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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21292462 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
ChartBuddy
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April 12, 2015, 02:58:29 PM

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April 12, 2015, 03:10:04 PM


But let's imagine that bitcoin was somehow made truly transparent. How would that make it any less of a pyramid scheme?

Bitcoins are distributed without interest. When 25 bitcoin are created and distributed each block, the recipient does not owe 25+ X%

well... sure. But not sure why bitcoin being created out of thin air and wasted electricity is any different from usd being created out of thin air and ragpaper?
When the FED prints more dollars, I don't owe them anything either.
Please explain Huh

You think you don't owe?


http://www.wsj.com/articles/BL-REB-30526
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Currently, the government’s interest costs are around $200 billion a year
ssmc2
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April 12, 2015, 03:11:22 PM

Ah the same old tired logical fallacies from the troll camp. Only weaker and with less substance each time around. 

Roll Eyes
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April 12, 2015, 03:12:07 PM

May price can move up to 300$? I see that price slow down to 200$ in this day  Cry
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April 12, 2015, 03:20:53 PM
Last edit: April 12, 2015, 03:35:57 PM by empowering

Does anyone else find it ironic that some people refer to a distributed transparent ledger as a pyramid scheme while making no mention at all of the current debt-based, fractional reserve lending system?

What makes the current system pyramid like?

When every dollar comes into existence with interest attached there will never be enough money to pay back the debt + interest. Thus necessitating the creation of more money and more debt to allow the system to continue.

They even put the symbol of the pyramid on the fucking bills it's so obvious.

You don't understand what a pyramid scheme is, there's your problem right there.

What do you imagine would happen if people stopped paying taxes en masse,  or if a country could not find any buyers to buy up future bonds?

...and neither do you. What you're describing is a libertarian pipedream, but even if it had a snowball's chance in hell, it wouldn't make the fiat system a pyramid scheme. Learn the meaning of the words you use before using them, and folks might stop laughing at you.




Fractional reserve practices are a legalised form of a ponzi, bank runs make this obvious.

Also, I never said that people would stop paying taxes or buying bonds, I asked what would happen if they did? as there are similarities to a pyramid/ponzi.  Just like a pyramid, without fresh new players willing to invest, the system as we know it would fall apart, as it is necessary to always have a new wave of players (bond buyers, or tax payers)  to maintain the system,  so there is a similarity to a pyramid, the people buying bonds and paying taxes ARE making an investment upon which they expect a future return, if no new players come in to continue the system, it will fall apart, and the players would lose out, as the perpetuation of the system has been stopped, which is what happens in a pyramid scheme, it works for as long as new players are convinced that they should play along, and for as long as they get their returns, take the returns away, and the flow of new money into the system will stop, just like a pyramid/ponzi.. and the players that have already paid, will not get their investments back.

Also I was replying to a comment which asked what made the current system pyramid like I would not say that it is 100% pyramid, I would say there are similarities.... but then I would not say that Bitcoin is a pyramid either, although some would argue that it is 100%, again I would argue that there are merely some similarities.

Furthermore, I would argue that calling the current system a pyramid, and calling Bitcoin a pyramid, are essentially as useless as each other.
empowering
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April 12, 2015, 03:52:17 PM
Last edit: April 12, 2015, 04:02:23 PM by empowering



I am not sure if you can see the word "similarities"

Fair enough I as a customer of a bank, am not responsible to ensnare the next wave of "investors" but I do not have to, as the banks do that for me already, turnkey pyramid.  

Like I have said, they are not the same thing, but they share similarities,and the system we have does have another common denominator with pyramids and ponzi schemes.... like a pyramid, the system we have is totally unsustainable and it is only a matter of time before it collapses.

Also, I do not "rope in" anyone, in fact I come onto this thread to discuss and give my point of view.... there is someone on this thread that seems absolutely 100% dedicated to convincing people of something.... and that is you, the guy who creates sock puppet after sock puppet and is here 24/7. So I would put it to you, that in fact it is you that is trying to rope people into something.  I am just here for a chat mate.



