Bitcoin supply shock chart... suggests we're headed for a huge rally.
https://www.tradingview.com/chart/BTCUSD/fkvt3QyC-Bitcoin-Demand-Supply-Shock-chart/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17726. (Read 26715960 times)
March 03, 2017, 09:29:10 PM
March 03, 2017, 09:03:21 PM
My bitcoins are as real as the metal hanging around Lawrence Turauld's neck.
The main issue with your thinking is the assumption that bitcoin is free of counter party risk just because you have the private keys. It's not. MatTheCat is a few Budweisers short of a 6pack and even he figured this out. Holding a commodity form of money in your hand (generally noble metals) and defending it with an AR15 is really the only way to completely get out of counter party risk, as the bitcoins never actually leave the blockchain in the first place - an electronic amalgamation of a domain in which you don't really have any power over yourself.
March 03, 2017, 08:54:25 PM
This paper market ponzi looks like it's getting a little close to the end of days
This is why some of us don't see the big deal about a Bitcoin ETF.
Paper is just paper, whether it's fiat currency, gold certificates or ETF shares.
My bitcoins are as real as the metal hanging around Lawrence Turauld's neck.
Sure we could lose them. You could ambush Larry, shoot him and steal his chains. You could haul me off to Guantanamo Bay and waterboard me until I gave up my private keys.
Paper assets are only as secure as whomever issues the certificates. They can steal your money without ever even getting close to you.
March 03, 2017, 08:51:32 PM
Well, if the pending financial crisis happens, and only gold will be worth a damn, I'm fortunate that I live near this.http://www.ci.wheatridge.co.us/1184/Gold-Panning I live within walking distance of the prohibited area. I don't think anyone will care about city ordinance at this point. Best part is that if I shovel a bucket load of dirt real quick and do the panning at home, the government won't know that I have the gold. 
As long as you're prepared to move an average of 10-100 tons of earth per ounce. I'm more bullish on silver, though.
I'll just have to move to the mountains then. I'm sure there will be new interest in all the abandoned silver mines up there. If worse comes to worse, I can just fish to eat and forage for berries and mushrooms. Maybe bring down some elk with my rifle.
March 03, 2017, 08:43:05 PM
http://www.pbs.org/newshour/making-sense/column-boom-bitcoin-bubble-thats-burst/
some interesting points in here ... and solid conclusion, no bubble, yet. I'd concur with that.
If/when bitcoin goes mainstream it has to go through a "inverse Minsky moment" type event as it runs up the vertical part of the S-adoption curve and confidence in fiat currency takes a major hit in the wider population. Imho we haven't seen anything like that yet and it will be mind-blowing to everyone witnessing it, even the most crazy bullish bitcoin permabulls ... it will be queues on the street outside bitcoin sellers people wishing to dump fiat like a hot potato type manic insanity.
some interesting points in here ... and solid conclusion, no bubble, yet. I'd concur with that.
If/when bitcoin goes mainstream it has to go through a "inverse Minsky moment" type event as it runs up the vertical part of the S-adoption curve and confidence in fiat currency takes a major hit in the wider population. Imho we haven't seen anything like that yet and it will be mind-blowing to everyone witnessing it, even the most crazy bullish bitcoin permabulls ... it will be queues on the street outside bitcoin sellers people wishing to dump fiat like a hot potato type manic insanity.
March 03, 2017, 08:40:08 PM
must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?
You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?
You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?
LOL pwned.
Don't be so hard on the gold bugs. They can't help it. They try to replace brains with shiny things.
This paper market ponzi looks like it's getting a little close to the end of days:
March 03, 2017, 08:38:47 PM
must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?
You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?
You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?
LOL pwned.
Don't be so hard on the gold bugs. They can't help it. They try to replace brains with shiny things.
I sometimes think goldbug threads should be moved to the altcoin folder.
_________
That said, don't get too smug about gold being vulnerable to space mining. Remember what quantum computing could mean to SHA256.
March 03, 2017, 08:15:55 PM
Nostalgia.
This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔
Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks
https://bitcointalksearch.org/topic/m.1858442
Wow!
😳
This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔
Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks
https://bitcointalksearch.org/topic/m.1858442
Wow!
😳
Same story as me, almost exactly. Only I ordered more gh/s of bfl gear, and didn't get it all until late Sept/Oct 😆
March 03, 2017, 08:14:36 PM
If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.
I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney. It is a currency; it's not money. Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them. Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.
The number of people using it as a currency will obviously be factored by it's throughput (TPS). To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS. At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).
Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).
... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.
Har har...you're so proggy, man. Can i be an SJW like you ?
must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?
You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?
March 03, 2017, 08:00:11 PM
$1.3k by tonight, or else.....
Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....
Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....
March 03, 2017, 07:59:34 PM
Nostalgia.
This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔
Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks
https://bitcointalksearch.org/topic/m.1858442
Wow!
😳
This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔
Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks
https://bitcointalksearch.org/topic/m.1858442
Wow!
😳
March 03, 2017, 07:53:28 PM
Har har...you're so proggy, man. Can i be an SJW like you ?
Whoever uses those three letters automatically outs themselves as a distended, knotty penis whether they're an alt of someone else or not.
March 03, 2017, 07:50:28 PM
$1.3k by tonight, or else.....
Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....
Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....
March 03, 2017, 07:46:45 PM
Back on topic, can someone update that stupid Wiley Coyote gif to go from 300 to 1300?
Because this is important.
C
Because this is important.
C
March 03, 2017, 07:27:18 PM
If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.
I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney. It is a currency; it's not money. Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them. Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.
The number of people using it as a currency will obviously be factored by it's throughput (TPS). To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS. At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).
Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).
... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.
Har har...you're so proggy, man. Can i be an SJW like you ?
March 03, 2017, 07:25:09 PM
I'm the only one not comfortable with the recent rise while the unconfirmed transactions are about to reacj 100k and the ETF still is undefined and the PBOC and the chinese exchanges are about to pull some surprise?
March 03, 2017, 07:14:04 PM
If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.
I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney. It is a currency; it's not money. Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them. Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.
The number of people using it as a currency will obviously be factored by it's throughput (TPS). To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS. At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).
Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).
... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.
March 03, 2017, 07:04:35 PM
If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.
I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney. It is a currency; it's not money. Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them. Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.
The number of people using it as a currency will obviously be factored by it's throughput (TPS). To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS. At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).
Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).
March 03, 2017, 06:54:19 PM
I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts. There is an end-less supply of gold sitting in all those asteroids together with other ''precious'' metals.
I'm pretty sure you wouldnt put money on it.
When someone throws out outlandish assertion, a simple "wanna bet?" will have them scurrying to their corner.
There is a far greater chance, multitudes higher, that Bitcoin (and not gold) is worthless in 50 years.
March 03, 2017, 05:28:55 PM
It's going to run up this weekend likely further by those with available funds buying now before newbies waiting on bank funds to process and arrive Mon/Tue/Wed can buy.
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