You mean: ‘the world is guaranteed to move towards perfect money (e.g., Bitcoin)’.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 10038. (Read 26723646 times)
July 04, 2019, 07:58:28 AM
July 04, 2019, 07:37:54 AM
You are wrong. The US monetary system (and the EU too) is debt based and made to work optimally under ever increasing debt.
No, I am not wrong. Debt based fiat requires infinite growth to not collapse. Without growth, interest rates would need to be set to zero, which is what we already have...and what Japan has had for a long time. Interest rates are actually negative vs inflation. Regardless, it's impossible for borrowing to not have a carrying cost. Trying to nigger rig no carrying costs is just a temporary can kicking ploy that creates epic levels of malinvestment, which then implodes the system in a much bigger crash than having just left interest rates at their normal levels.
You then run into another problem. The monetary unit literally is debt. Interest generating loans and the currency itself (which also generates interest) are erroneously classified as assets and used as collateral when debt is always a liability and never collateral. The prolonged 0% interest rate is guaranteed to create a malinvestment bubble which will bust and create massive deflation and collapse the system when it does from all crosslinked loans going bad because the banks cannot handle any form of deflation.
But back to the carrying cost aspect. Fiat dollars are considered assets because if you have enough of them, they can (at some times) generate a lot of interest for you. If interest rates are zero because growth is impossible due to peak working age demographic in every nation that matters, and peak energy use - because energy is what powers the economy and the world doesn't have infinite energy to give - then fiat is no longer an asset and then turns into a liability. Once fiat is a liability, the world is guaranteed to go back to physical metals regardless in almost every aspect.
July 04, 2019, 07:37:09 AM
July 04, 2019, 07:27:46 AM
https://medium.com/coinmonks/bitcoins-bull-run-this-is-what-s-different-compared-to-2017-28d239cd7256
Main and only points to read:
1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook
You cant forget about the usual tether printing of billions to pump the price which happens every time there is a bull run. Main and only points to read:
1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook
Looks like china pumped the price past $12k last night despite americains being too busy to trade their bitcoins.
Shooting own rockets to the moon.
July 04, 2019, 07:07:03 AM
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.
And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.
EDIT:
Yes, tungsten filled Bullion is a real thing, even for expereinced traders: How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten
I've checked when the discussion within the Gov startet to bring home all German Gold (second largest Gold reserve worldwide after United States of America) and it was in 2012.
but public discussions about that in the German press were suppressed.EDIT: the plan was changed somehow to "not to bring all the German Gold back". Paris yes fully. New York some Gold and London nothing brought back.
https://translate.google.de/translate?hl=de&sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Ffinanzen%2Fgeldpolitik%2Fbundesbank-warum-das-gold-ueberhaupt-im-ausland-lagert%2F11151440-2.html
Quote
During the Cold War, it was quite intentional to keep German gold "west of the Rhine" and as far as possible outside the country's borders. Since the introduction of the euro on both sides of the Rhine, at least for the location of Paris, there is no longer the argument that the gold stored there can be exchanged for foreign currency in a crisis situation. Therefore, this storage location is to be dissolved in the coming years.
That does not apply to New York and London. As a result, only 300 out of more than 1,500 tonnes of gold are shipped from the United States to Germany, while the 35,640 bars in London remain unaffected. There are good reasons for this, as Thiele emphasizes: "Gold can be loaned in the event of a crisis or exchanged for another currency. Therefore, part of the gold remains in the deposits in New York and London."
That does not apply to New York and London. As a result, only 300 out of more than 1,500 tonnes of gold are shipped from the United States to Germany, while the 35,640 bars in London remain unaffected. There are good reasons for this, as Thiele emphasizes: "Gold can be loaned in the event of a crisis or exchanged for another currency. Therefore, part of the gold remains in the deposits in New York and London."
EDIT2: FT article and also the article above are to calm the ordinary people. speaking the truth in Bitcoin terminology: "Your Keys, Your Bitcoin. Not Your Keys, Not Your Bitcoin"
July 04, 2019, 06:54:55 AM
Interesting proposition but is it true?
