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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25465195 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. (157 posts by 13+ users deleted.)
Jacques_Bittard
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May 24, 2018, 06:34:48 PM

Nice pieces, but aren't their historical value higher then the value of their gold content?

Yes but same principle applies to old gold sovereigns for example that are over a hundred years old but only worth bullion values.


Do you even listen to yourself?  Intrinsic value is based on the needs of society....  
How do you call the needs of a society "intrinsic" to a piece of gold?  
And then you call me confused...

I thought he made that clear - industrial uses.  There are also cultural uses such as wedding rings and other jewellery, dentistry etc.

I'm mostly a fan of simpler metals, like aluminum, steel and titanium. I need to see it formed into something, this calms my mind Smiley
It's a pleasure to talk to you, because you seem to understand the game. Even if our views on some things are different, it doesn't matter, because we are able to express ourselves in a respectful and constructive form.
I'm not proud of it, but I mostly come here to troll. Religious people have always brought out the troll in me, and I haven't found a better way to converse with them yet. From time to time, it's a pleasant surprise to see that you can actually express yourself as an human being and it will be understood.
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Spaceman_Spiff_Original
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May 24, 2018, 06:35:53 PM

Strawman much?
First off, I originally specifically said "Gold's monetary utility is also easily replaceable.", already taking into account that gold has other utility than just the monetary one.
Secondly, I was talking about the concept of intrinsic value in general.
Intrinsic value is based on the important needs of society.

Says who? Intrinsic means an inherent property of the object it's self. So for example a gold bars refraction index is an intrinsic property, it's elemental makeup is an intrinsic property. The atomic weight of it's atoms would remain the same even if there were no one around to observe it because that is an intrinsic property. But value? In order for it's value to be an intrinsic property it would need to have a consistent value even in the absence of people around to place a value upon it.
100% this.
markj113
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May 24, 2018, 06:37:08 PM

I'm mostly a fan of simpler metals, like aluminum, steel and titanium. I need to see it formed into something, this calms my mind Smiley
It's a pleasure to talk to you, because you seem to understand the game. Even if our views on some things are different, it doesn't matter, because we are able to express ourselves in a respectful and constructive form.
I'm not proud of it, but I mostly come here to troll. Religious people have always brought out the troll in me, and I haven't found a better way to converse with them yet. From time to time, it's a pleasant surprise to see that you can actually express yourself as an human being and it will be understood.

Those metals are not great for stacking though as they are not value dense if you hold the physical metal.

Silver is bad enough but you can cram a lot of money in gold form into peli case Wink
Anon136
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May 24, 2018, 06:38:08 PM
Merited by jbreher (1)

I'm mostly a fan of simpler metals, like aluminum, steel and titanium. I need to see it formed into something, this calms my mind Smiley
It's a pleasure to talk to you, because you seem to understand the game. Even if our views on some things are different, it doesn't matter, because we are able to express ourselves in a respectful and constructive form.
I'm not proud of it, but I mostly come here to troll. Religious people have always brought out the troll in me, and I haven't found a better way to converse with them yet. From time to time, it's a pleasant surprise to see that you can actually express yourself as an human being and it will be understood.
Those metals are not great for stacking though as they are not value dense if you hold the physical metal.

Silver is bad enough, you can cram a lot of money in gold into peli case Wink

You know it's a bad day for bitcoin when everyone is like "hey lets talk about precious metals instead". Cheesy
Torque
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May 24, 2018, 06:39:03 PM

We don't need to read the charts to know when to buy the dip because Bittard shows up with diarrhea of the fingers every time!

And markj113 shows up to brag about the gold and lambos that he claims to own but can't prove it.  Roll Eyes

"When trolls on parade, buy the fucking dip."
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May 24, 2018, 06:44:44 PM
Merited by Globb0 (2), jbreher (1), mindrust (1)

We don't need to read the charts to know when to buy the dip because Bittard shows up with diarrhea of the fingers every time!

And markj113 shows up to brag about the gold and lambos that he claims to own but can't prove it.  Roll Eyes

"When trolls on parade, buy the fucking dip."


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May 24, 2018, 06:46:44 PM

Bitcoin feels a bit stuck at the moment, stuck between a rock and a hard place.
Stuck between two opposing forces, kinda like this :



Just let it go already --> https://www.youtube.com/watch?v=moSFlvxnbgk

Edit : oh fuck, i just brought us back to Disney
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May 24, 2018, 06:48:15 PM

Strawman much?
First off, I originally specifically said "Gold's monetary utility is also easily replaceable.", already taking into account that gold has other utility than just the monetary one.
Secondly, I was talking about the concept of intrinsic value in general.
Intrinsic value is based on the important needs of society.

