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

[Dabs]

Scenario:
Apocalypse happens, but the worldwide internet still works.
But you and your family find yourself starving for food, about to die.
You have 10- 1oz. gold coins. gold plated bullets and a single stack 1911.

You get free food, probably without firing any shots, until the silver plated axe guy. ...

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[JamStrong]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)
http://imgur.com/a/Jdj5X

[savetherainforest]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)

Go away sh!ll... crawl back into your cave! Move!!! Don't stay in our way or the train will knock you down!!!    

[JamStrong]

We're retesting the bear flag that has been forming for the last few days. A lot of sell orders around $2800 though (some resistance most likely)
http://imgur.com/a/Jdj5X

https://i.imgur.com/jpENTL5.gif



Go away sh!ll... crawl back into your cave! Move!!! Don't stay in our way or the train will knock you down!!!   

Yes, I'm a shill of bitcoin. The name of this thread is Wall Observer BTC/USD - Bitcoin price movement tracking & discussion by the way.

[Elwar]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

[JamStrong]

I easily won my bet of btc passing 2k by the beginning of March. Now I'm setting up another side bet with the same person on the over under of btc hitting 3k by the end of this month. I have to choose this time because he took the under on the last bet. I'm torn because I'm thinking the under but I would prefer to lose the bet and haveit surpass 3k by end of June

It will go over 3k ... but I would advise the other person to stop betting against going down, because its going up! And you should know that everything under $5k is a dip till the end of this year!

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FjpENTL5.gif&t=577&c=EahcaBfS1C5h8g

[Kanapka]

It's because the noble metals are the most suitable thing for use as money on earth

Scenario:
Apocalypse happens, but the worldwide internet still works.

It is happening in some countries, like Venezuela, some places in Africa and Middle east etc...

Maybe you'll have your personal apocalypse too.

[savetherainforest]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

[bones261]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

Don't be so sure. The beginning of civilization happened soon after the last ice age.

[Paashaas]

Another weekend pump incomming, we will hit $3000 within one week 

[sidhujag]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

Your a nomad at heart.. thats cool. But with family it gets hard. Imo wherever you are there are pockets of sanity if you have currency that people will accept. So bitcoin will be an out either way.

[savetherainforest]

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

Don't be so sure. The beginning of civilization happened soon after the last ice age.

Yep... I like the cold! It encourages ideas and productivity in harsh conditions!

[BlindMayorBitcorn]

well this is a question that is made many many times...
any actual news for this small dump?

They call it the Flippening I believe. Imagine the Heaven's Gate cult from the 80's, only with cryptocurrency.

Not even kidding...

[savetherainforest]

Not even kidding...

MAKE IT SNOW!!!

[DieJohnny]

I hope all of you have realized that most everyone in the bitcoin community is completely wrong about this scaling nonsense. This six month bull run in the face of a scaling nightmare only proves how meaningless scalability is to Bitcoin. Anyone that says that the lost percentage of crypto market cap proves Bitcoin is hurt is making something up out of thin air. Look at Bitcoin's chart for the last two years and tell me how it could possibly be any MORE bullish. Bitcoin is on every trend line for 7 years and is just chugging along to $30k without even caring about scalability...

so the question is why.

The reason is because bitcoin is simply the world's premier store of value and silly little transaction fees mean nothing to people diversifying their portfolio. I bought $15k in Amazon stock last year and paid a stupid high broker fee to do it. I didn't even blink an eye.

[savetherainforest]

I hope all of you have realized that most everyone in the bitcoin community is completely wrong about this scaling nonsense. This six month bull run in the face of a scaling nightmare only proves how meaningless scalability is to Bitcoin. Anyone that says that the lost percentage of crypto market cap proves Bitcoin is hurt is making something up out of thin air. Look at Bitcoin's chart for the last two years and tell me how it could possibly be any MORE bullish. Bitcoin is on every trend line for 7 years and is just chugging along to $30k without even caring about scalability...

so the question is why.

The reason is because bitcoin is simply the world's premier store of value and silly little transaction fees mean nothing to people diversifying their portfolio. I bought $15k in Amazon stock last year and paid a stupid high broker fee to do it. I didn't even blink an eye.

Your inner jew is missing...

[BlindMayorBitcorn]

^^The master race up in here. 

[r0ach]

Scenario:
Apocalypse happens,

So tired of people claiming gold and silver are only useful during a zombie apocalypse.  The last time I checked, the percent of time metals are used as money is about 4 billion times higher on normal afternoons than mad max scenarios.  As for why everything except silver and gold are trash:

The real question is, why would anyone use such a thing over gold and silver?  It's blatantly obvious no cryptocurrency is an actual store of value.  How could such a thing be that doesn't even exist in the first place?  That's why it has the word "currency" in the name cryptocurrency and not "money".  All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains.  Since money is a zero sum game, allowing anyone to pretend to be god and act as a central banker issuing currency for profit is a master and slave dynamic.  Hence anyone not using gold and silver is a slave.

Bitcoin kind of tricked people into thinking it replicated those dynamics of gold and silver, but in reality it's designed to centralize into a rent seeking usury system controlled by mining cartels, and those are the new central bankers.  So the fact still remains, anyone not using gold and silver is a slave.

[r0ach]

^^The master race up in here. 

Not yet, but soon.

[r0ach]

UASF forkers have zero ground to stand on IMO and is really nothing more than a Sybil attack in practice:

UASF activation would prove in practice that full nodes have power over rogue miners again, and thus the latter can no longer hamper or otherwise hinder Bitcoin development as they have been successfully doing for the last few years. The BIP148 proposal means activation of SegWit without miners' prior consent (or even despite their resistance)

Basically, miners are told to pack their things and go home if they disagree (provided this proposal gets accepted, of course)

Nothing you're saying makes any sense because if you believe there are "rogue miners" or a mining cartel who centrally controls the network, there's obviously no Nash equilibrium and bitcoin has no value in the first place.  One does not simply remove power from the miners without also proclaiming bitcoin a failure at the same time.  You're also claiming a centralized development team should have full control over the chain as well and that the economic incentives that are supposed to make bitcoin work don't work.