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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (10.7%)
8/4 - 16 (15.5%)
8/11 - 7 (6.8%)
8/18 - 5 (4.9%)
8/25 - 7 (6.8%)
After August - 56 (54.4%)
Total Voters: 103

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26460468 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.)
Toxic2040
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October 16, 2020, 09:48:44 PM

the afternoon wall report




sideways with a Sunday bump perhaps      #dyor
1h


kitteh arches back over OKx shenanigans
4h

#stronghands
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October 16, 2020, 09:55:00 PM

You want to talk politics...fine...but I am not interested in the current choice of two "pensioners".

What I am interested is:

1. Is this the decline era for the US "empire"?
2. If no...nothing. If yes, then would that decline be more like the decline of the British Empire (BE) or more like the decline and fall of Rome?
3. If like BE, then...nothing. If like the decline and fall of Rome, then we could be up for a few decades to few centuries of unpleasantness (Dark Ages II).
For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis).
Maybe something rhymes here.

What's your take?

I suspect the US will slowly decline and be superceded by China, and the effects will be similar to those experienced by Britain after its decline in the 20thC and subsequent succession by US. The British are still pretty comfortable though, in terms of per capita GDP and standard of living. So while the US might decline, it will be slow enough not to affect its citizens for a few more generations, and even then it may not be very dramatic.

Or war. Always a possibility probability guarantee over time.
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October 16, 2020, 10:18:01 PM
Last edit: October 16, 2020, 10:45:18 PM by nullius

You want to talk politics...fine...but I am not interested in the current choice of two "pensioners".

What I am interested is:

1. Is this the decline era for US "empire"?

Yes.

2. If no...nothing. If yes, then would that decline be more like the decline of the British Empire (BE) or more like the decline and fall of Rome?

I think more like the fall of Rome—except that this time, the Empire is global.  Thus per the below, I do not contemplate only the American Empire.

Results most probably will include the total destruction of all civilization and advanced knowledge, thus sending the talking monkeys back to the Stone Age—and may possibly instead cause their extinction.

N.b. that many authors who recognize this reality suffer a foreshortening of their predictions.  The historical process of this collapse will probably not happen overnight, or in a year, or even in a mere few decades.  Barring a sudden (and unpredictable) mass catastrophe, the dead remains of civilization may keep momentum even for another century or two.

I do think that the collapse is nigh inevitable, barring a drastic, radical global change that has negligible chance of actually happening.

Only a fool would claim to know in advance exactly how all of this will play out.  And to be clear, I myself am dosing with Hopium® for technological civilization to last at least a bit longer.  It may.  And none of us is prepared for otherwise.  Don’t argue with me; I obviously know what the fuck I am talking about.  99% of “prepper” stuff is, unfortunately, a self-comforting illusion.  A few people may be well enough prepared to have a small chance of long-term survival in the event of a global collapse—of the global collapse, an historically unprecedented event, the Fall of Rome raised by a few orders of magnitude.

I am not a financial analyst.  I think in historical terms.  The context that you snipped:

Every sane person has known for a very long time that the dollar must collapse someday; but trying to predict when is like trying to predict the fall of the Roman Empire when you are living in it at some undermined point between c. A.D. 300–400... or is it later than I think?



3. If like BE, then...nothing.

There, you are wrong!  The fall of the British Empire was a part of the rise of its replacement, the American Empire; and by no mere coincidence, it brought the spread of International Communism.  (Edit of draft in preview:  inb4 strawbs.  Nullian posts take too long to make.)

If this were like the fall of the British Empire, I would say that, in all likelihood, the Communist American Empire would be replaced by the Capitalist Chinese Empire (PRC is nowadays governed from the stock exchange).  That is not an improvement, and not “nothing”.

We may see a phase of Chinese global hegemony before the globalist, International de facto One World Government empire system collapses.  Maybe.  Maybe not.  As I have alluded before somewhere, I think that that may be a feint to distract from current and near-future events in Europe.

If like the decline and fall of Rome, then we could be up for a few decades to few centuries of unpleasantness (Dark Ages II).

