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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16881. (Read 26713463 times)

legendary
Activity: 1260
Merit: 1000
Cost of production to mine anything in space will be astronomical so you're wasting my time even mentioning it.  You might as well claim we will mine gold inside a black hole or alternate dimension. We would probably attempt to mine metals 2 miles under the ocean long before space but that is of course no threat to anyone buying at current prices.
http://www.planetaryresources.com/
http://deepspaceindustries.com/

Cost to start mining will be astronomical but so will be the quantities mined. Asteroid mining is not that far away in time. Privatization of space industry is bringing down costs. You don't really know whether the costs will be so high that the market won't be flooded enough to keep the price of precious metals down.

Lol, this is complete bullshit and those companies are basically Buttalik Butterin IPO scams.  It's such bullshit they can't even create a valid infographic of what said mining would look like.  Does this look like something you're going to see anytime soon or even a valid way to mine in the first place? LOL.  Let me guess, the structure on the left is a Dyson sphere they're trying to maneuver around the sun to start up the miner (which probably also mines bitcoin at the same time):



legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Cost of production to mine anything in space will be astronomical so you're wasting my time even mentioning it.  You might as well claim we will mine gold inside a black hole or alternate dimension. We would probably attempt to mine metals 2 miles under the ocean long before space but that is of course no threat to anyone buying at current prices.

literally
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
I'm wondering if the reason the price has been dropping is because "hackers" are selling off "stolen" coins from BTC-E.


These stories about BTC-e hacking are not confirmed yet; however, the longer that BTC-e is down, the more suspicions arise.

BTC-e has not provided very many details. The latest tweet was 13 hours ago:

>>>>>>>>We are still continue to perform our unscheduled ongoing maintenance.  Will keep you updated. Sorry for the inconvenience<<<<<<<<

https://twitter.com/btcecom

There is a rumor of the compromise of 66k BTC or something like that (https://www.reddit.com/r/Bitcoin/comments/6pkjny/and_while_btce_is_down_some_169m_bitcoin_fortune/) - which would probably be a decent proportion of their coins - and I am NOT sure if any exchange is going to come out of a supposed "hack" like Bitfinex did... with the 36% socialized haircut example (August 2016).

Let's see.  Let's see.  Let's see. 

I am starting to get a little bit worried on a personal level.  I have about 3% of my bitcoin holdings trading on that exchange... so I would not like any kind of loss, which is seeming more and more probable with the passage of time and without getting some kind of alternative innocent explanation.
legendary
Activity: 981
Merit: 1005
No maps for these territories
Welcome to the Mental Metal Observer price movement  tracking and paperweight decorations, by the way.


BTC.e keep flatlining and time to extract your BTCs from exchanges is running out. I would like to hear about your strategies about letting some in your fav exchange to do some machiavelic last minute trades
sr. member
Activity: 274
Merit: 251
I'm wondering if the reason the price has been dropping is because "hackers" are selling off "stolen" coins from BTC-E.




or this:
http://www.cnbc.com/2017/07/25/us-stocks-earnings-fed-caterpillar-mcdonalds.html
member
Activity: 151
Merit: 10
Cost of production to mine anything in space will be astronomical so you're wasting my time even mentioning it.  You might as well claim we will mine gold inside a black hole or alternate dimension. We would probably attempt to mine metals 2 miles under the ocean long before space but that is of course no threat to anyone buying at current prices.
http://www.planetaryresources.com/
http://deepspaceindustries.com/

Cost to start mining will be astronomical but so will be the quantities mined. Asteroid mining is not that far away in time. Privatization of space industry is bringing down costs. You don't really know whether the costs will be so high that the market won't be flooded enough to keep the price of precious metals down.
hero member
Activity: 750
Merit: 601
Thanks!

Looking the catalog and prices of those sites. Not gonna buy anything just now... but I probably will when Bitcoin moons before end of year Smiley

ANyway... I don't believe in this shit as an investment but I think a 1KG silver bar would be a great collectible/decoration. Any reason most 1KG bars are UGLY AS FUCK? Why can't they even polish them properly?

@Elwar: Good for me I have always considered silver to be nicer than gold (maybe I have something against yellow, donno). Noone would bother to fake silver... Not worth it I guess.

P.S.: This jmbullion doesn't seem to ship outside the US. I am in SPAIN. Any other site recommendation?

More questions... Why some silver bars of the same weight have a price difference of like 15%???

Ie: THis one https://silvergoldbull.com/100-oz-royal-canadian-mint-new-style-silver-bar vs this one https://silvergoldbull.com/100-oz-johnson-and-matthey-vintage-silver-bar


I was thinking about using  1kg bar of silver as a fun doorstop, but these 1Kg Australian coins look nice
https://www.bullionbypost.co.uk/silver-coins/australian-kookaburra/1kg-2017-silver-australian-kookaburra/
But you pay quite a premium for them (20%)
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
The longer btc-e is down, the lower the price will go on speculation that yet another exchange was hacked.
hero member
Activity: 658
Merit: 503
Bear with me
Ha I'm actually going to buy a 1 or 5 kg  silver bar now thanks to your discussions.
Not as an investment but for fun decoration, much like bitserve, cool idea.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Wut? No free cash, Bitcoin Cash Plus will be the REAL Bitcoin Cash! *

* As satoshi intended. Haven't you read the whitepaper? blah blah?
Nah, that´s a shitcoin. The truly gem is Bitcoin Cash Plus Classic

Those all shit coin.

Bitcoin Super cash Plus will rule all.

