Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18877. (Read 26656946 times)

And just like that 3000CNY is behind us

Why do you think borrowing 11000 bitcoins will drive up the cost of borrowing to astronomical levels?

Good morning Bitcoinland.

More sideways around $460? At least we survived the weekend unscathed.



It's time to get this thing movin' on up.

there is not enough liquidity in any of these exchanges for banks to start margin trading.

try and open 5 million$ worth of shorts, you'll drive up the cost of borrowing to astronomical levels.

There re many bitcoin exchanges that offer margin tarding. Not sure what do you mean by 'legit enough'?

i think these things are not priced in properly
with the classic vs core war that had been ( and i guess continues to ) playing out.
poeple are not so much pricing in Segwitt and LN as they are pricing in the bearish classic vs core war thing.
ex. when mike herrin rage quit saying" bitcoin is busted " that was a pretty big blow, there have been many many drops caused by this big block vs small block thing.
despite this "war" market has managed to keep its head above the water.
I really dont think the positive effects segwit +LN will have on the network have been considered by market.
once we see segwit get adopted and sundly blocks aren't crazy full anymore and useful applications of LN start being used ( ex  payment channels creating an instant way to transfer bitcoin to and from all exchanges? )
we're going to have a MASSIVE bump, possibly break ATH, and fly away.

Is there a single exchange that offers margin that would ever be legit enough for a bank to have a play? I don't know of one. All the fancy ones in the US with proper licences don't offer it.

Margin trading means you can sell bitcoins without having a single bitcoin. Banks with unlimited access to freshly printed dollars by Fed printing press can sell bitcoins and manipulate price as they wish. It is the same price manipulation of gold and silver we see for many years. This is why derivatives books of leading banks are of gigantic proportions. This is the way it will be until corrupt fiat system collapses. And collapse will be spectacular.

Segwitt + halving + lightning network ore other sidechains + those other bullish news from the pas 1-2 years. All of that wil trigger a new massive bull run.

Buy and ride the waves to mainstream.

There is not enough full Bitcoins for everybody, get onboard while you can!

Bitcoin full moon coming up.



I bet even Craig Wright is like a normal person, sometimes.

Everyone knows we're heading for the moon as soon as we climb.

What's the deal with just sitting around and waiting? Get us up dammit

PUUUUUUSSSHHHHHHH

what's wrong with this thread?

Further up there was a page of fruitful, interesting and polite conversation.

Am I on the wrong forum?

hashrate skyrockets to  1.5 exahash!!

Bitcoin Difficulty:    178,659,257,773
Estimated Next Difficulty:    191,948,646,247 (+7.44%)
Adjust time:    After 270 Blocks, About 1.7 days
Hashrate(?):    1,435,976,449 GH/s

incoming pump expecting.

461! This is the big one!



I'm coming to join you, Elizabeth!

"Check out the brains on Brad" )

Joking aside, great post, I give credit where credit is due. It so good that I might consider
posting in this forum again.

I promise not to plagiarize any part of it in any future post that I make,
but I will refer to it, instead of using the shortened version "Sheeple."






     

I think that these kinds of discussions of market cap and which assets are comparable in terms of utility are good, whether we be talking about theory or throwing numbers around - because in the end, we cannot know for sure how it is going to play out, but throwing out the theories and numbers can help us to view possible areas and to conceptualize what is more possible or not... and as we go along, we will continue to have to tweak our view of bitcoin and it's future based on developments in the space, whether those developments expand or contract bitcoin's actual market share, usage and utility.    $25k to $250k seems like reasonable possibilities in the coming 5-10 years - even if there may be some forces that continue to attempt to manipulate bitcoin down and to break it, possibilities of $25k to $250k seem reasonable (though certainly not inevitable - and that is where we have to account for the various forces that fight bitcoin in various ways that continue to make efforts to keep bitcoin down, and the downward force could also be explained by some attempts at downward speculation, even though downward speculation is not a complete explanation of downward price pressures, either).

Still, no "complete picture", i am just extrapolating from my own knowledge/experience. But, short "answers" (more like speculations):

1. While the invention, or, rather the realization of how to run a trustless recorded timestamp server through decentralized consensus through PoW aka blockchain already made it into the public, and proved to be the most resilient application run by more than 1 computer at the same time connected to the internet, "the Satoshi" only made a possibility, not a certainty, not a definitive. Alas, the genie is out of the bottle, so to speak. That, and Heisenberg (see: https://en.wikipedia.org/wiki/Uncertainty_principle which, apparently seems to work in the macro world as well, see https://www.ted.com/talks/jim_al_khalili_how_quantum_biology_might_explain_life_s_biggest_questions), is why it is "IF", despite math. :-)

2. There is a great speech, i can't recall which one, from Andreas Antonopoulos, where he discusses this matter (find it on youtube, either Prague, or Zürich?). The leading sentence is: "i have seen no global governmental consensus on ANYTHING" (not even on climate change, despite it might kill us all, as he adds). Or, you can learn about what happened, when the politburo banned the holding and trading of USD in the Soviet Union in the 70/80s- hint, it became the no.1 bribing instrument for citizens:-)

3. That question alone would require, 600 pages, in a book (i am working on it :-D) ). After i have spent, like 2-3 nights, whisky, patience and curiosity - as many before me - that STEM knowledge is an exponential curve, and not since the 60's, but since BC. 500- alas. Hence, the probability to foresee anything tech related is bound to diminishing returns - an inverse exponential curve , means to predict the correct path to predict future improvements shrinks exponentially.

With this in my mind, if Bitcoin, the protocol is still up and running in just 5 years, say 2020-2021, it might already have so alien applications, like an additional layer, that none of us can think off right now, delivering such humongous utility to users, that would be laughed at today, but will worth enormous economic value per entry units (=btc). Just like it was unfathomable to say video conference for FREE, in 1992's internet. Bitcoin, the network is nothing more than internet, it is like permissionless, uncensorable packet transfer from A to B IP address , but this one is also a registering public ledger of packets going from A to B, so we can tie value, because everyone has to acknowledge that we "have" that value, by the mechanisms of the blockchain.