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

[MinermanNC]

Well all seems quiet on the western front 

Business as usual, and then some....

[TeeBone]

The paper holds their folded faces to the floor. And every day, the paperboy brings more.

[r0ach]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

[pfrtlpfmpf]

guys, my buy/sell is disabled on Stamp, as of now ! Can view my account though.

Edit: Up again, they don´t know, what to do. Placed an order, but i don´t know where that went  

[Torque]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

His quotes:
"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

[bones261]

"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

That's almost like saying the 1955 D double die error penny is worthless because there's lots of pennies. 

[r0ach]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

His quotes:
"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

[Dafar]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

His quotes:
"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

No, he's pretty stupid if he thinks gold will outperform bitcoin lol 

[bones261]

 If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things. 

How would you store it?

[Ted E. Bare]

r0ach completely lost it. Can we ignore this guy already?

[traincarswreck]

By Szabo's definitions if you are unsure about bitcoin/bcc's future then you should diversify... (self.Bitcoin)

This means if you are unwilling to selling half your bitcoin equity for bcc then the strategy you have chosen is that bitcoin will win out. This goes for r/btc'ers and anyone claiming to favor bcc.

Sitting on only a proportion of bitcoin and airdropped bcc is not a proper vote for being unsure of the outcome. If you don't at least split your equity, whether you admit it or not, your strategy is heavily weighted towards bitcoin

[r0ach]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

His quotes:
"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

No, he's pretty stupid if he thinks gold will outperform bitcoin lol  

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

[bones261]

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

Revelation 13:16-18
Maybe the mark is a QR code. 

[r0ach]

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

Revelation 13:16-18
Maybe the mark is a QR code.  

If such a thing as the "mark of the beast" was actually real, I'm sure a lot of cucks in the west will take it, but it has around zero hope of spreading worldwide so you can always go somewhere else.  Does it look like you can force the "mark of the beast" on the Chechens for fucks sake?  The national pastime is pretending to be rambo:



You would need to nuke all of Russia and all kinds of other groups to make it happen.  Which is probably exactly why the evil Jews who have taken over the US govt are attempting to do exactly that.

[Dafar]

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

His quotes:
"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

No, he's pretty stupid if he thinks gold will outperform bitcoin lol  

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

So gold will hit $2200 based off the arbritarty gold vs debt chart, and silver is guaranteed at least $73 because of gold silver ratio... ok.

We have 1000s of scam coins today, they are not holding bitcoin back one bit... your last point falls apart from the evidence we've have been seeing since the first altcoin.


Bitcoin will hit $10K before gold or silver has another rally (IF they have another rally). Menials will prefer bitcoin over gold, it's much more useful and upside is much higher. Sorry you sold.

[r0ach]

Menials will prefer bitcoin over gold, it's much more useful and upside is much higher.

Millenials have...zero money lol.

[yonton]

Yes they do thanks to bitcoin haha transfer of wealth!!

[TeeBone]

Roachy, gas the kikes.

[bones261]

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

Revelation 13:16-18
Maybe the mark is a QR code.  

If such a thing as the "mark of the beast" was actually real, I'm sure a lot of cucks in the west will take it, but it has around zero hope of spreading worldwide so you can always go somewhere else.  Does it look like you can force the "mark of the beast" on the Chechens for fucks sake?  The national pastime is pretending to be rambo:



You would need to nuke all of Russia and all kinds of other groups to make it happen.  Which is probably exactly why the evil Jews who have taken over the US govt are attempting to do exactly that.

I'm sure these guys will be enough to take care of any self anointed Rambos 

[traincarswreck]

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

The governments can shut the internet down you say but not rigged the markets.  You don't actually hold the physical metal you are investing in so you have no actual argument that metals are safer than bitcoin.  The price of metals is declining that is reality, not a good store of wealth, and that they are not scarce is a clue that their predictable supply cannot be relied on, we have watched oils bubble burst and gold is falling a slower but dramatic rate.  

50 coins?  The markets are split well beyond 50 coins. You are not making a coherent argument.  You cannot invent a new bitcoin which is the standard the markets have converged on, we are about to witness proof of this.

And how is it your conclusion can be based on the markets accepting scamcoins from corporations.  You are constantly denying observable reality.