Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I wonder if this will effect the Silver market come Monday, lot of speculation that the $2T market cap in crypto kept Silver and Gold down by about 30%
I really don't think the two are linked at all, gold and silver are hedges and crypto is extremely volatile.There's ideology cross overs but I don't think that's the majority of ownership.
We are not talking about crypto in this thread, so there is that angle too.
In other words, if I am misreading you, you might want to clarify what you mean, kingcolex.
Dang i'm such a dick sorry guys 
Goes without saying that you are a dick, and surely you are not sorry.. You are just saying that you are sorry to be even more of a dick.
Dicks are not sorry for being a dick.
An alternate theory could be that you are a twat? If you actually happen to be sorry, then twats tend to be sorry for their being a twat (and twats tend to be even more sorry if they had been a dick).
First of all, who fucking cares about the amorphous concept of "crypto" it hardly even means anything.
Now if you are wanting to say something about bitcoin in relation to gold and silver markets, then spit it out.
Seems to me that bitcoin is already eating the lunch of both gold and silver to the extent that they are used as stores of value and/or financial instruments and likely to continue to eat their lunches. Of course, bitcoin cannot replace some of the utility that comes from various industrial uses of either of those metals, but how much of that do we care about? Do you own either of them in terms of trying to store value or as financial instruments? Why would you choose either of them in comparison to bitcoin.. bitcoin is superior in a lot of ways.
Regarding other cryptos, they are all over the fucking place, so why do we want to even get into trying to analyze where one piece of shit coin might be relative to another.. just does not seem to matter to analyze any of them separately in this thread and then to lump them together and to proclaim that they are anything but overly hyped and overly valued shit seems to be as much analysis to make towards various nonbitcoin crypto as a whole.
Now if you are going to include bitcoin in such assessment regarding crypto then seems that you are largely devolving into gobbledy-gook speak and muddy thinkenings. What am I missing?
By the way, if you are trying to make some short term assessments of various PMs compared to bitcoin and you are NOT concluding that bitcoin is the way superior asset, then you are quite likely NOT zoomed out enough. Which part is not clear?
<snipped a bunch of nonsense>
Could you stop clinging and following me around? Put me on ignore or something, otherwise it feels like stalking.
You see zero value in my posts, I see negative value in yours, both in style and substance.
Let's agree on this and and stop cross posting.
I expect an answer and then I will not directly respond to anything you utter as long as you do the same.
Deal?
No
... Basel III unleashes gold price after 30 years controlled by paper derivatives with 100-1 leverage
thanks for this info, it looks interesting (I was unaware of this somehow).
... check into this then, it's important. Geopolitical problems of 30+ years are coming to a head. The rise of Bitcoin has forced some hands to be sure ...
https://www.zerohedge.com/commodities/basel-iii-new-role-gold
Quote
... Like bitcoin or hate it, the latest rally was deeply embarrassing to everyone who’s been skimming the cream off society via the monopolistic monetary system. Their lies were laid bare for all of us to see.
It doesn’t surprise me at all that this week was the week chosen to do the hatchet job on crypto. It was also the week where the plumbing of the financial markets became so thoroughly clogged (see Whalen’s article above) that there was no choice but to demoralize the rubes who thought they would escape the Great Reset.
Everyone must be liquidated to make the world safe for German eugenicists and commies.
So, Basel III is coming to destroy the paper gold markets and destroy the money center banks in New York and London while setting the stage to bail out the euro-zone. Higher gold prices are the answer to all of these things. Think of it this way, in a world where debt assets are failing and new private forms of custodial assets are rising in mindshare, what’s the only real weapon the central banks have to maintain credibility?
Their gold reserves.
How do you, if you are the ECB, use that weapon simultaneously against your two main competitors, the commercial banking interests in New York and London and the nascent crypto anarchists? You deploy your gold and steal everyone’s thunder....
It doesn’t surprise me at all that this week was the week chosen to do the hatchet job on crypto. It was also the week where the plumbing of the financial markets became so thoroughly clogged (see Whalen’s article above) that there was no choice but to demoralize the rubes who thought they would escape the Great Reset.
Everyone must be liquidated to make the world safe for German eugenicists and commies.
So, Basel III is coming to destroy the paper gold markets and destroy the money center banks in New York and London while setting the stage to bail out the euro-zone. Higher gold prices are the answer to all of these things. Think of it this way, in a world where debt assets are failing and new private forms of custodial assets are rising in mindshare, what’s the only real weapon the central banks have to maintain credibility?
Their gold reserves.
How do you, if you are the ECB, use that weapon simultaneously against your two main competitors, the commercial banking interests in New York and London and the nascent crypto anarchists? You deploy your gold and steal everyone’s thunder....
very important subject.
notably developing cryptos create doubts in ECB credibility with its perpetual increasing debts.
so basel 3 ruling introduction could solidify the basis of european banks in re-establishing thruth in gold assets
the problem is that this subject is still being discussed, not yet really implemented? and mainly in europe
another solution(easier ?) for central bankers is to induce a bear market in cryptos, which is currently tried actively.
Does that effect bitcoin? or how does it relate to dee king daddy?
What I said again is I currently don't see crypto (all the fucking cryptos, because guess what this isn't just me or my point of view but all investors and some see altcoins as replacements of store of value) currently in a position that it limits precious metal price.
That's all I'm saying, no need to try and force anything else out of it that's not there.