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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404389 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.)
Biodom
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September 16, 2020, 04:33:22 PM

Quote from: satoshi
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

If people would understand this very simple mechanism I am sure there will be a massive FOMO.

The confirmed science and math that Satoshi didn't understand has to do with how poorly this system functions as a currency. We tried it for a few years. It doesn't work. It's only a bad speculative vehicle, which now people realize and have been dumping for 4 years. The project failed. Neat idea, but fractional reserve banking is clearly better based on all proven and confirmed science and math. I'm glad Satoshi tried this out, but now we know it doesn't work and we can go back to the way things are proven to work best.

I am afraid there are not nearly enough people here realizing the magnitude of this current round of Proudhon posting.  I mean... if you just look at his history of calling tops and bottoms... it's pretty much confirmed.  By science. And all of the sources.  And you all think I am joking.  But I am actually dead serious.  Confirmed.

You guys do know what this means is about to happen, right?

moonshot 14k by oct 1

and ath soon after.


I thought about this a lot. And i am pretty sure that is going to happen.

I trust this prediction, @philipma1957
..so that segwit wasn't the end of btc, after all Wink

My take: short term traders will push btc up 40-50% pretty soon with a plan to then switch over to 'another coin' and ride the up wave another 50%. I don't particularly care about this strategy...staying put, but the outlined scenario would likely to happen (either fully or to a degree).
julian071
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September 16, 2020, 04:37:14 PM

Oe Proudhon posting, super bullish!!

Question; has anyone ever had Bittrex not crediting coins to you after a trade? They seem to have misplaced .21 BTC of mine and it's a total hassle getting them to admit to that. I also found it peculiar that "coins not credited" is one of the standard subjects you can apply to a support ticket...
Biodom
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September 16, 2020, 04:39:38 PM

Oe Proudhon posting, super bullish!!

Question; has anyone ever had Bittrex not crediting coins to you after a trade? They seem to have misplaced .21 BTC of mine and it's a total hassle getting them to admit to that. I also found it peculiar that "coins not credited" is one of the standard subjects you can apply to a support ticket...

happened in coinbase pro...had to send multiple emails to straighten it out.
El duderino_
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September 16, 2020, 04:42:07 PM

Dildo dildo dildo

#fewUNDERSTANDthis
philipma1957
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September 16, 2020, 04:45:27 PM

Oe Proudhon posting, super bullish!!

Question; has anyone ever had Bittrex not crediting coins to you after a trade? They seem to have misplaced .21 BTC of mine and it's a total hassle getting them to admit to that. I also found it peculiar that "coins not credited" is one of the standard subjects you can apply to a support ticket...

happened in coinbase pro...had to send multiple emails to straighten it out.

coinbase and bittrex have both done it to me.
they fixed the mistakes in 24-36 hours.


and coinbase once sent my bank 2 x 3000 dollar withdrawals vs 1

they took about 30 hours to fix it.

@ biodom

segwit and ln networks are not killing btc at the moment

not a fan of them as they don’t truly solve scaling issues.

time will tell if they will work as intended
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September 16, 2020, 04:49:38 PM
Merited by JayJuanGee (1)

Dildo dildo dildo

#fewUNDERSTANDthis


+1 WOsMerit



------


Indymoney
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September 16, 2020, 04:55:55 PM

Dildo dildo dildo

#fewUNDERSTANDthis
No all 18+ here so can understand this. Wink Cheesy
Last of the V8s
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Be a bank


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September 16, 2020, 04:59:41 PM
Merited by nullius (1)

In this moment I am ithyphallic.
Biodom
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September 16, 2020, 05:00:50 PM
Merited by OROBTC (1)

News in btc:

https://twitter.com/msantoriESQ/status/1306236234675740672

Quote
@Krakenfx
 just won approval to create America’s first crypto bank.
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September 16, 2020, 05:12:32 PM





boxes



#dyor
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September 16, 2020, 05:18:54 PM
Merited by d_eddie (1)

Seasonal moments.
Many opportunities.
Bitcoin’s forever.


nullius
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September 16, 2020, 05:19:51 PM
Merited by philipma1957 (2), vapourminer (1), OROBTC (1), infofront (1)

What ever happened to goldy man, I would mention the name but we don't need that beetlejuice shit happening.

After nearly 7 years silver finally doubled and gold up 50%.

