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Question: Oct. 31 Closing Price:
$0 - 4 (5.1%)
<$7,000 - 10 (12.7%)
$7,000-$7,500 - 5 (6.3%)
$7,500-$8,000 - 10 (12.7%)
$8,000-$8,500 - 15 (19%)
$8,500-$9,000 - 10 (12.7%)
$9,000-$9,500 - 5 (6.3%)
$9,500-$10,000 - 4 (5.1%)
$10,000-$10,500 - 5 (6.3%)
>$10,500 - 4 (5.1%)
>$20,000 - 7 (8.9%)
Total Voters: 79

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21410287 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. (109 posts by 22 users deleted.)
realr0ach
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June 16, 2019, 09:41:18 PM

The problem here is, the current system is going to go bust and the new system won't be gold based. Why? Because it is not practical.

The way I see the future, there will be hundreds of factions and altcoins. Will the bitcoin be the biggest? Probably, but there will be lots of others. Some people will favor Monero, some will LTC, some will even use Bcash. Eth, Doge...

This is completely delusional.  In this clown world view of yours, the state magically ceases to exist and the economic system is essentially everyone who owns digital shitcoins lives and lives like kings, while everyone else starves and dies in the streets.  Except digital shitcoins are owned by barely anyone and don't even have the load carrying capacity to run a large city, let alone a country or the world.  The Bitcoin distribution is also laughable.  If 99.9% of people suddenly have a net worth of zero, it doesn't matter how many shitcoins you have because civilization is going to be imploding into a cannibal apocalypse and you're not going to have anywhere to spend them.

If Bitcoin was designed by the state as a form of helicopter money, it failed miserably because it was already ASIC monopolized before barely anyone heard of it.  You might as well be claiming the future economic system will be based around issues of Spiderman comic book #1.  In order for civilization to not implode into a new dark ages, the unit of account for people HAS to be something that lots of people actually own.  Digital shitcoins are NOT that.

One of the few viable options to prevent complete collapse into a cannibal apocalypse dark ages that the world would not recover from in your lifetime is going to a tri-metal system of gold, silver, and copper and biasing a lot of the revaluation gains to the two more common metals.  Reason being is that copper is already in a lot of the coinage already circulating, so it's one of the few things that can function as money anyone actually owns in half decent numbers.
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June 16, 2019, 09:53:49 PM

For anyone who thinks digital shitcoins are somehow a threat to the bankers instead of being a government/banker invention in the first place:

https://dailystormer.name/2012-imf-and-world-bank-economist-says-you-have-to-false-flag-iran-to-start-a-war/

The problem here is, the current system is going to go bust and the new system won't be gold based. Why? Because it is not practical.

The way I see the future, there will be hundreds of factions and altcoins. Will bitcoin be the biggest? Probably, but there will be lots of others. Some people will favor Monero, some will LTC, some will even use Bcash. Eth, Doge...

USD? Nobody will be using bank transactions. USD will stay alive for a while just because we price stuff for USD but it is not going to go like this forever.

When Bitcoin completes its evolution, USD won't mean shit.

All you care will be altcoin/bitcoin. Like LTC/BTC, XMR/BTC, ETH/BTC. Nobody will be following USD/BTC because there won't be a USD. Central banking scam is over. The beast grew far too big they can't control it anymore.

They'll just say fuck it, leave it to people (*and internet trolls)

*That's the sad part because shitheads like Craig and Roger will make shitloads of money if they didn't already.

Memes elected Trump for president for fucks sake. Do you think anything has a meaning right now? It is a full blown chaos on its way.

*I can affect the result of US presidential election from where I sit. Does anyone here have a slightest idea of what that means? It means I can be more American than a US citizen even though I don't have a US passport.

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.
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June 16, 2019, 09:55:07 PM

Tesla is actually working towards 1M miles lifetime on drive-train and battery. They also provided battery upgraded for the original Tesla roadster, long after it ended production. They are not there yet but at least they are trying to build long lasting cars instead of frequently selling replacement cars.

Model S is about $20-25K overpriced over BMW Model 5. Maybe too much of a premium.
Model 3 is too small, feels like a Civic inside.
I almost bought one (Model 3), but thinking about something else now.
I guess I didn't because of all this nonsense about a car without a wheel, car that goes off to earn (like a hooker) and other verbiage from Musk.
It really turned me away for now.

Vegeta is back? I missed it for a couple of hours.

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.

There are weaker OECD currencies out there than the $.
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June 16, 2019, 09:56:12 PM

Don't fret so, roach. Mircea Popescu has said he has plans for how the world will work when Bitcoin wins. He likely won't have to eat you.
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June 16, 2019, 09:59:39 PM

https://i.imgur.com/FLHPiUT.mp4
mindrust
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June 16, 2019, 10:05:04 PM

For anyone who thinks digital shitcoins are somehow a threat to the bankers instead of being a government/banker invention in the first place:

https://dailystormer.name/2012-imf-and-world-bank-economist-says-you-have-to-false-flag-iran-to-start-a-war/

The problem here is, the current system is going to go bust and the new system won't be gold based. Why? Because it is not practical.

