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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31641. (Read 26609669 times)

sr. member
Activity: 266
Merit: 250
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.

False. The only manipulation is upwards.

The present situation = pumpers taking a break and natural market forces taking over.

Single digits by Tuesday? I'd dare say so.

That'd be amusing. All markets would instantly collapse under the sheer burden of buys.

All kidding aside though, the other day I was thinking... the only possible scenario where BTC goes back to single digits is on its way back to 0 if the whole experiment fails.
legendary
Activity: 1372
Merit: 1000
It's hard to believe I have something in common with climate science deniers.
I was converted over to Bitcoin and Austrian economic precisely because of my fundamental understand in environmental sustainability.  

Understanding of Environmental Science is the catalyst that accelerates Bitcoin adoption to the masses.  

I love that: "science" "deniers" - that's two appeals to authority in a single term. The climate change crowd is the most environmentally destructive out there. To care about carbon emissions over things that actually matter, like pollution, is anti-environmental alarmism. It's just an excuse for a global tax. I'm glad that whole charade is winding down, after changing its marketing from "global warming" to "climate change" after the earth refused to warm as commanded. It was one of the lamest spectacles I've seen.
I'm appealing to an authority called logic, deductive reasoning and quantitative results. Not individuals or collective irrational opinion.

I agree with your conclusion in so much as It's "used" as an excuse for a global tax. But that don't change the fact that our environment and natural resources are being squandered and destroyed as a result of centralized economic direction.

The solution to curbing environmental degradation is decentralization, "protection of property rights" and free market based economics.  Here I mean redefining the current understanding of those terms and would recommend reading works by Walter Block on Environmentalism.
sr. member
Activity: 252
Merit: 250

That's a strawman, but here: http://www.youtube.com/watch?v=AcWkN4ngR2Y

So according to the video:  If we're not running out of resources, why do we need to use them more efficiently?   Roll Eyes  

To deny we are running out of resources, is the true "economic ignorance".  We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite.  If we had infinite resources, our debt based system could go on forever, but it can't because we don't.  People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for.  This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down.
ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption.

Just because you agree with him, doesn't make him "right".  And your refuting evidence comes from BP?   I'm totally convinced now.  Grin
I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.

You have the right to your opinion and that's all it is.  An opinion.  My opinion, is that your opinion is not based in reality.  How can supply be growing faster than consumption when oil is the result of millions of years of decay?   Huh  If the oil reserves of the world were growing, we wouldnt need to figure out how to drill for oil in the arctic, or go through rediculously expensive processes to refine oil sands or invent ways to profitably extract oil from shale.  I mean really?  Are you really buying what OPEC is selling?  Because that's where your information is coming from.  These businesses, like BP don't spend money because they want to, they spend it because they have to.  If their current supplies were unlimited, they could just sit back forever and never explore again, while selling their infinite oil from their current reserves. 
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.

False. The only manipulation is upwards.

The present situation = pumpers taking a break and natural market forces taking over.

Single digits by Tuesday? I'd dare say so.
For mBTCs? Sure thing... Grin
hero member
Activity: 504
Merit: 500
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.

False. The only manipulation is upwards.

The present situation = pumpers taking a break and natural market forces taking over.

Single digits by Tuesday? I'd dare say so.
hero member
Activity: 686
Merit: 500
Ultranode
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.

False. The only manipulation is upwards.

The present situation = pumpers taking a break and natural market forces taking over.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.
Yeah, enough science. You don't get laid with CO2 (trust me)! Grin
legendary
Activity: 1904
Merit: 1002

That's a strawman, but here: http://www.youtube.com/watch?v=AcWkN4ngR2Y

So according to the video:  If we're not running out of resources, why do we need to use them more efficiently?   Roll Eyes  

To deny we are running out of resources, is the true "economic ignorance".  We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite.  If we had infinite resources, our debt based system could go on forever, but it can't because we don't.  People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for.  This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down.
ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption.

Just because you agree with him, doesn't make him "right".  And your refuting evidence comes from BP?   I'm totally convinced now.  Grin
I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.

I agree peak oil is largely overblown since it is essential just decomposed organic matter, but that does not make all resources renewable.  There are still finite limits on many things.
hero member
Activity: 686
Merit: 500
Ultranode
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.
sr. member
Activity: 406
Merit: 286
Neptune, Scalable Privacy

That's a strawman, but here: http://www.youtube.com/watch?v=AcWkN4ngR2Y

So according to the video:  If we're not running out of resources, why do we need to use them more efficiently?   Roll Eyes  

To deny we are running out of resources, is the true "economic ignorance".  We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite.  If we had infinite resources, our debt based system could go on forever, but it can't because we don't.  People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for.  This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down.
ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption.

