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

[Torque]

Haha, so now the trolls are in an uproar because of the thought that Bitcoin maximalists won't even bother to hold altcoins because they know that such can be traded for as needed for day-to-day transactions?

Well they should be. Because Bitcoin is digital gold, that only has value that continues to increase because people to choose to hold it long term and not spend it.

Altcoins, not so much.

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[1715100963]

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[alexeft]

How many geniuses will continue trying to defend the bitcoin narrative as digital gold or layer of decentralized settlement for large financial institutions?


....................

1) Nodes (regardless if they are transacting or not) are the ONLY ones that store and transmit the blockchain and choose what goes in and what does not. Therefore they are the only ones that ENFORCE the rules (like the 21 million coin limit).

2) The shop is not good because there's too many people? Noooooooooooooo! We've raised big interest and it's just impossible (or too dangerous) to be all things to all people. Even huge blocks would not do that.

3) Come back and say this in 100 years.

[realr0ach]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

[d_eddie]

Back from beer time. More than one, actually. One too many, probably.
No dip to speak of. Awright, I'll check back later.
Gentlemen...

[Torque]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

[BuyToHold]

Hope to see the price back to 19K before the 31th.

[Neo_Coin]

Back from beer time. More than one, actually. One too many, probably.
No dip to speak of. Awright, I'll check back later.
Gentlemen...

[criptix]

Well fuck me sold at 14.4 and now its 15.5

Why you do this to me BTC




And then i had to fight with fudders too.

INB4 emotional breakdown  

[realr0ach]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession.  Everyone else has been robbed by the bank or sold coupons by the bank for metals that don't exist.  That's not a fault of metals, it's the fault of people trusting banks.  The metals didn't rob you, the bank did.

[HairyMaclairy]

BCH buywall being steadily dumped into.  The r/BTC pump group are too stupid to realize it is Ver and Jihan doing half the dumping.  

[mymenace]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

[criptix]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

Fudders will tell you that you are buying a chinese digital coin which in 10 years will be fully centralized and controlled by the chinese .gov.

[bones261]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  

[Torque]

Everyone else has been robbed by the bank or sold coupons by the bank for metals that don't exist.  That's not a fault of metals, it's the fault of people trusting banks.  The metals didn't rob you, the bank did.

But the end result is the same. As long as metals are priced in dollars, you'll never get what they are truly worth for them.

Guess you'll just have to wait on the ol' Apocalypse to come then. Don't hold your breath.

[gentlemand]

R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  

Tungsten.

[mymenace]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  

no argument just a statement

i know I am not going to hold a million dollars in gold on my property, where shall i go? ....bitcoin...

[bones261]

R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  

Tungsten.

R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed.

[realr0ach]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession.  Everyone else has been robbed by the bank or sold coupons by the bank for metals that don't exist.  That's not a fault of metals, it's the fault of people trusting banks.  The metals didn't rob you, the bank did.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

Totally wrong because you can't actually take delivery of a bitcoin even if you have the private key.  Bitcoin is an imaginary digital loaf of bread that lives in "the cloud".  But there's no such thing as "the cloud", just you uploading your shit to someone else's computer you don't control.  If you want to then do something with your imaginary loaf of broad, you're required to ask permission to a miner to do it because transactions are not blinded and he can block your transaction if he wants.  It's also designed to centralized, so it's inevitable govt co-opts the mining facility and you will be asking permission of the govt.

Even if you pretend mining doesn't centralize, you're then required to pay a ransom or usury fee to a built-in middleman that's impossible to remove called a transaction validator (miner).  So it never was YOUR bitcoin in the first place, now was it?  You were just a child who has to ask permission to a parent to do anything and the property was never yours to do as you wish in the first place.

[fabiorem]

Bitcoin is more safe to hold than gold. Gold you can lost or be robbed.

[mymenace]

Because Bitcoin is digital gold

Let me get this straight.  You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold".  Talk about bad propaganda.

You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation.

Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground.

There, fixed.

For all intents and purposes, gold and silver still work as perfectly fine as ever.  The term you're looking for is rehypothecation.  Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession.  Everyone else has been robbed by the bank or sold coupons by the bank for metals that don't exist.  That's not a fault of metals, it's the fault of people trusting banks.  The metals didn't rob you, the bank did.

Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!!

I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger

this is beautiful

Totally wrong because you can't actually take delivery of a bitcoin even if you have the private key.  Bitcoin is an imaginary digital loaf of bread that lives in "the cloud".  But there's no such thing as "the cloud", just you uploading your shit to someone else's computer you don't control.  If you want to then do something with your imaginary loaf of broad, you're required to ask permission to a miner to do it because transactions are not blinded and he can block your transaction if he wants.  It's also designed to centralized, so it's inevitable govt co-opts the mining facility and you will be asking permission of the govt.

Even if you pretend mining doesn't centralize, you're then required to pay a ransom or usury fee to a built-in middleman that's impossible to remove called a transaction validator (miner).  So it never was YOUR bitcoin in the first place, now was it?  You were just a child who has to ask permission to a parent to do anything and the property was never yours to do as you wish in the first place.

you just explained how the world works (economy)

if you want use it, pay your way

other wise keep you gold at home

same thing applies to gold as well

https://en.wikipedia.org/wiki/Executive_Order_6102

it is never your gold