Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16294. (Read 26610040 times)

Such a delightful future for all of us?

If I wanted a one-sided slant of the world, I can just turn on the TV or look at Apple News or Google News.


Yah just pointing out the immense inflationary pressures still existing that will propel Bitcoin higher until  Bitcoin gets mainstream to incorporate such things.

They can help reducing wages of the poor people that, according to the government, are not reproducing fast enough.
So instead of giving them incentives to get a family, the EU can help us all bringing neverending streams of resources and help poor corporations in need of work (in countries with 20% unemployment)

It's at an interesting point. I think we only have a couple more days to know where this wedge is going, but I'm guessing from the walls maybe up.


If down they we get to try and pull the backup parachute in early october and you get your second test, which by that point will conveniently look like a double bottom =)

Don´t forget the Immigrants, it´s a wonderfull life !

Americans, you should all come to Europe!
Here, set aside a few exceptions, you can enjoy an unemploymnet rate between 9% and 20%
Then your raise is no longer a problem, rather, how long you can keep your job and how long you will stay unemployed before the pension XD

This not to mention the beautiful taxes though, you will work from Jan to August just to pay taxes for the joy of living in EU

As far as I can tell, the ruling elite isn't going to cull the no/low skill population that's going to be soon made redundant by robots and AI, at least not any time soon. 

That's why there is all sort of talks in academic and political circles for "Universal Basic Income" (UBI) or "QE for the people".  This will be an excellent chance to introduce FEDCoin or CADCoin too as it would be easy to distribute that UBI if every citizen has a public key account with your favorite central bank (CB). 

The idea is to keep the bread part of "bread and circus" going a little while longer, since there are TONS of pissed off people around the world.  Not just Arab Spring or Venezuela type, but common citizen in US, Germany, France, and lots of the First Worlders too.  People are discontent and restless and hence when gateway to escape the fiat world opened (like Bitcoin), people pile in.

This week's candle just closed, and it was green.  it closed at about $3664, and it was a nail-biter until the closing.

Anyhow, when a weekly candle closes so close to being either one direction or another, i don't know how much meaning we can attribute to that - except perhaps that we have largely been flat for the past week - however, it does not show a trend either up or down (on a weekly basis) - merely that there is some kind of consolidation going on that could cause a subsequent break out that goes in either direction.

Because of my tentative conclusion that we remain in a bull market (contrary to the multiple bear shills that are trying to transform us into a "bear market" based on a mere 2 (or arguably 3) week correction from a $4980 ATH that was about 67% higher than the previous ATH ($2980).... so yeah a bunch of fucking seemingly goofballs engaged in premature judgement regarding an evolving and still seemingly bullish situation - so therefore there remains a slight edge towards a bull break-out scenario.. rather than the wishful thinking bear scenario (that remains possible - even though slightly less probable, based on real context rather than fantasy).

At the top of the list of To-be-culled are the rebels and the out of control, so try to stay underground as a general rule.

No.

It is true that this used to be the case, but now we are right on the cusp of being able to automate most of the services the rich require.  This, of course, renders the mass of excess human population nothing more than a troublesome liability.

The trick going forward is figuring out how to not get culled.

I must say, i changed from Polo (no support, and the withdrawal limit is a joke) to Bitfinex, and i´m not looking back !
Offtopic, i know, but just wanted you guys to know . . . Those little Hongkongers are great !

This the wall observer thread, or not ?

Hit the nail on the head. I haven't seen a raise in my 'job' in 9 years, not to mention they cut my hours just enough so that I could no longer get health insurance. Fortunately I have other income and in fact I'm on the verge of ditching that job forever in favor a crypto-based venture. But most people are years away from seeing or even understanding what is happening to them. They're still looking to politicians to fix things.

Good look with shorting at the bottom. Enjoy hodling your fiat.

Is Catalonia going to adopt bitcoin and replace the Euro??    

I'm not shorting via a CFD position on an exchange, via margin trading.

I am doing a manual short using SBD to keep my purchasing power while BTC/USD potentially goes down. It's less risky that way (and no counterparty risk either):

https://steemit.com/money/@profitgenerator/profit-from-crypto-crash

ATH is tomorrow. Because Twitter.

END list, good luck!

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We have that in the U.S. too. Most people haven't see a wage increase here for 8 years, and if they have they got a little 2-3% bump last year maybe. But since 2009, the price of things like houses, cars, electronics, and utilities has drifted up along with a fake stock market recovery but not in relation to wages. Wages have for the most part remained flat for the better part of 8 years. Health care premiums have doubled from a decade ago. Internet access is up 200%. Cell phones are up 300% and cellular plans are up 200%. Utilities are easily 30-40% higher than they were in 2009. Now we are starting to things like food drift up higher a little bit. Of course, the Fed doesn't count things like utilities and food in their inflation calculations.

Most people are loaded with debt (house, cars, credit cards, student loans, etc.) and have hit peak debt. So they are just grateful to have a job where their wage isn't really increasing than no job at all. Some are probably trying to pay their debts down. But the question becomes, when are most people going to have that light bulb moment when they realize "OMG, my salary is not going up! It may never go up again from here. At this rate, I am never going to pay off my debts. Meanwhile, my health care premium continues to go up. I can also see that the price of things like houses, cars, food, utilities, internet, cell phone, entertainment like movie tickets, vacations, etc. are drifting higher every year. By the time I am old, I will have no retirement saved up at all."

Eventually, inflation of everyday things will accelerate while wages continue to remain flat or perhaps even decrease. Inflation is like an insidious disease, and when it begins to run away, it quickly eats away at all your saved hard work. The analogy of the frog in the boiling pot comes to mind... you don't notice until it is too late (you're dead).

Their game is more subtle: TPTB are already defaulting gradually on selected sections of the population (typically the younger and disorganized) by slashing their current and future benefits and loading them with debt while keeping every sort of benefits for the older generations (boomers, retired) who tend to be more organized, relatively insider, and who keep voting for their free sh*t and for screwing their nephews.  Same for inflation/deflation: TPTB will keep pumping the assets of the 1% (blue chip stocks and bonds) and let the typical assets of the masses (residential real estate to say one) boom and bust going with the cycle.

But maybe it's always been a generational game, where the older ones try to enslave or sell in slavery the younger since biblical times. And that's why they used to try to encourage the reproduction of our specie: ultimately there is always a need of masses of slaves, ideally voluntary slaves, blind to their chains.

Twitter is cancer.