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401  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2020, 01:21:25 AM
https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus

Worldwide google trends for Coronavirus appear to have peaked during Thursdays biggest stock market crash in over 30 years.

China search trends peaked many weeks ago and they have been busy getting back to normal while the rest of the world panics about something thats killed less than a tenth of the number of yearly snake bite deaths.


This suggests to me we have reached peak fear and the path forward is up.






I will believe that when all western countries (including US) are already on lockdown. Then it will probably be up from there.

I do fear the reaction of american people when they get ordered to lockdown and many american business being temporarily shut down.
402  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 10:08:47 PM
Interesting times indeed.

Centuries to come and the history books will tell about the 2020 Worldwide Toilet Paper Crisis. No mention of the virus though.
403  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 09:48:29 PM
But no one should be waiting for any government's permission to do sensible things to protect themselves.


Yes, and no. I mean, you can take a lot of preventive measures but unless the rest of the population follows, your job is ruined in the end. I have been extremely and gladly surprised how well the people have taken and is following the measures now.

But, before the government started announcing the serious measures many people were not taking it seriously either: ie. Many (not all!) people from Madrid going out to the south beaches instead of staying at home as if this were a fucking holidays.

It has been necessary to step up and order a nationwide lockdown and close every leisure business (and even the beaches) everywhere so now there's no point in going anywhere else than staying at home.

Now everyone will stay at their homes in the hope that things get under control asap and maybe there won't be needed an extension of the full lockdown after this 15 days pass.

If this was more than really needed... well, at least it would have been a GREAT massive emergency drill that might come handy the next time the shit really hits the fan.

To be honest, I would have never thought the people would react so well to this massive amount of behaviour change... more so when this is not some directly perceivable menace. I am stunned. Interesting times.
404  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 08:48:17 PM
Spain enters official nationwide lockdown.

So does France from midnight.

Looks like everyone is starting to take this shit seriously. Except maybe UK... I donno if it is because they are doing good or ignoring the problem.
405  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 08:21:54 PM
Spain enters official nationwide lockdown.
406  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 01:48:36 PM
I always finish off with baby wipes.  Wink

Finish off with ? Dude, all I use are Cottonelle Flushable Wipes. It's like a touch of heaven for my asshole.

Took a monster dump this morning. One of those that breaks the surface tension of the water-line, and forms an island of shit in your bowl. Cashews man. Great stuff to clear me out. Anyway, 3 sheets of the Cottonelle wipes, and my asshole is left sparkling clean.

 We're on the way to another town in search of hand sanitizer.  I'll look for some of those cottonelle flushable wipes... and some cashews  Shocked

Make your own. Isopropylalkohol 80% and some aloe vera is all it takes.

Or mixed with glycerin.

Or just use the alcohol straight. No, wait... are we talking about cleaning the hands or cleaning the asshole? The distinction is important in this case.
407  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 01:41:34 PM
McAfee's not having it, send out a drone.
Never mind, he's already hit the self destruct button.

Quote
We are destroying our economies,
...
Just watch!)
https://twitter.com/officialmcafee/status/1238792173019070464

Great, McAfee makes a prediction about the virus, that means now we know for sure the exact opposite is true and this will be devastating. Seriously though, can anyone remember the last time McAfee was right about... anything?

Late 80's or very early 90's probably. Almost no false positives and good detection rate. Mostly accurate.
408  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 01:16:08 PM
People where I am right now seem a little more panicky.  The store shelves are essentially stripped bare.  


Here we have basically gone from zero to 10 during the past few days. Even if where I live we are not really at lockdown the streets look empty, people is staying at home (as recommended).

There have been some procedures implemented at supermarkets, like giving you a pair of gloves when you enter that you need to use to avoid touching anything with your bare hands, security distance between people on queues, etc...

The profilactic measures are generally being taken very seriously and people is mostly very conscious and responsible (which is something that has surprised me A LOT!).

If there weren't a complete lack of masks supply I am sure almost everyone would be wearing it.

Really, it is surprising how well the people is adapting to this situation. I am stunned.

Of course the economic loses will be *HUUUUUUUUGE*. But life will go on.

After this flu drill, I have confidence that we are ready for a zombie apocalypse!

