Bitcoin Forum
December 02, 2021, 04:02:05 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
Total Voters: 116

Pages: « 1 ... 21790 21791 21792 21793 21794 21795 21796 21797 21798 21799 21800 21801 21802 21803 21804 21805 21806 21807 21808 21809 21810 21811 21812 21813 21814 21815 21816 21817 21818 21819 21820 21821 21822 21823 21824 21825 21826 21827 21828 21829 21830 21831 21832 21833 21834 21835 21836 21837 21838 21839 [21840] 21841 21842 21843 21844 21845 21846 21847 21848 21849 21850 21851 21852 21853 21854 21855 21856 21857 21858 21859 21860 21861 21862 21863 21864 21865 21866 21867 21868 21869 21870 21871 21872 21873 21874 21875 21876 21877 21878 21879 21880 21881 21882 21883 21884 21885 21886 21887 21888 21889 21890 ... 29926 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25493034 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. (158 posts by 14 users with 9 merit deleted.)
samson
Legendary
*
Offline Offline

Activity: 2090
Merit: 1062


View Profile
December 05, 2018, 10:06:58 PM


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...
1638417725
Hero Member
*
Offline Offline

Posts: 1638417725

View Profile Personal Message (Offline)

Ignore
1638417725
Reply with quote  #2

1638417725
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jojo69
Legendary
*
Online Online

Activity: 2296
Merit: 2997


1/21000000 , the only math you need to know


View Profile
December 05, 2018, 10:07:46 PM


"web 3.0"
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 10:10:33 PM




No capitulation until Consensys broken up and coffee cart sold for parts
Torque
Legendary
*
Offline Offline

Activity: 2702
Merit: 2849



View Profile
December 05, 2018, 10:13:20 PM


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

 Roll Eyes Roll Eyes   Grin
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
December 05, 2018, 10:15:28 PM

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4390


Be a bank


View Profile
December 05, 2018, 10:18:12 PM

You people are so mean. Shocked


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...
Sssssssssh, don't tell 'em about ravencoin, (Pike).
No it has caught the imagination of some fairly bitcoiny people because of fair launch and mining algo (possibly some other thing positive i can't recall), but I bet 'maximalists' are saying 'we can just add tokens if they're really needed'.
kingcolex
Legendary
*
Offline Offline

Activity: 2366
Merit: 1258



View Profile
December 05, 2018, 10:23:15 PM


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

 Roll Eyes Roll Eyes   Grin
Eh I think Eth has a use and will pull out on second.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
December 05, 2018, 10:23:22 PM

I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.


That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.

I wouldn't consider throwing 20-50m in a non-profitable hobby unless I have at least 10 times the amount so.... maybe a couple thousands of BTC (@$100K) to be comfortable with that "frivolous" spending.

Of course that would be amongst the most prudent of approaches, but of course levels of prudence is going to vary, and I think that was the reason that I gave a ballpark figure of 600BTC, because in the 600BTC scenario, there still is a $10million cushion, but we know how BTC acts, sometimes, so I understand that a $10million cushion could turn into a $1million cushion, which could become a bit stressfull for normal peeps.. so of course having a bit more cushion would be preferable to lessen both possible psychological issues and fiscal issues.
Globb0
Legendary
*
Offline Offline

Activity: 2660
Merit: 2029


Free spirit


View Profile
December 05, 2018, 10:25:28 PM



You can buy a THC type syrup


Is that a get you high thing? is it cheaper or more expensive than green ?
gentlemand
Legendary
*
Offline Offline

Activity: 2576
Merit: 2968


Welt Am Draht


View Profile
December 05, 2018, 10:27:48 PM
Merited by JayJuanGee (1)

Eh I think Eth has a use and will pull out on second.

I think it's guaranteed to be superseded. It's a prototype and will remain so. Someone will come up with something that does everything it claims to do and much more and it'll simply... work.

There won't be weird languages to learn, holes in the contracts, nodes that are major undertaking to sync and a chain that keeps bloating.

It's not here yet, but it will be. However it's going to require multiple actual uses for the idea of 'blockchain' for something with improved functionality to get traction and expose ETH as wheezing poo.

At the same time I don't think it's going to stop the zombies trading ETH for a long arse time yet. No one is yet to care about actual uses for things like this. If Ripple can be older than BTC and still have achieved precisely fuck all and still be worth what it is, we have a long way to go before sense reigns.
empowering
Legendary
*
Offline Offline

Activity: 966
Merit: 1044



View Profile
December 05, 2018, 10:29:14 PM

Cruel games...

A tease...

Don't tease the doooooooooooooooooooom


jojo69
Legendary
*
Online Online

Activity: 2296
Merit: 2997


1/21000000 , the only math you need to know


View Profile
December 05, 2018, 10:30:44 PM

easy now

save something for Thursday
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 10:31:14 PM

I don’t know about you but it’s defintely Thursday here. 
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
December 05, 2018, 10:32:57 PM

@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

Quote
SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.
I think my peepee just shrank a little.



