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Question: 9/19 Closing Price:
0 - 1 (1.7%)
<$10,000 - 3 (5%)
$10,000-$10,500 - 1 (1.7%)
$10,501-$11,000 - 11 (18.3%)
$11,001-$11,500 - 19 (31.7%)
$11,501-$12,000 - 8 (13.3%)
$12,001-$12,500 - 7 (11.7%)
$12,501-$13,000 - 2 (3.3%)
>$13,000 - 3 (5%)
>$20,000 - 5 (8.3%)
Total Voters: 60

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22377848 times)
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BTCMILLIONAIRE
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December 03, 2018, 07:49:36 PM

These Bitcorn prices aren't making any sense.

I'm starting to get the fear.

Fuck.

Not good.

Not good at all.
No need to get worried until <2k. So far we're just repeating the same old same old.
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December 03, 2018, 07:51:04 PM

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Address: 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX

Seems like an old hodler moving his bitcorns.
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December 03, 2018, 07:51:12 PM

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

What is your timeline on paying back the loan?   

So your wager would be that bitcoin is going to perform better than your loan for the term of the loan or at least not perform so bad that you are not able to pay back the loan at the end of the term.


It does not sound like a great idea, but if you are buying BTC now (with the proceeds of a loan), then it seems better than buying at higher prices - even $6k or $10k or $17k... But still risky.
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December 03, 2018, 07:58:01 PM

Banks in general have always made the most of their profit by interest on lending. Before the crisis, they started giving mortgages to everyone and their mother without any due diligence.... then the defaults came so instead of profit for every mortgage they got loses. Now they are way more careful on lending money, which basically means they are not "selling" their main product. The future looks dark for them.

I remember the time (before the nineties) when if someone wanted a home he had to pay upfront a good amount to the builder, and then go on paying monthly way before the house was even finished building. No mortages bullshit. Banks were not such a big deal. HOusing prices were low as shit.

All the fucking problem of the last decades has been because of lending money to the plebs. That made them think they were "rich" when they weren't. And banks "banked" like bandits on that stupid feeling.

If you borrow money because you don't have it, then you will always stay poor. Only borrow money when you are leveraging for a biggest (safe) return. If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.
When I was a student I invested large parts of my student loan, but my professional path has been more or less laid out thanks to long planning (knew before 18 that I wanted to be able to retire around 30-40) so I knew in what proportion I could put loans at stake without destroying myself in any worst case scenario. I made sure to have exceptional grades in a highly sought after field though, so the probability of me failing along the way were virtually negligible and the cost of default was zero (e.g. no job = exemption from repaying the loan without any downsides on my part). In that situation not taking the risk and potentially fixing an error of judgement down the path would've been irrational.

I've seen other plebs do the same (with non-student loans) from a much worse starting position implode though, so you're certainly right. Most people don't know how to manage risk and just go a path of blind faith and there are tons of predatory types just waiting to prey on them.

Either way, the banks are just filling a niche. The real problem are all the idiots who are waiting for the stars to magically align instead of taking their life into their own hands. And the absolute worst are the very same idiots who channel their energy into nagging governments to bend them backwards by legalizing a billion fucking pronouns for idiots who can't just be honest and say that they either always or sometimes prefer dick. Like a bunch of toddlers telling on their siblings instead of learning how not to be a helpless retard.


I did a similar thing regarding investing some of my student loans.

In fact, I have made such attempts all of my life, since graduating from highschool and not having much of a salary.  I pretty much took at least 10% of my post highschool income and I made investments with it.  Some of them were not the best of investments (especially because my inclination has always been relatively low rish because i wanted to have a certain confidence that my return was going to be greater than my borrowing costs), but the practice has always been kinds of dollar cost averaging attempts.

