Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18629. (Read 26709084 times)

Sideways for a day or even two is all good for me, gives me chance to accumulate  

Dafuq I see 20's everywhere??

Another good morning Bitcoinland.
 
I see we're right where we were when I went to bed last night. Even had an extra little rally up to $755 before the predictable correction/profit-taking.



We all knew there would be resistance at $750 and again at $760. One step at a time. Even if we go sideways for a day or 2, sideways at $740 is better than sideways at $680. On the other hand, we might just catch our breath and continue going back up past $750 and beyond.

On a note to my fellow Canadians, at one point we touched $970 this morning. We're getting so close to being back in 4 digits. Anyone planning a party?

Satoshi is dead mate. Sorry to crush your dreams

Wait on Satoshi s   800k  BTC dump

http://www.bitcoinrichlist.com/top100

Bitcoin Block Reward Halving Countdown:
Only 24 more days!

Reward drop ETA: Sun, 10 Jul 2016 09:45:32 GMT

Seems to be working...

My question is, since these are publicly traded companies, shouldn't they be audited for their operations and assets? I mean there has to be a balance sheet somewhere that shows what they have...

"Surge mitigation team"? Do you mean "traders" - all of you? Because that's what traders do is try to buy out highs and lows to make a profit which makes the highs less high and the lows less low so it evens out. As more professional traders enter the market and more robust trading tools including shorting, there is less volatility.

Ok. China's making another run at it.

lets see if the surge mitigation team are ready for them.

I just used my imagination. Can't be that far from the truth 

Firstly, are you an alt of JJG?
This shotgun approach, with vagaries and truisms like "too much debt," is really difficult to respond to.
Clearly, "too much debt" is too much, but how much debt is that?
Whose economy will you not be able to "spend [your] income into"?
You are also confusing bad systemically important financial institution bank debt with national debt.
Please weed out the truisms (because unenlightening) and, if you can't limit yourself to a bullet, at least choke down the birdshot. K?

But I *like* Hitler the US government. I came here from halfway around the world. That's why I fund it.

If I thought US government was Hitler, and I hated Hitler, I would be insane to vote for it and  fund it, and I would be literally the lowest of the low if, for a bagful of silver, I joined Waffen-SS worked for the military.

It would be good to know more about The Borg & friends. If you have any pointers I'd be much obliged.

Great screen name firstly.

Too much debt is basically the reason for all forms of crisis. Debt can be beneficial when assets for which you go into debt are rising or while your servicing costs are easily met, but when the tide turns.....

Now if I owe you money you may not kill me, but, lets say this debt is comparatively high, I will also not have the ability to spend my income into the economy. The is deflationary and on a society wide scale, not so good. Unless of course the asset to which I am in debt is rising

If I am a company and I have high debt, I need to be relying on cheap access to credit or a high income stream. In this case if my income stream declines (Hello energy sector) and I cannot roll over my obligations, then I cannot pay my debts and i am bankrupt.

If I am a systemically important financial institution and I leverage up my positions and the market moves against me (2008) then without sufficient liquidity or ability to call in lines of credit, I am insolvent (Hello Lehman, Hello Bear). If I am a better placed big financial institution then I may be assisted by the government and forced to de-lever / sell off over time in order to make myself less levered with assets which, if marked to market (does not exist anymore) would also render me insolvent. I may be able to pass off all my bad debts to the government, a transfer of private sector debt to the public sector (taxpayer, ultimately).

Now if I am a government and I have lots of debt it depends which government I am. If I can print my own currency and my dollar is a gloabl reserve, I can run up my debts very very high. But if I am a country that needs to access capital from foreign markets in order to function, a high debt level will make the price at which I can borrow higher as I am more of a risk. Further if i am a country that cannot print my own currency (Greece, Portugal, Spain, italy) then I am in a difficult situation indeed.

The most likely option to bail out a government is the IMF, via the SDR

Yep.

And now back to my usual ignoring of Lambie clones.

OK guys, you've proven Godwin's Law.

You vote for Hitler, you fund Hitler, you support Hitler, you troll people who are trying to change the system that put Hitler in place, then you complain about his jackboots. This is perfectly reasonable to you?

So let me get this straight, you're paid to be a jackbooted thug, you are a jackbooted thug, and this, somehow, will take down the US government?
How is this any different than trying to bankrupt Hitler by joining Waffen-SS? Or do you think that's perfectly reasonable too?
Help me out here, Black Führer of Harlem, explain this shit.

The pay certainly is great. The government loves throwing away money.

If only all of that money was being given to non-tax paying libertarians who are immediately converting it to bitcoins. They would be out of power in a year. Wars would end, jackbooted thugs would be out of jobs and we could move forward with a solid economy based around freedom.