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Question: When new ATH?
1-3 Months - 68 (50.4%)
4-6 Months - 33 (24.4%)
7-19 Month - 9 (6.7%)
9-12 Months - 3 (2.2%)
1-2 Years - 4 (3%)
>2 Years - 11 (8.1%)
Never - 7 (5.2%)
Total Voters: 135

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25331742 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.)
xhomerx10
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Go! BTC Go!


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May 01, 2019, 10:21:30 PM

yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined
let that factoid sink in boyo

 I save so much money not having to purchase nitrous oxide for laughs thanks to you.   Cheesy
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1623898127
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fillippone
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May 01, 2019, 10:23:02 PM

@PlanB updated his bitcoin price graph:

https://twitter.com/100trillionusd/status/1123691786252189697?s=21



#bitcoin chart update: 12 months to next halving .. still green but already near Stock-to-Flow model value
El duderino_
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To clarify, i'm not selling.


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May 01, 2019, 10:27:36 PM

yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined
let that factoid sink in boyo

 I save so much money not having to purchase nitrous oxide for laughs thanks to you.   Cheesy

Yeah it was a good one, good to take with me into HODLsleep, exhausted whiteout knowing where from ?? Probably from HODLing and not spending a penny on whatsoever.

GOOD night WO-bro’s  Cheesy

Keep on the HODL theme and we Will be allright.
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May 01, 2019, 10:29:46 PM

Yes, I'd rather not champion the tether cause at all as I thought it was a fractional reserve from the beginning (you can find tons of my posts warning about it years ago) and still think it was but I believe they balanced the books by BTD during the winter and then had that law firm confim they had the funds but now they only have 75% because the US led attack on them seized to 750 million (orso). So it looks like they were completely solvent until the Good ol US of A went after them and that has interesting timing as other stablecoins that are institutionally backed are now launched.

Things that make you go Hmmm.

https://i.ytimg.com/vi/XM1-16wxe24/hqdefault.jpg
The government is only trying to protect us from our own bad choices.

Such as getting a double mortgage to 80x long Tesla over a 420 meme Tweet.

Or getting a job when you're on social welfare.
Searing
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May 01, 2019, 10:33:00 PM
Merited by vapourminer (1), Biodom (1), Paashaas (1)

Some  of you guys seem to act like you are eternal holder.s  Whats the point of making money if you never spend it and enjoy yourself.  Never know how long you will live and you can enjoy it a lot more when your younger.

Crypto IMHO, is 'speculation' not 'investment'. It is the closest thing to finding out about 'a venture capital investment' that I will ever have...as insider billionaires do. (2013).

Thus, IF you think there are really only going to be 21 million BTC and 86% have already been mined and BTC is like 'virtual land'. It is hard not to HODL.

IF you put in $$$ you can afford to lose. That is the real kicker. Investments are stuff you probably can't afford to lose. Speculation on crypto/land or whatever is a different beast.

So it is not that I'm not selling yet (besides panicking at about $3,965 USD BTC price (the horror) of 13 BTC. (now down to only 8 BTC from that). I have an out price after that bit of

backsliding, I will likely be buried with 50% of the BTC Hoard, before selling if it does go tulips. that is my floor.

Anyway, my panic sell aside, when all looked going to sh*t., that is what a lot of us are in HODL mode for. The above way of looking

at how BTC/Blockchain/etc MAY evolve. (again calculated risk and speculation)

It is that the blockchain is not like the Internet run back in the day. If you think 'adoption' is coming. Back in the day with the internet, there was NO
 
money in the 'backbone' internet itself...it was in the 'applications' (Yahoo, Google, Amazon, eBay, etc). With Bitcoin and the blockchain (the bet is) the

money will NOT be in the applications exclusively but reflected in the PRICE of bitcoin as the infrastructure of BTC and applications are developed.

Thus the 'virtual land' analogy. I certainly am in no position now to mine the BTC I did from 2013, thus if I have drunk the kool-aid, this is the HODL plan.

People confuse buying BTC and crypto as an investment...eh...kinda....but to me it is more a speculative venture capital bet that could still go (I hope)

way bigger then we've seen in the past.

If this was ALL about money, I'd have sold my first year, when it went up 10x and taken my 10k and left the table.

I am enamored with the possibilities and not looking exclusively at the liabilities...thus I guess that is what a HODL'er means at this point in time.

Anyway, how I see this. Dubious or not. (then again, I did as stated above, panic and sell 13 BTC (recouped 4 so far), so consider the source on the above rant)

brad


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May 01, 2019, 10:37:08 PM

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
To clarify, my post was in reference to the cursive part.

As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool.

Blasphemy. Partial reserve banking steals purchasing power -- and thereby wealth -- from the public at large, and concentrates it in the hands of the parasite banking class.
Suppose it was transparent and properly compensated as opposed to the way it was now, e.g. if depositors were paid proper interest for their deposits used in fractional reserve schemes, would you still see it that way?

If yes, why?


The way I see it is that banks used to be necessary but not much longer will be, especially as Bitcoin establishes a status as an appreciating currency. As such I expect different banks running different schemes to attract clients, such as paying out profits made from fractional reserve trades.
lightfoot
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May 01, 2019, 10:44:38 PM
Merited by vapourminer (1), Torque (1)

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
You have hit the nail on the head Darue: FR has been working for *BANKS* for hundreds of years, usually to the detriment of people who put their money in these banks then find it gone when the usual fraud followed by bank run happens. Or when banks/govt inflate the currency, meaning people who do not sotre their money chits in banks find it worth less and less over time.

