R0ach's Utopia:
Surely those gold ingots are silver ingots with gold coating? 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14584. (Read 26609301 times)
February 13, 2018, 02:23:50 PM
February 13, 2018, 02:17:52 PM
The capitulation has already happened at $5800, therefore the business of being a bear is not booming anymore. The Lightning Network is growing exponentially, and it will hype Bitcoin to high heaven throughout 2018 and 2019. Late 2019 people will start buying in anticipation of the 2020 summer halving. Any attempts at crashing the market will be met with violent phases of wealth transfer.
Bitcoin is somewhere at the bottom in the second chart. You lost
Bitcoin is somewhere at the bottom in the second chart. You lost
February 13, 2018, 02:15:17 PM
Can anyone turn the volume back on?
It seems like the cryptosphere is holding its breath until Chinese New Year (Feb 16) is over. I suspect the second half of Feb into March we'll see a thaw. Esp as Korean exchanges and account holders fall into regulatory order.
February 13, 2018, 01:58:14 PM
Can anyone turn the volume back on?
February 13, 2018, 01:55:40 PM
February 13, 2018, 01:40:24 PM
Good morning Bitcoinland.
Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage).
Waiting for the spring breakout. Ho hum.
Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now
Almost 70 here and definitely not a tech luddite.
I used to think anyone over 40 was old. Now I think anyone under 40 is aclueless kid.
No, not all kids are clueless about life just as not all seniors are clueless about technology.
One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well.
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Age has nothing to do with it. Mental flexibility counts a lot more.
We talk about statistics or anecdotes. One of these do not represent the average. Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage).
Waiting for the spring breakout. Ho hum.
late 50's here. and when i heard of btc in 2011 i took to the concept like a dog to a bone.
dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.
but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am.
dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.
but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am.
Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now
Almost 70 here and definitely not a tech luddite.
I used to think anyone over 40 was old. Now I think anyone under 40 is a
No, not all kids are clueless about life just as not all seniors are clueless about technology.
One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well.
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Age has nothing to do with it. Mental flexibility counts a lot more.
February 13, 2018, 01:39:41 PM
re age and bitcoin, it could be down to a few numbers:
2013:
americans 62 and above have $209K in wealth on average
americans less than 40 have just $14K in wealth.
https://www.stlouisfed.org/~/media/files/pdfs/hfs/essays/hfs-essay-3-2015-age-birth-year-wealth.pdf
however, you may also notice that 30-40 year olds have 30-50% more income than 62 and above.
I conclude that oldies have money, but don't have much cash flow-a perfect situation for them to do both things: buy btc (since they have more cash), and also mine it (since they have poor cash flow).
2013:
americans 62 and above have $209K in wealth on average
americans less than 40 have just $14K in wealth.
https://www.stlouisfed.org/~/media/files/pdfs/hfs/essays/hfs-essay-3-2015-age-birth-year-wealth.pdf
however, you may also notice that 30-40 year olds have 30-50% more income than 62 and above.
I conclude that oldies have money, but don't have much cash flow-a perfect situation for them to do both things: buy btc (since they have more cash), and also mine it (since they have poor cash flow).
February 13, 2018, 01:33:29 PM
R0ach's Utopia:
February 13, 2018, 01:33:26 PM
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Wow. A poker player with an IQ over 180? Very surprising he does not "get" bitcoin.
You are the one that does not "get" bitcoin. Even if you ignore the fact that it's designed to completely centralize, bitcoin is 100% guaranteed to die the closer the block reward gets to zero. Why? Because a static block reward subsidizes all transactions just like a govt subsidy. The second it's gone, people will just move to a different chain that still has a block reward subsidizing it, or to some other system that doesn't have the overhead of PoW since they're all designed to centralize anyway. So yes, bitcoin actually is a Ponzi because PoW is not sustainable since you CANNOT prevent competitor chains from taking it's market once subsidy is gone.
February 13, 2018, 01:33:11 PM
http://Salon.com can mine monero on your computer if you have an ad blocker https://www.salon.com/about/faq-what-happens-when-i-choose-to-suppress-ads-on-salon/ …
I don't see a problem if they are up front about it.
I would MUCH rather provide a content provider with some set quantity of hashing than deal with ads.
February 13, 2018, 01:28:18 PM
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Age has nothing to do with it. Mental flexibility counts a lot more.
Wow. A poker player with an IQ over 180? Very surprising he does not "get" bitcoin. The game theory beauty of Bitcoin alone should captivate the thinking poker player.
In fact many of us here came in through that door. My mining rig was the Seals with Clubs client.
Also... I am not among the young here.
