Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15733. (Read 26707889 times)

The forum's getting slower to load now bitcoin's getting close to $10k. I hope we can still post here at the $10k ATH.

Wut?  Reasoning?

The ultimate wealth transfer is not to any Average Joe retail buyer, it's to the wealthy elite owners and angel investors of these companies. They own the lions share of every insta-mined company stock IPO, of which they paid next to nothing for (relatively speaking).

Bitcoin's valuation, by contrast, has been bootstrapped and crowdfunded from the ground up by Average Joe. That's why the wealthy elite hate it.

Ok guys, back in front of my computer and it seems I have not missed *THE* ath.

Ready when you are

Transfer that wealth to me. Now.
No, you´re right !

Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle.

Could be. I was breast fed, and I'm a butt man.
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Oh yeah, those butts (not american style, just handfull), and bitcoin, they rule !

It's questionable if stocks have any value at all, much less the speculative value placed on them. Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalksearch.org/topic/m.21161390

I started in May or June 2011 with some Radeon 5850s. Ahhh...those were the days  


Could be. I was breast fed, and I'm a butt man.

I think it has to do with bottle feeding.

Here we go.

223 000 MEMpool transactions is the top of the scale (before the 1 august, before massive upgrade of Bitcoin Core for segwit, like june/july 2017).

Lets have a history recap.



Did you guys know that if you started mining with a Radeon 5970 on the day that a GPU miner was released for Bitcoin ( Oct 2010), when difficulty was around 1000. You would of made 800 BTC per day.

In November 2010 you would of made 266 BTC per day

In December 2010 you would of made 80 BTC per day.

BFX back down to $9872.  It could happily do this all day.

What´s this american thing, bigger is better ? I think, it´s enough to have a handfull.
It´s sexier.

Well looky here, a nice mini-correction.

Honey badger don't give a shit. 

You friend will probably be waiting a long time. It will probably go to $10k when we are sleeping unless we stay awake all night to see it.

I noticed this episode listed on my dvr a week ago, but forgot to come post here on bct about it lol

The thing is, monetary tokens are not like a stock.

A stock has a finite intrinsic value - or a measurable value at least - based on the turnover of the business, earnings ratio, prospective commercial opportunities in its sector etc.

Monetary tokens on the other hand have no intrinsic value. They have an exchange rate based on adoption (as a store of value). There is therefore no upper limit on their price. That's what these people crying "bubble bubble" don't understand. While it's true that "tulip mania" is a large part of the bitcoin story, tulip mania is also an essential component of the growth of any new monetary media since it represents adoption as a store of value. The folks buying tulips would have been ok if they'd been more durable, rare and portable.

At the moment, there is "dark matter" in the bitcoin universe that many commentators don't take into account. That is, for example, sectors such as bitcoin and alt-coin backed debit cards. When somebody makes a deposit to a bitcoin debit card account like Wirex or something, they are basically spending bitcoin from that point on even though the individual trades may be denominated in local national currencies. The "value" behind the trade is crypto because it had to be acquired before the trade takes place.

There are all these latent areas of adoption that mainstream press are not counting because they don't manifest in the blockchain transaction count.

The genie is out of the bag and cannot be put back in. The only type of counterparty-free asset that can be sent across the planet is a cryptocurrency and in that field bitcoin is becoming unassailable in the store-of-value category. Therefore even this price is a huge undervaluation on the near future exchange rate against national currencies.

Maybe they are delaying the big bang until The Big Bang:

https://the-big-bang-theory.com/episodeguide/episode/1109/The-Bitcoin-Entanglement/?src=epgHomeQuick