Bitcoin Forum
February 05, 2023, 04:58:31 AM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will we see a new ATH?
2023 - 38 (25.7%)
2024 - 57 (38.5%)
2025 - 40 (27%)
2026 - 3 (2%)
2027 - 2 (1.4%)
After 2027 - 3 (2%)
Never - 5 (3.4%)
Total Voters: 148

Pages: « 1 ... 24779 24780 24781 24782 24783 24784 24785 24786 24787 24788 24789 24790 24791 24792 24793 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 24809 24810 24811 24812 24813 24814 24815 24816 24817 24818 24819 24820 24821 24822 24823 24824 24825 24826 24827 24828 [24829] 24830 24831 24832 24833 24834 24835 24836 24837 24838 24839 24840 24841 24842 24843 24844 24845 24846 24847 24848 24849 24850 24851 24852 24853 24854 24855 24856 24857 24858 24859 24860 24861 24862 24863 24864 24865 24866 24867 24868 24869 24870 24871 24872 24873 24874 24875 24876 24877 24878 24879 ... 31863 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25998828 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. (170 posts by 5 users with 9 merit deleted.)
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 07:52:49 AM

You can't mine just 1 bitcoin for $6k. You could try. Otherwise, the price is indeed determined solely by traders. Some miners are also traders. Some miners are not.

Of course you can mine "just 1 bitcoin".  It's called 'pool mining'.  Why are you trying to trick people into believing the price of Bitcoin can go to infinity without mining massively expanding along with the price?  The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.  And mining is already too huge to increase by an order of magnitude or higher to buffer prices that elevated or it would use more power than the entire United States.  People claiming the price can go to $100k after halving are retard scammers.
1675573111
Hero Member
*
Offline Offline

Posts: 1675573111

View Profile Personal Message (Offline)

Ignore
1675573111
Reply with quote  #2

1675573111
Report to moderator
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675573111
Hero Member
*
Offline Offline

Posts: 1675573111

View Profile Personal Message (Offline)

Ignore
1675573111
Reply with quote  #2

1675573111
Report to moderator
1675573111
Hero Member
*
Offline Offline

Posts: 1675573111

View Profile Personal Message (Offline)

Ignore
1675573111
Reply with quote  #2

1675573111
Report to moderator
1675573111
Hero Member
*
Offline Offline

Posts: 1675573111

View Profile Personal Message (Offline)

Ignore
1675573111
Reply with quote  #2

1675573111
Report to moderator
serveria.com
Legendary
*
Offline Offline

Activity: 1778
Merit: 1087


Balls of steel. This time is different.


View Profile WWW
September 14, 2019, 07:56:39 AM

Ballet - The World’s First Multicurrency, Non-electronic Hardware Wallet.

Complete with scratch off private key.  Erm lol thanks Bobby Lee. 




https://www.kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet


what the actual fuck??

not your keys folks...jesus

You can't even prove that somebody else stole the coins. They'll accuse you instead and there is nothing you can do about it. This is perfect for selective scamming. Scam every 10.000th person and nobody will give a fuck about him.

It's actually enough to scam just ONE person with enough coins. Who's going to believe your story?  Huh
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:13:35 AM



Another day of shitcoin scammer Micgoossen's lies and dipshittery.  Here's what's actually occurring in that picture.  First of all, "shells" aren't money - they do not have the qualifying traits, and they were never ubiquitously used as such either, so it's stupid to even include them in the chart.  They're not fungible, they're not durable, etc, etc.  The instances of people attempting to use things like rice as money were probably ENORMOUSLY higher than anyone ever using 'shells', but shitcoin scammer idiots like Nick Szabo INSIST on using 'shells' as an example to make it SEEM like anything can qualify as money when it's not the case.

Out of your personal example of "shells", gold, and gold coins, all three are used as both a transactional unit (currency) and a settlement system (money) at the same time.  In the case of the latter three: notes, bank accounts, and Bitcoin, those are all solely transactional units (currency) and NOT settlement systems (money).  It's a complete apples vs oranges comparison.  No form of settlement has EVER taken place in all of history without a real world object being exchanged because digital 1's and 0's are completely useless to humans.  A real world object must be transferred at some point for settlement to occur.
becoin
Legendary
*
Offline Offline

Activity: 3415
Merit: 1215



View Profile
September 14, 2019, 08:14:18 AM
Merited by VB1001 (1)

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:16:45 AM

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons. Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.  

