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Question: Closing BTC Price June 17:
$0 - 2 (1.7%)
<$6,500 - 7 (6%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.7%)
$7,001-$7,250 - 3 (2.6%)
$7,251-$7,500 - 6 (5.2%)
$7,501-$7,750 - 4 (3.4%)
$7,751-$8,000 - 12 (10.3%)
$8,001-$8,250 - 13 (11.2%)
$8,251-$8,500 - 6 (5.2%)
$8,501-$8,750 - 6 (5.2%)
$8,751-$9,000 - 11 (9.5%)
$9,001,$9,250 - 10 (8.6%)
$9,251-$9,500 - 9 (7.8%)
>$9,500 - 16 (13.8%)
$20,000 - 8 (6.9%)
Total Voters: 116

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21224021 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. (64 posts by 15 users deleted.)
jojo69
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May 07, 2018, 04:42:19 PM

$6144 two part betting game.

A) When will $6144 be broken on the way down.

B) When will $6144 be broken back on the way up.

June 8

for both
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BobLawblaw
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May 07, 2018, 04:44:37 PM

$6144 two part betting game.
...

Dude.
bitserve
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May 07, 2018, 04:46:05 PM

$6144 two part betting game.

A) When will $6144 be broken on the way down.

B) When will $6144 be broken back on the way up.

How much for loosing my dignity betting on your absurd game?

Nevermind, you don't have that much.
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May 07, 2018, 04:59:09 PM

Dude.

shit is volatile yo
Last of the V8s
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May 07, 2018, 04:59:22 PM

Incelcoin: Collectible condoms on the blockchain. Patently unreproducible.
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May 07, 2018, 05:24:20 PM

Munger Massacres "Scumbag, Immoral" Bitcoin Traders, Gates "Would Short It" If He Could
"Bitcoin is worthless artificial gold... It's anti-social, stupid and immoral...it's as bad as trading freshly harvested baby brains..."

You mad bro?
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May 07, 2018, 05:43:50 PM



God I feel so restless these days. I think I have to quit my job and finally be a full time bitcoiner: I'm tired of this shit! I guess if I wouldn't have had these monthly buying needs I would have been out already.
Beer...

Decentralization is one of the most, or the most, important foundational principles of Bitcoin
Bingo.
Lose that, and really you lose Bitcoin's reason to exist in the first place. A centralized Bitcoin will never be any better than PayPal wrt buying stuff. And a completely centralized digital Gold 2.0 is pretty meaningless as well.
Applause for both
realr0ach
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May 07, 2018, 05:53:27 PM
Last edit: May 07, 2018, 06:03:34 PM by realr0ach

Munger Massacres "Scumbag, Immoral" Bitcoin Traders, Gates "Would Short It" If He Could
"Bitcoin is worthless artificial gold... It's anti-social, stupid and immoral...it's as bad as trading freshly harvested baby brains..."

You mad bro?

It is immoral.  I've posted in this thread numerous times before that the basis of human trade is barter, and the further you abstract away from barter, the bigger a scam it is.  Now, humans utilize specialization in labor, so a medium to facilitate trade that reduces friction of barter might be necessary (or maybe not necessary at all, just convenient), so you might need to abstract one step away from barter.  It just so happens that the exchange of physical commodity currency, whether it's wood, grains, physical silver, oil, etc, just so happens to be the closest thing to barter without actually being barter - the lesser of all evils.

If I try and exchange something like grains or silver with you, I'm clearly not trying to swindle you because these items have intrinsic value for humans.  It's virtually the same as me exchanging some bread for one of your cows, just slightly more streamlined and convenient. However, the second I try and initiate a trade with you using an item that has NO INTRINSIC VALUE WHATSOEVER, whether it's US dollars or bitcoins, it would make me party to a scam, even if I did not create the scam myself.