P.S.: Only thing is that with everyone being at home, some internet providers are experiencing some minor disruptions... If it escalated they have orders to filter out video streaming (unicast - mostly netflix, hbo and the like) services.
409  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 12:21:15 PM
I read some of those coins were sold on exchanges didn't move in the last 10 years.

Tip of the iceberg? Weak hands? You decide.

I am cool btw. I am focusing more on my business, will also follow my (new) DCA plan. Hopefully I won't make the same mistake this time.

I always thought It wouldn't come near of my point of entry price. which was 4700. The moment I saw it at 4000 I was about to lose my mind in the middle of the night 4.00AM... I am over it now. New day, new opportunity.

That's the attitude. Mistakes do happen but in the long run they are experiences and life goes on. Glad to see you back and with a new perspective.
410  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 11:15:40 AM
Perhaps you might even be able to figure out that 1 USD at time t (e.g. in the year 1995) is almost never the same as 1 USD at time s =/= t (e.g. today).

Yes, it is. 1 USD = 1 USD, always, every day since April 2, 1792.

Your example doesn't hold regardless of the presence of a central bank as it concerns the argument at hand.

 Roll Eyes

My example was serving to make what you were saying more logically palatable, and then you mangled it to make it once again illogical.

When bitserve said this:

It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.

he is _clearly_ talking about a reflexive property here, X = X. You are arguing against that, saying no, X doesn't equal X because X before is different than X now. While its value changes, the USD is not inherently different. It is always the same denomination of legal tender to be used in the U.S. for goods and services. The _value_ as measured against a basket of currencies or a gallon of milk or whatever is different -- that is a characteristic of X. You're just saying flat out X ≠ X, which is dumb.

This is exactly what I meant... explained in better words and proper notation.

I didn't expect something that simple would cause that much arguing, more so when the differences between BTC and USD are clear and we all agree on that... but that is a completely different thing that has nothing to do with the fact that both are equal to themselves... as absolutely everything is (equal to itself).

Anyways, "1 BTC = 1 BTC" is a strictly true statement and many people will keep using and giving it whatever meaning they want. This is fine.
411  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 02:50:13 AM

Again, USD changes functionally while BTC does not. The latter is 100% predictable and reliable, the former is up to the whims of the printing press. What was 1 USD last week is no longer 1 USD today. And unlike with BTC that is not due to 'relative value' to other goods based on supply and demand.

Nobody would've been able to almost eradicate entire nations if BTC was the currency of choice, because the functionality is consistent and constant over time. Meanwhile with central banks and fiat currencies all it takes is some good old hyperinflation or complete loss of trust which turns fiat from money into useless paper.

The only way you can accurately argue $1 = $1 is if you refer to the paper and its specific print. As money this is untrue.

Yes, I do agree with your comparison between BTC and USD. That's why I do like BTC.

But still...

1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here) = 1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here)

It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.

Like "cmqñljer=cmqñljer" where I don't know what "cmqñljer" really is, nor its characteristics, nor I do really care... but I can safely say that 1cmqñljer = 1 cmqñljer.

But... If I wanted to really explain its advantages I would focus on them instead of just saying that 1cmqñljer = 1 cmqñljer which I don't think is a very good argument to convince anyone. And the same applies to 1BTC = 1BTC.

Anyways, people will keep repeating it at each and every dump as some sort of miraculous Vodoo. I know. I will just have to live with it as I have done all this years Smiley
412  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 02:16:58 AM
Btw, 1 USD = 1 USD. So what?
1 USD =/= 1 USD due to money printing.

Wrong. You are talking about relative value here. If so, then 1BTC != 1BTC too.

And that not even considering forks and some other shit........
Relative value comes from supply and demand. Central banks are not just devaluing currency with the printing press, they are functionally changing and corroding it.

It's as if they had the power to make your computer worse just by printing some more, which is obviously not the case for computers. Yes, the relative value of computers changes if you shit out a lot of them, due to basic supply and demand.

They do however retain the same absolute functionality no matter how many there are.

This is not the case with fiat currency. If you print too much of it fiat loses all of its functionality as money and this happens on a gradient, e.g. the more you print the more useless your currency becomes.

If you create an infinite amount of computers the only thing that will happen is that everybody will be able to have a pretty nice tool.

