Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17018. (Read 26717275 times)

In US at least you can have guns and defend yourself if needed.

Or crack your knees with a hammer until you give them your private key

Exactly. But I don't think it'll get that far. You know why? Because the Global elite's ultimate goal is to swamp Average Joe in so much debt and taxes, and increase the cost of living beyond his means, that he won't be able to purchase and horde metals or bitcoin. They won't have to kick any doors in because they know that no one will have any horded wealth to confiscate.

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets. They want Average Joe to have debts and taxes, a lot of them, and so much so that it's virtually un-payable in one's lifetime. That's how they keep everyone on the endless work hamster wheel, indebted to them for one's entire life.

They also want Average Joe to lose all ability to take care of himself, lose the ability to rely on himself to produce food, energy, clothing, routine maintenance, maintain his health, etc. so that he is always and constantly reliant on the state and the rest of society to help him live. More debt slavery to the external.

Moral: Eliminate your debts, pay off your house and cars, and store your excess wealth in bitcoin, land, some metals, rare art and collectables. Save and buy everything you need with cash. Never use credit for anything unless you have no other way, and pay it off almost immediately. And have a plan to run to the hills or another country with the majority of your wealth intact, should things get really bad where you live.

Before the clink.



After ten months in the clink.



If he does go to the clink even a few years will be tough on his waistline. Look at what a mere ten months did to it (and his jowls).

Do you hear me make dystopian predictions?  And look, the confusion in BTC universe is also driven by greed... . It 's the nature of the beast, no matter the evironment.

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

I fully follow R0ach and Torque in their view. And don 't forget that we will have to see how the new Asian Mom and Pop investors(gamblers) will react. Two years ago they were lured into buying stawks and had a very cold shower for that... . Now they stepped in BTC (at ATH) so I can see something coming from the far east... .

70 percent in gold, 20 in BTC, 10 in cash.

100 USD swings in price are nothing, I don't know why people get excited at such changes.
We will see what happens after August 1st, I'm hoping for a huge break upwards but concerned the opposite might happen. 

very interesting your ideas.

From what I see it recovered over 100$ (close to 140$) in some 7h, at least on Bitstamp.



The funny thing is that this means nothing. A lot can (and will) happen in the next 30 days.

If that's the only improvement of bitcoin over metals, I'd say that's a pretty good property: the ability to dump them fast, almost anywhere in the world, and bringing them with you across international borders if you have to travel.

shocking roach doesnt mention the gold price...

and what an opportunity it could be..

r0ach, I may not agree with everything you posit, but this post is pretty much in line with what I have observed as well. There have been multiple attempts to undermine Bitcoin this year, whether it has been the undermine-confidence attacks from the BU/Roger Ver/Jihan Wu/Craig Wright crowd, or the divide-dilute-and-conquer attacks with the "shitcoin flippening" this year. Pumping ETH and ICOs has been the most insidious and ridiculous thing I've ever seen. And of course it worked on some of the weak-minded, because they are sheep driven only by greed, and not by critical thinking and common sense.

All of it has been by design by nefarious actors that want a) more control of the crypto ecosystem b) to win over hearts and minds of the users, and c) extract the most money through more control.

This is dangerous and Bitcoiners should be ever more vigilant in pushing back against these attacks.

Well that is your opinion and your prerogative about Bitcoin. I happen to not agree, I don't believe that Bitcoin is trying to 'out do' or compete directly with metals. It's just a different form of the same type of thing, a digital fallback or out against the corruption of the global fiat regime. I still see Bitcoin and metals as complimentary.

Incidentally though, I did see an interim top around ~$2700, and after 4 patient years of holding and waiting to take some advantage, I bought some metals too. Especially now when the banking cabal is trying to squash metals into the ground so that Average Joes have apathy toward metals, and even long time bugs are exhausted and starting to give up on them.

But if I didn't have either one, I'd buy some bitcoin first. I still believe that long term Bitcoin will outperform metals by a large degree. The world is digital and interconnected now, and I don't see that ever changing.

I feel that the global ruling elite are starting to get desperate, and when the inevitable crash and global reset finally comes, they don't want anyone other than themselves (the top 1%) to have any true wealth as a backstop for the reset, only debt. That way they can start the game all over again with themselves at the top and once again in control.

Looks like this was only the weekend dump delayed. Price should be above $2400 in hours and near or above $2500 in few days.

Keep trading and wait the next dump.

But ... if we look closer :

What do we reckon..... 5 years in the clink or a $4000 fine ??  

Nobody is going to prison fuck him   hmmmm unless maybe a sumo...

 

https://twitter.com/The_K_meister/status/884648706372448256
 Kolin Burges‏ @The_K_meister 5h5 hours ago

Karpeles admits operating Willy bot, now called an "obligation exchange", but says it was for good of company so not illegal #KarpelesTrial

Indeed. The good part of a longer bear market is the chance of getting more BTC.

I have absolutely no idea how down I am, and I do not care. The Bitcoin price holding over $2000 is pretty great.

But someone told me that unnamed coin is the future

The only truth right now: Bitcoin is the only coin with any actual fundamentals and widespread adoption. The rest are purely speculative or scams.

Only problem is with the alts retracing to around their May values, BTC seems fine IMO