The only way the price of Bitcoin can be $100k while only having a $6k cost of production is if mining is a completely centralized monopoly, which you tards are hesitant to admit that's what your banking on because it would mean Bitcoin is a complete scam of zero value.  And good job VB1001 for meritting becoin's idiotic answer.  Typical shitcoin scammer lies and buffoonery on display 24/7 in this thread.
becoin
Legendary
*
Offline Offline

Activity: 3415
Merit: 1215



View Profile
September 14, 2019, 08:22:55 AM

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons.  Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.

Nobody can force anyone to use Bitcoin to extract seigniorage fee. People are doing it voluntarily because fucking military or nuclear weapons are useless against Bitcoin!
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:26:51 AM

Like I said before:

The only way the price of Bitcoin can be $100k while only having a $6k cost of production is if mining is a completely centralized monopoly, which you tards are hesitant to admit that's what your banking on because it would mean Bitcoin is a complete scam of zero value.

So fucking tired of you jackass scammers.
mindrust
Legendary
*
Online Online

Activity: 2786
Merit: 2260



View Profile
September 14, 2019, 08:27:02 AM
Last edit: September 14, 2019, 08:41:38 AM by mindrust
Merited by JayJuanGee (1)

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!


He has a point. I normally don't respond to roach posts but since you quoted him... and I see he has a point... I'll explain.

$100k is not where bitcoin will be stable.

It will go to $100k from $3k, just like it went to $20k from $300. How many days did bitcoin stay at $20k? 1? 2?

$100k will be similar. (I keep saying $100k but maybe it will be $80k. Nobody knows) Only a handful of people will he able to sell from the new ATH. Most will be paralyzed while looking at their monitors. Some will expect it to go higher, some will sell below the ATH. Some will sell a lot there and curse themselves for not holding longer. Some will sell so little at the ATH and curse themselves for not selling more after the bubble pops. Some will just hodl through (that's me)

We all think we'll do the right thing this time but it keeps happening over and over again and we still fail. (I do at least, not completely thanks to my DCA strategy)

How many of you went all in when it was 3.1k-4k range? It happened just months ago.

Find yourself a strategy similar to JJG's and you won't be missing much. I am pretty sure you'll get more profits if plan yourself a selling strategy just like when you were buying.

Tldr; it may go to $100k but if $100k will be where it tops, it won't stay there. Most likely to go back to somehwere between 25-40k later on.
mindrust
Legendary
*
Online Online

Activity: 2786
Merit: 2260



View Profile
September 14, 2019, 08:32:19 AM

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:33:57 AM

He has a point. I normally don't respond to roach posts but since you quoted him... and I see he has a point... I'll explain.

$100k is not where bitcoin will be stable.

It will go to $100k from $3k, just like it went to $20k from $300. How many days did bitcoin stay at $20k? 1? 2?

LOL.  It's called a Bitfinex criminal fraud pump and dump scam using Tethers and cooking the books Enron accounting.  You're trying to pretend Bitcoin just magically went to $20k in a natural manner when everyone and their mom knows that is not the case.  Now you're claiming it's inevitable another giant, Bitfinex Tether fraud occurs to send it to $100k.  

I'll tell you, it's simply fucking amazing Giancarlo and the rest of these scammer fags at Bitfinex that literally steal customer deposits are not in prison yet, so hell if I know, maybe Bitfinex fraud is a front for the govt manipulating the price upwards because they want you to use cashless society slavery system tokens where you cattle are tracked and monitored in real-time instead of using physical metals.  That's the only explanation I have for why nobody at Bitfinex is in jail.
becoin
Legendary
*
Offline Offline

Activity: 3415
Merit: 1215



View Profile
September 14, 2019, 08:43:58 AM
Merited by JayJuanGee (1)

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).
mindrust
Legendary
*
Online Online

Activity: 2786
Merit: 2260



View Profile
September 14, 2019, 08:46:07 AM

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).

I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions.
Negotiation
Full Member
***
Offline Offline

Activity: 588
Merit: 100


Slow and steady wins the race


View Profile
September 14, 2019, 08:46:18 AM

Give it some time and you'll learn who's a cunt and who's not. Read your local board on bitcointalk, but don't trust them till you're sure.
Despite being Italian, fillippone is not a total cunt. Read his beginner's guide. No short cuts, read it all
these 3 are honest social media types
https://twitter.com/lopp
https://twitter.com/brian_trollz
https://twitter.com/MrHodl
they have enough knowledge and acumen to keep newbies going for a long time.
Thanks @Last of the V8s carefully read and follow everything all over help for learn.
becoin
Legendary
*
Offline Offline

Activity: 3415
Merit: 1215



View Profile
September 14, 2019, 08:58:57 AM

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).

