Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9708. (Read 26610093 times)

Yesterday the #BankofChina posted up an article about #Bitcoin. They explained how $BTC works, why the price is going up, and why it’s valuable. Never thought I’d see that happen. 😅 #Bullish

https://twitter.com/excellion/status/1154985452127916032?s=21

In conclusion, "Australia is moving to zero interest rates for the first time in history." is FUD.

Thanks for clarifying.

Just like you really don't give any shits about what I think about litecoin, I don't give any shits about such topic.  

First of all, you already failed and refused to engage in genuine responses (rather than poo pooing like a typical troll/shill no coiner) regarding your previous quasi-irrelevant dumbass no coiner / bitcoin naysaying points that I already responded to.. and further,  this is not a thread to compare and contrast various shit coins.  Helrow?

But if you consider the one aspect of bitcoin that you proclaim to NOT accept or understand, you might want to look into network effects, but no, you claim to not understand or believe that such network effects are important in the discussion, instead you want to get caught up in distracting discussions about slight technical differences that may or may not exist and in the end don't even matter in the scheme of things.. because bitcoin is not broken, so you have to overcome that presumption of brokenness first, and you also have to show that your shitty ass project that you want to tout, whether litecoin or some other random project, whatever it is has sufficiently overcome whatever supposedly broken part of bitcoin that it is going to matter, instead of just being possibly absorbed into bitcoin as a tweak.

So, you have a decently goodly-sized burden to prove and to persuade your position if you want adoption within bitcoin to transition over to your project.  You understand that or just want to assert that I am speaking too abstractly for you and you would just prefer to get into the largely irrelevant technological weeds of nonsense?    

The dildo arrived.


Ok, Thx.


No matter if you are married or live together, it is best to share your life with a person who understands and pursues the same goals in life as you.


In my country the most used is > Schweppes Tonic Water.


Thx, Mic

---

5 figures

I have no hangover, I did my job

The perfect evening.

Good morning WO,s

Don’t listen to me. Listen to the head of the Australian Central Bank.   Currently rates are 1% and heading lower for longer.  The market has already priced in a move down to 0.5%.  

https://www.abc.net.au/radio/programs/pm/inflation-problem-not-going-away-so-rate-lower-for-longer-rba/11347472

Of course A is not equal to B, but they do share similarities in protocol design and proposed use/implementation.

I'd be very interested to hear your take on the differences between litecoin and bitcoin, jiggy.

I know bitcoin, and you, litecoin are no bitcoin.  

That would be hilarious.


From Investopedia:

The Basel III regulations are designed to reduce damage to the economy by banks that take on excess risk.


Isn't this already happening?

I'm not sure an actual deflationary crash will even be allowed to happen like 2008.  If a liquidity event occurs, they might just shut down markets, revalue metals by an obscene amount to re-capitalize the system, then re-open again the next day.  What other reason would Basil III ruling exist?  But they'll probably just keep trying to print more and more money and blow up the system through hyperinflation instead solely to avoid doing any metals revaluation even though debt monetization will automatically cause that to happen anyway.

Source? This looks to be BLATANT FUD.


I personally find litecoin to be quite an interesting project; it appears to be almost identical to bitcoin, with the exception of developers pushing the envelope with regard to technological innovation and the implementation of new/experimental ideas.

Halving is only nine [9] days away too.

All this talk about silver, palladium and platinum made me buy more litecoin today.

Gold did very well in the deflation of the 1930s.

While gold would certainly be hit in a stock market crash (as everyone would need $ liquidity), it is likely that gold would drop in price less than most other investment assets.

realr0ach is correct that the banks would be in grave danger in a deflationary environment.  Debts are extremely toxic in deflation.  Not to mention derivatives...  We have not had a real deflation in the USA since the 1930s.  Many of the economic rules we (mostly) believe in get turned around 180 degrees in a deflation (look at the perverse effects of NIRP, where you make money by borrowing it in Europe.)

*   *   *

It is, of course, possible that BTC would drop LESS than stocks (etc.) in a crash or extended bearish environment.  BTC has not been around long enough for us to know what would happen in a market event like 2008-2009.

Your post is completely nonsensical and is like a college freshman talking about theory without actually knowing how things work in practice.  If someone owes $300k for a mortgage and deflation occurs, that amount due may now be equivalent to $600k instead through deflation.  One way or another they're going to default even if you make it illegal to default.  Everyone and their mom is either going to walk away from those loans or be unable to pay and all banks collapse.

A college freshman (the brain of HairyMaclairy) would look at deflation and think it's good for banks because their relative profits from loans should increase.  In reality, they take a bath on every single loan and die.  When the banks implode, fiat then has a value of zero and Exter's Pyramid takes play where the value of all assets on earth is simply divided by the number of above ground ounces of physical gold and silver.  Metals win in either deflationary or inflationary collapse.  Bitcoin is useless in deflationary collapse and it's value would be nothingness.

Australia is moving to zero interest rates for the first time in history (it kept them high post Global Financial Crisis).

Hm europe preparing for another round of massive QE, banks preparing for negative interest nationwide in germany :S

Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment.  PMs are for fighting inflation. But inflation is dead, cremated, buried, gone.  

Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. A PS4 is more powerful than the world’s greatest supercomputer in 1999.  Writ large, Moore’s Law still rules, except it has migrated from the hardware level to the software level.  GitHub was only invented 10 years ago.  The iPhone is only 12 years old.

 No one can raise prices in this environment in the supply chain - they would be destroyed. Deflation is here to stay and PMs have no role in a deflationary environment.  

Trollgoossens is already drunk and high, that's why he's buying imaginary, valueless, digital timestamps instead of physical silver:

https://usdebtclock.org/

These are the dog days of summer.  The only trend is malaise.  It is written.  

Go outside, drink and be merry.  For in late autumn, we bull.

WHAT miner capitulation???  There was no increase in mining when the price was pump and dumped to $20k (probably China mining cartel colluding with Giancarlo at Bitfinex to make it happen and knew it was unsustainable price rigging so why build more miners?).  The price then flopped back down and mining has been mostly the same during this entire series of events.  

There is no "miner capitulation".  If the Bitmain/Chinese mining cartel actually did "capitulate" and turned off their monopoly, the chain would freeze and require a hard fork and the price would be pennies.  What is it?  60% of mining is done at two dams in China?  I think we would have noticed if they "capitulated".

https://twitter.com/100trillionUSD/status/1154712314995781634