Bitcoin Forum
November 20, 2018, 04:50:06 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Poll
Question: Nov. 19 Closing Price:
<$5,000 - 43 (33.6%)
$5,000-$5,100 - 5 (3.9%)
$5,100-$5,200 - 3 (2.3%)
$5,200-$5,300 - 1 (0.8%)
$5,300-$5,400 - 4 (3.1%)
$5,400-$5,500 - 7 (5.5%)
$5,500-$5,600 - 6 (4.7%)
$5,600-$5,700 - 2 (1.6%)
$5,700-$5,800 - 5 (3.9%)
$5,800-$5,900 - 6 (4.7%)
$5,900-$6,000 - 3 (2.3%)
>$6,000 - 43 (33.6%)
Total Voters: 128

Pages: « 1 ... 18079 18080 18081 18082 18083 18084 18085 18086 18087 18088 18089 18090 18091 18092 18093 18094 18095 18096 18097 18098 18099 18100 18101 18102 18103 18104 18105 18106 18107 18108 18109 18110 18111 18112 18113 18114 18115 18116 18117 18118 18119 18120 18121 18122 18123 18124 18125 18126 18127 18128 [18129] 18130 18131 18132 18133 18134 18135 18136 18137 18138 18139 18140 18141 18142 18143 18144 18145 18146 18147 18148 18149 18150 18151 18152 18153 18154 18155 18156 18157 18158 18159 18160 18161 18162 18163 18164 18165 18166 18167 18168 18169 18170 18171 18172 18173 18174 18175 18176 18177 18178 18179 ... 21703 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20758240 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.
JayJuanGee
Legendary
*
Online Online

Activity: 1708
Merit: 1444


How much alt coin diversification is needed? 0%?


View Profile
November 02, 2017, 11:33:16 PM

guys?

where the actual fuck is Torque?


I got a PM from him.  He  decided to confide in me, since we get along so well.

He told me that he has been thinking a lot, and mostly coming back to roach with all of his waking thoughts.

Therefore, he decided to go on a gold and silver buying spree.. in other words, he's hanging out with the roachster, and hating the rest of us fucks.   Wink
1542732606
Hero Member
*
Offline Offline

Posts: 1542732606

View Profile Personal Message (Offline)

Ignore
1542732606
Reply with quote  #2

1542732606
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542732606
Hero Member
*
Offline Offline

Posts: 1542732606

View Profile Personal Message (Offline)

Ignore
1542732606
Reply with quote  #2

1542732606
Report to moderator
1542732606
Hero Member
*
Offline Offline

Posts: 1542732606

View Profile Personal Message (Offline)

Ignore
1542732606
Reply with quote  #2

1542732606
Report to moderator
JayJuanGee
Legendary
*
Online Online

Activity: 1708
Merit: 1444


How much alt coin diversification is needed? 0%?


View Profile
November 02, 2017, 11:37:44 PM

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.


Your surely going down the hopium rabbit hole with those speculations.   Roll Eyes Roll Eyes
Last of the V8s
Legendary
*
Online Online

Activity: 952
Merit: 1530


Be a bank


View Profile
November 02, 2017, 11:41:55 PM

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.
Ibian
Legendary
*
Online Online

Activity: 1736
Merit: 1116



View Profile
November 02, 2017, 11:44:12 PM

https://youtu.be/YIMWLOSRZ_A

whoah nelly. Lloyd Blankfein begins to understand consensus and ... and bitcoin.

I can barely imagine how much cream would've poured out of everyone's knickers if that was posted in any year other than this one.

As it stands, it's a little silly that a completely logical stance is lauded, but that goes to show the calibre of the average detractor.
Just humans in general, really. We feel first, then we rationalize and tell ourselves how logical we are.
lightfoot
Legendary
*
Offline Offline

Activity: 1666
Merit: 1043


I fix broken miners. And make holes in teeth :-)


View Profile
November 02, 2017, 11:45:25 PM

Hm. Lambos are way cheaper than I thought. Wonder if I can fit in one.

Hm.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2786
Merit: 1106



View Profile
November 02, 2017, 11:46:22 PM

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase?

most of you guys still don't get it ... the "whole US population" is pretty much broke, even though the US is still near top of per capita wealth globally.

Wealth is incredibly concentrated at the top of the pyramid, arguably more so than at any other time in history. bitcoin doesn't need to go "mainstream" to achieve crazy valuations, capturing just few percents of total wealth, since the mainstream is basically broke. If bitcoin did go mainstream before the top 0.1% went in to bitcoin then that would be the greatest economic revolution and rebalancing of wealth inequality witnessed in history, so I'd be very skeptical that adoption will play out like that. Most likely the wealthy will want to remain wealthy and try to front run the mainstream, as they always do, that means very few "Coinbase users".

