Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28173. (Read 26710624 times)

Im doing a special deal on shorts right now. buy one, and get one free!

I agree with you here.   However, you said the exact opposite a few times when you were being the cocky rendition of yourself.... I personally prefer the more reasonable version... but I am just one person... 

Pff right now I have to keep on shortin the market ....

That small correction was a 200-day EMA support test.





Right now 200 EMA is at 534, so after breaking it we'll test its support.

First, that was nixon that condemned the dollar with deconnecting it from gold. He couldn t do otherwise because they had printed so many dollars that they couldn t reimbourse country that wanted to have gold for dollar.

Second, Greenspan was doing what bankers ask from him. that s why they put him here. Bernanke wasn t a greenspan v2! He is one of the people who had the best studied the 1929 crises and the united states have already decided to give a try to free money. Again he did what bankers asked him to do.

Third, ultra liberal doesn t mean to give all power to bankers. It s all about what people choose as a whole. We have to let the invisible hand of the market adjust absurd situations. (4 times more dollar since 2008 is just grotesk)

This would mean ATH in October?

Rather to world's economy growth levels. (Minus bitcoin inflation).

repost of my own chart reflecting the uptrend after the downtrend in the summer of 2013
if we follow it exactly, we will see a small correction from 540 to 440 USD, very soon!

Explanation

Stop dreaming. The current powers of the west haven't even made bitcoin illegal, what they could do in a blink of an eye. They just don't care about bitcoin, because it poses no threat as an competative currency. Because of the same reasons that every merchant needs BitPay, the powers see bitcoin only as a gimmick that acts as a way to transfer USD around.

China and Russia banned bitcoin because most of the bitcoins are owned be westerners, and if the Chinese or Russian people would start pumping bitcoin, then it would mean that money is flowing out from China or Russia and into the pockets of the west. The western powers are pretty happy with bitcoin because of that same reason.


Haha, the only one that would get rich with this move would be you and all the others who own the existing 12,5mil. bitcoins. But that's what this is all about, isn't it. About wealth redistribution. About you and your buddy goat buying more manors and lamborghinis and finding some schmucks who would pay for them
How do you imagine this adoption taking place? A country just exchanging their fiat, together with their national wealth to bitcoin? So that artificial deficit could be created, with driving the price up 1000000000% and with actually only changing about 2% of total bitcoins to the wealth of that country? And so the rest who own the 98% and who didn't sell, will actually be the new owners of that countries national wealth?

I wonder if you actually believe the things that you are talking about. At first I thought that you are a cunning liar and a manipulator. But after getting to know you a little better, I think that you could actually believe things like "a country would be insanely rich if it would adopt bitcoin!!"  


A quality currency keeps it's value relatively stable to the things that are most valueable to everyday life and thats value can be best predicted because of predictable availability and regulations.
The main thing that drives the value of money today are fossil fuels, because these are the most important resources that everything else depends on. Fossil fuels dictate how cheap is production, that in turn dictates the available supply, that in turn decides how rare are goods and how expencive they are to you.
When the currency is strongly tied to fossil fuels, then it keeps relative stability to practicly everything else. Of course some things sometimes get cheaper and more expencive because of different reasons and of course there is no absolute stability. But there is the 1% of change anually, that the better quality fiats can offer, and there is the 10000% change anually, that bitcoin can offer. So, bitcoins fixed coin supply is a joke compared to the regulated flow that is in correlation to the most important resources.

Bitcoin will never be stable, even with growth. Only thing happens is that the players will get bigger. today we have whales that are battling eachother with manipulation, but in the future we would have megacorporations and countries that would battle eachother with manipulation and attempts to screw with eachothers efficency.


Haha, if there would be only one global enemy to the sovereignty of countries, then that would be greed. And by the looks of it, you are it's employ a lot more then I am
I don't actually work nor I have ever worked in a financial institution. I just have the talent to pick up things quick and even better talent to distinguish BS from the truth.

I agree that the banking sector is over privileged and over rewarded and it should be fixed. But fixing it with bitcoin would be like curing your minor headache with putting a grenade in your mouth and pulling the pin.
The answer is actually in the hands of the people, who should take better care of electing their public leaders. Because the public leaders have the power to set things right, but as long as people only spend 1minute a year, learning about their electee, then you can be sure that only hypocrytical crooks win the position of power.
People tend to whine about the government, but when you ask them on how much time did they actually spend a year to make sure that better people would be in place, then all of the sudden they'll be quiet.
If this generation lacks of one important virtue, then it would be the lack of responsibility. No one wants to take responsibility for anything and everyone just want to whine and act like they're powerless.


Actually the dollar was still pretty strong in the 70s. It was in the 80s where the dollar started losing strength, especially with coming of "the rock star" Greenspan.
It's funny how most of the critics of the dollar are actually ultra-liberal who like the ideas of maximum freedom in markets and the private sector in general. While it was exactly that thing that started to weaken the dollar. Greenspan was the type of guy who really wanted for people to like him. He set the rules that dictated low interest rates and low regulations, where the private sector didn't have much responsibility anymore. Take as many risks as you want and do it however you want, and if things won't work out then there will be a bail-out. It's not hard to see why Greenspan was very popular among the private sector and was considered as the man of the people during the height of his reign His ultra-liberal views presumed, that people are generally decent at heart and wouldn't exploit the freedom that is given to them. It's funny because most of the bitcoin enthusiasts here share the same ultra-liberal world view, while being critics of the Fed at the same time After Greenspan there came Bernanke and he was just Greenspan vol.2, having no balls or vision to do anything differently.
Most of the regular folks who read a lot of conspiracy theory books, think that those in power are these evil geniuses with complex plans. The joke is that actually most of them are just schmucks with avarage intelligence and who got their power or money through inheritance. The main thing that they work on, is the act that they actually have a clue on what they're doing. And most of them actually like those conspiracy books that make them sound like scary evil geniuses It's like the same with Freemasons, the biggest secret they have is that actually there is no secret All smoke and mirrors, so people would stay humble and submissive.


Haha, if you buy something with bitcoin, from a merchant that uses BitPay, then you are just converting your BTC to USD at bitpay and not in the exchange before. To this date I have only met one store that accepts bitcoin directly, without the support of bitpay.
If you are serious on the question "Why should I need fiat?", then try to do business or even just live your everyday life with only using bitcoin and only with merchants that don't use bitpay. Because bitpay is dependant on fiat, and why would you need fiat, right?
And yes, it could be possible if it would be a really small company, that doesn't have to pay different kinds of bills, pay employees, buy different kind of appliances, send out invoices, make future estimates etc. But even then it would be harder then to use fiat instead.


I agree with you there. Technology always wins, but that's the same reason why bitcoin won't win. It's just not a good enough technology to be a quality currency. Sure there probably will be transparent open-sourced currencies in the future that can actually be considered as quality currencies. I myself also believe in this idea. But bitcoin itself has too many fundamental flaws for it do be developed into an quality currency.

easy trip up to 550. nothing in the way.

huobi lead and looks to be turning now.

Do you guys want to see how nice does it looks like on our Polish exchanges:

example from BitMarket.pl:




I can use one word "bounce".

Ah. The beauty of zero-fee trading and plenty of market making algorithmic bots to add liquidity. Some day a US based bitcoin exchange may get a clue.

the log trendline is at 550. That s the last one

3330 for huobi

PBOC guys laughing counting their profits.

3300 soon? 

BFFL!

we wouldn't march on up if those coins weren't sold so "cheep". he took one for the team