February 13, 2018, 01:27:25 PM
http://Salon.com can mine monero on your computer if you have an ad blocker https://www.salon.com/about/faq-what-happens-when-i-choose-to-suppress-ads-on-salon/ …
How about just block the fuck out of all ads to collapse the Jew media system as fast as possible? Oh yea, pirate anything that moves too.
February 13, 2018, 01:24:56 PM
http://Salon.com can mine monero on your computer if you have an ad blocker https://www.salon.com/about/faq-what-happens-when-i-choose-to-suppress-ads-on-salon/ …
February 13, 2018, 01:07:49 PM
Almost 70 here and definitely not a tech luddite.
Then you would be wrong. Everyone is an Amish or luddite to some extent unless you want to chop your own head off and replace it with a T-800 terminator skull. Anyone familiar with the Kaczynski rule knows bitcoin is nothing but a garbage slavery system. Combine that with the Joseph Tainter rule of diminishing returns of complex systems, and in order to keep any type of technologically progressing civilization afloat, it requires converting the entire thing into a vertically integrated ant slave colony where you're just a worker drone with increasingly worthless value to the system as a whole.
There's a reason Star Trek is portrayed as a military dictatorship. Instead of one scientist being able to solve something like Tesla, it's no longer possible and you need a team of 500 scientists all centrally managed to do anything. Technology is inherently anti-freedom and pro-vertical integration of the whole into an ant colony. In order words, just about everything Kaczynski said is right, and there is no purpose at all in taking civilization past a certain point in technology because everyone would just be a dehumanized worker drone. Due to overspecialization, said system would also easily collapse and send you back to the stone age anyway.
February 13, 2018, 01:05:33 PM
My first attempt of using trading view...
The problem I have with these projected ‘bewildering lows’ is that they are planted just around the halvening. I just do not see this happening in 2020. If it happens, it happens in 2018 or 2019. But somehow, a full blown crypto winter seems far away. So that leaves 2018 as the most probable candidate, should a $2,000 scenario materialise.
Actually, I put in lows in late 2019 to be fair, then almost a flat with an upward bias until or close to halvening, then a takeoff.
But this is just a sketch with lines that could be drawn differently.
I guess my main point is a zigzag in 2018, hard down in 2019, recovery in 2020, then off to the races (higher).
I would like to see your projection, though.
February 13, 2018, 01:04:50 PM
Investors Business Daily is hosting a free one-hour cryptocurrency seminar at 2:30pm EST. It's going to go over chart reading techniques.
It will probably be pretty basic, but might help some people.
IBD Cryptocurrency Seminar
It will probably be pretty basic, but might help some people.
IBD Cryptocurrency Seminar
February 13, 2018, 12:59:08 PM
My first attempt of using trading view...
The problem I have with these projected ‘bewildering lows’ is that they are planted just around the halvening. I just do not see this happening in 2020. If it happens, it happens in 2018 or 2019. But somehow, a full blown crypto winter seems far away. So that leaves 2018 as the most probable candidate, should a $2,000 scenario materialise.
February 13, 2018, 12:58:18 PM
Nice (((national security))) blunder there admitting China has significantly more quantum computing capability than the US in open session. As for what that means for shitcoins, I guess we will see eventually.
February 13, 2018, 12:55:49 PM
Good morning Bitcoinland.
Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage).
Waiting for the spring breakout. Ho hum.
Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now
Almost 70 here and definitely not a tech luddite.
I used to think anyone over 40 was old. Now I think anyone under 40 is aclueless kid.
No, not all kids are clueless about life just as not all seniors are clueless about technology.
One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well.
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Age has nothing to do with it. Mental flexibility counts a lot more.
Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage).
Waiting for the spring breakout. Ho hum.
late 50's here. and when i heard of btc in 2011 i took to the concept like a dog to a bone.
dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.
but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am.
dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.
but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am.
Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now
Almost 70 here and definitely not a tech luddite.
I used to think anyone over 40 was old. Now I think anyone under 40 is a
No, not all kids are clueless about life just as not all seniors are clueless about technology.
One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well.
Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.
Age has nothing to do with it. Mental flexibility counts a lot more.
February 13, 2018, 12:41:52 PM
Bitcoin grew out of the cypherpunk movement, which started in the 70s-80s. A lot of pioneers of bitcoin came from that movement: Adam Back, Hal Finney, Nick Szabo, probably Satoshi Nakamoto, etc. So, Bitcoin was birthed by a bunch of old guys.
Guys who'd been around long enough to not only figure out how elliptic curve cryptography works, but also to draw the necessary lines from/to economy, game theory and all that. Younger people can pull off great discoveries in specific fields - indeed, it's usually younger folks who do that - but large interdisciplinary endeavors are more suited to mature people IMO.That's a good point.
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I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.
It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...That was aimed at the handful of bcash supporters/sympathizers here. Are you reading all this jbreher?
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