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November 13, 2019, 10:02:15 PM *
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (9%)
Early 2020 - 33 (21.3%)
Late 2020 - 46 (29.7%)
Early 2021 - 14 (9%)
Late 2021 - 25 (16.1%)
2022 - 4 (2.6%)
2023 - 0 (0%)
2024 - 4 (2.6%)
After 2024 - 3 (1.9%)
Never - 12 (7.7%)
Total Voters: 155

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21429916 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. (129 posts by 23 users deleted.)
realr0ach
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November 06, 2019, 10:19:39 PM
Merited by LFC_Bitcoin (1)

@hodlonaut
Inflation is your past work decaying, crumbling, disappearing between your fingers. The hours and sweat you invested, evaporating under the merciless sun of fiat money.

It's amazing that we have been conditioned to accept this kind of blatant theft.

Bitcoin sets us free.

https://twitter.com/hodlonaut/status/1192059126723096576?s=21

There's nothing inherently bad about 'inflation'.  Both inflation and deflation have their pros and cons.  He's conflating two different arguments.  Getting rid of the Jewish central bank doesn't mean inflation and deflation go away and you live in a steady-state universe.  Silver, for instance, is deflationary because the current, artificially rigged price point isn't high enough to warrant recycling.  The supply is like 1/4th of what it was since 1980, while gold is inflationary and the supply has doubled.  As seen by the ludicrous GSR, the rigged market has not yet priced that dynamic in.
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StartupAnalyst
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November 06, 2019, 10:27:38 PM

@hodlonaut
Inflation is your past work decaying, crumbling, disappearing between your fingers. The hours and sweat you invested, evaporating under the merciless sun of fiat money.

It's amazing that we have been conditioned to accept this kind of blatant theft.

Bitcoin sets us free.

https://twitter.com/hodlonaut/status/1192059126723096576?s=21

There's nothing inherently bad about 'inflation'.  Both inflation and deflation have their pros and cons.  He's conflating two different arguments.  Getting rid of the Jewish central bank doesn't mean inflation and deflation go away and you live in a steady-state universe.  Silver, for instance, is deflationary because the current, artificially rigged price point isn't high enough to warrant recycling.  The supply is like 1/4th of what it was since 1980, while gold is inflationary and the supply has doubled.  The rigged market prices have not yet priced that in, though.
Inflation is a consequence of the debt economy, the debt economy is evil, although there are certainly pluses in it too!
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November 06, 2019, 10:49:47 PM
Merited by whiteboy420 (1)

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.
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November 06, 2019, 11:04:47 PM
Merited by JayJuanGee (1)

LFC bitcoin   you merited roach...your dead to me Cry


Don't feel the trolls they said....
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November 06, 2019, 11:17:55 PM

Never saw that HAT.....  Huh Smiley

It’s a counterfeit, shipped in from China. That is not a homer patented, special edition WO hat.

we should track all WO hats with blockchain technology from Homer to the specific WO dude, shouldn't we?
I trust VB1001 list.

https://wohats.blogspot.com/


Hmm, mine isn't on there either (yet?).
But it's brand new (and original xhxX)  Grin
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November 06, 2019, 11:27:10 PM

LFC bitcoin   you merited roach...your dead to me Cry

https://dailystormer.name/zionist-maniac-dan-crenshaw-gets-into-twitter-spat-with-paul-joseph-watson/
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November 06, 2019, 11:32:46 PM

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.
I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.
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November 06, 2019, 11:57:42 PM

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.
I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.

There is no arguing your way out of the fact that deflationary monetary instruments always lose in terms of market share or things like Gresham's law would not exist.  And besides the fact that nobody wants to hold depreciating assets, so they utilize them more, it's also because deflationary instruments don't work well in lending, inventory holding, or numerous other areas. 

If you think about it, it makes sense.  If you're in the inventory stockpiling business and have a bunch of chairs in inventory that are non-perishable goods, the value of your goods is technically depreciating over time in a deflationary monetary system, which is absurd.  Non-perishable consumer goods that are not being made obsolete in some manner should never be decreasing in value for no reason.  In other words, inflationary monetary systems puts the ball in the court of people who actually hold the things of value, while deflationary systems put the ball in the court of predatory moneychangers that believe the act of simply holding some type of instrument should make everyone else their slave.
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November 06, 2019, 11:58:19 PM
Merited by Globb0 (2), lightfoot (1), BobLawblaw (1)

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November 07, 2019, 12:08:21 AM

I'm EXTREMELY skeptical right now

Feels so bullish, but this feeling has always been a trap.

