Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13123. (Read 26607119 times)

I propose:
abcASH

do the exact opposite of what CNBC reckons and guess what happens?

https://www.tradingview.com/chart/WPRBTC/X5WuyDQn-CNBC-Bitcoin-Indicator-is-pointing-to-a-massive-rally-soon/

$26.5 trillion in offshore money...

when Bitcoin is much easier than dealing with all of that

Everyone knows it's a 95% chance of rejection. That's why shorts is at an all-time high.  And a likelihood that it does nothing to the price (being already priced in).

And then short sellers have to buy in order to close their positions, leading to a short squeeze rally.

https://informationisbeautiful.net/visualizations/trillions-what-is-a-trillion-dollars/ for a bigger picture


not sure about some of these figures, but basically

Meh, I think what is going on as of late is that traders are BTFD, when there is one down to $63xx and lower and then scalping it for modest gains of 2%-4%. Apparently, with the "invisible walls," some big fish is probably implementing this strategy. Could even blame it on Spoofy's new strategy, (if you believe in Spoofy.)

Thats a good explanation of why it'll never goto 50,000 then really.   In dollar terms, maybe USD does so horribly we can see that number but in value terms the only need for 50k is via the actual utility of BTC being so high that people are willing to hold it overnight and then you have a billion doing so the price is raised inadvertently.
 
Real estate is very likely more productive for most people and many dont have much spare cash so why is the price going to 50k in that scenario.   Money is more useful in transit but long term you'd need a good reason to push it that high I think.

BTC is depressed right now because US Dollar strength is apparent.  Its nonsense of course but all this tariff and Iran sanctions and so on gives the appearance of strong dollar.   So in terms of running a constant deficit and juggling 20tn of debt this does not work out for the FED or US treasury, it is unlikely to continue as a long term dynamic.    Almost completely obvious is that inflation is always going to be above interest rates, so allowing the reduction of debt in real terms and that means weak dollar.   The free market naturally searches for an alternative to a common standard unable to hold its value, if that wasnt true we'd be in 3 figures still.  Many consider strong dollar a possibility when market consensus turns opposite it should then be far less harsh an environment overall



Torque is right, governments main purpose is to be better then the negative scenario it replaces.   By itself government is not productive, its not part of growth, theres no profit and its literally a tax upon the economy and people its sitting on.    Main thing we can hope for is governance of the military which no other entity can control except this idea of democracy and the benefit of having everyone situated like this is they accept the title of public servant and when told immediately step down which avoids the problem any country with a strong military normally has.
  Really all government does is in its distribution of power and avoidance of harm, otherwise they operate poorly and with great cost compared to any normal competitive consideration.

We need competitive capitalism and we dont have it, we got forced pricing in interest rates and politics instead of business.  For now most of that politics is related to democracy but I dont suppose we always get that. That story is pretty much the biggest global issue I can think of ongoing every year maybe for the rest of my life until it falls over.   Even if crypto disappeared and was found to be of no use, we'd still be stuck with that problem of a failed currency system with countries occasionally reverting to near barter economies and suffering great losses in growth and efficiency.

2 days until the ProShares ETF is rejected.

Not your keys. Not your bitcoins.

I had a friend who was a hedge fund manager, a 'macro' trader.  She was fascinated with crypto as it was an 'uncorrelated asset class' which in the investment world is a good things to find.   You don't want all a portfolio in asset classes that all respond to economic factors in the same way.  Everyone needs something in their portfolio that doesn't do what the old school investments do.

This seems to reach a similar conclusion:  Crypto is different to the old shit.  Best buy at least 'some' - it makes sense.

(Well found, Sir)

I officially dub it:

Damn... it's almost too cool to give it away.  I could charge them but it'd need to be in something real like BITCOIN, or MONERO.

On second thought... make it MONERO.  I don't want anyone to know I did this.

Which bcash lol is best bcash lol?

https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns%208-7-2018.pdf
Risks and Returns of Cryptocurrency
+ moar good stuff + some dodgy stuff

Alternatively you can get yourself more bitcoins so you don't have to rely on any gods.

Shorts @ATH and 100M Tether printed, fasten your seatbelts

http://blog.mclain.ca/buy-and-hold-31-cryptocurrencies-for-365-days-week-52/

This is the final instalment of one geezer's 52 week journey of buying and holding.

Result - just under break even.

thats the real HODLER spirit 

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.
 

Hey it's all just a choice. You may decide to be responsible some day. ¯\_(ツ)_/¯

dude

I'm not even responsible enough to have a dog

Here is a book about how to not let your money ruin your children and future generations. In case you ever change your mind.

https://www.amazon.com/Intentional-Legacy-David-McAlvany/dp/1943217432/