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April 12, 2015, 03:57:08 PM

Don't forget to update your Ignore lists. The List is now updated with all the new sockpuppets.

Cheers.
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April 12, 2015, 03:57:36 PM

Ah the same old tired logical fallacies from the troll camp. Only weaker and with less substance each time around. 

Roll Eyes

It's true. I think the most effective troll would capitalize on our fear of ever diminishing purchasing power. The 'it's dying' thing is catchy Angry

There's that too, but, unlike bitcoin evangelists, who resort to exploiting nebulous fears and ungrounded paranoia of the ignorant, Bitcoin's detractors have a veritable plethora of valid arguments re. its fail.

How do you choose what arguments to use on what days? You must have some kind of informal calculus as to which ones push the most buttons, and at what times?
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April 12, 2015, 03:58:28 PM

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April 12, 2015, 04:02:12 PM

@empowering

I really thought your DOOOOOOOM would arrive today. Have checked with ups?
paul2000
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April 12, 2015, 04:03:45 PM

Sorry newbies, I'm now ignoring all new accounts without reading.
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April 12, 2015, 04:09:34 PM

@empowering

I really thought your DOOOOOOOM would arrive today. Have checked with ups?


 Angry Angry

So NOT amused.

I put my order in, and all I got was some crappy sock puppet dribbling on my table.

I still have hope, but the staff have proven to be incredibly tardy.










BlindMayorBitcorn
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April 12, 2015, 04:11:03 PM

Sorry newbies, I'm now ignoring all new accounts without reading.

Don't be afraid. He's harmless really. Unless he also trolls in Mandarin.
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April 12, 2015, 04:14:03 PM

hello poor fuckers!

still discussing some bs topic no one cares about? sound money?  Cheesy

I see ltc being dumped hard. and then those btc dumped for $ on btc-e.

good!
empowering
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April 12, 2015, 04:14:32 PM

giberish

yeah right, it is you that is mixing what I am saying up.

But far more importantly......

I just snapped out of it and realised that I am wasting my time talking to NotLambChop...what the fuck am I doing, I momentarily lost my marbles there.

Onto ignore you go, along with the rest of your sock puppets

My bad.





empowering
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April 12, 2015, 04:16:56 PM

hello poor fuckers!

still discussing some bs topic no one cares about? sound money?  Cheesy

I see ltc being dumped hard. and then those btc dumped for $ on btc-e.

good!

Hello tarmi you poor fucker,

Still coming onto this thread to add your BS and discuss a topic you do not care about?  Grin

(what is good for the goose is good for the gander)
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April 12, 2015, 04:17:39 PM

Sorry newbies, I'm now ignoring all new accounts without reading.

I became trigger happy too. I add them to the list "on sight" but I keep reviewing their posts just in case I'm wrong. Smiley
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April 12, 2015, 04:18:01 PM

Sorry newbies, I'm now ignoring all new accounts without reading.

Don't be afraid. He's harmless really. Unless he also trolls in Mandarin.


Fatman3001
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April 12, 2015, 04:44:08 PM

hello poor fuckers!

still discussing some bs topic no one cares about? sound money?  Cheesy

I see ltc being dumped hard. and then those btc dumped for $ on btc-e.

good!

You won't believe it, but I actually missed you
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April 12, 2015, 04:46:09 PM

I have a strong feeling many of the people posting here should rightly be institutionalized or heavily medicated , or will need to be eventually , as a direct result of involvement in BTC.

On a related note , I had a bitcoin nightmare last night , so I'm pretty sure I'm losing my mind.

It was a dream of looking at bitcoinwisdom , and there were a couple of notable differences , new exchanges that don't exist currently - WALL STREET and PANAMA - price was in the thousands but then it all went to hell - the books were cleared down to 0 as the markets all flash crashed and cascaded and it happened in minutes it couldn't be stopped Satoshi was cashing out and all the trollboxes were nothing but expletives then the screen turned red and the alarms wouldn't turn off then I woke up in a panic ... yeah ...  Embarrassed
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