Bitcoin Forum
January 24, 2022, 09:23:21 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Highest price we'll see in 2022:
50,000 - 7 (13%)
60,000 - 1 (1.9%)
70,000 - 4 (7.4%)
80,000 - 5 (9.3%)
90,000 - 3 (5.6%)
100,000 - 2 (3.7%)
125,000 - 11 (20.4%)
150,000 - 2 (3.7%)
175,000 - 2 (3.7%)
200,000 - 1 (1.9%)
225,000 - 4 (7.4%)
250,000 - 4 (7.4%)
275,000 - 1 (1.9%)
300,000 - 0 (0%)
>300,000 - 7 (13%)
Total Voters: 54

Pages: « 1 ... 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 23707 23708 23709 23710 23711 23712 23713 23714 23715 23716 23717 23718 23719 23720 23721 23722 23723 23724 23725 23726 23727 23728 23729 23730 23731 23732 23733 23734 23735 23736 23737 23738 23739 23740 23741 23742 23743 23744 23745 23746 23747 23748 23749 23750 ... 30199 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25530633 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.)
Lambie Slayer
Hero Member
*****
Offline Offline

Activity: 924
Merit: 648



View Profile
May 14, 2019, 09:23:57 PM

Ok who is selling  Angry Remember we can get to 100k in 1 day if no one sells  Grin
I have seen $19K but never sold my coin. How could I will sell when the price is only $8k?

We should start some kind of fanatical religion or violent gang and make newbs and hodlers in general swear a blood oath not to sell punishable by death or at least punishable by having to spend a day with Roach in the homeless shelter. No selling allowed till at least 50k ffs Roll Eyes

Im kidding sorta, but not really though.

Bitcoin is a perfect candidate to become a religion one day. A mysterious creator no one has ever seen. Traitors who betray it for 50 pieces of silver. It dies over and over and comes back to life. Non believers get punished with poverty and insanity. Powerful nation states with huge militaries cant stop it. Millions of believers.

Jesus only personally used violence one time in the Bible. He literally took a whip and started beating animals, flipping tables and chasing money changers out of the temple. Shocked

"In the temple courts he found people selling cattle, sheep and doves, and others sitting at tables exchanging money. So he made a whip out of cords, and drove all from the temple courts, both sheep and cattle; he scattered the coins of the money changers and overturned their tables. To those who sold doves he said, “Get these out of here! Stop turning my Father’s house into a market!”

Also money is a god for most of modern society, so its only right that Bitcoin become their one true god.


via Imgflip Meme Generator

Again Im sorta kidding, but not really though. Cool

1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
1643059401
Hero Member
*
Offline Offline

Posts: 1643059401

View Profile Personal Message (Offline)

Ignore
1643059401
Reply with quote  #2

1643059401
Report to moderator
fabiorem
Sr. Member
****
Offline Offline

Activity: 1358
Merit: 340


View Profile
May 14, 2019, 09:31:18 PM

I believe some whales are doing swaps with Ripple.

Nothing to worry about. Soon the money returns to Bitcoin.
encycrypto
Member
**
Offline Offline

Activity: 294
Merit: 53


View Profile
May 14, 2019, 09:33:49 PM
Last edit: May 14, 2019, 09:46:37 PM by encycrypto

I believe some whales are doing swaps with Ripple.

Nothing to worry about. Soon the money returns to Bitcoin.

No, they're not. We're not worried either. Also, if you think that Ripple is doing too god, open its YTD chart and compare it with BTC. You're comparing a lion with a donkey, please don't do that.

*good
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 14, 2019, 10:18:57 PM

And the daily has swung back green. 

Go Bitcoin go. 
_javier_
Member
**
Offline Offline

Activity: 444
Merit: 31

Still a manic miner


View Profile
May 14, 2019, 10:30:08 PM

And the daily has swung back green. 

Go Bitcoin go. 

It looks exactly the same as April 2 daily candle.. and look what happened thereafter...  Roll Eyes
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 14, 2019, 10:33:29 PM

And the daily has swung back green. 

Go Bitcoin go. 

It looks exactly the same as April 2 daily candle.. and look what happened thereafter...  Roll Eyes

HAH.  Good point !
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 694
Merit: 439



View Profile
May 14, 2019, 10:35:21 PM

When institutional money and central banks begin to FOMO, watch out.
toknormal
Legendary
*
Offline Offline

Activity: 2716
Merit: 1182


View Profile
May 14, 2019, 10:44:41 PM
Last edit: May 14, 2019, 11:32:09 PM by toknormal



What "use case" do you think bitcoin solves out of interest ? (Apart from making coin-grabbing early adopters rich)

so you really don´t know it yet? you been in this forum since sub $100 prices. you did not understand it back then, that is why you are no early investor. nothing to be ashamed of. but after 6 years and 6000 posts...    i see...

how about:
permissionless, trustless, uncensorable, borderless secure and safe transfer of value.
unconfiscateable, immutable, truly decentralized and safe store of value.

Those are features of a blockchain, not monetary-economic roles.

Bitcoin is a reserve asset (relatively speaking in the blockchain space). As such its job is to collect and provide continuity to long term capital that's not deployed in some kind of active economic role. In any monetary system you always have a layered structure of diverse assets - always. Thats because there are so many distinct priorities that may be in conflict for a given requirement.

For example, say you're a saver. You want to maximise return on your savings and don't care how they are denominated. You may or may not need regular "income" from your capital, or just protection against goods price inflation long term. That would be one set of priorities which may be met by - whatever: sovereign bonds, equities, indexed funds, gold, silver, bitcoin.



On the other hand, say you're a car manufacturer. You have a 6 month budgeting cycle during which the price of labour, raw materials and plant can go all over the place. On top of that you're exposed to potentially unfavourable currency volatility in foreign markets. Here, you're not interested in maximising return on capital, but rather running your production costs on budget and preserving the margin on future sales. So you invest in a completely different type of money - one that preserves your planning priorities and hedges your risks.



Contrary to the tunnel visioned mono-culture you've been promoting in this discussion, the crypto economy is no different. There will be and IS already a demand for a diversity of trustless monetary blockchains that address specific priorities ranging from realtime trading performance, through various hedging protocols such as stablecoins or commodity pegs, the whole smartcontract sector and crypto-derivative platforms, trustless auction exchanges, invoice factoring platforms, bitcoin clones that prioritise alternative aspects of the protocol, trustless hedging protocols for merchants such as Bitshares.

Bitcoin cannot do all this and was never designed or intended to. If you think one blockchain can run a whole crypto economy you're deluded. Also you can forget any "side chain" or "piggy back" nonsense as well because if there's one thing that's been learned from the old gold standard or trans-national currencies like the Euro, it's that single currencies are a disaster for diverse economies. They transmit all the rot from where the problem is to where it isn't. (Though that doesn't mean that we can't have world reserve asset bases like bitcoin but they are horizontal, not vertical).

The way that all these "alternative classes" create growth in bitcoin is that the monetary systems are layered on top of each other so that the utility assets are near the top and reserve assets at the bottom. One way that this is often expressed is in a metaphor known as "Exter's Pyramid". What happens is that most of the utility capital is deployed and recycled in the utility layers (such as short term business deposit accounts in the classic economy for cash flow). But some of these activities make "excess money" - i.e. profits - which have to be "parked" somewhere as they are excess to requirements. That's how capital starts to drift down through the pyramid and into the successive reserve layers below, adding long term value to them.



So be careful what you wish for. If you really want your BTC to grow, in my opinion you'd better hope the whole economy grows around crypto and that ain't gonna happen with one blockchain - albeit a reserve asset one. Trees have leaves for a reason, the bark on the trunk isn't too great at collecting light for photosynthesis since it's busy doing another job protecting it from reindeer sharpening their antlers. Similarly, altcoins will be the "collectors" of revenue and ultimately capital from a myriad of business sectors that bitcoin would simply never have found its way into on its own. Why do you think the Lightning Network is needed for example ? Because bitcoin can't even adequately fulfill the most basic of trading performance priorities and there are plenty more where that one came from.