July 04, 2019, 06:47:14 AM
Almost everything we have right now, including iPhones, the internet, tesla, google, led tv's, bmw etc etc all these exist because of inflation.
What really happens is, inflating FIAT currencies are stealing intellectual properties from those who invent them.
Overpopulation + inflation = cheap brain power for new inventions
If we were still living under the gold standard world population wouldn't be more than 2-3 billions rn probably but iPhone wouldn't exist neither.
While FIAT currencies steal from people, people also have to steal from other people in order to survive, some call this "competition"
Mankind had to make that sacrifice. It seems the Tech is advanced enough.
Now Thanos (with yellow hair) seeks ways to delete that excessive population.
What really happens is, inflating FIAT currencies are stealing intellectual properties from those who invent them.
Overpopulation + inflation = cheap brain power for new inventions
If we were still living under the gold standard world population wouldn't be more than 2-3 billions rn probably but iPhone wouldn't exist neither.
While FIAT currencies steal from people, people also have to steal from other people in order to survive, some call this "competition"
Mankind had to make that sacrifice. It seems the Tech is advanced enough.
Now Thanos (with yellow hair) seeks ways to delete that excessive population.
July 04, 2019, 06:37:36 AM
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.
And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.
I was told that the rate they got their gold back was exactly the same as the some US goldmine
* Probably a conspiracy story, but interesting *
July 04, 2019, 06:33:22 AM
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.
And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.
EDIT:
Yes, tungsten filled Bullion is a real thing, even for expereinced traders: How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten
EDIT2:
Intreesting read on the topic: How Germany got its gold back
July 04, 2019, 06:30:23 AM
A Republican president posting on Twitter arguing America should convert to a communist command economy haha.
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
You are wrong. The US monetary system (and the EU too) is debt based and made to work optimally under ever increasing debt.
Check out the youtube video "The biggest scam in the history of mankind"
As long as people use and believe in the dollar they can keep printing (generating money). This requires politicians to do the acting game.
If you go back to the gold standard you will need to be accountable and have the gold on hand. Being accountable is not something politicians are good at ;-)
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.
July 04, 2019, 05:35:09 AM
A Republican president posting on Twitter arguing America should convert to a communist command economy haha.
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
July 04, 2019, 05:12:52 AM
^ when 90 or 100%? waiting passionately.....
waiting passionately..... 
July 04, 2019, 05:02:18 AM
The Crypto Fear & Greed Index jumped in last month from 27 which means FEAR, to 79 showing Extreme Greed. This is good in my opinion because more greed equals more buying.
If you want to check Crypto Fear & Greed Over Time go to https://alternative.me/crypto/fear-and-greed-index/.
If you want to check Crypto Fear & Greed Over Time go to https://alternative.me/crypto/fear-and-greed-index/.
July 04, 2019, 04:40:16 AM
Good morning guys, nice to wake up to an overnight pump, I see we even briefly touched $12,000 again. The next 3 or 4 days will be interesting. We could creep back over $12,000 again & stay there, who knows a weekend AYH could come 
July 04, 2019, 04:21:02 AM
.....
Actually, the piece itself was good enough to make me ask a specific question expecting a detailed reply - namely, what is meant by "general public". We aren't all Bertha.
Actually, the piece itself was good enough to make me ask a specific question expecting a detailed reply - namely, what is meant by "general public". We aren't all Bertha.
Pretty standard investment regulation... Derivatives of complex/risky instruments are limited to knowledgable ( 'professional' ) traders only. This is already the rule on many trading platforms, it will just be extended gradually to the more regulated Crypto exchanges.
July 04, 2019, 04:19:01 AM
Good morning guys, nice to wake up to an overnight pump, I see we even briefly touched $12,000 again. The next 3 or 4 days will be interesting. We could creep back over $12,000 again & stay there, who knows a weekend AYH could come
Hopefully we don’t go back to 4 figures because that would suck.