On the one hand I don't believe it.
On the other hand I don't want to get left behind.
 
BTC/USD
Long/Short Ratio
81:18
% of supply long:short
0.15:0.034
Long Daily Charge
$85,440
Short Daily Charge
0.21272 BTC
Total Long
27,411 ($255,133,365)
Funded Longs
$158,222,860
Total Short
6,150 ($57,242,355)
Funded Shorts
4,727 BTC

https://bfxmargin.com

This is why I'm in HODL mode, that way I always know if/when/how I play it wrong and get screwed..at least it is always from the same spot...HODL Mode...

(Bitcoin: Love me long time?)

Brad
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Be a bank.


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November 07, 2019, 12:13:26 AM

JayJuanGee
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How much alt coin diversification is needed? 0%?


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November 07, 2019, 12:18:45 AM

You know breher, for a self-proclaimed bitcoin expert,

I don't think I ever proclaimed myself a "bitcoin expert".

Obviously, your actions unequivocally demonstrate that you are not.

Just like Roach's actions unequivocally demonstrate that he does not understand store of value.


At least here or other area where the Bitcoin-knowledgable assemble. Care to link to proof of your assertion?

On the other hand, the CryptoCurrency Certification Consortium has deemed me a Certified Bitcoin Professional.

Oh gawd........  Roll Eyes  ... you have some kind of certification, you must be really NOT a bitcoin expert if you have something like that.  

 Cheesy Cheesy Cheesy Cheesy



Wow.. the irony, hilariousness and ridiculousness of truth frequently trumps fiction.

Great find, V8.
Last of the V8s
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November 07, 2019, 12:25:13 AM
Last edit: November 07, 2019, 12:50:38 AM by Last of the V8s

I bet very few others of us here could answer those questions as well as him, but I ain't handing out no hundred dollars australian to find out.
edi tcanadian, w/e
wait edit 140 dollars goddam
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November 07, 2019, 12:50:54 AM

Good Night WO Gang.
All is fine, observing 9350 and an incredible contango in BAKKT futures (I’m going to write about it).

I got 2 merits today, roach I’ve got 2 as well.
Not a good day for the user formerly known as the Italian stallion.
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November 07, 2019, 12:53:42 AM

Cashapp continues to grow!

Quote
9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users



https://twitter.com/matt_odell/status/1192205598793895940
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November 07, 2019, 12:56:07 AM

Cashapp continues to grow!

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9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users



https://twitter.com/matt_odell/status/1192205598793895940
Just think what that means after the halving.
In case the growth flats at this levels means they are buying 18.6% of the total bitcoin.
SF in all his power!
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November 07, 2019, 01:02:39 AM

Good night big boy. We win some we lose some. Sleep well, then we get to fight another day.
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November 07, 2019, 01:15:27 AM



This post needs to be reported. But the question is, what the hell am I gonna put in the Comment section of the report? Huh

 No it's cool.  That's the way Italians tell time.

  https://www.youtube.com/watch?v=21mLECfpv3M


Dear Lord.
That is an Italian actor...
I never saw that movie.
How on earth you know it??

 I don't speak Italian but I've watched a lot of "Domenica In" - it's good entertainment
 Gigi Proietti on Domenica In - https://www.youtube.com/watch?v=uR7P_KwdSEk


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November 07, 2019, 01:18:55 AM

Shuure. Iffa aye lifta da donkey ballz jus so
(ee-aw ee-aw)
aye seeya the timea the church clock ova theya jus so

 I had no idea you spoke italian V8!  Do I detect a calabrese dialect  Tongue
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November 07, 2019, 01:27:53 AM
Merited by Globb0 (5), th3nolo (2), micgoossens (2)

Never saw that HAT.....  Huh Smiley

Mine? xhomerx10 made it for me, you can ask him anyway.

PS: I don't like Chinese imitations.

 Sorry about that.  It is in fact an xhomerx10 original.  Maybe original isn't  the right word here because I used Edward Hopper's "Morning Sun"  - https://www.edwardhopper.net/morning-sun.jsp

 

avatar-sized

 
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