What you want for bitcoin growth is LOW relative market dominance, not high dominance. That's also why you see jumps in bitcoin value taking place after a period of decline in dominance - because the high "capital collector" altcoin layers of crypto's "Exter's pyramid" have become saturated, get squeezed, and the excess capital moves to reserve storage in bitcoin.

Finally, I'm not the only one to have made this appraisal of the future structure of the crypto eco-system. Others have taken it much further, such as Tom Luongo who actually posted a version of the pyramid adapted to crypto. This is from a couple of years ago.


HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 14, 2019, 11:26:45 PM

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.
El duderino_
Legendary
*
Offline Offline

Activity: 1666
Merit: 7757


Observing No-Coiners.


View Profile
May 14, 2019, 11:33:14 PM

Todays session ended, Exhausted, HODLsleep and HAT change needed.

Gonna catch up with the thread tomorrow.

Good night my fellow BTC-brothers
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4390


Be a bank


View Profile
May 14, 2019, 11:34:50 PM

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.

They relieved the unwary of their bitcoins and sent them to the likes of eduffield, fluffypony, coblee, bytemaster and the other worthy gentlemen.
They achieved that much.
GreatArkansas
Legendary
*
Offline Offline

Activity: 1470
Merit: 1200


Telegram Bot - @BitcointalkProjectBot


View Profile WWW
May 14, 2019, 11:38:23 PM

Just got home from our province just to vote for Midterm election, $6,100 before I left, and now I'm back BTC already reached $8,000.  Cool Cool
toknormal
Legendary
*
Offline Offline

Activity: 2716
Merit: 1182


View Profile
May 14, 2019, 11:40:29 PM
Last edit: May 14, 2019, 11:54:26 PM by toknormal

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.

What exactly do you mean by "value" ? Value to you ? Value to the market ? Productivity value ?

More importantly...does it matter ? These discussions inevitably end up like an order book = there's somebody parked at every level from zero to infinity. Commentators in the "fiat world" argue bitcoin is useless and valueless just as many bitcoin holders argue altcoins are. Moon Coin from way back in 2014 has no current value. All its value is now in bitcoin because that was the only pairing it ever had. But it was where the "value" went first. Those people bought mooncoin, not bitcoin because many of them would have far less bitcoin today if they'd bought bitcoin first.

Similarly, stocks in typewriter manufacturers from the 1960's have zero value. Their value moved into more permanent vehicles whether that be the next short-lived stock, cash or gold. It doesn't matter because the value was captured and eventually moved down Exter's pyramid.

My point is that all this talk of "alts have no value" is pointless. You might as well say bitcoin has no value because if someone puts their money in Moon Coin first rather then bitcoin, it doesn't. Most people want to earn money quickly, not slowly and reserve assets have never been - nor ever will be - the front door to wealth.

They're where wealth ends up when it matures to a certain stage. That's why most people invest in companies rather than gold and it's why bitcoin needs a healthy altcoin market that's - ideally - multiples of its own size to grow long term.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 14, 2019, 11:57:02 PM

By “value” I mean a use case, where the coins have been used for their use case.  

Other than stable coins, no alt coin has ever been used for its intended use case in any meaningful way.  

If they don’t have a viable use case, then they don’t have any value.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4390


Be a bank


View Profile
May 14, 2019, 11:57:20 PM



edit: Justin Sun face mat Consensus pee bounty now up to $70 https://twitter.com/StopAndDecrypt/status/1128441005374619648
Torque
Legendary
*
Offline Offline

Activity: 2744
Merit: 3108



View Profile
May 15, 2019, 12:05:38 AM

My point is that all this talk of "alts have no value" is pointless. You might as well say bitcoin has no value because if someone puts their money in Moon Coin first rather then bitcoin, it doesn't. Most people want to earn money quickly, not slowly and reserve assets have never been - nor ever will be - the front door to wealth.

They're where wealth ends up when it matures to a certain stage. That's why most people invest in companies rather than gold and it's why bitcoin needs a healthy altcoin market that's - ideally - multiples of its own size to grow long term.


So your argument is that altcoins have "value" simply to make short term wealth gains in, instead of buying Bitcoin? Really?