Hopefully we don’t go back to 4 figures because that would suck.
July 04, 2019, 03:36:41 AM
https://medium.com/coinmonks/bitcoins-bull-run-this-is-what-s-different-compared-to-2017-28d239cd7256
Main and only points to read:
1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook
Main and only points to read:
1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook
July 04, 2019, 02:53:18 AM
July 04, 2019, 02:37:05 AM
Going into that very very very early HODLsleep
Goodnight WO-bro’s
Btc keep up the pump
BoB please do please your Karhu!
Its just needed for us all.
It's the vegetarian diet your girlfriend has you on, you're running out of caloric energy to stay awake and now are falling asleep dreaming of eating pork. Mic you need a rack of ribs and a beer stat!Goodnight WO-bro’s
Btc keep up the pump
BoB please do please your Karhu!
Its just needed for us all.
Though from all the meat I ate before..... the least I ate was pork
Now let me HODLdream of eating a Green Dildo (no homo
)Thanks for the "no homo" clarification.
July 04, 2019, 02:35:26 AM
So, BTC is back up. Fitting nicely into the fib channel (whatever that means), still on the parabolic curve (whatever that means), retracement is not complete (whatever that means), news hawk continue to shank bitcoin so their employer can maintain the ad whore levels, and I don't care. Bitcoin is going to go where it wants to go. Namely up. Maybe a few dips and divots from time-to-time, but the future is decidedly up.
Now, a serious question with a few caveats: Caveats first. I'm gonna go out on a limb and assume that the population of regulars on the WO are spread, somewhat, along these lines: ages 20s 60%, 30s 15%, 40s 15%, and the remainder 50s plus. The percentages don't really matter all that much, they just help me visualize the group as a whole.
Now, again, I believe that most here are what I would call 'bag holders'. Those who have accumulated a stash and have no plans to divest any substantial amount. You do realize that you are the bankers of the future, don't you?
So my question to you all: Have you considered your exit plans?
I fit comfortably in the smallest percentile by age, so this is something for me to seriously consider. Right at this moment I believe that I will begin to withdraw fiat in small amounts when the price stays at 20k or above. Considering my current health, I believe that I have some ten, or so, years to withdraw most of my coins. I have already done some estate planning so that my administrator will, hopefully, know what to do when I pass.
Side note: I've tried retirement twice. It didn't stick either time. Too much time to do nothing much. Youth is wasted on the young.
So, what are your exit plans?
/OG
Now, a serious question with a few caveats: Caveats first. I'm gonna go out on a limb and assume that the population of regulars on the WO are spread, somewhat, along these lines: ages 20s 60%, 30s 15%, 40s 15%, and the remainder 50s plus. The percentages don't really matter all that much, they just help me visualize the group as a whole.
Now, again, I believe that most here are what I would call 'bag holders'. Those who have accumulated a stash and have no plans to divest any substantial amount. You do realize that you are the bankers of the future, don't you?
So my question to you all: Have you considered your exit plans?
I fit comfortably in the smallest percentile by age, so this is something for me to seriously consider. Right at this moment I believe that I will begin to withdraw fiat in small amounts when the price stays at 20k or above. Considering my current health, I believe that I have some ten, or so, years to withdraw most of my coins. I have already done some estate planning so that my administrator will, hopefully, know what to do when I pass.
Side note: I've tried retirement twice. It didn't stick either time. Too much time to do nothing much. Youth is wasted on the young.
So, what are your exit plans?
/OG
First, you seem to be skewing the ages a bit young, here.
Maybe in shitcoins, the ages are lower like you suggest.
Second, you can start to withdraw 1% per quarter at any time without too BIG of a likelihood that you will draw into principle too much. You should not have to wait for supra $20k prices to begin your withdrawal plans. Of course, if your specifics might vary, depending on your average cost per BTC and I am kind of assuming that you are already in profits that are likely 5x or more.. but if your profits are less than 5x, then I see why you might be waiting until $20k plus before you start cashing out.
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