Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9713. (Read 26610738 times)

Platnium is too industrial and centralised in a country like Russia so I've read.    Apparently this is a big point against its use internationally, it favours some over the many and somehow gold does not do this in the same way.
  Anyhow the bigger drawback would be the strong link to certain industry which could make it unreliable for supply and demand.   Ironically gold has no great industry and somehow its a positive not to be used.   I always liked silver ( I also prefer platinum to gold personally) but it has this problem of supply orbiting industry, when they mine many different common metals it can also return silver as well.   I'm not saying it as flawed as debt for currency but it has its drawbacks in its natural economy, the silver coin economy I dont see happening which then has us wanting a greater growing demand for silver to be ever present.   All the metals can all be used at least some and be superior to our current national debt issued for global use.  
   Hard money comes after a collapse or great instability in debt standards, I just dont think we are clever enough to switch in a controlled way.   Greece for example should have defaulted and moved on with a better standard after acknowledging bad debts.    Capitalism has to include the possibility for failure because humans fail so often as well as succeed, thats how we find a better direction ?   If they continually hide bad debts we lose our way.    Politics cannot hold a proper account when its in power over all traded wealth.




A return to the ceiling of the 8 day average, like a fly we are hanging upside down rubbing ours legs waiting for the next action     4hr bar close above this area is bullish for retest of highs I suppose

Debt monetization is the same thing as reinstating "hard money" - silver and gold.  You can't defeat the invisible hand of the market in the end.  As for platinum which OROBTC mentioned above, platinum is cheap too, but it's never really been a monetary metal and probably doesn't have a lot of hope being recognized as one by most countries when the supply is concentrated in Russia + South Africa.  That and the collapse of new car purchases will really hurt it.  There's a huge glut of new cars sitting around and won't be much industrial or monetary demand for platinum, while silver has high demand in both economic implosions and expansions.

Barring apocalyptic conditions, we wont be walking with silver coins to use in shops.   I agree it is useful if ever totally isolated and 1000 is nothing in the big scheme, no harm to save a bag buried in the garden perhaps.    I just dont think it happens that usefully that likely.
    The sensible route would be for a major government to reissue silver coins in its currency, hard money.   Silver coins can be used to extend the life of a bottle of milk, it was always useful peoples money even just sitting there.  We dont, wont and cant have hard money, we have debts which would collapse upon fiscal budgets if we ever tried that route.   No bravery like this exists which leaves only the collapse scenario resulting from the extreme of no normal trade at all.

its good for gold to be used.   The price might fall in a year which is just a moment for gold but its closer to being used for settlement between nations which is its correct use.   If we fear change and upset prices even then I feel Bitcoin is the wrong choice because it needs change to really be used.  The status quo is more of the same which is debt, printing to serve the debt and new currency given to the most central debt handlers not anyone productive in the economy.   I hope not but we could do this for 40 years, just stupid debt to replace the last debt with more on top and since Japan has done it since the early 90's and we didnt start till 08 on the QE I guess we can do at least another 20 repeating the treadmill.

They bought euros prior to the ECB falling off the rails .   There are worse currencies then Euro but theres better like gold probably is going to be.    That is interesting news on gold holdings, its another step down the road towards instability I think as the gold all central banks hold is a common point of reference that enables trade.   Removing the gold will make Euro less synchronised I think likely.


The BTC price has two trends apparent since mid July with both lower highs and higher lows, we havent yet found which is stronger of the two.   I dont know if price is moving so slowly now because the two sides met and now counteract.

fomo time?

Nice green dildo there !

Shitcoiners going wild off 1% movements now...

There's your answer. Pump initiated!

You don't seem to understand how to make money.  The goal is to buy the most underpriced asset, and silver is currently far cheaper than gold in historical terms.  Nobody who is trying to make money buys gold instead of silver when the GSR is 90:1.  Claiming "it's too heavy" is like claiming someone in your town is giving away free brand new cars but you don't want any because "they're too heavy".  

Not to mention the fact there's something like 1/4th as much above ground silver now as during the 1980's highs while above ground gold supplies have doubled since then.  Silver seems highly deflationary until the price vastly increases to warrant recycling while gold is inflationary.  I don't know the exact number, but I've seen people claim it requires a silver price of $300 to warrant extracting it from computers.

UK sold their gold at $250  
It basically tells you that almost no government knows anything about markets.
Maybe, Swiss gov does.

Are we going to come out of the weekend at $9500 or $10100?

FTFY jojo.
SDR (and C. Lagarde) are from IMF.
I definitely see that coming. Maybe not 2021, but it’s going to happen.

Did you see this news?
ECB’s gold sales deal with European central banks lapses


No later than six months ago Italian government tried to sell their gold and got stopped by ECB. Now they will force Bank of Italy (fourth gold stock holder) to dump their gold.
No good for Italy,
No good for gold
No good for bitcoin in the short term, bullish log term (EUR will be shittier than before).

2021, World bank announces addition of BTC to the basket of currencies underpinning the SDR.

Market cap $300B

New ATH! 

I am a little partial to fever tree elderflower tonic myself with Hendricks with a slice of cucumber.

Please Pamoldar.. ... don't admit that those are your ideas......

That's some pretty simplistically pathetic history.    

It's like an outline of ideas from someone who just learned basics about bitcoin and then becomes proud to show the depth of his knowledge.

Furthermore it is like 2014 and 2015 did not even happen, and personally, those were the years that I solidified my relationship with baby BTC

Also, not even any ideas about 2019, despite our being half way through the year.  

oh gawd, if we have thought leaders like that, please help us......


 

I dunno, despite my observation upthread. A standard $1000 face value bag of junk silver is like 54 pounds. So while I wouldn't want that much in a BOB, it might be handy to have at minor-to-mid crunch.

This is like an Indian train with passengers falling off.
Can't wait for the weak hands hanging on the side to get lost.

Carrying around anything more than a few kilos would become quite tiring.  I find carrying around a trezor and/or cell phone and/or computer and/or a paper wallet (I am not so enthused about paper wallets) or keeping some words in my brain for transport to be much more liberating, but I agree with you that having some of the gold, sometimes,  might be a beautiful sight, but such beautiful sight does not seem worth all of the other hassles and attempting to either move it around, secure it or to divide it up.

At today's prices, it would take somewhat over 100 BTC to make a million USD. 100 BTC in silver would be over a third of a ton. Good luck hoisting that in your Bug Out Bag.