Some of those points are strictly true and some are arguable. Anyways, no matter how many differences you can enumerate between USD and BTC... those are all inherent characteristics of each USD and BTC. And considering all those differential characteristics still 1 USD = 1 USD and 1 BTC = 1 BTC.

Unless you are comparing 1 USD that is not really a USD (with its inherent government controlled inflation) and a different USD (like, I donno, one that is completely different?). But that would the same than comparing one Bitcoin (BTC) to one Bitcoin (Bcash lol). They are different things, so the equal thing is not really valid even if some people might try to argue they are.

Anyways none of this really matter...

As a maths guy, can you say 1BTC = 1BTC and, at the same time and for similar reasons, say that 1 USD != 1 USD?

And... even if you can (wtf?) do you really think that is a good moto to use to show the differential advantages of BTC? I think it is a completely ridiculous one. Btw, 1BSV = 1BSV too.
413  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 01:19:05 AM

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.


Slightly off topic:

Quote
A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520


It is 120 for me but maybe they changed the conventions about the order of the operations or it is different depending on the country or it is using a different base?

But yeah, I get your point... even an equal sign (as in 1BTC=1BTC) might mean whatever someone wants it to mean... even if according to their very own "rules".
414  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 12:57:04 AM
Btw, 1 USD = 1 USD. So what?
1 USD =/= 1 USD due to money printing.

Wrong. You are talking about relative value here. If so, then 1BTC != 1BTC too.

And that not even considering forks and some other shit........
415  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 12:55:36 AM

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?



1 USD= 1USD
sure.
Do you know the meme of the emptying cart, this well explain that even if 1 USD has always been equal to 1 USD, the true value (something similar to purchasing power) has been going down since inception (or 1971 at least).

So once again,
saying 1BTC=1BTC you are implying your numera ire, your basic unit of account,  is the BTC, not the dollar.

Your numeraire, your store of wealth, is the BTC, not the USD.
You are not investing USD in BTC (and price is going up).
You are investing BTC in USD (and price is going down, hence, don't hold in USD more than you are willing to lose).

When you increase your Bitcoin account you are not buying  BTC! You are selling USD!

This is, to me, the true meaning of this sentence.




I do understand what they think they mean... it is just that it is nonsense.

You now say 1 USD = 1 USD (because that's not arguable) but also say, as if it was a differential advantage of BTC, that the "true value" of USD has been going down. Great... because that's exactly what I mean when also BTC "true" value has come down... as in past days dump. In both cases, it doesn't mean anything if 1USD=1USD or 1BTC=1BTC. Also, something that obvious (it's a fucking equal not even a function) doesn't need to be repeated as if it were gonna change anytime soon. It won't. I know 1BTC will always be 1BTC.... no matter what that implies.

Also, when I do increase my BTC count 1BTC=1BTC... but look, when i do sell my BTC... 1 BTC still is equal to 1BTC! Wow! Magic!

The supermarket cart, OTOH, is a *GREAT* example/moto to use. 1BTC=1BTC is lame.

I guess we can agree to disagree on this one. I will never think it is a good slogan/moto to use when talking about BTC... much less during a dump. It sounds like the typical loser statement to me. As in... "the important thing is to participate, not to win"... Yeah, right.

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.
416  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2020, 12:17:32 AM
Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

Same here but with folks saying "I'm long-term bullish". And "long-term" tends to mean an even longer period of time. Last year such peeps mentioned 2022. This year I saw 2024 even 2030. F*ck I'd punch them straight in the face IRL.   Cool  And what is pissing you off?   Grin

Wut? We are all going to die and you ask me that??!?

Nah, I am not really pissed. I just decided it was about time to say what I thought about that statement after many years of suffering it in silence.

The long term thing is different... first everyone have different considerations of long term and also price expectations change over time depending on circumstances... But... 1BTC being equal to 1BTC? Gimme a break......
417  Economy / Speculation / Re: Halving, who's closest with actual Nrs TAKE A CHANCE on the LIST !!! on: March 13, 2020, 11:50:55 PM
So does this contest have an Act Of God clause that subtracts 50% from everyone's prediction for events like this? It certainly should do. And I think there should be a special clause just for Extinction Level Events like asteroids that takes 80% off.