Bitcoin is supposed to be immune to this: You can't commit fraud with it because if you say you have a bitcoin it's easy to prove and if you can't prove it you don't have one. With dollars it's easy to fudge the numbers because there are few objective ways to verify the amount. Same with our beautiful "tethers" and other private blockchains (which is why private blockchain offers no more security than a good old fashioned database plus logs: If you can fuck with the database and logs you can fuck with the private blockchain). This is why I like bitcoins. And this is why I think they will have a problem in today's commerce world: Since you can't inflate them (12.5 every 10 minutes, even God can't change that) and since they are easy to prove or disprove you need some sort of intermediary that you can fuck with to cheat people.

Enter Tether! Once private companies can convince you to exchange your non-fuckable bitcoins for easily fuckable tether you can have the "promises" be worth what they truly are. Remember, our current AG has said that he ain't prosecuting people for lying, so why not lie and say it's 100% backed, then "backed by things" then when called out get a "well, it's 74% backed by stable instruments".

Bullshit: You're just stealing people's money, like banks have done for centuries. Welcome to the club, pal.

The preceding has been a certified Lightfoot batshit rant. Contents may have settled during shipment.
cryptjh
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May 01, 2019, 10:47:56 PM

Its the first day of the month and bitcoins are continuing the nice green wave on the bitcoin monthly chart.
https://twitter.com/crypt_jh
becoin
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May 01, 2019, 11:10:15 PM

you can enjoy it a lot more when your younger.

Really? Are you sure?
Bitcoinaire
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May 01, 2019, 11:15:28 PM

And soon halving will be upon us, simple supply and demand!


So Coinbase are doing 20kBTC/mo, Greyscale do 6kBTC/mo and now it looks like Square are doing 6kBTC/mo.
Out of 54kBTC/mo mined by miners that’s already half the emission accounted for by those three companies.
Now u know why we’re heading up 🚀

https://twitter.com/jpthor__/status/1123698996449566720
gentlemand
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May 01, 2019, 11:17:01 PM

you can enjoy it a lot more when your younger.

Really? Are you sure?


Can confirm. I gave a paper wallet to my young nephew on ATH day. The little shit ate most of it. What wasn't eaten he rubbed all over his little ring piece. He seemed to have fun.
xhomerx10
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Go! BTC Go!


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May 01, 2019, 11:22:12 PM

you can enjoy it a lot more when your younger.

Really? Are you sure?


Can confirm. I gave a paper wallet to my young nephew on ATH day. The little shit ate most of it. What wasn't eaten he rubbed all over his little ring piece. He seemed to have fun.

 I wish I was made of sMerits.
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May 01, 2019, 11:28:26 PM
Merited by bones261 (2)

there be wyrm sign

resistance and support levels coming back into focus  

whats it going to take to crush the bears once and for all?  $6K+

look at all of this gentlemen and then lets look at the monthly chart which closed towards bullish for April

that and a viral like adoption curve make it difficult predict what will come

always in motion the future is

all that being said I think bitcoin is buy the dip-able until $7.6kish

-----


#dyor
1h


D


D


W


W


M

#stronghands'19
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Be a bank


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May 01, 2019, 11:58:31 PM

lil pomp
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May 02, 2019, 12:09:16 AM

https://www.cbinsights.com/research/facebook-blockchain-cryptocurrency/
boring but notbad history
lightfoot
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May 02, 2019, 12:34:07 AM

Suppose it was transparent and properly compensated as opposed to the way it was now, e.g. if depositors were paid proper interest for their deposits used in fractional reserve schemes, would you still see it that way?

If yes, why?
Sure. Because it would be transparent and properly audit-able. However it would never be used: People who ran scams with opaque systems would offer higher rates of interest and it would be priced out.

See "Bad money drives out good".

Quote
The way I see it is that banks used to be necessary but not much longer will be, especially as Bitcoin establishes a status as an appreciating currency. As such I expect different banks running different schemes to attract clients, such as paying out profits made from fractional reserve trades.

They are inherently instruments of fraud, and are highly profitable because of said fraud followed by bailouts. The CDO issue of the 2000's is a perfect example of how everyone wants to do this because you make a lot of money with the risk going to the suckers.

I expect banks to drop.... go away. That is why I will not work for one.
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May 02, 2019, 12:37:12 AM

lil pomp


not sure what to say other than it appears there will be continued GAINZ until further notice    quiet sorry..you all will have to settle for being gentlemen like it or not   make the best of it I say

1h

#stronghands'19
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May 02, 2019, 12:54:12 AM

lil pomp


not sure what to say other than it appears there will be continued GAINZ until further notice    quiet sorry..you all will have to settle for being gentlemen like it or not   make the best of it I say


#stronghands'19

Not using 20 60 120 30 Ichimoku?

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May 02, 2019, 12:55:31 AM

Add to this the PM-supporting cockr0ach

I'm pro-silver & gold and anti all (((digital currency))), cashless society enslavement systems, so trying to put me in the same camp as "Rick Falkvinge", "Jihan Wu", "Roger Ver", and "Craig Wright" is utterly stupid when I consider all of you to be on the same team and me on a different one.
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May 02, 2019, 01:00:03 AM

you can enjoy it a lot more when your younger.

Really? Are you sure?


It doesn’t matter if you are young or old. It doesn’t matter if you are rich or poor.

But I would rather not be old and poor at the same time.  
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