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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27981. (Read 26709950 times)

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas


Not that every person here uses the almighty USD, here is a calculator to show how much we/you are losing each year.

http://www.dollartimes.com/calculators/inflation.htm

Edit:
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.

Grossly underestimating inflation.  Clearly hedonically adjusted numbers.  Try a weighted basket of wheat, oil and steel some time.
hero member
Activity: 910
Merit: 1003
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.
10 BTC on February 1, 2014 had the same buying power as 18.31 BTC on April 27, 2014. 
Annual inflation over this period was 1246.66%.
legendary
Activity: 1680
Merit: 1045
legendary
Activity: 2324
Merit: 1125

Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.

I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.

Not that every person here uses the almighty USD, here is a calculator to show how much we/you are losing each year.

http://www.dollartimes.com/calculators/inflation.htm

Edit:
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.

Going to that website and playing with the numbers for half an hour should be a mandatory class in high school.
hero member
Activity: 574
Merit: 500
Some would rather be detractors of change, then be apart of it. Statements rooted in logic and facts summarized with conclusions akin to day time tv talk show hosts or Bill O'Rielly
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2338
Merit: 1035
Inflation is higher then 5% now too right? these powerwankers be trippin
legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread

Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.

I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.

Not that every person here uses the almighty USD, here is a calculator to show how much we/you are losing each year.

http://www.dollartimes.com/calculators/inflation.htm

Edit:
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.
hero member
Activity: 910
Merit: 1003
What is a dynamometer?  A simple way to construct one is to use a spring and mark equally-spaced lines to indicate how far the spring has stretched.  You can then place a "mass" on the end of the spring and measure the spring's stretch by counting lines.  You then say that "force is the change in the number of lines," but by doing this you are implicitly assuming that Hooke's law holds (that f = k x).  All of physics is a bunch of definitions and equations piled up on top of each other that are self-consistent and that explain what we see in the natural world.  They are human constructions.
Indeed, in another planet perhaps the scientists are underwater barnacle-like beings, so they have no force sensors in their non-existent arm muscles, never invented the lever (and balance scales), pulley, and inclined planes, and never noticed of Hooke's law; until one of them defined force by f = ma and went on to find that this abstract concept obeyed many interestting properties, including Hooke's law and weight = g m.

But that is not how things happened on this planet, sorry.

Satoshi Nakamoto once said [ ... ] When Newton wrote "Principia," he planted the seeds that would change mankind's perception of reality over the next several hundred years.  When Satoshi wrote "Bitcoin: a peer-to-peer electronic cash system," I would argue that he did the same thing.  

I think if you were alive in the days of Newton, you would have been a bishop of the Catholic Church.

Wait, I thought that I was the lone odious heretic in this thread who dared to question the Holy Words of Satoshi (as properly corrected, expanded and interpreted by the numerous Reverend Fathers of the Holy Church  of Bitcoin, who, according to themselves, were appointed by Him to spread the Word and prepare mankind for His triumphant Second Coming).  Wink
hero member
Activity: 767
Merit: 532
Did anything ever happen with the bet between rpietila and windjc???

2nd base but no penetration
legendary
Activity: 2324
Merit: 1125
Did anything ever happen with the bet between rpietila and windjc???

It didn't happen as far as I'm aware.
legendary
Activity: 896
Merit: 1000
Did anything ever happen with the bet between rpietila and windjc???
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?

There is always variation with any group, and there are more extremes.



For bears: How long should bitcoin price rise and to what price that we can call this dip over?


The extreme bears will continue to be such; however, if we were to sustain a very slow and incremental rising trendline from now until $3,000 over a few years, many of the bears would convert by the time we reach $1000 or so.





For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?



The extreme bulls will continue to be such; however, if we were to sustain a very slow and incremental downward trendline from now until $50 over the next couple of years, many of the bulls would convert by the time we reach $150 or so.



legendary
Activity: 2324
Merit: 1125
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?

Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.

I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.

Steal your wealth?
sr. member
Activity: 434
Merit: 250
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?

Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.

I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.
legendary
Activity: 2324
Merit: 1125
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over? - $800 maybe
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now? - $50

Those numbers lie very far apart.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Have a nice one fellas. Goodnight from Greece.

thanks for dropping by!

later dude.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
Hahaha @ Much Moon Coming Soon!  Cheesy

LOL

I lik the "secret abbreviations" from this thread:

CCMF
MMCS


Cheesy

Someone should add them to the urban dictionary Wink
legendary
Activity: 1680
Merit: 1045
To accept Bitcoin you need to understand Bitcoin and to understand Bitcoin, you need to understand fiat and that's just too much to ask for most people. At least until their bank accounts are being restricted or they're being paid in billion dollar bills.

It will come.

This. Why would people switch when they don't come in to contact with the flaws of the system they are already using?

When getting stuffed into a train on it's way to Auschwitz many probably were thinking, "I should never have stitched that yellow star onto my jacket." And (hopefully!) IBM were thinking "Shit, we should never have helped the Nazis with that punch card system!"
legendary
Activity: 2338
Merit: 1035
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over? - $800 maybe
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now? - $50
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