Knowing you've won as a 2000ft wall of Atlantic ocean roars towards you could offer some comfort before you're gone.

I have heard rumours that the contest will be cancelled due to coronavirus.

Probably the Dude should come here and do a speech to calm the masses and tell us all is well.

Also I would like to know what measures are being taken to avoid panic from spreading between participants.
418  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2020, 11:32:06 PM
@Geovanydesiju10
Quick Reminder" No one holding #bitcoin  lost anything Example: If you had 0.01BTC Before this Market sell off Guess what: You still have 0.01BTC in your wallet You only loose if you anxiously try to convert BTC to worthless FIAT
https://twitter.com/geovanydejesu10/status/1238564266879471618?s=21

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

C'on, Bitcoin dumped, it fucking sucks... just accept it like a man and don't invent silly excuses that mean fucking nothing! Tongue

Look how the same idiots start going full party when Bitcoin moons... wasn't it already 1BTC = 1BTC? C'on....

I "lost" a shitton of paper profits. There's no need to sugarcoat it. All this will pass when Bitcoin really moons.

The true meaning of this sentence is that if you are a true believer of Bitcoin you start thinking in Bitcoin and not in fiat.
When Bitcoin will be fully victorious over the FIAT Shitcoin, you won't change it back to Fiat.

So yes, fiat went up recently, don't worry. It is a rare occasion.
Fiat has been going down consistently over the last decade, so I can't understand how a very short lived fiat bull run can undermine the downtrend that started 10 years ago.
I strongly advise you to sell all your remaining Fiat as soon as possible!

***NOT FINANCIAL ADVICE*** Do not invest in fiat more than you can allow yourself to lose.


So you are expecting Bitcoin to raise in price vs fiat long term but you still think saying 1BTC = 1BTC has some meaning?

I do think in BTC terms because I do care a lot about my personal BTC count which I always try to keep increasing... that's a number that have a lot of meaning for me. I also do care about how good my BTC is doing against other assets (like USD). That's another number I do care.

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?

Wouldn't it be better if we focus on differential advantages of Bitcoin as an asset class, store of value, currency or whatever instead of repeating the same nonsense shit that could be said about EVERYTHING?

I have had this inside of me without voicing it... I really don't care... But yeah, I have always thought that each time I read that phrase.... for years now. Some day I had to let it go out. Smiley
419  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2020, 11:20:36 PM
@Geovanydesiju10
Quick Reminder" No one holding #bitcoin  lost anything Example: If you had 0.01BTC Before this Market sell off Guess what: You still have 0.01BTC in your wallet You only loose if you anxiously try to convert BTC to worthless FIAT
https://twitter.com/geovanydejesu10/status/1238564266879471618?s=21

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

C'on, Bitcoin dumped, it fucking sucks... just accept it like a man and don't invent silly excuses that mean fucking nothing! Tongue

Look how the same idiots start going full party when Bitcoin moons... wasn't it already 1BTC = 1BTC? C'on....

I "lost" a shitton of paper profits. There's no need to sugarcoat it. All this will pass when Bitcoin really moons.

let's differentiate into ppl which are invested with money they are able to lose and other ppl which are invested with money they need. the first group have the possibility to say 1 BTC is still 1 BTC after such a week and the others don't unfortunately.

It doesn't change the fact that saying 1BTC = 1BTC is still an obvious and completely empty statement. More so when they introduce it in the middle of a talk about actual price vs $. And repeating it every time Bitcoin dumps (surprisingly they don't say the same when it pumps) makes us look like fools.
420  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2020, 11:01:52 PM
@Geovanydesiju10
Quick Reminder" No one holding #bitcoin  lost anything Example: If you had 0.01BTC Before this Market sell off Guess what: You still have 0.01BTC in your wallet You only loose if you anxiously try to convert BTC to worthless FIAT
https://twitter.com/geovanydejesu10/status/1238564266879471618?s=21

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

C'on, Bitcoin dumped, it fucking sucks... just accept it like a man and don't invent silly excuses that mean fucking nothing! Tongue

Look how the same idiots start going full party when Bitcoin moons... wasn't it already 1BTC = 1BTC? C'on....

I "lost" a shitton of paper profits. There's no need to sugarcoat it. All this will pass when Bitcoin really moons.
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