Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16173.

Chef Ramsay

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Quote from: AlcoHoDL on November 05, 2017, 11:19:52 AM

Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Hold is right, I know some who pre-ordered the Trezor back in 2013 when they were 1BTC each. Not naming names.

Elwar

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Viva Ut Vivas

Quote from: AlcoHoDL on November 05, 2017, 11:19:52 AM

Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.

If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.

But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.

julian071

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Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

I told a friend about BTC a year or two ago, he has a small amount on his phone. He bought a couple of things with it, but the euro value just keeps increasing.

https://en.wikipedia.org/wiki/Cornucopia

However if you buy Ducati motorcycles with it, that stops working, I have found.

tscen

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Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

There is no such thing as magic internet money. Amazon received the fiat from stolen credit cards and shipped you the products. simple as that.

Elwar

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Viva Ut Vivas

Quote from: Ibian on November 05, 2017, 11:17:57 AM

Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

Does that magic internet money machine work for euros, incidentally?

Purse.io only works in a few EU countries. I think maybe France and GB. I know of a different method for Germany.

AlcoHoDL

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Addicted to HoDLing!

Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Ibian

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Quote from: Elwar on November 05, 2017, 11:11:31 AM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

Does that magic internet money machine work for euros, incidentally?

Elwar

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Activity: 3598

Merit: 2386

Viva Ut Vivas

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

TheFlynn49

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Quote from: bones261 on November 05, 2017, 10:48:43 AM

Quote from: TheFlynn49 on November 05, 2017, 10:42:26 AM

Meanwhile ...

It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?

https://coin.dance/blocks

Slush Pool allows its miners to designate what signal they want when they happen to get the block. The vast majority of Slush blocks do not signal for NYA.

https://blockchair.com/bitcoin/blocks?q=guessed_miner(SlushPool)

Let's hope that this reflects the actual sentiment of independent miners. That may be a stretch though since Slush himself is not exactly thrilled with S2X, so his pool probably attracts a larger portion of miners with the same sentiment. Furthermore, I am sure the default setting is probably no NYA signal.

thanx for the explanation, I feel less silly now Cheesy

Ibian

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Quote from: jojo69 on November 05, 2017, 10:55:15 AM

Quote from: Sukovsky on November 05, 2017, 08:13:08 AM

BTC is going to correct to sub 1000 in the next 2 years. Mark my words.

thanks for the input

don't let the door hit you on the ass on the way out

No, it could happen. Nobody expected to drop below, what was it, 226? after we passed 1k the first time. But it did, and a lot of people lost their fucking shit and a handful of us, those still posting here, kept buying and made out like bandits. 1k is not unrealistic. Far from it.

AlcoHoDL

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Quote from: ghandi on November 05, 2017, 10:41:43 AM

Quote from: AlcoHoDL on November 05, 2017, 08:48:33 AM

Quote from: Sukovsky on November 05, 2017, 08:13:08 AM

BTC is going to correct to sub 1000 in the next 2 years. Mark my words.

How is that helpful? There are numerous such posts dating back to 2015, none of which came true. Not to mention various ducks and cockroaches preaching about the imminent Armageddon...

Personally, the money I've invested in Bitcoin is money I can afford to lose (in fact, I consider them already lost), so whatever happens, let it come.

For the time being I'm HoDLing. Trading is not for me. Too much stomach-ache...

I'm with him. I think we will fall deep at least once more. This Bullrun is pure epicness. But i don't really believe that 7000$ is the new floor which can hold for months of sideways. At some point we will not rise anymore. Bitcoin (and crypto) will become "boring" again. And then we will slowly deflate. If we really hit sub 1000$ nobody knows. But for every rise there is a fall.

// Btw: in 2015 the price was actually sub $1000, going down to $150 in january.

From 2015 onwards we never had a big dip. But anyways... Earlier than that there was the MtGox fiasco.

About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!

Only kidding, of course, I know there may be a dip coming, but I'd like to hope it won't be so massive as sub-$1000.

jojo69

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diamond-handed zealot

Quote from: Sukovsky on November 05, 2017, 08:13:08 AM

BTC is going to correct to sub 1000 in the next 2 years. Mark my words.

thanks for the input

don't let the door hit you on the ass on the way out

AlcoHoDL

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Addicted to HoDLing!

Quote from: Meuh6879 on November 05, 2017, 10:16:49 AM

Quote from: AlcoHoDL on November 05, 2017, 10:10:44 AM

such as finding suitable memes for each ATH report...

universal :

[Memes snipped]

That's excellent! Should cover about a day's worth of ATHs...

bones261

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Quote from: TheFlynn49 on November 05, 2017, 10:42:26 AM

Meanwhile ...

It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?

https://coin.dance/blocks

Slush Pool allows its miners to designate what signal they want when they happen to get the block. The vast majority of Slush blocks do not signal for NYA.

https://blockchair.com/bitcoin/blocks?q=guessed_miner(SlushPool)

Let's hope that this reflects the actual sentiment of independent miners. That may be a stretch though since Slush himself is not exactly thrilled with S2X, so his pool probably attracts a larger portion of miners with the same sentiment. Furthermore, I am sure the default setting is probably no NYA signal.

TheFlynn49

newbie

Activity: 28

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Meanwhile ...

It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?

https://coin.dance/blocks

ghandi

hero member

Activity: 569

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Quote from: AlcoHoDL on November 05, 2017, 08:48:33 AM

Quote from: Sukovsky on November 05, 2017, 08:13:08 AM

BTC is going to correct to sub 1000 in the next 2 years. Mark my words.

How is that helpful? There are numerous such posts dating back to 2015, none of which came true. Not to mention various ducks and cockroaches preaching about the imminent Armageddon...

Personally, the money I've invested in Bitcoin is money I can afford to lose (in fact, I consider them already lost), so whatever happens, let it come.

For the time being I'm HoDLing. Trading is not for me. Too much stomach-ache...

I'm with him. I think we will fall deep at least once more. This Bullrun is pure epicness. But i don't really believe that 7000$ is the new floor which can hold for months of sideways. At some point we will not rise anymore. Bitcoin (and crypto) will become "boring" again. And then we will slowly deflate. If we really hit sub 1000$ nobody knows. But for every rise there is a fall.

// Btw: in 2015 the price was actually sub $1000, going down to $150 in january.

akirasendo7

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Activity: 58

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The Bitcoin price is just getting started, there is no way they can stop bitcoin
the bitcoin might slowdown after hard fork , but it will never be stop
bitcoin is here to stay and i think there is no way and no crypto can stop or compete with it head to head
maybe ethereum scare it a bit but not and it we may never see another big fall from bitcoin

Higher Altitude

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Quote from: Meuh6879 on November 05, 2017, 10:12:33 AM

Quote from: Ibian on November 05, 2017, 09:55:58 AM

Hum. Made a years salary during my week long vacation. Well I suppose that's a sort of money.

imagine the level of robbery of the centrals banks over the world ...

and you can see why Bitcoin save the world (saving) of people.

https://www.youtube.com/watch?v=6ZCVQHtD2l4

That's so fucking deep. Bitcoin is not becoming expensive, fiat is simply becoming its bitch and it's bringing the power from the banks back to the people. Hallelujah!

JimboToronto

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