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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390982 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. (174 posts by 3 users with 9 merit deleted.)
vroom
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June 20, 2018, 12:51:10 PM
Last edit: June 20, 2018, 01:15:27 PM by vroom

More Bcash double spendings  Shocked

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

BCASH DOUBLE SPENDING IS FAKE NEWS AND EVIL SMALL BLOCKER PROPAGANDA! edit: *insert raging rogerver image*
infofront (OP)
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June 20, 2018, 01:19:29 PM


Would love to hear about some of these cheap, large hard drive VPSs out there though if someone wants to share.

https://www.serverhub.com/vps/ssd-cached
Last of the V8s
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Be a bank


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June 20, 2018, 01:20:21 PM

$6666 is the new $666 I guess.
Fine by me.

wayna
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June 20, 2018, 01:23:10 PM

No, Bitcoin Won't Use Up All The World's Energy

Quote
Bitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure.

Quote
Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good.

https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/
Interesting point here.

I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff?

Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad.

It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system.

I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one.

Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology.
Phil_S
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June 20, 2018, 01:27:44 PM

Well well well... what do we have here?

Just finalizing reverse Bart, or maybe we're go higher?
Raja_MBZ
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June 20, 2018, 01:35:17 PM
Last edit: June 20, 2018, 02:45:23 PM by Raja_MBZ

Tether Review Claims Crypto Asset Fully Backed – But There's a Catch

https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch/

EDIT: Don't forget to read carefully before you proceed!

"it was only one day's balances. "FSS has not performed any procedures or made any conclusions for activity prior to or subsequent to June 1st, 2018, Close of Business," the firm says in its report."
cAPSLOCK
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June 20, 2018, 01:38:47 PM

but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC.

Well, if that BTC-denominated digital music distributor is still in business, you can still by a copy of my CD for 1.2 BTC. I'd even accept 1.2 Segwit coins for a copy.

Smiley

Aren't you undermining your own argument when you are seeming to give the EXACT same value to legacy BTC and segwit tainted coins?  Would you like to specify (or correct yourself) further here, jbear?

Nope. If you want to negotiate with me, I'd be willing to send you a CD of my (charting) album for less than 1 BTC - as long as that BTC isn't tainted by Segwit in its past.

That's better than 17% discount! Such a deal for you!

Could I pirate it for free?

Why wouldn't you pay for "The Soundtrack to Your Livestm"? He's even gonna let you get rid of some of your Segwit coin.
Speculatoross
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this is not a bounty avatar


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June 20, 2018, 01:45:39 PM

No, Bitcoin Won't Use Up All The World's Energy

Quote
Bitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure.

Quote
Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good.

https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/
Interesting point here.

I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff?

Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad.

It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system.

I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one.

Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology.

Has anyone already posted this?
https://drive.google.com/file/d/1TIma781rLFjr-dqeJmL2KN06OpoRkSsj/view

It's 2014 research so some numbers should be adjusted, but still

ps it's also the source of this image that is going around lately on social networks and stuff
pablomp
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June 20, 2018, 02:02:45 PM
Merited by mindrust (1), infofront (1)

Bitcoin started a divergence with its fair value in March. It is currently listed as having a Price to Earnings equivalent of 6.78.

drwhobox
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- hello doctor who box


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June 20, 2018, 02:24:20 PM

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic)  Cheesy Wink

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.
We are really in the bottom indeed! i like what's on the inner side loool  XD. really looking forward to see Bitcoin back again at it's 10k mark atleast.
infofront (OP)
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June 20, 2018, 02:26:12 PM

Bitcoin started a divergence with its fair value in March. It is currently listed as having a Price to Earnings equivalent of 6.78.



How is the fair value calculated?
wayna
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June 20, 2018, 02:39:36 PM

No, Bitcoin Won't Use Up All The World's Energy

Quote
Bitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure.

Quote
Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good.

https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/
Interesting point here.

I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff?

Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad.

It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system.

I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one.

Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology.

Has anyone already posted this?
https://drive.google.com/file/d/1TIma781rLFjr-dqeJmL2KN06OpoRkSsj/view

It's 2014 research so some numbers should be adjusted, but still

ps it's also the source of this image that is going around lately on social networks and stuff

Thank you for posting this resource. I will check it out.

