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Question: What happens first:
New ATH - 42 (70%)
<$60,000 - 18 (30%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26356036 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.)
Hueristic
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August 29, 2019, 10:43:08 PM

If bitcoin falls to 5k that would be the first time in bitcoin's history to make a 8 month bull trap and go bearish again.

This time it is different. ™

Why so?

Institutional futures for one.


Mic = no computer expert Tongue

And out in a few minutes, its thursday @the movies day Cheesy

Thx for reminding me,


Stfu JJG! Cheesy
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August 29, 2019, 10:46:59 PM
Last edit: August 29, 2019, 11:23:16 PM by JSRAW

"Theymos Is Deleting Bitcoin's History - Roger Ver"    Grin Grin Grin

https://www.youtube.com/watch?v=hU7343Ji8GI

Theymos Reply in Meta

What really happened was that in 2012 he posted his Bitcoinica topic twice: once mistakenly in the Russian section, and once in the proper section. Then recently a Russian user happened to stumble across the Russian duplicate for some reason, reported it as non-Russian-language, and a Russian mod archived it. The real topic with replies was never touched. You can verify all of this with archive.org if you want.

I wonder if he's actually paranoid enough to believe that I'm secretly editing this kind of ancient history for some arcane reason (while also sending out notifications about it), or if it's pure propaganda. I've always found it amusing how Roger Ver, who styles himself some "high-powered CEO", seems to get so worked up about little old me, a 4chan troll at heart who admits to having essentially zero personal ambition.

 Original thread with replies

@John don't worry bro, but i do feel bad for him because of hack.
John Abraham
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August 29, 2019, 10:56:55 PM

"Theymos Is Deleting Bitcoin's History - Roger Ver"    Grin Grin Grin

https://www.youtube.com/watch?v=hU7343Ji8GI

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This statement is true if you know how much true his claim of BCH as real BTC.

Don't make this news so viral, this is probably his target to get attention from newbie and trapped them into BCH as real BTC.
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August 29, 2019, 11:00:29 PM
Last edit: August 29, 2019, 11:16:07 PM by SuperTA

@Hueristic

If you mean Bakkt,  they will have physically settled bitcoin futures so it won't have unregulated and manipulative market activity.
I heard before that the futures will bring bitcoin from 20k to $700. Well it didn't. It corrected as always around 80% in the bear markets.
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August 29, 2019, 11:34:50 PM

If bitcoin falls to 5k that would be the first time in bitcoin's history to make a 8 month bull trap and go bearish again.

This time it is different. ™

Why so?

Institutional futures for one.


Mic = no computer expert Tongue

And out in a few minutes, its thursday @the movies day Cheesy

Thx for reminding me,


Stfu JJG! Cheesy

Angel has fallen.... it was better as the previous 2 movies (not a +8 movie but enjoyable) Cheesy
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August 29, 2019, 11:56:25 PM
Last edit: August 30, 2019, 12:10:25 AM by Biodom

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21



Mmmmmm plan BTC


Suddenly? I thought so too, then remembered that Japanese are at it since 1989 (for 30 years).
I don't wish for that day to come, so this suspended animation might be OK
I give the sudden loss of confidence 50:50 chance in the next 10-20 years.
El duderino_
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August 30, 2019, 12:01:56 AM

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21


Mmmmmm plan BTC


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August 30, 2019, 01:24:58 AM

[edited out]
That being said..Id be happy to compare strike rates anytime.    Grin

What are "strike rates?"  Similar to penis sizes?

= Lambos and WAGs

What are WAGs?

[edited out]
That being said..Id be happy to compare strike rates anytime.    Grin

What are "strike rates?"  Similar to penis sizes?

Yes Jay..exactly.     Cheesy

Hm?  You are strutting a decent amount of confidence, even while I have no recollection of my Opsec devolving in that measure of grandeur or lackenings.

[edited out]
That being said..Id be happy to compare strike rates anytime.    Grin

What are "strike rates?"  Similar to penis sizes?

Lambo horsepowers  Grin

That's starting to make sense.
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August 30, 2019, 01:37:38 AM

China could launch its cryptocurrencyCBDC as soon as November 11...

Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/
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August 30, 2019, 01:49:47 AM
Last edit: August 30, 2019, 02:54:01 AM by Biodom

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called soccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.
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August 30, 2019, 02:17:19 AM

Most fiat money is debt, so negative interest rates mean that more money gets borrowed, meaning more debt is created, meaning more money is being printed.
Asset inflation continues unabated.
Market will lose confidence in the sustainability of money-printing suddenly.

https://twitter.com/jimmysong/status/1167203731550670851?s=21


I don't like this tweet because it doesn't really address the correct mechanics or ramifications of negative interest rates at all.  There's a lot of points you can discuss when talking about negative interest rates and how none of it makes sense or will work from a theoretical or real world perspective, but I think one of the big issues that nobody discusses is that negative interest rates are essentially helicopter money for the rich.  Why?  Because in negative interest rates you technically get paid to borrow, but here is the kicker...only the people who are already rich are qualified borrowers in the first place for being given vast sums of money for investment potential.

