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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330430 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 1 users with 9 merit deleted.)
rolling
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May 28, 2020, 06:58:24 PM

This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.

We can just stop using the boomer version of money which is fiat backed by nothing. That would tip the scales back in our favor.
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May 28, 2020, 06:59:06 PM
Merited by serveria.com (1)

I read this name mindrust a lot, can someone remind me who that was ??

JJG perhaps??

A limp wrist who sold his bitcoins.
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May 28, 2020, 07:00:54 PM

This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.

Just wait. Your turn will come.

It takes time to accumulate wealth. It even takes time and experience to learn how to accumulate wealth.

Even inheritances usually take many years.

Young people tend to spend and borrow. The wealthy tend to live longer.

This has been happening since time immemorial.



I think you're reading the chart wrong. Gen X and Millennials don't have as much as boomers had when they were the same age.
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May 28, 2020, 07:03:11 PM
Last edit: May 28, 2020, 07:14:16 PM by Biodom

This graph is staggering:



I'm not a commie, but there's no way we can have any semblance of stability on any level with this kind of inequality.

ha ha...what if boomers are the one's who are buying all those loose bitcoins?
Oh, nooooo
However, millennials would inherit boomers money, but gen-Xers would have to fend for themselves...mostly.
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May 28, 2020, 07:03:32 PM

It's very hard


to keep a social distance when trying to commune with someone.
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May 28, 2020, 07:04:47 PM
Merited by Last of the V8s (1)

We can just stop using the boomer version of money which is fiat backed by nothing. That would tip the scales back in our favor.



 Cool
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May 28, 2020, 07:09:26 PM
Last edit: May 28, 2020, 07:24:46 PM by Biodom

It's very hard


to keep a social distance when trying to commune with someone.

never seen this kind of a restaurant 'attire' around here, lol.
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May 28, 2020, 07:11:33 PM

We can just stop using the boomer version of money which is fiat backed by nothing. That would tip the scales back in our favor.



 Cool

I have kids older than her.

Strange response coming from someone who lives off bitcoin. I'm not sure I follow. We should keep using fiat?

Weren't we taken off the gold standard in your generation which allowed your generation to gain an outsized proportion of wealth?
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May 28, 2020, 07:18:45 PM
Last edit: May 28, 2020, 07:31:04 PM by JimboToronto
Merited by JayJuanGee (1)

I think you're reading the chart wrong. Gen X and Millennials don't have as much as boomers had when they were the same age.

Sorry, but it's you who's reading it wrong. It isn't about wealth per capita. It's about percentage of the total.

The Boomers had a slightly higher percentage of the wealth at the age of 40 than the Millennials did at that age, but they also had a much higher percentage of the population due to their great numbers. The previous generations had been greatly reduced in numbers by two world wars and the great depression.

Edit:

You posted while I was typing.

First of all. The fiat-currency/central-banking scam has nothing to do with Baby Boomers. It existed long before they were born and really kicked in with Richard Nixon, who was hated by most Boomers.

What I was responding to by bolding some of your text was the "us versus them" confrontational tone.

Of course I'm against the traditional banking system. I'm a Baby Boomer. I don't even have a bank account. All my money is in Bitcoin.
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May 28, 2020, 07:20:54 PM

It's very hard


to keep a social distance when trying to commune with someone.

never seen this kind of restaurant 'attire' around here, lol.

she does look chilly. needs a good warming up
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May 28, 2020, 07:28:28 PM

I think you're reading the chart wrong. Gen X and Millennials don't have as much as boomers had when they were the same age.

Sorry, but it's you who's reading it wrong. It isn't about wealth per capita. It's about percentage of the total.

The Boomers had a slightly higher percentage of the wealth at the age of 40 than the Millennials did at that age, but they also had a much higher percentage of the population due to their great numbers. The previous generations had been greatly reduced in numbers by two world wars and the great depression.