One day I read an article about a pro-environment guy (I have nothing against this) claiming the Bitcoin infrastructure would have been eager of energy, a total waste of resources.

Totally wrong or at least unfair considering environmental issues existed even before cryptos and everything nowadays runs on the Internet infrastructure.

realr0ach
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June 20, 2018, 02:41:31 PM

Bitcoin


Starting from mined precious metals

Metals to produce valuable technology

Technology to utilize energy and peer to peer networks

Networks layered with mathematics to decentralize and share information

Information across vast distances and industry

Bringing real currency - Bitcoin, to the world


Keep your dollar

That was the worst attempt at pumping shitcoins I've ever seen.  You probably made the price go down typing that.
pablomp
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June 20, 2018, 02:42:43 PM

Bitcoin started a divergence with its fair value in March. It is currently listed as having a Price to Earnings equivalent of 6.78.



How is the fair value calculated?

https://www.coinfairvalue.com/

There is a learning section in the website: https://www.coinfairvalue.com/reference/
wayna
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June 20, 2018, 02:45:06 PM

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic)  Cheesy Wink

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.
We are really in the bottom indeed! i like what's on the inner side loool  XD. really looking forward to see Bitcoin back again at it's 10k mark atleast.
That's interesting... I mean not only the image Tongue

How would you say that we have already reached the bottom?
bitserve
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June 20, 2018, 02:51:44 PM

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic)  Cheesy Wink

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.
We are really in the bottom indeed! i like what's on the inner side loool  XD. really looking forward to see Bitcoin back again at it's 10k mark atleast.
That's interesting... I mean not only the image Tongue

How would you say that we have already reached the bottom?

Just look at the picture. No, really, after staring at it for a while, you will understand we have surely found THE bottom.
realr0ach
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June 20, 2018, 02:59:31 PM


You're claiming an imaginary, valueless token has a fair market value?  And you're not only claiming that for bitcoin, but all 7000 altcoins ever created on that page, pretty much all of which will likely go to $0 followed by bitcoin itself? You might want to re-examine your methodology.  How could something that doesn't even exist except in people's imaginations be considered to have a "fair market value"?  

The fair market value of anything based on artificial scarcity is obviously zero.  Bitcoin is a withered husk of sunk cost fallacy.  The tokens don't actually have some sort of intrinsic worth.  The PE ratio is supposed to be for an actual business.  A business is supposed to turn a profit for it's owners, but bitcoin's self adjusted mining is designed to trend towards break even in the aggregate.  You're not a shareholder by holding one of the coins either because it doesn't grant you power over anything.  It's like buying a coupon to a roller coaster that may or may not exist tomorrow.

The words "PE Ratio" and "fair market value" do not apply to bitcoin at all.
pablomp
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June 20, 2018, 03:05:49 PM


You're claiming an imaginary, valueless token has a fair market value?  And you're not only claiming that for bitcoin, but all 7000 altcoins ever created on that page, pretty much all of which will likely go to $0 followed by bitcoin itself? You might want to re-examine your methodology.  How could something that doesn't even exist except in people's imaginations be considered to have a "fair market value"?  

The fair market value of anything based on artificial scarcity is obviously zero.  Bitcoin is a withered husk of sunk cost fallacy.  The tokens don't actually have some sort of intrinsic worth.  The PE ratio is supposed to be for an actual business.  A business is supposed to turn a profit for it's owners, but bitcoin's self adjusted mining is designed to trend towards break even in the aggregate.  You're not a shareholder by holding one of the coins either because it doesn't grant you power over anything.  It's like buying a coupon to a roller coaster that may or may not exist tomorrow.

The words "PE Ratio" and "fair market value" do not apply to bitcoin at all.


Obviously you need to improve your financial education regarding the theory of currencies. I'd recommend some books, but it may be easier to start here: https://www.coinfairvalue.com/reference/ Good luck Wink
d_eddie
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June 20, 2018, 03:09:29 PM
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Don't feed the trolls, please.

To be honest, most of us have been there, done that, but when a relative newcomer starts quoting roach, we still feel a word of warning might help.
Hueristic
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June 20, 2018, 03:19:24 PM


Obviously you need to improve your financial education regarding the theory of currencies. I'd recommend some books, but it may be easier to start here: https://www.coinfairvalue.com/reference/ Good luck Wink

Unfortunately in this world now the only thing that counts is Perceived value. Tongue
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