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

[bitserve]

This forum used to have smart people on it.  Now all I see are people regurgitating Andreas Antonopolous propaganda ...

This is one reason long targeting was likely left in instead of fast targeting, just a half ass attempt at a workaround, but it doesn't really solve anything, just makes a chain freeze more likely.

Are you saying Andreas Antonopolous is wrong? Are you also saying the core devs, including Satoshi was mistaken in implementing long targeting in the client software? Are all these fast block fast adjusting coins any better?

In fact the long time for dificulty retarget is mostly needed as a safeguard against network splits (either intentional or unintentional).

[Dabs]

Up to 2012 I would call them innovators.

That said, it is extremely hard for me to imagine another 1000x rise IN PRICE. Even a 100x seems doubtful. But I can see an increase of ADOPTION of 100x and 1000x easily some time in the future even if the price stabilizes.

I bought my first bitcoin in 2012. I don't have much today, because like some others, I spent most of it. In between then and now, I earned and spent. What does that make me?

100x seems to me to still be possible but over a longer time frame, maybe another 10 years, which isn't so bad. It might even be sooner than that according to several other people.

If you have 10 bitcoins today, and just hodl it at least 10 years, you might be looking at a million USD each. Not extremely wealthy, but considerably more comfortable than today. The trick is to not touch it. Which is difficult for some of us here who have no other source of income.

I haven't been employed for about 3 or 4 years now.

[RejectedBanana]

Can you explain how "just adoption" justifies a price increase of 2000% within a few months? Adoption does not just suddenly jump from horizontal to straight lines and and happen all at once in a 2000% spike. It is more like a smooth logarithmic curve of a few percent per day. So if it jumps too much that means it is overbought by traders.

https://www.theatlantic.com/technology/archive/2012/04/the-100-year-march-of-technology-in-1-graph/255573/

[TERA2]

That all looks like a slow controlled rise over 15 to 30 years to me. Not 2 months. Also there is a single up phase and not a staircase.

[bitserve]

Up to 2012 I would call them innovators.

That said, it is extremely hard for me to imagine another 1000x rise IN PRICE. Even a 100x seems doubtful. But I can see an increase of ADOPTION of 100x and 1000x easily some time in the future even if the price stabilizes.

I bought my first bitcoin in 2012. I don't have much today, because like some others, I spent most of it. In between then and now, I earned and spent. What does that make me?

100x seems to me to still be possible but over a longer time frame, maybe another 10 years, which isn't so bad. It might even be sooner than that according to several other people.

If you have 10 bitcoins today, and just hodl it at least 10 years, you might be looking at a million USD each. Not extremely wealthy, but considerably more comfortable than today. The trick is to not touch it. Which is difficult for some of us here who have no other source of income.

I haven't been employed for about 3 or 4 years now.

The crazy thing is that unless the (price) increasing rate we have had in 2017 doesn't drop soon.... someone with 10BTC would by millionaire in less than one year from now.... by end of next summer to be more precise.

Not saying that is gonna happen though. What do I know... My target was less than this price for the next halving. Happy times

And, you started using Bitcoin in 2012 so I would consider you an innovator, no matter how rich or not you are now.

[pfrtlpfmpf]

I haven´t done much important in my life. But i have this forum getting going again. Thanks guys, keep it up  

[bitserve]

On other news... The chikun has arisen

[TERA2]

On other news... The chikun has arisen

Did it open on gox?

[RejectedBanana]

When I joined, the early adopters were those in 2010 who had already made 1000 times gains. The early adopter status is based on where they are compared to the present, not where they are compared to the future. However, even if you were to make it about the future, that means there would have to be another 1000 times gains from here on into the future for noobs to be early adopters. That would put the target price at $15,000,000, with a market cap of $300 trillion equal to 5 times all of the world's monetary instruments.

You need to revise your definition of a bear. A bear is not someone who predicts anything less than the moon and stars in a jiffy.

Those 2010 early adopters accepted much more risk than the 2013 adopters and beyond.  I doubt very many of them sunk much more than a few hundred or a few grand into it before they made 1000x gains, unless they were already wealthy to begin with, or mining and forced to sell to break even. Order books couldn't hardly support large fiat influxes either.

Whereas from 2013 on, plunking down 10 grand or even a cool $100,000 or a few million like our favorite twins required much less risk albeit less return to achieve a much more pronounced effect. 1000 times gains on $1000 is only $1MM.  100 times gains on 100 thousand? Now we're talkin'.

[jojo69]

Where are these posts with that fkng cool woman, you know which one i mean. she´s soo hot.

FRIDA FRIDA FRIDA FRIDA

What does "FRIDA" mean ? It was your intention, having me to ask ?

By "fking cool woman" I assume you meant Salma Hayek.

Her best known role in the US is her 2002 portrayal of Mexican impressionist painter Frida Kahlo.

[RejectedBanana]

That all looks like a slow controlled rise over 15 to 30 years to me. Not 2 months. Also there is a single up phase and not a staircase.

Are you confusing the staircase price with percent adoption?

[TERA2]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

[404Revolution]

The trick is to not touch it. Which is difficult for some of us here.

Boy Howdy

[HairyMaclairy]

You know what would make my day?  Litecoin overtaking Bcash.

Go Litecoin go.

[bitserve]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Exactly. And early adopter status has nothing to do with entry price.

What IS relevant are things like coinbase app being #1 in the Apple Store or coinbase adding tens of thousands new users every day. That's adoption.

I would even dare to say that adoption rate is currently increasing higher than price is.

[realr0ach]

Can you explain how "just adoption" justifies a price increase of 2000% within a few months? Adoption does not just suddenly jump from horizontal to straight lines and and happen all at once in a 2000% spike. It is more like a smooth logarithmic curve of a few percent per day. So if it jumps too much that means it is overbought by traders.

Que the GATA archives where the (((financial overlords))) talk about how instead of allowing metals to rise in a 45 degree upwards line, they attempt to force the market into periods of stagnation and then vertical cliff rises/falls so it appears to be high volatility to try and scare retail consumers from those markets.

Are all these fast block fast adjusting coins any better?

There's not much of a difference between the two, but like I was saying, I think one reason long difficulty adjustment was used is to try and prevent the bottom dropping out of the price floor overnight.  If the price floor can instantly go from $1000 to $1, people would more easily figure out it's not a good system compared to the price floor of physical metals which generally only goes up.

[pfrtlpfmpf]

Where are these posts with that fkng cool woman, you know which one i mean. she´s soo hot.

FRIDA FRIDA FRIDA FRIDA

What does "FRIDA" mean ? It was your intention, having me to ask ?

By "fking cool woman" I assume you meant Salma Hayek.

Her best known role in the US is her 2002 portrayal of Mexican impressionist painter Frida Kahlo.

No, i mean the other one. Salma Hajek has to big boobs.
I wish, the other poster could chime in here.

[RejectedBanana]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Price is dictated by supply and demand. I remember when cellular phones were super expensive suitcases and then super cheap bricks and now super expensive smart phones.  Price increases have fluctuated by thousands of percent. Ditto for black and white to color to flat screen to OLED 4k TVs and now 4K projectors. Prices fluctuate wildly with new technologies as adoption creeps forward. Supply and demand. But it is not just pure trading speculation. There is bona-fide underlying value. A solution to a problem. A trustless peer-to-peer network of digital currency exchange. A store of value that is not easily manipulated by federal reserves and the like. etc etc. And yes, more than a touch of speculation, justifiable so. This is exciting stuff.

[TERA2]

[ErisDiscordia]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman