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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20807. (Read 26608069 times)

newbie
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Why so much agro and upset about Jorge's posts? He's not threatening you (or perhaps he is somehow?). He has a view and he expresses and articulates that view pretty well. I don't agree with much of what he says either but I appreciate that his posts are coherent, quite well written and free from personal attacks or vitriol. In fact, he's very gracious in his responses to many of you that get all so incensed that he's expressing the views that he is; and this is indicative that some of what he's saying has seriously hooked your innards and is tearing at you in some manner. That you're responding in such an affronted way says to me you're not 100% sure and his line of thought on this stuff causes internal conflict.

If you don't agree with his take on Bitcoin (and crypto in general), just point out calmly and unemotionally where his logic, assumptions or beliefs are flawed. I think it's very good to have someone like him putting the ideas up he does as it makes for interesting consideration of his views versus alternatives.

Isn't this what a thread like this is about?

Your gracious friend has been trolling this forum for years now. I agree that there is no need to get all fired up about it, but to "point out calmly and unemotionally where his logic, assumptions or beliefs are flawed" is even more of a waste.

He has some ideas that (I think) are the very antithesis of what crypto is all about. Suggesting that there'll inevitably have to be a rethink on the 21 million cap and that an increase will eventually happen is the slippery slope to Bitcoin being just another manipulated disaster like we're seeing with almost all fiat currencies (and, obviously to get it to be manipulatable like that, will require some dramatic action and reallocation of mining resources away from the current Bitcoin community). In fact he basically seems to have a line of thought that takes the current monetary system's "features" and attributes and retrospectively applies them to Bitcoin like "it's just how money works and if Bitcoin doesn't hold these properties it will fail". That I find to be backward thinking as it's failing to see the paradigm of how central bankers and Wall Street "run" the monetary system is THE problem and to use it as a framework of sorts for how crypto needs to operate is everything crypto isn't and should never be (but any conversation about 'money' is by nature controversial and complex).

My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond.

Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay.
....hmmmm...you have a point Angry Angry Angry
hero member
Activity: 667
Merit: 500
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.

What economists advocated this position in 1515?

I've never come across these scholars in my actual academic work, or even the notion of economics as a discipline per se existing at that time,  so whatever you've discovered must be truly groundbreaking.
hero member
Activity: 658
Merit: 500


Why so much agro and upset about Jorge's posts? He's not threatening you (or perhaps he is somehow?). He has a view and he expresses and articulates that view pretty well. I don't agree with much of what he says either but I appreciate that his posts are coherent, quite well written and free from personal attacks or vitriol. In fact, he's very gracious in his responses to many of you that get all so incensed that he's expressing the views that he is; and this is indicative that some of what he's saying has seriously hooked your innards and is tearing at you in some manner. That you're responding in such an affronted way says to me you're not 100% sure and his line of thought on this stuff causes internal conflict.

If you don't agree with his take on Bitcoin (and crypto in general), just point out calmly and unemotionally where his logic, assumptions or beliefs are flawed. I think it's very good to have someone like him putting the ideas up he does as it makes for interesting consideration of his views versus alternatives.

Isn't this what a thread like this is about?

Your gracious friend has been trolling this forum for years now. I agree that there is no need to get all fired up about it, but to "point out calmly and unemotionally where his logic, assumptions or beliefs are flawed" is even more of a waste.

He has some ideas that (I think) are the very antithesis of what crypto is all about. Suggesting that there'll inevitably have to be a rethink on the 21 million cap and that an increase will eventually happen is the slippery slope to Bitcoin being just another manipulated disaster like we're seeing with almost all fiat currencies (and, obviously to get it to be manipulatable like that, will require some dramatic action and reallocation of mining resources away from the current Bitcoin community). In fact he basically seems to have a line of thought that takes the current monetary system's "features" and attributes and retrospectively applies them to Bitcoin like "it's just how money works and if Bitcoin doesn't hold these properties it will fail". That I find to be backward thinking as it's failing to see the paradigm of how central bankers and Wall Street "run" the monetary system is THE problem and to use it as a framework of sorts for how crypto needs to operate is everything crypto isn't and should never be (but any conversation about 'money' is by nature controversial and complex).

My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond.

Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay.