There's something like 2,050 billionaires in the world and ~200,000 UHNWI (>$30million). A small percent of these 202,000 people allocating a small percent of wealth to bitcoin is most likely what is happening. That is not to say this relatively small group of people aren't influenced by evidence of millions of people joining Coinbase and other bitcoin sites. But most likely they are chasing gains like everyone else or actually need to use bitcoin to move some funds around the globe frictionlessly, permissionlessly.
micgoossens
Hero Member
*****
Online Online

Activity: 504
Merit: 984


yeah,well you know that's just like your opinion


View Profile
November 02, 2017, 11:46:47 PM

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)
niners
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile WWW
November 02, 2017, 11:55:12 PM

"Coinbase Adds A Record 100,000 Bitcoin Traders In One Day"

zerohedge...its in your bookmarks

[img]

http://www.zerohedge.com/news/2017-11-02/coinbase-adds-record-100000-bitcoin-traders-one-day

Bitcoin is not a bubble ... Bitcoin, it's people.
With real money and that, it's new for all.

Reach 10k$ before the end of 2017.

How can that be??  I am amazed!  100k users in a day?
IN-FUCKING-SANE!



I think it was actually a 48-hour period not 24.
Also, Zerohedge puts out a lot of bullshit and I have never once seen a retraction.
Then there is the word 'trader' being used for every person who signs up. The number of users who ever buy or sell anything is unknown.

Okay so it's not as sensational as it sounds at first but it still is further evidence that exponential growth is happening.
conspirosphere.tk
Legendary
*
Offline Offline

Activity: 2352
Merit: 1064


Bitcoin is antisemitic


View Profile
November 02, 2017, 11:57:10 PM


indeed :-D  But not my case, luckily.
I'm too having fun looking at /biz/ lately.
Last of the V8s
Legendary
*
Online Online

Activity: 952
Merit: 1530


Be a bank


View Profile
November 02, 2017, 11:59:53 PM

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

easy peezy Daisy Ridley
LewisPirenne
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
November 03, 2017, 12:24:53 AM

Actually most of people on this planet are broke and just worry about daily sustenance.  So even if they knew something about bitcoin, they probably would buy very little, if at all, and had get out as soon as they need the money for something else.  

So even if Mircea Popescu type of elitism is repugnant, he is right in that Bitcoin does NOT give a fook whether it sees widespread use as payment or the masses adopt it.  It's going to go up if enough elites see it as a hedge against central bank experimentalism or as a new method of exerting controls.  As I stated before, I got in in late 2012 mostly as a hyperdeflationary experiment, i.e. I want to see whether we can trigger the first recorded case of hyperdeflation in human history.  

Since bitcoin is highly deflationary by design, it is irrational to spend it when you have fiat alternatives readily available, e.g. Visa/Master/Paypal/Alipay/Debit-card/Fiat-Cash.  If any kind of S curve adoption occurs, then BTC would be hoarded to oblivion.  Gresham's law would tell you that people always want to spend the "bad money", e.g. fiat, before spending "good money" like gold or BTC.  So eventually just as in hyperinflation, people try to spend the toilet paper confetti before it becomes worthless, people would hoard BTC before it becomes even more valuable.  The end game would be the same, they lose their function as a medium of exchange, because one has zero function as storage of value, and the other because it is just too valuable to be spent.  

If one just look at BTC in fiat term, going from sub $1 to $7000+ in 7+ years is pretty hyperdeflationary.  It's even worse if one looks at it in "purchasing power parity" terms, i.e. Laszlo's pizza, 2 pizza for USD$70 million, an increase of at least 7,000,000 times.  Naturally the implication would be that if BTC undergoes hyperdeflation, any charting/wave-theory/fibonacci/TA would be meaningless.  That's like applying TA to Weimar stock market or the IBVC (Venezuela stock index), which is up like 20x in 2017 alone and 50x in 1 year.  
pfrtlpfmpf
Sr. Member
****
Offline Offline

Activity: 392
Merit: 257


View Profile
November 03, 2017, 12:26:13 AM

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

easy peezy Daisy Ridley


I´m so thanksful, that i have google  Smiley
vortex1878
Hero Member
*****
Offline Offline

Activity: 492
Merit: 500


View Profile
November 03, 2017, 12:42:21 AM

do   we   keep   an   eye   on   the   price   movement   chart

we are observe wall



Now, THAT is a beautiful wall, though your english isn`t as beautiful.
I like the brick in the lower left, he`s holding it all together.

Löl. Did you know that '≠`? And that a brick is actually neuter, not male? And that English is spelled with an upper case "E"?
People who live in glass houses shouldn't throw stones...  Grin

You´re german, right ?
Please, don´t embarrass us further !



