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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21269. (Read 26713344 times)

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Also linguistically, my use of the word is correct. A can of beer can cool your throat, make your jokes worse, give you a little energy and balance your bodys fluid contents. It is the intrinsic aspects of the beer that give you these services. It is contained in the beer, it is inherent, inborn native, inseparable, deep-rooted in the beer itself. The properties are therefore intrinsic, and it is the intrinsic value of the beer for anyone who prefer those things.


My friend from Alpha Centauri says that beer would dissolve the flesh from inside his carapace and gront his falamble. Chartbuddy said last time he had a beer, it rusted his diodes and contaminated his oil. Where is your intrinsic value now?

Besides which, that would be a property (which you actually used). I would not say that a beach ball had a value of yellow.

In fact Let's look at your sentence again...

it is the intrinsic value

continue...

for anyone who prefer those things

So a subjective value designated externally. One might almost call that extrinsic value.
legendary
Activity: 1456
Merit: 1000
Is Bitcoin the only global currency traded 24/7/365?

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1512
Merit: 1005
You have explained nothing, you seem to be fixated on the word intrinsic, and refuse to discuss what it is. In fact you got this right in a previous post: Gold's utility value is pretty low and its current price is mostly speculative.

By refusing to use the tools of the trade (the words, in this case), you at the same time refuse insight. It is common, but bad.


"Intrinsic" has a meaning. If economists (or Aztec) misuse that word and then go on to act as if it meant what it actually meant, then of course wrong conclusions will be drawn. Are we really just going to accept conventional economics on this forum or look closer and seek the truth? First principles man...

How many legs does a dog have if you call the tail a leg?

It has four, unless a keynesian tries to count them.

Also linguistically, my use of the word is correct. A can of beer can cool your throat, make your jokes worse, give you a little energy and balance your bodys fluid contents. It is the intrinsic aspects of the beer that give you these services. It is contained in the beer, it is inherent, inborn native, inseparable, deep-rooted in the beer itself. The properties are therefore intrinsic, and it is the intrinsic value of the beer for anyone who prefer those things.

A bunch of dollars do not have these values intrinsically. You can, on the other hand, fill your pockets with dollars and go to bali, in the speculation that you can exchange them for beer. It is not certain, you need to find someone who has beer and wants to sell. The risk is low, but not zero. The money is liquid. The value of the dollars is not that it can cool your throat, they can't. You have to speculate that you can exchange them for beer. Wen you get there, you are only loaded with money value.

You seem to think that intrinsic means absolute, it does absolutely not mean that. It does not mean static, it does not mean physical, or hard, or measurable. Intrinsic value is not better than money value. In fact, money value is better because it is more general. (Well your body exists in the physical world, so you sometimes have to consume something). You can easily google the words meaning yourself.

By erring in these definitions, it is impossible to discuss bitcoin with gold bugs. "But gold has intrinsic value!!! It shines!!!". Who cares? We are here to discuss money, and as you said, the intrinsic value of gold exists, but is small, the money value is the important part of the value, and bitcoin has only speculative, money value. That is what it is all about.

The newcomers have a hard time with this, because bankers and other politicians all the time wants to obscure what they are doing. Use the correct words and lay it out, and it is easily understandable for everyone.
legendary
Activity: 1862
Merit: 1009
last times the price hoovered around 290, a big dump happened and no 300 cross.

Be around 290 makes me more worried than when price was 240
sr. member
Activity: 323
Merit: 250
When do we hit 300$ again? Tomorrow, next week, next month?

Wake me up when we cross $500

Ok, you can sleep for 2 more winters. Wink
sr. member
Activity: 442
Merit: 250
Found Lost beach - quiet now
Wake me up when we cross $500
legendary
Activity: 1498
Merit: 1000
Good morning Bitcoinland.

I see that yesterday's little post-Grexit panic dump is a thing of the past and we're back to the slow steady grind upward.

Pretty much sideways in the $290s but with the lean in the right direction.

