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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19929. (Read 26607976 times)

legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
I believe that you have kind of answered your question in a couple of places by asserting that you don't really know if the points that you raised are issues are not.

Well, I don't think it answers any questions. Though I agree with what your point seems to be - that we should not automatically assume this is broken.

However, if one embraces (what I perceive to be) the key tenets of Bitcoin -- trustlessness and decentralization -- then we _all_ have a duty to perform due diligence before accepting even a minor change, let alone one that so radically alters the allocation of responsibility as this.

I guess I am just advocating some judicious scrutiny of which of the pied pipers you choose to follow. For it seems that some of the loudest such have not even as of yet read the entire score.
legendary
Activity: 910
Merit: 1000
220,000 transactions in last 24 hours.  To me this is the real indicator bitcoin is going mainstream.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Monkey vision:  Drop towards 390 support intraday, rising trend to continue thereafter on a daily basis, and over the weekend.


You know this is wrong


Monkey needs some fucking glasses.    Tongue Tongue
hero member
Activity: 798
Merit: 531
Crypto is King.
Shouldn't be long until the spike up, I should've specified. LOL I'll edit the post so as not to confuse people.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
5:15AM in Hong Kong . . . shouldn't be long now.

..b-but everything you post below seems to indicate that we *should* be long.
legendary
Activity: 1470
Merit: 1007
It will continue to be valued in fiat, just at different price levels. Or are you really crazy enough to believe usd and euro could go to zero?!

... he asked rhetorically, despite being here long enough to know that a key demographic of this forum believes exactly that.
legendary
Activity: 1414
Merit: 1000
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can


i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

It will continue to be valued in fiat, just at different price levels. Or are you really crazy enough to believe usd and euro could go to zero?!
sr. member
Activity: 290
Merit: 250
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can


i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros. that will not be the case in the currency collapses.
So you assume that all fiat currencies collapse at the same time? I doubt it.
Fiat currencies collapsed in the past and they got replaced by - surprise - fiat currencies.
legendary
Activity: 1092
Merit: 1000
i'm not talking about consumers... lol. china, the govy, is buying up the gold.

I'm sorry, I thought you were talking about metals in general.

i mostly am talking about gold and silver.
legendary
Activity: 1092
Merit: 1000
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can


i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
i'm not talking about consumers... lol. china, the govy, is buying up the gold.

I'm sorry, I thought you were talking about metals in general.
hero member
Activity: 798
Merit: 531
Crypto is King.
5AM in Hong Kong . . . shouldn't be long now until the spike upwards.


short to mid-term hat on

Anyone else thinking ~$380 re-test on the horizon if ~410 doesn't hold?

short to mid-term hat off

Maybe. I'm going to be on guard this afternoon when China wakes up. They gonna love them cheap coins.
This. Give it 2-4 hours and we are back @$420+. Teh b0tz0rz are on their profit pattern. They just let the ball drop over their night time to squeeze out the sleeping longs. When the city wakes, the pump will continue with a vengeance.



They've come this far, and let floors be built for extended periods of time. This train isn't turning around any time soon.

Local Bitcoins transactions chart for Hong Kong:

They are not playing games with this pump. Willybot v2.1 is already building their floor @$420.00 right now.



Sorry bears, close those shorts while you still can make a few bucks. We should bounce around here for a few hours until the pump resumes.



micro 1Min chart



macro 1Min chart
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1092
Merit: 1000
sold out bulls still waiting for 2XX coins will be sitting here twiddling thumbs at 450 waiting for 3XX coins ... same old, same old ( I used to be one of those guys and it sucks)


nope.. that money is going into metals. i wont buy above 300. too risky ..

So, what do you think will plummet if we get e rerun of 2008, only this time China is joining?


what do you mean?? if bitcoin goes up .. i'm covered. insurance policy... i got coins in cold storage. i might be done buying bitcoins altogether. i'm not trading bitcoins anymore cuz i dont have any to trade and i am absolutely refusing to buy at higher than 300.. period. i'll buy metals. u dont give a dam then i don't give a dam. i am much more confident buying metals than bitcoins. i think end game the metals are going to be worth a lot more than bitcoin crypto-digits. china is buying more metals than cryptos for sure.

