Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23699. (Read 26713133 times)
January 08, 2015, 09:00:01 PM
January 08, 2015, 08:58:49 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...
Until a bond market revolt. Then it's either a deflationary depression that will make the 1930s look like the good ol' days or (more likely) a hyper-inflationary mega recession that ends with a failed currency. One of these two things has to happen eventually (barring the discovery of cold fusion or some other miracle tech), and it's impossible to hedge against them both. It's death by fire or ice. International trade will have to be done very creatively if at all.
At the end of the day if things get as bad as all the BTC fan-boys hope it gets concerning other currencies...BTC and everyone other currency will be worthless.
The most valuable things will be food, water, shelter and bullets.
Absolutely correct.
January 08, 2015, 08:56:55 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...
Until a bond market revolt. Then it's either a deflationary depression that will make the 1930s look like the good ol' days or (more likely) a hyper-inflationary mega recession that ends with a failed currency. One of these two things has to happen eventually (barring the discovery of cold fusion or some other miracle tech), and it's impossible to hedge against them both. It's death by fire or ice. International trade will have to be done very creatively if at all.
At the end of the day if things get as bad as all the BTC fan-boys hope it gets concerning other currencies...BTC and everyone other currency will be worthless.
The most valuable things will be food, water, shelter and bullets.
January 08, 2015, 08:44:27 PM
January 08, 2015, 08:34:31 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...
Until a bond market revolt. Then it's either a deflationary depression that will make the 1930s look like the good ol' days or (more likely) a hyper-inflationary mega recession that ends with a failed currency. One of these two things has to happen eventually (barring the discovery of cold fusion or some other miracle tech), and it's impossible to hedge against them both. It's death by fire or ice. International trade will have to be done very creatively if at all.
January 08, 2015, 08:27:39 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...
January 08, 2015, 08:21:33 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
Speaking of Russians, the $255 bottom was actually a true double bottom in Rubles (higher low on higher volume). Russia has the potential to be the next Cypress on steroids.
January 08, 2015, 08:21:08 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military,
it has the rule of law
it has a crap ton of food
and it has a strong, dynamic and growing economy
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
Just my 20 Beanie Babies
January 08, 2015, 08:00:02 PM
January 08, 2015, 07:58:55 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
January 08, 2015, 07:49:30 PM
Bitfinex will destroy Bitcoin.
Why, what do you think's wrong with the exchange?
Why? Because the traders won't stop dumping and taking the price down till Bitcoin is worthless.
Nobody there believes in Bitcoin. It could be anything. Candy bars or teddy bears. They're just milking it while they still can while running it into the ground. As i said before it will be over before the end of 2015.
If you believe in Bitcoin and are trading at the same time then you're a total idiot.
Yes, but what's wrong with Bitfinex in particular that will destroy bitcoin. Traders can dump and take the price down on any exchange.
January 08, 2015, 07:42:39 PM
Bitfinex will destroy Bitcoin.
Why, what do you think's wrong with the exchange?
Why? Because the traders won't stop dumping and taking the price down till Bitcoin is worthless.
Nobody there believes in Bitcoin. It could be anything. Candy bars or teddy bears. They're just milking it while they still can while running it into the ground. As i said before it will be over before the end of 2015.
If you believe in Bitcoin and are trading at the same time then you're a total idiot.
January 08, 2015, 07:39:53 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
January 08, 2015, 07:36:44 PM
Incredibile, questo professore conosce sia l'italiano che il francese!
Le Monsieur! Il est plein de ressources! Je suis surpris!
Bravo! :-D
Le Monsieur! Il est plein de ressources! Je suis surpris!
Bravo! :-D
Thanks! But I can only read French, not speak it.
My parents were from Veneto and I spoke Venetian at home as a kid.
I learned Portuguese at school, Italian and Spanish starting at 10 or so,
from magazines that my parents bought. Some French a bit later.
Then English at school and from reading technical stuff.
That's about it.
January 08, 2015, 07:27:29 PM
Yep. It's going downhill quick.
January 08, 2015, 07:20:09 PM
Welp time to put on some music.
January 08, 2015, 07:18:44 PM
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
January 08, 2015, 07:14:12 PM
I see we are back to Brokeback Mountain? No wonder I felt the need to scratch.
January 08, 2015, 07:12:50 PM
uh oh heading for low 200s high 100s!
January 08, 2015, 07:10:50 PM
Bitfinex will destroy Bitcoin.
That's an overstatement, but it just took the bearish lead.
It's the leveraged short capital of Bitcoinlandia!
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