Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4587.

savetherainforest

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Quote from: serveria.com on October 13, 2021, 04:17:17 AM

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

If Tulips would have lasted 4ever.. then everyone would have HODL-ed TuLips!!!

ChartBuddy

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julian071

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Quote from: BlackHatCoiner on October 13, 2021, 06:39:34 AM

Quote from: julian071 on October 13, 2021, 06:33:57 AM

I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies.

The intrinsic value debate.

Hehe that is long (but still interesting) thread about the definition of intrinsic value. I stand by my definition, defining it both as end-user value and as value from a 'production' point of view.

BlackHatCoiner

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Farewell, Leo

Quote from: julian071 on October 13, 2021, 06:33:57 AM

I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies.

The intrinsic value debate.

julian071

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Quote from: Poker Player on October 13, 2021, 05:04:03 AM

Quote from: jcojci on October 13, 2021, 04:35:16 AM

Quote from: serveria.com on October 13, 2021, 04:17:17 AM

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

I am curious what he will do after he sees this bubble Grin

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

Key word here is intrinsic value.

Had a conversation with two very intelligent guys recently, both worked on AI, and both were very sceptical about BTC (one mostly because he thought governments would never accept losing control over money). I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies. BTC has a great number of capital goods, only they are decentralised, coming and going, in the form of miners and full nodes. BTC has IP, only it is open sourced. It has development, only also more decentrally organised. They found that enlightening.

But of course the biggest intrinsic value is that it actually works to safely and immutably exchange value and store other valuable information.

And then there is this inflation thing.......

jcojci

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Quote from: Poker Player on October 13, 2021, 05:04:03 AM

Quote from: jcojci on October 13, 2021, 04:35:16 AM

Quote from: serveria.com on October 13, 2021, 04:17:17 AM

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

I am curious what he will do after he sees this bubble Grin

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

I wonder if he got paid to make that article and tell the public that bitcoin is not worth the investment because, as an expert, he should search for more info about bitcoin before writing the article. Many articles about the bad investment in bitcoin, but the author does not know anything about bitcoin and does not follow the bitcoin journey from the beginning until now.

BitcoinBunny

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I see they raised the debt ceiling in the US again.
What's the point having a ceiling if it's not a ceiling?

"Democrats, who narrowly control the House, maintained party discipline to pass the hard-fought, $480bn debt limit increase"

Hard fought?
Did they have a finger battle whilst drinking their coffee and wearing their silly masks?

Also the increase is just for 2 months, by almost HALF of BTC's entire marketcap, as if it's nothing. Something that took over 10 years and the entire world with millions of hodlers + endless computation power to reach.

But sure, BTC is the bubble....

ChartBuddy

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bct_ail

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https://t1p.de/6ghrf

Quote from: Sayeds56 on October 13, 2021, 04:06:39 AM

https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index

Interesting list. In my opinion, you can see very well in which countries there is a stable currency and a functioning infrastructure in the financial system.......and in which countries people still believe in it.

Quote from: serveria.com on October 13, 2021, 04:17:17 AM

So beware guys, Bitcoin is a bubble. Grin

And the World Bubble Day was on 5. October. So the day Bitcoin crossed the 50k mark again. Cheesy

I like Bubbles. Even in Winter, when you get frozen (soap) bubbles.

Poker Player

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Quote from: jcojci on October 13, 2021, 04:35:16 AM

Quote from: serveria.com on October 13, 2021, 04:17:17 AM

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

I am curious what he will do after he sees this bubble Grin

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

ChartBuddy

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jcojci

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Quote from: serveria.com on October 13, 2021, 04:17:17 AM

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

I am curious what he will do after he sees this bubble Grin

Maybe he is crying not involving in bitcoin.

serveria.com

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Privacy Servers. Since 2009.

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Quote

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value. Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. Grin

Sayeds56

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Eloncoin.org - Mars, here we come!

https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index

ChartBuddy

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OgNasty

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Feels like we’re ebbing and flowing our way higher and higher. Resistance continues to become support and the chart is looking good. I think we might need a little sideways action before we test the old highs, but I still see all the signs that an end of the month Halloween rally is in the cards for us. I would feel pretty good if I had November 1st in the pool as the date for a new ATH.

BobLawblaw

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