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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497136 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.)
Biodom
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February 01, 2019, 04:53:49 AM
Last edit: February 01, 2019, 05:08:06 AM by Biodom

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.

Why don't you mine some? It's fun to learn and all you need is a GPU card or two plus the rest of PC (CPU, memory, SSD, motherboard, powersupply).
I am not sure that price would be very low as VCs are mining it (invested at least $100mil).
Mining is much less risky than buying outright.

Sorry, plucking my favorite parts of your post...

I also think that bitcoin being a store of value and grin being spendable (inflationary, but less and less in %% going forward) could be a good combo like checking (grin) and savings/investment (bitcoin) accounts.
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JayJuanGee
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February 01, 2019, 05:02:05 AM

^ There is one way: Economic efficiency. I mean, doing all the same with a lower cost thanks to better management and cost control, plus getting rid of any or most useless spending.

... But I don't know any country that has been successful at doing that (in fact none have even TRIED). It's just another utopian dream.

Probably we are diverting a bit off topic, but some kinds of government spending has more of a rippling effect in the economy than other.

There seems to be more of a tendency with republicans including trump to believe in a kind of government spending that gives to peeps who are already rich - old school trickle down economics.  Studies tend to show that when you give money to a small number of rich people, it has much less of a rippling effect than giving it to poor peeps who way more likely to spend it.

To keep a potentially long story on the short side, I doubt that Trump has any kind of ability (beyond rhetoric) to actually carry out a kind of more efficient government spending that ripples in the economy beyond a few of his rich and corrupt butt buddies.    Cheesy Cheesy Cheesy
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February 01, 2019, 05:12:24 AM

I am also a windows 7 user and just like Jimbo said, I too will use w7 till the day it becomes unusable and when that day comes I'll switch to linux, the second best desktop operating system. I am surprised there are many w7 followers in WO. Seems like I am in the right community which is going to make $100k party more fun;)Fuck w10. It is a malware. W8 is the same thing. I also hate the way they treat my desktop pc like it is a fucking tablet. No Bill, you fucked it up. MS wanted to be like Apple and now not just it isn't Apple, it became nothing.

It is under 3400 again btw. To the grouuund!
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February 01, 2019, 05:17:01 AM
Merited by HairyMaclairy (1)

You all know that I have been dismissive of grin, however in the wee ours of the morning after I wake up but before I get out of bed I usually do some of my best thinking and contemplation.

And this morning I was contemplating grin and its constant and never ending supply versus its price.
And I came to the conclusion that it might actually work, but there are some big ifs.

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.


Ok.... fair enough that you have some kind of supposed intellectual enlightenment in regards to grin, but why you be pumpin that shit here?



 Cheesy Cheesy Cheesy
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February 01, 2019, 05:32:37 AM

I am also a windows 7 user and just like Jimbo said, I too will use w7 till the day it becomes unusable and when that day comes I'll switch to linux, the second best desktop operating system. I am surprised there are many w7 followers in WO. Seems like I am in the right community which is going to make $100k party more fun;)Fuck w10. It is a malware. W8 is the same thing. I also hate the way they treat my desktop pc like it is a fucking tablet. No Bill, you fucked it up. MS wanted to be like Apple and now not just it isn't Apple, it became nothing.

It is under 3400 again btw. To the grouuund!

Win 7 has been the best OS for sure, but I haven't used it for a few years now. Are there any major flaws in W10 I should know about? I've turned off all the automatic updates and all the info that could be sent with bugging etc.

Otherwise I like it, much better than W8, has the start menu and everything, and as my laptop can be used as a tablet it is pretty convenient.
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February 01, 2019, 05:35:58 AM
Merited by BobLawblaw (1)

You all know that I have been dismissive of grin, however in the wee ours of the morning after I wake up but before I get out of bed I usually do some of my best thinking and contemplation.

And this morning I was contemplating grin and its constant and never ending supply versus its price.
And I came to the conclusion that it might actually work, but there are some big ifs.

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.


Ok.... fair enough that you have some kind of supposed intellectual enlightenment in regards to grin, but why you be pumpin that shit here?



 Cheesy Cheesy Cheesy

I took you of ignore a couple of hours ago just to see if you had improved. You have not, so back on ignore you go.
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February 01, 2019, 05:41:44 AM


Well, if you want me to get technical with you, I'd use Preparation H as lube, for that.

