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1141
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 06:54:49 PM
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re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...
They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.
There are much more questions about that point: - They say it is a (somewhat?) stable coin, but as soon as they are backing it with a basket of different assets/currencies the price MUST fluctuate. - If the value of the underlaying assets fluctuate does the price gets set by them according to that estimated recalculated value? If so, every second? minute? hour? day?... yearly? - If they don't set the price then exchanges should exist for that. Once the coin is tradable no matter what the real value of the underlaying assets is the price could fluctuate heavily in relation to its real value (pumps and dumps). In conclusion, the pricing thing alone will be a complete nightmare and shitshow. Other day we could talk about security... as in.... even if it is backed by real assets in custody... what happens if, for example, facebook gets a massive hack in which millions of users get their wallets emptied? What if they mess up with the emission in relation to the backing assets? Bitcoin has a clear distance from that sort of incidents (even if they impact it in some way each time a big hack happens) but in this case? The shit will be all over the place. The more I think about it, it would have been safer for them to just implement a multi-crypto wallet into their network and distance from the coin/s used instead. We will see. yes, good points. i also mentioned local currencies instability here: https://bitcointalk.org/index.php?topic=178336.msg51493595#msg51493595Basically, libra (which would be based only on usd, eur, pounds and yen) would decimate local currencies. If used broadly, why would anyone use local? Binance research suggests something similar, but in a wrong direction. Hmmm that's a complex and deep thought.... I mean, I have never really believed that one global currency (Bitcoin or anything else) would replace current monetary system. Not in a reasonable timeframe to even consider the probability. But... if hundreds of millions of facebook users started adopting it? Well, yeah, that is a new scenario I never considered before.... In any case, and as I said: We will see. From the moment all I see is vaporware. |
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1142
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 06:20:36 PM
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They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.
But one difference with Tether is that Tether is not a scam. Tether is actually used (and that is why tether get's so much hate in the media, including gov'ts and financial institutions), as contrasted with the vast majority of the other allegedly "stable" coins. Tether was fully backed by collateral deposits. Until it wasn't. Tether was so not a scam. Until it was. Except we don't really KNOW if it was really fully backed. Also, neither cash nor BANKING FIAT are absolutely NON-FUNGIBLE... if they were selling Tether in exchange of banking fiat coming from dubious individuals/corporations, those funds were not really worth their face value because you are assuming a risk (that finally materialised) that the funds gets frozen later. That's the reason even people (not only governments/banks) do require reasonable KYC on the origin of funds for big purchases, because you could end up without the sold good plus the obtained funds seized on a later date. |
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1144
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 05:52:53 PM
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re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...
They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.
There are much more questions about that point: - They say it is a (somewhat?) stable coin, but as soon as they are backing it with a basket of different assets/currencies the price MUST fluctuate. - If the value of the underlaying assets fluctuate does the price gets set by them according to that estimated recalculated value? If so, every second? minute? hour? day?... yearly? - If they don't set the price then exchanges should exist for that. Once the coin is tradable no matter what the real value of the underlaying assets is the price could fluctuate heavily in relation to its real value (pumps and dumps). In conclusion, the pricing thing alone will be a complete nightmare and shitshow. Other day we could talk about security... as in.... even if it is backed by real assets in custody... what happens if, for example, facebook gets a massive hack in which millions of users get their wallets emptied? What if they mess up with the emission in relation to the backing assets? Bitcoin has a clear distance from that sort of incidents (even if they impact it in some way each time a big hack happens) but in this case? The shit will be all over the place. The more I think about it, it would have been safer for them to just implement a multi-crypto wallet into their network and distance from the coin/s used instead. We will see. |
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1145
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 05:16:06 PM
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LTC tremors
Who gives any shits? besides you? goofball.  Me .I like litecoin It's an honest coin Same here. The big majority of my crypto stash is just BTC. Additionally I do have some traces of an ample variety of *shameful cryptoshit* you wouldn't even imagine, but... LTC? I am proud of that little bugger even if I plan to sell some soon. I bought a bunch of it when they announced they were adopting Segwit even before than BTC and have hodl (most) since. JJG, this thing backfired you |
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1146
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 10:36:03 AM
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If you can do something to keep realr0ach out of here then I am sure you will receive an overwhelming support. Other than that it is not such a big issue.
Read my personal text. That will explain why mr. r0ach is still allowed to be around. ¯\_(ツ)_/¯ That confirms my point: No amount of "flagging" would do shit to SOLVE the real problem so it is useless and irrelevant in its current state and only serves the purpose of raising the levels of (meta) drama... for nothing. |
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1147
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 10:28:58 AM
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Oh it’s proof that the UK is going to the hounds. I took the photo in Trafalgar Square a couple hours ago. It’s two green men holding hands. Even the pope would be upset.
