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

[ChartBuddy]

Coin

Explanation

[1714728889]

1714728889

[1714728889]

1714728889

[1714728889]

1714728889

[1714728889]

1714728889

[1714728889]

1714728889

[billyjoeallen]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

[DieJohnny]

What magic is going on that allows the Reserve to deposit trillions into bank accounts but there is no inflation?

http://www.samizdata.net/2010/06/money-supply-th/

WTF!!!

So to summarize... so the ponzi started to collapse, banks couldn't make payments on their ponzi promises, so the ponzi regulator the govt, and their operator in crime the fed essentially conjured up money to cover the bad debt promises made by banks, but paid the banks to not use that money.

So the banks can stay solvent on the books, but are incented to not spend the money that is in their reserves.....

So as long as that reserve grows and is not spent by the lords of banking our inflation stays under control.

This doesn't seem like it will end well....

[makeacake]

They already did. Dollar users unaffected

No, they have just made the first moves.

https://en.wikipedia.org/wiki/BRICS

Brazil has real; Russia has ruble; India has rupee; China has yuan; South Africa has Ayn Rand.

Are you suggesting those are all USD?

[makeacake]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

[peonminer]

[xyzzy099]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

[riils]

Something tells me that you are shorting bitcoint right now. Am I genius or not?

[makeacake]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

Even reductio ad absurdum doesn't help you here. Exponential cost increase can always be matched by exponential cost (price).
Care to take this further? Perhaps suggest that the amount of energy/matter in the universe is the hard limit?

[AlexGR]

Not that again No, not everything that gets laughed at [though the internet never was] eventually becomes outrageously popular. Most do not.

Bitcoin transactions are growing. Payment processors like Bitpay release stats that show increasing usage. Things are moving forward. Could they move faster? Of course. IMO they could move way faster if there was integration of online games and Bitcoins so that an entire new generation of tech-savy kids can grow up with Bitcoins. They don't need to be "educated" in its use nor will they find it "too complicated". The user base could explode if a few large game companies allowed gamers to buy/sell with BTCs (or altcoins) from inside the game's marketplace - while they take a commission from these transactions for maintaining the marketplace.

Well sure. "Each individual investor" decided that bitcoin is a speculative commodity, one which has lost 2/3rds of its value over the last 2 years. What's your point?

If you've bought at 3$ you are up 100 times and if you bought at 30$ you are up 10 times.

Losing and gaining is highly dependent on your point of entry.

In the end of the day, the spike is irrelevant. If the spike never occurred, and you told people back in the start of 2013 that in the end of '13 we'll be at 100$ from 30$, in the end of 2014 we'll be at 200$ and in the end of 2015$ we'll be at 300$ - everyone would be happy, except bears, trolls and shorters .

It's the perception that it went higher and then lower that plays with people's feelings. Otherwise the long-term trend is good.

If you want to see some real pumps and dumps in speculative commodities, check the Rhodium long-term chart;

[GGALINff]

when people start basing their arguments on "all the in the universe"    time to hit the bottle

what's next?  in all of the universes?

[Richy_T]

Brazil has real; Russia has ruble; India has rupee; China has yuan; South Africa has Ayn Rand.

Are you suggesting those are all USD?

No. But I don't see your point either.

These countries want a replacement for the USD for petroleum purchases but it's not like they want to just displace it with someone else's currency, leading to the same issues. So they will band together to create something new that they can inflate to their mutual benefit.

Will it be successful? Who knows. The point is more the way the wind is blowing which is away from acceptance of the US dollar as a safe instrument of exchange.

[billyjoeallen]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

at first there are economies of scale, that make each additional pig LESS expensive to produce than the previous pig. But eventually the economies of scale get reversed because land for pig farms gets more scarce, pig slop has to be made out of lobsters, etc.

[xyzzy099]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

Even reductio ad absurdum doesn't help you here. Exponential cost increase can always be matched by exponential cost (price).
Care to take this further? Perhaps suggest that the amount of energy/matter in the universe is the hard limit?

There is a hard limit on how many pigs you can economically supply to the market, as the price your pork-loving customers are willing to pay is not without bound.  If you can't afford to produce them => limit.

[Richy_T]

Well sure. "Each individual investor" decided that bitcoin is a speculative commodity, one which has lost 2/3rds of its value over the last 2 years. What's your point?

You know how we know you're a troll?

Because you disagree with me, and can't refute my claims with facts & logic?

Because you use outlying data in an attempt to spread FUD. That and the warty features and living under a bridge.

[Tzupy]

BITCOIN SALE:

Buy 2 bitcoins (at $500 each) get the third FREE!!!

Meh, I'd rather wait until tomorrow, another offer could arise, like buy 2 bitcoins (at $500 each) get another 1.5 BTC free...

[Globb0]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

Exactly,

one does not simply increase pig production.

Need more sheds, more heat, more food, more transport, more staff, more executioners, more cleaners.

And then what when demand falls back.

[makeacake]

Not that again No, not everything that gets laughed at [though the internet never was] eventually becomes outrageously popular. Most do not.

Bitcoin transactions are growing. Payment processors like Bitpay release stats that show increasing usage.

Payment processors like BitPay release stats that they're letting people go because faulty business model (see Fig. 1).

http://s27.postimg.org/6xnz6mkc3/rock.gif

                                                            Fig. 1

If you've bought at 3$ you are up 100 times and if you bought at 30$ you are up 10 times.

More like $7-$40 and sold at avg. $6xx, but what does this have to do with bitcoin not being a purely speculative asset and me being ridiculously lucky?

[billyjoeallen]

when people start basing their arguments on "all the in the universe"    time to hit the bottle

what's next?  in all of the universes?

good point. Pig production is limited by the amount of matter in a FINITE universe.

[makeacake]

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.

Even reductio ad absurdum doesn't help you here. Exponential cost increase can always be matched by exponential cost (price).
Care to take this further? Perhaps suggest that the amount of energy/matter in the universe is the hard limit?

There is a hard limit on how many pigs you can economically supply to the market, as the price your pork-loving customers are willing to pay is not without bound.  If you can't afford to produce them => limit.

Not sure how else to say this... (this means you too, MS Paint dog )