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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17097. (Read 26583272 times)
May 27, 2017, 10:31:28 PM
May 27, 2017, 10:18:32 PM
digital cash... what the fuck did you think was gonna happen?
You letting the old man use your computer?
May 27, 2017, 10:13:45 PM
digital cash... what the fuck did you think was gonna happen?
May 27, 2017, 09:46:49 PM
I expect slower progress if it is going up it has to deal with all the fences left closed by previous action. When we rose first time at this price it was free and clear and nobody was sure, now it has many signs left up. We climb over each trend we previously broke but it doesnt sound like we should 'explode'. Its going to be a hike :p monday because the idea is leverage is behind the rally momentum ?
So far all I see is we may be pulling out of a downtrend, so its got to get off the ground first and steady itself. Slow and steady as she goes
Going on CNY as thats in the fore now, current price is the marker for previous spikes down. So possibly a ceiling of sorts, but a target of about 16,000 would be good to see. Not just to reach it but trade with as a floor, that'd be progression otherwise possibly we repeat even while not in a downtrend its not yet positive ?
So far all I see is we may be pulling out of a downtrend, so its got to get off the ground first and steady itself. Slow and steady as she goes
Going on CNY as thats in the fore now, current price is the marker for previous spikes down. So possibly a ceiling of sorts, but a target of about 16,000 would be good to see. Not just to reach it but trade with as a floor, that'd be progression otherwise possibly we repeat even while not in a downtrend its not yet positive ?
May 27, 2017, 09:42:22 PM
mini-month long bubble return to the mean
returning to the mean or to "normal"?
May 27, 2017, 09:37:13 PM
mini-month long bubble return to the mean
May 27, 2017, 09:34:20 PM
Still sold out here 
. This is going to explode upwards on monday.
. This is going to explode upwards on monday. May 27, 2017, 09:28:39 PM
$2160 now
Has the dump done or is it a bulltrap?
Has the dump done or is it a bulltrap?
May 27, 2017, 08:31:45 PM
Feels like I'm talking to a bunch of millenial transgender children. First of all, only cuckolds go to Starbucks. Secondly, bitcoin is:
1) a currency, not money
2) does not remove counter party risk
3) is not a store of value
...
So please, stop being complete idiots and pretending bitcoin is in some way superior to gold and silver. The noble metals are the only viable candidate for sound money on this entire planet at the moment if you do not want to live under central bankers - which are the one of the main tenets of (((communism))).
Calling Nobel metals the only viable candidate for sound money represents a bias on your part. It remains to be seen if bitcoin will survive to become sound money but if it does it is tremendous undervalued at current prices.
Cryptocurrency is not a real store of value, though. It is basically at the same level as fiat on Exter's pyramid. Wealth is derived from resources and labor. Cryptocurrency will always be the bad money driving out good money compared to an actual resource/commodity based currency whether it's gold, silver, oil, or some other substance. The problem that it's very difficult to remove counterparty risk on things like uranium and oil always switch roles back to metals such as gold and silver instead.
...
The difference is that crypto currency has the potential to someday climb beyond fiat beyond gold even on Exter's pyramid.
Gold can essentially be thought of as an eternal partially anonymous POW blockchain. It is mined and mining requires work limiting its supply and allowing it to be used as a store of value. Gold does have counterparty risk. The counterparty is society. The purchaser of gold takes the risk that the gold network (the network of individuals in society willing to buy and own gold) will continue to exist. Governments play a role here in that they have the power through their actions to strengthen or weaken this network but they lack the ability to destroy it entirely. The gold network has existed for thousands of years it has also survived multiple government attempts to eliminate it so the counterparty risk is lower than with anything else that exists.
To displace gold cryptocurrency would need to have a counterparty risk that was lower than gold.
This would require
A) Demonstration of enternal nature currency would need to hold its value over several generations
B) Demonstration of resilience cryptocurrency network it would need to show its ability to survive outlast and not be broken or destroyed by hostile government action.
The jury is still out on whether bitcoin can meet these very high hurdles. However, even if bitcoin fails it seems almost inevitable that something will come along someday that can meet them.
I already put in on Exter's Pyramid back in 2015. It is that yellow part on the tip (covering the gold)
May 27, 2017, 08:05:07 PM
Feels like I'm talking to a bunch of millenial transgender children. First of all, only cuckolds go to Starbucks. Secondly, bitcoin is:
1) a currency, not money
2) does not remove counter party risk
3) is not a store of value
...
