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

[Cconvert2G36]

[sunnydeep]

Well, if you're independently wealthy or [more likely] unemployed, I guess there's no need to buy bitcoin to spend it on day-to-day stuff.
If, OTOH, you do have a job, what do you do with the $$$ you make? Flush down toilet because worthless, or?

^Another paid, JIDF, Zionazi, pro-central bank, anti-bitcoin spam account.  This is about the 6000th they created so far.  Your spam accounts are useless now that everyone knows where they originate from.

WTF is wrong with yo bro? Did my Israeli owners filthy jooz i never met bash in your teeth with their Tavors and proceed to buttrape you, while getting trashed on Manischewitz and playing with their dreidels?

*honest, i know nothing about that incident, just a hypothetical i totally made up. Jews are a decent, kind people who'd never do such a thing.
Not even if you beg.

[jbreher]

Are you mining your BTC? Because if not, it's just an extra step in the most convoluted way to buy shit: Buy BTC with USD, pay trading fee; Buy Visa card from Coinbase, pay for card; Have coinbase convert the BTC you just bought back into USD, pay merchant.

Are you starting your own corporation? Because if not, it's just an extra step in the most convoluted way to buy shit: Buy bonds with USD, pay trading fee; Buy Visa card from brokerage,snip rest of nonsense>

Or is your credit so shot that no one will give you one?

Hmm. Yeah - most people with brokerage accounts, and managing liquid assets in multiple asset classes, have credit ratings that are in the toilet </sarc> eta: a deserved buncha eyerolly smilies: 

A well balanced liquid asset portfolio is likely to contain more than just cash. A bitcoiner's liquid asset portfolio might even contain some (*gasp!*) bitcoin. What makes you think I'd need to buy bitcoin in order to fund the card to spend on a single transaction?

Well, if you're independently wealthy or [more likely] unemployed, I guess there's no need to buy bitcoin to spend it on day-to-day stuff.
If, OTOH, you do have a job, what do you do with the $$$ you make? Flush down toilet because worthless, or?

A Bitcoiner that believes in the future of Bitcoin might plausibly put the bulk of their highly liquid (i.e. cash equivalent) funds in Bitcoin rather than in cash. This way, the price appreciation that he expects for his underlying asset works to increase his liquid funds, in the time when the funds are sitting awaiting spending. Putting off the conversion to USD at the last moment is advantageous in a bull market.

But hey - if you're too damn cheap to spend $10 in order to make many many times more, that's your bidnez.

My question stands: do you or do you not buy bitcoin with fiat?

I don't recall you actually asking that question, but whatevs. Why are you so fascinated with what I do with my money? That said, I have indeed bought bitcoin. I buy some from time to time. Would seem to me to be pretty odd for me to participate in this forum if I didn't have any connection to bitcoin.

[ChartBuddy]

Coin



Explanation

[Lionidas]

And here comes the crush.. already showing 317.9 on bitfitex 

[Cconvert2G36]

[sunnydeep]

Are you mining your BTC? Because if not, it's just an extra step in the most convoluted way to buy shit: Buy BTC with USD, pay trading fee; Buy Visa card from Coinbase, pay for card; Have coinbase convert the BTC you just bought back into USD, pay merchant.

Are you starting your own corporation? Because if not, it's just an extra step in the most convoluted way to buy shit: Buy bonds with USD, pay trading fee; Buy Visa card from brokerage,snip rest of nonsense>

Or is your credit so shot that no one will give you one?

Hmm. Yeah - most people with brokerage accounts, and managing liquid assets in multiple asset classes, have credit ratings that are in the toilet </sarc> eta: a deserved buncha eyerolly smilies:  
[/quot]
Ahh. Now I understand that I'm I'm dealing with a total buffoon titan of international finance, a man of means, with substantial holding holded in a well-balanced, diversified portfolio of highly-liquid assets. The fact that every two-bit grifter I met claimed roughly the same shit is but a coincidence. We won't speak of it again.

A well balanced liquid asset portfolio is likely to contain more than just cash. A bitcoiner's liquid asset portfolio might even contain some (*gasp!*) bitcoin. What makes you think I'd need to buy bitcoin in order to fund the card to spend on a single transaction?

