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

[Torque]

It's because the noble metals are the most suitable thing for use as money on earth

Scenario:
Apocalypse happens, but the worldwide internet still works.
But you and your family find yourself starving for food, about to die.
You have 10- 1oz. gold coins.
You meet a man on the street that has two chickens.
You ask to buy one of the chickens.
He asks you if you have some bitcoin.
You say you don't.
You then ask him how much gold would he take for one of the two chickens.
He says all 10 of your gold coins.
And you know what? If you're family is starving, you'll give him all of them or you will die.

Congrats, you just paid $13K for one meal for your family, and now you don't have any gold coins left.
Even if you haggled him down to just 1 coin, you still probably overpaid.

Yeah, gold is so perfect as a form of barter.  

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[sidhujag]

"Kraken Raises Bitcoin Withdrawal Transaction Fees to $7"

lol, fuck this rent seeking usury system.  

It's going to be interesting to see how many blockchain cheerleaders are left when the transaction fees are like $50 and all transactions are faith based off-chain.  The Gavinator did once say high fees are a great problem to have but I don't think he had this in mind.  Another thing that's always amused me about bitcoin is how they renamed Orwellian police state where all transactions are traced and monitored to "blockchain" and suddenly people thought it was cool.  What's up with that?

Watch for a decentralized payment channel mechanism to ease your trolling concerns.

[sidhujag]

It's because the noble metals are the most suitable thing for use as money on earth

Scenario:
Apocalypse happens, but the worldwide internet still works.
But you and your family find yourself starving for food, about to die.
You have 10- 1oz. gold coins.
You meet a man on the street that has two chickens.
You ask to buy one of the chickens.
He asks you if you have some bitcoin.
You say you don't.
You then ask him how much gold would he take for one of the two chickens.
He says all 10 of your gold coins.
And you know what? If you're family is starving, you'll give him all of them or you will die.

Congrats, you just paid $13K for one meal for your family, and now you don't have any gold coins left.
Even if you haggled him down to just 1 coin, you still probably overpaid.

Yeah, gold is so perfect as a form of barter.  

Punch him in face and take it.. shtf so no cops around.

[lost_in_base]

INCOMING!

PREPARE FOR THE DUMP

[FractalUniverse]

INCOMING!

PREPARE FOR THE DUMP

now?
haha
i would be very surprised. charts are saying its going at least for retest of highs.

[JamStrong]

INCOMING!

PREPARE FOR THE DUMP

Im preparing for the dump on the moon

[Dabs]

Scenario:
Apocalypse happens, but the worldwide internet still works.
But you and your family find yourself starving for food, about to die.
You have 10- 1oz. gold coins. gold plated bullets and a single stack 1911.

You get free food, probably without firing any shots, until the silver plated axe guy. ...

[JamStrong]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)
http://imgur.com/a/Jdj5X

[savetherainforest]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)

Go away sh!ll... crawl back into your cave! Move!!! Don't stay in our way or the train will knock you down!!!    

[JamStrong]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)
http://imgur.com/a/Jdj5X

http://i.imgur.com/jpENTL5.gif



Go away sh!ll... crawl back into your cave! Move!!! Don't stay in our way or the train will knock you down!!!   

Yes, I'm a shill of bitcoin. The name of this thread is Wall Observer BTC/USD - Bitcoin price movement tracking & discussion by the way.

[Elwar]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

[JamStrong]

I easily won my bet of btc passing 2k by the beginning of March. Now I'm setting up another side bet with the same person on the over under of btc hitting 3k by the end of this month. I have to choose this time because he took the under on the last bet. I'm torn because I'm thinking the under but I would prefer to lose the bet and haveit surpass 3k by end of June

It will go over 3k ... but I would advise the other person to stop betting against going down, because its going up! And you should know that everything under $5k is a dip till the end of this year!

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FjpENTL5.gif&t=577&c=EahcaBfS1C5h8g

[Kanapka]

It's because the noble metals are the most suitable thing for use as money on earth

Scenario:
Apocalypse happens, but the worldwide internet still works.

It is happening in some countries, like Venezuela, some places in Africa and Middle east etc...

Maybe you'll have your personal apocalypse too.

[savetherainforest]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

[bones261]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

Don't be so sure. The beginning of civilization happened soon after the last ice age.

[Paashaas]

Another weekend pump incomming, we will hit $3000 within one week 

[sidhujag]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

Your a nomad at heart.. thats cool. But with family it gets hard. Imo wherever you are there are pockets of sanity if you have currency that people will accept. So bitcoin will be an out either way.

[savetherainforest]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

Don't be so sure. The beginning of civilization happened soon after the last ice age.

Yep... I like the cold! It encourages ideas and productivity in harsh conditions!

[BlindMayorBitcorn]

well this is a question that is made many many times...
any actual news for this small dump?

They call it the Flippening I believe. Imagine the Heaven's Gate cult from the 80's, only with cryptocurrency.

Not even kidding...

[savetherainforest]

Not even kidding...

MAKE IT SNOW!!!