So please, stop being complete idiots and pretending bitcoin is in some way superior to gold and silver. The noble metals are the only viable candidate for sound money on this entire planet at the moment if you do not want to live under central bankers - which are the one of the main tenets of (((communism))).
Calling Nobel metals the only viable candidate for sound money represents a bias on your part. It remains to be seen if bitcoin will survive to become sound money but if it does it is tremendously undervalued at current prices.
Cryptocurrency is not a real store of value, though. It is basically at the same level as fiat on Exter's pyramid. Wealth is derived from resources and labor. Cryptocurrency will always be the bad money driving out good money compared to an actual resource/commodity based currency whether it's gold, silver, oil, or some other substance. The problem that it's very difficult to remove counterparty risk on things like uranium and oil always switch roles back to metals such as gold and silver instead.
...
The difference is that crypto currency has the potential to someday climb beyond fiat beyond gold even on Exter's pyramid.
Gold can essentially be thought of as an eternal partially anonymous POW blockchain. It is mined and mining requires work limiting its supply and allowing it to be used as a store of value. Gold does have counterparty risk. The counterparty is society. The purchaser of gold takes the risk that the gold network (the network of individuals in society willing to buy and own gold) will continue to exist. Governments play a role here in that they have the power through their actions to strengthen or weaken this network but they lack the ability to destroy it entirely. The gold network has existed for thousands of years it has also survived multiple government attempts to eliminate it so the counterparty risk is lower than with anything else that exists.
To displace gold cryptocurrency would need to have a counterparty risk that was lower than gold.
This would require
A) Demonstration of enternal nature currency would need to hold its value over several generations
B) Demonstration of resilience cryptocurrency network it would need to show its ability to survive outlast and not be broken or destroyed by hostile government action.
The jury is still out on whether bitcoin can meet these very high hurdles. However, even if bitcoin fails it seems almost inevitable that something will come along someday that can meet them.
May 27, 2017, 07:40:27 PM
Seems like the imminent final bull run blow-off top has been averted again with yet another timely healthy correction, i.e. the alternate scenario.
Let's see how it develops but it looks like this bull has bigger, stronger and longer legs left in it yet ... 1800 region looking like quite strong resistance is a significant positive.
Let's see how it develops but it looks like this bull has bigger, stronger and longer legs left in it yet ... 1800 region looking like quite strong resistance is a significant positive.
May 27, 2017, 07:21:11 PM
I wish that we finish the week lower than the previous. Because 7 or more weekly greens is danger zone.
I took a quick glance and the last time there was 7 or more was the crash of '13.
May 27, 2017, 06:44:21 PM
....you brag and boast, as did the poster I was originally responding to, as if your gains were down to something other than good fortune - indeed, you seem to claim that your gains have been down to your succesful employment of clever trading strategies.
I say that you are bigging yourself up and have no better grasp on this market than any of the rest of us. You are being disingenuous.
I say that you are bigging yourself up and have no better grasp on this market than any of the rest of us. You are being disingenuous.
A single trade is susceptible to luck. The longer the series of trades you make, the more the result will reflect your strategy. I've over 60K trades on Polo with a cray cray % profit, so I'd have to ascribe that to more than just luck.
Quote
Please, I would be more than happy for you to prove me wrong - put down, here and now, based on probability, the price movements of BTC/USD over the next few weeks - or if you prefer the next couple of decades. I will happily stand corrected, and in due course become a rich man on the back of your knowledge and understanding.
How about I abase myself with self-flagellation? That seems to be what you're after.
May 27, 2017, 06:30:28 PM
No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.
Bitcoin is a more sound form of money. Can you use your mobile app to pay in gold for goods and services? Are you delusional?
I wonder how many confirmations would the local starbucks need before accepting a gold nugget as authentic and serve me my coffee... And I don't think a blocksize increase nor second layer are on the works for gold market.
