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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9562. (Read 26609075 times)

legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...
I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.


Agree again, since they (CB) got lots of gold, and no bitcoin.
However, I subscribe to Jim Rogers notion that when stocks would get smashed, gold would decline as well (temporarily), albeit it could rally 10% more first.
Eventually, SDRs would probably be based on precious metal basket (or just gold) plus, hopefully, bitcoin (once CB get some).

Methinks that your vision of 'monetary armageddon' is considerably tamer than is mine.
legendary
Activity: 3892
Merit: 4331
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...
I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.


Agree again, since they (CB) got lots of gold, and no bitcoin.
However, I subscribe to Jim Rogers notion that when stocks would get smashed, gold would decline as well (temporarily), albeit it could rally 10% more first.
Eventually, SDRs would probably be based on precious metal basket (or just gold) plus, hopefully, bitcoin (once CB get some).
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.

Well I guess I can unignore JJG now
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
19 degrees and at my GF parents house.... jumping in their swimming pond, NUTS freezing as we speak Roll Eyes

hero member
Activity: 994
Merit: 707
Bad news.

After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k.


I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100.

Any post starting with "bad news" smells like FUD to me. Recently both mindrust and lambie are posting their predictions based on nothing (I recall a better expression, but I don't want to be rude because I really liked these guys at first). It looks like they are trying to influence the others with their repetetive 4900 resp. 7000-8000 claims. Guys, you are very new to the Bitcoin world. The market punished you for 6 months, now you are hoping to catch back what was missed. It is better to be honest and not lie to us. Learn your lessons, invest regularly and don't try to cheat the market, it will bite you. Leave the trade and FUD trolling to the pro's.  Don't go to the dark side!  Grin

By the end of 2014 I had sold all other investments and after setting aside a large chunk for cap gains taxes I was 100 percent in Bitcoin.


Cool story and time-wise very similar to mine, albeit I did not liquidate all fiat: left retirement portfolio intact (mainly due to penalties), but decreased my regular brokerage accounts 80% (at the time) since I did not want to borrow money.
You have to sell fiat to buy corn, right?
I don't think poorly of short term (or even long term) bears as long as their opinion is rational, like yours.
Hopefully, long term is up, but fluctuations are to be expected.
Stock market, on the other hand, is behaving in bipolar fashion.
I am mostly out into short term bonds (before the rate cut as I was expecting a plunge) since I can handle just one asset class with super high volatility, not two or three.

Nice to hear your story as well. I wonder if you had the same feeling I had in 14. I would sit back sometimes in surreal awe at how magic internet money had caused me to make such extreme financial moves and dominate many of my waking and sleeping thoughts.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...

r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.

I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term.

As far as interest rates? Repudiated debt does not carry interest.
legendary
Activity: 3276
Merit: 2442
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
As far as reset itself is concerned, the question is how it might happen and would it affect those pernicious negative rates?



Nothing a world war wouldn't solve.

Kill a few hundred millions of people and watch how high interest rates will go.

This looks like sarcasm to you probably but it isn't. This ends only one way. War.
legendary
Activity: 3892
Merit: 4331
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
As far as reset itself is concerned, the question is how it might happen and would it affect those pernicious negative rates?

legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.

Just glad to see you post again Cheesy

Oh shit mic, I just remembered your BAKKT game. They are confirmed as commencing trading 23rd September. Your BAKKT thread will finally have a winner soon Cheesy

I thought you were safe there & would never have to pay anybody out as I didn’t think they’d ever get the approvals/license.

Edit - I found the thread. You said the 17th day AFTER they open -

https://bitcointalksearch.org/topic/new-bakkt-game-5083242

I never was safe Smiley there is always a closing date/moment and with BAKKT was end 2019 always payday Roll Eyes
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
I start to think that 2020 halving is going to be really important for Bitcoin.
If the SF model is right predicting the price then we will see  a spectacular adoption and price acceleration (more people upfronting the following 8x 2024 halving price improvement).
Otherwise, well, last cryptowinter will be remembered like a small selloff.



https://twitter.com/100trillionUSD/status/1162430634872233986
Quote
#bitcoin price is above AND below stock to flow model value every single year. 2020-2021 will be the ultimate test for the S2F hypothesis 🚀




Of course , Fillippone knows which of the two scenario will be realised....
legendary
Activity: 3276
Merit: 2442
Once you get to the filthy rich level, girls will come as a side gift for free.

