Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25672. (Read 26608188 times)
September 21, 2014, 06:28:58 AM
At least we have some cheap coins
September 21, 2014, 06:19:59 AM
It's a slow day today relative to the past few days, so just something to think about:
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
Pretty sure there is not a single instance in history where a government stops digging, and fixes what it has fucked. I mean why would they? The government is not some intelligent, powerful being.....it's a group of socio-paths who only care about their own powerbase. These types of problems can always be kicked down the road for the next guy, right up until they can't, and by then it is way to late.
September 21, 2014, 06:18:16 AM
It's a slow day today relative to the past few days, so just something to think about:
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
Jup, currency inflation is the best friend of debt. I wonder what the value of the dollar did in the last 50 years
September 21, 2014, 06:01:25 AM
September 21, 2014, 05:41:49 AM
September 21, 2014, 05:22:43 AM
It's a slow day today relative to the past few days, so just something to think about:
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is the Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is the Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
I am not sure if the US politicians are smart enough to seek the Bitcoin opportunity and I very hope that they don't anyway. Leave it to the people.
The New American Economic Miracle: https://www.youtube.com/watch?v=N7PpdYil-7Y
September 21, 2014, 05:15:25 AM
It's a slow day today relative to the past few days, so just something to think about:
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
September 21, 2014, 05:01:24 AM
September 21, 2014, 04:54:06 AM
September 21, 2014, 04:24:50 AM
If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
for those of us holding it don't matter much (at least if we mined it) but I see your point
as to myself I'm pretty much at the Max I can afford point ..will dribble some more in as I can till the end of the year..but still I can see the logic
behind the argument of selling some and getting some of investment back or the fact that we need new blood in here buying coin...I would but
friom a thanksgiving/xmas analogy with food "i'm stuffed full"
thus either we get more use from BTC from 3rd world for demand or we get more demand from new users etc due to price drop etc
or folks like me with the sickness of "holding' come around Jan 2015 are gonna have lots and lots of BTC (now it prob an't gonna be worth as much as today but still lots and lots)
frak
I should have my head examined
anyway from my odd point of view....I'm betting BTC will chug back up 'long term' but my long term is now in the realm of 4 or 5 years at worst to get to 1000 btc again
just to get past all the FUD/bad press and other crap from the last couple years
BTC needs to be seen as 1) useful 2) long term 3) and boring....esp boring.....like money or wire xfer is boring......it is needs to be dull and common place
like the 'paypal button' everyone knows what it does but does not think about it too much
again with all the above bad press /FUD and other misinformation..it may take a frigging bit to get this wagon up the hill so to speak
anyway my empire is up to 51.5 btc now...whoo whoo...so if BTC goes down another 50% I can pretty much state it will be at 103 btc at that point
(good to have a hobby being insane kool aid drinker probably qualifies)
September 21, 2014, 04:09:03 AM
If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Just a personal comment: I used to trade the way that you do. Be careful with the size of your trades and set your stops. I got hit 3 times with whale dumps out of the blue. You are trading on the short term patterns; whales see the same patterns, wait for the minnows to get positions, then drop you 20-30 USD with minnow sales as the extra fuel. 1 dump will wipe out your profits from 4 or 5 previous trades.
I'd also say, before careful with stops. Especially if you're trading on BTC-E or Bitfinex. Both those places, you see stop running all the time. That's those huge wicks -- people's stops being hit and cascading.
September 21, 2014, 04:01:25 AM
September 21, 2014, 03:46:20 AM
If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Just a personal comment: I used to trade the way that you do. Be careful with the size of your trades and set your stops. I got hit 3 times with whale dumps out of the blue. You are trading on the short term patterns; whales see the same patterns, wait for the minnows to get positions, then drop you 20-30 USD with minnow sales as the extra fuel. 1 dump will wipe out your profits from 4 or 5 previous trades.
September 21, 2014, 03:34:10 AM
380s on the non-BTC-e majors within the hour.
September 21, 2014, 03:26:19 AM
If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
September 21, 2014, 03:25:46 AM
Now that was a bounce 
September 21, 2014, 03:02:26 AM
I hope people took profits yesterday before the dip. Keep an eye on the alts (they generally are a leading indicator)... we're about to rally up another ten points... look at $409 as an area to take a profit if you are long and to reenter a short.
September 21, 2014, 03:01:24 AM
September 21, 2014, 02:47:53 AM
waiting for 300$... we really have to hit the real bottom before new pump
Now that bitcoin is dead what the fuck am I going to do all day?
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