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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25460308 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. (157 posts by 13+ users deleted.)
bitserve
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December 03, 2018, 10:59:02 AM
Merited by infofront (1)

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

Well, as I said it depends on what you do what that borrowed money. If you use it for getting a better bigger house for living in it, instead as an investment to get a rent. If you use it to buy a better car, to buy better clothes, or to basically have more "free" money to spend on whatever you think makes you feel better as many people did, then that's where the problem comes.

People borrowed money and started to spend it like they had already earned it.... That's what basically happened.

If you are able to get someone to lend you 4M at almost no interest, and are also able to invest it wisely and safely without upping your lifestyle until you can really do it with YOUR OWN money, then it is ok. Anyways, I would consider that to be way overleveraged... but to each their own.

But that's not what most of the people that later couldn't afford to make the repayments did.
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December 03, 2018, 11:06:03 AM
Last edit: December 03, 2018, 11:16:39 AM by bitserve

I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns.
I don't understand what makes people subscribe to this narrative. What makes you think that we're heading for disaster when just about everything has been getting better on average for the past however many decades?

I'm more worried about a meteor smashing earth than humans fucking anything up before someone banking on a solution for whatever problem. And I'm not really worried at all.
http://people.uncw.edu/kozloffm/glubb.pdf

History repeats. It's much like the seasons, every time is different but the overall pattern remains. Things are shit, people make them better, then things turn to shit again. And the longer peace and prosperity reigns, the harder the fall.

All the signs are there. It will likely be a soviet style collapse, but this time on a large scale.

C'on Ibian, we have never in history lived better than we do for the past few decades. Or can you point out any moment in time you would have better preferred to live?
Which part didn't you understand? The better things are and the longer it goes on the worse it will be when it all ends.

As BTCMILLIONAIRE said, even if we were on the verge of an implosion/collapse, we would still end better than we were a few decades ago. It's not like we are going to go back to stone age.
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December 03, 2018, 11:06:51 AM

WTF are these questions? They are going way too far.... Soon they will be demanding workplace confirmation or relatives information.....

These exchanges are banks.

Fuck banks.

I know there are lots of people who want to do shitcoin trades constantly but it is just too much risk at this point.

It is either dex or hodl now.


banks are evil, man.
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December 03, 2018, 11:09:01 AM

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

Well, as I said it depends on what you do what that borrowed money. If you use it for getting a better bigger house for living in it, instead as an investment to get a rent. If you use it to buy a better car, to buy better clothes, or to basically have more "free" money to spend on whatever you think makes you feel better as many people did, then that's where the problem comes.

People borrowed money and started to spend it like they had already earned it.... That's what basically happened.

If you are able to get someone to lend you 4M at almost no interest, and are also able to invest it wisely and safely without upping your lifestyle until you can really do it with YOUR OWN money, then it is ok. Anyways, I would consider that to be way overleveraged... but to each their own.

But that's not what most of the people that later couldn't afford to make the repayments did.


+1. Only live large on money YOU own.

Only live large on borrowed money when you know you will be dead when they come for the cash....
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December 03, 2018, 11:14:37 AM

Better invest the time to have more Bitcoin  Cool
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December 03, 2018, 11:23:02 AM

I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns.
I don't understand what makes people subscribe to this narrative. What makes you think that we're heading for disaster when just about everything has been getting better on average for the past however many decades?

I'm more worried about a meteor smashing earth than humans fucking anything up before someone banking on a solution for whatever problem. And I'm not really worried at all.
http://people.uncw.edu/kozloffm/glubb.pdf

History repeats. It's much like the seasons, every time is different but the overall pattern remains. Things are shit, people make them better, then things turn to shit again. And the longer peace and prosperity reigns, the harder the fall.

All the signs are there. It will likely be a soviet style collapse, but this time on a large scale.

C'on Ibian, we have never in history lived better than we do for the past few decades. Or can you point out any moment in time you would have better preferred to live?
Which part didn't you understand? The better things are and the longer it goes on the worse it will be when it all ends.

As BITCOINMILLIONAIRE said, even if we were on the verge of an implosion/collapse, we would still end better than we were a few decades ago. It's not like we are going to go back to stone age.
Do you understand what a soviet style collapse implies?

Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.

The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.

Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.

And of course we all know how the economy is doing.

If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.

It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.
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December 03, 2018, 11:27:38 AM

An alternative would be if we stayed around this range for a couple of months, maybe even some more.... that would probably signal this as the true bottom.

What do you guys think about that? Plausible?
Hate to say it but personally I won't feel the slightest capitulation until we drop below the last ATH.
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December 03, 2018, 11:49:16 AM


Do you understand what a soviet style collapse implies?

Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.

The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.

Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.

And of course we all know how the economy is doing.

If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.

It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.

What I am not sure is what the exact problem that would inevitably lead in a collapse of epic proportions is. Economic collapse? Inmigration? Something else?

I can see factors and cycles, yeah, but I still don't see that "perfect storm" you are talking about.
bitserve
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December 03, 2018, 11:51:50 AM

An alternative would be if we stayed around this range for a couple of months, maybe even some more.... that would probably signal this as the true bottom.

What do you guys think about that? Plausible?
Hate to say it but personally I won't feel the slightest capitulation until we drop below the last ATH.


You are hurting my feelings.
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December 03, 2018, 11:59:11 AM


Do you understand what a soviet style collapse implies?

Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.

The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.

Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.

And of course we all know how the economy is doing.

If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.

It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.

What I am not sure is what the exact problem that would inevitably lead in a collapse of epic proportions is. Economic collapse? Inmigration? Something else?

