Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16911.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: aesma on July 22, 2017, 07:01:56 AM

Quote from: jbreher on July 21, 2017, 11:32:46 AM

Can't really stockpile gas. Even after treatment with Sta-Bil, it gets gummy and useless after a year or so.

I've put gas in one of my cars more than a year ago, as it's a project (1989 BMW 320i coupe) waiting for spare cash to burn, I've started it the other day (using cables) and it ran fine, so the gas must still be OK.

Don't properly care for your tools, they'll eventually let you down. Sometimes, when your life depends upon their proper functioning.

quetschiquetsch

full member

Activity: 282

Merit: 106

Quote from: r0ach on July 22, 2017, 01:53:37 PM

Quote from: Torque on July 22, 2017, 01:48:00 PM

Any time a large amount of metals move for payment and an entity takes possession of said metals, transaction fees in the form of security, transportation, and storage are required.

Completely irrelevent and orthogonal argument. For all you crackhead bitcoiners who are trying to buy kilos of whatever substance you are smoking, anytime you are transferring large amounts of fiat paper, metals, or bitcoin and receiving real world goods for them, you would need security on both sides to make sure the other side doesn't try to stiff them.

Well, correct me if I´am wrong, but this is a counter argument against your own argument made some posts before, right?

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Gold + Silver = Dumb money

Bitcoin = Smart money

It's as simple as that. Let's see which one outperforms in 3 years... I know where I'm putting my money, such a tough choice Roll Eyes

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Torque on July 22, 2017, 01:48:00 PM

Any time a large amount of metals move for payment and an entity takes possession of said metals, transaction fees in the form of security, transportation, and storage are required.

Completely irrelevant and orthogonal argument. For all you crackhead bitcoiners who are trying to buy kilos of whatever substance you are smoking, anytime you are transferring large amounts of fiat paper, metals, or bitcoin and receiving real world goods for them, you would need security on both sides to make sure the other side doesn't try to stiff them. So called Buttalik Butterin dumb contracts don't alleviate this problem if you're transacting in real world goods.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: r0ach on July 22, 2017, 01:29:09 PM

Quote from: Torque on July 22, 2017, 01:26:15 PM

Quote from: r0ach on July 22, 2017, 12:29:11 PM

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

More made up bullshit. You're not required to ever place metals into 3rd party custody. It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place. You are always exposed to rent seeking middlemen (transaction validators) and counter party risk in bitcoin. This is why bitcoin is 100% useless as a settlement layer. Maybe you can use craptocurrency as a Paypal-style payment processor, aka a currency, but it's useless as a settlement layer aka money (the base of Exter's pyramid).

Any time a large amount of metals move for payment/settlement and an entity takes possession of said metals, transaction fees in the form of security, transportation, validation, and storage are required. There are middlemen that require and extract fees whether you like it or not.

I'm talking about large scale commerce at a global scale, not the person-to-person piddly crap scenario that you must have stuck in your head where you give a bubba neighbor a silver eagle in return for a bag of grain.

Again, stop with insulting people's intelligence. You're only making yourself look more stupid.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Torque on July 22, 2017, 01:26:15 PM

Quote from: r0ach on July 22, 2017, 12:29:11 PM

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

More made up bullshit. You're not required to ever place metals into 3rd party custody. It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place. You are always exposed to rent seeking middlemen (transaction validators) and counter party risk in bitcoin. This is why bitcoin is 100% useless as a settlement layer. Maybe you can use craptocurrency as a Paypal-style payment processor, aka a currency, but it's useless as a settlement layer aka money (the base of Exter's pyramid).

Here's an 1800 year old silver Roman denarius. Where will bitcoin be in 1800 years? It will be dead as a doornail long before then. It's useless as a settlemenet layer and unable to do things like reliably transfer generational wealth:

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: r0ach on July 22, 2017, 12:29:11 PM

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

~~I don't know what Japan is doing here.~~ But I think I like it.

Quote

A new TV show, soon to hit Japanese TV, is aiming to introduce the idea of digital currency and blockchain technology to the public with the help of Japanese cute girl “idols.”

Then there's Russia...

And China.

Marketing 101 Wink

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

It was to illustrate a friend that has just become bitcoiner 2 weeks ago and it´s totally addicted to the cause. Thanks, V8 Wink

Quote from: Last of the V8s on July 22, 2017, 12:07:04 PM

Quote from: BitcoinNewsMagazine on July 20, 2017, 07:05:19 PM

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

Quote from: Dotto on July 22, 2017, 10:34:06 AM

Can someone repost that graph of 1.68 fibo at 3600 and 2.68 at plus 4k?. I can´t find it, I think I saw it here

If I had any friends I would tell them about bitcoin for sure.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: BlindMayorBitcorn on July 22, 2017, 12:24:13 PM

Been busy. Who won the auction for the girl?

The one on the left.

Also https://twitter.com/Excellion/status/888765063003217920
For "Bitcoin ABC" (the "UAHF" fork) to function, all #Bitcoin txs have to spam OP_RETURN codes that would make tx fees 26.5% more expensive.

and https://twitter.com/lightcoin/status/888807494327422976
Obvious spambots are stalking prominent bitcoiners with sketchy-looking links. Stay vigilant - report, mute, and don't click the links!

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: edgar on July 22, 2017, 02:19:03 AM

gold & silver are cumbersome at best, and subject to outright confiscation at worst.

