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

[goldkingcoiner]

[1593820661]

1593820661

[1593820661]

1593820661

[1593820661]

1593820661

[Hueristic]

https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies

These servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards

No single evidence of those claims been presented though. #justsaying

I haven't done any research into this but here is more.

https://www.bloomberg.com/news/articles/2018-10-09/new-evidence-of-hacked-supermicro-hardware-found-in-u-s-telecom

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

[Elwar]

I like the effort was put in this sign board. Pure love.

Oyster & Chop. Auckland.

 

[Elwar]

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?".

[bones261]

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?".

You made me look.

[cAPSLOCK]

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...

[DaRude]

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?".

Full billionaire mode is on   stocking up on cash in preparation for that bcash fork in november, there's only one way they can fund their games

[realr0ach]

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

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.

[JayJuanGee]

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:



 

[Wekkel]

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

[realr0ach]

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

Gold and silver are the Schelling point of money - a non-risk asset.  Bitcoin is a risk asset.  If things start to go bad, there's virtually no reason whatsoever for anyone to choose shitcoins over physical metals.  No, I don't mean "bad" like the DOW going down 5%, I mean bad like ATMs refusing withdrawals.  Every digital ponzi instrument masquerading as money will all equally be considered rat poison then whether it's fiat, digital shitcoins, or Chuck E. Cheese tokens.

Gold is called "the money of last resort" for a reason, which is a misleading negative connotation.  In reality, it means there's a swindler behind every corner (usually a Jew) attempting to substitute Ponzi schemes in place of real money for personal gain and metals are the only thing people accept after all the Ponzies turn into domino mode.  

[JayJuanGee]

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

Gold and silver are the Schelling point of money - a non-risk asset.  Bitcoin is a risk asset.  If things start to go bad, there's virtually no reason whatsoever for anyone to choose shitcoins over physical metals.  No, I don't mean "bad" like the DOW going down 5%, I mean bad like ATMs refusing withdrawals.  Every digital ponzi instrument masquerading as money will all equally be considered rat poison then whether it's fiat, digital shitcoins, or Chuck E. Cheese tokens.

Gold is called "the money of last resort" for a reason, which is a misleading negative connotation.  In reality, it means there's a swindler behind every corner (usually a Jew) attempting to substitute Ponzi schemes in place of real money for personal gain and metals are the only thing people accept after all the Ponzies turn into domino mode.  

Haven't you learned to hedge your bets yet, Roach?

Seems NOT to be prudent to plan your life investment around less than a 1% probable Armageddon events. no?

I am thinking that probably you should diversify a bit, just in case your speculative preparations for an Armageddon event does not happen?  You think?  And, why are your sharing this information with bitcoiners, don't you have better audiences for your guns, bullets and gold preparations?

[realr0ach]

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.

[Rosewater Foundation]

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

[JayJuanGee]

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".

Bitcoin is going to be fine in those kinds of circumstances, and surely bitcoin is going to have a whole hell of a lot more liquidation avenues than gold or silver... and easier to move in divisible parts, too
 

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.

You seem to be changing the scenarios in which gold/silver would be more useful than bitcoin, and this particular scenario does not seem to be establishing any "obvious" go to advantage like you want to conclude.

 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.

Sounds like real fantasies if you conclude that we are "all going back to gold/silver" based on what you are describing.   

You need to come up with some better scenarios if you really think that guys (and gal) here should hedge a bit into gold/silver, and you are not suggesting hedge a bit, you are suggesting to put more into gold/silver than bitcoin, and seems to me that the opposite is true... perhaps 95% bitcoin and 5% pms might be reasonable, and the other way around is not...

In other words, get your ass out there and buy some bitcoins roach, and who cares if you had happened to sell all of yours below $500 because you don't seem prepared for various banker/governmental shenanigans that are likely to occur, as you seem to be suggesting as highly probable (and I cannot really disagree about the likelihood of government/banker shenanigans being considerable)... just the preparation should be more in the direction of bitcoin.. perhaps 95% BTC and 5% gold/silver.

[nanobtc]

I see /ignored roach posts. Bullish.

[alevlaslo]

dash

[Wekkel]

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.

[goldkingcoiner]

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 

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]

I live near close enough to beg for a test drive in his Lambo one day