It does not matter if you're able to dump the dollars or bitcoins before they go to zero, rendering our trade amiable in circumstance, you are STILL party to a game of hot potato where you're trying to leave someone else holding the bag on a valueless object somewhere down the line, making YOU a scammer yourself, even if done in a highly obfuscated manner.   A moral person would reject entirely ANY type of system that has no intrinsic value because you're inherently trying to scam people by default.
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May 07, 2018, 06:02:45 PM
Merited by Wekkel (1)

Munger Massacres "Scumbag, Immoral" Bitcoin Traders, Gates "Would Short It" If He Could
"Bitcoin is worthless artificial gold... It's anti-social, stupid and immoral...it's as bad as trading freshly harvested baby brains..."

You mad bro?

It is immoral.  I've posted in this thread numerous times before that the basis of human trade is barter, and the further you abstract away from barter, the bigger a scam it is.  Now, humans utilize specialization in labor, so a medium to facilitate trade that reduces friction of barter might be necessary (or maybe not necessary at all, just convenient), so you might need to abstract one step away from barter.  It just so happens that the exchange of physical commodity currency, whether it's wood, grains, physical silver, oil, etc, just so happens to be the closest thing to barter without actually being barter - the lesser of all evils.

If I try and exchange something like grains or silver with you, I'm clearly not trying to swindle you because these items have intrinsic value for humans.  It's virtually the same as me exchanging some bread for one of your cows, just slightly more streamlined and convenient.  However, the second I try and initiate a trade with you using an item that has NO INTRINSIC VALUE WHATSOEVER, whether it's US dollars or bitcoins, it would make me party to a scam, even if I did not create the scam myself.

It does not matter if you're able to dump the dollars or bitcoins before they go to zero, rendering our trade amiable in circumstance, you are STILL party to a game of hot potato where you're trying to leave someone else holding the bag on a valueless object somewhere down the line, making YOU a scammer yourself, even if done in a highly obfuscated manner.

My Lambos aren't going to give a fuck what you consider a scam  Wink
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May 07, 2018, 06:06:16 PM

Munger Massacres "Scumbag, Immoral" Bitcoin Traders, Gates "Would Short It" If He Could
"Bitcoin is worthless artificial gold... It's anti-social, stupid and immoral...it's as bad as trading freshly harvested baby brains..."

You mad bro?

It is immoral.  I've posted in this thread numerous times before that the basis of human trade is barter, and the further you abstract away from barter, the bigger a scam it is.  Now, humans utilize specialization in labor, so a medium to facilitate trade that reduces friction of barter might be necessary (or maybe not necessary at all, just convenient), so you might need to abstract one step away from barter.  It just so happens that the exchange of physical commodity currency, whether it's wood, grains, physical silver, oil, etc, just so happens to be the closest thing to barter without actually being barter - the lesser of all evils.

If I try and exchange something like grains or silver with you, I'm clearly not trying to swindle you because these items have intrinsic value for humans.  It's virtually the same as me exchanging some bread for one of your cows, just slightly more streamlined and convenient.  However, the second I try and initiate a trade with you using an item that has NO INTRINSIC VALUE WHATSOEVER, whether it's US dollars or bitcoins, it would make me party to a scam, even if I did not create the scam myself.

It does not matter if you're able to dump the dollars or bitcoins before they go to zero, rendering our trade amiable in circumstance, you are STILL party to a game of hot potato where you're trying to leave someone else holding the bag on a valueless object somewhere down the line, making YOU a scammer yourself, even if done in a highly obfuscated manner. A moral person would reject entirely ANY type of system that has no intrinsic value because you're inherently trying to scam people by default.

My Lambos aren't going to give a fuck what you consider a scam  Wink

r0ach and his physical silver will soon defeat Torque the cat at the Bentley wars anyway.
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May 07, 2018, 06:20:18 PM

I don't think anyone here really gives a flying fuck
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May 07, 2018, 06:27:14 PM

It is immoral.  I've posted in this thread numerous times before that the basis of human trade is barter, and the further you abstract away from barter, the bigger a scam it is.  Now, humans utilize specialization in labor, so a medium to facilitate trade that reduces friction of barter might be necessary (or maybe not necessary at all, just convenient), so you might need to abstract one step away from barter.  It just so happens that the exchange of physical commodity currency, whether it's wood, grains, physical silver, oil, etc, just so happens to be the closest thing to barter without actually being barter - the lesser of all evils.