Says who? Intrinsic means an inherent property of the object it's self. So for example a gold bars refraction index is an intrinsic property, it's elemental makeup is an intrinsic property. The atomic weight of it's atoms would remain the same even if there were no one around to observe it because that is an intrinsic property. But value? In order for it's value to be an intrinsic property it would need to have a consistent value even in the absence of people around to place a value upon it.

You say it's important for making electronics. You know there are people out there who do not value electronics right?

I get that you are trying to point out a distinction between more abstract reasons for valuing things vs more concrete lower order production type reasons for valuing things, but intrinsic is just not the right word for that. It just confuses people and everyone starts talking past each other.

Most of bitcoin value is based on peoples hopes of it being more valuable in the future. Greed is a very fragile pillar in my book - it goes as quickly as it comes. Far more fragile then the need of electronics in today's world to stay competitive, or even when comparing it to the tradition of jewelry, then bitcoin greed is still a fragile pillar. And it's kind of ironic to hear from a bitcoin fanatic, that electronics isn't important to everyone Tongue And I already said that there are people who don't value electronics. In PNG there are plenty of people like that, go see how they're doing. The monetary system has one goal, and that is to allow modern economy happen. The economy creates value, the monetary system helps the economy to do so. And the best help comes from the monetary system that is most stable.
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May 24, 2018, 06:48:59 PM

And markj113 shows up to brag about the gold and lambos that he claims to own but can't prove it.  Roll Eyes

"When trolls on parade, buy the fucking dip."



Lol, nice reply  Grin .
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May 24, 2018, 06:50:55 PM
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What no tool vanity plate to go with it? Lol

If you have lambo, good for you. You're now part of the tool club along with Ver and CSW.

I have a paid off house and still millions worth of bitcoin. So tell me why I would be bitter again?
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May 24, 2018, 06:51:14 PM

I'm mostly a fan of simpler metals, like aluminum, steel and titanium. I need to see it formed into something, this calms my mind Smiley
It's a pleasure to talk to you, because you seem to understand the game. Even if our views on some things are different, it doesn't matter, because we are able to express ourselves in a respectful and constructive form.
I'm not proud of it, but I mostly come here to troll. Religious people have always brought out the troll in me, and I haven't found a better way to converse with them yet. From time to time, it's a pleasant surprise to see that you can actually express yourself as an human being and it will be understood.

Those metals are not great for stacking though as they are not value dense if you hold the physical metal.

Silver is bad enough but you can cram a lot of money in gold form into peli case Wink


Yeah, but that is my personal thing that I told before. I get very anxious when I see money sitting still, so I like metals that are meant to be quickly formed into something more valuable Tongue In a way, I invest more into people then metals Smiley
Anon136
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May 24, 2018, 06:54:28 PM

Strawman much?
First off, I originally specifically said "Gold's monetary utility is also easily replaceable.", already taking into account that gold has other utility than just the monetary one.
Secondly, I was talking about the concept of intrinsic value in general.
Intrinsic value is based on the important needs of society.

Says who? Intrinsic means an inherent property of the object it's self. So for example a gold bars refraction index is an intrinsic property, it's elemental makeup is an intrinsic property. The atomic weight of it's atoms would remain the same even if there were no one around to observe it because that is an intrinsic property. But value? In order for it's value to be an intrinsic property it would need to have a consistent value even in the absence of people around to place a value upon it.

You say it's important for making electronics. You know there are people out there who do not value electronics right?

I get that you are trying to point out a distinction between more abstract reasons for valuing things vs more concrete lower order production type reasons for valuing things, but intrinsic is just not the right word for that. It just confuses people and everyone starts talking past each other.

Most of bitcoin value is based on peoples hopes of it being more valuable in the future. Greed is a very fragile pillar in my book - it goes as quickly as it comes. Far more fragile then the need of electronics in today's world to stay competitive, or even when comparing it to the tradition of jewelry, then bitcoin greed is still a fragile pillar. And it's kind of ironic to hear from a bitcoin fanatic, that electronics isn't important to everyone Tongue And I already said that there are people who don't value electronics. In PNG there are plenty of people like that, go see how they're doing. The monetary system has one goal, and that is to allow modern economy happen. The economy creates value, the monetary system helps the economy to do so. And the best help comes from the monetary system that is most stable.

No sure how any of that makes sense as a response to what I said. Huh
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May 24, 2018, 06:57:24 PM

I have also paid off my current house thanks to crypto + gold.

bought the Lambo for cash and have about $600,000 in precious metals ready to buy another house.  

p.s. your the one that called me a liar Wink

These are my big boy gold bars (also have gold coins + silver):


But the point I'm trying to make is, we don't give a shit what you own dude. Only you do. Which is probably why you don't have a friends. Or a girl. But I'm wondering if your ego actually can fit inside your house.

