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

[realr0ach]

Answer me HONESTLY this simple question:

What has more probabilities of a 10x in the next following years Bitcoin or silver?

I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes.  There might just be martial law or global Venezeula.  Bitcoin will definitely be completely useless.  Odds of some sort of a cyclical dark age are pretty damn high.  Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level.  

When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency.  There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on.

I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value.  Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well.  The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them (for their own good of course and definitely not some ulterior motive).

[bitserve]

So you are basically betting all-in onto a full worldwide financial and infrastructure collapse like nothing we have ever seen before?

Fuck, then yes, maybe your choice might make "some" sense in that scenario.

I just don't think that a full blown apocalypse is anywhere near to happen no matter how bad the worldwide economy is or how deep the next crisis is.

Some risky bet you are doing there, let me add. But if you are convinced about that, well, let it be.

[Cryptotourist]

I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes.  There might just be martial law or global Venezeula.  Bitcoin will definitely be completely useless.  Odds of some sort of a cyclical dark age are pretty damn high.  Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level.  

When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency.  There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on.

I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value.  Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well.  The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them.

Very narrow minded approach. Complexity is what makes life so special btw.
Global Venezuela? BTC useless?
How can you even state that. Are you getting paid or something for every such statement?

Anything can be used as a mean to transfer value: paper, metals, crypto & salt! As long as both parties involved are in agreement.
Salt use to be valued as much as gold back then.
Maybe you should invest heavily into salt mate

[realr0ach]

So you are basically betting on a full worldwide financial and infrastructure collapse like nothing we have ever seen before?

Fuck, then yes, maybe your choice might make "some" sense in that scenario.

I just don't think that a full blown apocalypse is anywhere near to happen no matter how bad the worldwide economy is or how deep the next crisis is.

Some risky bet you are doing there, let me add. But if you are convinced about that, well, let it be.

In case you're unable to read between the lines, the only world in which bitcoin has value at all is one that does not experience deflation, because:

1)  deflation wipes out the banks and then forces banks to revalue gold and silver to the moon to add liquidity back to the system.

2)  bitcoin is just a dollar derivative so implodes with everything else in deflation, unlike metals because nations like China and Russia are going to force metals revaluation whether western Jewish scammers want it or not

In other words, bitcoin is like some retarded dotcom bubble stock where the only way it can retain any type of value is for the economy to continuously inflate into an even bigger bubble.  Silver and gold are thus viable as insurance and a hedge against deflation and inflation, while craptocurrency is only useful for inflation, and isn't even reliable for that since they have no fundamentals from being designed to centralize and can die off at any time due to this.

[wayna]

Answer me HONESTLY this simple question:

What has more probabilities of a 10x in the next following years Bitcoin or silver?

I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes.  There might just be martial law or global Venezeula.  Bitcoin will definitely be completely useless.  Odds of some sort of a cyclical dark age are pretty damn high.  Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level.  

When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency.  There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on.

I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value.  Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well.  The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them (for their own good of course and definitely not some ulterior motive).

The following is an argument just to stimulate a change of perspective, I don't want to have the reason because the world is not black and white... anyway...

Ideally, Bitcoin can run outside the current money system and you don't need intermediaries.
It's value is given by people that decide how much is valuable, let's say scarcity.
You just need electricity and computers running which will stay here even in a giant economic collapse.

Paradoxically, Gold is pretty much the same as BTC, it's scarce and, even though it's a metal and you can produce beautiful goods with this, the main point about its value is because of scarcity. A mental change of perspective could attribute the same amount of value to a virtual currency rather than a material one, it's more efficient, green and functional.

Another correlation... theoretically mining Bitcoin is pretty much the same as mining gold and I think it was intended like that, the more you mine BTC the more it gets harder like gold which is a limited Earth resource, but the latter is a more expensive process, you literally need to dig holes instead of running computers 24h/day which already happened before BTC was invented.

[realr0ach]

Very narrow minded approach. Complexity is what makes life so special btw.
Global Venezuela? BTC useless?

Complex systems always collapse and revert to simpler ones.  There is no scenario in which the failing global monetary system based on scams and fraud flips over to craptocurrency (another complex, centralized, and fraudulent system).  It's guaranteed to be metals.  For anyone that doesn't understand why, probably start off reading or watching something like Joseph Tainter & complexity theory:

https://www.youtube.com/watch?v=G0R09YzyuCI

[bitserve]

I always thought that the best to be during deflation is FIAT. Am I wrong?

[kurious]

UK HMRC chucks in its two pence:

Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.

As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.

A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities.

Lots of other stuff in there about airdrops and forks

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

Thanks Hairy, well spotted - this is the first new stuff they've posted since 2014 (when they were vague and talked about it possibly being seen as 'gambling')

Now, how to put all the data together when a lot of the exchanges from way back are long gone; BTCE, Cryptsy, Gox et al. 