People are riled up, somewhat, with Stofl because his posts are generally deceptive and misleading and accordingly disingenuous...

Many times, he has actually admitted to being a troll of these forms...

In other words, trolls deal in disingenuous arguments and distractions and really attempt to incite others with their ridiculous points... surely from time to time Stofli makes decent points, but that generally is the exception rather than the rule...   most of the time he is misleading and spinning... ..

surely we can ignore him or communicate rationally with him, but sometimes he needs to be called out because otherwise some people, including what appears to be yourself, will begin to believe some of his several stupid ass misleading posts.

Okay. Perhaps I haven't experienced enough of him yet to see the dis-ingenuity in full flight. As always with people on these forums, there's their face-value appearance and then their deeper hidden agenda which may take longer to pick up on. But one always has to ask what the driver for someone's modus operandi is. If he's so down on Bitcoin and thinks it's so likely to fail, why is he here? I think this is the same question we all need to ask ourselves. I'd expect that he has doubts about his views too, hence can't stay away because he's inevitably drawn to a debate like this to challenge the parts of his thinking that don't quite believe the outward position he's stated.

I'm here because I'm fascinated by Bitcoin (and crypto in general) and I believe my investment in it may bring a good return. The "fascinated" part extends out from my awareness that this technology just might be the one thing that saves humanity from the greed and stupefying madness of a world population that, not only has no real understanding of money, doesn't even know that it's completely lacking that understanding and consequently is being seriously worked over by some very dark forces. The average person from a westernised nation today walks this planet completely and utterly clueless as to what the fundamental attributes of money are and why the manipulation via the Fed's QE and ZIRP is just putting off for another day the inevitable financial reckoning that's going to catch the masses out. I think Greenspan, Bernanke and Yellen and their Wall Street banking cronies will one day be recast as criminals that led us all on this merry dance into disaster. And just maybe, the existence of Bitcoin (and it's potential to travel through this coming mess relatively unscathed....and I said "potential"; many trials and tribulations for it yet) will alter the course of history and create a surging discourse amongst the public as to what the true nature of 'money' is.

But there are soooo many differing views on this subject. I for one pretty much listen to them all as the potential to be caught by confirmation bias within groups like this and not even realise you're on a pathway with other lemmings on the way to the cliff's edge is ever present. For that reason I welcome the Stolfis and others with extreme views adverse to what the bulk of us in cryptoland hold (even if they are "trolling"....take what's useful; leave the rest) because they help me check my reasoning and assumptions, and I believe that's a good thing.
sr. member
Activity: 406
Merit: 251
Recomended: "Validation Costs and Incentives" by Eric Lombrozo at the Scaling Bitcoin Conference. Real solutions to scaling issues.

Live here (rewind):

https://www.youtube.com/watch?v=TgjrS-BPWDQ&feature=youtu.be

EDIT: Yes, he confirms what I have been writing here before. In the future, with better code, everybody doesn't have to confirm every single transaction  Wink
legendary
Activity: 1260
Merit: 1002


How come that chart shows Bitcoin shooting up from $150 to $1000+ in November 13, but their funds only went up a tiny little bit in November 13? If their strategies are so great then their funds should have increased in value faster than Bitcoin back then. Why did Bitcoin shoot up in value in November 13, but their funds didn't? Anyone holding Bitcoin back then could make money just by sitting back and watching it shoot up in value

They probably only count the dollars when they've sold the bitcoins.
Once you have bought bitcoin, you can't say you hold dollars.
Once you sell the bitcoin, you get dollars again.
Therefor, when the price dropped, their chart goes up because they're selling bitcoin to covert them for dollars.

Obviously they count their gains in dollars.


exclusively counting my gains in bitcoin here Grin Cool
legendary
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legendary
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Delusional crypto obsessionist


How come that chart shows Bitcoin shooting up from $150 to $1000+ in November 13, but their funds only went up a tiny little bit in November 13? If their strategies are so great then their funds should have increased in value faster than Bitcoin back then. Why did Bitcoin shoot up in value in November 13, but their funds didn't? Anyone holding Bitcoin back then could make money just by sitting back and watching it shoot up in value

They probably only count the dollars when they've sold the bitcoins.
Once you have bought bitcoin, you can't say you hold dollars.
Once you sell the bitcoin, you get dollars again.
Therefor, when the price dropped, their chart goes up because they're selling bitcoin to covert them for dollars.

