Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4884.

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

Lets look at inflation. 20 years ago vs now.
Price of a new car, 20 years ago. US labor statistics bureau. ~~Thats adjusted for inflation, etc.~~ everything in 2001 dollars for clarity
6.25% total inflation over 20 years.
Clothing
100$/94.24$
Deflation of 5.76%
Airplane tickets
Deflation of 6.40%
TV's are 96% lower. keep in mind this is an equivalent purchase. in 2001 you would not buy a 72 inch tv.

Everything related to technology and outsourcing is in a deflation state due to technological advancement, increased productivity and exploitation of 3rd world countries.

Now why do people think there is inflation ? Because everything related to goods that are commodities/consumables has inflation
BACON = 80% HIGHER
BEER = 50% HIGHER
ELECTRICITY = 60% HIGHER
GAS = 97% HIGHER

So our society = everything durable/tech = much cheaper all the time = increased quality of life for cheaper = better world
everything consumable = much more expensive all the time

Solution ? Just buy bitcoin.

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

Quote from: JimboToronto on August 21, 2021, 10:23:33 AM

Here? The Wall Observer? You've gotta be kidding.

Those of us who were here in 2013 are mostly doing pretty well. Why do you think we bought and held substantial Bitcoin hodlings?

I was actually talking about Bitcointalk.org, not this section/post. Also, you don't know how many of the people who are here since early days are still holding or not Cheesy

Cheers! My 400th post. <3

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Good morning Bitcoinland.

Up over $49k and ready for the assault on $50k... currently $49223USD/$63109CAD (Bitcoinaverage).

Go Bitcoin go.

Quote from: ImThour on August 21, 2021, 04:43:10 AM

Quote from: El duderino_ on August 21, 2021, 04:22:27 AM

Alright, let's not judge someone from the past. I am sure 80% of the people here wouldn't know the potential growth of BTC.

Here? The Wall Observer? You've gotta be kidding.

Those of us who were here in 2013 are mostly doing pretty well. Why do you think we bought and held substantial Bitcoin hodlings?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: philipma1957 on August 21, 2021, 10:18:03 AM

Yeah right. And if Mr V vanishes what happens to ETH?

They'll just roll it back to before his disappearance.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: suchmoon on August 21, 2021, 10:15:30 AM

Quote from: Richy_T on August 21, 2021, 10:01:37 AM

It says 4/7 so I'm guessing there's context?

Not really, he sounds like a shitcoiner - quite surprising considering he's claiming to be a dev of Blockchair, everyone's favorite block explorer - ranting about Ethereum and using Bitcoin as an example of bad "governance".

Yeah right. And if Mr V vanishes what happens to ETH?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Richy_T on August 21, 2021, 10:01:37 AM

It says 4/7 so I'm guessing there's context?

Not really, he sounds like a shitcoiner - quite surprising considering he's claiming to be a dev of Blockchair, everyone's favorite block explorer - ranting about Ethereum and using Bitcoin as an example of bad "governance".

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: shahzadafzal on August 21, 2021, 01:42:31 AM

What does he mean by here we are?

It says 4/7 so I'm guessing there's context?

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: aysg76 on August 21, 2021, 03:14:28 AM

This is only year inflation comparison and you can see how the much wood logs have been taken off the pile within one year.The trees have not increased this cost but government policies and extra taxation have done the same like increase in transportation cost and some other taxes.

The banks, government and inflation are robbing up you silently and your dollar bills are not gonna protect you even if you have them in bulk because it will also reduce in value.The smart and best choice is BTC so understand it's importance.

So holders are going to have $50k party at El duderino 's backyards which is quite impressive place Grin

so be part of it.

Inflation *is* crazy but lumber prices are back down and that's probably not a good picture to use anymore.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: suchmoon on August 21, 2021, 08:57:32 AM

Here we are, knocking on $50k. Outrageous.

If anyone wants $100k, I can already sell for that Cheesy

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: shahzadafzal on August 21, 2021, 01:42:31 AM

What does he mean by here we are?

Here we are, knocking on $50k. Outrageous.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: bitcoinPsycho on August 21, 2021, 04:25:39 AM

Quote from: El duderino_ on August 21, 2021, 04:22:27 AM

What a jack ass

What a broke, clueless jack ass who can't spell

Plot twist: He's now taking bcash as a salary

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

yeah inflation is more than just transitory wood prices. economics at work. everyone rushes to buy wood to build stuff because they have no lives and dont know what to do when the man stops telling them what to do, increasing demand, pandemic straining supply. Lumber mills go into overdrive and produce at max capacity, increasing supply. Demand goes back to normal. Price drops back to where it was before the pandemic.

Same happens with Bitcoin, except you can't produce more. So price just goes higher and higher and higher and higher and never stops

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: shahzadafzal on August 21, 2021, 01:42:31 AM

What does he mean by here we are?

That he likes bcash lol? Or he converted all his impure, blocks-tighter-than-a-nun's-slit btc into bsv?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

d_eddie

legendary

Activity: 2520

Merit: 3038

Nice call-and-response setup spotted!

Quote from: LoyceV on August 20, 2021, 06:21:51 AM

Two days ago (in Dutch): banks ban organisations based on their (political) opinion.
Yesterday (bloomberg.com): banks decide what OnlyFans can or can't show.

What's with banks wanting to decide how you can spend your money? I've read several similar stories lately, it's as if banks want their core business to be taken over by crypto!

Quote from: Phil_S on August 20, 2021, 02:35:56 PM

pretty cool:

https://twitter.com/jackmallers/status/1428429890957848591

TL;DR OnlyFans sex workers could be better off joining the Lightning Network.
;-)

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