Most illogical statement I've ever seen. Nobody actually "owns" bitcoins. If you have the private key, the so called "coins" don't actually leave the blockchain into your possession. The blockchain is like a virtual loaf of bread you make believe you own a piece of, but since you never actually take possession of anything, it's always loaded to the hilt with counter party risk and built-in middle men you can't rid yourself of. Metals remove counter party risk and middle men, bitcoin doesn't remove either one. These attributes make bitcoin useless as a settlement layer.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Been busy. Who won the auction for the girl?

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: Last of the V8s on July 22, 2017, 12:07:04 PM

Quote from: BitcoinNewsMagazine on July 20, 2017, 07:05:19 PM

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

Quote from: Dotto on July 22, 2017, 10:34:06 AM

Can someone repost that graph of 1.68 fibo at 3600 and 2.68 at plus 4k?. I can´t find it, I think I saw it here

If I had any friends I would tell them about bitcoin for sure.

Don't worry, soon - if Bitcoin moons, you will be able to buy some! Wink

kurious

legendary

Activity: 2604

Merit: 1748

@ microgoosens:

Quote from: kurious on July 17, 2017, 08:19:31 AM

Quote from: El duderino_ on July 17, 2017, 06:15:08 AM

so AGAIN a proposal

the person closest by new ATH guess to recieve 0.25 BTC paid direct Wink

come start shooting

12th December. Hope it's a lot sooner, but August seems too good to be true.

Been away and I note you ask for 'reasons' justifying the choice in your recent posts, microgoosens! So:

I just felt after years of waiting, all this sorting out in a few days was not possible. I figured at least three months before the fork issue was finally sorted and that the Segwit lockin was already going to be priced in before August 1st, but not by quite breaking ATH. That, coupled with looking back at 2013 made me think the likely new ATH would be late and only be realised in the Christmas run-up.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: BitcoinNewsMagazine on July 20, 2017, 07:05:19 PM

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

Quote from: Dotto on July 22, 2017, 10:34:06 AM

Can someone repost that graph of 1.68 fibo at 3600 and 2.68 at plus 4k?. I can´t find it, I think I saw it here

If I had any friends I would tell them about bitcoin for sure.

ether19

sr. member

Activity: 532

Merit: 250

BTC. ETC. EOS

Quote from: Ludwig Von on July 22, 2017, 11:35:21 AM

I got interested in BTC 2012-2013. By some tech friends. Then came the Mt Gox disaster and that scared me so much, a few bad guys being capable of causing that kind of amok wow. So I went all into gold.
Early this year only I returned a bit into Bits. Now I would like to reduce gold and increase BTC.

Glad that you decided to increase your bitcoin stash! This seems like a good time to do it as bitcoin corrected well and now it seems like the bulls are back again. Hold and enjoy the ride. $4000 and more is on the map.

Ludwig Von

sr. member

Activity: 854

Merit: 307

I got interested in BTC 2012-2013. By some tech friends. Then came the Mt Gox disaster and that scared me so much, a few bad guys being capable of causing that kind of amok wow. So I went all into gold.
Early this year only I returned a bit into Bits. Now I would like to reduce gold and increase BTC.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: El duderino_ on July 21, 2017, 04:32:44 PM

Quote from: podyx on July 21, 2017, 10:36:21 AM

I'd like to predict ATH by 07/23 if it's still possible

Reason why is because we've had such a strong run from 1800 right up under the ATH without any retraces at all, a small retrace just below it is reasonable(which I also posted when we were at 2925) when we've had such a crazy run. And I expect the strength to continue pretty soon.

23/07 already taken by: Bitcoinaire

If we break ATH on 23rd of july, somebody gonna have to pay me Roll Eyes

Meuh6879

legendary

Activity: 1512

Merit: 1012

People that's don't buy gold, silver ... or bitcoins have home.
It's very simple.

People that they have Gold or Silver (since 2000) Or bitcoins (since 2014) ... can buy home now or in the 3 years.
Simple, too.

Bitcoin, it's in years.
Gold, it's in decades.

fichtn12345

full member

Activity: 280

Merit: 100

Quote from: Slow death on July 22, 2017, 10:06:38 AM

Quote from: bones261 on July 22, 2017, 09:51:23 AM

Quote from: xhomerx10 on July 22, 2017, 08:54:17 AM

I've also been approached recently but it's always about mining ETH. I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it. If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both. You can take a horse to water...

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

In my case it was the following:

I talked about bitcoin and nobody believed and I started using my bitcoins in real life, I bought a lot of things thanks to the investments I made with bitcoin, it did not take long for people to start asking me, i told them again about bitcoin And they started to know and use bitcoin

People are only interested in something that benefits them

I've been taking about bitcoins for ages and it was literally the only thing I was really interested in, almost nobody listened only my bro and my dad probably because they felt sorry that I had nothing else to talk about. Right now every family reunion the only thing people are interested is in my bitcoin stories but I am too tired too explain it to them again after the first multiple times they didn't want to know. I think it really has something to do with benefits and they didn't see any that time, but right now the only thing they see is the quick buck and that bores the shit out of me. So anytime somebody asks me about bitcoins I tell them about bitcointalk and that they should figure it out themselves and after that they might ask me again. Just too tired of listening to all the "shoulda listened and bought as you told us" over and over again... Myfather and brother are pretty happy thou Kiss

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