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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21337139 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. (104 posts by 20 users deleted.)
Toxic2040
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May 17, 2018, 04:35:44 PM

Good morning. Still hodling onto hope that a small mercy pump might happen for Consensus. But that is all it would be, a local pump. Nothing fundamental indicates a need for the price to go upward for now. We should know within 24 hours which direction the market will decide to go. I am looking closely at 9:00am tomorrow for some reason...wishful thinking on my part perhaps.  Must likely when despair is at its height there will be a surge upward to close longs. Otherwise I am seeing sideways and downward tendencies starting to develop. Bitcoin continues to be the safest and most secure store of value for now. Thats about it. #dyor.


The only good news I have at the moment is we are still well above the downward trend line that has plagued us all spring. I think once people figure out there is not going to be a massive pump we will retest that zone.
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JayJuanGee
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May 17, 2018, 04:41:11 PM
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Most of investing is done with borrowed money lol. There is such a thing as good debt. But if you're happy with your financial situation, then good for you. Keep doing you.

Yeah, so the thieving bankers want everyone to think.

To the extent that Mister_Success is NOT acting too arrogant for his own smarts, he does seem to make a decent point regarding the leveraging of money towards appreciating assets instead of depreciating assets, so in that regard, sometimes, borrowing money can be a good tool to leverage a person into a better position that might not be within his options if he were not able to utilize loans.   Sure traditional banks have devolved, especially the bigger ones that have gotten involved in the sucking off of the money printing tits... so in that regard, there are some, so called banks that no longer service the needs of regular peeps.  So, in regards to investing in bitcoin, it would be better to invest into bitcoin rather than fiat, so could be profitable to use some credit in order to leverage your bitcoin investment -  though it can be a dangerous game, when it comes to highly volatile assets such as bitcoin, so you have to play your cashflows smartly, if you do not want to get rekt based on short term expectations, when bitcoin does seem to be longer term profitable.

While on it's face this is all trues the one caveat to me is I do not gamble what I cannot afford to lose. I know it takes money to make money and I grew up with nothing and everything I own including my freedom has been paid for from the sweat off my back so to take any chance no matter how small on losing the cushion I have created in life whether it be a sure thing or not is not something I can justify doing. If you have no support network to fall back on in life you either smarten up and create your own or when the tide of ill come knocking they drown you down. The world is a cruel place the vast majority of first worlders never even get a glimpse of so do not have to prepare for personal doomsday scenarios. And in this scene as in anywhere in life gambling what can cause you to lose it all on the bolded I highlighted is a fools errand no matter if it's a sure thing or not. My personal number is at least 6 months of capitol for living expenses and I only have to be responsible for myself, it would be much higher if I had a family to care for.

Probably, we are not saying much different because my practices of living within my means and having a decently long projected cashflow are similar, but I still have learned to use my own credit, including 0% interest card offers (and other variations of such) to make more money than I could through my non-leveraged cashflow.  Sure there is some risk, but there is a whole hell-of-a lot less risk if you attempt to invest the money in appreciating assets, even if you might not be successful 100% of the time, you can run into situations in which your money earns much more than the interest rate that you are paying - even if that might be between 6% and 10% - for example having fiat invested in bitcoin between the end of 2015 and 2017 could have gotten you up to 78x returns, which would have been enough to pay off even the most usurious loan, even if you did not come close to maximizing the tops and bottoms.. or if you mistakenly put some that fiat into gold and silver instead of into bitcoin.
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May 17, 2018, 04:44:45 PM

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

There is such a thing as masochists. Some people like to be abused.
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May 17, 2018, 04:47:37 PM

...

Don’t think Roach is a member

I also don´t think that r0ach is a member of Mensa, but I still think that his IQ would probably be sufficient for
a membership.

His focus on topics related to Jews/Judaism and similar stuff is of course over the top, but his
analysis of certain aspects of the economic system is actually pretty spot-on. He certainly
has a talent for identifying various scams in the economy (e.g. some of his comments with
regard to the real estate scam, the nature of fractional-reserve banking or some of the shenanigans
in the stock market).

