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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25864. (Read 26609043 times)

sr. member
Activity: 434
Merit: 250
I remembered I saw somewhere before that monitoring the increase in the number of bitcoin wallets is not a good metric to measure the rate of bitcoin adoption. But I cannot remember why that is so. Does anyone know?

Well in general monitor addresses isn't that useful as the more people are educated about not reusing addresses and they start using change addresses it doesn't really tell you much.

As far as wallets go, a single person can create 10 wallets on blockchain.info, the metric goes up but really there doesn't have to be any new interest for that metric to go up.

I personally think number of transactions (excluding popular addresses such as satoshi dice or pool payouts) is a better metric https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

Speaking of number of transactions....have you noticed that each "bitcoin boom" (as I like to call them) starts when the number of transactions reaches the previous bubble's?

I didn't know a single person can create 10 wallets. To be more precise, I suppose you mean account rather than person? I don't see the reason of having multiple wallets though. Multiple addresses I can understand but not multiple wallets.

I can see the number of transactions is increasing. To the moon!

I login to Blockchain.info just now and try to create multiple wallets. Can't do that.
legendary
Activity: 1512
Merit: 1005
Ragnar- one of the few newbies not on my ignore list  Cheesy

Careful.  He (Ragnar/Fallling) is garnering your trust.  Once your defenses are down, he'll betray you in a dramatic true-believer-realizing-he's-been-duped about-face.

Treacherous, these trolls Angry

I'd much prefer that to bitcoin_is_a_mirages approach, which is just plain boring.


I don't know, i chuckled reading about Warren Buffer.



Just waiting for the Warren Buffer stack overflow.
sr. member
Activity: 378
Merit: 254
...
No one is telling you to tell lies. Just say what bitcoin really is. Explain why it is a genuine technological innovation. Tell people about the history of money. Tell them about the gold standard, how it was decoupled, why value of currencies is eroded over time though it is no fault of theirs. Lastly, tell them what you know about the potential pitfalls of bitcoin. Leave them to make their own decision. Try not to impose your own value when explaining, you wouldn't want to do them a disservice.
...

Every time I bring up potential pitfalls of Bitcoin on this forum (not even the tech, just mundane stuff like "you're not guaranteed world domination), I'm made to feel like I just molested baby Jesus.  And, unlike JorgeStolfi, I'm a Bitcoiner (not that it should matter).
How about we practice what we preach?
legendary
Activity: 1176
Merit: 1000
The benefit of being a holder is i can now disappear off for a month and then get the surprise of finding out about the price when i return. The price could be back in the 6xx's or have plumbed new lows. A few low ball bids on stamp just in case.
sr. member
Activity: 378
Merit: 254

Bonus points:  Name the revolutionary money service in the pic Smiley
I am disqualified, I suppose...  Wink

Yes, yes you are.  Party pooper Angry  But everyone else wins Smiley

*Wonder if this pic was an intentional troll by Mr. Brewster?
--German Expressionism (Miasma/nightmare/breakdown of space/logic/reason; Germany's post WW 1 financial state<==Good Times!)
--Spectacular ...empty space.  Nothing in it Smiley

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 672
Merit: 500

And we have a lift off!!

I really like when green field is more up than down.

I was waiting whole week for that situation - but still like always I haven't got money to buy BTC - but I truly suggest that this is very good moment to buy before the price will go up $30+.


Regards.


Hahah, you again predicted the market, even fail to read many times.
I never saw even once when you were right to predict right.

I sure hope he isn't trading. I don't think i've seen anyone being so wrong so often here.
sr. member
Activity: 434
Merit: 250
bitcoin is not a scam. You had admitted earlier that "the distributed ledger is a genuine technological innovation which demonstrates that digital records can be held securely without any central authority."

Bitcoin itself is not a scam.

Telling common folk to invest in bitcoin because it is safer than stocks, because it will be worth a zillion in a few years, because it will be the currency of the inerne, etc. -- that is a scam.  Even, or especially, if supported by pseudoscience like the logscale straight-line extrapolation, the (total e-commerce)/(finite suppliy) argument, blockchain statistics passed off as usage statistics, etc.  Especilly if the victim is not told that the price will depend on the mood of the Chinese tea traders, that no one will care if his bitcoins get stolen, etc..

