Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23403.

NotLambchop

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Activity: 378

Merit: 254

Quote from: WeltMaster on January 18, 2015, 02:11:07 PM

Quote from: NotLambchop on January 18, 2015, 02:08:49 PM

My wealth keeps being stolen from me but it's okay because it's supposed to happen!

Nothing is being stolen. Nothing will be taken from you if you don't use the dollar for stuff it was never intended to do, like trying to use it as a permanent store of value.
You might as well bitch about the $ being a gyp because it makes a lousy pet.
It's not meant to be matress stuffing any more than it's meant to be a pet.
What level of lunacy am I up against here? Do you complain about milk being a ripoff because it doesn't last for years?

LittleDigger

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Activity: 462

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Quote from: NotLambchop on January 18, 2015, 02:08:49 PM

Quote from: Richy_T on January 18, 2015, 01:59:24 PM

Quote from: JorgeStolfi on January 18, 2015, 11:50:39 AM

Aren't you lucky that there is someone in this thread whom you can vent your frustration on when you see your investment do in 1 year what the dollar did in 100 years?

Glad to oblige.

PS. Only idiots keep their savings as currency. I wonder if it is genetic?

It's only taken the dollar about 50 years fwiw.

Richy, you simply don't understand how things work.
The dollar is a means of exchange, it is not intended to be a good store of value. Its value depreciates over time, just as it is meant to do.

Only the illiterate few stuff it in mattresses/jelly jars. the same sort of people who put unfinished food under their bed, and complain when it's not edible a year later.
How can this be so difficult to grasp?

And US Treasury Bonds are the safest investment, right?

http://www.bloomberg.com/news/2015-01-14/treasury-bond-yield-drops-to-record-as-oil-rout-damps-inflation.html
http://usawatchdog.com/fed-laundering-treasury-purchases-in-belgium-to-disguise-whats-happening-paul-craig-roberts/
http://www.globalresearch.ca/petrodollar-panic-china-signs-currency-swap-deal-with-qatar-and-canada/5413467

Richy_T

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: NotLambchop on January 18, 2015, 01:55:46 PM

@Ricchy_T: My trust wasn't misplaced--no one ever told me that the USD will not depreciate over time. My dollar has also never debased itself by 70% in the course of a year.
Your Bitcoin, OTOH... Someone promised me $30k coins by last Christmas. What happened Huh

Aren't we over 80% at this point? keep up.

What happened is greed and delusion and China.

Dump3er

hero member

Activity: 1526

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Quote from: NotLambchop on January 18, 2015, 01:55:46 PM

someone me $30k coins by last Christmas. What happened Huh

Dont you see how the whole dump since ~1150 USD forms a bull flag targeting to $30k? Huh

WeltMaster

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Activity: 437

Merit: 250

Quote from: NotLambchop on January 18, 2015, 02:08:49 PM

My wealth keeps being stolen from me but it's okay because it's supposed to happen!

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Richy_T on January 18, 2015, 01:59:24 PM

Quote from: JorgeStolfi on January 18, 2015, 11:50:39 AM

Aren't you lucky that there is someone in this thread whom you can vent your frustration on when you see your investment do in 1 year what the dollar did in 100 years?

Glad to oblige.

PS. Only idiots keep their savings as currency. I wonder if it is genetic?

It's only taken the dollar about 50 years fwiw.

Richy, you simply don't understand how things work.
The dollar is a means of exchange, it is not intended to be a good store of value. Its value depreciates over time, just as it is meant to do.

Only the illiterate/insane few stuff it in mattresses/jelly jars. The same sort of people who put unfinished food under their bed, and complain when it's not edible a year later.
How can this be so difficult to grasp?

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: JorgeStolfi on January 18, 2015, 11:50:39 AM

PS. Only idiots keep their savings as currency in a high inflation environment. I wonder if it is genetic?

There, FTFY.

If the government weren't running the presses and skewing the banking market, savings as investment would carry risk and keeping savings as currency would be a safe thing to do and in a mildly deflationary environment (such as the continual technological advancement one we occupy should be) would be advantageous and low risk (though one might choose to pay the bank to hold (not invest) one's currency).

Your unaltered statement points to the outright theft which governments are engaging in.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Bitstamp

Explanation

Richy_T

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Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: JorgeStolfi on January 18, 2015, 11:50:39 AM

Aren't you lucky that there is someone in this thread whom you can vent your frustration on when you see your investment do in 1 year what the dollar did in 100 years?

Glad to oblige.

PS. Only idiots keep their savings as currency. I wonder if it is genetic?

It's only taken the dollar about 50 years fwiw.

LittleDigger

sr. member

Activity: 462

Merit: 251

Quote from: Richy_T on January 18, 2015, 01:49:21 PM

Quote from: NotLambchop on January 18, 2015, 11:06:42 AM

Helps when the initial value is nothing (ZERO) Cheesy

Doesn't help when initial value is backed by something that is known to have worth which is later taken away with the promise "trust us" to the background sound of the printing presses being fired up.

Relax, Belgium is now buying all the Treasury Bonds that Russia is dumping, while China is moving to back it's currency with gold.. The petrodollar as a reserve currency is as secure as world peace....

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: LittleDigger on January 18, 2015, 01:43:34 PM

But then your SexCoin ain't really dead either. Though some things are better off dead Undecided

@Ricchy_T: My trust wasn't misplaced--no one ever told me that the USD will not depreciate over time. My dollar has also never debased itself by 70% in the course of a year.
Your Bitcoin, OTOH... Someone promised me $30k coins by last Christmas. What happened Huh

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: esse83 on January 18, 2015, 11:22:52 AM

Quote from: fonsie on January 18, 2015, 10:30:44 AM

Is there some fiattalk.org forum? Where we can go make fun of the bulltards, because their precious dollar lost 98% of value since 1913...

Average income in 1913: $400
Average income in 2010: $33,000

Perhaps that is relevant?

http://www.politifact.com/virginia/statements/2010/nov/24/virginia-tea-party-patriots/virginia-tea-party-says-dollar-has-lost-98-percent/

Fantastic. Now do that again for savings.

Afrikoin

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alan watts is all you need

Maybe this?

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: NotLambchop on January 18, 2015, 11:06:42 AM

Helps when the initial value is nothing (ZERO) Cheesy

Doesn't help when initial value is backed by something that is known to have worth which is later taken away with the promise "trust us" to the background sound of the printing presses being fired up.