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1042
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2019, 03:58:32 AM
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I could never figure why Warren Buffet is so comfortable with big government, giant QE programs that are unable to unwind and the general threat to the economy (and so the people) from excessive debts. So I guess I cant be surprised he is dead against BTC but being all in favour of a cotton note that costs more to make then nominated value written on it. Thats a good analogy for the inefficiency of government in general but he can see no advantages or advancements in the blockchain network.
I think they both great on evaluating company value and markets to some extent but neither is qualified to dismiss all alternatives to debt based money. They have a strong bias in benefiting from the status quo, thats all I have to assume leads them to such a strong conclusion
He makes his money off of the status quo. He sees Bitcoin as a threat to his empire. |
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1043
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 24, 2019, 10:01:55 PM
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I think so too. Looking forward to the 100K party already.  BTC100k party... exclusively for WO maximalists. you´d need to bring your hats.  Hey, why don’t you give XhomerX a avatar pic so he can create you an awesome HAT (or an idea)..... I feel honored, thank you. Will have to pick an avatar i guess. On the other hand... is it wise to become associated with you WO lunatics?  Only if you enjoy a few months of train and rocketship pictures sandwiched in between years of crushing disappointment. |
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1048
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: January 24, 2019, 05:40:01 PM
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So we are seeing a fair uptick in volume along with a small rise in price... Anyone have any theory? Seems to be happening independently to cryptos as a whole... Whass goin' on?  Maybe the hype for Grin and Beam ended up benefiting Monero. People were so excited for the MimbleWimble coins, but then found out they're both inferior to Monero. Some of the capital and enthusiasm meant for the MW coins is being directed at XMR instead. |
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1049
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 24, 2019, 05:33:04 PM
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We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.
I hope you’re all buying whilst the price is this low gentlemen!
Agree we don't need An BTC ETF. With or without ETF we are going to see 100k + USD according to nearly all prediction models and regression analysis at the next bull run bubble. They can not stop it. In addition, a global economic crisis which is near will accelerate the period. Buy as much as you can at these prices. I disagree. There is a natural progression of the BTC price, that seems to be following a logarithmic regression curve. There needs to be a similar progression in infrastructure, liquidity, etc. for the price to continue moving. ETFs are a natural part of that progression. |
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1051
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: January 24, 2019, 03:00:58 PM
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Jeezus - I've been away for awhile too  So what's the deal with Grin? They published a comparison to Zcash, but nothing head to head with Monero - https://github.com/mimblewimble/grin/wiki/Grin-and-MimbleWimble-vs-ZCashLooks like Grin has a long way to go before it can be considered competition for Monero imho. But that being said, I do think the Monero Dev Drama could be some cause for concern  The consensus seems to be that Monero is a little better in terms of privacy, but Grin is pretty good. Grin is limited to 10-20 TPS, tops. Monero is theoretically capable of 1,700 TPS. Grin has amazing scaling in terms of blockchain size, but that's not very important IMO. |
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1053
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 23, 2019, 06:57:41 PM
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LFC encouraged me to step by, so I figured I had to take a look  It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great The memes, the happiness is really something. Here’s to the next epic bull run, probably 6-12 months after the next halvening You have sunk to the low levels of scheduling our next bull run.  I am sad. Come on JJG, pull up a stool. I’m waiting for you at the bar  True... I am just giving you a bit of shit about your scheduling of our next "epic." By the way, I don't want to be party poop, but even though I agree with your that there are really decent odds that the next epic is going to take place on or before your scheduled timeframe.. (probably odds in the 60% arena..), I hope that you (and everyone else) are (is) psychologically and financially prepared in the event that it does not happen? I have my own business, I’m comfortable (not rich) financially. I just see bitcoin as my way out of you know what I mean. My way out of having a mortgage, running my business, employing people, working 7 days a week. I’ll be fine if bitcoin doesn’t moon but I’ll be a hell of a lot happier if it does. For the record - My savings (net worth) is much more bitcoin than fiat heavy. I know it’s stupid but it’s a risk I’m willing to take. We're in a similar boat. I'm the General Manager of our family business. I make good money, am largely my own boss, etc. However, it still sucks. It's work, can be stressful, the hours can be long, and it is definitely not how I would be spending most of my time, given the choice. Also, my BTC bags are much heavier too. The way I see it, when BTC explodes again, I retire. Or it doesn't, and I have to keep being a working stiff til I'm 62+, like everyone else. If my bags were primarily in fiat and other investments, I would be working til I'm 62+ anyway. And then if Bitcoin exploded, I'd just have a slightly more comfortable retirement. The way I see it, I'm betting a bit of possible retirement comfort for the opportunity to retire 20+ years earlier. Seems like a reasonable bet to me. |
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1057
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 23, 2019, 05:59:38 AM
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Anyone saying that success is linked to hardwork deserves to be let alone in any third world country to see how their hardwork will be rewarded. Or in any poor family in any Western country.
Absolute twaddle. The circumstances of one's birth are relevant, indeed. However, anyone who works hard will experience more success than one who does not. Period. You're using something like the chess elo analogy. Claiming that if you play enough games, luck will be canceled out and your true skill will average out to wherever it should be. It's not a valid analogy with real life because humans practice specialization of labor and everyone isn't competing on the same metric. It's easily possible to choose a bad, overpopulated, or dying career field for instance, be the hardest worker and best at it in the world, and be totally useless, accomplish nothing, and die in poverty. That's the nature of capitalism - non-state run enterprise. It's easy to divert resources into an activity where there's nobody guaranteed to be on the other side of the trade in the order book. Nobody knows everything and you're required to step into the unknown in capitalism. You can do the best due diligence on the planet and still come up with a flop. Pretending all hard working people succeed is just naive. Capitalism is designed to create lots of hard working losers. Anyone in the first world who got a STEM degree in the last 100 years, and is otherwise employable, has had no problem finding a high paying job. I'd wager the same will be true for the next 50 years, anyway. If you didn't go to college, or received a bachelor's degree in something useless, like psychology or art history, then you're obviously in for a rougher ride. And that's all on you. |
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1058
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 23, 2019, 05:17:41 AM
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One day, God saw all the horrors that mankind were discovering.
A single tear fell to Earth in a lush green field of grasses - weeping over what his children were doing to themselves.
From this field of ancient grasses, sprung the first sinsemilla, and spread its seed.
It's hard for sinsemilla to spread her seed without losing sinsemilla status! Cuttings? Just think back to the 60s, man. |
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1060
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 23, 2019, 12:54:23 AM
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Not everybody has the same opportunities. But everybody has opportunities.
Agreed. A kid born to an investment banker in NY has the opportunity to go to Wharton. A kid born to a Pakistani manual laborer has the opportunity to work in a rug factory at age 10. Everyone has opportunities. The real question is whether we think this is a satisfactory state of affairs, or whether we should strive for improvement. My belief is that by improving the opportunities available to the child of the Pakistani labourer, we all become wealthier. That child may invent a cure for disease X if they are given the opportunity. Plot twist: We find out that the little boy would've grown up to be a child-raping, murderous jihadi if he weren't chained up in a rug factory. |
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