The way I see the future, there will be hundreds of factions and altcoins. Will bitcoin be the biggest? Probably, but there will be lots of others. Some people will favor Monero, some will LTC, some will even use Bcash. Eth, Doge...

USD? Nobody will be using bank transactions. USD will stay alive for a while just because we price stuff for USD but it is not going to go like this forever.

When Bitcoin completes its evolution, USD won't mean shit.

All you care will be altcoin/bitcoin. Like LTC/BTC, XMR/BTC, ETH/BTC. Nobody will be following USD/BTC because there won't be a USD. Central banking scam is over. The beast grew far too big they can't control it anymore.

They'll just say fuck it, leave it to people (*and internet trolls)

*That's the sad part because shitheads like Craig and Roger will make shitloads of money if they didn't already.

Memes elected Trump for president for fucks sake. Do you think anything has a meaning right now? It is a full blown chaos on its way.

*I can affect the result of US presidential election from where I sit. Does anyone here have a slightest idea of what that means? It means I can be more American than a US citizen even though I don't have a US passport.

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.

It won't be easy to explain why they ditched the dollar and moved to "global coin" and "JP morgan Coin"

People will ask questions.

"You fucked up with the Dollar, why the fuckkk would we trust you again now?"

They won't.

If the current financial actors had the ability to find solutions to our current problems, we wouldn't have them in the first place now.
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June 16, 2019, 10:08:48 PM

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.

50% chance?  More like 0%.  Here are the only real possible outcomes:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

How does Bitcoin fit into ANY of this?  It doesn't.  The only way Bitcoin has any relevance at all is if we go through a prolonged period of YEARS and YEARS of hyperinflation without civilization imploding in the process.  During that period it will be a pump and dump some people will profit on just like now, but at the end of the hyperinflation and transition to new system, it would be just like above with metals as the backbone or the govt attempting to use force to make people use their new fiat or digital slavecoin.
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June 16, 2019, 10:12:11 PM


ChinkyEyes
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June 16, 2019, 10:21:10 PM

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.

There are weaker OECD currencies out there than the $.

Of course there are, but as a reserve currency it cannot carry on.


It won't be easy to explain why they ditched the dollar and moved to "global coin" and "JP morgan Coin"

People will ask questions.

"You fucked up with the Dollar, why the fuckkk would we trust you again now?"

They won't.

If the current financial actors had the ability to find solutions to our current problems, we wouldn't have them in the first place now.

Actually it would be easier to explain why to use those options than to use Bitcoin. Remember we are talking about the masses here. They don't understand how the world works or don't want to. Using Bitcoin is way too difficult for the masses as of right now. A transition to global coin or JP morgan coin would be a lot more convenient for the masses.


I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.

50% chance?  More like 0%.  Here are the only real possible outcomes:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

How does Bitcoin fit into ANY of this?  It doesn't.  The only way Bitcoin has any relevance at all is if we go through a prolonged period of YEARS and YEARS of hyperinflation without civilization imploding in the process.  During that period it will be a pump and dump some people will profit on just like now, but at the end of the hyperinflation and transition to new system, it would be just like above with metals as the backbone or the govt attempting to use force to make people use their new fiat or digital slavecoin.

How would they distribute gold or silver? Make coins again? Why not make digital coins backed by their silver or gold? We live in a digital age, how are you going to order mein kampf online? Send some silver coins in an envelope?
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June 16, 2019, 10:21:28 PM

Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:

https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241

Gee, I wonder what possible replacement to the dollar could be he's talking about?  Could it be?  Physical metals???
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June 16, 2019, 10:42:49 PM

facebookcoin and/or jpmcoin= E-coin (from Mr Robot), or will try to become one.
Modi is trying to ban btc? LOL.
He would be surprised (or not ) by what facebookcoin (if successful) might do to the rupee (BTW it is already roughly half of it's value in 2007).
Same goes for at least a few other large fiat currencies (australia, south africa, canada, mexico, korea, turkey, etc.).
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June 16, 2019, 10:43:18 PM

How would they distribute gold or silver? Make coins again? Why not make digital coins backed by their silver or gold? We live in a digital age, how are you going to order mein kampf online? Send some silver coins in an envelope?

Nobody but millenials with autism actually think Bitcoin even gets rid of banks.  The vast majority of people will always outsource security and liability for their wealth to a 3rd party who specializes in the area of....SECURITY.  That and they have to put their stuff in a chain of custody for wills/trust and such upon death.  Nobody is going to be sitting around going, "Woops, grandma died, can't find her private keys, there goes $1 million *poof*".