OK, I have to admit that is one of the moist RETARDED things I have ever seen. The solitary “green man”, who has been featured on UK traffic lights since 1969, has now been joined by a male partner or replaced with two green women holding hands. https://www.express.co.uk/news/uk/706789/Gay-traffic-lights-leave-pedestrians-confused-Trafalgar-SquareFrom the article: Mr Smith, of Preston, Lancashire, said: “When the light went green I saw the two female symbols and I thought, ‘Oh right, so my missus can cross with my little girl but what do me and the boy do?’
“This wouldn’t work up north. If you introduced this in Preston people wouldn’t know what you were going on about. I think it’s just a London thing really.” There are all sorts of things that don’t work up North. Most of the population, for starters. Its most likely linked to the gay pride marches in London and showing "solidarity" It's ridiculous. You can't just change official traffic signs with random shit. What's next? Ads on it? Oh... wait! |
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1148
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 10:10:54 AM
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Nothing. In fact I do despise Islam.
I despise all major monotheistic religions with the exception of Pastafarianism. Islam is just doing what Christianity was doing a few centuries ago: mass "conversions" and suppression of internal dissent. As for Hebraism, they didn't get a chance for several reasons. They basically got the wrong end of the stick and never had an army until the 20th century. I don't despise all or at least not to the same degree. My level of despise is mainly based on the level of radicalism their followers show. All, or most, religions have a reason to exist in its origin but when someone takes some "words" or "guides" to an extreme because of "god's word" then deep shit happens. Islamist (most) are a clear example of taking it too far... but of course they are not the only ones and there are extremist in EVERY religion even if at a different ratio. Also polytehists religions are not free from radicalism/extremism, like at all. |
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1149
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 09:51:23 AM
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I am somewhat neutral (leaning on positive) about Facebook coin. I see pros and cons. Anyway, it was a natural thing to exist and good or bad Bitcoin will have to cope with it. We will see.
Exciting times are coming to crypto along the next few years.
P.S.: I am eager to see how facebook solves the "tax issue"... I mean, even just buying one single facecoin and using it to buy something would be a taxable event and most countries do NOT have any amount exempt. Of course I do not expect anyone to fill taxes on that just for a few tens of $ but it will be interesting if/when facebook claims to have millions of users of their coin and almost no one filling tax reports on it.
Which reminds me that if this crypto thingie continues adoption it is tax agencies which will have to adapt to the new paradigm and not the other way. We will see.
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1150
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 12:31:04 AM
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Just looked at the weekly view of bitcoin. Looks super-bullish to me. Touching ~$10,000 later this week isn't looking impossible.
Basing on the fact that interests are haram in islam, He should not own Bitcoin or altcoins.
It seems like you really just wanna jump into a conversation with which you've no connection, a bit childish TBH. Bitcoin and alts aren't "interests" in any way. In fact, after gold (and other metals), I'd say that these digital currencies (especially the Proof-of-Work ones) are more Islamic than anything else on the planet; they've "work done" behind their creation. The most haram thing is the "nothing-backed infinite-supply paper-money". I'm still not sure how the governments have succeeded in convincing the Muslims that the valueless fiat they print is Halal. Yeah let's not talk about the religion you are part of. I can't imagine why you wouldn't.
It's useless, mate. Over the internet posts/comments, nobody changes their opinion, especially on religions. P.S. London consists of a lot of religions with healthy percentages. Islam isn't a very hostile religion there, AFAIK. A mayor of your capital with a hostile religion means the culture is breaking down. Would you like to answer any of the charges against your faith? Why the need to try force someone into a subject he has already expressed not really wanting to engage here? Because our culture is under attack by his. This is not a complicated idea. What is wrong with you? Nothing. In fact I do despise Islam. But you are almost bullying Raja into engaging in a subject he has expressed he doesn't want or feel the need to. What is wrong with you? He is a muslim. Islam is a worse ideology than nazism. It's almost as bad as communism. Yet we do not push/bully communists or nazists to argue shit unless they come here continually spamming with their bullshit, do we? |
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1151
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 12:14:11 AM
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Just looked at the weekly view of bitcoin. Looks super-bullish to me. Touching ~$10,000 later this week isn't looking impossible.
Basing on the fact that interests are haram in islam, He should not own Bitcoin or altcoins.
It seems like you really just wanna jump into a conversation with which you've no connection, a bit childish TBH. Bitcoin and alts aren't "interests" in any way. In fact, after gold (and other metals), I'd say that these digital currencies (especially the Proof-of-Work ones) are more Islamic than anything else on the planet; they've "work done" behind their creation. The most haram thing is the "nothing-backed infinite-supply paper-money". I'm still not sure how the governments have succeeded in convincing the Muslims that the valueless fiat they print is Halal. Yeah let's not talk about the religion you are part of. I can't imagine why you wouldn't.
