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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21337200 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. (104 posts by 20 users deleted.)
brg444
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April 02, 2015, 06:20:34 PM

Speaking of Ripple.

I present : the Ripple death blow, running on the only blockchain that matters.

https://aligncommerce.com/

A Pantera portfolio company...

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April 02, 2015, 06:21:21 PM

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).




Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.
The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Let's break down each claim:

- "distributed ledger system to move fiat currencies instantly": sort of true, although it's not "distributed" right now and it's not clear that the consensus mechanism will actually work if it's actually distributed

- "for cheap": true

- "kinda like bitcoin but without the drama": I'm not sure how pushing Jed out of the company w/ the Wells Fargo situation, and his Yoko Ono-type situation isn't drama

- "the volatiliy" [sic] false

- "the 0 consumer protection irreversibility" false

- "the POW" true

- "The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example)..." true

- "...anybody wanting to use the ripple network can give 0 fucks about XRP and its price." false, because Ripple Labs runs 100% of the basic infrastructure, and their main business model concerns XRP appreciating in price.

In conclusion fuck your Ripple bullshit, and telling people emphatically like a douche to not focus on the tokens, when Ripple is completely about the founders enriching themselves with the tokens.
-It's distributed, I think what you mean is "100% decentralized" Apparently it's not that yet, but doesn't really matter that much. Only to bitcoiners that think that "100% decentralized" is always preferable and more efficient.
-It's not drama for people wanting to use the protocol and not XRP, for people holding XRP, yeah probably it's drama.
-There is no volatiliy because you are dealing with fiat currencies. Unless you touch XRP, but that is not necessary.
-Why false about "the irreversibiliy consumer protection?". Gateways (that can be banks) are the asset custodians, there is reversebility possible and consumer protection, in Bitcoin there is none.
-Pretty sure some RL members have said that it is possible XRP will never really rise in value. Anybody can use the protocol and build on top of it if RL disappeared tomorrow.


Dude, calm down, I don't necessary think ripple is the future of anything, I just like the direction technologies like it are going for. That's it.
I think the future of crypto will be something more similar to what ripple is doing (using the distributed ledgers/databases instead of the cryptocurrencies), if Ripple Labs and ripple implode tomorrow I don't even give a shit.

I'm just observing the crypto space.
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April 02, 2015, 06:23:48 PM

Democracy is an oxymoron. Demo-cracy mean power of people, but power over whom? Over themselves? It makes no sense, like horse riding on itself.
In reality it's state having power over people. By force and deception. Police is the force, democracy is the deception. As for relations between judges and police, it may be true, but it  doesn't matter. They are parts of single entity: the state, and this entity is your collective owner. They are ultimate owners of your money, freedom and life. They can take it from you, if they decide to.

Hi again Wary,

But how would you suggest that society should arrange itself?

No rulers!
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April 02, 2015, 06:25:58 PM

n a lot of monkeys start to yell that we are out of bear market, and in the makings of a bull market and start to buy on margin at 260~290 because we are going to the moon.

Cheesy

if I am not wrong, even you are long from 260. Cheesy


Market turns are only detectable after the fact. It's entirely possible we've been in a bull market since mid January.  I've been long since $260, but only margin long since $243 and only barely so.

We ARE going to the moon again, but we may go down first. Moon is almost inevitable when fiat supply is infinite.
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April 02, 2015, 06:28:10 PM

n a lot of monkeys start to yell that we are out of bear market, and in the makings of a bull market and start to buy on margin at 260~290 because we are going to the moon.

Cheesy

if I am not wrong, even you are long from 260. Cheesy


Market turns are only detectable after the fact. It's entirely possible we've been in a bull market since mid January.  I've been long since $260, but only margin long since $243 and only barely so.

We ARE going to the moon again, but we may go down first. Moon is almost inevitable when fiat supply is infinite.


Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?
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April 02, 2015, 06:29:07 PM

Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3

17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.  Wink
In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot.
But, I do agree. If we get past $3, it will take flight.

