1221
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 08, 2021, 08:07:20 AM
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is this canadian or australian, singaporan, or hong kong? Around here, we use gallons, but then liters, not litres. In TX, it is (in USD) $2.68/gal=$0.71/liter I know that it is pretty cheap comparing with EU. I think he was more so posting it because of the 69.69 That was the target those doge lovers were trying to hit for their ATH on doge day. Well it seems they should reschedule it for may 8th instead when their fearless leader will be making an appearance on a show televised live later on today in around 28-29 hours from now. WT actual F is going on with crypto? BTC and the number two (Vitalik's science experiment ) dumps while this coin hits it's ath at the same time. Here is a thread for you to show your frustration as I am in right now: https://bitcointalk.org/index.php?topic=5336007.0How can it be "televised live later on today" and televised "in around 28-29 hours from now" And I would guess Canadian because of the french spelling of "litres"
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1224
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2021, 09:00:19 AM
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I just ordered a Binance card (ViSA debit). I've no idea how long it will take to deliver. Not interested in trying the electronic (virtual) substitute before receiving the actual one.
Only binance accounts can be used to top it up - no transfer from the exterior. This looks like a clear case of "not your keys". On the other hand though, the description says it converts to fiat only when spending. No maintenance fee, so I can check the exchange rate for fuckery and avoid using it altogether if I don't like what I see. Does anyone have experience with that and want to share?
You inspired me, I just ordered one too It's cheaper for me to buy through the Binance card then to sell through Safello or bt.cx and then use that money to buy the same thing. Looking forward to see the physical card. will connect the virtual card to PayPal right away. Edit: Connection to PayPal successful. Will do a trial order and pay with PayPal as soon as my 0.02 btc reaches my Binance wallet. The coins just hit my spot account and I just transferred it to my card account, that transfer was immediate and free. Just paid for stuff I bought on Tradera, (an auction site, like Ebay, but Swedish) through Paypal. Worked flawlessly, I will be using this card rather than selling small amounts through my old channels in the future. 10/10 units of whatever is used as merit in your region, would recommend.
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1225
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2021, 08:42:52 AM
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I just ordered a Binance card (ViSA debit). I've no idea how long it will take to deliver. Not interested in trying the electronic (virtual) substitute before receiving the actual one.
Only binance accounts can be used to top it up - no transfer from the exterior. This looks like a clear case of "not your keys". On the other hand though, the description says it converts to fiat only when spending. No maintenance fee, so I can check the exchange rate for fuckery and avoid using it altogether if I don't like what I see. Does anyone have experience with that and want to share?
You inspired me, I just ordered one too It's cheaper for me to buy through the Binance card then to sell through Safello or bt.cx and then use that money to buy the same thing. Looking forward to see the physical card. will connect the virtual card to PayPal right away. Edit: Connection to PayPal successful. Will do a trial order and pay with PayPal as soon as my 0.02 btc reaches my Binance wallet. The coins just hit my spot account and I just transferred it to my card account, that transfer was immediate and free.
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1226
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2021, 08:02:19 AM
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I just ordered a Binance card (ViSA debit). I've no idea how long it will take to deliver. Not interested in trying the electronic (virtual) substitute before receiving the actual one.
Only binance accounts can be used to top it up - no transfer from the exterior. This looks like a clear case of "not your keys". On the other hand though, the description says it converts to fiat only when spending. No maintenance fee, so I can check the exchange rate for fuckery and avoid using it altogether if I don't like what I see. Does anyone have experience with that and want to share?
You inspired me, I just ordered one too It's cheaper for me to buy through the Binance card then to sell through Safello or bt.cx and then use that money to buy the same thing. Looking forward to see the physical card. will connect the virtual card to PayPal right away. Edit: Connection to PayPal successful. Will do a trial order and pay with PayPal as soon as my 0.02 btc reaches my Binance wallet.
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1227
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2021, 06:31:05 AM
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What will happen to btc price once they (exchanges) run out? Someone calculated that projected time for that is 122 days or so
people always post this retort bs, but we all know that after summer comes fall, right? it's not like suddenly, you get winter immediately after the summer, so some trends or patterns exist. In any case, there is another rule (that is proven to be correct): the longer the trend persists, the more likely it would continue. The trend of declining btc on exchanges is already continuing since Jan-Feb of 2020 and is only accelerating, so it is quite reasonable to expect eventual btc depletion (on exchanges), maybe not to zero, but to a sufficiently lower number to cause high volatility. Scarcity means higher price, higher price means more people are willing to sell their bitcoins, more bitcoins flow to the exchanges, new price level established, and so on. It's rather basic economics really. actually, NO.....read upon Veblen goods. Btc is a clear Veblen good...and it is declining on exchanges as i posted (since Jan 2020) all the way from $8K to today's 57.5K in price. I guess, it is economics 201 and not basic I didn't say the same amount of bitcoin as before will flow to the exchanges, just that a higher price will make people sell who would not otherwise have sold, there will be fewer and fewer sellers of course, that's what makes the price explode ("new price level established"), and that is exactly what we want.
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1228
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 06, 2021, 06:25:09 AM
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Just sold a teeny weeny little bit, so now the price is pretty sure to go up. Also, it's going to rain all day today and all day tomorrow, Jippie.
Update on the weather situation: it's going to rain on Thursday as well. Update; Friday, Saturday and Sunday are now also going to be rainy. Update: the rain have stopped for a short wile, raining will commence at 10:00.