We are already in a Dark Age.  It is thus far covered by a façade of shiny gadgets, which are brought forth by the momentum of a dead civilization.  Or better said:  Your iGoog device is a maggot feeding off the bloated corpse of civilization.

Culture is dead.  Art is dead.  Literature is dead.  Science, in the sense of objective (and apolitical) search for naturalistic truths, is dead.  All that we have remaining is technicians, who are essentially automobile mechanics with higher IQs, Ph.D. degrees from vocational schools misnamed “universities”, and accordingly bloated egos:  They fancy themselves to be “scientists”!

A Dark Age is never obvious to the chattering apes, whose blind eyes and small minds are wrapped in its tenebrous embrace.  Most people are not historical thinkers, and are incapable of attaining historical perspective.  You would need to step outside your own worldview, detach yourself from the modern Zeitgeist with all of its fantastic conceits, and see the world today as would a man from at least 150–200 years ago (better: 2000–2500 years ago).

For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis).
Maybe something rhymes here.

The fall of Rome was caused by a combination of the internal decline of the patrician class, and the plague of Christianity, a memetic virus that is tantamount to mental AIDS.

What's your take?

This—n.b. the date before Covid, when exuberant faith in ever-increasing prosperity was more fashionable:

Society cannot continue even another hundred years the way we are now.

I thought it clear, my implication was past-tense.  You are most of a hundred years out of date for the collapse of anything which could be properly called a functioning “society”.  Some might say, more than a hundred years.  The problem is that those living in a post-apocalyptic desert of downfallen, zombie-like anthropoids have already forgotten what it means to be human—what it meant, once upon a time.

By comparison, Roman society was a zombified rotting corpse for four or five centuries before the civil machine built by long-gone forebears ran out of momentum.  I can see how greater technology could have accelerated the ultimate downfall in various ways.

What’s left is to secure yourself, take care of your own, live by honour alone whereas law is meaningless, keep busy with something productive, and try to have some fun.

[...]
I believe nullius has a more optimistic view of the future than I do.  Smiley

“Optimism is cowardice.” — Spengler (writing most of a hundred years ago)
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October 16, 2020, 10:31:24 PM

The way am seeing the price of bitcoin, bitcoin can surge more than $12k before this year ends. The bull season will happen around Q3 of next year. By then the world health organization has find the vaccine of covid-19 and everything (economy) has stabilize
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October 16, 2020, 11:00:14 PM

P.S., this calls to mind an unpublished draft of a prior reply to Biodom:

For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis).
Maybe something rhymes here.

The fall of Rome was caused by a combination of the internal decline of the patrician class, and the plague of Christianity, a memetic virus that is tantamount to mental AIDS.

In the Late Roman Empire, just as today, the only significant number of people who believed that Rome could ever collapse were Christian fanatics—who were factually certain that Jesus was coming for them Any Day Now™.

Vide the modern plague of evangelicals who want to tell you all about the Rapture, et cetera, ad nauseam.  Happening Really Soon™.

"Turning and turning in the widening gyre [...]"

Is this a cingularity, collapse, or something altogether different?
Not a good vibe.

Yeats was grasping for mysticism at a time when the world was in chaos, and his wife had just almost died of the flu.  Global pandemic flu with high lethality, which cut through populations of young, healthy people like a scythe felling wheat.  Thus, “The Second Coming”.  Any Day Now™.

(Anyway, it has already happened.  The true “Second Coming” was Karl Marx, who reformed the original second-century dogmata of the faith on a new foundation.  In the Age of Science, fairytales became unsustainable, and rather embarrassing.  The essence of Communism is a synthesis of Sermon on the Mount 2.0, Post French Revolutionary Edition, with the economic worldview of Capitalism—wherefore the Communist Bible is titled, Capital.)

The so-called “Singularity” is a religious eschatology for irrational fanatics who have swapped faith in gods for faith in technocracy.  They want a god from a machine, a literal deus ex machina to save them from their own follies.



Dear Talking Monkeys:

Please get it through your thick primate skulls that you are alone in the universe, you are all going to die, there is no life beyond this world, and nothing whatsoever will remain of you if you do not safeguard your posterity.

Thank you.

