Bitcoin Forum
May 26, 2024, 12:01:29 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 »
281  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 11:51:29 PM

$500 million long leveraged in one single exchange? That's simply mindblowing.

What could be his exit plan?

People with that kind of money to throw around don't get that rich or risk that kind of money without some sort of edge. I would say he has inside information. In fact, I would say a lot of people have the information and that's why we are going to continue vertical until the news breaks.

That may be true, but notice how these types of bonkers positions never happen on legit exchanges like Coinbase Pro or Gemini. It's always on the fucking shady Chinese exchanges, where there is no transparency and nobody can really verify anything. The order books could be completed faked or trumped up.

I think it just further supports the idea that it's insider trading. You don't do that kind of thing on a regulated exchange unless you want to go to jail.
282  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 10:37:43 PM

$500 million long leveraged in one single exchange? That's simply mindblowing.

What could be his exit plan?

People with that kind of money to throw around don't get that rich or risk that kind of money without some sort of edge. I would say he has inside information. In fact, I would say a lot of people have the information and that's why we are going to continue vertical until the news breaks.
283  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 22, 2018, 02:25:15 PM
Check out this asshole



How can someone with so many degrees be so bad at math? There can only be one coin for the whole world and it's used like cash? How, 10 terabyte blocks? Asshat!
284  Economy / Speculation / Re: [b]GUESS LIST CLOSEST TO ATH @END OF THIS YEAR[/b] on: July 20, 2018, 08:53:32 PM
Put me down for $64000

Reason: I think something will trigger FOMO this year. It could be an ETF or collapse of a government or the beginning of another global recession.
285  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 17, 2018, 11:32:40 PM
https://www.youtube.com/watch?v=yxxgBJUcu18

Mastercard goes crypto?
286  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 13, 2018, 11:59:44 PM
I read some posts about IQ earlier and responses. At the end of the day, high IQ doesn't protect you from trolls. High IQ people understand the value of listening to every opinion. Occasionally these trolls are able to sway a person of high intelligence to part with a portion of their stack through social engineering and manipulation of the narrative on this forum and others. I know how hard it is, and my only advice is to leave the space all together and come back in a few years. Pursue other interests, get drunk, do something else, but for god's and for the betterment of mankind's sake, do not sell your precious few bitcoin to these manipulative, low intelligence, low moral character, low social character, lowlifes!!!! You will be rewarded for your intelligence and your fortitude but the time is not now, it is in 2020 or beyond...
287  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 11, 2018, 10:14:55 PM
ETF coming on 10th August. Very good for the price short term.

I predict a huge pump incoming and a dump on 10 Aug regardless of the decision
288  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2018, 06:14:49 PM
Every single word to this supposed Segwit issue is FUD. There is no attack, even at 51%, if you don't have valid signature data for every transaction, mining nodes will invalidate your block/chain and all you have succeeded in doing is creating a fork of bitcoin with you as the only miner and a shitcoin with a value of $0.
289  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 02:34:09 PM
What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.

What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.
290  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2018, 09:31:14 PM
Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...

OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.

But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)

I don't know where you are getting the ~24% projection but it isn't even close to accurate.
291  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 22, 2018, 08:43:51 PM
What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

They all think they are genius traders who are going to buy back lower. That is all.
292  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2018, 04:45:46 PM
How is producing 10 times the amount of money you have...not printing money out of thin air?

If not out of thin air, where does the new money come from?

It is underwritten by 3rd party debt - either sovereign, corporate or person debt.

A bank cannot simply create money "out of thin air".. They need to get an economically productive entity to underwrite it / "back" it with a promise of future productivity.


This makes no logical sense (although it is taught like this in universities). Money is supposed to represent production. It can only originate from production. Creating money to "represent" debt or future production is literally creating money "out of nothing". This is the problem with the current system, it is backwards and only exists because it allows governments and corporations unlimited power to steal from producers.

Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.

You and many others in this thread are basically saying
"Fractional Reserve is shit"

Let's not forget it's backed by Proof of War.

Actually, it is backed by the trust in it by the public. Once that trust evaporates, it will be worth nothing and war will not be possible. War is only possible with the consent of the public, either through awareness or manipulation of awareness.
293  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2018, 04:10:39 PM
How is producing 10 times the amount of money you have...not printing money out of thin air?

If not out of thin air, where does the new money come from?

It is underwritten by 3rd party debt - either sovereign, corporate or person debt.

A bank cannot simply create money "out of thin air".. They need to get an economically productive entity to underwrite it / "back" it with a promise of future productivity.