Those funds are always going to be held by a 3rd party bank no matter what.  People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.
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June 16, 2019, 10:43:36 PM

Yeah look. The internet is not going anywhere and electricity is not going anywhere. The only way bitcoin could realistically die is through a global nuclear war with multi-century lasting aftereffects. and at that point we have far bigger problems.

Basically block roach.
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June 16, 2019, 10:49:26 PM
Last edit: June 16, 2019, 11:02:10 PM by realr0ach

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed and actually do remove counterparty risk where Bitcoin doesn't.

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.
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June 16, 2019, 11:02:01 PM

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.
50% chance?  More like 0%.

50% chance for BTC and 50% for another fiat currency to be the world reserve currency.

Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:

https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241

Gee, I wonder what possible replacement to the dollar could be he's talking about?  Could it be?  Physical metals???

It is true that Russia and China are stacking gold. But it's mostly likely a hedge against the dollar or to make the Chinese Yuan the next reserve currency. Therefore 50% chance for BTC and 50% chance for a Yuan backed by gold Grin

People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.
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June 16, 2019, 11:04:59 PM

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed.  

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

Roach, why are you even on this bitcoin speculation forum?  What's the point of picking arguments with us about precious metals being safer than bitcoin?  Life is too short.  Why don't you find points of agreement with others, instead of typing insults?  Bitcoin is not a shitcoin.

Bitcoin single-handedly enabled my early retirement.  It's done alot more for me personally (and that is an unerstatement!) than my gold/silver investments ever did.
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June 16, 2019, 11:08:09 PM

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

^You are the full spectrum autism portion of shitcoiners who actually believe Bitcoin gets rid of banks.  It doesn't matter if the unit of account is metals, bitcoins, or anything else, most people will outsource security and liability for it to a 3rd party bank.  Whether we're talking about metals, bitcoins, or anything else, nothing removes the ability of banks to commit fraud because nothing actually gets rid of banks.  In other words, you're either not very smart or lying on purpose.
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June 16, 2019, 11:09:20 PM


The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None:

 • More fungible than metals
 • More divisible than metals
 • More portable than metals
 • More storable than metals
 • More tradeable than metals (In fact you can trade the good itself across the world and not some "ticket" for the good)
 • More bearable than metals (You can "hold" it rather than holding some "ticket" to a safe in which the metal may or may not be)
 • More spendable than metals. (Try getting change on a stick of gum from a bar of gold)
 • More durable than metals (Try recovering your gold bar that sank to the bottom of the sea, got raided, took a detour during delivery or otherwise went AWOL. Bitcoin private keys are decoupled from the asset that enables redundant storage while the world's most powerful computing network looks after your public keys. With gold, the private and public keys are welded together making such sophistication impossible)

Bitcoin only has "garbage" fundamentals in the way that synthetic antibiotics have "garbage fundamentals" compared to garlic. But feel free to chomp on 20 raw cloves of garlic per day the next time you get tonsillitis.

It doesn't matter. What matters is the fundamentals relative to the prevailing market platform which over the last 150 years has been electronic. States and central banks invest in gold because they have to, not because it has "better fundamentals". It's regulated tier 1 capital. They can also benefit from a 1% change in the gold price whereas that gain on the average joe's savings would just about get you a dinner for one Wink
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June 16, 2019, 11:13:46 PM

• More fungible than metals

Insanely dishonest Toknormal strikes again.  Bitcoin is not fungible and the dumbest of fools knows it.  Why even make believe you can get away with garbage like this?  You're the guy who shilled for Darkcoin for YEARS AND YEARS claiming "Darkcoin is teh best because it's fungible", then one day out of the blue all of sudden you say "fungibility doesn't matter, Bitcoin is better".  I'm so fucking sick of you dishonest millenial scammer scumbags.  I don't even need to go over the rest of your points because they're equally full of shit garbage.
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June 16, 2019, 11:23:52 PM

I couldn't quite figure out what was going on there, whether it was quasi ironic or not. You'd think someone who'd been around that long would be unphased by the same thing panning out again. Then again who am I to guess anyone else's triggers?

I'm totally reading between the lines here, I have no actual knowledge, totally guessing;

My impression is that he over invested, FOMOing in with assets necessary for life support, then held through the peak.

I don't know if his losses were purely of unrealized gains or of the actual sort, but regardless it hit him pretty hard as he had to sell to make RL commitments.

About this time he also started experiencing health problems.  I am totally speculating here, but would not be at all surprised if these were exacerbated by his level of stress and worry over the above.

It is my earnest hope that he was able to reclaim at least part of his position near the lows, but if that were so one would think that we would have seen him by now...



I miss him a lot



He had other RL problems besides his celiac issues and was forced to move out of town.

I haven't heard from him in a long time. Hope he's OK.
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