sometimes.

Tell us what you really mean. Smiley

I'm not sure what is going on ATM. Something weird is afoot.

Bitcoin is crashing. We're all going to die. Time to start acquiring a taste for canned dog food. Practice this phrase: "do you want fries with that?".

I almost looked...


You made me look.


AAndd you saved me. Smiley

Long read but the essence to me is: what's good for gold will be good for Bitcoin as well.

https://www.goldmoney.com/research/goldmoney-insights/the-credit-cycle-is-on-the-turn?gmrefcode=gata

Since derivatives I can see this as being entirely possible as they are both now more or less being treated similar by the same class of people.

BTW that link mentions nothing of bitcoin is is far too long so I just started skimming it and it looked like a boiler plate buy gold the sky is falling hit piece to me.


If Henry Ford was alive I'd wrap him in plastic and throw him at your head.

I have no idea what this means but I concur and really wanna see it!

I see /ignored roach posts. Bullish.

X2



JimboToronto
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October 13, 2018, 04:16:40 PM

Good morning BTCland.

Still flat as a pancake... currently $6280USD/$8188CAD (Bitcoinaverage).

Yawn.

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin



Ripple? Bud Light? Yuck.

The former is a hangover waiting to happen and the latter is watery swill.

I'll stick to full-strength beer thanks. I don't pay alcohol tax on water.  Cool
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October 13, 2018, 04:25:42 PM



I'm not sure even Bob could pass the bottles, ....


maybe partially a long neck...
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October 13, 2018, 04:40:23 PM

via Imgflip Meme Generator

ROACH your in there too?  Grin
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