Roger Ver, is this one of your sock puppet accounts? Sure seems like it.
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May 24, 2018, 07:00:44 PM

Strawman much?
First off, I originally specifically said "Gold's monetary utility is also easily replaceable.", already taking into account that gold has other utility than just the monetary one.
Secondly, I was talking about the concept of intrinsic value in general.
Intrinsic value is based on the important needs of society.

Says who? Intrinsic means an inherent property of the object it's self. So for example a gold bars refraction index is an intrinsic property, it's elemental makeup is an intrinsic property. The atomic weight of it's atoms would remain the same even if there were no one around to observe it because that is an intrinsic property. But value? In order for it's value to be an intrinsic property it would need to have a consistent value even in the absence of people around to place a value upon it.

You say it's important for making electronics. You know there are people out there who do not value electronics right?

I get that you are trying to point out a distinction between more abstract reasons for valuing things vs more concrete lower order production type reasons for valuing things, but intrinsic is just not the right word for that. It just confuses people and everyone starts talking past each other.

Most of bitcoin value is based on peoples hopes of it being more valuable in the future. Greed is a very fragile pillar in my book - it goes as quickly as it comes. Far more fragile then the need of electronics in today's world to stay competitive, or even when comparing it to the tradition of jewelry, then bitcoin greed is still a fragile pillar. And it's kind of ironic to hear from a bitcoin fanatic, that electronics isn't important to everyone Tongue And I already said that there are people who don't value electronics. In PNG there are plenty of people like that, go see how they're doing. The monetary system has one goal, and that is to allow modern economy happen. The economy creates value, the monetary system helps the economy to do so. And the best help comes from the monetary system that is most stable.

No sure how any of that makes sense as a response to what I said. Huh

I think that this conversation stopped making sense after the attempt to make intrinsic value a vague concept in this context. It's like trying to end an argument by saying "it doesn't matter anyway, everything is relative". Could we just agree, that we aren't stimulating each other enough to keep this conversation going?
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May 24, 2018, 07:01:07 PM
Last edit: May 24, 2018, 07:14:48 PM by markj113

But the point I'm trying to make is, we don't give a shit what you own dude. Only you do. Which is probably why you don't have a friends. Or a girl. But I'm wondering if your ego actually can fit inside your house.

Roger Ver, is this one of your sock puppet accounts? Sure seems like it.

Married with a beautiful daughter thanks so all good.

Dont worry, still got plenty of love left your mamma  Tongue

Edit:

Just messing about - will now stop being a dick
 Grin
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May 24, 2018, 07:05:50 PM

Oh my, the bears are letting go  Shocked

Must have been thanks to that song  Roll Eyes

Edit : damn, they sure are letting go reluctantly
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May 24, 2018, 07:26:52 PM

Oh my, the bears are letting go  Shocked

Must have been thanks to that song  Roll Eyes

Edit : damn, they sure are letting go reluctantly
Definitely gaining ground that $7550 line that got dug out seemed like a hell of a positive sign and then the testing of $7600. I'm getting a little less nervous about this day.
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May 24, 2018, 07:28:06 PM

But the point I'm trying to make is, we don't give a shit what you own dude. Only you do. Which is probably why you don't have a friends. Or a girl. But I'm wondering if your ego actually can fit inside your house.

Roger Ver, is this one of your sock puppet accounts? Sure seems like it.

Married with a beautiful daughter thanks so all good.

Dont worry, still got plenty of love left your mamma  Tongue

Edit:

Just messing about - will now stop being a dick
 Grin

I find it difficult to keep a calm mind here, without often being a dick. I have an unresolved issue with religion, and that constantly creates the need to entertain oneself in a dickish fashion. I consider it healthy..
Anon136
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May 24, 2018, 07:31:56 PM

Could we just agree, that we aren't stimulating each other enough to keep this conversation going?

I actually mostly agree with most of your points. I just wanted to help you improve your argument by convincing you to abandon vague and confusing language. But it's w/e. Sure we can stop here.
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May 24, 2018, 07:38:31 PM




What no tool vanity plate to go with it? Lol

If you have lambo, good for you. You're now part of the tool club along with Ver and CSW.

I have a paid off house and still millions worth of bitcoin. So tell me why I would be bitter again?


Yeah, it's kind of funny when some guy shows up bragging about his lambo and gold bars, when over half the people in this thread probably have a higher net worth.
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