Bitcoin Unlimited Infinity Cash Token Plus 9000TM

It'll have 64 TB blocks. Transactions will be so fast they'll go back in time. Top that bitchez!
My Bitcoin Quantum Mysterium will feature direct b2b (brain to brain) payment channels based on bleeding edge Quantum Entanglement Technology. It will allow for new features such as instantly paying another for his thoughts, or outsourcing hard questions (such as: "how is this new technology going to work in practice"?).  
sr. member
Activity: 1400
Merit: 347
Do not go longterm gold ROach (10-20 years), when the age of space mining starts gold and some other precious metals will be worthless.

If you're going to try and argue with me about metals, please have at least some primitive understanding of how the market works.

I'm talking about future space mining, what the effect will have on the price later on, not metals vs Bitcoin.

I appreciate youre explanation. btw i liked youre jew gifs Smiley
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Ayway...those bigblockers are all beeing played by Roger and Jihan.

They're like rats leaving there sinking ship to another sinking ship.

They shit on Bitcoin while XT was the best thing ever..

They shit on Bitcoin while Classic was the best thing ever..

They shit on Bitcoin while BU was the best thing ever..

They shit on Bitcoin while NChain was the greatest thing ever..

Few weeks ago Bitcoin ABC was the greatest thing ever while shitting on Bitcoin..

Now those noobs shitting on Bitcoin while Bitcoin Cash is the greatest thing ever..







It's still a opportunity to buy with a DISCOUNT.

hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
Do not go longterm gold ROach (10-20 years), when the age of space mining starts gold and some other precious metals will be worthless.

If you're going to try and argue with me about metals, please have at least some primitive understanding of how the market works.

I'm talking about future space mining, what the effect will have on the price later on, not metals vs Bitcoin.

I appreciate youre explanation. btw i liked youre jew gifs Smiley
-----------------------------------------------------------------------------------------------------------------------------------------------------------------

Ayway...those bigblockers are all beeing played by Roger and Jihan.

They're like rats leaving there sinking ship to another sinking ship.

They shit on Bitcoin while XT was the best thing ever..

They shit on Bitcoin while Classic was the best thing ever..

They shit on Bitcoin while BU was the best thing ever..

They shit on Bitcoin while NChain was the greatest thing ever..

Few weeks ago Bitcoin ABC was the greatest thing ever while shitting on Bitcoin..

Now those noobs shitting on Bitcoin while Bitcoin Cash is the greatest thing ever..






Very good, but only one dimensional analysis,
To put a second dimension to this, say marketcap % or growth potential with resp to tx space or so, you need a bit brain boy.
sr. member
Activity: 854
Merit: 262
How are your metal investments doing? lol better off in steem power than shitty metals. Sell your silver and power up!
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
"Hey guys, whatcha doing?"

legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Jimbo is well known for buying the bottoms.

Just got lucky again. Got home from the ballgame and a few beers to find the price under $2480USD and the local ATM with a 1.9% buy fee.

Thank you Bitcoin deities.

hero member
Activity: 578
Merit: 508

(...... I can now buy 2 months worth of cigarettes after a financial crisis.


LOL - truth
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
But, something useful like which sites do you recommend to buy gold and silver with Bitcoin (because I know you can buy PM's online with Bitcoin.... but can't do the opposite.. fun fact!).

A couple which I trust with my coins are in my public service sig, and there you can trade both ways all the time until you do not take delivery of the phyzz.

edit: since my sig is censored in this thread they are vaultoro.com and bullionstar.com
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
Who sold at the bottom?


Noone, it's obvious we all BOUGHT at the bottom... or do you think the price rises by itself? geez...


In every transaction there's a buyer and a seller.

For every coin bought at a bargain price during a dip, someone sold at a discount, whether it was from necessity or panic.

Most of the time the buyer is the exchange, not some dude like you who has a crystal ball.


This... (what Jimbo said) ... it is a good example of 'Karma'.

Basically one takes more and one gets less. Then the Universe needs to recalibrate!

And more concrete is that on markets it doesn't work like in other circumstances when the calibration of the energy you take form a place to another comes and has specific targeting. But... NO! ... It does not have any direction / target echolocation bullsh!t, like on the usual karma things. But on markets, that loss needs to be taken and drawn from somewhere else.

So basically as an example of what he just said is that the loser that sold at some displeasing value, will trigger some kind of 'unpleased/unsatisfied' emotion that he/she will spew it into the Universe like a sewer! Smiley ... And the one that got 'a bargain' will feel pleased, greedy and maybe will have a taste of feeling the need to spend!

But in a simple way put is that the one with a loss will feel the need to take from somewhere else to compensate, rebalance and recover. And the Universe will give them to balance the scale back to a neuter zone! While the one who gained will find ways to give back. And this doesn't mean necessarily "paying back" with the same 'currency', but with any kind of payment/sacrifice that the Universe asks of the destiny of those people! Smiley
legendary
Activity: 1260
Merit: 1000
Best value is to buy the tungsten directly in bars and cover it in gold yourself.

Though tungsten prices are rising due to demand for "gold bars".

Gold and tungsten are EXTREMELY similar in things like the specific gravity test, which is one reason it seems a lot harder to fake silver than gold to me.  Things like the ping test seem to be more effective for silver as well, along with stuff like the magnet slide test and others.  Having said that, fake gold would still not pass the trained eye in the specific gravity test, nor the machines the bullion dealers run them through.  For the average man on the street though, it's really not hard to spot fake silver if you know what to look for, so fake metals are really not a problem at least in the silver market because it has a lot of unique traits to identify it.
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