What he doesn´t understand is that metals (especially silver) are subject to a supply response.
If the silver price would increase substantially, miners around the world would simply ramp up their
operations, which would cause the price to revert to previous levels.

Bitcoin doesn´t have a supply response. Even if the miners would ramp up their operations after a price increase
and the total hashrate would double or triple in the next year we still wouldn´t see the mining of a single additional Bitcoin
apart from the already expected number of Bitcoins.

It is not too late to sell your silver stash for a stash of Bitcoins.
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May 17, 2018, 04:57:20 PM

What he doesn´t understand is that metals (especially silver) are subject to a supply response.
If the silver price would increase substantially, miners around the world would simply ramp up their
operations, which would cause the price to revert to previous levels.

It takes decades to bring new supply online like that. First people have to be motivated to go out into the jungle and desert and god knows where to start poking around looking for places that might potentially have some metals. Then they have to actually find something. Then they have to build the infrastructure. Another thing that people don't realize is that when the price is artificially low producers of existing mines are forced to abandon more and more marginal ore to stay profitable, they cut their operations to the bone, and all the supermarginal ore that they neglect they cant just go back and get later. It's for all intents and purposes lost forever.

The price suppression that we see today is planting the seeds for a future supply collapse that will take a very long time to re balance.

But your point remains taken, it will eventually rebalance where that can never happen in bitcoin.
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May 17, 2018, 05:09:15 PM
Merited by Hueristic (1), infofront (1), DaRude (1), thisisntbic (1)

I believe these past two pages are what r0ach has worked his whole life to achieve.

2 pages on the Wall Observer thread talking about him.

His work paid off.
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May 17, 2018, 05:16:03 PM

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May 17, 2018, 05:33:11 PM

https://hackernoon.com/written-evidence-submitted-to-her-majestys-treasury-committee-s-digital-currencies-inquiry-on-8162d4c299ab
@Beautyon_ with a straight bat.
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May 17, 2018, 05:43:42 PM

Might tickle up my 'portfolio' after this lol


https://twitter.com/cnLedger/status/996950431459823616
Toxic2040
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May 17, 2018, 05:53:26 PM


See you all sometime next year.
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May 17, 2018, 06:00:06 PM

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Many woulda-been, coulda-been Bitcoin millionaires become bitter, anti-Bitcoin zealots.

I got into the boat in 2013, but sold all my stash in 2015 because of reasons, would be a multi-millionaire now Smiley didn't get me bitter though, that's just life.

But back I am, hopefully smarter this time, started to rebuy in Nov 2017.




Thanks for this, good read.




I believe these past two pages are what r0ach has worked his whole life to achieve.

2 pages on the Wall Observer thread talking about him.

His work paid off.


I am truly sorry!
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May 17, 2018, 06:03:15 PM

snip
See you all sometime next year.

Could you please post one of your TA charts that actually got the price right in, let's say, the last 6 months? I'd  be glad to see if it's worth watching you or if I better scroll down these huge charts
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May 17, 2018, 06:28:20 PM

Might tickle up my 'portfolio' after this lol


https://twitter.com/cnLedger/status/996950431459823616

 Cheesy Hilarious
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May 17, 2018, 06:43:45 PM

omg its here.  Lips sealed
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JayJuanGee
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May 17, 2018, 06:54:44 PM


See you all sometime next year.



I am feeling something from your posts, Toxic poxit.

Seems like every few days your chart prognostics are shifting with the prevailing winds. 

UP then SIDEWAYS then UP then DOWN then SIDEWAYS then UP then DOWN then UP then SIDEWAYS and now seemingly DOWN.   Cry Cry

Kind of like rollercoaster.....



Makes me feel like this:

JayJuanGee
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May 17, 2018, 07:02:12 PM

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Many woulda-been, coulda-been Bitcoin millionaires become bitter, anti-Bitcoin zealots.

I got into the boat in 2013, but sold all my stash in 2015 because of reasons, would be a multi-millionaire now Smiley didn't get me bitter though, that's just life.

But back I am, hopefully smarter this time, started to rebuy in Nov 2017.

Yes, there are more "normal" peeps that attempt to learn from their mistakes and to develop better strategies. It can take a long time to move away from our tendencies to repeat our mistakes, and sometimes identify areas in which we can develop better plans and to place ourselves into a better position to prepare ourselves for luck. 

You know the saying that there is no such thing as pure luck because luck is largely a product of opportunity coming from preparation?

 I would not mind hearing some more of your details and plans on how you are expecting to go forward.  Hopefully, you understand that bitcoin remains the main place to emphasize your long term efforts, even while there remains ways to make short term profits from some of the alts.. perhaps?
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May 17, 2018, 07:31:31 PM
Last edit: May 18, 2018, 02:32:12 PM by Toxic2040

Could you please post one of your TA charts that actually got the price right in, let's say, the last 6 months? I'd  be glad to see if it's worth watching you or if I better scroll down these huge charts

No..I cant. Fear not..see below.

I am feeling something from your posts, Toxic poxit.

Seems like every few days your chart prognostics are shifting with the prevailing winds.  

UP then SIDEWAYS then UP then DOWN then SIDEWAYS then UP then DOWN then UP then SIDEWAYS and now seemingly DOWN.   Cry Cry

Kind of like rollercoaster.....



Makes me feel like this:

snip

Are you looking to me to post charts that you can make investment strategies from? I thought this was a speculation forum. [redacted]

You want me to give my honest opinions? They change as does the market. You want me to be a cheerleader...see above. Bitcoin is doing what it always does. What ever the fuck it wants. I think the consensus is a non-issue so far and many are waiting around for a pump to acquire more coin. Markets do not work that way. If everyone thinks it going up it most likely will not, instead it will do the opposite and pull the rug out from under you. Just to mess you up. Surprisingly, I am somewhat comforted with the fact there has not been a huge pump and dump so far...it shows sign of a maturing market. We are still not there imho though..hence..
I will see you all sometime next year. ciao.


 

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May 17, 2018, 08:01:17 PM
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What he doesn´t understand is that metals (especially silver) are subject to a supply response.
If the silver price would increase substantially, miners around the world would simply ramp up their
operations, which would cause the price to revert to previous levels.

Your metals analysis is way off.  The current metals industry is simply arbing excess energy supply (mostly in the form of things like diesel) and converting it into bars of silver and gold.  The diesel is being paid for with fiat dollars. Instead of conjuring fiat paper from thin air to mine silver and gold, what happens when you're required to pay silver and gold in order to mine silver and gold?  You completely overlooked this paradigm shift.

If it requires me spending a kilo of silver in order to mine 1/2 a kilo of silver, I'm probably not going to do it.  There is no massive supply response as you claimed by silver and gold going to the moon because you're now required to pay for energy in silver and gold as well.  The only real side effect is a spontaneous, massive price increase in the price of the two metals in order to fit all that economic activity.  The ESF will attempt to rig metals right up to the very last second and then suddenly silver will go from it's completely rigged price to the equivalent of hundreds of dollars an ounce with gold doing the same thing, just not anywhere near the gains of silver.

You don't hold metals in the year 2018 because you're hoping to make some paltry couple percentage points a year, you hold them because the Brzezinski doctrine has completely collapsed, the world is going multi-polar, the dollar is a dead man walking, and silver and gold will re-assert themselves as the base of Exter's Pyramid and unit of account of everything.  

Cryptocurrencies are all designed to centralize, non-fungible, have built-in rent seeking middlemen, and don't remove counterparty risk.  They have absolutely no traits required of money whatsoever.  The only purpose of cryptocurrencies is to detour as many people as possible and put them on the wrong side of the trade when the inevitable paradigm shift of energy being denominated in metals instead of dollars occurs.  It doesn't matter how many autistic Linux users or fly by night conmen like Tai Lopez pretend bitcoin can win that battle, the fundamentals do not exist and the world powers tag-team of Russia, China, Iran, Turkey, and others have already indicated the plan is gold and silver.
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May 17, 2018, 08:11:25 PM

Cryptocurrencies are all designed to centralize, non-fungible, have built-in rent seeking middlemen, and don't remove counterparty risk.

If that's the definition of cryptocurrencies, I wonder how the definition of fiat will look like in your dictionary.
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