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1781  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2020, 08:51:41 PM

Hey, thanks to them even those who couldn't attend will turn blue by the end of the month.

Thanks, guys.
1782  Economy / Speculation / Re: Analysis on: March 10, 2020, 11:41:56 AM
IMHO the fundamental environment is so crazy right now... who knows what will happen.

Yes. I would not be bothering with TA at present. There are already people saying it's back to business as usual. Let's revisit that in 2-3 more weeks when Donald is ranting through his ventilator and people are eating their own tootsies to survive.

It will be business as usual at some point. This point certainly isn't it.
1783  Other / Beginners & Help / Re: How do you know when to sell on: March 09, 2020, 08:43:57 PM
I agree with the post above. In such matters, one must not succumb to external provocations. It is necessary to carefully analyze all the factors and have a lot of patience so as not to get into the prosak.

If you can manage that then you're already further ahead than 99% of people out there ever will be. It's very easy to say that when things are boring or you don't have large amounts on the line. Only the truly icy can maintain that when things are popping left, right and centre.
1784  Economy / Economics / Re: Bitcoin and Diamond on: March 09, 2020, 08:37:05 PM
Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.

The truly valuable diamonds are far beyond the means of normal buyers.

What you're left with is what De Beers has hoarded out the back and is selling on the high street. And that is not a store of value. The chances are good that you will not recover the money you put into it. They'll always be worth something to someone. That is not what most people would be looking for if they have an investment mind set.
1785  Bitcoin / Press / Re: [2020-03-09] Silver Lining for Bitcoin Amid Global Market Panic on: March 09, 2020, 08:29:17 PM
Investors from the different markets might be following each other because of the fear that it will even fall further and they aren't wrong on putting their capital in cash right now

I don't understand why more people aren't assuming that the more crypto buyers there are the greater the overlap there'll be with stock markets because they're the same people.

The earliest owners may never have been near a stock market in their entire lives and still plenty of newbies here never have. The newcomers arriving and making powerful buys did not get that money from using their graphics card back in the day. They came from conventional markets.
1786  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 08:14:58 PM
Wait, humour ups a brow when people get richer?

Correct. Before I got into BTC my only form of levity was whoopee cushions and fake dog turds left on the tongues of my nearest and dearest.

Now I can tell four hour dick jokes.
1787  Other / Beginners & Help / Re: How to store bitcoins in your phone (Not using Coinbase or anything similar) on: March 09, 2020, 08:02:57 PM
otherwise stick to desktop wallets. they are a lot better and so much safer.

In what possible universe is a desktop wallet safer?

It certainly is if it's on a machine that has never and will never see the internet again. Linux on something connected might be OK, I don't know enough about it.

If it's on a connected Windows machine, which is what most people will settle for, you'd be leaving yourself open to a million back doors that you won't know about until you coinage is gone.

I would always choose a phone wallet over a desktop Windows wallet.
1788  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: March 09, 2020, 07:57:41 PM
Are you implying that we're going to die because of metanet? How would that work?

He will come round your house with a paving slab and drive it into your forehead repeatedly until it comes out the back.

Then somehow BSV fans will claim that as a tech triumph because why not?
1789  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 07:48:20 PM
Y'all need to get your soiled buns to Ascension Island where there is no supply problem at all.

However toilet paper costs $1 per roll even when there isn't a worldwide pandemic.

https://twitter.com/AscensionPolice/status/1237022020975710209
1790  Bitcoin / Press / Re: [2020-03-09] Silver Lining for Bitcoin Amid Global Market Panic on: March 09, 2020, 07:13:25 PM
But I may be wrong. What do you guys think, why is this crash?

Because enough 'institutional investors' own enough BTC now. The first to go will be their riskiest asset. Same goes for less professional money.

Plustoken could be a thing too of course.

It's too soon to make calls about anything so let's see what happens in the coming weeks. You can claim uncorrelated when the wider market has basically done the same thing since Bitcoin was born - go up. When it stops doing that things might become a bit more definitive.
1791  Economy / Speculation / Re: bitcoin is supposed to go up of this corona! people are doing it wrong on: March 09, 2020, 06:58:38 PM
Bitcoin is going to get boned up the arse just like everything else. It'll eventually come back just like everything else too. Until then it's going to have a few more scares in store.

