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Question: When will we see a new ATH?
October - 16 (23.9%)
November - 10 (14.9%)
December - 22 (32.8%)
2022 - 11 (16.4%)
After 2022 - 8 (11.9%)
Total Voters: 67

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25443413 times)
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BTCMILLIONAIRE
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April 02, 2018, 10:00:30 AM

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

Quote
The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.
Not to mention the very real threat of synthetic gold becoming dirt cheap with breakthroughs in either the synthetic process itself or energy (nuclear fusion), or future asteroid mining. I wouldn't bet on metals for the next decades as a safe haven.

I'm not sure why people all go to nucleosynthesis and asteroid mining when presenting these arguments. The gold industry hasn't even made it economically feasible to do deep sea mining or just digging deeper. We haven't even pecked the surface of our own planet. I would imagine going down deeper  into the crust and maybe even starting to go into the mantle would be way cheaper than flying back and forth to some asteroid.
Because nuclear fusion is predicted for 2030ish, which would render energy as an abundant resource and hence make both synthesis and space mining more sensible than carving out our home planet. And that's just one drop in the ocean of inventions on the horizon.
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Last of the V8s
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April 02, 2018, 10:07:33 AM
Merited by jbreher (1)


bulls rn
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April 02, 2018, 10:32:19 AM

There was allready a Nice and deep drop...... but the best is nobody knows When or what or how deep or how high what Going to happen Will be NEW for all of us
The tech is new and very exciting Many people wants to join it and young and younger people Will get involved more and more
Its Made to BOOOOOOM and skyrocket and firetrain and crush financial institutes and  Grin
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April 02, 2018, 10:39:24 AM



I'll have to talk to Jimbo. The ATM I was looking at was looking to really squeeze me.

Go though the rates for all your nearest ATMs shown on coinatmradar until you find one that's not ripping you off.

https://coinatmradar.com/

This post explains how Jimbo does it. He said in other posts that he has to shop around until he finds one with a rate he likes. Some of them have a constantly changing rate.

Did your ATM let you withdraw 2 $2.5k transactions anonymously (without ID) a few weeks ago? I assumed you must have provided ID scans to get that kind of limit allowed.

No ID required. To maintain a daily limit for the purpose of AML laws, they require a cell phone on which you can receive text messages.

To sell coins, you enter your cell number and they immediately text you a code number to enter into the ATM. This unlocks the ATM and allows you to do the transaction. After you have specified the amount of the transaction, it displays a QR code to scan with your mobile hot wallet.

It then tells you to wait for the transaction to be confirmed by the network. I always include a priority fee and it has always been included in the next block. After it has been confirmed, it texts you and tells you to return to the ATM and tap "redeem".  They then text you another code number. When you enter that number it immediately starts spitting out $100 bills.

The time it takes for the whole process depends on the time it takes to confirm the TX. It has never taken me more than a half hour.

The cell phone I use is an anonymous pay-as-you-go Speakout flip-phone from a 711 store. I have several of them (all free from promotions) in case I ever need to exceed my daily limit. Because Speakout allows free texting even when the time has run out, they cost nothing and are always available.

The Android device I use for the Mycellium wallet to sweep a paper wallet and send the coins, is a cheapie Blu phone they were giving away for free for buying an air-time top-up in a holiday promotion a couple of years ago. To get Android to boot up I had to insert a SIM card but I found that a non-activated card worked just fine. The SIM card was also free in a promotion and fully anonymous. I connect to the network via free wifi from a donut shop next door. Of course the Android phone has never been connected to my home wifi nor been associated with my identity in any way.

Needless to say, I never connect to Google or Playstore. I installed Mycellium from an APK file downloaded on a Windows PC from the Mycellium website.

Buying coins is even easier. You simply tap "buy", scan the QR code for your paper wallet's public key, and start feeding in cash. No phones or devices required.

I'll never understand why people have a problem with paper wallets. They're easy to use and and offer the ultimate in security.




Well you aren't in the USA where they have cameras and datapoints of your existence everywhere.. there are at least 8-10 people and a supercomputer assigned to EACH civilian.. lab animals have more freedom

Lol. So in America there are 350 million supercomputers and between 2.8 billion and 3.5 billion people assigned to track all the 350 million civilians? Lol. Sounds legit.

Conspiracy theorists =/logic
A single smart phone would have been considered a super computer not long ago.
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April 02, 2018, 11:28:37 AM

nouveaus are not gentlemen

This is gentlemen.
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April 02, 2018, 11:32:33 AM

Im not supposed to be a gentlemen. Im supposed to be like a ratchet kid or a fierce warrior. I dont want to wear suits and ties and shit.
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April 02, 2018, 11:44:09 AM

Im not supposed to be a gentlemen. Im supposed to be like a ratchet kid or a fierce warrior. I dont want to wear suits and ties and shit.

Indeed. In bitcoin this is gentleman:

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April 02, 2018, 11:48:25 AM

Good news: it's not 1950s anymore.


