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

[a7mos]

is crypto  done?? 

Why did you say that ? Is it because of 10 dollar dropping in the price ??
We have seen much more drops before with higher amounts

[PoolMinor]

You are losing money everyday if you are holding fiat. Price of bitcoin remains constant ( 1BTC = 1BTC) only its relation to the inflationary fiat changes.

Not just in relation to 'inflationary fiat' but also in relation to goods & services. There's more inflation in Bitcoin right now.

The price dropped by $10 since the beginning of this conference.

There we are again with the price.
It my understanding that the "price" that we established currently is far undervalued if more of the public understood what the blockchain represents. The BTC reward is used to secure the chain of transactions; what are in those transactions is by far the most under utilized feature of this "payment system."

Edit:
https://en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29

Thanks keewee.

[Norway]

Gavin forking the Scaling Bitcoin Conference. Epic!

EDIT: This happened in the hallway, right in the middle of one of the speeches in the main seminar room. The MC ran around and tried to get Gavin and the others to come back to the others. Watch the video on youtube!
https://www.youtube.com/watch?v=TgjrS-BPWDQ&feature=youtu.be
(Starting at 2:43:50)

[ChartBuddy]

Coin
Explanation

[Fatman3001]

You are losing money everyday if you are holding fiat. Price of bitcoin remains constant ( 1BTC = 1BTC) only its relation to the inflationary fiat changes.

Not just in relation to 'inflationary fiat' but also in relation to goods & services. There's more inflation in Bitcoin right now.

The price dropped by $10 since the beginning of this conference.

There we are again with the price.
It my understanding that the "price" that we established currently is far undervalued if more of the public understood what the blockchain represents. The BTC reward is used to secure the chain of transactions; what are in those transactions is by far the most under utilized feature of this "payment system."

Edit:
https://en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29

Thanks keewee.

You're welcome to hum for yourself about how "the price in fiat doesn't matter" whenever it drops, but you can't expect the rest of us to join in on the tune.

My magic internet tokens have ball ache.

[PoolMinor]

You are losing money everyday if you are holding fiat. Price of bitcoin remains constant ( 1BTC = 1BTC) only its relation to the inflationary fiat changes.

Not just in relation to 'inflationary fiat' but also in relation to goods & services. There's more inflation in Bitcoin right now.

The price dropped by $10 since the beginning of this conference.

There we are again with the price.
It my understanding that the "price" that we established currently is far undervalued if more of the public understood what the blockchain represents. The BTC reward is used to secure the chain of transactions; what are in those transactions is by far the most under utilized feature of this "payment system."

Edit:
https://en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29

Thanks keewee.

You're welcome to hum for yourself about how "the price in fiat doesn't matter" whenever it drops, but you can't expect the rest of us to join in on the tune.

My magic internet tokens have ball ache.

My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat, the value has not changed)

[lemmyK]

Gavin forking the Scaling Bitcoin Conference. Epic!

EDIT: This happened in the hallway, right in the middle of one of the speeches in the main seminar room. The MC ran around and tried to get Gavin and the others to come back to the others. Watch the video on youtube!

the room looks like some expensive apartment in MNHT .. So interception in that apartment is so easy...

Mitnick was right... donkeys

[JorgeStolfi]

A cryptocurrency with demurrage tax would fall directly on holders, and therefore hopefully discourage hoarding.  encourage dumping.

there i fix that for you

There will not be any dumping if there was no hoarding in the first place.

(And, as I wrote, that is one of the problems that bitcoin has: so much of bitcoin's mass is hoarded, that the price could crash in a blink if even only 10% of the hoards were to be dumped.)

[Fatman3001]

You are losing money everyday if you are holding fiat. Price of bitcoin remains constant ( 1BTC = 1BTC) only its relation to the inflationary fiat changes.

Not just in relation to 'inflationary fiat' but also in relation to goods & services. There's more inflation in Bitcoin right now.

The price dropped by $10 since the beginning of this conference.

There we are again with the price.
It my understanding that the "price" that we established currently is far undervalued if more of the public understood what the blockchain represents. The BTC reward is used to secure the chain of transactions; what are in those transactions is by far the most under utilized feature of this "payment system."

Edit:
https://en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29

Thanks keewee.

You're welcome to hum for yourself about how "the price in fiat doesn't matter" whenever it drops, but you can't expect the rest of us to join in on the tune.

My magic internet tokens have ball ache.

My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

[Norway]

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

I'm buying this one

[lemmyK]

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

I'm buying this one

I have seen such in port in Phuket     ...

[Fatman3001]

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

- puny pansie boat -

I'm buying this one

Fork this, Gavin!

[BlindMayorBitcorn]

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

- puny pansie boat -

I'm buying this one
-money boat-

Fork this, Gavin!

Thank you, Gentlemen.

[PoolMinor]

My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

[Cconvert2G36]

He be chillin. Waiting to short from $3500.

Ah, a man of leisure. A day on the water is a day well spent. Bulls of 2014 can do it too.

~ Signal crackles with analog distortion. ~

Today, intrepid young capitalists discuss the merits of depreciating assets, boats and bitcoin... Here's Tom with the weather...

[noobtrader]

A cryptocurrency with demurrage tax would fall directly on holders, and therefore hopefully discourage hoarding.  encourage dumping.

there i fix that for you

There will not be any dumping if there was no hoarding in the first place.

(And, as I wrote, that is one of the problems that bitcoin has: so much of bitcoin's mass is hoarded, that the price could crash in a blink if even only 10% of the hoards were to be dumped.)

(as your scenario)

miner will get the coin and dump it, as long as there are buyer exist there is.

edit : unless you want to put one centralized entity which back up the system by  buying all coin at certain price and selling at certain price (hello paypall v2.0 ).  

[Fatman3001]

My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

I'm married. My measure of success is in fiat. Lots of it.

[BlindMayorBitcorn]

He be chillin. Waiting to short from $3500.

Ah, a man of leisure. A day on the water is a day well spent. Bulls of 2014 can do it too.

~ Signal crackles with analog distortion. ~

Today, intrepid young capitalists discuss the merits of depreciating assets, boats and bitcoin... Here's Tom with the weather...

Back in your day we still had water

[Norway]

Fork this, Gavin!

Shit, you must be hodling moar coinz than me! 

[Norway]

My eventual point, if it isn't clear, is that the price is low. If you want to cost average a lower price then buy more. But if you already understand the current price does not reflect the future price, then you have lost nothing. (unless you sell BTC for fiat the, value has not changed)

I'm sorry for lashing out, let me just put it this way:   I WANT THE FUTURE TODAY!!! I WANNA BUY A BOAT!!!!

I am aware that this discussion is clearly off-topic now, sorry readers.

---

I was until very recently very attached to the price and the loss of opportunity in selling the last of my portfolio in December 2013. And yes, I have felt the loss of ~90% of my portfolio value since then. But then I discovered the true use of this commodity, until we break the cycle of using the $, €, ¥, or £ as a measurement of success we will continue to not look past the brilliance and the reason for the supply to be limited and the transaction fees to be the most important aspect of the design. The BTC can be used over and over again from your wallet address to another of your wallet addresses, your cost of transfer is what allows for information to be stored in the blockchain (this is why you paid for BTC to make data plots on the blockchain).

I'm married. My measure of success is in fiat. Lots of it.

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