Bitcoin Forum
May 28, 2024, 04:10:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 23606 23607 23608 23609 23610 23611 23612 23613 23614 23615 23616 23617 23618 23619 23620 23621 23622 23623 23624 23625 23626 23627 23628 23629 23630 23631 23632 23633 23634 23635 23636 23637 23638 23639 23640 23641 23642 23643 23644 23645 23646 23647 23648 23649 23650 23651 23652 23653 23654 23655 [23656] 23657 23658 23659 23660 23661 23662 23663 23664 23665 23666 23667 23668 23669 23670 23671 23672 23673 23674 23675 23676 23677 23678 23679 23680 23681 23682 23683 23684 23685 23686 23687 23688 23689 23690 23691 23692 23693 23694 23695 23696 23697 23698 23699 23700 23701 23702 23703 23704 23705 23706 ... 33389 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26391182 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.)
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
May 19, 2019, 10:16:19 AM

^Or the TLDR version of my post above:  Bitcoin is like the grotesque finale of global financialization.  Financialization is the art of making money by producing nothing.  You have billions of dollars floating around that instead of chasing real world goods, services, or investments, the money is chasing imaginary, valueless tokens.  At some point all imaginary things are going to be marked to market for their real value of zero, and it's going to be hilarious, or catastrophic, or both.

What does imaginary mean to you exactly? Isn't ''normal'' money imaginary too? Why does it hold any value at all if it can appear from nothing? Does it hold value because it's a physical bill? Does gold hold a lot of value simply because people use gold to build/create things with it?

Of course "money" isn't imaginary.  Fiat paper has always been a derivative of metals, not vice versa.  They just turned it into a complete scam and de-linked the paper convertability from metals entirely under Nixon.  My grandfather worked for Nixon.  To qualify as money something has to be an actual commodity.  Commodities are physical only.  If it's not a commodity, it's a currency.  All currencies are worthless scams. 

The lowest level API of trade is barter.  The further you extrapolate from barter, the bigger a scam it is.  Since humans practice specialization of labor, the exchange of a physical commodity has always been used because it's the closest thing to barter there is without actually being barter.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
May 19, 2019, 10:18:25 AM

Value is imaginative. Things are worth what people think they are worth. Get bent seriously.
Globb0
Legendary
*
Offline Offline

Activity: 2674
Merit: 2053


Free spirit


View Profile
May 19, 2019, 10:25:50 AM



Ive burned it down there a few times. Even won a class once.
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
May 19, 2019, 10:29:13 AM

Value is imaginative. Things are worth what people think they are worth. Get bent seriously.

I didn't use the word value in my post, but "value" is obviously not subjective in relation to humans when things like Maslow's pyramid exist.  Things like food, building materials for shelter, energy to stay warm, etc, all have greater value than gold or imaginary, valueless bitcoins.  But the key aspect is that those Maslow's pyramid-esque things all tend to be perishable commodities when a non-perishable commodity is needed to serve as money (among several other attributes).  

Hence why the noble metals (gold and silver) become the Schelling point of money instead of bread.  It's the invisible hand of the market simply choosing the most suitable commodity.  Bitcoin is not a commodity.  It's a fake commodity.  It is relegated to the status of currency and not money.  All currencies are worthless scams whether it's dollars, Paypal tokens, Chuck E Cheese tokens, or Bitcoin tokens.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
May 19, 2019, 10:32:12 AM



Ive burned it down there a few times. Even won a class once.

Nice !!!, fuel and horsepower are addictive. Wink
UnDerDoG81
Legendary
*
Offline Offline

Activity: 2179
Merit: 1201


View Profile
May 19, 2019, 10:33:16 AM

Crazy, it´s rallying again did not expect that after the dump.
Whaleagent
Member
**
Offline Offline

Activity: 117
Merit: 14


View Profile WWW
May 19, 2019, 10:34:37 AM

Value is imaginative. Things are worth what people think they are worth. Get bent seriously.

I didn't use the word value in my post, but "value" is obviously not subjective in relation to humans when things like Maslow's pyramid exist.  Things like food, building materials for shelter, energy to stay warm, etc, all have greater value than gold or imaginary, valueless bitcoins.  But the key aspect is that those Maslow's pyramid-esque things all tend to be perishable commodities when a non-perishable commodity is needed to serve as money (among several other attributes).  Hence why the noble metals (gold and silver) become the Schelling point of money instead of bread.