I will need to face up to my dirty little Alt flirtations over the years, of which I am sure I will find contain many embarrassing sojourns I had totally forgotten.

[realr0ach]

Ideally, Bitcoin can run outside the current money system and you don't need intermediaries.

You are a mindless robot repeating lies from used car salesmen like Andreas Antonopolous.

1)  Bitcoin has built-in middlemen and does not remove counterparty risk

2)  Any non-fungible currency is a permissioned ledger by default

3)  Transaction validators in every cryptocurrency are designed to centralize making them have no fundamentals and being completely pointless

4)  It's 100% impossible to create a decentralized digital currency

[samson]

UK HMRC chucks in its two pence:

Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.

As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.

A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities.

Lots of other stuff in there about airdrops and forks

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

Thanks Hairy, well spotted - this is the first new stuff they've posted since 2014 (when they were vague and talked about it possibly being seen as 'gambling')

Now, how to put all the data together when a lot of the exchanges from way back are long gone; BTCE, Cryptsy, Gox et al. 

I will need to face up to my dirty little Alt flirtations over the years, of which I am sure I will find contain many embarrassing sojourns I had totally forgotten.

They're going to tax the profits but not credit any losses!

[VB1001]

This is fantastic, on all fronts there is development !!!

Bitcoin From Space

The move is an interesting one, as it removes the dependency on a physical internet connection through traditional ADSL connections and fibre optic networks.



https://cointelegraph.com/news/bitcoin-from-space-blockstream-cso-explains-its-satellite-services

[bitserve]

UK HMRC chucks in its two pence:

Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.

As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.

A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities.

Lots of other stuff in there about airdrops and forks

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

Thanks Hairy, well spotted - this is the first new stuff they've posted since 2014 (when they were vague and talked about it possibly being seen as 'gambling')

Now, how to put all the data together when a lot of the exchanges from way back are long gone; BTCE, Cryptsy, Gox et al. 

I will need to face up to my dirty little Alt flirtations over the years, of which I am sure I will find contain many embarrassing sojourns I had totally forgotten.

The good thing about the long gone exchanges is that you can use them to fill the blanks without no way for the HMRC to prove otherwise. Of course the "filling" must be reasonable and coherent with all the rest of data available.

[realr0ach]

I always thought that the best to be during deflation is FIAT. Am I wrong?

We're already in deflation right now.  That's why energy prices are cratering.  It's gradual deflation at the moment, but deflation eventually causes the banks to implode.  When the banks implode, the money you had there is obviously gone, so you would have needed it all to be under your mattress.  

If the deflation happens gradually, they just do an overnight currency devaluation to try and stop it and you have -35% to -80% devaluations like the 1997 Asian currency crisis.  If the deflation happens fast and causes insolvency and everything to implode, then metals are revalued to the moon to add liquidity back to the system.  In BOTH of those scenarios hodling fiat is useless.  Yes, hodling fiat can be beneficial if the system can actually withstand any degree of deflation, but it can't.  It's far too late in the cycle of a debt bubble.

[El duderino_]

Short Micgoossen's bitcoin funded relationship:

https://www.reddit.com/r/MGTOW/comments/a8525m/almost_10000_retweets_and_over_22000_likes_this/

r0ach?  realr0ach?

[El duderino_]

r0ach agree as well ?

[El duderino_]

https://twitter.com/GideonOPowell/status/1075908263470870528

is this some new mining in texas or  something ??

[El duderino_]

https://twitter.com/CrypToroMx/status/1075825868390481920

haha LoL

[realr0ach]

r0ach?  realr0ach?

Ah yes, Micgoossens reading the dreaded r0ach posts:

[El duderino_]

come on BTC

PRE weekend pump ?

[Cryptotourist]

Complex systems always collapse and revert to simpler ones.  

OK, GIVE IT ENOUGH TIME that is. Briefly. And then of to complexity again.

The Sun is going to engulf our Earth at one point. Should I be worried?? No. Get real mate!

There is no scenario in which the failing global monetary system based on scams and fraud flips over to craptocurrency (another complex, centralized, and fraudulent system).  It's guaranteed to be metals.

Hey, I just told you, in that scenario it is guaranteed to be salt. Buy salt. A lot of salt.
We probably won't be around to witness your success, but never mind.

@Guys I'm starting to figure out the realr0ach phenomena.
He seems to suffer from the Stockholm syndrome.
It has been so many times that he has been gang banged - bitch slapped & broken in here, that now he loves it and keeps returning & asking for more.
I use to enjoy an opposing voice, but now it has become a little too boring.

Sorry r0ach. Personally I will be very nice with you from now on. I have learned to never disagree with a fool.

come on BTC

PRE weekend pump ?

Hopefully. We will know in few hours.