Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33069. (Read 26466143 times)

Your gifs are funny, but your reasoning is so retarded that I'm forced to think you're trolling.

Let me ask you a very simple question: don't you realize that debt money is bad money?

You already have LOTS of it. You already have a "global currency": debt. I really don't know what you're babbling about when you start with your "Ripple superior to BTC" song.

Honestly, are you serious?

Guys, you realize there's every other subforums for this kind of discussion, right?

This is only one of many reasons I choose Ripple as a better world currency alternative.  There are vastly more XRP's.  So many in fact, it could be literally hundreds of year, if ever, that you would need to calculate beyond the 3rd decimal.  It's nearly impossible to do this with Bitcoin because there are only 11 million of them and at most 21 million.  And that doesn't account for how many have been or will be lost forever.  I know what you'll say, "Bitcoin can be broken down to 8 decimal places."  What the vast majority of people say is, "Who cares, what a pain in the arse to deal with .00239484 of something."  And I agree.

If Bitcoin does survive, it will be as a store of value and nothing more.  But that IS a big deal in and of itself. It can not be a world currency because it can not do micro transactions.  There's no getting around that.  For Bitcoin to make that possible would undermine the security of the blockchain. (From my limited understanding) Some of these discussions, like this one, are actually filled with some sensible discourse on both sides, but in keeping with that tradition, you have to accept logic at some point.  What you want Bitcoin to be and what it realistically can be, are often 2 completely different things.

Bitcoin will never be a world currency.  Some other crypto very well may be and that could be a good thing, minus the ideological bible thumping of course.     But it's just not going to be a world currency.  No way, no how.  All that said, hoard away.  That's what it's best for.  I agree with some sentiments in, "Save" not be a slave to credit.  I couldn't agree more.  

Bottomline:  Hoarding Bitcoin does not undermine it as a world currency, because it will never be a world currency.  It is a store of value, use it as such.

  

To answer you I'll quote myself:


Fiat serves no purpose as an investment vehicle, so all fiat you have you'll want to spend or invest in something that appreciates in value. With a non-inflationary (or even deflationary) currency, the currency can serve multiple purposes! Use for purchasing stuff and appreciation in purchasing power (or conservation in purchasing power depending on how you look at things). So, if you use Bitcoin exclusively you'll spend the money that you intend to spend and save the money that you intend to spend. It's just that it'll both be in the same "holding"/"currency".

The fact that a something can serve both purposes at once seems to confuse people.

BTC is not about fast freeish transactions. It's about preserving and being able to freely transfer value, in a 100% decentralized and trust-free scenario. It enables you to completely control your wealth. I don't know if you understand the implications of this. And "saving" value is not necessarily inferior to "burning" value consuming just because money tends to be more valuable *NOW* than *TORROW*.

And, if the above alone was not enough, Bitcoin is also a way to scream *fuck off* at the face of a bunch of nasty gusty.

Yeah. Greed is a problem. Money and greed go together. Those are deep problems. Even deeper than Bitcoin. BTC is not designed to solve all the problems. But it solves very real, day-by-day problems,and even if it's not definitive, it's a step towards freedom.

This is appearing to be somewhat like a reverse head and shoulder. I expect it to retrace to $120 soon.

You bought at the top. I can relate, made this shitty move a few times too many.

Bought all back in at $112......wondering if I made a mistake.  Obviously missed the bottom, but was that just a false bottom?

that's why I said "here" . I know my isp is playing tricks , making half of websites in the world unavailable.
Third time this week this is happening.

Works for me.

Satoshi would outsmart the bear. He would play dead.

I pay people in bitcoin

I generally believe the bitcoin economy will unfold as Rick Falkvinge outlined back in 2011 ...

1. Unlawful trade - e.g. Silk road, criminal currency transfers.
2. International trade - wire transfers are too expensive, and credit cards are not accepted uniformly worldwide.
3. Merchant trade, e.g. credit card fees and fraud are too expensive.
4. Investment, e.g. like precious metals but no storage costs and supply is strictly limited.

It is shortsighted in my opinion, to focus on just one of these.

Risto Pietilä, who as a precious metals dealer frequented this forum a month ago, could make a great case for the last category. By the way, Risto I miss your commentary and wish you well.

clarkmoody down here , so, how important?

I asked to be paid in Bitcoin, they said no. So I'll just do it myself.

I see important walls starting at $106 and below.

*wild subject change*