Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13879. (Read 26723754 times)

bitcoin came from the occupy wall street movement...!    ~it was to bring clarity to the financial markets...lol

There's numerous reasons:
  
1)  Silver is the most downwardly manipulated commodity on earth using paper derivatives in the concentration of traders in the CFTC COT.

2)  Trading the GSR is an actual thing.

3)  Organizations like The Pilgrims Society which sought to suppress the market cap of silver no longer have any reason to do so.  Nations like India and various Arab states have hoarded tons of gold now while the west is empty of gold, so instead of suppressing silver, these organizations have more incentive to try and suppress gold and pump silver now, otherwise the old world order becomes slaves of...India?  Yea, that's not gonna happen.  Entities like Russia don't really care if they try and pump silver either since Putin has been stacking silver.  Putin is prepared for whatever happens.

4)  The ideal form of money does not have zero intrinsic value, it has the most intrinsic value. Meaning if it was possible, humans would likely be using blocks of pure energy as money like the transformers cartoon.  Since we do not have the ability to store energy like that, some sort of metastable commodity like oil that produces energy would be the next best thing, except for the fact one of the main purposes of real money is to remove counterparty risk, and you simply can't do that using oil as money, not to mention oil performs mediocre or poorly in the other traits required as well.

Since we don't have any viable way to use energy as money while satisfying the traits required of money, a standard physical matter commodity currency is the next best thing because matter is energy anyway.  In the old days, to the dismay of the aristocrats, the amount of economic activity done in silver was always so high, it would constantly creep up on gold.  Since the use cases of silver have vastly increased since those days, while gold has not, if an actual free market occurs, silver will likely rival or defeat gold in market cap.

5)  It's likely JP Morgan rigging the paper market while buying the physical market is just a form of stealth confiscation of metals without going through the route of using an executive order, then the US govt will use this as a last resort to back it's currency after the dollar implodes since the coinage act of 1792 says $1 is supposed to be composed of 371 grains of silver anyway.  Canada also has zero gold, while Mexico has lots of silver.  If you live anywhere in North America, silver will likely be huge in the future, while silver has always been huge in China and India in the past until the western money powers tried to sabotage them with things like the opium wars.

I dunno... seems like a reasonable point to ponder. Why does it appear to you as either book-talkin' or trolling?

I don't see how your comment is relevant and how my comment could possibly have something to do with trading or my book.  It seems you are stuck in one mode of thinking.  I'm sorry you are having such a tough time with your trades this week.

Nothing wrong with that.

Those are the waayz of the quasi-anonymous interwebs.

Anyhow, you can still answer dee question in order that yours truly and perhaps some udder WO peeps have some dirt to throw in your direction when dis bad boy reverses.

I got a six pack of beer...and it's titty squeezing time

Nocoiners 

In the self-serving bragger camp.   

Don't mind me. Getting used to being the butt of my own joke.

Looking at the weeklies going all the way back to 2013, seeing 5 consecutive green candles outside of a bull run is pretty rare.

In fact, they are non-existent during the 2014 bear market (if you don't count consecutive dojis).



It was only during the 2015 recovery/accumulation phase, when price and volume finally bottomed out, that 5-week greens reappeared.
Volatility spiked +/-30% in waves. Volume remained low. In hindsight, this proved to be an extremely lucrative accumulation period.

It took 7 months after the Mid 2014 Bubble top before the start of a 5 week rise again.
It took 14 months after the Late 2014 Bubble top, before the start of a 5 week rise again.
It was with the third 5-week rise, accompanied by a sharp rise in volume, that the great Bull Run of 2015-2017 began.

It has only been 4-5 months since the 2017 Bubble pop before the start of our first 5 week rise.

Methinks this is bullish AF.

Wats up like dat?


Several of your posts come off as detached, and kind of relishing downwards ticks in BTC prices.  Did you sell some BTC or did you margin short?

I don't think my comment applies any less to a billion than a million

Actually it was a billion years. My mistake.

Once you go that far anyway, why stop at a million? That's the problem with those people. They have no vision.

I signed a million year contract with the Sea Org once. You never live that down.

 Well you don't have to be a genius to know that an organization need money to function.   I don't think there are any up front fees to join this particular group though having oodles of fame and cash probably give you a leg up... and hey! Free IQ test

Do you troll here just to talk your book, or because you have nothing better to do?

Hueristic says you have to pay to join. Do they give you a higher score if you pay extra to the examiner in cash?

Seems to me that a more sound mindset would be to invest into bitcoin based on your consideration that bitcoin remains amongst the best of long term investments, rather than putting your money somewhere else, in spite of its volatility.  Sure, my assertion here does not necessarily mean that you gamble or that you place more that you are able to comfortably lose and that you make sure that you have all your living expenses covered while you are making your investments into bitcoin.

 Therefore,  don't be relying upon or expecting to acquire any free Lambos because of your bitcoin investment, even in 5 years; however, if you prepare your investment, and you take decent stakes into bitcoin, then there are decent odds that you might benefit way beyond your expectations - which ends up "luckily" falling into the easy Lambo acquisition price territory....

Yeah they won't let you score above a certain threshold. If you score above 160 in Canada then they either round down or disqualify you (in my experience).

This much volatility in bitcoin price is going to be good for Wallstreet so that they can advertise their upcoming centralized crypto as being more stable than decentralized crypto, regardless of where the price goes from here. Bankers gotta lend. Guess I'll keep buying until I run out of fiat.