What happens then?  If rates are just negligibly negative then not a whole lot happens economically besides the price of silver and gold going up.  Nobody is going to borrow vast sums of money if they think the interest rate can flip back on them and catapult to 10-20% or something.  To get the actual effects wanted by negative interest rates (things like increased money velocity and mass inflation) you would need massively negative rates to lure anyone into taking the arb opportunity, and then it REALLY IS helicopter money for the rich aka 'the most qualified borrower'.

Negative rates - and just how low you would need to try and set them to have an effect in this context - are even worse than standard Ben Bernanke helicopter money where the govt just hands people money out of the blue.  At least that has an even distribution and works as an actual macro correction mechanism.  Helicopter money for the rich while wealth distribution and income inequality are already laughable is totally insane unless your goal is to cause societal collapse and anarchy.
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August 30, 2019, 02:27:26 AM



Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.
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August 30, 2019, 02:34:51 AM

WAGs=wives and girlfriends, usually of famous personalities, rockstars and/or football players (football that is called socccer in US).
This term is not typical in US, mostly in use in UK and probably Australia.

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).
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August 30, 2019, 02:40:24 AM



Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.

You can't change U.S. citizenship?

As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.

They take half as I understand it.

Land of the free indeed.
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August 30, 2019, 03:30:24 AM

Not Sunday, I know
But sudden impulse to buy...
It must be the dip.

#haiku
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August 30, 2019, 03:30:41 AM
Merited by BitcoinGirl.Club (1)

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out



Source link: https://twitter.com/notsofast/status/1167145806777991168
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August 30, 2019, 03:51:29 AM
Last edit: August 30, 2019, 04:21:31 AM by realr0ach

2019 - "Can't use #Bitcoin for payments lol fees are WAY too expensive"

1994 - "Can't use the internet for news lol ISPs are WAY too expensive"

How about shut up while we build this shit out

https://i.imgur.com/M7rkfyi.png

Crap comparison because ISPs can operate independently from one another, and things like Buttalik Butterin 'sharding' - parallel processing - nullifies the entire security model and purpose of a sequential linked list in the first place. Anything 'blockchain' is inherently high overhead and low performance, which is why people like Fuserleer were forced to get rid of it entirely to try and build his "eMunie" system.  But then you just have some fragile steady state system with garbage state recovery only suitable for a centralized payment processor like Paypal that does their own backups.  The actual working "shit" with infinite throughput, fungibility, security, and everything else is already "built out".  It's called physical metals. 

Can humans make a better payment system than what nature has already provided?  You can make a system for sending around imaginary timestamps or receipts, but somewhere along the line people will demand convertability to an actual resource.  The circle is not completed and you're essentially operating the same as any regular fiat without guaranteed convertability because a timestamp is useless to a human.  What's the purpose of all the overhead from a blockchain for then if it does absolutely nothing to facilitate convertability?  There is none.  You have removed no counterparty risk without facilitating a guarantee of convertability.  Which is why money is required to be physical commodity resource - there is no question of convertability then.
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August 30, 2019, 04:39:52 AM
Last edit: August 30, 2019, 04:59:11 AM by DaRude

China could launch its cryptocurrencyCBDC as soon as November 11...

Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/

Quote
Mu says, the DC/EP is being designed to replace the physical notes and coins in circulation, not the renminbi sitting in bank accounts in a digital form.
Oh how Europe would love to get rid of their dirty dirty fiat which is screwing with their negative interest rates

So the next stage finally begins! Big players will have to start their own cryptocurrency pretty soon, next will be cryptoRuble, cryptoEuro etc... Small players will have an option of going for BTC or get pwned to libra. Unfortunately by the time they react half of their population will already be holding libras.

Next stage would be when cryptoUSD/libra/renminbi/ruble/rupee/euro suddenly devalues and population realizes that they can preserve their buying power by switching to BTC. That's when the war against BTC will really begin. All in due time
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August 30, 2019, 04:43:10 AM

Oh.  Good implication that HODLers, including yours truly, are gonna be (if not already) famous (presumably through level of rich).

Famously insane maybe.  Bitcoin is the equivalent of saying "Hey, I have absolutely nothing of value.  You too?  Okay, let's do business with one another".  Bitcoin - the imaginary economy of fools.  You have this segregated playpen of people in outer space masterbating vigourously while furiously trading imaginary, valueless widgets back and forth with one another.  Then one leaves the insane asylum venturing to town to interact with the real world to try and attain a non-imaginary object of value and farmer Bob says "Are you fucking retarded, mate?"
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August 30, 2019, 04:52:24 AM

Bitcoin Mt.Gox flash Crash Bitcoin at $0.01 each

History is fun, exciting and depressing at the same time Grin video is for new folks, Need time machine!
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