That's my point. But if the brakes are on for real in China, they'll consume less metal. A lot less.


i'm not talking about consumers... lol. china, the govy, is buying up the gold.
legendary
Activity: 1092
Merit: 1000
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:



"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
sold out bulls still waiting for 2XX coins will be sitting here twiddling thumbs at 450 waiting for 3XX coins ... same old, same old ( I used to be one of those guys and it sucks)


nope.. that money is going into metals. i wont buy above 300. too risky ..

So, what do you think will plummet if we get e rerun of 2008, only this time China is joining?


what do you mean?? if bitcoin goes up .. i'm covered. insurance policy... i got coins in cold storage. i might be done buying bitcoins altogether. i'm not trading bitcoins anymore cuz i dont have any to trade and i am absolutely refusing to buy at higher than 300.. period. i'll buy metals. u dont give a dam then i don't give a dam. i am much more confident buying metals than bitcoins. i think end game the metals are going to be worth a lot more than bitcoin crypto-digits. china is buying more metals than cryptos for sure.

That's my point. But if the brakes are on for real in China, they'll consume less metal. A lot less.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
And?  What's the problem?  

Is BTC's security undermined?  

Are the odds of double spends increased?  

Is there some other kind of vulnerability for malicious players to exploit?  

Under Segregated witness, isn't all of the accounting going to be reconciled within a relatively short period of time?  It's not like segregated witness causes ongoing unresolved transactions. Is it?

And. Perhaps many. Maybe. I think so. Yes, see link below. I don't know how long. I think the answer is that it does.

Rather than reiterate, I point you here: https://bitcointalksearch.org/topic/m.13197163

Maybe my fears are unjustified. I don't yet know enough about it to know. What I do know is that I don't trust that all those crowing about how this SegWit is going to save us have really looked at it to the point where they understand it.


I believe that you have kind of answered your question in a couple of places by asserting that you don't really know if the points that you raised are issues are not.

Well to draw a bit of an analogy, there are a quite a few areas related to bitcoin that I do not understand or claim to understand - for example, cryptography, math, economics and politics (to name a few), but in the past two years, I have been continuing to invest in bitcoin because I have some faith that the various bitcoin contributions are filling niches that are not otherwise filled by mainstream traditional (and often centralized) institutions, and I am continuing to investigate various dynamics and contributions of BTC.

Even though on an ongoing basis, I continue to learn about various bitcoin dynamics, I frequently read, see and hear people who appear to be much knowledgeable than me in some of the areas that I lack knowledge causing me to maintain a positive view of bitcoin and to continue to be fairly bullish about the future performance of bitcoin.

Accordingly, it does not hurt to ask a large number of questions like you have done, but contrary to what you seem to be doing, I would not assume without specific evidence and/or examples or even proposed scenarios that various contributors to bitcoin's code are sloppily leading us down some perilous doom and gloom path. 

In fact, it seems to me, that in the whole scheme of things, we should feel some comfort in the opposite, that is if a bunch of battling coders are currently appearing to compromising and agreeing to such compromise, there must be some mutually agreeable aspect regarding such compromise that causes the battling sides to be gravitating towards intermediate consensus (at least for the short term).  So it makes little sense to me if someone seems to be assuming, without evidence that they are a bunch of fuck-ups. 











legendary
Activity: 1092
Merit: 1000
sold out bulls still waiting for 2XX coins will be sitting here twiddling thumbs at 450 waiting for 3XX coins ... same old, same old ( I used to be one of those guys and it sucks)


nope.. that money is going into metals. i wont buy above 300. too risky ..

So, what do you think will plummet if we get e rerun of 2008, only this time China is joining?


what do you mean?? if bitcoin goes up .. i'm covered. insurance policy... i got coins in cold storage. i might be done buying bitcoins altogether. i'm not trading bitcoins anymore cuz i dont have any to trade and i am absolutely refusing to buy at higher than 300.. period. i'll buy metals. u dont give a dam then i don't give a dam. i am much more confident buying metals than bitcoins. i think end game the metals are going to be worth a lot more than bitcoin crypto-digits. china is buying more metals than cryptos for sure.
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