You're missing the whole point of Bitcoin in the first place. SMH
toknormal
Legendary
*
Offline Offline

Activity: 2716
Merit: 1182


View Profile
May 15, 2019, 12:12:23 AM


By “value” I mean a use case, where the coins have been used for their use case.  

Other than stable coins, no alt coin has ever been used for its intended use case in any meaningful way.  

If they don’t have a viable use case, then they don’t have any value.

LoL. Do you actually see how hilarious that sounds coming from a bitcoin promoter ?

You think that bitcoin has any more of a "use case" or is being used for its "intended use case" ? We're 10 years in. What's the Whitepaper called ? "A Peer to Peer Electronic Cash System" ?

Look around you. What did you use the last time you went to the supermarket ? Bought something on Amazon ? Made a withdrawal from the bank ?

Get real. Altcoins are an $80 Billion market - that's quite a lot of "no value". The words pot and kettle spring to mind when people from either camp accuse the other of "not having any value". Most alts are doing what they were designed to do which is more than can be said for bitcoin. That doesn't mean it doesn't have a role, but everything in this entire sector is far more mutually dependent than many of their respective fanboys give credit for.
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2842
Merit: 1429


Clueless!


View Profile
May 15, 2019, 12:16:03 AM

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.

They relieved the unwary of their bitcoins and sent them to the likes of eduffield, fluffypony, coblee, bytemaster and the other worthy gentlemen.
They achieved that much.

Works great, when I used to mine altcoins and convert to BTC, for a few years...that boat may have sailed however in the USA and home mining wise now Sad
toknormal
Legendary
*
Offline Offline

Activity: 2716
Merit: 1182


View Profile
May 15, 2019, 12:18:31 AM

So your argument is that altcoins have "value" simply to make short term wealth gains in, instead of buying Bitcoin? Really?

You're missing the whole point of Bitcoin in the first place. SMH

No. That isn't what I'm arguing as you'll see if you care to go back and re-read my long post. I'm making the point that reserve assets are not wealth creators, they're wealth maintainers, and that there is a hierarchy of monetary functions and assets that are shorter term and more utilitarian in nature which serve to feed value into those reserve assets. By analogy, bitcoin needs such an ecosystem to survive and grow long term and it needs it specifically in the form of a diversity of trustless blockchain assets as we're seeing emerge.

I'm also making the point that most bitcoin "maximalists" have a flawed appraisal of the "bitcoin dominance" metric. They think it's good when bitcoin dominance is high and rising when in fact it's bad - a bit like a tree loosing all its branches and leaves and having only the trunk sticking out of the ground is bad.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 15, 2019, 12:24:45 AM
Merited by ssmc2 (2), Torque (1)


By “value” I mean a use case, where the coins have been used for their use case.  

Other than stable coins, no alt coin has ever been used for its intended use case in any meaningful way.  

If they don’t have a viable use case, then they don’t have any value.

LoL. Do you actually see how hilarious that sounds coming from a bitcoin promoter ?

You think that bitcoin has any more of a "use case" or is being used for its "intended use case" ? We're 10 years in. What's the Whitepaper called ? "A Peer to Peer Electronic Cash System" ?

Look around you. What did you use the last time you went to the supermarket ? Bought something on Amazon ? Made a withdrawal from the bank ?

Get real. Altcoins are an $80 Billion market - that's quite a lot of "no value". The words pot and kettle spring to mind when people from either camp accuse the other of "not having any value". Most alts are doing what they were designed to do which is more than can be said for bitcoin. That doesn't mean it doesn't have a role, but everything in this entire sector is far more mutually dependent than many of their respective fanboys give credit for.


Bitcoin is a store of value.  It is working quite well at that.  The market is deep and liquid

Have a look at the order books. That so called $80 billion alt coin market is illiquid and shallow. 
Pages: « 1 ... 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 23707 23708 23709 23710 23711 23712 23713 23714 23715 23716 23717 23718 23719 23720 23721 23722 23723 23724 23725 23726 23727 23728 23729 23730 23731 23732 23733 23734 23735 23736 23737 23738 23739 23740 23741 23742 23743 23744 23745 23746 23747 23748 23749 23750 ... 30199 »
  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!