Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9487. (Read 26630550 times)

split decision on the bottom....

Selling gold is indeed not a way to fix problems. I don't see any difference between selling gold and taking loans.

Some investments just you don't and shouldn't liquidate no matter what.

I believe bitcoin will also get there so, no matter how high it goes, I'll always have some to pass down to my family members and I expect them to pass them to their children. Of course this usually gets broken in the first round but if you manage it to last more than 2-3 generations, after that you'll have a family just as tough as Rothschilds. (don't expect to live long enough to see this)

Family is all that matters. Tywin Lannister tried to do the same but he got pwned in the first round by the dwarf son of his. Some shit bad luck for him. This happens to a lot of people. We are like those sardines in the ocean. Sharks, seals, marlins, tunas and then whales, all of them after us even the fucking seagulls. Every time our parents had a kid, they were born into this shitstorm and try to survive it.

Gotta get the 3rd beer from the fridge.

That gold is not Italian, as Italian Government. Is Italian as per Bank of Italy. An independent public institution held by major Italian Banks.
So yes, quite difficult for the Italian government to be back on possession of that gold. Not that is a big issue on the grand scheme of things : Only 100 billions (tops) versus the 2,400 billions of the Italian debt: peanuts. And of course when you are in posssession of that Gold I cannot see them dumping it on the market ( destroying price) to buy bitcoin. They would spend it. So better to keep things as now are.

Edit: this graph has no sense in my opinion
Italy has 2,450 tons of gold (71458330 Troy oz) this equates to 100 billions @1,500 usd oz (various sources confirm this calculations).
This should be roughly 10,000,000 bitcoins @10,000 btc usd.
Am I missing something?

At first i thought you quoted me    it's easy to miss out cuz of many posts in this thread.
But i gave you a merit anyway! Nice charts!

1/3 The #Bitcoin economic model continues to prove extremely robust.

With hashrate continuing to hit ATHs I have looked closer at the miner economic model with back-of-envelope checks.

Can you believe that Bitcoin has settled $7 Trillion in value over its lifetime!

via Imgflip Meme Generator


https://twitter.com/_checkmatey_/status/1167795371550085120?s=21

2/3 The security budget evolves through Bull and Bear cycles.

However for each Bear, the proportion by which fees make up the security subsidy has increased.

The 2018 bear average fee market equated to almost 5.5% of miner income and has almost hit 4.2% YTD in an early Bull.

via Imgflip Meme Generator
https://twitter.com/_checkmatey_/status/1167795377749278720?s=21

3/3 The economic density continues to increase with a security spend of:

- $500 Spend per $1 Transferred
- $70 Spend per $1 Saved (Realised)

Fees make up 3%+ of Daily Miner Revenue...

...Yet users on aggregate paid less than a 0.02% fee on the total Vol Tx.

Incredible Value.

via Imgflip Meme Generator

https://twitter.com/_checkmatey_/status/1167795386586685442?s=21

Personally i avoid trading during the weekends because there is a higher probability for a fakeout.

When it goes up it will be a swift run to $15k

Anyone here feels this Sunday is going to bring the price of bitcoin into over 10K again?

I feels yes, anyone got analysis for this weekend?

Rhythmtrader is JJG on twitter.
you change a valued gold used on almost any electronic device; Maybe on ASIC; with a virtual thing that could lose 100% of its valu on few weeks. Are you ok?

The term is "rehypothicated".

It's better that way, you see.

Thanks for the statement. Seems to me that journalism goes down a rather dark alley, lately.

I no longer qualify.



Semper Fi

Yes, i see BTC as the digital gold. Maybe all future e-currencies are valued against Bitcoin, why not?
Most people in my environment are dumb, they call BTC a hoax. My brother in law wanted to invest in Bitcoin when it was around $350, and his father talked him out of it, into some kind of fund-based asset (i don't know the english term for this). He called his father an idiot in 2017, of course, but the latter still thinks he was right. This is the second "nearly"-coiner i knew to date. The other one had Bitcoins, but only for Silkroad and the likes. He never held them longer than for some weeks.
When you even talk about Bitcoin here, you are suspect to criminal activity, money laundering or you are seen as a moron who wants to lose all his money. They think it's child play, regardless what the facts are, they always know better. This is normality where i live, i am the megageek. I'm skateboarding at age 40+, i'm living on passive income, so i got that "strange freak that does not go to work" image and most people are intimidated by my presence, excluding very few, close friends and family members.
My mother and my wife are the only persons that know that i got the corn. The average IQ in my neighborhood can't be much more than a weak 90 at max.
A guy like RealRoach would be a respected mayor candidate of the town i'm living in. Time went on, in other parts of my country, not so much where i made myself a home  

I think the US has double spent is gold and this figure is incorrect.

The Bitcoin Economic Model
https://twitter.com/_Checkmatey_/status/1167795371550085120

Data
https://coinmetrics.io/

FTFY
Now they don't know if they have any Gold or Tungsten.

FTFY
Now they don't know if they have any Gold or Tungsten.

It's tough though, when it's all in the form of irreplaceable cultural artifacts.

LoL Bitcoin reserved position India topper than European Central bank 

That's because the plan is to make a debth. So you can take away money from the citizens. If they sell gold the plan wouldn't work.