Don't see that ever happening on a broad scale... guess we can trade potatoes if it does lol
BTC is looking good today!!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17449. (Read 26710358 times)
April 03, 2017, 08:27:01 PM
In terms of a crypto as a currency, the only thing that always has haunted me in the back of my mind is its dependence on the internet. Ever take that away we have nothing in crypto.
Don't see that ever happening on a broad scale... guess we can trade potatoes if it does lol
BTC is looking good today!!
Don't see that ever happening on a broad scale... guess we can trade potatoes if it does lol
BTC is looking good today!!
April 03, 2017, 07:56:01 PM
I don't understand what counterparty risk has to do with money/currency distinction? Counterpaty risk is the probability of not getting good or services you have paid for or not getting the money if you're the seller. If I hold a gold coin in my hand or I''m the only one that knows the private keys of a bitcoin address then there is no counterparty risk and I'm 100% confident that I received payment for goods or services I sold.
It doesn't matter how many members one organization has - two or five or 50. You have to define what do you mean by "secured by"? I'm using "depends on". Doesn't depend on means if that organization of two or five or 50 members disappears this asset was and still is money if it still has value. If the value of this asset goes to zero then it was currency before losing its value as it was backed by a second asset that disappeared. The distinction is very clear. If something is backed by nothing and is used as money then it is money!
Until 1971 the US dollar was currency. It was a certificate giving you the right to convert it into gold as it was pegged to gold. After gold window was closed the US dollar became money. Yes, that's right! If you present a 100 dollar bill to the Fed they will not redeem it as they don't have any obligation whatsoever. If Fed disappears the US dollar will still have value IF it is scarce and has limited supply! I'd even say that without Fed the value of US dollar will increase.
Becoin there is nothing wrong with defining currency the way you do but that is not the only way to define it nor is it particularly enlightening to define it that way. If you look up how currency is defined in the dictionary you will see a different definition. r0ach upthread uses yet another definition.
Far more useful is to focus on the necessary properties that allow money/currency to function in its role of facilitating trade and savings.
Everything has counterparty risk even physical gold or bitcoins for which you control the private keys.
For those situations where you have physical control of the an asset the counterparty risk is the social network which uses and accepts said asset. If you accept silver, gold, dollars or bitcoin as payment for services rendered you are taking a risk that the networks of individuals who accept these things will continue to exist in the future allowing you to someday exchange these things later for future goods and services. The stronger and more robust the network the lower the counterparty risk.
April 03, 2017, 06:37:55 PM
... and here is the drop again. always drops so much faster than it rises 
It's bouncing back up already, and it's staying higher than it was twelve hours ago. The long term trend is up despite a few small drops.
April 03, 2017, 06:37:12 PM
... and here is the drop again. always drops so much faster than it rises
That's what she said
April 03, 2017, 06:30:15 PM
... and here is the drop again. always drops so much faster than it rises
April 03, 2017, 05:24:36 PM
STEEMIT MENTIONED ON INFOWARS TODAY at start of video!: https://www.youtube.com/watch?v=iN2a_bbzbi0
- should be uploaded on official alex jones channel by tomorrow. InfoWars is looking for alternative sites to use.
- should be uploaded on official alex jones channel by tomorrow. InfoWars is looking for alternative sites to use.
alexjones bought steem it
April 03, 2017, 04:43:09 PM
$1200x$1300 /\BTC setting up for the pump++ :-D //^to the moon$$$
April 03, 2017, 04:39:19 PM
We can't fight this.
But we can vote SegWit ... too.
But we can vote SegWit ... too.
April 03, 2017, 03:20:59 PM
Theorem:
The soundest form of cryptocurrency shouldn't have to fight for "popularity" amongst others, nor will it. In the long run, sound money is not a popularity contest.
A cryptocurrency's economic/governance model and strength & security of its network should speak for itself, and become self-evident to all involved eventually over time.
Other, lesser cryptocurrencies will eventually wither and die.
Question: Does Gresham's law apply to the world of cryptocurrencies as well? Hmmm...
Also, go Bitcoin!
The soundest form of cryptocurrency shouldn't have to fight for "popularity" amongst others, nor will it. In the long run, sound money is not a popularity contest.
A cryptocurrency's economic/governance model and strength & security of its network should speak for itself, and become self-evident to all involved eventually over time.
Other, lesser cryptocurrencies will eventually wither and die.
Question: Does Gresham's law apply to the world of cryptocurrencies as well? Hmmm...
Also, go Bitcoin!
April 03, 2017, 02:56:07 PM
Why would bitcoin be more likely to drop? The price is increasing every year lol. Get in there.
April 03, 2017, 02:55:55 PM
I though it could go sideways earlier today, but it's risen a little bit since then. However I still think it could stay in a fairly tight range for the next few days because everyone else is expecting a pump or a dump.
I like these steady +5% sideways days. 
April 03, 2017, 02:34:58 PM
I would start syncing now. When LTC goes to 20 or more dollars that's some worth syncing profits for. And who knows if we go to a new all time high?
