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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 06:19:26 AM
what's the highest this ETH has been @?

In USD? Today is the ATH, I think.


And again: You can't see the pertinence due to not understanding what I said, and you didn't understand what I said because you're stupid.
Work on not being so stupid, JJG.

2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 05:54:13 AM
P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?

ETH is worth waaaay less tho so obviously it dosen't have to increase as much in price in order for it to be doing "better" than BTC. I mean I only heard about this ETH today here but how long has it even been around? Don't get me wrong it does look promising but it could just be increasing from the BTC increase could it not? I'm not as clued up as many on here but that's the way it seems to me.

I'm not a macroeconomist. All I'm concerned with is how much more money I make by investing in gambling on ETH vs. BTC. Regarding how long it's been around: BTC has been around for a laughably short 7 years, while ETH has been around for 2. On the plus side, ETH isn't struggling to maintain just HALF of its all-time high after spending years in the toilet Smiley
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 05:50:21 AM
Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.

You ever consider how much it would cost to secure a "$20 trillion+" POW network? Taking into account that it costs ~25BTC/10 mins to secure it now, when the market cap is a mere 10 billion?
4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 05:39:58 AM
I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?
The banks don't need to cooperate. I'm talking about when the people choose to use Bitcoin instead of banks so Bitcoin gains some of the market share. I don't when you got here but I've been here for many years since before all these lame 'banking-integration' and 'blockchain' crap started.
Ah, sorry, misinterpreted the "one use case as a banking system to take over a $20 trillion+ banking system." My mistake.
You feel that world economy is going to go bitcoin? Sounds plausible.
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 05:28:52 AM
I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?

Re ETH being Turing complete: It's a nice gimmick, even "The DAO" is up 18%, and you need ETH to buy that, so DIY demand -- closest to a closed-loop economy crypto ever got.
Vitalik's a clever guy.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 05:04:49 AM
Quote
I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

40% is sorta a lot. But sure, anyone willing to pay too much for drugs on the internet because too pussy to actually leave Mom's basement? Yeah, they probably could find an alternative to bitcoin. Just like anyone determined enough to kill a bunch of people could probably smother them to death with a pillow. OTOH, bitcoins and auto/semi auto weapons are far more practical. See where this is going?

Finally, I didn't mean to imply that I'm anti-crime or anti-drug. Simply pointing out that those are bitcoin's only unique use cases.

P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 04:21:31 AM
Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.
BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Quote
Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.
Name one profitable blockchain business.

Quote
Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something  Grin always going to be criminal activity with everything that's has a value.
Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?
Ok, since you have it in for bitcoin, Do you like Ethereum or Dogecoin or any alts or anything digital? currency wise?  Huh

Edit: Personally I could really care less lol, I am just killing time waiting for my son to get here with some lime pie, that's what really matters!  Grin

Lime Pie only .004 BTC per slice! will except alt coins of equal value  Wink

What makes you think I hate bitcoin? Because I pointed out that it's ridiculous & so well suited for doing them khrymez?
Look, I love unreasonably fast street cars, those have no practical use whatsoever either.
Bitcoin is a [slightly more socially acceptable] form of gambling. I just find it hilarious when people pimp it by claiming it's anything but.
Re. other coins, ETH has been doing relatively well, and has a way cool backstory/pitch. Let me see how it's doing ...

Huh, not bad. Roughly ...what is it, like  x8 better than BTC?
...but ETH doesn't have BTC's robust fundamentals Roll Eyes
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 04:08:10 AM
I wonder if I should even respond to your nonsense.....
 

 

You may need to see the doctor for your inability to stay on topic, old cooter....


And again: You can't see the pertinence due to not understanding what I said, and you didn't understand what I said because you're stupid.
Work on not being so stupid, JJG.
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 04:01:26 AM
Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.
BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Quote
Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.
Name one profitable blockchain business.

Quote
Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something  Grin always going to be criminal activity with everything that's has a value.
Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 03:34:53 AM
You are just on and on about Ethereum, and it seems that you don't even believe the bullcrap that you are spouting.

Who the fuck knows about short term price directions of ETH?  I'm sure they can continue to pump Ethereum for a while, but there is just a lack of fundamentals - at least in respect to the decentralized aspect of it, and at some point it is going to have to come cascading down.  

Yeah, they can keep pumping it, but when there is a lack of some of the fundamentals, then sooner or later people are going to recognize the lack of there, there.  

Lol @ unironically trotting out fundamentals while invested in beetcoin.


I wonder if I should even respond to your nonsense.....