I can see factors and cycles, yeah, but I still don't see that "perfect storm" you are talking about.


If you allow me, World debt will also be one of the reasons for collapse.
bitserve
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December 03, 2018, 12:08:56 PM


Do you understand what a soviet style collapse implies?

Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.

The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.

Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.

And of course we all know how the economy is doing.

If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.

It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.

What I am not sure is what the exact problem that would inevitably lead in a collapse of epic proportions is. Economic collapse? Inmigration? Something else?

I can see factors and cycles, yeah, but I still don't see that "perfect storm" you are talking about.


If you allow me, World debt will also be one of the reasons for collapse.

Yeah, that's probably the main thing I include in "economic collapse" and I am sure another crisis is coming but.... those are just cycles... even if the next crisis is the worst of the past few decades I don't see the world going into full retard collapse in every way.
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December 03, 2018, 12:12:48 PM
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Ok ok so I just opened my first long in 2 months.

I'm ready for the train. Please don't screw this up BTC   Grin Grin
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December 03, 2018, 12:22:29 PM
Merited by xhomerx10 (1), Paashaas (1), Last of the V8s (1), Phil_S (1)

Ok ok so I just opened my first long in 2 months.

I'm ready for the train. Please don't screw this up BTC   Grin Grin

via Imgflip Meme Generator

don't be afraid many of us WO's are on the train, on our way to the rockets Grin
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December 03, 2018, 12:28:40 PM


Do you understand what a soviet style collapse implies?

Stalin, 50 million dead. Mao, even more, maybe as high as 100 million. Cambodia, a full third of the population died. And on and on. Two hundred million corpses give or take.

The EU wants an army, and at this rate they will get it. It will be used against the civilian population, just as the above gentlemen did.

Thousands of migrants are heading to the US border. They will be gunned down if they try to cross, or more will come, and it will never stop. In europe they are already here and entrenched. EU wants to make criticism of immigration illegal, and again, it will likely happen.

And of course we all know how the economy is doing.

If the US ends up losing its global leadership position, that will lead to chaos on a global scale as the power vacuum is filled by someone else.

It's a perfect storm of all the things that can go wrong all at once, and there are no positives of any meaningful impact.

What I am not sure is what the exact problem that would inevitably lead in a collapse of epic proportions is. Economic collapse? Inmigration? Something else?

I can see factors and cycles, yeah, but I still don't see that "perfect storm" you are talking about.


If you allow me, World debt will also be one of the reasons for collapse.

Yeah, that's probably the main thing I include in "economic collapse" and I am sure another crisis is coming but.... those are just cycles... even if the next crisis is the worst of the past few decades I don't see the world going into full retard collapse in every way.


If in one of the strongest economies the value of your currency is 0 the rest of the world can collapse.

If they continue to increase the debt they will never be able to pay back.

It's the same example that you said, not borrowing, but on a large scale.

You just need a trigger.

Because of this it is better to have BTC  Cool
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December 03, 2018, 12:29:32 PM

It's almost too easy, shorting this thing down to 0. There must be some shakeout retribution or this is not bitcoin. I'm betting on it.

It’s not *that* easy.  Don’t sell yourself short.  
Well it might be not that easy to get the absolute maximum out of it, but even a somewhat sloppy attitude still allows the careful guy to get along well, with some lost profit on the theoretical max of course.

I still stand by my gut feeling - which after due digestion gets to SOMA status - that some swift, cruel short rekting is around the corner.
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December 03, 2018, 12:32:21 PM


Look. I will give you an advice and I will do it only once: Repeated blatant alt shilling is not allowed here.

You want to enlighten us with some really important news of an alt, more so if it could have some impact on Bitcoin? Fine.

But if all you do is keep posting alt related nonsense the WO is not place for you. That is not welcome here. Get it?

Now behave or get the fuck out.

Thanks for your understanding.

Seems that infofront should delete those kinds of posts, especially if there is not any kind of attempt, like you said bitserve, to relate the matter to bitcoin (or more specifically bitcoin price dynamics)

message about interaction with bitcoin! Bitcoin does not tolerate the growth of the ether, with each growth it loses a large share, the chart shows this very well. And why do you have such a reaction to my message? It means that I correctly talk
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December 03, 2018, 12:35:39 PM

Ok ok so I just opened my first long in 2 months.

I'm ready for the train. Please don't screw this up BTC   Grin Grin

via Imgflip Meme Generator

don't be afraid many of us WO's are on the train, on our way to the rockets Grin

Beautiful hats I hope to get one, but I'm not sure how it happens, my MaineCoon cat would look great in a hat. Cool
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December 03, 2018, 12:37:20 PM
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I start to think that maybe we, humans, set ourselves on some kind of a suicide path.
I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns.
I don't understand what makes people subscribe to this narrative. What makes you think that we're heading for disaster when just about everything has been getting better on average for the past however many decades?

I'm more worried about a meteor smashing earth than humans fucking anything up before someone banking on a solution for whatever problem. And I'm not really worried at all.
The disaster is bitcoin; it is the meteor.
Humans have been trying to find a solution for it for ten years to no avail.
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December 03, 2018, 12:38:01 PM

Beautiful hats I hope to get one, but I'm not sure how it happens, my MaineCoon cat would look great in a hat. Cool

You're just a tad green. Keep it up and you'll get your hat in no time. We have a first class mad hatter here.
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December 03, 2018, 12:42:02 PM

Beautiful hats I hope to get one, but I'm not sure how it happens, my MaineCoon cat would look great in a hat. Cool

You're just a tad green. Keep it up and you'll get your hat in no time. We have a first class mad hatter here.

Thank you !!!

(I am sorry for the off topic)
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