LTC is in the exact same spot as BTC, more likely to drop than to pump.
Now you have pretty much confirmed that you are a nut job banking shill troll.
April 03, 2017, 02:19:58 PM
It is possible that BTC is making a second shoulder in head-and-shoulder formation and will bottom at around $750-850.
Then again, bull market may continue in a slow fashion.
I am curious about LTC, but it could be just a fluke.
Then again, bull market may continue in a slow fashion.
I am curious about LTC, but it could be just a fluke.
I though it could go sideways earlier today, but it's risen a little bit since then. However I still think it could stay in a fairly tight range for the next few days because everyone else is expecting a pump or a dump.
April 03, 2017, 01:47:12 PM
It is possible that BTC is making a second shoulder in head-and-shoulder formation and will bottom at around $750-850.
Then again, bull market may continue in a slow fashion.
I am curious about LTC, but it could be just a fluke.
Then again, bull market may continue in a slow fashion.
I am curious about LTC, but it could be just a fluke.
April 03, 2017, 01:34:49 PM
Litecoin is really triggering my laziness.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
I would start syncing now. When LTC goes to 20 or more dollars that's some worth syncing profits for. And who knows if we go to a new all time high?
If BTC fails to activate segwit (and it looks like that) all LN development will move to LTC as the only viable alternative. Im sure BTC price will increase a lot since it looks like segwit is very realistically activable (compared to BTC). BTC holders must start taking LTC more serious.
April 03, 2017, 01:20:35 PM
Litecoin is really triggering my laziness.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
Holy s... That's almost $1000. You must be rich if you don't care.I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
You know what, I'll do it for you. Just send me your wallet, I trade them completely free for you. I'll also send you 0.1btc for your ltc.
April 03, 2017, 12:42:30 PM
Litecoin is really triggering my laziness.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
Just leave it open, why negleting it? I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
It seems the price is green again almost everywhere I look. I got so much tired of red candles. Feels bullish
April 03, 2017, 12:40:07 PM
At the time of my post, the price had gone up from $1080 to $1130 and then came back down to $1115. That is hardly a "correction" as you stated and as I already explained, and what you seem to be talking about seems to be out of context, as I already asserted.
This was not a correction yet, bitcoin today have shown a weakness that may lead to a correction.
You are coming off as a troll goofball that is attempting to spread misinformation by characterizing actual facts in stupid-ass and ridiculous ways.
Why don't you consider where we are at?
Of course a correction can come at any time; however, in the past couple of months we had an upwards price movement that brought us pretty solidly into the $1200s, and then we had a correction below $900, and in the past week and a half, we have experienced a rebound from the $900 correction.. .and currently we are moving in the upwards direction with continued upwards pressure... of course a correction can happen at any time, but we are not even flat, yet. You are calling for a correction while the price is continuing to move up... sure, yes it is going to happen at some point, but the price is currently moving up, no?
I have no problem if traders feel comfortable selling on the way up and continuing to sell on the way up to protect their investment, but traders could also miss opportunities if they sell too much and expect that the price is going to correct while it is moving up. In the end, we should attempt to balance for either direction but ongoing suggestion that a correction is in the works seems a bit like you are talking your book and hoping that the price will come back down because you already sold too many.
Sorry for your loss (unless you jump back in.. hahahahaha)
He's one of those idiots that are waiting for $800
April 03, 2017, 12:38:56 PM
Litecoin is really triggering my laziness.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.
But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.
It probably doesn't need syncing if the coins are showing in your wallet. It's most likely possible to send them to an exchange despite the fact the wallet isn't fully synced. Perhaps there's been a major update to the wallet that stops you sending a transaction without fully syncing, but it's worth a try.
April 03, 2017, 12:33:07 PM
At the time of my post, the price had gone up from $1080 to $1130 and then came back down to $1115. That is hardly a "correction" as you stated and as I already explained, and what you seem to be talking about seems to be out of context, as I already asserted.
This was not a correction yet, bitcoin today have shown a weakness that may lead to a correction.
You are coming off as a troll goofball that is attempting to spread misinformation by characterizing actual facts in stupid-ass and ridiculous ways.
Why don't you consider where we are at?
Of course a correction can come at any time; however, in the past couple of months we had an upwards price movement that brought us pretty solidly into the $1200s, and then we had a correction below $900, and in the past week and a half, we have experienced a rebound from the $900 correction.. .and currently we are moving in the upwards direction with continued upwards pressure... of course a correction can happen at any time, but we are not even flat, yet. You are calling for a correction while the price is continuing to move up... sure, yes it is going to happen at some point, but the price is currently moving up, no?
I have no problem if traders feel comfortable selling on the way up and continuing to sell on the way up to protect their investment, but traders could also miss opportunities if they sell too much and expect that the price is going to correct while it is moving up. In the end, we should attempt to balance for either direction but ongoing suggestion that a correction is in the works seems a bit like you are talking your book and hoping that the price will come back down because you already sold too many.
Sorry for your loss (unless you jump back in.. hahahahaha)
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