Yes, it's called fundamentals if you even considered facts beyond mere superficial quibblings around the word itself.  Fundamentals for bitcoin includes permissionless immutable decentralization that has been built upon quite extensively, which is a set of fundamentals that no other coin can meaningfully claim.  Yes, there are some coins that attempt some forms of decentralization and attempt to make meaningful improvements to bitcoin (such as monero and dash), and many claim decentralization in a kind of in-name only way, such as Ethereum, but many, including Ethereum, still do not have a decentralized proof of work infrastructure that secures a public ledger and presets value in such a manner that has been extensively time tested and attacked (like bitcoin has).

Your inability to call bitcoin by it's proper name, here, also goes to show that you are not even attempting to consider actual technical or use case facts.. because your goals appears to be denigrate, distort and make superficial and self-selective assertions.



Number of non-criminal unique bitcoin use cases that aren't contrived bullshit: ZERO.

What is bullshit, is you.  There may be a lot of folks who use bitcoin for legally questionable activities, yet you defy adult logic with your attempt to suggest that merely because there is quite a bit of questionably legal or even illegal activities within bitcoin, that the totality has no legal purpose.

I didn't suggest that it is impossible to use BTC for legal activities, or that no one has ever done it. I said that there are no unique1 bitcoin use cases that aren't contrived or bullshit.2
It is possible to drive nails with the butt of a broomhandle Mauser, and I'm certain people have done it, but:
1. You don't need to buy a Mauser to drive nails, and the broomhandle one is a particularly bad choice. You can drive nails with a hammer, or a rock.
Therefore, nail-driving is not a *unique use case* for broomhandle Mousers.
2. Please don't say "but what if you're in early 1900s China and you have to defend yourself from rival warlords and fix a lose leg on that little demilune that is held together with nails because Chinese. Because that's contrived bullshit.
Quote
Number of non-criminal bitcoin companies that have made money for their investors: ZERO.
I doubt that we have enough information regarding this point,
I got more than enough, thank you.
Quote
Number of non-criminal bitcoin companies that went belly up/simply ran away with the money: staggering.
You sound like a fucking old disgruntled and out of touch person-bot.

I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.
11  Economy / Speculation / Re: I locked the profit - SOLD ALL COINS on: June 14, 2016, 02:53:05 AM
meanwhile we are getting ready to leave with the rocket, and laugh at all your inflation and the corruption of banks.

Delusional optimism, dumb animal greed and self-righteousness, all muddled into a single sentence.
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 01:54:22 AM
I can not stress this enough:

the average amount of bitcoin people will have is less than 0.003 bitcoin

The average amount of bitcoin people DO have is less than is less than 0.003 bitcoin. Right now. Hazzah!
And the average amount of Dash people will have is less than 0.003.
And the average amount of BBQ coin people will have is less than 0.003.
And the average amount of [most_worthless_shitcoins] people will have is less than 0.003.

Why are people impressed by this? Does it imply that all shitcoins are astoundingly undervalued? Should I issue an alt with just 2 million max coins, making it x10 as valuable as BTC?
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2016, 01:37:01 AM
You are just on and on about Ethereum, and it seems that you don't even believe the bullcrap that you are spouting.

Who the fuck knows about short term price directions of ETH?  I'm sure they can continue to pump Ethereum for a while, but there is just a lack of fundamentals - at least in respect to the decentralized aspect of it, and at some point it is going to have to come cascading down.  

Yeah, they can keep pumping it, but when there is a lack of some of the fundamentals, then sooner or later people are going to recognize the lack of there, there.  

Lol @ unironically trotting out fundamentals while invested in beetcoin.
Number of non-criminal unique bitcoin use cases that aren't contrived bullshit: ZERO.
Number of non-criminal bitcoin companies that have made money for their investors: ZERO.
Number of non-criminal bitcoin companies that went belly up/simply ran away with the money: staggering.
What fundamentals are we talking about? A bunch of guys in China running casinos exchanges while their buddies turn electricity into waste heat?

At least ETH isn't associated with child porn/failed drug dealers & extortionists, has a better backstory & is profitable. Like so:



>and at some point it is going to have to come cascading down ... then sooner or later people are going to recognize the lack of there, there.  
Out of the mouth of babes and sucklings thou hast perfected praise Cheesy
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 12:25:47 PM

You eat a lot of acid huff a lot of gas, Miller, back in the hippie days?

Hey - I don't want to criticise your investment preferences. Just sayin.