Obviously they count their gains in dollars.
legendary
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legendary
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Hide your women
Can you imagine a design of cryptocurrency that would be to your liking, or is the concept as a whole damned to failure in your mind?

Hopefully that negative interest would be enough to dissuade hoarders and speculators.  


Most of this forum think the inflation of fiat currencies is a bad thing and that bitcoin has solved a problem with its fixed supply. They dont understand that inflation is a very important tool to keep investments going.


Imagine your national currency without inflation. The money you have in your pocket would never loose value. Seems nice if you dont have a lot of money but what happen if you had a lot of money. You could just hoard the money and live of ot for the rest of your life. There would be no interest in investing to make more money since investing is a risk.

With todays inflating fiat there is no point in hoarding money. Your money supply loose value if you just hoard them. You have to get the money out there and work for you. Either by investing or putting them in a bank and let them invest for you.

A fixed supply economy like bitcoin would be the end of investing. Why invest if you can just hodl to increase your holdings.

Perhaps you didn't read up where I explained that "hoarding" is savings and it is absolutely essential for a healthy economy.  If there is no incentive to consume less than one produces, an entire economy's wealth is stagnant at best and consumed in one generation at worst.  We are currently watching this play out on a global scale.

It's laughable to claim that there would be no investing with a deflationary currency. The late nineteenth century in America saw prices fall almost everywhere and a massive increase in the standard of living. People would still spend a currency even if they knew it would go up in value forever because nobody lives forever. They just wouldn't spend it frivolously. That's a bad thing? We all need billboard-sized flat screen television sets and a new car every two years?

You must separate normal working people and rich people as i tried to do. Buying a new television is not investing. Building a sky skraper is investing.

Inflation gives those with a lot of money a push to get their money invested somewhere or it will loose value. A fixed supply coin like bitcoin is not good for investing but for holding. If we imagine a future with mainstream use of bitcoin it would be better to hold your bitcoin than to use them. The more you hold the more you earn because the value only goes up. Only stupid people would invest money they know would increase value into anything that might be risky. Thats why national banks will force inflation to the right level. To low inflation would ruin the economy since all investments stops. To high inflation is also bad since it makes people swap their money for something that will hold value and nobody invests.

The fixed supply of bitcoin is only good for speculation like this thread is about. Knowing what the supply is and what it will be in the future makes it easier to do the right moves when you trade.

Separate "normal working people" from rich people? I completely disagree. "Rich" people need to save for truck factories the same way that people like me need to save for a truck.  People who are pressured to spend their savings before it gets diluted through inflation are more likely to misallocate their capital. They could for example build a solar panel factory only to find that technological advances makes their solar panels obsolete. 

The people who make the argument for inflation because it frees up capital are short-sighted.  Capital that is freed up by definition is not available for future use.
sr. member
Activity: 345
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It was quite clear that the short term rally started. We clearly saw a triangle formation in our bitcoin forecast

lol this was a rare moment of TA is working with Bitcoin. remember all the not counted and untold (from you) cases where the dumps ruled the price and TA was not working because in this Bitcoin market too few trading with the rules of TA.

BTW it is so easy to open the mouth AFTER something did happened. the next time I will be much more impressed if you open your moth BEFORE something will happen.  Wink

EDIT: so a serious question for you expert? is this the bottom?  Smiley

thanks for the flowers :-)

Subscribers know that bullbearanalytics.com gives the right bitcoin forecast before things happen. The performance chart shows it.



Wow such bullshit ^



How come that chart shows Bitcoin shooting up from $150 to $1000+ in November 13, but their funds only went up a tiny little bit in November 13? If their strategies are so great then their funds should have increased in value faster than Bitcoin back then. Why did Bitcoin shoot up in value in November 13, but their funds didn't? Anyone holding Bitcoin back then could make money just by sitting back and watching it shoot up in value
legendary
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hero member
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legendary
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LEALANA Bitcoin Grim Reaper
It was quite clear that the short term rally started. We clearly saw a triangle formation in our bitcoin forecast

lol this was a rare moment of TA is working with Bitcoin. remember all the not counted and untold (from you) cases where the dumps ruled the price and TA was not working because in this Bitcoin market too few trading with the rules of TA.