Just because you agree with him, doesn't make him "right".  And your refuting evidence comes from BP?   I'm totally convinced now.  Grin
I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.


I had no idea climate scientists were so interested in Bitcoin.  This is great news for adoption.   Next we are going to see hair dressers and telephone sanitizers!


Let's hope it comes fast. I'm in need of a (bitcoin) hair dresser Wink
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
Quote
An increasingly globalised humanity is faced with climate change,
dwindling resources, overpopulation and technological upheaval.

Not a promising start: climate change BS, "running out of resources" fallacy (economic ignorance), overpopulation OK maybe, technological "upheaval" (is this supposed to be bad!?).

Quote
Desperate attempts are made to stabilise Earth's climate, as a
post-capitalist world begins to emerge.

More climate change BS, "post-capitalist"...stopped reading there.

Maybe I was too judgmental, but I can't imagine that someone so ignorant about the basics of how the world works (I think my high school teachers said the exact same thing as this) would have any reliable insight on the future.

yeah, the natural world is like a bottomless checkbook

we can just take take take forever and nothing bad happens

That's a strawman,


No

but perhaps I should elaborate.  For me this debate is large aesthetic.  I like forests better than strip malls, Fresh, non toxic, seafood better than processed soy, clean air better than the stench of sewage and unleaded exhaust, knowing there are elephants and polar bears in the world instead of trying to cram every last possible homo sapiens in.  Call me crazy.
legendary
Activity: 1025
Merit: 1000
Some pressure on the sell side...

Edit: and it's gone

full member
Activity: 168
Merit: 100
some might interpret that you're implying that climate change isn't real btw . . . .

The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however.

Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones.

Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately.
IT IS made up. There's a lot more CO2 produced naturally than artificially. This is a very nice way to get your tax money for their pockets. You can find out more here (and verify with your scientific sources).

http://www.skepticalscience.com/human-co2-smaller-than-natural-emissions.htm

That's why I hope Bitcoin prevails. I hate those guys.

I had no idea climate scientists were so interested in Bitcoin.  This is great news for adoption.   Next we are going to see hair dressers and telephone sanitizers!
sr. member
Activity: 252
Merit: 250

That's a strawman, but here: http://www.youtube.com/watch?v=AcWkN4ngR2Y

So according to the video:  If we're not running out of resources, why do we need to use them more efficiently?   Roll Eyes  

To deny we are running out of resources, is the true "economic ignorance".  We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite.  If we had infinite resources, our debt based system could go on forever, but it can't because we don't.  People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for.  This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down.
ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption.

Just because you agree with him, doesn't make him "right".  And your refuting evidence comes from BP?   I'm totally convinced now.  Grin
legendary
Activity: 1400
Merit: 1013
we are also dumping massive amounts of fertilizers and organic waste into our oceans.  This encourages algae blooms that  absorb dissolved oxygen and create more CO2.
And a not-insignificant fraction of that comes from overproduction of corn caused by ethanol subsidies.

Subsidies that were sold to the public under the guise of helping to solve the very problems which they cause.

Neat trick - convince the public that you need more money in order to solve a problem that's caused them giving you money and you can be set for life.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
It's true I've picked up only the picture from there (didn't read the whole thing). The idea is this though. A very small amount of CO2 is produced artificially.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
Interesting, mind linking some sources, books or otherwise of achieving a higher understanding of relevant environmental sustainability science please.  Thanks.
Not sure if serious, but "Collapse" by Jared Diamond is quite an insight into the relationships between several societies along history and their environments, the challenges they faced and how they reacted to them, which influenced their sustainability (it's not all about collapses, there are whole chapters about more successful civilizations, like Japan or Papua).

The worst part is how many people could see problems coming but failed to react because of tradition, selfishness, etc.
full member
Activity: 133
Merit: 100
some might interpret that you're implying that climate change isn't real btw . . . .

The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however.

Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones.

Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately.
IT IS made up. There's a lot more CO2 produced naturally than artificially. This is a very nice way to get your tax money for their pockets. You can find out more here (and verify with your scientific sources).

http://www.skepticalscience.com/human-co2-smaller-than-natural-emissions.htm

That's why I hope Bitcoin prevails. I hate those guys.
Posts like this make me afraid to buy bitcoin.
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