Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 878. (Read 26714840 times)
May 04, 2024, 06:01:15 AM
May 04, 2024, 05:55:51 AM
looks like 63k seller exhaustion
May 04, 2024, 05:49:05 AM
First of all an asset has to have either a stream of income - stocks give you dividends, bond give you a coupon, loans give you an interest rate, real estate gives you rent...
or it has to have some utility - housing, if you don't rent it, gives you housing services, commodity, you eat them, use them for energy, use them for lots of production stuff including precious metals
gold, silver platinum. Gold has utility also, is also used as jewelry has been used as jewelry forever (goes on a tangent about tacky bitcoin jewelry)... so, so, so either has income or has utility or
is used in industry or to be a stable store of value... has to be stable in terms of CPI or some index of prices. Somethings volatile ten plus... ten plus one day, twenty percent down the other day
or it has to have some utility - housing, if you don't rent it, gives you housing services, commodity, you eat them, use them for energy, use them for lots of production stuff including precious metals
gold, silver platinum. Gold has utility also, is also used as jewelry has been used as jewelry forever (goes on a tangent about tacky bitcoin jewelry)... so, so, so either has income or has utility or
is used in industry or to be a stable store of value... has to be stable in terms of CPI or some index of prices. Somethings volatile ten plus... ten plus one day, twenty percent down the other day
I'd have stopped him right there. Just from the length alone, that's clearly a definition that's crafted to fit an agenda.
An asset is simply something you own that has an exchangeable (market) value. You don't need to go further than that.
Now, you could argue that Bitcoin is not an asset but a distributed ledger but that doesn't seem to be the point he is trying to make.
May 04, 2024, 05:24:28 AM
what a sad way to think of pussy.
why not turn to cock if you think that way of pussy? @nohomo
May 04, 2024, 05:01:14 AM
May 04, 2024, 04:44:32 AM
May 04, 2024, 04:01:15 AM
May 04, 2024, 03:01:13 AM
May 04, 2024, 03:01:12 AM
Happy weekend 
May 04, 2024, 02:23:19 AM
Up-down and down up.
Weekly, monthly price ranging.
BTC on rinse repeat.
Weekly, monthly price ranging.
BTC on rinse repeat.
May 04, 2024, 02:20:55 AM
a little better-ish coffee morning
All ETF's where positive etc
Looking forward what the next days, weeks are gonna bring us ...
All ETF's where positive etc
Looking forward what the next days, weeks are gonna bring us ...
May 04, 2024, 02:02:52 AM
The debate was not interesting, almost nothing to report.
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Thanks for this. I will probably not watch it then. Can't stand Roubini and his nonsense. And if the Bitcoin team can't explain how Bitcoin is a store of value, then stupidity and closed-mindedness will dominate... What was probably needed was Michael Saylor to join in and set everyone straight.
Will be fun to interview Schiff and Roubini in late-2025.
Nouriel tries to create a definition for "asset" that excludes bitcoin and uses that as a basis for his argument that "Bitcoin is not an asset". I played stenographer and typed what I heard but with the Italian/Turkish/Iranian combination accent it's not easy and then when it's also dripping with disdain, it becomes really difficult because I just wanted to turn it off and make it stahp.
"Is it an asset? People say is an asset or a commodity.
First of all an asset has to have either a stream of income - stocks give you dividends, bond give you a coupon, loans give you an interest rate, real estate gives you rent...
or it has to have some utility - housing, if you don't rent it, gives you housing services, commodity, you eat them, use them for energy, use them for lots of production stuff including precious metals
gold, silver platinum. Gold has utility also, is also used as jewelry has been used as jewelry forever (goes on a tangent about tacky bitcoin jewelry)... so, so, so either has income or has utility or
is used in industry or to be a stable store of value... has to be stable in terms of CPI or some index of prices. Somethings volatile ten plus... ten plus one day, twenty percent down the other day
I mean it went from 2017/18 in to twenty then went down to three then went to sixty-nine then went to sixteen now it's gone up to seventy now down to fifty where is the.. which kind of stable store of value.
By the way we know the suckers...as you know, we know that the users... the user of bitcoin peak with the price going higher so at the peak everybody was "FOMO gets in" (unintelligible) suckers, the whales are selling it and when everything goes down the tube they sell at the bottom and they get screwed. Bought at the peak and at the bottom - that's reality."
Imagine having to put Bitcoin into a neat little category that already exists in your well-schooled mind in order to justify stacking some sats but you just can't find the right-sized hole to stick it in as you continuously watch it moon, in spite of your "logic" and ad hominem attacks all the while calling us the "suckers". I think that's reality.
Oh, by the way, how did shorting the US stock market in the 4th quarter last year work out for you Dr. Doom? Ha ha! Pwned! Sucker!
ain't nobody got time for that
thanks for taking the bullet and watching that shit..
One must be a brainless rock to think that Bitcoin has no utility... it's so far from reality that I couldn't even take it as a joke .. how can people be so retarded...
May 04, 2024, 02:01:13 AM
May 04, 2024, 01:25:02 AM
The debate was not interesting, almost nothing to report.
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Thanks for this. I will probably not watch it then. Can't stand Roubini and his nonsense. And if the Bitcoin team can't explain how Bitcoin is a store of value, then stupidity and closed-mindedness will dominate... What was probably needed was Michael Saylor to join in and set everyone straight.
Will be fun to interview Schiff and Roubini in late-2025.
Nouriel tries to create a definition for "asset" that excludes bitcoin and uses that as a basis for his argument that "Bitcoin is not an asset". I played stenographer and typed what I heard but with the Italian/Turkish/Iranian combination accent it's not easy and then when it's also dripping with disdain, it becomes really difficult because I just wanted to turn it off and make it stahp.
"Is it an asset? People say is an asset or a commodity.
First of all an asset has to have either a stream of income - stocks give you dividends, bond give you a coupon, loans give you an interest rate, real estate gives you rent...
or it has to have some utility - housing, if you don't rent it, gives you housing services, commodity, you eat them, use them for energy, use them for lots of production stuff including precious metals gold, silver platinum. Gold has utility also, is also used as jewelry has been used as jewelry forever (goes on a tangent about tacky bitcoin jewelry)... so, so, so either has income or has utility or is used in industry or to be a stable store of value... has to be stable in terms of CPI or some index of prices. Somethings volatile ten plus... ten plus one day, twenty percent down the other day I mean it went from 2017/18 in to twenty then went down to three then went to sixty-nine then went to sixteen now it's gone up to seventy now down to fifty where is the.. which kind of stable store of value.
By the way we know the suckers...as you know, we know that the users... the user of bitcoin peak with the price going higher so at the peak everybody was "FOMO gets in" (unintelligible) suckers, the whales are selling it and when everything goes down the tube they sell at the bottom and they get screwed. Bought at the peak and at the bottom - that's reality."
Imagine having to put Bitcoin into a neat little category that already exists in your well-schooled mind in order to justify stacking some sats but you just can't find the right-sized hole to stick it in as you continuously watch it moon, in spite of your "logic" and ad hominem attacks all the while calling us the "suckers". I think that's reality.
Oh, by the way, how did shorting the US stock market in the 4th quarter last year work out for you Dr. Doom? Ha ha! Pwned! Sucker!
May 04, 2024, 01:01:16 AM
May 04, 2024, 12:01:14 AM
May 03, 2024, 11:37:07 PM
The debate was not interesting, almost nothing to report.
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Two guys saying that bitcoin has NO value...not less value, but none.
Eric was very polite, but was repeatedly interrupted.
Eric is a "bitcoin" guy. Mooch is there just for the $$ and trading, but could not explain why he thinks that bitcoin is a store of value apart from the fact that more and more people have bitcoin wallets.
Sometimes, I think that P. Schiff does not even believe his own bs.
Roubini is just a establishment propagandist who cannot concede even when clearly shown to be wrong in an example by Eric.
...and we are positive for the last 7d. Nice!
Thanks for this. I will probably not watch it then. Can't stand Roubini and his nonsense. And if the Bitcoin team can't explain how Bitcoin is a store of value, then stupidity and closed-mindedness will dominate... What was probably needed was Michael Saylor to join in and set everyone straight.
Will be fun to interview Schiff and Roubini in late-2025.
May 03, 2024, 11:18:43 PM
You are absolutely no fun.
May 03, 2024, 11:01:14 PM
May 03, 2024, 10:01:17 PM
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