If I try and exchange something like grains or silver with you, I'm clearly not trying to swindle you because these items have intrinsic value for humans.  It's virtually the same as me exchanging some bread for one of your cows, just slightly more streamlined and convenient. However, the second I try and initiate a trade with you using an item that has NO INTRINSIC VALUE WHATSOEVER, whether it's US dollars or bitcoins, it would make me party to a scam, even if I did not create the scam myself.

It does not matter if you're able to dump the dollars or bitcoins before they go to zero, rendering our trade amiable in circumstance, you are STILL party to a game of hot potato where you're trying to leave someone else holding the bag on a valueless object somewhere down the line, making YOU a scammer yourself, even if done in a highly obfuscated manner.   A moral person would reject entirely ANY type of system that has no intrinsic value because you're inherently trying to scam people by default.

Even if it is the case that the bitcoin protocol as a whole is a scam it certainly does not follow that individual actors are trying to scam people by trying to barter with something that they personally value and are hoping that others will value as well. Your proposition is absurd.
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May 07, 2018, 06:35:14 PM

Usually the intent of a seller is to actually sell their coins, not to manipulate the market and "hold it down".

Here's another example of the fantasy world that you seem to live.

Huh Surely, you can't be serious. Or are you just tweaking Torque now with your feigned conspiracy theory?
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May 07, 2018, 06:38:37 PM

Why is btrash doing so well ?
Probably because of the upcoming fork.
...
Quote
Proponents are looking forward to a 32 MB block size increase and op-code additions that could bring ethereum-like characteristics to the BCH network.

Jesus Titty-Fucking Christ.

The cancer that is BCash cannot die soon enough, along with Roger Ver.
Bigger blocks is a good thing. The problem is that they are being deceptive cunts. If we had chosen big blocks and they had chosen segwit, we would still think the same thing about them, and for the same reason. And be applauding ourselves for making the correct choice.

It's the people, not the tech.

Perhaps, but we do have better tech.
By what metric? Not interested in having that debate, but it needs to be backed up by something.

Regardless of that, if the tech were reversed we would be talking about how they overly complicated things. Humans feel first and then rationalize. Especially in this sort of tribal spat.

So there is no perfect simulator in existence yet solving all that questions.

We need to try it - that's done with open source / markets.

Sure, that's the definitive probe. But if one is going to make a bald claim, one should expect to be called on it.

So what's the evidence?
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May 07, 2018, 06:50:16 PM

I guess if I wouldn't have had these monthly buying needs I would have been out already.

Interesting. I can't see myself ever as out.
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May 07, 2018, 06:58:49 PM

I guess if I wouldn't have had these monthly buying needs I would have been out already.

Interesting. I can't see myself ever as out.

I'm retired and out. (goal is to use crypto ...mostly alts...and mining to get buy next 3 years when I touch traditional soc sec and investments....don't

really need to do this ..but hey, its a goal) Smiley

HOWEVER, scrypt-pow mining may be 'dead' to me by August 2018, if these prices vs difficulty keep up...vs difficulty

Thus, I will likely, crack, like a walnut, (overkill) either by BTC hitting say, 8k again or 15k again...I might dump up to 25%

of my Hoard (not sure the mixture of alts to btc) ....due to the fact I REALLY, REALLY LIKE NOT WORKING FOR ANYONE...



