Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
STT
on 25/12/2019, 22:07:07 UTC
⭐ Merited by fillippone (2) ,Last of the V8s (1)
The bolivar disagrees.

If we measured the total monetary base not the exchange rate or value per note and also included just how poorly backed the value is by any economic activity or future trend in productivity it might be clear they back their paper by military force.    I think USSR had similar problems, on open pricing or black market real money used was dollars or other alternatives but in theory their ruble had giant worth while backed by bullets.   I doubt its very effective beyond the range of their guns (opposite to BTC no force to back but somehow global) ; it shouldn't exist beyond wallpaper at this point so its kinda impressive.    Instead of pinning a banana to a wall they should cover the arthouse wall in the failed paper of totalitarian regimes.


2018 pricing, flashback for christmas.  Quite often closing weekly price was 7300,   Its entirely messy but to me I think there is relevance in contrast, I took it from old bitcoinwisdom which stumbles on somehow like the Mary Celeste and it gives the live price..


Xmas pricing, UTC.  Highs are 2 day average, lows are previous trend top since July