rpietila Wall Observer - the Quality TA Thread ;)

[BlindMayorBitcorn]

Now that your previous reptilian pied piper has abandoned you to lord over his new crypto kingdom, We are here to offer you guidance.



  ~Your Beneficent Reptilian Overlords.

Monero. So sophisticated

[molecular]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

[marcus_of_augustus]

It would be great if they sold all at once because we are not gong anywhere... it will only bring more money in in a frenzy to buy the bottom. Sadly they wouldn't do this.. they would rather sell slowly and keep the market from rising similar to gold... however once they are done.. buying pressure will take them over and we will rise regardless of their efforts.. actually its good they sell now and not later when btc is $10k

What happened when US ran out of gold?

Yes: they wage war and take it from Saddam, Gadhaffi, Ukraine and everywhere else there is some.

Maybe we don't want those crazies with big guns run out of bitcoins?

Loading tonnes and tonnes of gold onto cargo planes in the middle of the night headed straight to America. In retrospect, it seems sort of... unseemly?

unseemly? surely you know the US is an extraordinary nation. Hence, they don't have to play by the rules. They have extraordinary privileges given by god. Since printing USD doesn't work so well any more, clearly they are entitled to taking other peoples gold. What I don't understand, though: since they're gods nation, why don't they just take the vast quantities of gold from the Vatican?

What's the (unofficial) estimate for Vatican's gold reserves?

Does anyone have an order of magnitude estimate for this?

~ 5k tonnes

[wachtwoord]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

Wow ..... impressive

I don't think they will last a full minute.

[Carra23]

Is it totally implausible that agents of a Central Bank could be quietly buying BTC and systematically dumping at a loss at precise times in order to suppress price?

Net losses would be negligible for that type of entity and might easily be swept under the rug in a context of monetary expansion.

This is delusional thinking. BTC does not register enough for them to take all these trouble. In future maybe, but certainly not now.

[dave00]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

Wow ..... impressive

I don't think they will last a full minute.

Sorry but i disagree, they have heavy weapons inside their armories but they're not shown when they're in public

[rpietila]

A true champion of freedom of speech has died in the age of 37:

Ville Oksanen, Founding Member of EFFI (EFF Finland)

I have once appealed to Ville (he was a lawyer) in my case of persecution by the government.

Now he is gone. Cause of death is not confirmed.

Being an advocate of freedom of speech and truly working on that, is as deadly now as it has always been, no matter in what continent the country is located. Thank you Ville. We will continue.

[cAPSLOCK]

Wow ..... impressive

I don't think they will last a full minute.

FWIW, the Swiss Guard are a highly elite military force.  Their clownish formal uniforms obscure their badassness.  This is one of many standard issue weapons they carry:

[bassclef]

Wow ..... impressive

I don't think they will last a full minute.

FWIW, the Swiss Guard are a highly elite military force.  Their clownish formal uniforms obscure their badassness.  This is one of many standard issue weapons they carry:

A terrible inaccurate submachine gun that you have to reload every 15 seconds? I hope they can do better than that.

[Eastwind]

Is it totally implausible that agents of a Central Bank could be quietly buying BTC and systematically dumping at a loss at precise times in order to suppress price?

Net losses would be negligible for that type of entity and might easily be swept under the rug in a context of monetary expansion.

This is delusional thinking. BTC does not register enough for them to take all these trouble. In future maybe, but certainly not now.

The market capitalization of BTC is too small to bother.

[Wary]

A true champion of freedom of speech has died in the age of 37:

Ville Oksanen, Founding Member of EFFI (EFF Finland)

I have once appealed to Ville (he was a lawyer) in my case of persecution by the government.

Now he is gone. Cause of death is not confirmed.

Being an advocate of freedom of speech and truly working on that, is as deadly now as it has always been, no matter in what continent the country is located. Thank you Ville. We will continue.

RIP

[Erdogan]

Is it totally implausible that agents of a Central Bank could be quietly buying BTC and systematically dumping at a loss at precise times in order to suppress price?

Net losses would be negligible for that type of entity and might easily be swept under the rug in a context of monetary expansion.

This is delusional thinking. BTC does not register enough for them to take all these trouble. In future maybe, but certainly not now.

The market capitalization of BTC is too small to bother.

And importantly, it would not have that effect.

[macsga]

A true champion of freedom of speech has died in the age of 37:

Ville Oksanen, Founding Member of EFFI (EFF Finland)

I have once appealed to Ville (he was a lawyer) in my case of persecution by the government.

Now he is gone. Cause of death is not confirmed.

Being an advocate of freedom of speech and truly working on that, is as deadly now as it has always been, no matter in what continent the country is located. Thank you Ville. We will continue.

RIP

RIP. Cases like this with "sudden illness" fire up conspiracy theories. Sigh.

[WoopDeBoop]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

Wow ..... impressive

I don't think they will last a full minute.

Despite their silly uniforms, they'd wipe the floor with the Italian army, who happen to be a lazy bunch, utterly useless for the most part.

[NotLambchop]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

Wow ..... impressive

I don't think they will last a full minute.

They are highly specialized.  Uniform makes them virtually invisible in certain terrains, smartass

[cbeast]

"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems?

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.

Wait until he puts on his scary clown makeup.

[NotLambchop]

...
FWIW, the Swiss Guard are a highly elite military force.  Their clownish formal uniforms obscure their badassness.  This is one of many standard issue weapons they carry:

Not impressed.

[Coin_Master]

Is it totally implausible that agents of a Central Bank could be quietly buying BTC and systematically dumping at a loss at precise times in order to suppress price?

Net losses would be negligible for that type of entity and might easily be swept under the rug in a context of monetary expansion.

Suppressing the price of Bitcoin will make it more attractive to investors, this will likely increase the adoption rate.  Ultimately nothing anybody says or does can prevent the expansion and adoption of Bitcoin at this point.  The reason for this is because "I want it to exist" and "you want it to exist" and that is not about to change.
I couldn't care less what the price of Bitcoin is relative to the dollar, it could be 1 US dollar per bitcoin or a million dollars per bitcoin, it makes absolutely no difference to me whatsoever.  In real terms the only thing that matters is the number of transactions per day, we need to promote Bitcoin and increase it's adoption.
Be assured I will continue to fight, to push forward with blood dripping, blood dripping from my guns, blood dripping from my bullet wounds, as I march forward into battle.  Am I alone in this battle? No! for I march with millions.

We have done the 'War on Drugs'
We have done the 'War on Terror'
Now we must have the 'War on the Dollar'

March on Soldiers!!!

[cbeast]

Now we must have the 'War on the Dollar'

Maybe war on the ignorance of dishonest money in general. Call it the "War on Financialization." I'm fine with dollars if they are backed by something useful and not the whims of lawgivers, at least in the short term.

[Bagatell]

We have done the 'War on Drugs'
We have done the 'War on Terror'
Now we must have the 'War on the Dollar'

March on Soldiers!!!

And yet more collateral damage? No thanks. Numbers don't need napalm.