Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[hmmkay]

You are a bitcoiner lambchop. Possibly one of the most ardent given the extreme length of time you devote on this forum.

Exactly, especially with all that photoshopping on the side.
Amazing how much time and energy he's willing to spend on here.

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[jonoiv]

The $1 chocolate bar will be $4 in 10 years. The average paycheck will also be x4 bigger.  

...

Do you understand the chart you have just posted?  I recognize the bottom plot, it's compensated for inflation.  
Meaning REAL income (compensated) has increased, but not as much as productivity.

Here's a similar one:


That's what makes you bitcoiners so amusing tho.  Don't ever change

You think the averge paycheck will be 4 times bigger in 10 years?

Maybe for the plutonomy, but not for 99.99% of the rest of us. Wages have gone up 20% in 10 years in the UK.   The price of my flat has gone from £20k to £100k in the same time frame.  

Is there a single person on this thread that has even a 10% pay rise year on year?  Footballers, ceo's and politicians... anyone else?  

EDIT: (7.2% compound)

[ChartBuddy]

Explanation

[NotLambchop]

...
You think the averge paycheck will be 4 times bigger in 10 years?

If the inflation is high enough to devalue the dollar by 75% (your candy bar example, and just a touch more than what happened to BTC this year), absolutely.  The chart you have posted not only agrees with my expectations, but suggests that in such a scenario, income would MORE than quadruple.
That's why it's important to *understand* the charts you post.

Is there a single person on this thread that has 10% pay rise year on year?  Footballers, ceo's and politicians... anyone else?

Not sure, I find it difficult and unpleasant to imagine what you Bitcoiners do for work.
But I know that a candy bar which cost $1 ten years ago does not cost $4.  According to this,


... it costs just $1.26.

I was just entertaining your hypothetical

Are you beginning to realize how important it is to know what you're talking about before typing?

[grappa_barricata]

[ErisDiscordia]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

[NotLambchop]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

I'm only glad the forces of good have triumphed again.

[janos666]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

That paragraph about the Masturbation Dolphin -> It should have been a bear or a bull but still... LOL.

[aminorex]

Monkey, over the past couple of months, has done pretty well on sovereigns and metals, less well on equities, so-so on currencies, and absolutely abyssymally on oil recently -- he keeps calling a bottom prematurely in oil, although right now he wants me to wait a couple of weeks before attempting to go long again.  I may just do that, depending on the circumstances, probably via low-debt small-cap services companies which I would not mind holding for the long-haul.

Monkey wants me to sell BTC intraday, but on a daily chart he says buy twice as hard, so I'm waiting for a better intraday entry to follow his daily advice.  Monkey thinks it is possible for a new BTC hype cycle to launch in 3-4 months, unlikely before that, although he also thinks the first early bullish signal that a new cycle is immanent is likely to be seen in a break over 425 in the next couple of weeks.

[sidhujag]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

Thats getting old

[sidhujag]

Monkey, over the past couple of months, has done pretty well on sovereigns and metals, less well on equities, so-so on currencies, and absolutely abyssymally on oil recently -- he keeps calling a bottom prematurely in oil, although right now he wants me to wait a couple of weeks before attempting to go long again.  I may just do that, depending on the circumstances, probably via low-debt small-cap services companies which I would not mind holding for the long-haul.

Monkey wants me to sell BTC intraday, but on a daily chart he says buy twice as hard, so I'm waiting for a better intraday entry to follow his daily advice.  Monkey thinks it is possible for a new BTC hype cycle to launch in 3-4 months, unlikely before that, although he also thinks the first early bullish signal that a new cycle is immanent is likely to be seen in a break over 425 in the next couple of weeks.

One more dip

[ChartBuddy]

Explanation

[jonoiv]

...
You think the averge paycheck will be 4 times bigger in 10 years?

If the inflation is high enough to devalue the dollar by 75% (your candy bar example, and just a touch more than what happened to BTC this year), absolutely.  The chart you have posted not only agrees with my expectations, but suggests that in such a scenario, income would MORE than quadruple.
That's why it's important to *understand* the charts you post.

Is there a single person on this thread that has 10% pay rise year on year?  Footballers, ceo's and politicians... anyone else?

Not sure, I find it difficult and unpleasant to imagine what you Bitcoiners do for work.
But I know that a candy bar which cost $1 ten years ago does not cost $4.  According to this,


... it costs just $1.26.

I was just entertaining your hypothetical

Are you beginning to realize how important it is to know what you're talking about before typing?

I don't live in the US, so I can't say if your 0.26 cent increse over 10 years is realistic or not. It's certainly not true of the UK, a 200g Galaxy bar was £0.85 in 2004 and now it's £2.00.