Like I say - both have distinct markets and both are likely perfectly viable  Wink



Lol @ "investment."  Please! Why not be friends, we're both gambling on crypto. To a normal, adult investor, we both look equally retarded. You like your crypto dying and obsolete, you enjoy the stagnant retirement-home development pace, camaraderie of wheelchair-bound old friends & the calm, reassuring scent of disinfectant and poop. I prefer my crypto nascent, blooming with promise and infinite potential.
Let's just agree to disagree Smiley
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 12:04:37 PM

Edit: but feel free to explain to me how "Ethereum's gain (against $USD) is because people are buying BTC, not Ether" works Cheesy

Certainly.

Ever taken a train ride ? Well if the train's travelling at 80 MPH and you take a stroll to the buffet car for a coffee, you'll actually be doing around 82MPH - 2MPH faster than the train.

There's a reason that every exchange expresses all alt-coin values in one denomination only and thats because one coin serves as the front door for this entire market.

(And it ain't no Lego-Coin)  Grin
>There's a reason that every exchange expresses all alt-coin values in one denomination only

presto change-o!

>Ever taken a train ride ?
You eat a lot of acid huff a lot of gas, Miller, back in the hippie days?

>thats because one coin serves as the front door
Lol, Most exchanges have ETH/USD pairs. Welcome to 2016 Smiley
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 11:53:44 AM

Just paid for everything I buy with CC. Gives me buyer protection and cash back.
If it's about merchant acceptance, go fiat Smiley
You can't get buyer protection from a debit card?
[Shift on Coinbase comes to mind]
Just make sure you pay your CC ON TIME
and GTFO b4 the fees hit...

I can't get cash back (free money) from my debit card, but yeah, I use that too.
Why would I want to buy BTC, pay fees, all to turn it back into fiat with Shift/ Coinbase debit card, when my CC lends me money for free & pays me to spend it?

>pay your CC ON TIME
Yeah, that's what I've been doing. Paying my debts on time. Does that sound like an unusual concept 2 u?
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 11:43:44 AM

Relative market volume is higher.

If you want to invent metrics to suit your case and use "relative market volume" as a measure then I think you'll find you got blown away by YB Coin which had 32 times more "Relative market volume" than Ethereum  Wink
That's why market volume is only relevant when huge spreads develop, i.e. you can't sell enough of your coin @spot. Clearly that's not the case for ETH, it's growing at an astounding rate, the price is skyrocketing. Bitcoin, OTH? Struggling to stay 1/2 its ATH Sad
And that's OK, because it's not about money. BTC has a thriving, vibrant community Smiley

Just paid my hosting service with bitcoins.

Which service accepts ethereums?

Just paid for everything I buy with CC. Gives me buyer protection and cash back.
If it's about merchant acceptance, go fiat Smiley
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 11:34:06 AM

Relative market volume is higher.

If you want to invent metrics to suit your case and use "relative market volume" as a measure then I think you'll find you got blown away by YB Coin which had 32 times more "Relative market volume" than Ethereum  Wink
That's why market volume is only relevant when huge spreads develop, i.e. you can't sell enough of your coin @spot. Clearly that's not the case for ETH, it's growing at an astounding rate, the price is skyrocketing. Bitcoin, OTH? Struggling to stay 1/2 its ATH Sad
And that's OK, because it's not about money. BTC has a thriving, vibrant community Smiley

Edit: but feel free to explain to me how "Ethereum's gain (against $USD) is because people are buying BTC, not Ether" works Cheesy
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 11:13:11 AM
Why is ETH still a thing?

It isn't.

We only think about it because of all the shill/WUM posts we see about it here.
What's the TLA for "ALL-TIME HIGH"?



@toknormal
>Ethereum's gain (against $USD) is because people are buying BTC, not Ether.
Lol, so much rage and denial...
Life doesn't work that way, that's just stupid. There's absolutely no hope for you.

>volume on BFX lower.
That's because ETH market cap is lower ($1,335,143,924 vs. $10,767,115,121; 1/8), and BFX is not where people trade ETH. 24hr volume is $ 40,499,200, vs. BTC's 240,905,000; 1/6. Relative market volume is higher.

@marcus_of_augustus, there's no need to be upset. You also made a little money in the past 24 hrs. Only half as much as you would have by investing in ETH, but there's more to life than making money Smiley
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 10:49:06 AM
Why is ETH still a thing?

It isn't.

We only think about it because of all the shill/WUM posts we see about it here.
What's the TLA for "ALL-TIME HIGH"?

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