I did not go to college right after high school, but instead started college several years after finishing high school, but I considered the student loan money to be interest free ability to attempt to get returns on "free money" and to build up my nest egg of investment money.. continuing little by little.. and really taking a large number of years to accomplish such building up of decent amounts.
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December 03, 2018, 08:04:54 PM

you've got a horizon beyond which there's undiscovered possibilities. Rinse and repeat by replacing Physics with literally anything else. And a 4th one for good measure: Crypto. Still shaping up. Or did your 8ball tell you what is going to happen to the tee?

Hence, you're a Roach level troll who starts shit

The only trolls are people who claim it's possible to create a decentralized digital currency when it's not.  If it actually was possible, one of you scamming, lying faggots would be able to explain:

1)  How you prevent transaction validators from centralizing, but you can't.

2)  Just how many transaction validators you need to be "decentralized" or have anything remotely resembling a Nash Equilibrium.

3)  Does arbitrarily setting transaction validators to a fixed number, Dan Larimer style, do anything to help this problem?  Why?  Why not?

4)  Explain why r0ach is right or wrong when he says the only possible way to create a decentralized digital currency is using unprofitable PoW where everyone processes their own transactions like email PoW or IOTA-like systems, but said systems require artificial convergence and are thus unworkable and you're back to square one of decentralized digital currency being impossible.

Once you've figured out creating an actual decentralized digital currency is impossible, the only path from there is looking at Dan Larimer, DPOS-like systems and deciding if they're better than nothing.  Then decide if Larimer-like systems are useful at all compared to physical metals, and the answer is going to be a resounding no from any type of logical mind judging fundamentals.
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December 03, 2018, 08:05:01 PM


Well, I'll admit I don't know much about Google Trends. But it certainly looks like my claim is indeed correct. Remove superfluous qualifier from the query string:

https://trends.google.com/trends/explore?q=Bitcoin%20SV

...and the value is 100.

More germane - even if it were 29, you are still making my point for me.

The value is 100, meaning it has not been more searched for in the past than it has during its history. It is not a 100 comparing it to "bitcoin" or another keyword.

Comparing it to the word "hat", it does not fare well; hat=87 and Bitcoin SV=1







The coindesk article was suggesting that since the searches for the term "bitcoin' had been going up recently that it was a bullish signal, yet it seems that they also may have a poor understanding of google trends.
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December 03, 2018, 08:08:18 PM

Banks in general have always made the most of their profit by interest on lending. Before the crisis, they started giving mortgages to everyone and their mother without any due diligence.... then the defaults came so instead of profit for every mortgage they got loses. Now they are way more careful on lending money, which basically means they are not "selling" their main product. The future looks dark for them.

I remember the time (before the nineties) when if someone wanted a home he had to pay upfront a good amount to the builder, and then go on paying monthly way before the house was even finished building. No mortages bullshit. Banks were not such a big deal. HOusing prices were low as shit.

All the fucking problem of the last decades has been because of lending money to the plebs. That made them think they were "rich" when they weren't. And banks "banked" like bandits on that stupid feeling.

If you borrow money because you don't have it, then you will always stay poor. Only borrow money when you are leveraging for a biggest (safe) return. If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.
When I was a student I invested large parts of my student loan, but my professional path has been more or less laid out thanks to long planning (knew before 18 that I wanted to be able to retire around 30-40) so I knew in what proportion I could put loans at stake without destroying myself in any worst case scenario. I made sure to have exceptional grades in a highly sought after field though, so the probability of me failing along the way were virtually negligible and the cost of default was zero (e.g. no job = exemption from repaying the loan without any downsides on my part). In that situation not taking the risk and potentially fixing an error of judgement down the path would've been irrational.

I've seen other plebs do the same (with non-student loans) from a much worse starting position implode though, so you're certainly right. Most people don't know how to manage risk and just go a path of blind faith and there are tons of predatory types just waiting to prey on them.

Either way, the banks are just filling a niche. The real problem are all the idiots who are waiting for the stars to magically align instead of taking their life into their own hands. And the absolute worst are the very same idiots who channel their energy into nagging governments to bend them backwards by legalizing a billion fucking pronouns for idiots who can't just be honest and say that they either always or sometimes prefer dick. Like a bunch of toddlers telling on their siblings instead of learning how not to be a helpless retard.