There seems to be a decent point in all of this, which is who gives a shit about an ETF?

Of course, an ETF is going to bring greater financialization to BTC and likely overall be bullish on bitcoin's short term future and likely long term future, too... but it is no where near to necessary for bitcoin to remain a very good investment with strong fundamentals.

HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 10:33:45 PM

My international wire with Bitstamp cleared in 2.5 business days.

5 stars would deposit again.
El duderino_
Legendary
*
Offline Offline

Activity: 1624
Merit: 7258


Observing No-Coiners.


View Profile
December 05, 2018, 10:34:46 PM

easy now

save something for Thursday

Thought thursday was STFU ..... Roll Eyes
kingcolex
Legendary
*
Offline Offline

Activity: 2366
Merit: 1258



View Profile
December 05, 2018, 10:37:21 PM
Merited by vapourminer (1), Torque (1), El duderino_ (1), BobLawblaw (1), nanobtc (1)

Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? Wink weeee
Super new but I think I have caught on:

R0ach works at the Jewish cultural center and Holocaust museum.

JJG is a man who keeps it short and sweet and believes altcoins are the future.

Bob runs a homosexual alcoholics conversion camp that turns people staright and sober.

Micgoosen is from Kentucky and drinks strictly Bud light and works as a tattoo removal specialist.

Jhbear has literally been in a fist fight with Roger Ver and Craig over their radical fork and only sends coins to Segwit addresses.

Last of the V8s runs a communist and socialist newspaper for his young Marxist group.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2828
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
December 05, 2018, 10:38:30 PM


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

 Roll Eyes Roll Eyes   Grin

Huh?  Isn't facilitating abilities to launch scam coins a use case?  Fuck....

We have seen billions of dollars raised through that scam coin, ETH enabled (facilitated), so even though I am no fan of ETH and its bullshit, there seems to be a use case, no?
kingcolex
Legendary
*
Offline Offline

Activity: 2366
Merit: 1258



View Profile
December 05, 2018, 10:40:48 PM
Merited by BobLawblaw (1)

Holy fuck I just spent $30 at Arby's I can't this shit with Bitcoin where it's at, all my extra cash is to buy while it's low.
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
December 05, 2018, 10:40:53 PM
Last edit: December 05, 2018, 10:53:25 PM by BTCMILLIONAIRE

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
Your Math is actually more than sensible on this one, given the assumption that $100k is the target.

Keep in mind that people could be satisfied with a relatively frugal lifestyle (not living in an insanely huge mansion, while still having cash for all the high-end nerd toys one would want; the most outrageous TVs are barely 10k, desktop computers at best half etc.). Not everyone needs lambos, yachts, planes or whatever the fuck rich people tend to get.

Developing a game that shits on the crappy triple A titles takes a very long time as well. And the full sum isn't going to be spent in one go, but over half a decade as a lower end estimate. That gives some wiggle room. There are also ways to be more economical about this if you're not in a rush to release a title to generate revenue. You can start small, lay a very strong foundation, then scale up with the years as necessary.


What I'm saying is, is that while the 600 BTC number is a very good guess (as the 10m difference to the higher end estimate is enough to live lavishly for the rest of one's life) it can be both significantly lower or higher.

AI is developing at a crazy speed as well with one crucial example being the ability of taking low resolution images and having an AI upscale it to high-resolution given enough training data (textures are one of the biggest cost factors in this industry). There also has been an AI that turned video material into a functioning game engine. Basically, the 20-50m estimate that is true for today's titles might very well be cut down to a fraction before Bitcoin hits 100k or whatever price.

I may be well off, but I'm sure others have much more than me. I certainly can't move the BTC/USD market, so I'm lightyears away from being a whale.


Edit: Also. Since I'd be the one funding it there would be no CEO twat sponging up all the money, which would probably cut out a dozen millions or so lmao.
Pages: « 1 ... 21790 21791 21792 21793 21794 21795 21796 21797 21798 21799 21800 21801 21802 21803 21804 21805 21806 21807 21808 21809 21810 21811 21812 21813 21814 21815 21816 21817 21818 21819 21820 21821 21822 21823 21824 21825 21826 21827 21828 21829 21830 21831 21832 21833 21834 21835 21836 21837 21838 21839 [21840] 21841 21842 21843 21844 21845 21846 21847 21848 21849 21850 21851 21852 21853 21854 21855 21856 21857 21858 21859 21860 21861 21862 21863 21864 21865 21866 21867 21868 21869 21870 21871 21872 21873 21874 21875 21876 21877 21878 21879 21880 21881 21882 21883 21884 21885 21886 21887 21888 21889 21890 ... 29926 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!