I don't think the size of the baby boomer generation alone accounts for the massive difference. I don't have the time or skill to crunch the numbers though. I'll defer to your age and experience.

https://www.pewresearch.org/fact-tank/2020/04/28/millennials-overtake-baby-boomers-as-americas-largest-generation/ft_20-04-27_generationsize_3/
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May 28, 2020, 07:30:27 PM

It's very hard


to keep a social distance when trying to commune with someone.

never seen this kind of restaurant 'attire' around here, lol.

she does look chilly. needs a good warming up

after observing this image carefully..i have come to the following analysis

fake pasties are fake and obfuscating such marvels is near criminal imho

further...

this establishment offers not one wall for viewing, not sure if worthy of patronage

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May 28, 2020, 07:54:27 PM

Newest Update from Masterluc/Pentarudi

"All right, price doesn't respect short term trend line. I see it likes triangles now. Okay. Hit or miss. Resolution is close."

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May 28, 2020, 08:43:06 PM

It's very hard
after observing this image carefully..i have come to the following analysis
fake pasties are fake and obfuscating such marvels is near criminal imho
further...
this establishment offers not one wall for viewing, not sure if worthy of patronage

Agreed. Thank you for not shooting the
Grin
I will commune with the management and tell them that this aggression will not stand, man.
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May 28, 2020, 08:47:54 PM
Last edit: May 28, 2020, 09:56:36 PM by lightfoot

Being the unfortunate child of a Boomer (aka Millenial) just plain sucks. I am not sure why the boomers hated their kids so much, but they gave their kids nothing but an anchor in the swim classes of life after being given it all on a silver plate by their parents....

https://www.washingtonpost.com/business/2020/05/27/millennial-recession-covid/



So many of the fuckers have been fired that Gen X is now the biggest population in the workforce again. Which is fucking amazing!



And now the millenials have the amazing position of being the *worst* generation in history. As in since 1800 history....



As Agent J said: "Yeah, sucks, don't it?"
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May 28, 2020, 09:10:03 PM


So does this mean the rock has officially tag into the ring from stupid vegata 9k memes? Cheesy

Then I would nominate to have Adam Black(kind of sounds to close to Adam Back if you ask me Grin)as the official $10,000 meme of the Wall observer thread! Cool


And a different meme wouldnt be too hard to find everytime we need one cause the movie should be coming out in 2021 instead of the end of this year.
Shazzzzam BTC! Wink
Just call out that name to just bring it on the road to $10k.
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May 28, 2020, 09:12:54 PM


Is Keith Richards still alive in 2036?

No.

W00ps you failed, sorry but that was a trick question.

Nothing can kill Him.
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May 28, 2020, 09:14:06 PM

I read this name mindrust a lot, can someone remind me who that was ??

JJG perhaps??

Funny thing, perhaps what you say you are you become



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May 28, 2020, 09:17:39 PM

Oh so im gen X. I found that diagram hard to understand. I thought it was newer generations.
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May 28, 2020, 09:18:18 PM
Last edit: June 12, 2023, 03:10:20 AM by STT
Merited by Last of the V8s (1)

Quote
When fiat currency dies, conditions tend toward deflation first

Quite a few factors are ironic and occur that like that, its confusing and sends people in the wrong direction.    I'm sure there is a famous quote centuries old on that phenomena, its not new.   This is the one I was thinking of:
Quote
Quote
http://thinkexist.com/quotes/with/keyword/inflation/
Quote
80-90% who are on ventilators die.

Yes unfortunately and some cannot be saved or able to use an available ventilator due to poor health, age and other conditions.     Brazil suffers from population density and poverty meaning they cannot just sit back and keep a suitable amount of space.    Same argument in a few countries, they dont have a choice but to carry on and risk it.   Anyone who ever learnt how to live off the land and go fishing for the next 6 months and be ok has finally got the payback for their skills I guess, think I'll remember that lesson for the next hybrid virus outbreak.


BTC positive over 9200 and into the weekend I think, I'm raising the stop on my leveraged long bet as Im not sure of the near term target.   Thats my general take on positive markets currently that we rise but have enough to buy on the next low also
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