I must say, however, IF, the frigging BTC price would be floating sideways at around the say 13k to 15k range...I'd have a LOT

less angst on this whole thing...as I assume others would and sure ...some would be sold....but far less IMHO...vs another 8k dump

So, IMHO with others and with me, I figure that IF BTC dumps to 8k a lot of folks will dump as a hedge on further drops...

and if BTC goes to say 13-15K people will also dump as a hedge ..again, on a further dump, even if less drastic

Right now at this 9k range...everyone is sitting on their hands (like myself) watching the price ...and fidgeting with confusion


so, yeah, you get rid of the job it is great...but then you have to 'live on what you kill" mining or otherwise....tis annoying Sad

So, yeah, got to eat....sigh....



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May 07, 2018, 07:10:41 PM

Well that is it, Bitcoin has failed another inverse head and shoulder breakout for the 2nd time ever since this drop, not unless Bitcoin will soon test the right shoulder we might not have a clear signal when it will go above 10,000$. But clearly the 700$ drop this day is a way to shake out the newbies and the weakhands as BTC hasn't been this looking good to hold for a long time. The bulls must find a way to bring back Bitcoin above 9,400$ to make it easier to go back and re-test the 9,900$ level.
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May 07, 2018, 07:31:05 PM

I’ve been away for five days. I see we have gone from $9100 to $9400 which is nice.  Also about 45 pages to read.
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May 07, 2018, 07:32:48 PM

It is immoral.  I've posted in this thread numerous times before that the basis of human trade is barter, and the further you abstract away from barter, the bigger a scam it is.  Now, humans utilize specialization in labor, so a medium to facilitate trade that reduces friction of barter might be necessary (or maybe not necessary at all, just convenient), so you might need to abstract one step away from barter.  It just so happens that the exchange of physical commodity currency, whether it's wood, grains, physical silver, oil, etc, just so happens to be the closest thing to barter without actually being barter - the lesser of all evils.

If I try and exchange something like grains or silver with you, I'm clearly not trying to swindle you because these items have intrinsic value for humans.  It's virtually the same as me exchanging some bread for one of your cows, just slightly more streamlined and convenient. However, the second I try and initiate a trade with you using an item that has NO INTRINSIC VALUE WHATSOEVER, whether it's US dollars or bitcoins, it would make me party to a scam, even if I did not create the scam myself.

It does not matter if you're able to dump the dollars or bitcoins before they go to zero, rendering our trade amiable in circumstance, you are STILL party to a game of hot potato where you're trying to leave someone else holding the bag on a valueless object somewhere down the line, making YOU a scammer yourself, even if done in a highly obfuscated manner.   A moral person would reject entirely ANY type of system that has no intrinsic value because you're inherently trying to scam people by default.

Even if it is the case that the bitcoin protocol as a whole is a scam it certainly does not follow that individual actors are trying to scam people by trying to barter with something that they personally value and are hoping that others will value as well. Your proposition is absurd.

Of course they're scammers.  Willing or unwittingly makes no difference.  Just because the information on these subjects is hugely asymmetric, stupidity doesn't disqualify them from being scammers.  If you were delusional and make believe Mexicans are alien invaders from Mars instead of illegal aliens and start shooting them, does that disqualify you from being a murderer by stupidity?  No.

Most people are not intelligent enough to figure out that it's 100% impossible to create a decentralized digital currency.  They view the problem from some primitive viewpoint, unable to grasp what problem they're trying to solve in the first place and think, oh, hey, there will probably be some type of shoddy hack right around the corner to fix everything!  That's how I viewed shitcoins for a while, but if you have enough brainpower, to put it simply, you will usually figure out you need some type of focal point for convergence, and that focal point is always going to centralize through something like compound interest, economy of scale, or other means.

If you know the objective truth that it's impossible to create a decentralized digital currency, they're all scams by default.  Just like being delusional is not an excuse for murder, stupidity does not excuse you from being a scammer.
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May 07, 2018, 07:41:52 PM
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Willing or unwittingly makes no difference.
You think it is possible for someone to unwittingly scam someone? So like if I accidentally sell someone a counterfeit good that I had no idea was counterfeit that makes me a scammer?

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