I did a similar thing regarding investing some of my student loans.

In fact, I have made such attempts all of my life, since graduating from highschool and not having much of a salary.  I pretty much took at least 10% of my post highschool income and I made investments with it.  Some of them were not the best of investments (especially because my inclination has always been relatively low rish because i wanted to have a certain confidence that my return was going to be greater than my borrowing costs), but the practice has always been kinds of dollar cost averaging attempts.

I did not go to college right after high school, but instead started college several years after finishing high school, but I considered the student loan money to be interest free ability to attempt to get returns on "free money" and to build up my nest egg of investment money.. continuing little by little.. and really taking a large number of years to accomplish such building up of decent amounts.
Yeah it makes a lot of sense depending on the rules of the student loans available. The biggest plus for me wasn't the low interest rate, but the fact that there's no issue with defaulting. Hence, I didn't have to worry if I didn't find a job right away or decided to change paths.
I'm actually surprised that investing parts of student loans (where plausible) isn't the norm. You're usually going to spend the money anyways, if not on investments then on booze or whatever floats your boat.

Not sure how sensible that would be in the US, as I've seen some outrageous interest rates and conditions over there. But given the amount of states and their own individual fuckery there could well be some reasonable student loans that basically beg for arbitrage.
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December 03, 2018, 08:09:59 PM

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

What is your timeline on paying back the loan?   

So your wager would be that bitcoin is going to perform better than your loan for the term of the loan or at least not perform so bad that you are not able to pay back the loan at the end of the term.


It does not sound like a great idea, but if you are buying BTC now (with the proceeds of a loan), then it seems better than buying at higher prices - even $6k or $10k or $17k... But still risky.
I wouldn't take up any type of private loan if I didn't know that I could pay it off even if I burnt through the whole amount. With government backed loans I couldn't care much less if I fucked up since nobody would get harmed by my actions.
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December 03, 2018, 08:10:07 PM
Merited by Paashaas (1)

Data/information is only as good as its source. Highest level being 15, not bullish. Edit: Bitcoin Cash has a "16". 

Bitcoin SV? 100.

#justsayin'

Actually only 86 currently...was 100 2 weeks ago.

No. The term is not bitcoin+cash+sv, it is bitcoin+sv. And it is trending currently at 100.

Even if it were 86, you are still making my point for me.

In this thread, we already know that part of the motivation of the bcash forks has been to attempting to put bitcoin back into their name(s), but I doubt that anyone here is going to give bcash such satisfaction, and recommendations from a bcash shill, like yourself, is not going to divert us into such phoney baloney trickery of calling either of the bcash forks as some form of bitcoin.

Get it into your bcash shilling head, the bcash forks are still going to be referred to as bcash.. because they are not bitcoin.. forking from bcash does not cause them to be bitcoin, but instead causes them to be variations of bcash... so we have bcash abc and bcash sv.... Seem pretty apparent for anyone who is not caught up in the myth that bcash has value.    Roll Eyes Roll Eyes   Tongue
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December 03, 2018, 08:14:19 PM

Data/information is only as good as its source. Highest level being 15, not bullish. Edit: Bitcoin Cash has a "16". 

Bitcoin SV? 100.

#justsayin'

Actually only 86 currently...was 100 2 weeks ago.

No. The term is not bitcoin+cash+sv, it is bitcoin+sv. And it is trending currently at 100.

Even if it were 86, you are still making my point for me.

In this thread, we already know that part of the motivation of the bcash forks has been to attempting to put bitcoin back into their name(s), but I doubt that anyone here is going to give bcash such satisfaction, and recommendations from a bcash shill, like yourself, is not going to divert us into such phoney baloney trickery of calling either of the bcash forks as some form of bitcoin.

