Looks like I was a day early on my Thursday mega crash prediction.
Sure, I think people will love their fiat being stuck on Gox with no way out.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32624. (Read 26619957 times)
September 06, 2013, 02:16:14 PM
Sure, I think people will love their fiat being stuck on Gox with no way out.
September 06, 2013, 02:15:24 PM
US inflation rates have become much stabler over the past twenty years. Possibly due to the neoclassical economists winning out over the Keynesians.
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Though I wouldn't be surprised to see a series of price shocks in the future due to resource shortages.
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Though I wouldn't be surprised to see a series of price shocks in the future due to resource shortages.
September 06, 2013, 02:13:33 PM
And 125 is broken....
September 06, 2013, 02:08:48 PM
Looks like I was a day early on my Thursday mega crash prediction.
September 06, 2013, 02:03:11 PM
They are not working to solve the underlying problems of our monetary system at all, they don't even recognize how unsustainable our consumption driven economy that depends on infinite growth really is. And how the absolute power of banks to create money out of nothing and lend it out at interest turns us all into a bunch of debt slaves. Really, people need to be educated about how we're being royally screwed here. Nobody (in a position of power) is working to solve these problems at all, they just want to make you think that way while they keep rigging the system.
But usury is not a problem; it's the goal. The question is whether the powers that be can maintain the system. The answer is: they can. 
We'll see whether they can. They almost lost control of the situation in 2008, which caused many people to go out and educate themselves on what the fuck just happened. I'm pretty sure bitcoin wouldn't have been so successful without these screw ups, I probably wouldn't have been here either. I think it will become harder and harder for the powers that be to maintain the current system, especially as things get worse and worse.
September 06, 2013, 02:02:09 PM
September 06, 2013, 01:28:29 PM
take your BTC profits
Wha...?
BTC profits?
OR
USD profits?
BTC profits... its rare, if you see it take it!
September 06, 2013, 01:16:45 PM
They are not working to solve the underlying problems of our monetary system at all, they don't even recognize how unsustainable our consumption driven economy that depends on infinite growth really is. And how the absolute power of banks to create money out of nothing and lend it out at interest turns us all into a bunch of debt slaves. Really, people need to be educated about how we're being royally screwed here. Nobody (in a position of power) is working to solve these problems at all, they just want to make you think that way while they keep rigging the system.
But usury is not a problem; it's the goal. The question is whether the powers that be can maintain the system. The answer is: they can. September 06, 2013, 01:14:35 PM
take your BTC profits
September 06, 2013, 01:08:40 PM
Selling 133 doesnt feel quite so bad anymore... but, I think this is going to go nowhere.
Regardless, bids around 121.5!
I hope for the best.. Meaning whats best for me. Fall to 121.5X and then super-whale brings us up to 150
Regardless, bids around 121.5!
I hope for the best.. Meaning whats best for me. Fall to 121.5X and then super-whale brings us up to 150
September 06, 2013, 01:02:09 PM
September 06, 2013, 01:01:59 PM
September 06, 2013, 01:01:22 PM
I smell an incoming crash... 
September 06, 2013, 12:57:30 PM
Hey guise, this is all OT
So, let's get back to observing the WALLS—m'kaay?
So, let's get back to observing the WALLS—m'kaay?
Show us a wall and we'll stare at it... Looks like an old slow river valley, not so much a canyon.
September 06, 2013, 12:55:25 PM
Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
*raises hand*
The world economy is not likely to collapse. There are a lot of problems, but there are a lot of people working on them as well. Bitcoin is a great solution to quite a number of things. Its a great way to make money, have fun, and do good.
They are not working to solve the underlying problems of our monetary system at all, they don't even recognize how unsustainable our consumption driven economy that depends on infinite growth really is. And how the absolute power of banks to create money out of nothing and lend it out at interest turns us all into a bunch of debt slaves. Really, people need to be educated about how we're being royally screwed here. Nobody (in a position of power) is working to solve these problems at all, they just want to make you think that way while they keep rigging the system.
To disambiguate...By a lot of people working on it, (with respect to the monetary systemic problems) I meant you, me, and the rest of us here... not so much "they", the following sentence was the punch line for that.
September 06, 2013, 12:43:40 PM
But the lizard thing is fundamental to the space jews plan to recalcify our precious bodily fluids!
September 06, 2013, 12:42:59 PM
Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
*raises hand*
The world economy is not likely to collapse. There are a lot of problems, but there are a lot of people working on them as well. Bitcoin is a great solution to quite a number of things. Its a great way to make money, have fun, and do good.
They are not working to solve the underlying problems of our monetary system at all, they don't even recognize how unsustainable our consumption driven economy that depends on infinite growth really is. And how the absolute power of banks to create money out of nothing and lend it out at interest turns us all into a bunch of debt slaves. Really, people need to be educated about how we're being royally screwed here. Nobody (in a position of power) is working to solve these problems at all, they just want to make you think that way while they keep rigging the system.
September 06, 2013, 12:37:44 PM
Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
*raises hand*
The world economy is not likely to collapse. There are a lot of problems, but there are a lot of people working on them as well. Bitcoin is a great solution to quite a number of things. Its a great way to make money, have fun, and do good.
The chart does not show any hyper-inflation, just the inflation spikes we seem to have had every 30 or so years since the federal reserve started its games. Hyper-inflation is 50% inflation per month, a very different thing.
+1 (Without the lizard thing)
September 06, 2013, 12:27:35 PM
Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
*raises hand*
The world economy is not likely to collapse. There are a lot of problems, but there are a lot of people working on them as well. Bitcoin is a great solution to quite a number of things. Its a great way to make money, have fun, and do good.
The chart does not show any hyper-inflation, just the inflation spikes we seem to have had every 30 or so years since the federal reserve started its games. Hyper-inflation is 50% inflation per month, a very different thing.
September 06, 2013, 12:12:40 PM
*sigh*
Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
(raises hand)Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a space lizard being remote controlled by a geostationary Illuminati satellite?
People get pretty animated re "economic collapse!" on these forums. I guess I was the same way when I got into right-libertarian theory years ago. I now know not to underestimate this system's capability for sustaining the unsustainable. We're always on the brink around here, though!
Everyone running around talking about a bubble is a fool until the bubble breaks.
Of course there will be massive economic collapse... at some point. People who perpetually think we are on the brink -- sure, they'll be right, eventually. (shrug)
My position is plan accordingly, but don't plan on it happening anytime soon.
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