Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15997. (Read 26586410 times)

But we are. Ending the Fed has been the goal from the beginning.

7500 $ is a huge wall for bitcoin. We tried several times to defeat the wall but not enough bull power here.
As i am short from 7500 i like this situation   will buy from 5000$ again.

It was obviously a damn good move; fortune favours the brave.  

I see you bumbling imbeciles haff not yet completed vave 5.

Yep. Fortunately I had a lot of equity.

you can´t just say something like that to non-bitcoiners. they would think you got mental problems. but it´s also hard to not talk about it at all because it is so hard to comprehend. that is why we are talking in here i guess.

congrats for escaping the rat-race.
T

and yes, that ratio is  

Now there are people like Russian/Chinese central bankers and journalist such as FT's Iza Kaminska that outright suspect us as trying to create a new reserve currency to replace USD/EUR/SDR.  So it is unwise to be like Roger Ver, who recently claim that he is trying to replace USD/EUR/JPY and all other national currency with his project.  On a mainstream media too. 

https://bitcoinwisdom.com/

multiple choices

side note 5 ounces of gold for 1 btc wow

grasping...


That's not what I get out of it:

snipsnip

Of course, if you have evil in your heart, you'll see demons lurking in every shadow.

I just saw that the house I sold last year for $260k is now on the market for $325k.    

That guy sure did invest wisely.

All I got out of it was a couple hundred BTC at $650 each.

I have been paid 100% in bitcoin. Dealing with taxes is the same as being paid in fiat.

Funny you should mention Bitcoin as a reserve currency. While brainstorming a new floating island currency we were confronted by the hard truth that the currency would have too much volatility. One solution was to peg our currency's value to bitcoin. From our research we found that pegging the value to something like gold would cost a lot of money in holding a certain amount of gold, having it audited, ensuring that it was secure, etc. While using bitcoin as a reserve currency you can transparently show that it is backed, auditing is simplified and securing is easier than for gold. Bitcoin's price trend over time has shown less volatility, as it becomes less volatile than over a dozen national currencies. It is not a huge stretch to predict that bitcoin price could be one of the more stable currencies in the world and perhaps it could become a major reserve currency due to the ease of doing so.

I doubt that Bitcoin will become the One World Currency so that people won't have any other methods of payment.  Most likely BTC will be used mainly as a storage of value and people would still use their respective national currency (even if gone digital or blockchained) or some corporate backed system like Japan's upcoming "J-Coin", China's Alipay, East Africa's M-Pesa, Paypal/Samsung/Apple Pay, plus the traditional Visa/Master/JCB/UnionPay credit card or bank issued debit cards.  

It also highly unlikely that people would be paid in bitcoin as tax payable are due in respective national currency.  Not to mention the problem of how to record the salary compensation or for employees to report their income tax, given the possible exchange rate risk and potential capital gain.  

The point being that if you want to design a crytocurrency which people would want to spend, it actually has to have some kind of "demurrage" feature like Freicoin.  But something that evaporates your saving and force consumption would never see adoption, while a highly deflationary one like BTC has huge incentive for people to get in early and hoard/hodl it.  So in the end, instead of something that liberates people from financial system, BTC behaves more like a digital commodity that fuels speculation and boom-bust cycle.  

Now it is quite possible that if we were to succeed in building a new financial order, i.e. with Bitcoin at the bottom of "Exter's Pyramid", then we can start issue paper IOU backed by BTC and create credit and then derivatives on higher layer (which I think Wall Street is going to try in the next few years).  Then people would have incentive to spend those BTC backed credit as a medium of exchange.  It doesn't even have to be like the existing system, it could be Ripple type payment hub or a side-chain/new-cryto pegged to BTC and used only for payment, etc.  

I just saw that the house I sold last year for $260k is now on the market for $325k.    

That guy sure did invest wisely.

All I got out of it was a couple hundred BTC at $650 each.

Wow. The ratio is getting out of hand. Looks like we still have a way to go in this one.

Just went out for a quick walk and made a years salary. Not so easy to comprehend this atm.

I hope to become very involved in life extension. Hopefully it will play a big role on the seastead, many seasteaders I've met so far support it.