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

[lemmyK]

https://www.youtube.com/watch?v=9jK-NcRmVcw
The Final Countdown    http://www.bitcoinblockhalf.com/   Bitcoin Block Reward Halving Countdown

[foggyb]

Reward-Drop ETA:  (23 hours)

come back tomorrow folks

party starts at 9

The party of the nothing happened when everyone expected something to happen?

We gonna see no move.

The next 24 hours aren't critical

tru dat leet! Everything always gets priced in months before as I  anticipated...

Bitcoin is constantly evading predictions of death. The 'priced-in' effect depends on the company behind a certain stock performing as expected. If so many expect bitcoin to be a failure, the market can't be 'priced in.' Also, performance can sometimes be totally unexpected. Eg. Facebook.

Also, bitcoin isn't a stock. As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals market. PM's are worth more in times of economic uncertainty.

[European Central Bank]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

[JayJuanGee]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

Intrinsic may be the wrong word, yet describing bitcoin fundamentals and utility may justify the same conclusion that bitcoin is valuable as it has been created and has the ability and the potential to fill various niches in ways that are currently inadequately fulfilled.

[iram66680]

Reward-Drop ETA:  (23 hours)

come back tomorrow folks

party starts at 9

The party of the nothing happened when everyone expected something to happen?

We gonna see no move.

The next 24 hours aren't critical

My thoughts exactly.
We will all wake up tomorrow as if it is just a normal Saturday morning. Price virtually untouched!
Honey where are my Cheerios?! 

[Dotto]

Jesus loves bitcoin

[marcus_of_augustus]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

[redsn0w]

Hello from comely Bulgaria!
Tell please , how many block left til the Halvening ? I and Nika excited !

Save this website:

 - http://www.thehalvening.com/

[ProfessionalBitsurgeon]

Only 110 blocks to ne plus ultra monetary extacy, gentlemen.
Can you even believe it?

[smracer]

There is about to be a short squeeze shit storm.

[Meuh6879]

[angaper]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

But energy is just an underlying need in all things based on computational technologies, and we have just founded this critical issue a priori, so the potential value of bitcoin was never calculated based on its energy consumption.

[spacehopper]

https://www.youtube.com/watch?v=9jK-NcRmVcw
The Final Countdown    http://www.bitcoinblockhalf.com/   Bitcoin Block Reward Halving Countdown

Bitcoinity's showing the number of blocks until the halving too. It wasn't showing earlier today, but now it's in a prominent place above the charts (which show a healthy price rise as we approach the moment we've been waiting for).

[orpington]

all roads lead to 666.66 haha

[marcus_of_augustus]

yous girls ready to party?

[numismatist]

Jesus loves bitcoin

And the devil adores money. Not so sure about these rumors

[yefi]

Can't believe we're nearly at the second halving - just one hundred more blocks to go.

[soullyG]

98

[savetherainforest]

yous girls ready to party?

Here! ... I added a nice track to it!


And... 94!

[orpington]

93