The only upside until the actual upside will be turning more people off normal money and on to alternatives that aren't the playthings of the desperate.
1792  Economy / Economics / Re: South Korea quarantines and burn their cash due to Coronavirus on: March 09, 2020, 12:46:52 AM
One of life's great pleasures is going to one of those Coinstar machines and feeding in vast amounts of coins. I can't think of much that's more satisfying.

However the most striking thing about the process is the colour of your hand after sifting through all of those coins. You finish up with a thick layer of grey grime. That often makes me wonder.

This seems like a perfectly sensible move to me. However it does nothing to stop spreadage once it's out of their control.


If cash is supposed to contract viruses then sick people should burn all their clothes, their cars and other things they touched. Why nobody is recommending burning tissues and masks after use but they want to burn cash?

There's nothing else in daily life that people handle on a near constant basis that has been handled by countless other unknowns. And they're heating cash, not burning it.
1793  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 11:28:41 PM
teleported himself out of trouble.

I feel deeply, deeply let down.

As soon as the irony stopped that mofo was dust.
1794  Other / Beginners & Help / Re: How to store bitcoins in your phone (Not using Coinbase or anything similar) on: March 08, 2020, 08:10:54 PM
I don't recommend Greenaddress especially for newbies.
 

Yeah. Fuck Greenaddress. I sampled it briefly and did not find it reassuring or intuitive at all. I seem to remember the desktop version of Jaxx at least having some security flaws and it looks like they haven't bothered with Segwit yet either on their latest wallet.

I've used Mycelium for years without any complaints at all. Note that is the Android version which is actively developed. Do not use it on iOS. That's abandoned.
1795  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 07:40:43 PM
Sadly he seems to be like Teflon... nothing sticks

When it's just empty lies about his own lies and magnificence it doesn't really matter. You could've had Mike the headless chicken as president and America would've ticked along adequately so far.

The present situation ain't no joke and it's pretty easy to guess how he's going to react to it as it develops. When he's giving up a thumbs up and boasting about his low numbers as he looms over a grandma puking up her own pelvis in a tent in a car park that will resonate rather powerfully.
1796  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 07:15:13 PM
I guess we need a complete bidet using tutorial posted here  Cool

My grandmother had a bidet in every bathroom. I didn't know what they were for many years or why they were there. Turns out she tore her sphincter to shreds getting a leg caught in a ladder and falling off it and it was a useless flap of skin from then on. I guess that made toilet time a rather messy and unpredictable business.

Cool story etc.
1797  Economy / Speculation / Re: Does the Coronavirus (Covid-19) make BTC to rise? on: March 08, 2020, 04:08:38 PM
There are zero positive signs for the world economy and in no scenario do I see any jolliness rubbing off onto BTC. It's going to get a kicking alongside everything else. When the only thing its ever known - a smooth ascent upwards from rekt - breaks then it's time to forget comparing it to previous behaviour and expect the unexpected.

We can be sure that by the time it's played out conventional monetary policy will be more deranged than ever and BTC will look more logical than ever. It could be a rocky ride in the meantime. No doubt governments and banks will go all out to combat it so all kinds of strangeness could happen.
1798  Economy / Service Discussion / Re: Cryptotalk Future on: March 08, 2020, 11:18:36 AM
I do not know any place in world where anyone can live for as low as 70$ per month ?

Minimum wage in Nigeria is somewhere around that level.

And as you say there would've been people hammering multiple accounts. I can imagine whole rooms full of them. Text spinning is a wonderful way for the family to bond together.
1799  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:56:50 AM
Same with the kitchen paper, which is a great substitute btw.

You think you're a genius with your 'toilet hack' for the first few wipes. Then you realise all it's doing it smearing it all over your undercarriage. Then your anus realises it has been sand papered and reminds you of it every few seconds for the next couple of weeks.

I'd go for leaves every day of the week.
1800  Bitcoin / Bitcoin Discussion / Re: Corona is spreading in many countries!! Bitcoin is a solution for transactions on: March 07, 2020, 11:22:08 PM
I wonder how much filth is on the average banknote vs the buttons on a card payment machine. The cash could've been laying dormant for days. A card machine in a supermarket will have been fingered by people who've been fingering rancid rent boys ten minutes before. I'll be using a pencil from now on if it goes above the contactless limit.

As for the original theme of the thread, no one gives a shit. Other than hopeful Bitcoin fans of course.
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