Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14945. (Read 26716225 times)

Hey Roachiepoachie

Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line

Of course it's "fashion".  The overwhelming majority of people are completely clueless when it comes to economics or investing and simply fall back on human herd mentality.  Since they know nothing, they see an asset rise and then believe, "well, there must be people who are more knowledgeable than me investing in this and I will thus defer to their opinion and buy some too since everyone else is".  

This is why pump and dump scams never cease to stop working.  Humans have a finite lifespan so there literally is a sucker born every minute.  The price of bitcoin has been controlled almost entirely by a single entity painting the tape and spoofing walls mostly operating on Bitfinex ever since the price was $200.  I'm probably the first person to talk about this, and then later even Zerohedge wrote articles about it calling him "the Bitfinex spoofer". One scammer can create an army of zombies to follow him.

Just like all artificially rigged pump and dumps, bitcoin will fall out of fashion, the lemmings will sell their bitcoin post-collapse at the same price or lower than what they bought in, and then say "darn, I wish I bought metals before gold went up 10x and silver went up 20x. I guess i'll buy some now!".  To actually make money, you have to be somewhat of a contrarian investor and buy cold markets while immediately dumping any market full of dumb money lemmings.

Calling this little piss ant ratings corporation smart people is beneath you JJG.

Market makers and big money sent way more qualified(and discrete) individuals out to check out bitcoin long ago. Any claim by these people is suspect imo. I mean for crying out loud these are the same pond scum that caused the recession. While not exact its of the same tainted lineage.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis

The fact of the matter that bitcoin is getting a grade at all..let alone a C+ is absolutely amazing as far as I am concerned. I mean..think about it..this is the coin associated with mtGox..SR...numerous hacks ect ect.

I guffawed.

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

Hey Roachiepoachie


Article not linked as behind paywall

Australia's biggest gold refiner, The Perth Mint, is developing its own blockchain-backed gold products as it looks to respond to the threat posed by the rise of bitcoin and other cryptocurrencies.
While Perth Mint chief executive Richard Hayes dismissed the trading frenzy in bitcoin as a bubble that would invariably burst, he told The Australian the underlying blockchain technology behind cryptocurrencies presented an opportunity for the mint to develop new gold products offering greater security and traceability.
Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line.

Will be relieved when I'm finally "out".

I do not understand why people believe this

White doctor gets 175 years in prison for molesting gymnasts:

https://www.zerohedge.com/news/2018-01-24/i-just-signed-your-death-warrant-us-ex-gymnastics-doctor-sentenced-175-years-prison

Black elementary school teacher gets...nothing for taking all clothes off and trying to rape students in broad daylight:

https://dailystormer.red/imagine-my-shawk-nigger-teacher-strips-down-and-runs-around-trying-to-rape-his-students/

Woman caught?  Probably get a paycheck.  What is the lesson from this?  Society considers only white males as adult humans responsible for their actions, considers women large children not liable for their actions, and blacks as wild animals that are just going to murder or rape everything they see.  Since society and the legal system agree, sounds like it's time to get all of those classifications signed into law.

BTC goes where?

I wish I could help. I just tested my spendable merit... and now I have zero

I do not understand why people believe this

I have 100 merit and 1 Smerit. Does this mean I can only like one post?

Calling this little piss ant ratings corporation smart people is beneath you JJG. Market makers and big money sent way more qualified(and discrete) individuals out to check out bitcoin long ago. Any claim by these people is suspect imo. I mean for crying out loud these are the same pond scum that caused the recession. While not exact its of the same tainted lineage.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis


The fact of the matter that bitcoin is getting a grade at all..let alone a C+ is absolutely amazing as far as I am concerned. I mean..think about it..this is the coin associated with mtGox..SR...numerous hacks ect ect.

 

Even the Weiss rating bullshit from today kind of demonstrates that either smart people do not understand bitcoin or they are purposefully engaging in misleading behavior...

How the fuck do they give Ethereum a B and bitcoin a C+ and Dogecoin a C...   Makes little sense, except that they are making shit up, and in the end, the fact that some of us can see through the bullshit, we are going to continue to invest in bitcoin and we will profit from such ongoing better than others insight.  In other words, some folks are going to get mislead by the bullshit that ended up coming out of the supposedly objective and professional Weiss rating system.

up and down...we told you