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

[Fatman3001]

the storm is coming

http://e24.no/digital/digital-valuta/banker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet/23849012

[bitebits]

OK bitcoin, we all know you want to go down with at least 50$ to create some healthy panic around here. Let's do it!

[rjclarke2000]

the storm is coming

http://e24.no/digital/digital-valuta/banker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet/23849012

Is there an English version??

[nanobtc]

Google Translate version here:  https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fe24.no%2Fdigital%2Fdigital-valuta%2Fbanker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet%2F23849012&edit-text=

[cmacwiz]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

[rjclarke2000]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

[Fakhoury]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.

[TERA]

Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.

[ImI]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.

[ImI]

Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.

Agree, one last hurra and bust seems possible.

[gentlemand]

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.

I can live with that. However I can't quite see the global elite choosing to enrich a bunch of nasty brats who took a break from COD to do a little mining back in the day.

[ImI]

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.

I can live with that. However I can't quite see the global elite choosing to enrich a bunch of nasty brats who took a break from COD to do a little mining back in the day.

I see before Bitcoin could really get worth something in global terms we will see dozens of forks because folks are unable to compromise longterm. And dozens if not hundreds of forks mean prices = toilette.

Regarding "i can live with that." Imagine a horde of millions of humans plus future AIs searching the web and especially all archives of the web for traces of your identity. I think you would have no chance of hiding your true identity, somewhere, sometime you made a little error with some IP or purchase or whatever. And then you have in times of basically anarchy (because we are talking a post-state-era here) a horde haunting you. -> No chance imo.

So you better hope BTC stays in its niche. 

[cmacwiz]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.

We can decide to just distribute our wealth and fund programs of art, athletics and academics. Maybe invest in renewables research, desalination, etc... We don't all have to Scrooge McDuck our BTC forever.

With regards to my oracle sh!tpost: I hardly can find anything to say, but I'm trying to get that fourth coin next to my username!

I do believe what I said.

[ImI]

We don't all have to Scrooge McDuck our BTC forever.

Doesnt matter imo, just the fact that you were uppon the very first 0.00001% of the worl population that actually bought BTC will make you a target.

[cmacwiz]

Then I'll invest in security and a body double.

[ImI]

Then I'll invest in security and a body double.

Jepp, basically investing in security will be the only option. And as it will be fuckn expensive i would expect clusters to form of folks that all have the same problem.

But freedom to go where you want, whenever you want will be gone. Its like a golden cage or something. 

[gentlemand]

Regarding "i can live with that." Imagine a horde of millions of humans plus future AIs searching the web and especially all archives of the web for traces of your identity. I think you would have no chance of hiding your true identity, somewhere, sometime you made a little error with some IP or purchase or whatever. And then you have in times of basically anarchy (because we are talking a post-state-era here) a horde haunting you. -> No chance imo.

Well, if they can identify me by my burger shots then I certainly am in trouble.

There are millions of publicly rich people who get around just fine. If it really does meet the stratosphere I'll either have blown it long before then or will be enjoying my gains by living in constant transit so the baying hordes won't be able to afford to catch up with me.

[ImI]

There are millions of publicly rich people who get around just fine.

Agree. But to me BTC gets "stratospheric" only in a post-state-situation where states have collapsed and BTC becomes the new FIAT and in such a situation you have basically no state on your side that guards you as a rich person. So you go and buy a house and the next day some idiot just comes and moves in with his family. 

Then you need a special security company that helps you to get that asshole out of your house and you hope that his security company isnt better/more capable than yours. 

But now we are way OT cause those are basically issues of anarcho-capitalism.

[cmacwiz]

There are millions of publicly rich people who get around just fine.

Agree. But to me BTC gets "stratospheric" only in a post-state-situation where states have collapsed and BTC becomes the new FIAT and in such a situation you have basically no state on your side that guards you as a rich person. So you go and buy a house and the next day some idiot just comes and moves in with his family. 

Then you need a special security company that helps you to get that asshole out of your house and you hope that his security company isnt better/more capable than yours. 

But now we are way OT cause those are basically issues of anarcho-capitalism.

Well in that case I live on an island, with EMP's loaded on drones to intercept aircraft. And danger-dolphins to protect form incoming ships, which will be quite slow anyways. And then I'll grow pineapple and roast island pigs

[ImI]

There are millions of publicly rich people who get around just fine.

Agree. But to me BTC gets "stratospheric" only in a post-state-situation where states have collapsed and BTC becomes the new FIAT and in such a situation you have basically no state on your side that guards you as a rich person. So you go and buy a house and the next day some idiot just comes and moves in with his family. 

Then you need a special security company that helps you to get that asshole out of your house and you hope that his security company isnt better/more capable than yours. 

But now we are way OT cause those are basically issues of anarcho-capitalism.

Well in that case I live on an island, with EMP's loaded on drones to intercept aircraft. And danger-dolphins to protect form incoming ships, which will be quite slow anyways. And then I'll grow pineapple and roast island pigs

Sounds good, count me in!