Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19671. (Read 26607973 times)

The price has been very steady for a while now, a little too steady.

This usually means we're not too far away from a violent swing in price action.

 

Well, I'm glad I reiterated it, because that's how I interpreted it. I certainly don't wish to put words into your mouth. Let's see where I went wrong:

1) US Government is planning on tanking the US Dollar. Is this your belief?
2) Bitcoin is a tool they created in order to facilitate this goal. Is this your belief?
3) ... .gov decided to use [bitcoin] to extract vast sums via auction. Is this your belief?

thanks

I tried for years to find a way to keep my money in gold and spend it, the best I found were debit cards that you could use but you had to pay the company a monthly fee to hold and protect your gold. There was the guy that tried the $10 $20 Liberty dollar who would try to convince people to accept it in exchange for products. It was made of silver that was worth about half as much as it was being sold for. The government did not like him calling it a dollar and having a dollar value on it.

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

It's not difficult to grasp at all, but if you commoditize bitcoin AND blockspace, You're not going to get more revenue, just the same revenue from two different methods. It would be like auctioning off the Le Car and trying to charge a separate additional fee to the winning bidder to remove the car from the auction house.  You can charge the fee and collect it, but the winning bid will be lower by roughly the exact same amount.

I'm still just a puny hyoo-män. I get to ask dumb questions.

Demand went up before the marshal's last auction. Meaning...shortly there are no more disruptive bitcoin auctions we have to worry about and we can get back to not worrying about tens of millions of dollars worth of bitcoins being sold all at once.

*Last post in response, I'm here to discuss Bitcoin and ways to further its use.

How many PM transactions can your local pawn shop do an hour?

I'll let Chubby answer the tough ones.

Opt-in RBF.

A man walks into a bar...

https://www.reddit.com/r/Bitcoin/comments/3zju81/rbf_optin_a_man_walk_in_a_bar_order_a_coffe_drink/

Wait until you go legendary later this year, or the next. After that you have to answer incredibly difficult questions instead of dumb questions. Those are the rules.

I'd rather answer ten easy dumb questions than one incredibly difficult question that can't be answered without ten hours of frantic research.

Coin



Explanation

Nope, eur/usd is going down. That's all.

that is not what i said at all. now u are putting words in my mouth to make yourself feel more confident to buy more bitcoins... i don't care if you buy bitcoins... go buy more bitchcoins this morning... i own a bunch of them too... nothing crazy about seeing through their BS.. yeah demand suddenly went up during marshal's auction.. i believe ya.

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

omg

that would be so cool

^We should let him loose on Bruce Fenton.

Looks like Aztecs local pharmacy was closed for the holidays.

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

you can still use USD for amazon purchases. you act like we can't live without bitchcoin. what ?? i can save 10% using aflac ?? i mean bitchcoin ?? another hook to get you all into bitchcoin ?? i am not saying it wasnt a good innovative idea. what i am saying is that it is manipulated by the USA govy who has already failed manipulating the USD.  it doesnt matter how much bitchcoin is worth now, just as it doesnt matter how much your stock portfolio is worth now, if you end up losing money during the big block of cheese day. as long as you are sukd in then you will become a victim of their scheme.

they have you right where they want you atm. your thinking your PMS are a bad investment and that bitcoin is a good investment. they would love if you sold your PMS and bought bitcoin. because when the collapse occurs and the dollar is finally toast, then a reset can happen. the reset happens on the big block of cheese day when all usd in bank accounts is frozen and bank bail-ins start. the usd cash you have now will need to be turned into the new domestic dollar. this will happen automatically to your cash in the banks. all usd will lose about 70% purchasing power during the currency exchange. meanwhile, PMS will reset at multiples higher value. i am not sure what happens to bitcoin. it could die altogether. they suck people into a currency that they can devalue quickly. bitchcoin fits this well.

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

2. desperation for new user adoption.


they pumped it too early. now they have to go sideways above 400 for months. the halving is still six months away. if there is a new adoption frenzy buying it will happen closer to halving. it aint gonna matter cuz they can't get their 'sanctions' code in without the entire world knowing about it.

like Bill Holter said yesterday: there is no rational reason for why the fed raised rates.

something is up. we may be closing in on crunch time. some have speculated that the fed is pulling the plug on the usd.