BTW it is so easy to open the mouth AFTER something did happened. the next time I will be much more impressed if you open your moth BEFORE something will happen.  Wink

EDIT: so a serious question for you expert? is this the bottom?  Smiley

thanks for the flowers :-)

Subscribers know that bullbearanalytics.com gives the right bitcoin forecast before things happen. The performance chart shows it.



Wow such bullshit ^

legendary
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legendary
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hero member
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Warning: Confrmed Gavinista

....
My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond.

Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay.

I agree. The only ones who get really riled up by Jorge are the guys who believe that bitcoin will *somehow* make them incredibly wealthy, but who cannot quite understand the mechanics of how it will happen. When anyone pokes wholes in that balloon, they fight back angrier than a bag full of cats.

But I've always found his posts interesting, if perhaps following a set narative. Jorg feel bitcoin will fail because of inherent flaws in its design.

 I, on the other hand, feel it just might succeed in spite of them!  Cheesy
legendary
Activity: 1554
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Make Bitcoin glow with ENIAC

I think that my various responses had the right tone.   I have been reading his posts for at least a year and a half. 

 There is NO personal attack contained within my responses... a little colorful language and to suggest that someone is simplifying and misleading is NOT a personal attack, it is an attack on his generally disingenuous presentation and he should know better regarding a variety of his points, that he is full of shit... and that is NOT a personal attack..   Tongue Tongue Tongue


Or complexifying and misleading, in any event, he's doing it for the lulz.
legendary
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Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.  
Well, do you really think that people would prefer to live in misery, die out of thirst, hunger, cold, and diseases but hoard their money? Are you one of those 'economists'?
legendary
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Self-Custody is a right. Say no to"Non-custodial"


Why so much agro and upset about Jorge's posts? He's not threatening you (or perhaps he is somehow?). He has a view and he expresses and articulates that view pretty well. I don't agree with much of what he says either but I appreciate that his posts are coherent, quite well written and free from personal attacks or vitriol. In fact, he's very gracious in his responses to many of you that get all so incensed that he's expressing the views that he is; and this is indicative that some of what he's saying has seriously hooked your innards and is tearing at you in some manner. That you're responding in such an affronted way says to me you're not 100% sure and his line of thought on this stuff causes internal conflict.

If you don't agree with his take on Bitcoin (and crypto in general), just point out calmly and unemotionally where his logic, assumptions or beliefs are flawed. I think it's very good to have someone like him putting the ideas up he does as it makes for interesting consideration of his views versus alternatives.

Isn't this what a thread like this is about?

Your gracious friend has been trolling this forum for years now. I agree that there is no need to get all fired up about it, but to "point out calmly and unemotionally where his logic, assumptions or beliefs are flawed" is even more of a waste.

He has some ideas that (I think) are the very antithesis of what crypto is all about. Suggesting that there'll inevitably have to be a rethink on the 21 million cap and that an increase will eventually happen is the slippery slope to Bitcoin being just another manipulated disaster like we're seeing with almost all fiat currencies (and, obviously to get it to be manipulatable like that, will require some dramatic action and reallocation of mining resources away from the current Bitcoin community). In fact he basically seems to have a line of thought that takes the current monetary system's "features" and attributes and retrospectively applies them to Bitcoin like "it's just how money works and if Bitcoin doesn't hold these properties it will fail". That I find to be backward thinking as it's failing to see the paradigm of how central bankers and Wall Street "run" the monetary system is THE problem and to use it as a framework of sorts for how crypto needs to operate is everything crypto isn't and should never be (but any conversation about 'money' is by nature controversial and complex).

My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond.

Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay.

People are riled up, somewhat, with Stofl because his posts are generally deceptive and misleading and accordingly disingenuous...

Many times, he has actually admitted to being a troll of these forms...

In other words, trolls deal in disingenuous arguments and distractions and really attempt to incite others with their ridiculous points... surely from time to time Stofli makes decent points, but that generally is the exception rather than the rule...   most of the time he is misleading and spinning... ..

surely we can ignore him or communicate rationally with him, but sometimes he needs to be called out because otherwise some people, including what appears to be yourself, will begin to believe some of his several stupid ass misleading posts.
legendary
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