I can't imagine myself paying for girls especially after getting rich.  Cool

Girls will do anything just to take those instagram photos.
copper member
Activity: 2898
Merit: 1465
Clueless!
Where is your sidekick ibian? He is not around for a while is he? I don't remember seeing him lately.

He always disappears during "sailing season".

That bastard. Without us.



Ill get one too when I become rich.

I'm pretty sure the two hot women at the end of the boat picture, would cost a lot more to maintain than buying/upkeep on the boat!

Just saying. Smiley

Oh, re-read, you meant the boat, silly me.

My own fantasies got in the way of your boat purchase fantasy.

My bad. Smiley

Brad




It depends on which country those hot girls are, better pick the girls from your local and if you want to cut the maintenance cost for girls then marry them. Cheesy

I suppose. I'm in the Midwest, so to save space I could get a local girl that would take up the same room as both girls on the boat together. Nah!

Two or None! Is my new motto!

(I should make a flag)

Brad
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia


Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
hero member
Activity: 994
Merit: 707
Its strangely quiet around here.  JJG took a day off  Shocked, Roach not enlightening us with rare never before seen knowledge about metals, centralization designs, and pyramids.  



I did stop with quoting the troll Roll Eyes

But indeed with a small drop no r0ach ....... that is strange

He is secretly in love w your woman. If you dont quote him it bothers him lol Cheesy
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.

As long as you don't make a move to merge the two personas, I'm good.
copper member
Activity: 2898
Merit: 1465
Clueless!
Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.

Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.

Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...

Bah. Someone hold me. No homo.


Tune the fuck out.  You don't seem to be able to handle it anyhow.  These are normal BTC price movements, including 20%, 30% and sometimes even 50% corrections during a bull market, and you keep wanting to panic from these kinds of normal BTC price movements.

Yeah, Bob chill out man. You’ve been through a couple of bitcoin cycles now so you know what to expect. I’m the same, I panic sometimes but look at the bigger picture. You’re already independently wealthy, I can promise you that you’ll be a lot richer at the end of 2021. Everything before then is just noise. The halvening will do what it always does - Limit the supply & with increased demand comes higher prices.

Moon by the end of 2021!

Smile!

My mental 'safety net' price on Bitcoin is $11,111.12 (do the math, you can figure it out) Smiley

All it has to do is stay above that price, and I'm golden.

Sorry, all this crypto is MY beanie baby/fantasy coin, thus the above shall be at that price. I have so sworn!



(Sorry, occasionally, I snap and Bitcoin is all about 'me') Smiley

Brad


legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.

Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.

Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...

Bah. Someone hold me. No homo.


Tune the fuck out.  You don't seem to be able to handle it anyhow.  These are normal BTC price movements, including 20%, 30% and sometimes even 50% corrections during a bull market, and you keep wanting to panic from these kinds of normal BTC price movements.

Yeah, Bob chill out man. You’ve been through a couple of bitcoin cycles now so you know what to expect. I’m the same, I panic sometimes but look at the bigger picture. You’re already independently wealthy, I can promise you that you’ll be a lot richer at the end of 2021. Everything before then is just noise. The halvening will do what it always does - Limit the supply & with increased demand comes higher prices.

Moon by the end of 2021!

Smile!
copper member
Activity: 2898
Merit: 1465
Clueless!
Where is your sidekick ibian? He is not around for a while is he? I don't remember seeing him lately.

He always disappears during "sailing season".

That bastard. Without us.



Ill get one too when I become rich.

I'm pretty sure the two hot women at the end of the boat picture, would cost a lot more to maintain than buying/upkeep on the boat!

Just saying. Smiley

Oh, re-read, you meant the boat, silly me.

My own fantasies got in the way of your boat purchase fantasy.

My bad. Smiley

Brad



legendary
Activity: 1891
Merit: 3096
All good things to those who wait
Seeing the article on CoinDesk about Bakkt reminded me of my magnr.com, where I use to speculate on margin about half a decade ago. Anyway, I went to the site and they seem to gone except some splash page and a broken link for previous customers.

Anyway, I tried googling them for more information about their demise(?), but cant find anything informative. Figured the best place to ask is here amongst my fellow speculators. Does anyone know what happened to them? Do they have a new site?  Huh

The article was updated here:
https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month
See also their official announcement:
https://medium.com/bakkt-blog/cleared-to-launch-8dfc3e6f9ed0
newbie
Activity: 2
Merit: 0
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