Well, if you're independently wealthy or [more likely] unemployed, I guess there's no need to buy bitcoin to spend it on day-to-day stuff.
If, OTOH, you do have a job, what do you do with the $$$ you make? Flush down toilet because worthless, or?

A Bitcoiner that believes in the future of Bitcoin might plausibly put the bulk of their highly liquid (i.e. cash equivalent) funds in Bitcoin rather than in cash. This way, the price appreciation that he expects for his underlying asset works to increase his liquid funds, in the time when the funds are sitting awaiting spending. Putting off the conversion to USD at the last moment is advantageous in a bull market.

But hey - if you're too damn cheap to spend $10 in order to make many many times more, that's your bidnez.

My question stands: do you or do you not buy bitcoin with fiat?

I don't recall you actually asking that question, but whatevs. Why are you so fascinated with what I do with my money? That said, I have indeed bought bitcoin. I buy some from time to time. Would seem to me to be pretty odd for me to participate in this forum if I didn't have any connection to bitcoin.

Ahh. Now I understand that I'm I'm dealing with a total buffoon titan of international finance, a gentlemen of means, his substantial holding holded in a well-balanced, managed, and diversified portfolio of lucrative disruptive technologies and highly-liquid assetses.
The fact that every two-bit grifter I met on these fine fora told me roughly the same story is neither here nor there.
Just a coincidence.
We'll never speak of it again

Now then. You either buy BTC with money, or you do not.
If you do, you're being an idiot. Not just because you're 'investing' in a collapsing ponzi, but because you're supporting Visa and Coinbase instead of letting Visa LEND YOU MONEY FOR FREE, AT 0.0000%.

...aaand can I get another 'stupid' for good measure?

Have another one. On the house.

[ChartBuddy]

Coin



Explanation

[chesthing]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.

[DaRude]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.

Maybe same people who've been buying them for past few years 

[chesthing]

It just keeps falling and falling

Welcome to bitcoin, that's mostly what it does.

[chesthing]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.

Maybe same people who've been buying them for past few years 

Ah, so those who bought these coins at pennies are now buying them at $300+. Thanks Einstein, I get it now.

[marcus_of_augustus]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+?

People who need to move money around the world cheaply, or outside the banks, governments and other 3rd party controls.

[chesthing]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+?

People who need to move money around the world cheaply, or outside the banks, governments and other 3rd party controls.

Ok, so bitcoin is useful for moving money. That doesn't answer my question of how it will support the current price and absorb 3500 new coins/day for the next 8 months.

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+?

People who need to move money around the world cheaply, or outside the banks, governments and other 3rd party controls.

Ok, so bitcoin is useful for moving money. That doesn't answer my question of how it will support the current price and absorb 3500 new coins/day for the next 8 months.

your neurons don't do connections that easily do they?

[chesthing]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+?

People who need to move money around the world cheaply, or outside the banks, governments and other 3rd party controls.

Ok, so bitcoin is useful for moving money. That doesn't answer my question of how it will support the current price and absorb 3500 new coins/day for the next 8 months.

your neurons don't do connections that easily do they?

No, you need to help me. What's different from the entire year price at $230 avg and now?
If you say the halving, which is 8 months away, you need a kick in the balls for being so stupid. It's too far away.

[marcus_of_augustus]

No, you need to help me. What's different from the entire year price at $230 avg and now?

... about $90?

 20k or more TX per day and probably a few million more users and HODLers ... duh, it's the network effect stupid. Bitcoin has insane monetary inflation and yet the price keeps going up year-on-year, do the math you dimwit.

[chesthing]

No, you need to help me. What's different from the entire year price at $230 avg and now?

... about $90?

 20k or more TX per day and probably a few million more users and HODLers ... duh, it's the network effect stupid. Bitcoin has insane monetary inflation and yet the price keeps going up year-on-year, do the math you dimwit.

According to my math, it's gone down HUGE over the last 2 years. Dimwit.

[DaRude]

3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.

Maybe same people who've been buying them for past few years 

Ah, so those who bought these coins at pennies are now buying them at $300+. Thanks Einstein, I get it now.

BTC didn't cost pennies for over few years now. How often do you experience this time loss?? Perhaps a visit to a doc is in order?