No it won't.  You're all getting played right now.  The long, slow slide is going to resume sooner or later.  Bitcoin will never, ever reach $32 again, ever.  Period.  The odds of it ever reaching $5 are so low it's not even worth considering the possibility.  This is just the usual blip upward before this market resumes its march to oblivion.  I'm sorry to see so many people so easily fooled, again.

Will I be able to quote tarmi like this next year Huh
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April 02, 2015, 06:30:50 PM

Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3

17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.  Wink
In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot.
But, I do agree. If we get past $3, it will take flight.

No it won't.  You're all getting played right now.  The long, slow slide is going to resume sooner or later.  Bitcoin will never, ever reach $32 again, ever.  Period.  The odds of it ever reaching $5 are so low it's not even worth considering the possibility.  This is just the usual blip upward before this market resumes its march to oblivion.  I'm sorry to see so many people so easily fooled, again.

Will I be able to quote tarmi like this next year Huh

Yes.
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April 02, 2015, 06:31:28 PM

...
We ARE going to the moon again ...

http://www.judygarlandsrubyslippers.com/pictures/judy-garlands-ruby-slippers-6.jpg
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April 02, 2015, 06:31:39 PM

Democracy is an oxymoron. Demo-cracy mean power of people, but power over whom? Over themselves? It makes no sense, like horse riding on itself.
In reality it's state having power over people. By force and deception. Police is the force, democracy is the deception. As for relations between judges and police, it may be true, but it  doesn't matter. They are parts of single entity: the state, and this entity is your collective owner. They are ultimate owners of your money, freedom and life. They can take it from you, if they decide to.

Hi again Wary,

But how would you suggest that society should arrange itself?

No rulers!





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April 02, 2015, 06:36:41 PM



Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.
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April 02, 2015, 06:39:37 PM



Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.


I am afraid you are limited by your intelligence, not your life span.

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April 02, 2015, 06:41:47 PM

The force is strong in this one:

http://its.time/apr-2-yellen-says-oh-shit-that-didnt-work-well-from-now-on-sound-money-and-no-rulers.html
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April 02, 2015, 06:48:12 PM



Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.


I am afraid you are limited by your intelligence, not your life span.



Ha. Looking forward to you squealing when the price inexplicably rises Smiley
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April 02, 2015, 06:54:43 PM



Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.


I am afraid you are limited by your intelligence, not your life span.


intelligence only affects the rate of wealth accumulation, not the duration. Fiat is being created at a faster rate than BTC which means that as long as there is ANY trade between the two, the natural price direction is up. reversals are merely temporary corrections when the price goes up too fast.
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April 02, 2015, 06:55:00 PM



triple top. double bottom.
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April 02, 2015, 06:57:11 PM



triple top. double bottom.

Interesting if they dont break it
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April 02, 2015, 06:57:50 PM

Well well well, Bitcoin money launderers!  Looks like yet another one of your fiendish ploys has fallen to The Forces of Good.

http://www.coindesk.com/coinbase-seeks-details-us-bitcoin-mining/
Quote
MegaBigPower (MBP) and Bitmain report that Coinbase has asked for detailed information regarding their mining facilities, requesting time-stamped photographs and videos of mining facilities and details about the origin of the hardware the companies operate.
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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April 02, 2015, 06:58:42 PM

Coin
Explanation
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April 02, 2015, 06:59:54 PM



Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.


I am afraid you are limited by your intelligence, not your life span.


intelligence only affects the rate of wealth accumulation, not the duration. Fiat is being created at a faster rate than BTC which means that as long as there is ANY trade between the two, the natural price direction is up. reversals are merely temporary corrections when the price goes up too fast.


if you want to put it like that ok. you will need 1000 years to accumulate as much as some millionaire in a year. so yeah, you can say you are limited by your life span, because intelligence.

if you take into consideration the total supply of coins and the daily rate of generation of new coins, you will realize that your statement about faster rate is not true.
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April 02, 2015, 07:02:00 PM

a foolish consistency is the hobgoblin of little minds
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