Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9507. (Read 26611116 times)

Bitcoin chart dec 2018 right before it bottomed

1)  The gold to silver ratio chart highly favors silver

2)  Silver is the most artificially downward rigged commodity on the entire planet in the futures market and the goal is to buy low sell high
 
3)  There's something like 1/4th the amount of above ground silver now as during the 1980's metals bull run while there's twice as much above ground gold since then.  Hard to quantify the exact supply numbers, but they favor a massive silver spike moreso than gold in any type of 'free market'.

4)  To prevent silver from being depleted and disappearing like it's current trajectory, the price will eventually have to go to several hundred dollars an ounce to warrant recycling in things like electronics

5)  In any type of monetary metals revaluation, the west has a huge shortfall in gold with probably somewhere between 0 to 2000 tons only, so would likely attempt to buffer the gold shortfall with silver valued at a high ratio like 10-20:1 instead.

6)  All other things being equal, silver has better fundamentals than gold due to having more use cases.  Commodity money works under the context that if you hoard the entire supply, people somewhere actually need the commodity resource for something and you can ask whatever the market can bear.  Conversely, since Bitcoin is not a real commodity or resource, if you hoard all 21 million the entire planet can just laugh at you and you have no power over anyone or anything.

Hope they are good at acting surprised

https://cointelegraph.com/news/bitcoin-fixes-this-thousands-of-fake-gold-bars-dilute-market-supply

Of one of my close friends was waiting for $100, he is a total noob though but it was still funny to witness such naivety. Told him around $4000 that
 he should buy now, he didn't. Of course last month I received a Whatsapp message from him damn I should have bought

at $3500 a few months ago he was waiting for $1000

meanwhile there is a small sign of life, I see a tiny spike. will it grow to a massive green dildo?

Missed your chance for that I'm afraid.
Never mind though, you can buy @ $13500 & still be OK.

Not sure why you mention that price to be honest. It's too late for 3.5k.

if buy at $35OO will i be ok? haa

During the heavy dump from my experience the best decision is to dollar cost average your buy orders. Even in a bear market after the heavy dump it always makes a nice bounce up. In the bull market it's even easier.

Just curious, why silver and not gold?

Gold has been a better investment most of the time.

Depends. At 50k it's still worth buying if it soon goes to 100k. It's all relative, never forget that.

But it sucks for people who bought at 19k, I am sure a lot of them sold eventually to settle for a loss. Probably the big majority. It's hard to take decisions in these moments, it's hard not to get emotional. History shows that during heavy dump, the best decision is to do nothing.

Bitcoin  6 month return 170%
Silver   6 month return   17%
 
  Bitcoin outperformed silver x10

If she wrote "big boobs" it would have worked too (and she was not lying either).


And I can't see any Martian on the picture??

It's already too late for no-coiners.

Bitcoin is in a bull trend. People calling for a bull trap don't realize that it just cannot be in the 8 month long bull trap. If this was the case and bitcoin turns bearish on the longterm chart, it would be the first time in bitcoin history. So it's very unlikely. When no coiners realize that, it will be probably too late for them.

It's actually $5 billion, and whether he has it (or will have it) or not, he's on the hook for it. The judge said that Craig and Dave had bitcoins at one point, but that's as far as he would go commenting on the specifics. My thinking is that either the judge or Ira Kleiman himself is actually trying to force Craig into a position where he has to admit there are no coins because he is not Satoshi. That's the only way that Craig can wriggle out of this. He'll still be on the hook for the plaintiff's lawyers fees.


Judge also said he doesn't believe the Tulip Trust exists, or at least it didn't when Kleiman was still alive.

Yup foreigners 

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