Bitcoin Forum
February 26, 2021, 04:53:30 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.8%)
Feb. 22 - 19 (15.8%)
Feb. 23 - 13 (10.8%)
Feb. 24 - 9 (7.5%)
Feb. 25 - 8 (6.7%)
Feb. 26 - 9 (7.5%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23.3%)
After March - 13 (10.8%)
Never - 7 (5.8%)
Total Voters: 120

Pages: « 1 ... 17141 17142 17143 17144 17145 17146 17147 17148 17149 17150 17151 17152 17153 17154 17155 17156 17157 17158 17159 17160 17161 17162 17163 17164 17165 17166 17167 17168 17169 17170 17171 17172 17173 17174 17175 17176 17177 17178 17179 17180 17181 17182 17183 17184 17185 17186 17187 17188 17189 17190 [17191] 17192 17193 17194 17195 17196 17197 17198 17199 17200 17201 17202 17203 17204 17205 17206 17207 17208 17209 17210 17211 17212 17213 17214 17215 17216 17217 17218 17219 17220 17221 17222 17223 17224 17225 17226 17227 17228 17229 17230 17231 17232 17233 17234 17235 17236 17237 17238 17239 17240 17241 ... 28326 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25180925 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. (157 posts by 13 users deleted.)
bitcrypto10101
Legendary
*
Offline Offline

Activity: 924
Merit: 1000



View Profile
July 15, 2017, 09:31:48 PM

Are you dumping silver for cheaper BTC rebuy ?

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.

How much BTCs you hold  ?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1614315210
Hero Member
*
Offline Offline

Posts: 1614315210

View Profile Personal Message (Offline)

Ignore
1614315210
Reply with quote  #2

1614315210
Report to moderator
Dafar
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


dafar consulting


View Profile
July 15, 2017, 09:35:58 PM

Are you dumping silver for cheaper BTC rebuy ?

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.


LMAO


Another lunatic precious metal shill like cliff high. Hilarious stuff man, haven't learned your lesson since you bought up gold with ur BTC huh
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
July 15, 2017, 09:36:49 PM

Are you dumping silver for cheaper BTC rebuy ?

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.

Another lunatic precious metal shill like cliff high. Hilarious stuff man, haven't learned your lesson since you bought up gold with ur BTC huh

Cliff High is more of a lunatic btc shill than metals shill, or just a lunatic in general.  He was telling everyone to buy cloakcoin for fucks sake.
Ludwig Von
Sr. Member
****
Offline Offline

Activity: 854
Merit: 307



View Profile
July 15, 2017, 09:45:36 PM

And yet, I am considering selling some gold for BTC.
FractalUniverse
Hero Member
*****
Offline Offline

Activity: 1017
Merit: 558



View Profile
July 15, 2017, 09:45:53 PM

cgt99> thats a nice cow Cheesy

Are you dumping silver for cheaper BTC rebuy ?

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.
and now imagine the price of bitcoin, if such  inflationary assets like metals reach $5-10k
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1107



View Profile
July 15, 2017, 09:52:24 PM

And yet, I am considering selling some gold for BTC.

Forget gold. Everybody's all in buggy whips now. Those horse-drawn contraptions are coming back in a big way. The tarnation!
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
July 15, 2017, 09:58:14 PM

and now imagine the price of bitcoin, if such  inflationary assets like metals reach $5-10k

I can tell you exactly what will happen.  First of all, the crypto market cap is currently higher than that of silver, so cryptocurrency is not some small cap item that will rise faster than anything else.
Secondly, people who have worked their entire lives to save up and then see the system melting down and their money vaporizing before their eyes are only going to be interested in the safest bet possible, and that is not cryptocurrency.  In event of crap hitting the fan, 90%+ of money taking flight is going to things like metals and then some money into other tangibles like property, cars, etc, like what happened in Venezeula/soviet union.

Shit hitting the fan is not really that beneficial to bitcoin due to the Joseph Tainter quote:

"Collapse is rapid simplification on a mass scale"

Things collapsing means bitcoin will be completely unusable rather than gaining some type of value.  The only reason a handful of people in Venezeula found any type of use in it is because they used it to buy from other nations that haven't blown up yet.  If the "west" implodes, you can't do that.
Meuh6879
Legendary
*
Offline Offline

Activity: 1512
Merit: 1010



View Profile
July 15, 2017, 11:23:07 PM

their money vaporizing before their eyes are only going to be interested in the safest bet possible, and that is not cryptocurrency.

I like you.
But you don't understand the solution of P2P network.

P2P network are solutions for flux.
Precious metal are regulate since a long time now, look what paper contract can make on this assets.

You can't regulate P2P network.
All people from earth can use this network now, with phone and EDGE connexion.

And that why, the actual value of this 21 millions bitcoins (actually, 2 100 000 000 000 000 units) is not enough to prepare/create/build a new trust & value network.

We, The People, Build a trustnet.
https://www.youtube.com/watch?v=Rrj8sjHJthU

And when people isolate saving, they use ... somes tools to evaluate the potential of the escape plan :

Mr Frog
Full Member
***
Offline Offline

Activity: 168
Merit: 100


Bitcoin is the King


View Profile
July 15, 2017, 11:23:31 PM

Cliff High is more of a lunatic btc shill than metals shill, or just a lunatic in general.  He was telling everyone to buy cloakcoin for fucks sake.
If you are interested in making money it was not a bad advice...

Cloackcoin: May 18th $0,38 - June 9th $3,65 - june 28th $10,30 - As for today $3,86

Do you have a coin for me that I can flip min x10 and even possibly x25 in 1,5/2 month ?
protokol
Legendary
*
Offline Offline

Activity: 1187
Merit: 1011



View Profile
July 15, 2017, 11:25:43 PM

Are you dumping silver for cheaper BTC rebuy ?