I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions.

I have already explained why.
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 09:04:56 AM

Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

You have no idea whatsoever how Lightning Network works if you think that's the case.  It's 100% useless because the only manner in which it can function in the real world (when on-chain transactions are prohibitively expensive) is each user only having a single channel open to a well-connected bank who routes all their transactions.  You cannot afford to open a channel to every person in the world you *potentially* might need to send money to, nor can you fund each of those channels with proper liquidity because channel liquidity is not fungible with one another to make larger purchases.  

It will just be you connected to a bank in a permissioned ledger.  100% fucking useless:



Cryptotourist
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 755


Homo Sapiens Bitcoinerthalensis


View Profile
September 14, 2019, 09:05:49 AM

Tell me r0ach, why are you constantly trying to scam us into PM's, whilst trying to scam us out of BTC?
Impressive. I mean your shill narrative - is scam you all the way. Biggest scammer I've seen anyways.

#

~
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

I'd love to hear why if you don't mind.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2522


<<CypherPunkCat>>


View Profile WWW
September 14, 2019, 09:07:15 AM

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).

I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions.

I have already explained why.
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

Exact was a cumulative of circumstances that coincided with the fork BCH, SegWit, CME futures, FOMO
mindrust
Legendary
*
Online Online

Activity: 2786
Merit: 2260



View Profile
September 14, 2019, 09:10:43 AM

Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).

I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions.

I have already explained why.
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

Exact was a cumulative of circumstances that coincided with the fork BCH, SegWit, CME futures, FOMO

Exactly I kinda feel like becoin's view on this matter is very one-dimensional. It was a series of events all happening at once.

There wasn't any segwit adoption > high fees
No LN > high fees (we don't know how much LN helps right now though)
High demand > naturally high fees
Bad miners > high fees
No batching from the exchanges > yep you guessed right.

You can't explain it that simple by saying it was all Roger. Nope, it wasn't that simple.
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 09:12:29 AM

trying to scam us into PM's, whilst trying to scam us out of BTC?

All man-made currencies are scams, while real world, physical commodities are not, as I've already explained:

All man-made monetary units (aka currencies) are artificial, Keynesian scams whose 'value' is brief and transitory.  The value of every currency that's ever existed starts at a value of zero and always returns there - every single one.  In other words, it's a game of hot potato or musical chairs where the act of using them at all can be considered nothing more than knowingly signing up to defraud other humans on purpose.

Why knowingly become a party to fraud by using currencies such as the US dollar, Bitcoin, or Chuck E Cheese tokens when you don't have to and can use actual physical commodity money instead like silver, gold, and copper that doesn't have this issue?  Currencies are valueless; always have been, always will be.  Their 'value' is not derived from usefulness, only how many people you can attempt to scam into taking it before it's value inevitably implodes like every other currency.  It's impossible not to be a party to fraud while using ANYTHING classified as a currency instead of physical commodity money.  

Promoting a world where everyone attempts to commit fraud by using currencies instead of money is the same thing as promoting a world where everyone should be able to freely kill one another.
becoin
Legendary
*
Offline Offline

Activity: 3415
Merit: 1215



View Profile
September 14, 2019, 09:16:42 AM

Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

You have no idea whatsoever how Lightning Network works if you think that's the case.  It's 100% useless because the only manner in which it can function in the real world (when on-chain transactions are prohibitively expensive) is each user only having a single channel open to a well-connected bank who routes all their transactions.  You cannot afford to open a channel to every person in the world you *potentially* might need to send money to, nor can you fund each of those channels with proper liquidity because channel liquidity is not fungible with one another to make larger purchases.  

It will just be you connected to a bank in a permissioned ledger.  100% fucking useless:





I know how LN works as I'm using it. You don't because you don't use it.

You don't have to open a channel to every person in the world you *potentially* might need! Most people would need 5-6 channels opened where they make payments on regular basis.
Pages: « 1 ... 24779 24780 24781 24782 24783 24784 24785 24786 24787 24788 24789 24790 24791 24792 24793 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 24809 24810 24811 24812 24813 24814 24815 24816 24817 24818 24819 24820 24821 24822 24823 24824 24825 24826 24827 24828 [24829] 24830 24831 24832 24833 24834 24835 24836 24837 24838 24839 24840 24841 24842 24843 24844 24845 24846 24847 24848 24849 24850 24851 24852 24853 24854 24855 24856 24857 24858 24859 24860 24861 24862 24863 24864 24865 24866 24867 24868 24869 24870 24871 24872 24873 24874 24875 24876 24877 24878 24879 ... 31863 »
  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!