Get it into your bcash shilling head, the bcash forks are still going to be referred to as bcash.. because they are not bitcoin.. forking from bcash does not cause them to be bitcoin, but instead causes them to be variations of bcash... so we have bcash abc and bcash sv.... Seem pretty apparent for anyone who is not caught up in the myth that bcash has value.    Roll Eyes Roll Eyes   Tongue
But omg Bitcoin has to do teh growing upz (and be regulated to death) -Coingeek clowns 11/2018
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December 03, 2018, 08:15:24 PM

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Address: 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX

Seems like an old hodler moving his bitcorns.
Well that is unsettling.
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December 03, 2018, 08:15:56 PM

[edited out]

I have a new name for Bcash... Its Bitcoin Crash  Cheesy

And its younger brother, Bitcoin Crash SV (Silly Version)

You are giving too much benefit of the doubt to bcash, nutildah. 

Even if you attach the "crash" descriptor, no one is going to call them any version of bitcoin.. except, I suppose, if you are attempting to call them in a descriptive way, such as "bitcoin attack vector abc" and "bitcoin attack vector sv."  I just don't believe that the "crash" descriptor is strong enough and perhaps not even accurate enough because you can get a bunch of dumbass rich peeps to throw their money away to cause the "crash" descriptor to become untrue, at least on a short-term basis that could last for years.
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December 03, 2018, 08:15:57 PM
Merited by BobLawblaw (1)

These Bitcorn prices aren't making any sense.

I'm starting to get the fear.

Fuck.

Not good.

Not good at all.

If you are getting the fear, then you already know what to do, if you don't....watch the video.

https://www.youtube.com/watch?v=B5-IpSYbeiQ
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December 03, 2018, 08:16:08 PM

R.I.P ETC  Kiss

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December 03, 2018, 08:16:37 PM

Quote

Address: 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX

Seems like an old hodler moving his bitcorns.
Well that is unsettling.

Probably retrieving their fork coins.
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December 03, 2018, 08:18:46 PM

R.I.P ETC  Kiss


Well Well Well that fork lasted quite longer than I figured it would.
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December 03, 2018, 08:21:30 PM

R.I.P ETC  Kiss



Fuck!
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December 03, 2018, 08:22:24 PM

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

Well, as I said it depends on what you do what that borrowed money. If you use it for getting a better bigger house for living in it, instead as an investment to get a rent. If you use it to buy a better car, to buy better clothes, or to basically have more "free" money to spend on whatever you think makes you feel better as many people did, then that's where the problem comes.

People borrowed money and started to spend it like they had already earned it.... That's what basically happened.

If you are able to get someone to lend you 4M at almost no interest, and are also able to invest it wisely and safely without upping your lifestyle until you can really do it with YOUR OWN money, then it is ok. Anyways, I would consider that to be way overleveraged... but to each their own.

But that's not what most of the people that later couldn't afford to make the repayments did.

To me, the distinction is 'investment" versus "consumption", and there is a considerable amount of less prudence to borrow to consume rather than to invest, and surely there are gradients, too.

Some folks might never be able to get out of poverty if they were not able to borrow to invest, and that seems to be one of the BIG problems with traditional banking institutions that fail/refuse to give adequate access to certain classes of people (especially the poor) which makes it a whole hell-of-a lot more difficult for some certain people to rise out of poverty.
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December 03, 2018, 08:22:25 PM
Merited by PoolMinor (1)

R.I.P ETC  Kiss


Well Well Well that fork lasted quite longer than I figured it would.

Not a fork, that is the actual immutable ETH scamcion chain.

ETH is the fork.
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December 03, 2018, 08:22:44 PM

These Bitcorn prices aren't making any sense.

I'm starting to get the fear.

Fuck.

Not good.

Not good at all.

whip up one of your special loads Bob, you'll feel better
BoB this kind of mondays beer from what hour till what hour and how many?
My GF just Made me Some cheap Ass extra spicy pad Thai ( extreem spicy) i can use Some of that right now, cause during DIPS/beartimes as these..... my stumage is as stuck as hell.... need to flush everything out cause i’m hodling way more than i wish for right now.....
PUMP now ! Roll Eyes
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