Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[rebal15]

My question to those who predict 100K within less than two years or so.
Why the discounting mechanism is not working?

Either the model is wrong/irrelevant OR the market is incapable of correctly pricing future expectations now.

The latter.

We've seen this time and time again. The world at large has not yet awakened to the fact that they need a form of money that is not inflationary, and is free from intervening middlemen who can conspire to thwart or devalue their transactions.

You are so funny.
The world is going on the other direction. Boris, trump, marie le pen and all the others.

it is very difficult to understand whether you are making any meaningful point at all

The world would have a form of money if it was united as a country. With all these conflicts; either economic, monetary, technological, religious or others, due to the desire of domination, I do not think the world will have a single currency.

Bitcoin does not need to be a 'single currency for the entire world' for increasingly large fractions of people in each corner of the world to awaken to the fact that a weightless, invisible, uncensorable, uninflatable, unconfiscatable form of money is A Good Thing.

Even if it will happen in the future, I don't think that a software can be a source of international monetary system.

Hmmm. Good thing Bitcoin is ever so much more than merely 'a software'.

single currency : I mean fiats. Bitcoin and altcoins are sure will never be.
a software: what ever you call it.

[1652929923]

1652929923

[1652929923]

1652929923

[makrospex]

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

[rebal15]

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

[rattle_rattle]

This page on the thread must be one of the longest ever. It took me ages to scroll trough it.

[jbreher]

This page on the thread must be one of the longest ever.

You must be new here.

[jbreher]

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

Only in the same sense as you yourself can be considered as a specific sequence of cytoseine, guanine, adenine, and thymine, as an input to ribosomes.

[makrospex]

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

Once you get the grip on computing, that it's just a representation, or "realisation" of mathematical/logical processes, you will see things more clear.
These end users nowadays... The industry needed them to grow, but i remember better times, when computing was a thing you really needed to wrap your head around. No mouse, no touchscreens, -pads, whatever and 56k modem speed, at best  

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

[rebal15]

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

Once you get the grip on computing, that it's just a representation, or "realisation" of mathematical/logical processes, you will see things more clear.
These end users nowadays... The industry needed them to grow, but i remember better times, when computing was a thing you really needed to wrap your head around. No mouse, no touchscreens, -pads, whatever and 56k modem speed, at best  

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

what do you mean with "bitcoin spam".
Not good if Bitcoin can be used for spams.

[JayJuanGee]

[edited out]

JJG, you are always out of subject. bots can't understand the meaning.

As if I anyone here is going to give much if any credence to your categorization of which posts are "in subject"....  

Get a grip, rebal15

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

Only in the same sense as you yourself can be considered as a specific sequence of cytoseine, guanine, adenine, and thymine, as an input to ribosomes.

jbreher is making some decent senses.     

Thanks for that insight, picnic bear. 

[Amateur_]

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

what do you mean with "bitcoin spam".
Not good if Bitcoin can be used for spams.

I think he's referring to the spam/scam emails, rebel.
Bitcoin is simply a method of transaction.

[rebal15]

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

what do you mean with "bitcoin spam".
Not good if Bitcoin can be used for spams.

I think he's referring to the spam/scam emails, rebel.
Bitcoin is simply a method of transaction.

I know. It is a question of what he means. I want to know what he means.

[rebal15]

[edited out]

JJG, you are always out of subject. bots can't understand the meaning.

As if I anyone here is going to give much if any credence to your categorization of which posts are "in subject"....  

Get a grip, rebal15

a software: what ever you call it.

software is only one type of handling the (mathematical) algorithm in a convenient, automated way. So in fact "software" is only your name for it.
What it is, i bet you know: a blockchain with a simple, specific usecase. The chain (bitcoin) itself is just "output", coming from the algorithm (used by software).
"Software" is clearly incorrect. Looking at complex things the simple way doesn't make them simple at all.

Ok, thank you.
Can Bitcoin be considered as an input to an algorithm (used by software).

Only in the same sense as you yourself can be considered as a specific sequence of cytoseine, guanine, adenine, and thymine, as an input to ribosomes.

jbreher is making some decent senses.     

Thanks for that insight, picnic bear. 

Good night JJG if you are going to sleep.

[Amateur_]

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

what do you mean with "bitcoin spam".
Not good if Bitcoin can be used for spams.

I think he's referring to the spam/scam emails, rebel.
Bitcoin is simply a method of transaction.

I know. It is a question of what he means. I want to know what he means.

I'm not really sure what you're expecting;
are you familiar with basic spam/scam emails?

[El duderino_]

This is my 10,000th post, I have had a blast spending so much time with all of you fuckers. This one is for all of you guys and to 10,000 more post to come and hopefully a majority in this thread! The price right now is back and forth around $10k and hopefully by the time it is 20,000 post the price jumps to more than $20,000. (It was $50 when the first post started)

I’m out of sMerit & my source bank is empty. I owe you +1 for this post though. Great to have you here as always. Congrats on hitting 10k brother.

Got it covered

Good night into Amsterdam HODLsleep and catch up tomorrow

[makrospex]

EDIT: Wallobservers, i recognise ongoing reduction of bitcoin spam in my mailboxes. Not a good sign for 2019, i guess.

what do you mean with "bitcoin spam".
Not good if Bitcoin can be used for spams.

I think he's referring to the spam/scam emails, rebel.
Bitcoin is simply a method of transaction.

I know. It is a question of what he means. I want to know what he means.

I'm not really sure what you're expecting;
are you familiar with basic spam/scam emails?

That is best explained by some example spam mail titles:

"today i made $3.435 by using THIS simple website!"
"educate yourself in bitcoin trading and get rich quick!"
"do you want to let the future to be happening without you?"
"Bitcoin Satoshis Vision - the REAL BITCOIN"

hmmm, wait a sec...

[Amateur_]

Observing BTC @ 9,695 USD

Currently hovering above the 9,400 USD support line; potential retest incoming.

[realr0ach]

Since this thread is read by half the spooks in the world, I would like everyone to welcome aboard Anne Neuberger from the evil cult of Judaism to be the NSA's cybersecurity director.  Since allowing a woman to be in charge of anything related to computers or warfare is completely asinine, we can rest assured the leader of the free world - god emperor Putin - will be most happy with this choice.

[jojo69]

The longer it builds, the higher it will end up...

that's the way I see it

this is perfect so far, couldn't have painted it better

[realr0ach]

That reminds me of all those Windows 7 parties I threw back in the day. Truly amazing times.

Windows 7 was the death of computing.  Shifting from single CPU cores and closer to the metal systems to bloated abstraction layers and APIs.  In other words, everything about things from that period forward were focused on SERVER and multi-tasking performance (things like apache web servers) at the expense of workstation performance (things like video games and end user latency).  

And now you have people going even more overboard in that path pretending that it's valid to create video games the same way CG movies are done - in post processing render layers.  The purpose of a video game is it's supposed to be real-time.  I'm surrounded by idiots.  So, Windows XP is still technically the best gaming OS for things like latency.  Whether it's turd-like Linux distros even more focused on multi-tasking than Windows is, or Windows itself, none of these OS's after Windows XP should even exist for real-time or gaming performance, only for office work and servers.

[jojo69]

You hold you win.  simple

What do you win ? Serious question. I've nothing against hodlers, but if you're a pure hodler, then the price shouldn't matter to you, should it ? 1000$ more, 1000$ less, what difference does it make ?

pretty much