Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12144. (Read 26609702 times)

 You didn't hear?  His castle burned down.



credit: https://btcmanager.com/burning-long-term-holders-bitcoin-castle-marks-beginning-new-era/

I found much of what he said fascinating..when he wasn't frying balls. Later..not so much. Here Jjg..some light reading for in between candle watching..
http://consc.net/event/reef/huntkicking.pdf

Yes, that is a good strategy. I also use this strategy and I have been relaxed about the decline. I have started to scale back in now. It has all been house money for years now as I took out my original investment many moons ago.

Whatever happened to rpietila ?? He had a castle and went insane...or kinda lost the plot? He had some game or virtual world going as well. He made some really good posts years ago.

Provides some insurance without gambling too much of your stash.

You can find an amount that works for you, including a similar ratio that is cashing out 1% for every 10% the price goes up.

Of course, if you might become less nervous as you are able to have bitcoins and cash stacked up, and accordingly, you might later begin to attempt to wait for BIGGER ranges. 

Some folks suggest that you might not want to cash out any BTC until it reaches at least a certain point, such as 2x or 5x, but in the end, it is good to tailor your own thinking and comfort level on the topic.

I structured some of my initial ideas around rpietila's simple sane savings discussion in this thread.  Ironic, perhaps, that he would be a "sane" recommender... hahahahaha

https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

Either it is just starting... or this is the weakest weekend pump ever!

If possible, whales like to strike during the holidays... just to ruin dee moo. 

Can I interest you in a upgrade?  156,500btc  per unit @ current prices..or you can BR the whole program for 1.5 million btc.   100 tonnes to LEO, the Moon or Mars.



p.s. Breaking thru that resistance right now it appears. Nice hodl rally.  

Litecoin up by $2 in the last 5 minutes. BTC to follow
It's a trap

 Doable when bitcoin moons

One reason why financial armageddon is taking so long, besides the fact they want people to be stuck in fiat dollar enslavement forever, is the fact most of these people are psychopathic control freaks.  Many of them want only gold to have value and be the unit of account, others are for a bi-metallic solution, others want only gold to have value but they also know it's completely impossible to stop the rise of silver with it having much higher percentage gains.

Some are just going senile and don't even understand attempting to force only a gold standard is pointless when places like India hold so much gold, so going mono-metallic instead of bi or tri-metallic is completely pointless and just gives way too much power to 3rd world nations like India over everyone else.  So no matter how much kicking and screaming they do, the most likely outcome is not a gold only standard, but more likely tri-metalic just like the old days with gold, silver, and even copper all seeing significant use.

I don't know why would someone have to pay oil with gold and silver instead of dollars... But, since you insist that the cost of production is what marks the price bottom and also that oil is the most important factor of that cost of production I will tell you "the real gamechanger at play really is nothing what either of us mentioned so far":

OIL PRICES ARE GONNA DUMP HARD IN THE NEXT DECADES. FUCKING HARD. MORE THAN YOU CAN EVEN IMAGINE.

So there's that.

When it comes to gold and silver, all I have to say is bring it on.  "Pikes Peak or bust."

gold, guns, ammo, booze, transceivers

everything good is too heavy for a bug out bag


I need a bug out B-17

Of course his post was complete nonsense, but the real gamechanger at play really is nothing what either of us mentioned so far.  It's what the unit of account is for world energy prices.  You're currently living in a completely delusional, nonsensical, unsustainable world because the unit of account for oil is dollars.  This means you can print something imaginary to conjure something real out of thin air - or better explained, it's real purpose is to steal resources from other countries.

The dollar is a mechanism for stealing, both from other countires and it's own people.  International banking has Jewish roots, so nobody is spared from the theft.  On a finite planet, it's not really possible for a scheme like this to last for long.  Eventually something finite and linked to physical reality has to be linked to something else finite to be the unit of account.  So then you have a situation of someone claiming "oh, the cost of production for gold is like $1100 and $15 for silver with the majority of it's price being derived from things like diesel fuel".  

Now, answer me what is the cost of production for gold and silver if purchasing the oil that makes up the majority of it's cost of production price has to be paid with gold and silver instead of dollars?

That's a very interesting question I once asked to r0ach. I was arguing about the poor value/weight relationship of silver. Storing a single million $ would weight around 2 fucking metric tonnes!

He then started arguing about the absurdity of my example, and that it was because silver was so fucking cheap at this time and blah blah blah.... so I let it go.

The FACT is that you can not reasonably use physical silver to store a sizeable amount of money. Not to even mention about mobility.....

Maybe you just want to piss r0ach... but you are completely ignoring the support and potential trend reversal at $10. $5 would be THE ultimate bottom. Not gonna happen, and even if it does, it would take 10-15 years to reach that low.

Do people with any significant holdings actually hold physical silver? Or is it just paper-silver?

There's a million other variables to factor in with silver as well, like one of the Pilgrim's Society's main goals was the demonetization of silver in order to hurt the east - places like China & India.  But now the world has flipped the exact opposite way and China & India have hoarded most of the gold, while the west has lost all the gold, but entities like JPMorgan have been hoarding silver.  So the Pilgrim's Society has no real reason for silver to be their #1 enemy anymore.  If anything they will probably flip to pro-silver and anti-gold.

This means in any type of new monetary revaluation, Bretton Woods agreement, or the system being forced back to monetary metals, the western powers are going to highly favor silver over gold percentage gains-wise in order to recapitalize themselves from the debt bubble implosion.  Russia seems to have lots of silver as well as gold, and China probably has a decent amount too.  So at the end of the day, it will be difficult for them to protest against silver receiving much higher gains when it was obviously far more undervalued than gold was anyway.