@Icygreen, how thick is that $45 plywood? 1/8? 3/4 inch? I got one of those minivans that supposedly can fit plenty sheets of plywood when you fold down the seats.
Standard 1/2". I'll put my buy order in for 50 sheets at 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16232. (Read 26610307 times)
October 06, 2017, 12:56:57 PM
October 06, 2017, 12:47:48 PM
Yep! 1800+ coins in 3 minutes on Bitfinex.
edit: WTF and then an equal buy in the next 3 minutes?
October 06, 2017, 12:44:44 PM
October 06, 2017, 12:38:56 PM
That would be an ironic end if the people trying to undermine and destroy bitcoin caused its greatest success.
October 06, 2017, 12:31:09 PM
bitcoin is really bullish right now. thanks to bitfinex, more and more people believe in free altcoin and want a bigger piece from the cake.
October 06, 2017, 12:29:03 PM
There's another huge implication which is left unmentioned in the article and it concerns economic growth.
Economic growth is the increase in GDP minus the effect on inflation. Per wiki:
So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.
But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).
Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
Economic growth is the increase in GDP minus the effect on inflation. Per wiki:
Quote
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]
https://en.wikipedia.org/wiki/Economic_growth
https://en.wikipedia.org/wiki/Economic_growth
So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.
But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).
Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
Right. And who's to say that GDP even increases by as much as they report, if at all? They can game that number too.
Yeah, they are not actual numbers. Just "estimates". A few years ago our local finance minister decided the GDP went up by 25% overnight
http://money.cnn.com/galleries/2007/biz2/0701/gallery.101dumbest_2007/39.html
They are counting inflation as growth.
Not only: we cannot deduct inflation from nominal gains when paying taxes. So we are fully taxed on inflation. A steal within a theft.
There is too much theft involved with inflation. Taxes, deposits, social security, you name it.
October 06, 2017, 12:17:39 PM
@Icygreen, how thick is that $45 plywood? 1/8? 3/4 inch? I got one of those minivans that supposedly can fit plenty sheets of plywood when you fold down the seats.
October 06, 2017, 12:17:10 PM
BREAKING NEWS: Caixabank (main catalonian Bank) moves its headquarters from Catalonia (Barcelona) to Valencia.
Banco de Sabadell (second catalonian bank) and Mediolanum already decided it yesterday.
Maybe that explains the recent surge of BTC? Ya know: "Bitcoin for the underbanked"
Banco de Sabadell (second catalonian bank) and Mediolanum already decided it yesterday.
Maybe that explains the recent surge of BTC? Ya know: "Bitcoin for the underbanked"
October 06, 2017, 12:15:45 PM
Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Good reason to store my value in BTC.
Wow, $45CAD for plywood sheet?
Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol.
To be fair, yes plywood is $45 a sheet and partly due to recent fires in the interior but........... are these fires and "natural world disasters" going to break anytime soon?
People will pay until they cannot and then ushers in a higher class who can still afford it and this is where demographics change.
The other thing I see devaluing the whole system even more for everyone is the gulf between rich and poor.
eg Footballers money is skyrocketing, luxury car makers make the top models increasingly expensive, its not 500k anymore its 3 mil. Now the whole system pegs up and prices in the lower ranges adjust up. As stated, not so for the common guys wages. Frozen for multiple years.
October 06, 2017, 12:09:58 PM
They are counting inflation as growth.
Not only: we cannot deduct inflation from nominal gains when paying taxes. So we are fully taxed on inflation. A steal within a theft.
October 06, 2017, 12:03:48 PM
I'm pulling my buys and resetting them around 3300
I like me some cheap coins
I like me some cheap coins
October 06, 2017, 11:49:59 AM
There's another huge implication which is left unmentioned in the article and it concerns economic growth.
Economic growth is the increase in GDP minus the effect on inflation. Per wiki:
So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.
But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).
Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
Economic growth is the increase in GDP minus the effect on inflation. Per wiki:
Quote
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]
https://en.wikipedia.org/wiki/Economic_growth
https://en.wikipedia.org/wiki/Economic_growth
So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.
But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).
Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
Right. And who's to say that GDP even increases by as much as they report, if at all? They can game that number too.
October 06, 2017, 11:45:05 AM
:'(CPI is a government statistic also. The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago. So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%. Fair or not this is not a plain number hence the steady line may be from this constant process of correction.
Dollar is rising today as earnings average rises at its fastest for some time
Dollar is rising today as earnings average rises at its fastest for some time
http://www.businessinsider.com/if-people-knew-the-actual-inflation-rate-it-would-crash-the-economy-2016-8
There's another huge implication which is left unmentioned in the article and it concerns economic growth.
Economic growth is the increase in GDP minus the effect on inflation. Per wiki:
Quote
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]
https://en.wikipedia.org/wiki/Economic_growth
https://en.wikipedia.org/wiki/Economic_growth
So if GDP goes from 100bn to 105bn but you have 2% inflation, that's only 3% growth because you deduct the 2%.
But if the 2% reported inflation is actually 7%, then you must deduct 7% from the 105bn, which then makes "growth" into recession (~98bn).
Economies worldwide are presenting false growth numbers based on artificially reduced inflation indexes. They are counting inflation as growth.
October 06, 2017, 11:43:05 AM
Bitfinex Motivation behind SegWit2x trading pairs
I would say that one of the interesting characteristics of doing such a thing, dear Bitfinex, is to profit as soon as possible from this game. Inflating useless tokens in the market before the time.
Again, we are becoming worst than the ones we wanted to replace in the first place.
Quote
One of the interesting characteristics of open-source projects is that developers are free to split the code into new projects if they want to take a project in a new direction. In open-source terms, this is called forking the project.
I would say that one of the interesting characteristics of doing such a thing, dear Bitfinex, is to profit as soon as possible from this game. Inflating useless tokens in the market before the time.
Again, we are becoming worst than the ones we wanted to replace in the first place.
October 06, 2017, 11:14:52 AM
Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Good reason to store my value in BTC.
Wow, $45CAD for plywood sheet?
Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol.
To be fair, yes plywood is $45 a sheet and partly due to recent fires in the interior but........... are these fires and "natural world disasters" going to break anytime soon?
People will pay until they cannot and then ushers in a higher class who can still afford it and this is where demographics change.
October 06, 2017, 10:49:22 AM
Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Good reason to store my value in BTC.
Yeah, agree. Food, building costs, utility pymts, health care, maintenance costs (car maintenance bills, oil changes, haircuts, etc.). Those are the main ones I see jumping 7-10% a year.
Poor Average Joe must still think that their job wage will somehow magically increase by 70% in the next 10 years, when it hasn't budged in the last 10. SMH. Bitcoin to the rescue.
Wow, $45CAD for plywood sheet?
Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol.
October 06, 2017, 10:35:46 AM
Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Good reason to store my value in BTC.
October 06, 2017, 10:03:54 AM
:'(CPI is a government statistic also. The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago. So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%. Fair or not this is not a plain number hence the steady line may be from this constant process of correction.
Dollar is rising today as earnings average rises at its fastest for some time
Dollar is rising today as earnings average rises at its fastest for some time
Your car example is spot on. CPI is one of the very bogusest statistics, everywhere in the world. One of the best ways for guvments to obfuscate the real inflation rate.
October 06, 2017, 09:59:18 AM
Bitcoin formed a morning star pattern on the weekly chart, the 50 MA line is just cutting through the 200 MA line from below (golden cross-over pattern) on the 6 hour chart and the market is taking another crack at $4400 today. New ATH in two weeksⒸ
Happy Halloween!
Happy Halloween!
October 06, 2017, 09:33:29 AM
Let's see if $4400 will hold this time around 
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