Sincerely,

nobody, nowhere, of nothing
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October 17, 2020, 12:29:29 AM

nullius
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October 17, 2020, 12:45:58 AM

[Vandals]

Something made the Romans so weak that they could suffer external conquests which, in better times, they could have resisted.  Moreover, something so debased the Romans that they allied themselves with various barbaric (= ‘foreign’) tribes who were essentially their enemies—to the point of becoming militarily dependent on the very same people as from whom they desperately needed military protection.  The Late Western Empire was essentially a story of a weak Rome clinging to treaties with Goths, Huns, Vandals...

That something then spread from the conquered to infect the healthier conquerors.



Meanwhile, the downfallen (replacements of the) Roman upper classes had stopped caring.  Jesus was coming any day, now; so of what import were mere worldly events?  Repeated invasions only proved that the Apocalypse was nigh.
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October 17, 2020, 01:16:13 AM
Merited by strawbs (1)

there is no life beyond this world

That may or may not be true. I am leading my life on the assumption or possibility that there may be. If there isn't any, then I'd have lost nothing and lived a good life. It's my fire extinguisher.
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what is this "brake pedal" you speak of?


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October 17, 2020, 01:28:51 AM

For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis) finished the Roman empire.

i thought the lead they used to line aqueducts and containers and such had some influence too. long term lead poisoning.
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October 17, 2020, 01:38:01 AM

there is no life beyond this world

That may or may not be true. I am leading my life on the assumption or possibility that there may be. If there isn't any, then I'd have lost nothing and lived a good life. It's my fire extinguisher.


The atoms which you are made of will live on until the big rip.

(At least i think that is the scientific consensus right now.)
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October 17, 2020, 01:51:20 AM
Last edit: October 17, 2020, 02:18:47 AM by JayJuanGee

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

Quote
The implementation of the Schnorr/Taproot consensus rules has been merged into Bitcoin Core. However, the upgrade's activation method has yet to be determined.

The pull request was originally created by Bitcoin Core contributor Pieter Wuille on September 13th and has gone through extensive review and testing over the past month. Over 150 developers also participated in a 7-week review club for the proposal which was led by Anthony Towns back in November of 2019.

This upgrade has been highly anticipated due to its potential to increase Bitcoin’s smart contract capabilities while simultaneously benefiting its transactional privacy.

God save us from any upgrade's activation method debate! Grin I am not ready for a segwit, no2x, big block kind of drama now. We have other things to do.  Wink

Like what?

Sit around twittling our thumbs?


 Cheesy Cheesy Cheesy

Sorry, Jay, Royal We was used there.  Grin

Oh.   Shocked  Now, the sentence makes MOAR senses.


[edited out]
Very merit’able post..... I see a big decrease in words by JJG, lot of merit in that

I am going to proclaim that I post as many words as needed.    Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


 Tongue Tongue Tongue

Price goes down, less words. That's math & science dude.

I would NOT characterize BTC prices as "going down", exactly... more like stuckity...  half way up...

If the BTC price were going down, for example, I would have some buy orders filling in recent times.

My personal evidence, which seems to be based on the BTC prices, has been that in the past month and a half, I have ONLY had one BTC buy order fill - and I had five sell orders fill..... which to me, adds up to that the BTC prices have largely been going up more than down, even though such UPpity has been a wee bit slowity.  
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October 17, 2020, 01:57:56 AM

I am leading my life on the assumption or possibility that there may be.

How can you do that if you do not know what actions in life reap rewards in afterlife?
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October 17, 2020, 02:00:29 AM

evening charts

#dyor

pressure increasing as we rub into the top(or side in this case)of the cloud
4h



upwards pressure shown by the rising tenken sen     just remember that vertical surfaces are slippery...in both directions       something to keep in mind
D



not a lot to see out there..continuation pattern extends well into November it seems
some will try and gather liquidity towards the end of the month I suppose          just weakhands trying to make themselves feel better maybe           all ahead standard
D w/doubled cloud settings

#stronghands
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October 17, 2020, 02:15:02 AM

I am leading my life on the assumption or possibility that there may be.

How can you do that if you do not know what actions in life reap rewards in afterlife?

