Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13810. (Read 26711063 times)

It takes decades to bring new supply online like that. First people have to be motivated to go out into the jungle and desert and god knows where to start poking around looking for places that might potentially have some metals. Then they have to actually find something. Then they have to build the infrastructure. Another thing that people don't realize is that when the price is artificially low producers of existing mines are forced to abandon more and more marginal ore to stay profitable, they cut their operations to the bone, and all the supermarginal ore that they neglect they cant just go back and get later. It's for all intents and purposes lost forever.

The price suppression that we see today is planting the seeds for a future supply collapse that will take a very long time to re balance.

But your point remains taken, it will eventually rebalance where that can never happen in bitcoin.

I also don´t think that r0ach is a member of Mensa, but I still think that his IQ would probably be sufficient for
a membership.

His focus on topics related to Jews/Judaism and similar stuff is of course over the top, but his
analysis of certain aspects of the economic system is actually pretty spot-on. He certainly
has a talent for identifying various scams in the economy (e.g. some of his comments with
regard to the real estate scam, the nature of fractional-reserve banking or some of the shenanigans
in the stock market).

What he doesn´t understand is that metals (especially silver) are subject to a supply response.
If the silver price would increase substantially, miners around the world would simply ramp up their
operations, which would cause the price to revert to previous levels.

Bitcoin doesn´t have a supply response. Even if the miners would ramp up their operations after a price increase
and the total hashrate would double or triple in the next year we still wouldn´t see the mining of a single additional Bitcoin
apart from the already expected number of Bitcoins.

It is not too late to sell your silver stash for a stash of Bitcoins.

There is such a thing as masochists. Some people like to be abused.

Probably, we are not saying much different because my practices of living within my means and having a decently long projected cashflow are similar, but I still have learned to use my own credit, including 0% interest card offers (and other variations of such) to make more money than I could through my non-leveraged cashflow.  Sure there is some risk, but there is a whole hell-of-a lot less risk if you attempt to invest the money in appreciating assets, even if you might not be successful 100% of the time, you can run into situations in which your money earns much more than the interest rate that you are paying - even if that might be between 6% and 10% - for example having fiat invested in bitcoin between the end of 2015 and 2017 could have gotten you up to 78x returns, which would have been enough to pay off even the most usurious loan, even if you did not come close to maximizing the tops and bottoms.. or if you mistakenly put some that fiat into gold and silver instead of into bitcoin.

Good morning. Still hodling onto hope that a small mercy pump might happen for Consensus. But that is all it would be, a local pump. Nothing fundamental indicates a need for the price to go upward for now. We should know within 24 hours which direction the market will decide to go. I am looking closely at 9:00am tomorrow for some reason...wishful thinking on my part perhaps.  Must likely when despair is at its height there will be a surge upward to close longs. Otherwise I am seeing sideways and downward tendencies starting to develop. Bitcoin continues to be the safest and most secure store of value for now. Thats about it. #dyor.


The only good news I have at the moment is we are still well above the downward trend line that has plagued us all spring. I think once people figure out there is not going to be a massive pump we will retest that zone.

Did anyone here knew about this?

https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169

Pretty interesting article

You know at the time it was very hard to let go of the shine coins/bars to exchange for something not touchable. Followed one of those gold bugs sides religiously and  at some stage got convinced silver is the real future. Eventually sold  95% of the gold for a small loss and got stuck with the silver as the losses where to high it thought, eventually i did get rid of it. Not so long ago i wanted to dump (at any price) the last 1,25 kg and i could not find it in a short time i had available. Someday i am sure i will get a sandwich for it. The only once profiting form silver is dealers and government with the high tax.
There are times selling at a loss is the right move and this was one, risky yes, with all the doggy exchanges around, all the uncertainties with crypto.

Quote from Wikipedia

Mensa's requirement for membership is a score at or above the 98th percentile on certain standardised IQ or other approved intelligence tests, such as the Stanford–Binet Intelligence Scales. The minimum accepted score on the Stanford–Binet is 132, while for the Cattell it is 148

Don’t think Roach is a member

It looks like a generic antisocial personality disorder to me. Above all else, he do seem to find great pleasure in being in active disagreement of social conventions. He is very proud of every "ignoring notice" achieved. Probably he even keeps the count of it.

I wouldn't even be surprised if he were simultaneously trolling the nazi forums with Jew praises or trying to plant the Bitcoin seed on gold bug forums.

In other words, according to my diagnose he is a clear case of a CIT personality.

Classic Internet Troll.

Usually narcissism would fit, but in this particular case I'm more prone to diagnose a paranoid psychosis, altought high functioning, or maybe a paranoid personality disorder with narcisistic defenses

Yeah, and I’m sure he’s probably hoarding a kilo bar of silver that he paid like 50btc for back in the day.
He be like...
“Ha! , I just paid some sucker 50 worthless bitcoins for a kilo of silver that’s gonna be worth
half a million$ someday!.....”

While on it's face this is all trues the one caveat to me is I do not gamble what I cannot afford to lose. I know it takes money to make money and I grew up with nothing and everything I own including my freedom has been paid for from the sweat off my back so to take any chance no matter how small on losing the cushion I have created in life whether it be a sure thing or not is not something I can justify doing. If you have no support network to fall back on in life you either smarten up and create your own or when the tide of ill come knocking they drown you down. The world is a cruel place the vast majority of first worlders never even get a glimpse of so do not have to prepare for personal doomsday scenarios. And in this scene as in anywhere in life gambling what can cause you to lose it all on the bolded I highlighted is a fools errand no matter if it's a sure thing or not. My personal number is at least 6 months of capitol for living expenses and I only have to be responsible for myself, it would be much higher if I had a family to care for.


It was obviouse he pulled that shit out of his ass but I think that was an attempt at humor that you missed. Lol

BTW I didn't join Mensa when I found out they wanted me to pay then, lol I don't pay to share my Idea's. But I do give them away for altruistic purposes which they are not (as a whole).


All energy is not created equally therefore this is based on false premises. Fail

Many woulda-been, coulda-been Bitcoin millionaires become bitter, anti-Bitcoin zealots.

::le sigh:: This is what happens when obvious misquotes go without direct challenge. Damn you, Rosewater!

I have heard of this 'toad licking' activity. Evidently, all the cool kids are doing it.

https://grist.org/article/bitcoins-energy-use-got-studied-and-you-libertarian-nerds-look-even-worse-than-usual/

Lol @these articles

All credits to the guys at Genesis Mining who put these billboards outside Warren Buffett’s office.

So much GJ so much LOL

(wait for image)

I think he’s just a very angry man.
The rabbi must have botched the circumcision or something...

Most people have had him on ignore for years, he’s likely a pedophile & likes to groom newbies and their way of thinking similarly to how he grooms children in RL.