Update : https://www.xbt.eu/ (144 Blocks)
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16966. (Read 26723450 times)
July 22, 2017, 03:23:19 PM
July 22, 2017, 03:11:33 PM
I bought silver at $30 so I am a total idiot and I was devastated as it dropped.
I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....
On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.
I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....
On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.
It kinda makes me wonder what Roach paid for his beloved silver.
He reminds me of Kwukduck. So embittered by his poor investing skills that he spends his days belittling Bitcoin.
July 22, 2017, 03:07:14 PM
People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.
Gold pumped from $400 to $1900, now down to $1255
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
I bought silver at $30 so I am a total idiot and I was devastated as it dropped.
I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....
On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.
Do not feel bad about that. To a certain degree, the metals $ price is irrelevant because if there is a monetary reset one day, metals pricing will end up orders of magnitude higher. Consider it long term insurance instead of an investment.
In 2013 I bought some bitcoin near the top before the last crash. After that I just continued to cost average down to about ~$500 or so. Now things are looking better. I actually bought a little bitcoin @$900 at the beginning of the year.
One lesson I learned is, buy the majority of a commodity or security when no one wants it and sentiment is in the toilet. Metals are pretty much close to that now. Bitcoin, not so much.
July 22, 2017, 03:02:48 PM
Gold pumped from $400 to $1900, now down to $1255
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
it's been 37 years since gold's all time high when you take inflation into account, which i'm told is one of the points of gold.
that's not good enough.
July 22, 2017, 03:00:09 PM
People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.
Gold pumped from $400 to $1900, now down to $1255
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
I bought silver at $30 so I am a total idiot and I was devastated as it dropped.
I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....
On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.
July 22, 2017, 02:49:42 PM
July 22, 2017, 02:46:47 PM
People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.
Gold pumped from $400 to $1900, now down to $1255
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
July 22, 2017, 02:30:38 PM
Gold + Silver = Dumb money
Bitcoin = Smart money
Bitcoin = Smart money
Bitcoin isn't money at all, it's a currency. Fungibility is one of the requirements of money. Money can't just randomly morph from one thing to another with forks or alterations.
Money = has objective, static traits
Currency = random arbitrary bullshit some guy makes up and constantly fiddles with aka bitcoin
This is why it's called "cryptocurrency". Currencies are not a store of value either. People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.
July 22, 2017, 02:27:09 PM
Don't properly care for your tools, they'll eventually let you down. Sometimes, when your life depends upon their proper functioning.
+1. A good habit to get into is routine maintenance of things you might need to rely on in a pinch.
July 22, 2017, 02:18:52 PM
It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place.
Your mind seems to have a rather limited capacity for abstraction.
July 22, 2017, 02:16:40 PM
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.
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.
All? No. More expensive? No.
Spamson Mow of Blockstream FUDding as expected. After all, that's what he is paid to do.
July 22, 2017, 02:06:26 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:
Of course, on a long enough timeline... . We will all be dead first... .
But I follow you in a certain way. Keep PM, BTC, Cash and tools as an asset. July 22, 2017, 02:02:15 PM
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.
July 22, 2017, 02:00:17 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?
July 22, 2017, 01:57:03 PM
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
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
July 22, 2017, 01:53:37 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.
July 22, 2017, 01:48:00 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.
July 22, 2017, 01:29:09 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:
July 22, 2017, 01:26:15 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. 
July 22, 2017, 01:09:09 PM
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
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