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

[buyandhold]

Any activity below $100k is accumulation.

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[realr0ach]

But the recovery all hinges on one pivotal thing: the Western consumer getting back to over-consuming and piling on more debt, like they desparately need them to be doing.

The way the economic system works is mostly based around the real estate bubble scam.  Assuming the government doesn't exist, likely all real estate would be based on precious metal prices.  At this point, everyone is living happily and buying houses; most big ticket items require majority of payment up front, and if there's loans, they are mostly short term or require collateral or co-signing.  Prices are comparatively low and things like the 30yr mortgage do not exist.

Next, the banks introduce fractional reserve to lend money they don't even have to people who aren't even qualified for a loan with no collateral.  Why would a money lender lend money to someone with no collateral? Because they're lending money that doesn't even exist that was conjured out of thin air from fractional reserve, so the lender has no real skin in the game.  Even if you were a potential home buyer who could pay in full up front for a house in silver or gold, the act of creating this lending bubble has caused all home prices to skyrocket, and now qualified home buyers who could pay full in cash are forced to become borrowers like everyone else.

The Jewish banking strategy used is simply to create a vast real estate bubble on purpose, which then forces everyone to become debt slaves locked into things like 30 year mortgages which wouldn't exist otherwise.  If the real estate bubble collapses, typically the entire Jewish lending scam of lending money that doesn't exist through fractional reserve collapses and the system reverts back to the way it was before the scam was introduced - silver and gold.

[Ludwig Von]

Good morning. Sideways, upwards and downwards accumulation.
Cat stands tall but humble today.  

I see an "Old rusty saw-tooth" pattern appear... .   

[Karartma1]

You can't 'force' people to consume against their will.

Buying more stuff does not bring me happiness at this stage of my life.

Super Kudos Bob! Well said! I would add that what you said applies to everybody at every stage in every life.

Because i'm an idiot and didn't check the fud before re-posting this

3 Merits for self-recognition.  

I felt the urge to double those merits to this new guy on the WO!
Welcome!

[infofront]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

In theory you are a good person. In practice you are a degenerate. That's my final answer.

By Bitcoin, I mean BCH - the real Bitcoin. Does that change your answer?

[infofront]

LedgerX Launches First CFTC Regulated Bitcoin Savings Accounts

[Anon136]

Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?

My lambo is my brand new fully paid off house. Less flashy but also less childish.

[RayX12]

By Bitcoin, I mean BCH - the real Bitcoin. Does that change your answer?

Paging @Theymos.

Requesting new thread manager.

infofront has drunk deep of the kool-aid.

You Have My Sword, And My Bow, And My Axe...

/s

people going crazy indeed..  fuck!

[Hueristic]

Sheeit.



Everyone blame this guy.

I think we pop over 9k today. Lets do it.
 

Damn, thats a world of hurt there.

https://twitter.com/bigrekts?lang=en

[Torque]

LedgerX Launches First CFTC Regulated Bitcoin Savings Accounts

That's kind of....weird.

[Mister_Success]

Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?

My lambo is my brand new fully paid off house. Less flashy but also less childish.

Why would you pay for a home with cash when at least 80% of it could have been reinvested?

[rolling]

LedgerX Launches First CFTC Regulated Bitcoin Savings Accounts

Won't work for most people though:

Are you an Eligible Contract Participant?

All LedgerX Participants must qualify as Eligible Contract Participants (ECP).

You must meet at least one condition in the column you're using in order to qualify as an ECP.

Select all that apply*
I am an individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of $10,000,000 (an “Eligible Individual”).
I am an individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of $5,000,000, and who enters into Swaps in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the individual (a “Hedging Individual ECP”).

[realr0ach]

My lambo is my brand new fully paid off house. Less flashy but also less childish.

Why would you pay for a home with cash when at least 80% of it could have been reinvested?

Probably because he has 0 faith being an investor in a completely rigged market that can implode in cascading deflationary collapse or Zimbabwe wheelbarrow hyperinflation at any second requiring entirely different strategies depending on what happens?  For people like me who study these things, the common sense notion is that the govt and (((banks))) will not allow deflation no matter what, so you would invest accordingly, but this is by no means guaranteed.

If he bought a house and tried to do it in long term payments and utilize the money elsewhere, hell, maybe he gets Cyprused in the process by the banks and they steal the money while still claiming he owes the money for the house that...the bank already stole!  Anyway, there is no way in flying fuck would I purchase a house right now at these prices.  Maybe at 1/2 these prices.  But the reality is that they will likely try to cause runaway 1970's inflation to prevent a real estate bubble collapse because the entire system collapses if they don't as I detailed here (in more thorough form of what I already posted in this thread):

The r0ach report 42: Debt enslavement revolves almost entirely around creating real estate bubbles

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-42-debt-enslavement-revolves-almost-entirely-around-creating-real-estate-bubbles

[infofront]

Perhaps we'll have a delayed Consensus rally again?

[El duderino_]

quick question .... how do i post GIF i really try anything but can't get it done ...    . also possible with imgur ??

[xhomerx10]

quick question .... how do i post GIF i really try anything but can't get it done ...     . also possible with imgur ??

 Uplaod it to imgur and then use the pulldown menu and 'get share links' then copy the BBCode link and you can paste that directly into your  post here.

[realr0ach]

quick question .... how do i post GIF i really try anything but can't get it done ... 

I made one for you to use so you don't need to bother figuring it out:

[El duderino_]

quick question .... how do i post GIF i really try anything but can't get it done ...     . also possible with imgur ??

 Uplaod it to imgur and then use the pulldown menu and 'get share links' then copy the BBCode link and you can paste that directly into your  post here.

tried all of the links .... but only still pictures no moving GIF's    can't find this  "pulldown menu and 'get share links'"

[mymenace]

quick question .... how do i post GIF i really try anything but can't get it done ...     . also possible with imgur ??

 Uplaod it to imgur and then use the pulldown menu and 'get share links' then copy the BBCode link and you can paste that directly into your  post here.

tried all of the links .... but only still pictures no moving GIF's    can't find this  "pulldown menu and 'get share links'"

in Firefox right click on image and select "view image"

Ensure it is direct link to .gif

paste address in forum with image tag, if works yeah, if not

remove https

sometimes works, sometimes does not weird



giphy



imgur

[Ludwig Von]

quick question .... how do i post GIF i really try anything but can't get it done ... 

I made one for you to use so you don't need to bother figuring it out:

Roach, can you go back to the kitchen please? Much more interesting... .