It's useless, mate. Over the internet posts/comments, nobody changes their opinion, especially on religions. P.S. London consists of a lot of religions with healthy percentages. Islam isn't a very hostile religion there, AFAIK. A mayor of your capital with a hostile religion means the culture is breaking down. Would you like to answer any of the charges against your faith? Why the need to try force someone into a subject he has already expressed not really wanting to engage here? Because our culture is under attack by his. This is not a complicated idea. What is wrong with you? Nothing. In fact I do despise Islam. But you are almost bullying Raja into engaging in a subject he has expressed he doesn't want or feel the need to. What is wrong with you? |
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1152
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 12:02:27 AM
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Just looked at the weekly view of bitcoin. Looks super-bullish to me. Touching ~$10,000 later this week isn't looking impossible.
Basing on the fact that interests are haram in islam, He should not own Bitcoin or altcoins.
It seems like you really just wanna jump into a conversation with which you've no connection, a bit childish TBH. Bitcoin and alts aren't "interests" in any way. In fact, after gold (and other metals), I'd say that these digital currencies (especially the Proof-of-Work ones) are more Islamic than anything else on the planet; they've "work done" behind their creation. The most haram thing is the "nothing-backed infinite-supply paper-money". I'm still not sure how the governments have succeeded in convincing the Muslims that the valueless fiat they print is Halal. Yeah let's not talk about the religion you are part of. I can't imagine why you wouldn't.
It's useless, mate. Over the internet posts/comments, nobody changes their opinion, especially on religions. P.S. London consists of a lot of religions with healthy percentages. Islam isn't a very hostile religion there, AFAIK. A mayor of your capital with a hostile religion means the culture is breaking down. Would you like to answer any of the charges against your faith? Why the need to try force someone into a subject he has already expressed not really wanting to engage here? |
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1153
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 18, 2019, 12:00:42 AM
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Greetings fellow Wall Observers. I found myself with some extra cash, and want to get more bitcoin with it. My problem is for a couple days now I think “I’ll just wait for a dip”,.. but nothing considerable ever comes, even on Sunday. I was hoping for $7,800, then $8,200, then $8,800 Now I’m starting to feel like I should just FOMO buy. However, in the past whenever I’ve done that, the dip happens right after I buy. So It doesn’t seem like I should wait much longer, but should I? What is a good target price I should try to buy at? Today? Tomorrow? Help? Thanks in advance  Noone knows... maybe split your purchase and DCA it over the next few days/weeks? I do think a dip is due.... but it could well come way after $10K or just now. At the very least, put your limit buy orders at the price you think it could dip already otherwise you may miss it... shit is bouncy lately. |
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1154
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 17, 2019, 04:49:20 PM
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Good morning Bitcoinland. Nice to see we're hanging in over $9k... currently $9210USD/$12340CAD (Bitcoinaverage). That included a new AYH and a nice little correction/retrace. Looking good. Go Bitcoin go. They dont, thats why they are called "boomers". Its not related to generation anymore, but to technological backwardness.
A few of them deserve some credit, but most of 'em don't. Reason being, every Boomer I've ever spoken to who retired wealthy/early divulged to me that they invested in things that they didn't fully understand at the time (Microsoft, Apple, Google, Amazon, etc.) You do realize that Bill Gates, Steve Jobs and Jeff Bezos are (or were) all boomers, don't you? Likewise Vint Cerf, Tim Berners-Lee and Gordon E. Moore. Millennials wouldn't be bumbling along with 2 thumbs glued to their cellphones without the superior technological expertise of boomers. In fact, most millennials donno shit about technology. They are just users. Dumb users in the majority of cases. |
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1155
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 17, 2019, 03:20:55 PM
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Same could go for posting FLAG support in the WO-thread ::
How many pixels do those useless paintings need? How many pixels does the flag support quote need? Don't bullshit me. Retina has become a merit-farming shitposter, zero substance. Regardless, if one doesn't support half of those flags then their judgement is compromised.Or maybe the desire to stay away from all that irrelevant meta drama is stronger? If you can do something to keep realr0ach out of here then I am sure you will receive an overwhelming support. Other than that it is not such a big issue. |
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1159
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Economy / Speculation / Re: NEW BAKKT game
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on: June 17, 2019, 12:52:20 AM
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So the price has to stay around these prices until 17 days after July 22nd for me to win  hmmm, I think your price has been already busted and it is Globb0 the current winner: 9001 ChinkyEyes 9200 Globb0 9850 cryptofrka Sorry, but anyways it seems probable that there will be more bustings before end date. |
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