Shit, you just reminded me I did that once in the 80's. Smiley

It was a chick though.
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February 01, 2019, 05:47:01 AM
Last edit: February 01, 2019, 06:00:31 AM by Arriemoller

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.

Why don't you mine some? It's fun to learn and all you need is a GPU card or two plus the rest of PC (CPU, memory, SSD, motherboard, powersupply).
I am not sure that price would be very low as VCs are mining it (invested at least $100mil).
Mining is much less risky than buying outright.

Sorry, plucking my favorite parts of your post...

I also think that bitcoin being a store of value and grin being spendable (inflationary, but less and less in %% going forward) could be a good combo like checking (grin) and savings/investment (bitcoin) accounts.

I have no equipment and I'm not that interested in computer stuff. I'm one of those guys that resisted computers for a very long time, I bought my first computer in 1999 and if the unemployment office hadn't sent me on a computer course it would have taken at least another 4-5 years before I had bought a computer.
I was gonna try and mine BTG, but the computer I was gonna use for that crashed and I have no other spare computer. And, as I said, I have no interest. I got interested in bitcoin for political and economical/s reasons. It sounded like sound money and as a nice side effect it would make you rich.
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February 01, 2019, 06:00:13 AM

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.
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February 01, 2019, 06:01:02 AM

[edited out]

I took you of ignore a couple of hours ago just to see if you had improved. You have not, so back on ignore you go.

It was so precious of you to make that assertion, little flower.   Roll Eyes Roll Eyes
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February 01, 2019, 06:08:32 AM
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Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

I've been spending an inordinate amount of time trying to get pci passthrough working the last few months on VM's. I'm also hooked on my old games and was playing hereo's 3 the other day. Once I get the vid cards working through VMs Winblows gets regulated to perm VM territory. That or if ReactOS ever gets done. Smiley
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February 01, 2019, 06:09:24 AM

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant Smiley I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

It's the bastard son of Bitcoin. The Jon Snow of cryptocurrencies. The one that came back from death.

... But the winter is coming.

Strictly speaking, bitcoin with segwit is the bastard child because segwit introduces changes to the code that dramatically alter the way it works. Bitcoin cash is more like your purebred, a continuation of the line with minor changes to improve performance. That's not to say that a good cross-breed won't outperform a thoroughbred however. That remains to be seen  Smiley

This guy hasn't posted in over a year, but he logs on every day and currently has the record for most time logged in to the forum -- by a longshot, too. Wonder what it would take to get him out of retirement.
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February 01, 2019, 06:10:57 AM


Jihan WU is in New York, this might be a very special day if they reach a compromise. It looks like it  Shocked

Let's hope it's a true compromise. Something like Segwit with BIP100 (or similar) would ensure this clusterfuck is far less likely to occur in the future. A very conservative system to increase the base blocksize over time, and Segwit to get lightning networks rolling. That's what I think should happen, but I'm bound to be wrong  Roll Eyes


He was absolutely right about this, too.
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February 01, 2019, 06:14:46 AM

god damn

all this seeking incremental improvements in my condition gonna get me to the chiropractor
Sounds like you deserve less back pains if you choose to follow through. Sure would be nice if you got to skip the walk/ride though.
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February 01, 2019, 06:16:39 AM

this one is also funny.



Grin Grin
Those fingers aren't real are they?
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February 01, 2019, 06:27:43 AM

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

Steam on Linux has come a long way
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February 01, 2019, 06:29:03 AM

next 24 months are critical!!!

Actually you are so right. We might have next financial crisis in that period of time and no one have clear answer how Bitcoin will react to it.
Who is to say that bubbles don't follow an exponential trend on some scale (beyond the usual market cap shenanigans)? More humans, more money (thanks CBs) faster communications, faster and larger bubbles.

Inb4 Bitcoin goes to >>10m per coin in the most frenzied bull run in human history. Then it crashes back to some sensible levels. And then it'll come out as the global reserve currency.


Now that would be a fun ride. And not entirely implausible either, albeit only with an ε probability of playing out.
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February 01, 2019, 06:31:49 AM

Well that certainly would be fun. 
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February 01, 2019, 06:37:12 AM

Would those things be more secure than using your normal (or dedicated) internet connection?
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February 01, 2019, 06:50:39 AM

abort all fetuses, conception is murder
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