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

[realr0ach]

I have a 14K green hardon ...

Shitfinex started mad dumping as soon as they tried to pump it.  Shitstamp was just like "whatever, we have no volume so don't really care what anyone else does.  Just call us tomorrow and tell us whether to set the price to $3k or $14k".

[erre]

Gold only has value because people want it.

People claim that but it's not really true, it's because the class of metals known as noble metals are some of the few substances that fulfill the checklist of requirements needed of money like durability, portability, scarcity, fungibility, divisibility, etc.  

Or to put it differently, gold does not react with oxygen or water, and the planet is covered in both, so it's one of the keys to the durability checkmark.  Silver also does not react with oxygen or water, but it will tarnish from random hydrogen sulfide it runs into in the air.  This means for human purposes, gold is more inert and money is supposed to be as boring and unchanging as possible.  However, the overall durability and inertness of gold, silver, and platinum is mostly negligible when compared to one another, and especially against all other competing non-noble metal substances.

Gold has the benefit of being more inert for human purposes in this ecosystem, but it's also softer than silver, so would actually be less durable in that regard, giving pros and cons to both with gold not actually being a clear all-around winner.  The purpose of the durability is to transfer generational wealth from one person to another, acting as an actual decentralized blockchain without an exposed power vacuum to be taken over and turned into a permissioned ledger monopoly, unlike bitcoin.

Yes, it's true, metals are the real blockchain and bitcoin is a poor Rube Goldberg imitation with huge overhead, built-in middlemen, and non-removal of counter party risk.  As can be seen by comparing the aging of Roman coins, both metals fulfill the role of "durable" and inert enough with the various differences being mostly a wash as talked about above.  These pictures are of a blockchain that's billions of years old.  How old is your shitty blockchain?

Why you said that gold and silver are a blockchain? They clearly are not.

Gold and silver are a pretty different thing than blockchain technology, I really can't understand how you can consider them as some kind of altcoin. They are a way to store value, not a cryptocurrency!

Anyway, I like the gold one! How many btc for that?

[flynn]

january bonus-month panic buy

[Phil_S]

time to go back to $14000

Higher!

[fortune143]

Move all of this gold talk to the gold wall observer thread please, meanwhile bitcoin is preparing to test ~$14k resistance levels.

[flynn]

Move all of this gold talk to the gold wall observer thread please, meanwhile bitcoin is preparing to test ~$14k resistance support  levels.

fixed that for you

[Phil_S]

Fuck gold . if I bought gold instead of bitcoin I would be poor

Imagine investing in silver in 2003, and then holding for 15 years, haha!

[mike4001]

Again at USD 14250

Waiting for the usual dump back to 13k I suppose  

[realr0ach]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

[bitcoinPsycho]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

imagine holding 1000s of bitcoin then selling it all for gold and silver in 2012 . now left trolling WO thread  like some sad bitter lonely fucked up Billy no mates looser

[BlackMambaPH]

Where I can found the previous poll result and what is the right predicted price of the bitcoin after the poll?
I just want to know if how many of voters predicted the right price at that time. Thanks in advance!

[Phil_S]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

Lot's of 'old' 2003 software still runs fine today. It's a good bet.

[realr0ach]

Billy no mates

[Arriemoller]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

What is Bitcoin Atom?

Found this. https://medium.com/@durotimioluseyi/bitcoin-atom-45a99c9085f8

It' going to have atomic swap and lightning network and all the other bitcoin goodies.
It looks like there is quite a devote group of followers that really believe in that coin. That could explain the high price.

[DonQuijote]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

What is Bitcoin Atom?

Found this. https://medium.com/@durotimioluseyi/bitcoin-atom-45a99c9085f8

It' going to have atomic swap and lightning network and all the other bitcoin goodies.
It looks like there is quite a devote group of followers that really believe in that coin. That could explain the high price.

I like pos coins

[Phil_S]

China and Russia are buyin all the godl, prepare comrades, it's comin !

Interesting fact: Russian mining companies produce a lot of gold. More than Russian government is willing to buy.

https://smaulgld.com/wp-content/uploads/2016/01/Russian-gold-mining-vs-gold-reserves.png

[luckygenough56]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

[kurious]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

You mean government reserves, rather than the population, I assume - since China probably as an entire country is probably a little more...

[flynn]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

You mean government reserves, rather than the population, I assume - since China probably as an entire country is probably a little more...

That would be 8,500 T for the US and 2,000 T pour China and Russia, not 8T and 2T.

but the US gold is reputed of 'poor quality' ... some even say that Fort Knox is empty.

[ivomm]

This is hilarious: BTC vs. eth vs. fiat:

https://i.imgur.com/iqXK9mU.gif