P.S. I have no life, and therefore, no "lifestyle".
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April 02, 2018, 11:52:16 AM

I must confess, I was a little tempted to buy some EOS, but the feeling that we'll see more tears in the next 12h just won't leave me.
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April 02, 2018, 12:08:29 PM

Shut the fuck up with your 'tears' already, Bittard. What are you, 12?

I can't help it, bitcoiner tears are one of the best parts in gambling with cryptos. I don't mean to sound bitter, cold, or cruel, but I am, so that's how it comes out.
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April 02, 2018, 12:15:36 PM

You can help it, if you an adult.
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April 02, 2018, 12:18:02 PM

You can help it, if you an adult.

I really can't.. bitcoiners could help me by being a little less entitled, self-righteous, greedy and dumb. Maybe then their tears wouldn't taste so good? Who knows..
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April 02, 2018, 12:22:22 PM

       I have  nuclear physicists' comments on fusion. real and now.    Exaggerated news articles in usa media like arstechnica and other americans msm news ..LOL.. usa in own nature dont like free energy or other forms .. usa need vassals..slaves to blackmailing.. free energy is anti-usa "security" for us state

        We CRAZY away from it to some form of  fusion and production of electricity was reliable! maybe 2050
     there is four way to "go"
        Polywell
        Dense Plasma Focus
        Laser Fast Ignition
         Z-pinch
 And there have one BIG problem for all this: "bremsstrahlung" there is not exactly english text becouse germans scientist.))

  https://en.wikipedia.org/wiki/Polywell  
  https://en.wikipedia.org/wiki/Dense_plasma_focus  
  http://www.hiperlaser.org/
  http://www.sandia.gov/z-machine/?p=59
And : https://en.wikipedia.org/wiki/Aneutronic_fusion

p-11B Wink
  
All research in recent years has stagnated. But states/nations  in the world produce research independently and secretly... Why ? read mi first two long sentences.. Grin
the biggest powerhouse of the fusion power will be Asia wheere live 3 billions people .. soo by more reliable for them invest in this fusion energy ,, in relative low density population countries and big size will low.

from that "asteroids mining" i will not comment..is utter low.. sci-fi for this century or more



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what is this "brake pedal" you speak of?


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April 02, 2018, 12:40:02 PM

Does anyone find that their clothing and demeanor does not yet match their new lifestyle and their confusing the hell out of everyone, security guards, etc.

yup.

why change my dress code (jeans and tee shirt) and lifestyle (do whatever i want).

its just the location i do it in changes. new sights and places to see, better hotels and such.
serveria.com
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April 02, 2018, 12:52:52 PM

You can help it, if you an adult.

I really can't.. bitcoiners could help me by being a little less entitled, self-righteous, greedy and dumb. Maybe then their tears wouldn't taste so good? Who knows..

Funny to hear it from someone who sold BTC in 2015. You have already failed by not hodling until december 2017... but I bet you will feel even worse soon when BTC will hit $100k.  Grin
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April 02, 2018, 12:57:49 PM

You can help it, if you an adult.

I really can't.. bitcoiners could help me by being a little less entitled, self-righteous, greedy and dumb. Maybe then their tears wouldn't taste so good? Who knows..

Funny to hear it from someone who sold BTC in 2015. You have already failed by not hodling until december 2017... but I bet you will feel even worse soon when BTC will hit $100k.  Grin

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April 02, 2018, 01:00:20 PM

You can help it, if you an adult.

I really can't.. bitcoiners could help me by being a little less entitled, self-righteous, greedy and dumb. Maybe then their tears wouldn't taste so good? Who knows..

Funny to hear it from someone who sold BTC in 2015. You have already failed by not hodling until december 2017... but I bet you will feel even worse soon when BTC will hit $100k.  Grin

You are mistaken with something. I stopped playing with BTC in 2013, not 2015. It has been a profitable decision.
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April 02, 2018, 01:13:41 PM

Let be the volume, let's shake this market for good. I did my buys at the bottom  and I never was so convinced of saving my savings from utter depreciation. What bothers  me the most? I still have to wear a tie
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April 02, 2018, 01:23:31 PM

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

Quote
The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

The point of the article is the price suppression via futures trading that cannot be denied. There is an ultimate correlation between futures and price suppression. If they manage to build greater volume on those f*c*king contracts we will have a problem.
Good thing is Bitcoin is not gold, bitcoin is not behind cages but free on the internet.!
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April 02, 2018, 01:27:10 PM

You can help it, if you an adult.

I really can't.. bitcoiners could help me by being a little less entitled, self-righteous, greedy and dumb. Maybe then their tears wouldn't taste so good? Who knows..

Funny to hear it from someone who sold BTC in 2015. You have already failed by not hodling until december 2017... but I bet you will feel even worse soon when BTC will hit $100k.  Grin

You are mistaken with something. I stopped playing with BTC in 2013, not 2015. It has been a profitable decision.

We can easily find out if your decision was profitable or not - please let us know how many BTC you owned and the price you sold them for. Then compare it to the December 2017 price and calculate your losses  Grin   I bet you feel butthurt and can't wait for BTC to hit $2k so you can rebuy. But no, that's not gonna happen...
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