Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26516. (Read 26608023 times)

very nice graph this PE model
so there is no doubt the occidental system is approaching the end of its cycle. we had pax romana, then pax britania and currently pax america. what comes next? pax technologica? ^^

Indeed... but even if 25% of it goes the way he thinks...  hold onto your sanity... because it is going to be a wild ride!

(ha ha talking of his ego- one of his ambitions is to bring his father back to life...)

Check out all the jewelry and the broach Kurzweil is wearing, they are all DMLS 3D printed from shapeays.

I agree in part with what he says but his ego is eroding his authority.

How long will the Germans play? and by play I mean Pay.

It is often when sentiment is high...even too high that trouble is around the corner



That being said "about to" is a hard one to call...

But there is a fear of a domino effect... and the house of cards can only be propped up so long..  

My fear is with the information we have at the moment, and bearing in mind that the ECB does NOT have the money to bail out the Eurozone..
that it may seem like we can keep this all propped up at the moment, with the current data... I am worried about the event that comes out of nowhere and gives the house of cards that little nudge that it needs to begin to collapse... when it happens, because it is not if, but when.. then I fear ,  that the fear of contagion, would be enough to give it that second little push it needs to start to really bring the house down..

Point is I am not so sure of them foundations ... it would not even need a perfect storm at this point... just an excessive gust....

Where and when that comes who knows.... it could come out of the left field, and by that I mean the east.... and it maybe soon, and by soon I mean anytime from now to next few years...

But one thing is for sure... cycles and another thing is for sure... all that shit under the rug, is still there even though it is brushed out of sight...

Timewise who knows 100% , though that sentiment chart is interesting.

Does anyone else think this recent dip was caused by people getting bored of waiting for a rally?  I am sure there were many people who needed to sell coins at the start of July but were hesitant to do so in case the rally did actually happen.  Now that it has not happened, people have no qualms about selling Bitcoin for the fiat they need?

it's basically all about protecting france.

That's why I lean for a buy bump.  The retest looks too obvious.  I'm thinking a pull down halfway to 580 and then a small rocket up to 598  to set up a 600 skirmish.

The 580 seems bloody obvious. We are supported by a breeze of thin air as I type

Sunday Thoughts:

The 'system' is essentially chaotic and too complex to not have an infinite number of 'curve balls' coming at it - all the time.   It is also fragile.

However most of the power in the world has no interest in a huge systemic collapse, so in the short term it is unlikely to happen.

In the long term, you're right it cannot survive as it stands. Therefore it adapts, or catastrophically fails.

Currently it is a holed ship with each of the seamen being relied upon to patch the holes next to them, and if necessary calling for help from others from time to time.

However, it is not robust enough to survive the circumstances of an extreme storm and storms do (and will) hit from time to time.

Sure, Bitcoin will survive - but at the moment it still interfaces with fiat money systems (people buy and sell it with fiat) and works with existing ways of exchanging goods and services as a 'alternative and better' transfer of value system.   It does still need to grow alongside the system, though.  

In a total catastrophic collapse of the financial system, Bitcoin may not be ready to help.  However, if the ship sinks slowly and parts of it fail enough to reduce confidence in fiat money, but not all fail, this will be the ideal scenario (for Bitcoin).

We just need patience.   The ship is getting more and more holes - but we do not want it sinking entirely with all the sailors drowning, as we would go down with it.

I'm 100% with you regarding all this shit but I dont think it's about to hit the fan.

So  I'm thinking either a 20 point buy bump  or another 580 retest in the next 2 hours?  Which way?  I lean bump,  but it's hard to say.

Anyone watch the video?

Explanation

: )

This prediction would seem more probably if it were directed towards 2014.... Even I have my doubts about whales/manipulators being able to keep BTC prices as low as the prediction in 2014, but they would have a hell of a time keeping us from having a new ath - once BTC prices surpass $850.... which could happen this year.  ONce BTC prices get past 850, the new ATH is all over, and then we are likely to have BTC prices move into the $3k to $5k territory...

New ATH may NOT happen until 2015...  but it is certainly NOT out of the question for 2014, either...

+1 "The Force is strong in this one..."

Hmmm... you would hope so...  but I rather think that is still sooner than some think...to some degree the wheels are already in motion... just waiting for the chips to fall...

Can only kick that can down the road for so long...

Portugal
Italy
Greece
Spain

(and others in the Eurozone)

Are all in the shit.

So are Bulgaria

So are Argentina

and they are just the ones on the brink of the next wave of shit..

There are other even bigger problems brewing away underneath in several other places... (not to mention the US (and others) still seem to be on a debt suicide mission, with zero sign of changing course)

This cannot help long term confidence in the bond market.. there is already pressue on the bond markets in more ways than one..  one new big problem could lead to contagion and bingo it is systemic before you can say Bear Stearns.

Coupled with the QE scenarios , either QE to infinity nor tapering look that attractive

There is only so long that the can , can be kicked down the road... they are barely in control now... what happens if when fate throws a curve ball into the mix?

Longer than any of us think.

http://online.wsj.com/articles/portugal-mulls-banco-espirito-santo-recapitalization-1407078624?mod=WSJ_LatestHeadlines

in other news....

Huge timebombs just waiting to go off in more than one place atm...

How long can they plug the leaks?

How long until this is systemic?