The actions alleged by some to reap rewards in a potential afterlife are generally those which reap rewards in this life.

Summarily: don't be a dick
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October 17, 2020, 02:22:45 AM

It is sad that from all that I said, this was all that was picked out:



there is no life beyond this world

That may or may not be true. I am leading my life on the assumption or possibility that there may be. If there isn't any, then I'd have lost nothing and lived a good life. It's my fire extinguisher.

Pascal’s Wager means that Pascal was a bad gambler.

A good life—according to whom?

Having lost nothing is at best arguable, whereas some of the major religions define “goodness” in a way that is inimical to life on this Earth.  Observe the decline of the Romans—or of the modern world.



I am leading my life on the assumption or possibility that there may be.

How can you do that if you do not know what actions in life reap rewards in afterlife?

In this context, the inevitable answer must be the commandments of some god or another.

Which one?  (If any answers that he thinks the answer is obvious, then he has constructed a circular argument that uses his existing beliefs, accepted on faith, as a premise upon which to argue for his beliefs.)



The actions alleged by some to reap rewards in a potential afterlife are generally those which reap rewards in this life.

Summarily: don't be a dick

Not much of a philosopher, are you.
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October 17, 2020, 02:35:38 AM
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Quote

I did exactly that. I told no one, for fear of being thought insane. Even I thought I had gone a little crazy.

I have no regrets though, even when I was down 50% in the first few years. Worth it.

Was there a final clue or push that gave you the courage get up and do it, financially move to Bitcoinlandia?


What did you think of this:

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Toxic2040
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October 17, 2020, 03:16:12 AM

Quote

I did exactly that. I told no one, for fear of being thought insane. Even I thought I had gone a little crazy.

I have no regrets though, even when I was down 50% in the first few years. Worth it.

Was there a final clue or push that gave you the courage get up and do it, financially move to Bitcoinlandia?


What did you think of this:

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin




is there even such a thing as yuppies anymore?  that seems so nineties  Cheesy

for me personally..financial sovereignty plain and simple

have a smerit anyway for joining the party



----------


re:poll

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October 17, 2020, 04:30:18 AM
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The actions alleged by some to reap rewards in a potential afterlife are generally those which reap rewards in this life.

Summarily: don't be a dick

With things like tapeworms, childhood cancer, etc., maybe God likes dicks. Or maybe he wants only the strongest to survive, so we should kill the weakest among us.
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October 17, 2020, 04:53:19 AM

You want to talk politics...fine...but I am not interested in the current choice of two "pensioners".

What I am interested is:

1. Is this the decline era for the US "empire"?
2. If no...nothing. If yes, then would that decline be more like the decline of the British Empire (BE) or more like the decline and fall of Rome?
3. If like BE, then...nothing. If like the decline and fall of Rome, then we could be up for a few decades to few centuries of unpleasantness (Dark Ages II).
For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis).
Maybe something rhymes here.

What's your take?

I suspect the US will slowly decline and be superceded by China, and the effects will be similar to those experienced by Britain after its decline in the 20thC and subsequent succession by US. The British are still pretty comfortable though, in terms of per capita GDP and standard of living. So while the US might decline, it will be slow enough not to affect its citizens for a few more generations, and even then it may not be very dramatic.

Or war. Always a possibility probability guarantee over time.

Once a person doesn't have to think about feeding himself, he starts thinking how to free himself. Whats the point of having money but living in a dystopian society, you have all the hookers and blow in the world but can't use it cause the state is monitoring your every step. They won't be able to forcefully change the "make your money and leave" attitude, think the rich would need something less totalitarian.
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October 17, 2020, 04:54:48 AM
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Quote

Quote
is there even such a thing as yuppies anymore?  that seems so nineties  Cheesy

for me personally..financial sovereignty plain and simple

have a smerit anyway for joining the party


That article helps me understand why smart people still ain't getting it. Why Saylor breaks from the herd while Quants and Hedgies are still dragging their feet.  Why a few guys like Torque make the big move while most are Bitcoin tourists. 

Still early, expecting a long stubborn melt-up.

P2P is for peasants. /s
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