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1229
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 05, 2021, 05:39:32 PM
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What will happen to btc price once they (exchanges) run out? Someone calculated that projected time for that is 122 days or so
people always post this retort bs, but we all know that after summer comes fall, right? it's not like suddenly, you get winter immediately after the summer, so some trends or patterns exist. In any case, there is another rule (that is proven to be correct): the longer the trend persists, the more likely it would continue. The trend of declining btc on exchanges is already continuing since Jan-Feb of 2020 and is only accelerating, so it is quite reasonable to expect eventual btc depletion (on exchanges), maybe not to zero, but to a sufficiently lower number to cause high volatility. Scarcity means higher price, higher price means more people are willing to sell their bitcoins, more bitcoins flow to the exchanges, new price level established, and so on. It's rather basic economics really.
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1232
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 05, 2021, 11:07:25 AM
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Jesus! The shitcoin market is fucked, literal absolute garbage shit is being pumped to the stratosphere. This won't end well, when the correction comes, and it will, there will be a lot of pain to go around. Interesting times ahead people!
I dunno, I don't care what happens in the shitcoin world. Frankly, I don't even care if they exist at all. I've never owned any shitcoin (except for the early BTC forks obviously). Just spotted something funny: while I was typing this post spellchecker offered me to replace the word "shitcoin" with "bitcoin". So my spellchecker is a bitcoin maximalist and generally pro-bitcoin? I do fear that all these noobs getting sucked into sh*tcoins does have a detrimental affect on Bitcoin. After it all goes to hell and leaves a bitter taste in noobs mouths, they will be more reluctant to enter into bitcoin a second time around. Worse still is the fact that the nanny state will probably step in at some point to "Save" the people from themselves. I think it just slows the whole adoption. That is my worry as well Liquid and Lightning are still in their early days. Paypal, Visa and even Banks will help paving the way for adoption, until every cash register in the 1st world is connected to a lightning node. Give it some time. Bitcoin does not really need speculating retail noobs, should they burn their hands with alts. Every rush is followed by a hangover. The slow rise of BTC is good for adoption. Remember: We don't want to get rich fast, but we don't want to get poor slowly.Whenever i struggle with trust in Bitcoin's success, i focus on the bigger picture: It's not about what Bitcoin is worth in shitty fiat, it's what bitcoin itself actually is. I wanna get rich quick thank you.
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1236
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 03, 2021, 06:36:04 AM
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Ha! I just clicked on this one! Memories! First ever upload 6 years ago. Recorded 20 years ago in some wannabe producer dudes basement with a 16track digital machine for free. And yeah, he added that whatever drum track. I didn't have much of an opinion on it. I just let it ride because I was like "oh cool! I'm recording my own song for free! " He didn't even bother to turn the stupid thing off at the end....lol Now its kind of etched permanently in time. Oh look, it has 24 plays! Woo hoo! I should be star on Instagram so my ego can get stroked.... https://soundcloud.com/sirazimuth/sirazimuth16trI liked that one to
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1237
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 03, 2021, 05:14:51 AM
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I doubt that it is going to "hit the charts" but there are a few interesting lines in there (maybe just for insiders?).. and even though I deny being very artistic, I appreciate that it likely takes a bit of time to put something like that together.. If that track ever "hit the charts", god forbid, then I failed. Its just a raw reference track btw, all in good fun to keep myself amused(and maybe a few "insider" folks in here)in my old age. recorded on an Iphone. nothing else. tbh... not my best effort. And a little rough round the edges. I think I bit off more than I could chew on this one, if you will. I only posted it because it was somewhat on topic. The six recently uploaded tracks preceding this one on my Soundcloud stream I like a lot better. Well i liked it.
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1239
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 03, 2021, 04:12:47 AM
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Hal Finney used $200 trillion as estimation for worldwide wealth.
He divided that number by 20 million bitcoins, and the result is $10 mil per bitcoin estimation.
Ok, sounds more reasonable, but still, Worldwide wealth doesn't matter, that's in no way a cap on any commodity. Is there a historical example of some commodity that worth more than worldwide wealth? I don't know, and I'm too tired to look. Of course there no such examples. It should be obvious: The price of all gold in the world never exceeded the worldwide wealth. The price of all copper in the world never exceeded the worldwide wealth. The price of all real estate never exceeded the worldwide wealth. Because the worldwide wealth is the sum of all that stuff. Like I said, I don't know where Hal got his numbers and if those numbers included all commodities in the world or just all fiat money. If all commodities are included, then yes world wide wealth will grow with the growth of the value of all commodities, if not, then see my example. We have to agree on what Hal meant before we can take this discussion any further. But in any of the two cases, world wide wealth is not a cap per se, or rather, in your case, it moves all the time. You can either go above it, as in my example or it will grow with the growth of the commodity thus letting the commodity go as high as it pleases. Going above 10 mil is in any of the cases not in any way impossible. Edited.
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1240
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 02, 2021, 03:52:38 PM
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Hal Finney used $200 trillion as estimation for worldwide wealth.
He divided that number by 20 million bitcoins, and the result is $10 mil per bitcoin estimation.
Ok, sounds more reasonable, but still, Worldwide wealth doesn't matter, that's in no way a cap on any commodity. Is there a historical example of some commodity that worth more than worldwide wealth? I don't know, and I'm too tired to look. But theoretically it would work something like this: the whole world population is 10 people, they have 1000 dollars each, so the world wealth is 10 000 dollars, one of them invents a currency called titcoin, all the other men in the world likes the idea and wants to buy some titcoins, there is only five coins in the world, two of these are auctioned out, the guys keep bidding and bidding and in the end they have pumped up the price so high that none of them can afford to buy a whole coin anymore. In the end one drops out (to simplify my math) and the remaining eight all buy a fourth of a coin for 900 dollars each, this puts the price of a whole coin at 3600 dollars. 3600 dollars times five is 18 000 dollars, that's 8000 dollars more than the world wealth. You could alternatively say that they pay 900 dollars for a twelfth of a coin, that would put the price of a single coin at 10800 dollars, that would be more than the whole world wealth. Edited.
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