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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25869462 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. (170 posts by 5 users with 9 merit deleted.)
jbreher
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August 18, 2019, 03:38:54 PM

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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aesma
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August 18, 2019, 03:41:01 PM

The US may not fall into recession, but a lot of the world will. US bond inversion is most likely due to the rest of the world's money printing. There is talk of the US playing around with 50 and 100 year bonds. If so, and maybe regardless, expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone. Time will tell.

With that, I disagree. First of all the US is already propping up its economy with completely crazy deficits, which is not the case elsewhere.

But more importantly, plenty of its growth comes from multinational companies, in the tech sector notably, that will get hurt with a global recession, and local infrastructure spending will not help.
aesma
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August 18, 2019, 03:43:31 PM

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.

Well infrastructure is wealth, if of course it's targeted, not airports in the middle of deserts like sometimes happens (in Spain famously). The US should also spend a lot on education to raise the level of its citizens.

I'm very doubtful any of that will happen though, as indeed people in charge (companies propping up US politicians) don't care about the long term.
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August 18, 2019, 03:48:13 PM

It depends what country you're talking about. A recession anytime soon is off the table for the US, but the rest of the world is in trouble.

But the effects would not be the same either. The US stock market is crazy high, so a recession has to krach it. I'm in Europe, and the stock market has been flat for years, and growth low. So going from 1/1.5% growth to -0.5/-1%, while a recession, will not be a big shock. Personally I will have no fears for my job for example, and continue to get raises even. My country isn't even forecasting a recession yet.

countries are reluctant to announce a possible recession publicly. if they do, investments decline and a recession becomes a self fulfilling prophecy.
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August 18, 2019, 03:58:27 PM


https://uk.finance.yahoo.com/news/invest-1-000-bitcoin-instead-110127803.html

Quote
Should you invest £1,000 in Bitcoin instead of relying on the State Pension?

Despite the City’s doubts, Bitcoin now looks as if it’s here to stay and the crypto asset seems to have taken on a new role in financial markets.
...

These developments seem to suggest many investors believe Bitcoin offers the same kind of safe haven qualities as gold.

The two assets do have some things in common. Neither is controlled by a government or central bank and there will only ever be a limited amount of gold and Bitcoins in the world. Further, gold can be a great store of value, and you can use it to buy or sell other assets all over the world. The same goes for Bitcoin.
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August 18, 2019, 04:05:08 PM

I have a two-day trip with the Jeep, hard offroad, they are 2500 meters high mountains, there are bears, we know what bears do with bulls.

If I don't return in 3 days...

Bye guys.

merit for checking out like a responsible WO

(also you're not legendary yet so I'm more inclined to hand them out)

Bury your goddamned poop yo!
El duderino_
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August 18, 2019, 04:08:10 PM

I have a two-day trip with the Jeep, hard offroad, they are 2500 meters high mountains, there are bears, we know what bears do with bulls.

If I don't return in 3 days...

Bye guys.

Haha, have fun and be careful Smiley
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August 18, 2019, 04:11:30 PM

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.

Well infrastructure is wealth

Building of infrastructure requires wealth. Once the financialization party is over, the building stops.
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August 18, 2019, 04:12:26 PM

If you got rid of Antifa the ProudBoys and other violent alt-right groups would still be here. Not the other way around.

bingo
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August 18, 2019, 04:22:33 PM

Proud Boys

Snip
Extremist on both sides, don't kid yourself. Antifa is just as bad.
Define "Bad". Haven't seen many Libs shooting people lately, the days of the Weather Underground and SDS appear to be long gone (ah, those were the DAYS!).

Overall this is just another chapter of a very old and kind of annoying thing: You can go back to the Anti-masons of JQ Adams, which morphed into the Whigs, which then splintered into the "Know Nothings" of the 1850's, then the "American Party" of the 1880's, which resurfaced as the "KKK" of the 1920's *, which became the American Nazi Party of the 1930's, which quieted down for awhile but came back with the Tea Party of the 2008's, which has now morphed into the "Proud Boys".

Each time there had to be a straw man "enemy" as these groups don't work without an external threat. So you had the Masons, The Catholics/Papists, the "Blacks", the "Jews", the "Liberals", and now of course "the Antifa!". Whatever, just a straw man to beat up in cute cartoons and throw down....

So just think of PB's and their ilk as KKK/Anti-masons and you're pretty much there. Nothing to be ashamed of per se, it simply is what it is: The latest incantation of a pretty old set of policies that young people stumble on and think is GREAT (Disclaimer, Raynd is like that too :-).

* Note: The KKK of the 1920's has almost NOTHING to do with the dead-enders after the Civil War. Motives were very different, and lined up far closer to the Know Nothings of yore. When that blew up due to blatant corruption in the late 20's, the same ideas were recycled into the American nazis, which really had a problem after the "Real" nazis went down.
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August 18, 2019, 04:33:52 PM


I imagine his wife was sitting next to him so he had to say that.  That woman is in the 99.9999th precentile.  I don't want to get carried away though as Bob hasn't weighed in on the nails situation yet.
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August 18, 2019, 04:40:44 PM



It looks like the guy who just performed the slow motion KO was about to beat down that chick who just entered the frame from the left. I would like to see the next 5 seconds of what happened.
You can see them here https://youtu.be/-pvf8ftpRWg?t=450
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August 18, 2019, 04:45:20 PM

OP gone mad LOL



I am sure those who picked sex, does not have a girlfriend or wife 🤪

Good afternoon by the way,
Observing @ $10,450
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August 18, 2019, 04:46:09 PM

^
By the way, I wonder who are picking sex 🤪
JSRAW
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August 18, 2019, 04:58:14 PM

^
By the way, I wonder who are picking sex 🤪

conjugal visit cancelled so....
infofront (OP)
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August 18, 2019, 04:59:07 PM

I'll just say that I already have a variety of corn, but not of cornholes.
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August 18, 2019, 05:00:35 PM

^ cornholes

Fantasy?  Grin i must be missing inside joke  Cry
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August 18, 2019, 05:17:50 PM

I'll just say that I already have a variety of corn, but not of cornholes.



 Grin

you threatening me?
lightfoot
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August 18, 2019, 05:18:22 PM

Is this what "antifa" do?


Same old shitty strawman
Pretty much.... If you take the "Antifa" guy, lose the mask, and add the usual hook nose and frizzy hair you have the exact same cartoon from the 1930's-1940's Nazis.

Make him black, same pose, and you have the 1920's KKK.

Make him a Catholic with a Miter hat and you have the Know-Nothings.

And of course stick a masonic angle on him and you have the Anti-Masons/Whigs.

Oddly enough you can pretty much take any of those five images, show them to a Tea Party/Nazi/KKK/Proud Boy/Whig gathering and you'll get the exact same round of applause. It's the same thing all over again, just slightly different characters in the marketing....
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August 18, 2019, 06:01:59 PM

^
By the way, I wonder who are picking sex 🤪

Me not, just had it Tongue
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