(TelexFree had a non-scam product, some uninteresting VOIP card.  The scam was getting millions of people to invest all their savings in the MLM scheme.)

No one is telling you to tell lies. Just say what bitcoin really is. Explain why it is a genuine technological innovation. Tell people about the history of money. Tell them about the gold standard, how it was decoupled, why value of currencies is eroded over time though it is no fault of theirs. Lastly, tell them what you know about the potential pitfalls of bitcoin. Leave them to make their own decision. Try not to impose your own value when explaining, you wouldn't want to do them a disservice.

Have you considered the scenario where bitcoin eventually becomes accepted and used by the majority of the people on this planet? Will the people whom you had advised hate you for that?

That is what I am very skeptical about.

I tell people why i am skeptical.  Ultimately it will be their decision to invest or not.  I will run the risk of being wrong.

Have you considered the scenario where the price will crash to 100$ or less?  Will the people whom you convinced to invest their savings at 800 $/BTC hate you for that?


I will tell people about bitcoin, the good part of it, the bad part of it. Actually bitcoin itself is a genuine technological innovation, like what you had agreed. It is when other forces interact with it, then there are potential repercussions. Like what I explained above, I will first provide them the context, i.e., the history and evolution of money, then our current money system, followed by the invention of bitcoin and its ingenuity, the major actors and their concerns (here you can mention all your different perspectives, political, social, etc), and lastly, what it means to them as an individual. I will explain to them how they should respond from a cost-benefit perspective. Lastly, and very importantly, advise them never to invest what they cannot afford to lose. If you want, you can adopt the approach I take and adapt accordingly.  Smiley
legendary
Activity: 1190
Merit: 1001
...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic Smiley

Neo&Booh
legendary
Activity: 1176
Merit: 1000

Bonus points:  Name the revolutionary money service in the pic Smiley
I am disqualified, I suppose...  Wink


I bought 0.2btc in the above enterprise before he ran off with the funds..
hero member
Activity: 910
Merit: 1003

Bonus points:  Name the revolutionary money service in the pic Smiley
I am disqualified, I suppose...  Wink
legendary
Activity: 1260
Merit: 1008
how many coins can the dumper own?

... at least 6k less now Cheesy

who knows.. maybe he sold to himself Smiley
hero member
Activity: 703
Merit: 502
...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic Smiley

one with a tenuous grasp on the actual size of Greenland vs Australia?
Greenland approx. 2,100,000Km2, Australia approx. 7,700,000Km2
sr. member
Activity: 378
Merit: 254
...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic Smiley
legendary
Activity: 1652
Merit: 1265
Again a sizeable dump. No follow-through selling from panicked weak hands. If there is no one left to sell then perhaps the bottom is near.

Hopefully get to buy a few more coins at below 500 dollar prices..

It's good that there are no more weak hands.

Hopefully there are a lot of panic buyers when a rally starts Smiley
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1008
Just ignore Professor Chinavolume, he's not interested in real conversations, ....

LOLed a lot, this made me spit my coffee all over the keyboard  Smiley
legendary
Activity: 1176
Merit: 1000
Again a sizeable dump. No follow-through selling from panicked weak hands. If there is no one left to sell then perhaps the bottom is near.

Hopefully get to buy a few more coins at below 500 dollar prices..
hero member
Activity: 574
Merit: 500
2k dump and no1 panics seems like people are just waiting to buy on a (confirmed) rallly...I will admit to be dumbfounded but I've been waiting for this long period after Tera explained she expected a long grinding capitulation ... so her words remain wise.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion.
And while there is not much historical evidence suggesting a government-less society would or would not function due to absence of data,...

I think you can safely assume the planet functioned perfectly fine billions of years without having a government.


Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.



Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.




If that's your understanding of what is government, then you have probably been watching too much Fox "news"


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