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Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23387182 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. (148 posts by 37 users deleted.)
OROBTC
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August 28, 2019, 06:11:43 PM

Just curious, why silver and not gold?

Gold has been a better investment most of the time.


1)  The gold to silver ratio chart highly favors silver

2)  Silver is the most artificially downward rigged commodity on the entire planet in the futures market and the goal is to buy low sell high
 
3)  There's something like 1/4th the amount of above ground silver now as during the 1980's metals bull run while there's twice as much above ground gold since then.  Hard to quantify the exact supply numbers, but they favor a massive silver spike moreso than gold in any type of 'free market'.

4)  To prevent silver from being depleted and disappearing like it's current trajectory, the price will eventually have to go to several hundred dollars an ounce to warrant recycling in things like electronics

5)  In any type of monetary metals revaluation, the west has a huge shortfall in gold with probably somewhere between 0 to 2000 tons only, so would likely attempt to buffer the gold shortfall with silver valued at a high ratio like 10-20:1 instead.

6)  All other things being equal, silver has better fundamentals than gold due to having more use cases.  Commodity money works under the context that if you hoard the entire supply, people somewhere actually need the commodity resource for something and you can ask whatever the market can bear.  Conversely, since Bitcoin is not a real commodity or resource, if you hoard all 21 million the entire planet can just laugh at you and you have no power over anyone or anything.

Whaddayaknow. r0ach does a quotable.



r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):

https://apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Rhodium%20%20%20%20%20%20%20%20%20%20%20%20%20&Market=EIB

Rhodium is a platinum group metal, very rare, used in automotive catalysts, searchlights and as the watchface numerals in some Rolex watches. 

You know, in case you care.  :p

Unlike r0ach, I'd rather hold Au over Ag.
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August 28, 2019, 06:15:43 PM

podyx
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August 28, 2019, 06:16:08 PM

I guess $8k coming up?
OROBTC
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August 28, 2019, 06:16:44 PM
Merited by jojo69 (1)

Oh wow.  I stand corrected.

Have never heard of a loss carry back.  

Thank you - you taught me something today.

I withdraw my prior comments.

Your welcome my very gracious friend.  Smiley I learned more than I wanted about the insanely complex tax code as an entrepreneur.

as stated before, my primary objection to the whole goddamned thing



The US Tax Code is a disgrace.  And it hurts entrepreneurship grievously.  And it may get worse if (well, politics is best left unmentioned).  

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jojo69, you have a message!  I don't comment that much here anymore, mostly lurk.
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August 28, 2019, 06:17:18 PM

I guess $8k coming up?
6
mindrust
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August 28, 2019, 06:18:10 PM

OH noo nooo nooooo! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooo

$8k INCOMIIIIIIIIIING
aesma
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August 28, 2019, 06:19:52 PM

Wow what's going on ?
Ludwig Von
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August 28, 2019, 06:20:38 PM

OH noo nooo nooooo! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooo

$8k INCOMIIIIIIIIIING

BAKKT warehouse burned down....  Grin
mindrust
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August 28, 2019, 06:20:57 PM

Wow what's going on ?

CAn't you see? SKY IS FALLING
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August 28, 2019, 06:21:42 PM
Merited by JayJuanGee (1)

Went down by the river and low and behold...what do I see?

Hmmm....      Shocked








Decent...cheap coins coming up...buy the dips.
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August 28, 2019, 06:21:59 PM

Mebbe clearing out the leveraged longs before a pump. I expect a snap back. 
aesma
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August 28, 2019, 06:22:09 PM

Wow what's going on ?

CAn't you see? SKY IS FALLING

Yeah but why ?
Ludwig Von
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August 28, 2019, 06:23:03 PM

Wow what's going on ?

Someone took offense at the poll... . No point, loading up fiat... .
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August 28, 2019, 06:23:17 PM

Kraken stopped trading for a time earlier, I wonder if there is a link.
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August 28, 2019, 06:24:07 PM

at least there is some volume now.
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August 28, 2019, 06:24:22 PM

Guys! Stop panicking LOL
It's still $9,721

Bitcoins is not going to disappoint you.
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August 28, 2019, 06:24:29 PM
Merited by El duderino_ (2)

$11k let’s do this.  Bounce and bounce hard.
mindrust
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August 28, 2019, 06:24:40 PM


To give people cheap coins who missed the FOMO train. Everybody deserves a second chance.
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August 28, 2019, 06:26:50 PM


To give people cheap coins who missed the FOMO train. Everybody deserves a second chance.

FOMO makes you buy at tops not during dips.
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August 28, 2019, 06:33:46 PM
Merited by bones261 (2)

Hovered over $10k+ for awhile...might hover below $10k for awhile. Regardless...I would say we are into the froth.

#dyor
4h


D

#stronghands'19
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