Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22233.

Dump3er

hero member

Activity: 1526

Merit: 597

Quote from: SilenceOfTheLamb on March 30, 2015, 01:49:25 PM

Quote from: empowering on March 30, 2015, 01:37:05 PM

...
geniouz

Not doing yourself any favors here, empowering. Back on ignore you go.

Quote from: SilenceOfTheLamb on March 30, 2015, 11:05:59 AM

Empowering!

I'm putting you on temporary ignore. Softhearted as I am, I'll occasionally unignore you--to check if you've learned to behave yourself like a human being.
Don't make this temporary ignore become permanent, empowering, there will be no more warnings.
You're this close Angry

We also should share our ignore list, to lock out low level content spammers and being focused on quality posts. This could help you:

Quote

adamstgBit
macsga
gotmilk_
Odalv
bassclef
ChartBuddy
JimboToronto
rolling
aminorex
inca
okthen
Torque
aztecminer
JayJuanGee
calme
madmat
dakota neat
coinableS
LFC_Bitcoin
Fatman3001

ensjovis

member

Activity: 84

Merit: 10

Quote from: adamstgBit on March 30, 2015, 02:17:06 PM

Quote from: ensjovis on March 30, 2015, 02:16:34 PM

Pretty obvious the reason for the rise right now.

what is it?

Federal agents stealing BTC is covered in mainstream media in the states.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: hdbuck on March 30, 2015, 11:39:06 AM

lol @ the mini pump up to 248$ Grin

You mean 250?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ensjovis on March 30, 2015, 02:16:34 PM

Pretty obvious the reason for the rise right now.

what is it?

ensjovis

member

Activity: 84

Merit: 10

Pretty obvious the reason for the rise right now.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: damiano on March 30, 2015, 02:04:09 PM

Battle for 250 coming up

249 . Resistance Is Futile

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Quote from: tarmi on March 30, 2015, 01:36:06 PM

also, this story about feds stealing bitcoins shows the weakness of bitcoin.

yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.

if you cant trust a government agent nor a drug dealer...why use it at all?

escrow is too much of a hassle.

It took more than five years for bitcoiners to understand that middleman and trusted third parties are not evil and that they play an important role in consumer protection.

...Actually, no, forget I said anything. I take that back.
...

After five years they still don't get it.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Battle for 250 coming up

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

SilenceOfTheLamb

newbie

Activity: 28

Merit: 0

Quote from: empowering on March 30, 2015, 01:37:05 PM

...
geniouz

Not doing yourself any favors here, empowering. Back on ignore you go.

Quote from: SilenceOfTheLamb on March 30, 2015, 11:05:59 AM

Empowering!

I'm putting you on temporary ignore. Softhearted as I am, I'll occasionally unignore you--to check if you've learned to behave yourself like a human being.
Don't make this temporary ignore become permanent, empowering, there will be no more warnings.
You're this close Angry

Ask Ken About Love

newbie

Activity: 56

Merit: 0

Quote from: sAt0sHiFanClub on March 30, 2015, 01:15:55 PM

Quote from: NUFCrichard on March 30, 2015, 12:51:56 PM

Quote from: Ask Ken About Love on March 30, 2015, 12:21:42 PM

Quote from: sAt0sHiFanClub on March 30, 2015, 12:14:21 PM

...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...

Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.

That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!

Sooner or later bitcoin will "benefit" from this too.

Of course, "Potentially" should have been emphasized. So it goes. But the point I'm making is that bitcoins value is a function of its share of the market. Even if that is expressed in overall volume, not actual value. But with QE, who knows what actual value is anyway.

"Potentially" in the same sense as "weather in Duluth can potentially move BTC value." Yeah, can't be ruled out, but the relationship is tenuous at best.

Re. "who knows what actual value [of USD] is anyway": the dollar value is measured by the amount of goods that it buys. For instance, a dollar can buy ~ twice as much BTC as it did at the start of this year. Easy

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: tarmi on March 30, 2015, 01:36:06 PM

also, this story about feds stealing bitcoins shows the weakness of bitcoin.

yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.

if you cant trust a government agent nor a drug dealer...why use it at all?

geniouz

tarmi

legendary

Activity: 1232

Merit: 1011

also, this story about feds stealing bitcoins shows the weakness of bitcoin.

yes, bitcoin is secure and everything, but what use of no-middle-man transactions when there is high probability that the other side will fuck you, because irreversibility.

if you cant trust a government agent nor a drug dealer...why use it at all?

escrow is too much of a hassle.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: tarmi on March 30, 2015, 01:18:58 PM

I'm not sharing my ignore list, but I will sell it to the highest bidder.

0.5 btc min increment.

starts @ 1 btc.

I'd pay 1BTC for NLC's ignore list. Yours is not so fancy as his Tongue

Oh wait. I forgot! I got him on ignore! Grin

tarmi

legendary

Activity: 1232

Merit: 1011

I'm not sharing my ignore list, but I will sell it to the highest bidder.

0.5 btc min increment.

starts @ 1 btc.

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: NUFCrichard on March 30, 2015, 12:51:56 PM

Quote from: Ask Ken About Love on March 30, 2015, 12:21:42 PM

Quote from: sAt0sHiFanClub on March 30, 2015, 12:14:21 PM

...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...

Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.

That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!

Sooner or later bitcoin will "benefit" from this too.

Of course, "Potentially" should have been emphasized. So it goes. But the point I'm making is that bitcoins value is a function of its share of the market. Even if that is expressed in overall volume, not actual value. But with QE, who knows what actual value is anyway.

Ask Ken About Love

newbie

Activity: 56

Merit: 0

Quote from: NUFCrichard on March 30, 2015, 12:51:56 PM

Quote from: Ask Ken About Love on March 30, 2015, 12:21:42 PM

Quote from: sAt0sHiFanClub on March 30, 2015, 12:14:21 PM

...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...

Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.

That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!

Sooner or later bitcoin will "benefit" from this too.

Nothing whatsoever to do with fractional reserve--substitute 5g of gold for $200, works exactly the same.

Norway

sr. member

Activity: 406

Merit: 251

Quote from: gentlemand on March 30, 2015, 12:49:58 PM

Quote from: Norway on March 30, 2015, 12:45:53 PM

Wow, thanks! There is no way for me to import the list automatically, but I'll use it as a reference and ignore when I see them. And I will start right now to weed out the most current. Thanks again! Wink

It's all a personal preference though. You might find some of those posters to be people who touch you deeply. The likelihood is not, but who knows?. My ignore list is considerably larger than that but I'm getting old now and wish to use my limited time left reading opinions that actually count for something.

I agree. And I'm probably older than you, he he. But I just cleaned up. Ignored the obvious from the list, left everyone I give a chance. And boy, so many comments are ignored!
It is time to clean up, but only trolls, not bears/bulls/stupid people. I'm from Norway, where trolls come from. I know one when I see one. (Most of the time. They have humanoid features....)

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: Ask Ken About Love on March 30, 2015, 12:21:42 PM

Quote from: sAt0sHiFanClub on March 30, 2015, 12:14:21 PM

...
If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
...

Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.

That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!

Sooner or later bitcoin will "benefit" from this too.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22233. (Read 26708204 times)