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

[traincarswreck]

Hey man, I'm not the one posting on an alt-troll acct from being scared.  If what I said about bitcoin and metals fundamentals wasn't true, someone would actually be able to put up some type of argument against it but nobody can. Instead, I got Sidhujag the guy from India, the world capital of gold, trying to troll the forum saying metals are a barbarous relic LOL.  They sell cooked rats on the side of the road in south east asia, don't give me this barbarous relic shit!

ya im sure he's confused.  nonetheless your argument can't be it worked in the past so it will work in the future.  gold was good, but only because it had an EFFECTIVE throttle on its supply.  This can and will change.  It's a myth that it's tangibility was significant. Something with other (changing) significant uses is not as useful as a settlement device than an equivalent that has less other uses.

like its not my fault so many of the people that have been arguing you don't know what they are talking about.

[r0ach]

quote]ya im sure he's confused.  nonetheless your argument can't be it worked in the past so it will work in the future.  
like its not my fault so many of the people that have been arguing you don't know what they are talking about.

As for economics, you are the (anonymint's favorite word) myopic user of the century.  Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal.  Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode.  The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals.  Regardless of what happens, the dollar dies and metals skyrocket in the process.

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

[hv_]

quote]ya im sure he's confused.  nonetheless your argument can't be it worked in the past so it will work in the future.  
like its not my fault so many of the people that have been arguing you don't know what they are talking about.

As for economics, you are the (anonymint's favorite word) myopic user of the century.  Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal.  Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode.  The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals.  Regardless of what happens, the dollar dies and metals skyrocket in the process.

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

There is no black or white. There is no ideal. Not in real world. Its only in our mind and the only way to try to understand a bit of this. Einstein, Nash tried it. The model is not a reality...

But nice discussion 
Its so human

[r0ach]

quote]ya im sure he's confused.  nonetheless your argument can't be it worked in the past so it will work in the future.  
like its not my fault so many of the people that have been arguing you don't know what they are talking about.

As for economics, you are the (anonymint's favorite word) myopic user of the century.  Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal.  Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode.  The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals.  Regardless of what happens, the dollar dies and metals skyrocket in the process.

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

There is no black or white. There is no ideal. Not in real world. Its only in our mind and the only way to try to understand a bit of this. Einstein, Nash tried it. The model is not a reality...

But nice discussion  
Its so human

In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.

[savetherainforest]

In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.

R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him. 

[JayJuanGee]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Have you noticed that since around the time of the segwit2x intention signaling that the bigblocker nutjobs discontinued spamming the bitcoin network, and the mempool backlog has reduced to almost nothing?

 Accordingly, transaction fees have reduced to like $.15 or less per transaction, and transaction times are back to normal times of less than an hour (frequently within the next few blocks, which would be less than 30 minutes if 3 confirmations are required).   

Furthermore, after the bigblocker nutjobs indicated that they are going to fork into bitcoin cash despite the pretty much guaranteed locking in and activation of segwit, transactions on the blockchain had increased incredibly - likely due to folks moving their bitcoin's off of exchanges because of the threatened imminency of a hardfork - however, in spite of the considerable increases in on block transaction volume, the mempool has continued to remain without much of any backlog - resulting in ongoing low transaction fees and fast transaction times.

So, yeah, maybe at some point in the near future, bigblocker nutjobs will continue their spam attacks on the bitcoin network, but for now it seems that they are aiming their energies at preparations for their proposed hardfork.

[r0ach]

In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.

R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him. 

[fluidjax]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

--

And Godwin's law is proven....

[savetherainforest]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

If the big crash happens this year... then the people will come to realization at least with a 6 month delay. So basically he will have to wait another year or so until his payday arrives.
And even then.. bitcoin will be 4-5x more than now in the next 12 months. And until his silver reaches 400-500$ per ounce, bitcoin will enter into its next phase on the path to 40k.   

[becoin]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy   
21/07 Mr Frog 
22/07 Protokol
23/07 Bitcoinaire  
24/07 Lost_in_base
25/07 rjclarke2000 
26/07 Globbo 
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

[savetherainforest]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.
Middle finger will be shown to the government promptly!

[steelboy]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy   
21/07 Mr Frog 
22/07 Protokol
23/07 Bitcoinaire  
24/07 Lost_in_base
25/07 rjclarke2000 
26/07 Globbo 
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

Just keep simmering for a few more days please Bitcoin. 

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy   
21/07 Mr Frog 
22/07 Protokol
23/07 Bitcoinaire  
24/07 Lost_in_base
25/07 rjclarke2000 
26/07 Globbo 
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

Just keep simmering for a few more days please Bitcoin. 

getting close for you

[NewWorldCoiner]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.
Middle finger will be shown to the government promptly!

Like they did in 2001? People signed up in droves for the chance to fight. Propaganda and media manipulation are very powerful tools.

Shit, where were those WMD's again?

[r0ach]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

I typed it up into a full r0ach report:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up

[fluidjax]

Something between a few months to 24 months is probably pretty accurate.  All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

[r0ach]

Something between a few months to 24 months is probably pretty accurate.  All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

Why? Be the change you want to see in the world.  In the words of right wing death squad leader Duterte:

[Last of the V8s]

Huntercoin?

Silence of the Lambos

[Pajulapoiss]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

I typed it up into a full r0ach report:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up

I agree that there will be big trouble in fiat currency's within the next few years and the system blow-up is more or less inevitable in the long run.

But why silver?
I could see some independent crypto-currency as a safety net, whether it'll be btc or something else - time will tell. If we do get sucked  into hyperinflation, the btc price will only rise, compared to fiats - because the latter is dropping in value.