As a Bitcoiner who has also always been a goldbug at heart, I never understood why some Bitcoiners feel a need to bash gold.  It is understandable that some goldbugs may be reasonably (i.e., unlike r0ach) skeptical about Bitcoin, given that gold has a millennia-long proved record, and will survive the demise of yet another civilization (= no electricity, no Internet, no billion-dollar fabs making chips...); Bitcoin is a radical leap into uncharted territory, not the comfortable, conservative, non-risky (except for risk of theft, especially government seizures) asset.  But why is there any Bitcoiner antipathy toward gold?

I see the two as complementary.  Each has valuable properties that the other lacks.

For those looking for a store of value and not a get-rich-quick Ponzi, who cares if gold is “only” up 50% in 7 years?  That is not the point.  In a finite universe, no asset can infinitely increase in value forever.  In a high-entropy world, the greater problem is to keep value.  Gold will do that.  Indeed, gold and its lesser brethren in the precious metals asset class are the only non-immovable, major market assets which are guaranteed to never go to zero.

Gold is the supreme hedge against the total collapse of all industry and technology.  It is an asset that will assuredly retain its value a thousand years from now, or in ten thousand years, or longer—if humans still exist.  Civilizations come and go; gold stays valuable.  Are you really a long-term thinker?  Buy gold.  Take delivery.  And have heirs.

Whereas gold is just not very useful in the present.  Not in the daily “I need to buy and sell things” sense.  Maybe it could be, if society were different—but then, this whole discussion would be otiose.  If society were different, then children would obey their parents, marriage would not be a sham, governments in so-called “free” countries would not be extractive gangs of armed robbers and mass-murderers, people would ordinarily use gold as money...  What was I saying?

With considerable effort, but much less effort than would be necessary with gold, I obtained Bitcoin with total anonymity.  I can and do send bitcoins around the world at the press of a button, and receive bitcoins from anyone, anywhere just as easily.  Bitcoin is incomparably more portable than gold, more divisible than gold (unless you have the facilities to melt and reform a metal with a high melting point), and, all things considered, so very much easier to secure (if you know what you are doing).

Bitcoin makes life better today, and promises to make life even better tomorrow.  Therefore, people want it—therefore, it is valuable.  I could explain further, but that would be preaching to the choir here...

The two are so different, and both valuable—why not have both?



P.S., characterizing r0ach as “goldy man” is like characterizing a “WHEN MOON???” Ponzi-loving get-rich-quick forum sigspammer as “Bitcoin man”.  Picking the worst, lowest-credibility person purportedly connected with something as a representative of that thing is a pretty good broadbrush smear tactic—often used against Bitcoin, too.

P.P.S., in a matter with real impact on my life and the lives of others here:

Go, Bitcoin, go!
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September 16, 2020, 05:37:28 PM

It's over 11k!  Cool
LOTS of resistance around $11.100, tho. We might go over $11k over and over again.
Last of the V8s
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September 16, 2020, 05:43:10 PM

some stamptard wants to get rid of his coins for next to nothing  Roll Eyes

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September 16, 2020, 05:46:08 PM
Merited by OROBTC (1)


America is an empire in decline, china's goal is to retake that position.

As it happend in the past everytime when there is a new transition it will lead to major conflict.

Tensions are already rising. Enjoy the show.


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September 16, 2020, 05:49:25 PM
Merited by xhomerx10 (1)






I doubt Bob appreciates you posting a picture of him doing his metal plates ritual for all to see...
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September 16, 2020, 05:51:21 PM

Quote from: satoshi
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

If people would understand this very simple mechanism I am sure there will be a massive FOMO.

The confirmed science and math that Satoshi didn't understand has to do with how poorly this system functions as a currency. We tried it for a few years. It doesn't work. It's only a bad speculative vehicle, which now people realize and have been dumping for 4 years. The project failed. Neat idea, but fractional reserve banking is clearly better based on all proven and confirmed science and math. I'm glad Satoshi tried this out, but now we know it doesn't work and we can go back to the way things are proven to work best.

I am afraid there are not nearly enough people here realizing the magnitude of this current round of Proudhon posting.  I mean... if you just look at his history of calling tops and bottoms... it's pretty much confirmed.  By science. And all of the sources.  And you all think I am joking.  But I am actually dead serious.  Confirmed.

You guys do know what this means is about to happen, right?

The best contra indicator out there.
Keep posting Proudhon even if you are on my ignore list.
El duderino_
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September 16, 2020, 05:53:09 PM
Merited by Hueristic (1), JayJuanGee (1), OROBTC (1)

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21
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September 16, 2020, 05:57:26 PM

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.
El duderino_
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September 16, 2020, 05:58:17 PM

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.

Then it would happen very fast
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