Let's see if the price rises when the banks open in Greece. Obviously the Greeks have all kinds of motivation to get their money out of the banks and into Bitcoin but can't do it with their funds frozen.

As for those in other countries with shaky economies who fueled this recent rally there is no reason for them to stop protecting their wealth by getting it out of the banks.

Interesting times indeed.
Banks open =/= capital controls though, don't expect much liquidity on the Greek side...
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
You have explained nothing, you seem to be fixated on the word intrinsic, and refuse to discuss what it is. In fact you got this right in a previous post: Gold's utility value is pretty low and its current price is mostly speculative.

By refusing to use the tools of the trade (the words, in this case), you at the same time refuse insight. It is common, but bad.


"Intrinsic" has a meaning. If economists (or Aztec) misuse that word and then go on to act as if it meant what it actually meant, then of course wrong conclusions will be drawn. Are we really just going to accept conventional economics on this forum or look closer and seek the truth? First principles man...

How many legs does a dog have if you call the tail a leg?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

I see that yesterday's little post-Grexit panic dump is a thing of the past and we're back to the slow steady grind upward.

Pretty much sideways in the $290s but with the lean in the right direction.

Let's see if the price rises when the banks open in Greece. Obviously the Greeks have all kinds of motivation to get their money out of the banks and into Bitcoin but can't do it with their funds frozen.

As for those in other countries with shaky economies who fueled this recent rally there is no reason for them to stop protecting their wealth by getting it out of the banks.

Interesting times indeed.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
wow go to $300 soon ...
How long does it take for a SEPA transfer to BTC-E to be credited to the account? thanks
They say up to 7 days, which is intentionally vague. I know SEPA is pretty much one business day, but not sure whether they sit on it before crediting the account.

Because when it's a huge pile of cash they can frontrun it.

well, at least that's what I would do...
hero member
Activity: 994
Merit: 500
wow go to $300 soon ...
How long does it take for a SEPA transfer to BTC-E to be credited to the account? thanks
They say up to 7 days, which is intentionally vague. I know SEPA is pretty much one business day, but not sure whether they sit on it before crediting the account.
legendary
Activity: 1092
Merit: 1000
wow go to $300 soon ...
How long does it take for a SEPA transfer to BTC-E to be credited to the account? thanks
hero member
Activity: 994
Merit: 500
Looks like $286-$295 is going to be where the price is at for a while. Let's see how long it is before we spend time above $300 again.
It has bounced nicely from yesterday's low. Bullish signal in place today. We should get back to 310 levels today or tomorrow.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
full member
Activity: 155
Merit: 100
Been away from the forum for awhile. Got fed up with sideways going and all the trolling. Happy to see that nowadays its a bit more quiet and less trolled here. Also happy to see that all linear downtrends seem to be broken and we might be set for some upside for a change. Lets hope we are up for some good times and possibly a moon trip Wink
legendary
Activity: 1859
Merit: 1001
Oh, this thread is getting bigger and bigger!

Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..

For sure, it's.

Why wouldn't it be not ?

Price may drop to $100 or something like this and I can lose everything very fast, right? Is it even possible? I'm really afraid of this.

Well, you will find my reply highly optimistic and realistic for me, so please don't understand as I'm encouraging you or anything.

First of all, always don't risk what you can't afford to lose.

Second, since first doesn't apply for me, because I'm all in, I can't see that bitcoin will go to zero or will take a high dip to $100, even if it took, I will be ultra-happy so I can buy more coins.

Third, as I always say, forget about the normal Joe like you and me, do you think all that bitcoin startups and VC with all effort, money and power put into bitcoin, is put without seeing tomorrow ? We are talking here about millions of millions.

At last, I see a better tomorrow with Bitcoin, not only me, a lot here agrees with me and we as a community march together for a better tomorrow, and let this reply be the witness Wink

ive read this numerous times - care to explain?
legendary
Activity: 2478
Merit: 1362
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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