Actually you did, you said ''valueless tokens'' and ''At some point all imaginary things are going to be marked to market for their real value of zero''

''Things like food, building materials for shelter, energy to stay warm, etc, all have greater value than gold or imaginary'' You see, value is indeed relative and imaginary, food is usually more valuable than gold but so is water, however if you haven't eaten in 2 weeks but had enough water, food would be more valuable than water in that particular instance but the same can be true for gold, if you have plenty of food and water and you needed gold for whatever reason, then gold would be more valuable than those 2. In the end is really just demand and supply no matter what the intrinsic value of a particular asset is.
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3542
Merit: 9687


#1 VIP Crypto Casino


View Profile
May 19, 2019, 10:36:09 AM

There will be people who were panic selling in the low 7k’s. How dumb do they frel now?

HODL = No losses!
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
May 19, 2019, 10:40:41 AM

The big Bart - ok.
But we must build some support
- a 'slomo fomo'?
Arriemoller
Legendary
*
Offline Offline

Activity: 2282
Merit: 1767


Cлaвa Укpaїнi!


View Profile
May 19, 2019, 10:42:46 AM



Is that Mr Miller?
He showed of his car at a drag race in Malmö in -79 or -80 I think it was. I got his autograph on my t-shirt, still have that shirt in a drawer in my bedroom.
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2786
Merit: 2728


Farewell LEO: o_e_l_e_o


View Profile WWW
May 19, 2019, 10:43:46 AM

Good morning brothers!

Observing @ $8,127 🤪  

$9k soon!?
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
May 19, 2019, 10:45:23 AM



Lets gooooo BTC
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2786
Merit: 2728


Farewell LEO: o_e_l_e_o


View Profile WWW
May 19, 2019, 10:47:11 AM



Lets gooooo BTC
It's hard to stop now 🤪
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
May 19, 2019, 10:47:48 AM

She could soap my Aston any time. Polish my Pagani.

lather my Lada
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2786
Merit: 2728


Farewell LEO: o_e_l_e_o


View Profile WWW
May 19, 2019, 10:48:55 AM

She could soap my Aston any time.
Do you have bitcoins? 🤪
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3542
Merit: 9687


#1 VIP Crypto Casino


View Profile
May 19, 2019, 10:50:52 AM

She could soap my Aston any time. Polish my Pagani.

lather my Lada

Shine my Skoda
PaivanTreidi
Jr. Member
*
Offline Offline

Activity: 34
Merit: 8


View Profile
May 19, 2019, 10:52:06 AM

She could soap my Aston any time. Polish my Pagani.

lather my Lada

Shine my Skoda

Or just sit in my Seat.
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2786
Merit: 2728


Farewell LEO: o_e_l_e_o


View Profile WWW
May 19, 2019, 10:52:21 AM

Whats up brother!
Have you managed the tickets?

@LFC_Bitcoin
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
May 19, 2019, 10:54:14 AM

She could soap my Aston any time. Polish my Pagani.

lather my Lada

Shine my Skoda

Or just sit in my Seat.
jiggle your Jaguar?
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
May 19, 2019, 10:54:52 AM



Is that Mr Miller?
He showed of his car at a drag race in Malmö in -79 or -80 I think it was. I got his autograph on my t-shirt, still have that shirt in a drawer in my bedroom.

I do not know, here is a video of the full gif.

FireForce 5 Jet Car at Santa Pod Raceway - 1/4 Mile 5.07 @ 298mph

https://www.youtube.com/watch?v=qhCtOhmEDgo



Pages: « 1 ... 23606 23607 23608 23609 23610 23611 23612 23613 23614 23615 23616 23617 23618 23619 23620 23621 23622 23623 23624 23625 23626 23627 23628 23629 23630 23631 23632 23633 23634 23635 23636 23637 23638 23639 23640 23641 23642 23643 23644 23645 23646 23647 23648 23649 23650 23651 23652 23653 23654 23655 [23656] 23657 23658 23659 23660 23661 23662 23663 23664 23665 23666 23667 23668 23669 23670 23671 23672 23673 23674 23675 23676 23677 23678 23679 23680 23681 23682 23683 23684 23685 23686 23687 23688 23689 23690 23691 23692 23693 23694 23695 23696 23697 23698 23699 23700 23701 23702 23703 23704 23705 23706 ... 33389 »
  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!