The last 10 years just gone, were just a taste. The calcultor doesn't cater for 3 very important factors the future has in store for the world ecconomy.  World popluation is rising (fast), arible land is declining (fast) and mechanization is increasing.

Southern Europe is alredy experiencing youth unemploment of over 50%, with little hope of a turn around.  Jobs creation in some parts of the EU is increasing, however the vast majority are lower paid jobs.  Some parts of the EU population have lower wages year on year.  Spain 10% lower, greece is similar.  Wages are falling.  Take Russia, people still on the same wages and the ruble is 40% lower compared to Euro, Pound and Dollar.  Prices are going up everywhere and wages aren't, you can't argue with that.  

Take the $1 choclate bar example,  in 2024 will it cost over $4? Probably.   Will my wages be 4 x higher?  absolutely not.
http://blog.ccberries.com/2011/03/09/libya-and-ivory-coast-gas-and-chocolate/

http://www.nasdaq.com/markets/cocoa.aspx?timeframe=10y

[jaberwock]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

It is a joke article made for a joke site.


Just in case some people don't read the full article

[octaft]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

It is a joke article made for a joke site.


Just in case some people don't read the full article

Yeah screams fake if you read it. LOL self-rape.

[macsga]

...
You think the averge paycheck will be 4 times bigger in 10 years?

If the inflation is high enough to devalue the dollar by 75% (your candy bar example, and just a touch more than what happened to BTC this year), absolutely.  The chart you have posted not only agrees with my expectations, but suggests that in such a scenario, income would MORE than quadruple.
That's why it's important to *understand* the charts you post.

Is there a single person on this thread that has 10% pay rise year on year?  Footballers, ceo's and politicians... anyone else?

Not sure, I find it difficult and unpleasant to imagine what you Bitcoiners do for work.
But I know that a candy bar which cost $1 ten years ago does not cost $4.  According to this,


... it costs just $1.26.

I was just entertaining your hypothetical

Are you beginning to realize how important it is to know what you're talking about before typing?

I don't live in the US, so I can't say if your 0.26 cent increse over 10 years is realistic or not. It's certainly not true of the UK, a 200g Galaxy bar was £0.85 in 2004 and now it's £2.00.

The last 10 years just gone, were just a taste. The calcultor doesn't cater for 3 very important factors the future has in store for the world ecconomy.  World popluation is rising (fast), arible land is declining (fast) and mechanization is increasing.

Southern Europe is alredy experiencing youth unemploment of over 50%, with little hope of a turn around.  Jobs creation in some parts of the EU is increasing, however the vast majority are lower paid jobs.  Some parts of the EU population have lower wages year on year.  Spain 10% lower, greece is similar.  Wages are falling.  Take Russia, people still on the same wages and the ruble is 40% lower compared to Euro, Pound and Dollar.  Prices are going up everywhere and wages aren't, you can't argue with that.  

Take the $1 choclate bar example,  in 2024 will it cost over $4? Probably.   Will my wages be 4 x higher?  absolutely not.
http://blog.ccberries.com/2011/03/09/libya-and-ivory-coast-gas-and-chocolate/

http://www.nasdaq.com/markets/cocoa.aspx?timeframe=10y

EVERYTHING IS ALL RIGHT. SELL ALL YOUR BITCOINS AND PUT YOUR MONEY TO THE BANK!

Because LambChop says so.

PS:
DOOD! PRETTY PLEASE! Don't quote the troll!

[phoenix1]

Police apprehended the famous Bitcoin founder while in the middle of seminar he was conducting for Stop Masturbation Now, a Christian anti-masturbation organization

Hopefully news of this ordeal will bring the much needed attention to the dangers and consequences of masturbation that it deserves. Hopefully, God willing, one day, self-rape will be illegal and people will finally be free of playing on the Devil’s playground

 

[macsga]

Police apprehended the famous Bitcoin founder while in the middle of seminar he was conducting for Stop Masturbation Now, a Christian anti-masturbation organization

Hopefully news of this ordeal will bring the much needed attention to the dangers and consequences of masturbation that it deserves. Hopefully, God willing, one day, self-rape will be illegal and people will finally be free of playing on the Devil’s playground

 

That one got me too, until the middle of the page.
 

[gizmoh]

Satoshi has been found...again! and arrested, too! SELL! SELL! SELL!

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

It is a joke article made for a joke site.


Just in case some people don't read the full article

Police apprehended the famous Bitcoin founder while in the middle of seminar he was conducting for Stop Masturbation Now, a Christian anti-masturbation organization.

ROFLMAO  Nice joke Nationalreport

[jonoiv]

EVERYTHING IS ALL RIGHT. SELL ALL YOUR BITCOINS AND PUT YOUR MONEY TO THE BANK!

Because LambChop says so.

PS:
DOOD! PRETTY PLEASE! Don't quote the troll!

You're right, I won't do it again