This makes no logical sense (although it is taught like this in universities). Money is supposed to represent production. It can only originate from production. Creating money to "represent" debt or future production is literally creating money "out of nothing". This is the problem with the current system, it is backwards and only exists because it allows governments and corporations unlimited power to steal from producers.

Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.
294  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2018, 05:41:41 PM
5920 and then hard rebound to 10k
295  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2018, 12:57:42 AM
I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.



real botom is 2-2.5. Even this forum "oracle" masterluc predicted that before. The sad thing is that this level can be for a long (2-3 years) period. Sad but true.

Hey, if there is someone left dumb enough to sell at that price, then we need to get there and get those coins bought so we can launch. I know mine aren't for sale until we are over 100k. That could take a few years but if someone wants to sell theirs for 2-2.5, then lets get there!
296  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2018, 02:16:55 AM
We'd be wise to remember that no exponential trend can continue indefinitely in a finite world.

We've had 8+ years of exp growth. I'd be fine with just 8 more years.

This would place the market cap of BTC at approx. 1 - 2 quadrillion USD (based on 175 day doubling).

Considering the USD won't be around in its current form by then, that sounds about right.
297  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2018, 04:23:41 PM
Hashrate vs Price all time (log scale):





Interesting. Log scale shows an almost inverse correlation between hash rate and price.  I wonder if this holds true for more than just the past year (didn't realize graph was all time  Cheesy). Did price dip with that big increase in hashpower recently?

Of course correlation =/= causation.

I am seeing a feedback loop. The price spikes lead to investment in mining gear and the resulting increase in hash power leads to the next spike in price which fuels the next round of investment in mining gear, etc., etc.
298  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 06, 2018, 04:47:39 PM
Blaming capitalism for the mess the governments have created.

top government people and top business people are... the same.

and the big corps are decidedly bad actors in the whole situation

Many feel, mistakenly in my opinion, that government needs to exist as a counter to corporate power.  They tend to cling to the fiction that government is an actual civic authority and not already hopelessly captured by the very corporate entities they, rightly, fear.

Corporate power and government power both stem from unsound money. If the whole world used the same hard money (bitcoin), corporations and government worldwide would have to prove their worth to secure funding and live within their means to pay their debts.

In a world of easy money controlled by the government and corporations, human nature will always lead to corruption and greed.

The fix is coming and the fix is bitcoin as the world's single reserve currency. Any country not backing their money with bitcoin in 20 years will see their own currency hyper inflate.

It could very well be that the first countries to do so will end up being the worlds new superpowers just like the US became after the dollar became the world's reserve currency.

I see nothing to take issue with in that.

I was merely elucidating the "progressive" viewpoint.  Many on the left are genuinely good people, fighting the great power as they understand it, with the tools they think they have.  True lovers of liberty would do better to educate than to deride.

I understand. I'm just pointing out that the differences between left and right are only possible because of unsound money. The whole debate and the differing views can only be possible in a world of unchecked power made possible by unsound money. All of the fighting between left and right would likely be mute if the world used the same hard money.

The free market would decide the demand for government services and corporations. When everyone competes fairly for limited resources, the only way to survive as a government service or private service is to provide true value that people demand their money be used for.
299  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 06, 2018, 04:12:30 PM
Blaming capitalism for the mess the governments have created.

top government people and top business people are... the same.

and the big corps are decidedly bad actors in the whole situation

Many feel, mistakenly in my opinion, that government needs to exist as a counter to corporate power.  They tend to cling to the fiction that government is an actual civic authority and not already hopelessly captured by the very corporate entities they, rightly, fear.

Corporate power and government power both stem from unsound money. If the whole world used the same hard money (bitcoin), corporations and government worldwide would have to prove their worth to secure funding and live within their means to pay their debts.

In a world of easy money controlled by the government and corporations, human nature will always lead to corruption and greed.

The fix is coming and the fix is bitcoin as the world's single reserve currency. Any country not backing their money with bitcoin in 20 years will see their own currency hyper inflate.

It could very well be that the first countries to do so will end up being the worlds new superpowers just like the US became after the dollar became the world's reserve currency.
300  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2018, 07:16:12 PM
bitcoin just had a 14.7% difficulty change upwards. that's the biggest since january. there sure is a lot of firepower out there somewhere.

The difficulty increased by 634 billion which is the largest increase in the history of bitcoin. The increase in this period alone is nearly equal to the entire network difficulty 1 year ago.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!