Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Just owning silver doesnt affect banking. Using it as money might divert trade from dollar and cause some alarm. In China they actually had a 'problem' with copper where it was banned from being used as proxy currency by construction companies. It was becoming monetised for a while as China tracks in line with dollar they share similar weakness relative to any real costs hence the appeal of real currency or asset value.
Amazing as nobody now thinks of copper like that but its feasible especially if electric cars are to be a rising trend but in any case the population growth of developing countries creates a long term demand for copper infrastructure and also silver to some extent, its a far more practical metal then gold apparently
Bitcoin price is following an uptrend thats been in play going back to April. The reason its quite sedate perhaps is because this trend is now a ceiling not support exactly. We fell below and did not recover this trend back in middle of June. Obviously its quite a strongly rising line hence our now ATH.
Just staying here seems quite positive to me, forming some history. A base camp for any further ascent seems prudent in any endeavour to scale great heights
Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?
what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....
I doubt any of these billionaires have problems obtaining enough to eat.
Unless they are stricken by some kind of eating disorder. Even in the event of total financial collapse; I'm sure they have enough assets to barter to keep themselves well fed.
Thing is Buffet owns a food company and he has a free personal supply of Coke with a fridge in his office. So he doesnt need to sell anything, productive assets are going yield way more then dollars now. Problem is people take a short term view.
Amazing as nobody now thinks of copper like that but its feasible especially if electric cars are to be a rising trend but in any case the population growth of developing countries creates a long term demand for copper infrastructure and also silver to some extent, its a far more practical metal then gold apparently
Bitcoin price is following an uptrend thats been in play going back to April. The reason its quite sedate perhaps is because this trend is now a ceiling not support exactly. We fell below and did not recover this trend back in middle of June. Obviously its quite a strongly rising line hence our now ATH.
Just staying here seems quite positive to me, forming some history. A base camp for any further ascent seems prudent in any endeavour to scale great heights
Besides, billionaires don't always make the right decisions.
Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?
By 2007 silver was up to $17/oz.
By 2011 silver was up to $48/oz.
Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?
By 2007 silver was up to $17/oz.
By 2011 silver was up to $48/oz.
Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?
what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....
I doubt any of these billionaires have problems obtaining enough to eat.
Unless they are stricken by some kind of eating disorder. Even in the event of total financial collapse; I'm sure they have enough assets to barter to keep themselves well fed.Thing is Buffet owns a food company and he has a free personal supply of Coke with a fridge in his office. So he doesnt need to sell anything, productive assets are going yield way more then dollars now. Problem is people take a short term view.