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.

Well that sounds very unrealistic to me. Especially considering the market caps of PMs and how much capital is needed to affect the price, the prices that you speak of (especially gold) would probably take years to reach those levels. The case with silver reaching nearly 10x its current price is more realistic due to its lower market cap, and its higher industrial value as a percentage of its worth (compared to gold), but still seems very unlikely to me.

The next few months will be an interesting time for bitcoin, and I'm sure we'll see some volatility, but the utility of bitcoin and other cryptos over PMs just make them a far better long term hedge IMO. For a non cryptocurrency investment I would be looking into property and land, over PMs.

That said, in the words of Wu-Tang Financial: "You need to diversify yo bonds, nigga"
JayJuanGee
Legendary
*
Online Online

Activity: 2548
Merit: 3702


How much alt coin diversification is needed? 0%?


View Profile
July 15, 2017, 11:28:46 PM

The thread's back!

AAAAnd we still going "uppity", as JJG calls it.

Lovely. See you all in a year or so.


I don't know if I would term this particular situation as uppity.. but we are in an o.k. place in the longer view.

It is just difficult to suggest anyone take major moves - but surely guys think differently about this.

Of course, I have largely been in a buying status all the way down from $2980 - and we know that this has not been a direct journey too.  I have been buying in $50 increments during this time on 5 exchanges, so I likely had nearly 1000 sell orders execute and likely a bit more than 1100 buy orders... .. All those trades add up.  I am looking forward to the day, when I can buy and sell in $100 increments... We gotta get back above $3k first.  SOONtm?
d_eddie
Legendary
*
Offline Offline

Activity: 1344
Merit: 1235



View Profile
July 15, 2017, 11:32:43 PM

I would be against changing algo in Monero too, even if ASICs were devised, thing is, as the protocol stands ASICs are not impossible, it just won't be as good as Bitcoin's ASICs when you compare them to CPUs and GPUs mining SHA256.

I wouldn't be against ASICs if they were available in a commoditized market, like computers or GPUs are. The problem with ASICs as they are now is that it's a seller's market.

In the market as it is now, only one firm makes and sells ASICs. The same firm, or some subsidiary, also mines. This already smells bad as they compete with the other miners (their potential clients). When that firm produces a new, more powerful model, it doesn't get on the shelves immediately: first, the firm uses it to mine while the ASIC still is way ahead of the other hardware and has a strong competitive advantage. After a while, when the competitive edge is dulled, they'll sell the machine to selected clients (not just anyone), with the understanding that the client will "behave" or be excluded from the next sale.

An alternative PoW could help keep more balance - for example, one block every 4 (or 2, or 10) must use a memory-intensive PoW. This ratio could be dynamic, there are many possible strategies that could be tested. With a memory-heavy PoW, there's a lower bound to the cost of the chip which is the RAM it requires. If the required RAM were in the 4-8 GB per processor ballpark, building ASICs wouldn't be that cheap anymore.
micalith
Hero Member
*****
Offline Offline

Activity: 894
Merit: 501



View Profile
July 15, 2017, 11:34:20 PM

last leg surely (for now)
2017Bubble
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
July 15, 2017, 11:41:33 PM

Double bottem they said... Hodl they said.. fake manipulation they said.. cheap coins they said..




I sodl at the right time fella's



Dumpage is real



Hammer time



eiskalt
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
July 16, 2017, 12:17:29 AM


OK dumpers, you stumbled over the $2000.

Now try harder and get you a bloody face at $1800!


Monday will be ...




UAS! UAS! UAS!

Ted E. Bare
Hero Member
*****
Offline Offline

Activity: 658
Merit: 503


Bear with me


View Profile
July 16, 2017, 12:43:28 AM

Shorters running out of ammo. Did everyone survive?
MinermanNC
Legendary
*
Offline Offline

Activity: 2128
Merit: 1000



View Profile
July 16, 2017, 12:52:47 AM

Well that little bump up ran out of gas pretty quick. This could get even more interesting  Shocked

Better brace yourselves lol
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
July 16, 2017, 01:00:34 AM

Panic now or wait till 1945 is breached and the flood gates open to $16xx?
eiskalt
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
July 16, 2017, 01:10:49 AM

Shorters running out of ammo. Did everyone survive?

Nope, all dead ...


... but the spirit survived ...



... resurrection hopefully on schedule.
leowonderful
Legendary
*
Offline Offline

Activity: 1624
Merit: 1127


Bitcoin FTW!


View Profile
July 16, 2017, 01:15:24 AM

Looks like we'll fall another hundred tonight. Seems about right for a legit-looking rollercoaster this time. Given the trend I'm not going to buy yet but I will be buying at 1600 if we get there Smiley
Pages: « 1 ... 17141 17142 17143 17144 17145 17146 17147 17148 17149 17150 17151 17152 17153 17154 17155 17156 17157 17158 17159 17160 17161 17162 17163 17164 17165 17166 17167 17168 17169 17170 17171 17172 17173 17174 17175 17176 17177 17178 17179 17180 17181 17182 17183 17184 17185 17186 17187 17188 17189 17190 [17191] 17192 17193 17194 17195 17196 17197 17198 17199 17200 17201 17202 17203 17204 17205 17206 17207 17208 17209 17210 17211 17212 17213 17214 17215 17216 17217 17218 17219 17220 17221 17222 17223 17224 17225 17226 17227 17228 17229 17230 17231 17232 17233 17234 17235 17236 17237 17238 17239 17240 17241 ... 28326 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!