Das kann ich nur zurückgeben. ^^
Schnall' mal den Unterschied zwischen dem Französischen "l'accent" ´ bzw. ` (Du bist nicht einmal konsistent falsch. Löl.) und dem Apostroph '. Und dem ganzen anderen Mist, den ich erwähnte. Mach' Dich nicht lächerlich. Grin
Aber zum Thema nochmals: Wer im Glashaus sitzt... Wink
Last of the V8s
Legendary
*
Online Online

Activity: 952
Merit: 1530


Be a bank


View Profile
November 03, 2017, 12:49:29 AM

LewisPirenne you read this? http://nakamotoinstitute.org/mempool/hyperbitcoinization/
jbreher
Legendary
*
Offline Offline

Activity: 2198
Merit: 1129


lose: unfind ... loose: untight


View Profile
November 03, 2017, 01:04:15 AM

grasping...

https://blog.bitgo.com/bitgos-segwit2x-plan-bb8f17e972d3
Belshe's plans

also nb: During this period we’ll be doing two things:  1. Isolating BitGo’s coins ...

inadvertently (?) admits the coins are his if they're on his exchange/wallet

That's not what I get out of it:

Quote
At the time of the fork, BitGo will begin a process of double spending (via RBF) some of its own coins to isolate them onto each chain.
...
Isolating BitGo’s coins onto each of the two chains for replay safety, as described above.
...
All transactions will include split coins from BitGo, and will therefore mitigate the risk of spending on the minority chain.

They're obviously describing a process where they mix some post-split coins with transactions funded by pre-split coins in order to provide replay protection. Can't do that without post-split coins. For which they will use their own. Not putting customer coins at risk for the minimally-yet-somewhat risky operation of being split by timing onto chain.

Of course, if you have evil in your heart, you'll see demons lurking in every shadow.
Torque
Legendary
*
Offline Offline

Activity: 1624
Merit: 1407



View Profile
November 03, 2017, 01:04:36 AM

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

easy peezy Daisy Ridley


I remember back in May when Bitcoin first hit 2187. I had a little chuckle.
LewisPirenne
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
November 03, 2017, 01:09:57 AM


I think that article is merely referring to the superiority of BTC against fiat if they were allowed to freely compete and BTC would see widespread adoption as a result.  

But with hyperdeflation, it is not only fiat losing great deal of purchasing power, BTC would also gain enormous purchasing power against other more traditional and productive assets, e.g. gold/crude-oil/farmland.  

As we know, gold and silver retain its purchasing power over long period time, i.e. the tuition for a four year Ivy League degree is still about 5 kg (150 oz) of gold after more than a hundred years and price of cattle since Roman empire time didn't change much in terms of gold.  There is also a somewhat stable relationship between important cross rate such as oil/gold.  But with hyperdeflation, you would expect something like Francis Bacon's triptychs, hoarded and pass off as heirlooms, where owning bitcoin alone would confer status and respect, like some birthright for the aristocracy.    
jbreher
Legendary
*
Offline Offline

Activity: 2198
Merit: 1129


lose: unfind ... loose: untight


View Profile
November 03, 2017, 01:16:48 AM

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.

Possible, but unlikely. What the average person on the street hears in terms of crypto:

"...bitcoin bitcoin blockchain bitcoin ethereum bitcoin drugs blockchain bitcoin money laundering bitcoin bitcoin bitcoin..."

No, probably won't go on forever. Indeed, once everyone is in, there is pretty much nowhere to go. But we're orders of magnitude away from that.
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1176
Merit: 1051



View Profile
November 03, 2017, 01:25:50 AM

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.

Possible, but unlikely. What the average person on the street hears in terms of crypto:

"...bitcoin bitcoin blockchain bitcoin ethereum bitcoin drugs blockchain bitcoin money laundering bitcoin bitcoin bitcoin..."

No, probably won't go on forever. Indeed, once everyone is in, there is pretty much nowhere to go. But we're orders of magnitude away from that.

Normals are still trying to blockchain all the things. I swear 90% of people in 'fintech' are retarded.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2786
Merit: 1106



View Profile
November 03, 2017, 01:26:18 AM

^^^ ... the "everyone all in" adoption scenario figure I come up with for top of the S-curve price is around USD5million per btc (upper bound), but that would be in today's USD which will be toilet paper, wheelbarrow money by then. So 'only' 3 orders of magnitude possible increase left. It maybe be difficult to price btc in that scenario since it will be the numeraire, even gold and silver may be being cast in the streets ...
Pages: « 1 ... 18079 18080 18081 18082 18083 18084 18085 18086 18087 18088 18089 18090 18091 18092 18093 18094 18095 18096 18097 18098 18099 18100 18101 18102 18103 18104 18105 18106 18107 18108 18109 18110 18111 18112 18113 18114 18115 18116 18117 18118 18119 18120 18121 18122 18123 18124 18125 18126 18127 18128 [18129] 18130 18131 18132 18133 18134 18135 18136 18137 18138 18139 18140 18141 18142 18143 18144 18145 18146 18147 18148 18149 18150 18151 18152 18153 18154 18155 18156 18157 18158 18159 18160 18161 18162 18163 18164 18165 18166 18167 18168 18169 18170 18171 18172 18173 18174 18175 18176 18177 18178 18179 ... 21703 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!