Feels like I'm talking to a bunch of millenial transgender children. First of all, only cuckolds go to Starbucks. Secondly, bitcoin is:
1) a currency, not money
2) does not remove counter party risk
3) is not a store of value
Just because you want to live a barbie fashion millenial lifestyle doesn't mean the laws of physics share your delusion about what constitutes a fungible commodity currency that actually removes counter party risk and can't be counterfeited. The governance of bitcoin is simply mob rule. Even if you totally ignore the fact that it's value prospect is supposed to be based on decentralization while not being decentralized at all, with no nash equilirbium - invalidating it's entire purpose in the first place - the mob rule crowd can even come together to increase the coin limit at random if they so choose.
It's likely the 21 million count even has to be removed to combat adversarial mining strategy at zero block reward:
https://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/
So please, stop being complete idiots and pretending bitcoin is in some way superior to gold and silver. The noble metals are the only viable candidate for sound money on this entire planet at the moment if you do not want to live under central bankers - which are the one of the main tenets of (((communism))).
Bitcoins has more "money" qualities than gold has, but this is a recurrent absurdity, so lets just leave it there.
You say gold can't be counterfeited? That totally false. Not only does require an expert but I think it would be possible to even fool such expert. I mean... What sort of tests have you carried on your gold bars to be totally sure that they are pure gold up to the core? Do you systematically melt them or cut them randomly to check for alterations? Maybe do you use some specific ultrasound equipment to check for anomalous "reflections"?
Even if you do... how do you expect the average store clerck do that authentication?
When was the last time you went to any place and paid anything using gold as "money"? What was it? How straightforard was the process?
You are really making no sense here.
The only thing I can agree is that gold has been historically a reasonably good store of value and still somewhat is. All the rest is bullshit you are just making up.
May 27, 2017, 06:15:22 PM
^^ You sound a lot like Alex Jones there R0ach. Any relation?
alex jones admitted that he hams it up to make more money. i think this guy means it which is way more disheartening.
May 27, 2017, 06:13:29 PM
^^ You sound a lot like Alex Jones there R0ach. Any relation?
May 27, 2017, 06:11:24 PM
No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.
Bitcoin is a more sound form of money. Can you use your mobile app to pay in gold for goods and services? Are you delusional?
I wonder how many confirmations would the local starbucks need before accepting a gold nugget as authentic and serve me my coffee... And I don't think a blocksize increase nor second layer are on the works for gold market.
Feels like I'm talking to a bunch of millenial transgender children. First of all, only cuckolds go to Starbucks. Secondly, bitcoin is:
1) a currency, not money
2) does not remove counter party risk
3) is not a store of value
Just because you want to live a barbie fashion millenial lifestyle doesn't mean the laws of physics share your delusion about what constitutes a fungible commodity currency that actually removes counter party risk and can't be counterfeited. The governance of bitcoin is simply mob rule. Even if you totally ignore the fact that it's value prospect is supposed to be based on decentralization while not being decentralized at all, with no nash equilirbium - invalidating it's entire purpose in the first place - the mob rule crowd can even come together to increase the coin limit at random if they so choose.
It's likely the 21 million count even has to be removed to combat adversarial mining strategy at zero block reward:
https://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/
So please, stop being complete idiots and pretending bitcoin is in some way superior to gold and silver. The noble metals are the only viable candidate for sound money on this entire planet at the moment if you do not want to live under central bankers - which are the one of the main tenets of (((communism))).
May 27, 2017, 06:05:57 PM
At least the mempool problem is being solved.
"Only" 134k unconfirmed transactions, after a peak of 200k+, and around 2.8 transactions/sec. Things should get back to normal in few days
"Only" 134k unconfirmed transactions, after a peak of 200k+, and around 2.8 transactions/sec. Things should get back to normal in few days
May 27, 2017, 05:33:37 PM
No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.
Bitcoin is a more sound form of money. Can you use your mobile app to pay in gold for goods and services? Are you delusional?
I wonder how many confirmations would the local starbucks need before accepting a gold nugget as authentic and serve me my coffee... And I don't think a blocksize increase nor second layer are on the works for gold market.
In some countries you can't pay things with gold(and most stores would not accept it if otherwise), and how would be the standard low pay starbuck employee be able to evaluate the value of a gold nugget and if it is counterfeit or not?
May 27, 2017, 05:29:49 PM
No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.
Bitcoin is a more sound form of money. Can you use your mobile app to pay in gold for goods and services? Are you delusional?
I wonder how many confirmations would the local starbucks need before accepting a gold nugget as authentic and serve me my coffee... And I don't think a blocksize increase nor second layer are on the works for gold market.
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