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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 8 (5.9%)
H2 2019 - 15 (11%)
H1 2020 - 25 (18.4%)
H2 2020 - 25 (18.4%)
H1 2021 - 11 (8.1%)
H2 2021 - 27 (19.9%)
H1 2022 - 6 (4.4%)
H2 2022 - 4 (2.9%)
H1 2023 - 0 (0%)
H2 2023 - 2 (1.5%)
2024 or Later - 13 (9.6%)
Total Voters: 136

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21284996 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. (100 posts by 19 users deleted.)
criptix
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May 24, 2018, 11:17:11 PM

Please read my link and google Psyche 16.

That list on wikipedia is not what i mean.

I have no doubt it will happen at some point in the future, I just dont see it as a significant investment risk during my or my daughters lifetime.

Low earth space tourism hasnt even kicked off yet and thats got to be a lot easier than mining in space.

That i totaly agree with you, even optimistic estimates say a time duration of probaly 50 years until space mining will really start.


BUT kurzweil and de grey said we just need to live until 2050 with a healthy body and then we can easily buy 100 more years of lifetime.  Grin
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May 24, 2018, 11:28:54 PM
Last edit: May 25, 2018, 12:02:54 AM by realr0ach

That i totaly agree with you, even optimistic estimates say a time duration of probaly 50 years until space mining will really start.

BUT kurzweil and de grey said we just need to live until 2050 with a healthy body and then we can easily buy 100 more years of lifetime.  Grin

Jesus christ this forum is filled to the brim with bugmen and Vitalik Buterin-style, wannabe authoritarian technocrats that have no real world experience with anything.  There's not gonna be jack shit for mining silver or gold in space unless the price of gold was orders of magnitude higher than it is now.  Okay, so gold goes to $10k and silver goes to $300-500.  What happens then?  We STILL completely ignore space mining and just mine the shit on the ocean floor because it would still be vastly cheaper than going to space to get it.

Oh, and who exactly are you going to PAY to risk their life going into space, one of the most dangerous places around in order to get this shit?  NOBODY.  That's who.  NOBODY.  I mean, look at the Zerohedge story about truck driving yesterday.  You can't even find people to pay $80-100k to drive Hazmat trucks on the planet earth, yet you're somehow going to lure a bunch of Mexicans to travel into space for slave wages to mine gold and silver? HAHAHAHA.  

Even if the entire fiat financial system completely implodes and metals go to their high area target prices of $10-20k gold and $600-$1000 silver, gold will still not be viable to mine in space and silver even LESS viable due to needing to sort through and transport more tonnage of materials to pull silver out.  You would likely not ever be mining silver in space unless you were also mining things like copper and nickel in space too - a full fledged space civilization from science fiction novels that doesn't even live on earth in other words.

Peak oil (which is just mislabeled thermodynamic collapse of oil extraction) is real also.  So space mining for precious metals - if it could even be done 50-100 years in the future- would likely require the entire transportation, mining, and refining process to all be done with nuclear energy.  Since thermodynamic collapse of oil extraction is real, we would NEVER be going to space to search for precious metals as a first target.  An energy source would always be the first target.
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May 24, 2018, 11:36:22 PM




criptix
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May 24, 2018, 11:39:01 PM

That i totaly agree with you, even optimistic estimates say a time duration of probaly 50 years until space mining will really start.

BUT kurzweil and de grey said we just need to live until 2050 with a healthy body and then we can easily buy 100 more years of lifetime.  Grin

Jesus christ this forum is filled to the brim with bugmen and Vitalik Buterin-style, wannabe authoritarian technocrats that have no real world experience with anything.  There's not gonna be jack shit for mining silver or gold in space unless the price of gold was orders of magnitude higher than it is now.  Okay, so gold goes to $10k and silver goes to $333.  What happens then?  We STILL completely ignore space mining and just mine the shit on the ocean floor because it would still be vastly cheaper than going to space to get it.

Oh, and who exactly are you going to PAY to risk their life going into space, one of the most dangerous places around in order to get this shit?  NOBODY.  That's who.  NOBODY.  I mean, look at the Zerohedge story about truck driving yesterday.  You can't even find people to pay $80-100k to drive Hazmat trucks on the planet earth, yet you're somehow going to lure a bunch of Mexicans to travel into space for slave wages to mine gold and silver? HAHAHAHA.


Calm down roach, i didnt say that it's gonna happen tommorow!  Wink


But space mining is real and inevitable because planet earth has only finite resources - and when we arrive at the point where recycling and mining on our planet doesnt work anymore we will be forced to go to space.


Btw how about paying sending jews and blacks to mine in space instead of gassing them?  Roll Eyes
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May 24, 2018, 11:52:39 PM

But space mining is real and inevitable because planet earth has only finite resources

Our needs are finite also.
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May 24, 2018, 11:59:34 PM

But space mining is real and inevitable because planet earth has only finite resources

Our needs are finite also.

if only we acted like that...
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May 25, 2018, 12:03:15 AM

But space mining is real and inevitable because planet earth has only finite resources

Our needs are finite also.

Not if someone is gonna discover the cure for (cell)death!
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May 25, 2018, 12:06:33 AM
Merited by xhomerx10 (2), criptix (1), Arriemoller (1), AlcoHoDL (1)

If you go to a pro Nike forum and talk shit about Nike, the mods will eventually ban you.

If you go to a pro Gaming forum and talk enough shit about video games, the mods will eventually ban you.

If you go to a pro Camping forum and talk enough shit about people who camp, the mods will eventually ban you.

If you go to a pro Gun forum and talk enough shit about people who buy and use guns, the mods will eventually ban you.

If you go to a pro Precious Metals forum and talk enough shit about Gold and Silver, the mods will eventually ban you.

If you go to a pro BMW forum and talk enough shit about BMWs, the mods will eventually ban you.

Hell if you go to ANY pro-Subject forum and talk enough shit about said *subject*, the mods will eventually ban you.

-- but --

Apparently you can come to a pro-Bitcoin forum (Bitcointalk.org) and talk shit about Bitcoin. For years and years and years. Not only will the mods NOT ban you, they'll allow you to continue doing it. Because 'muh free speech. And allow you to multiply sock puppet Troll accounts by the 1000s. Eventually running off all the pro-Bitcoin people, leaving behind nothing but Trolls and salty Bitcoin haters that outnumber everyone else by 1000:1.

 Huh   Roll Eyes   Roll Eyes



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May 25, 2018, 12:11:02 AM

Roger Ver, is this one of your sock puppet accounts? Sure seems like it.

Haha.

"There you go again"
- R Raygun

Most would know when to stop digging.

Can you just stfu? You're part of the problem, troll.
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May 25, 2018, 12:19:46 AM

If you go to a pro BMW forum and talk enough shit about BMWs, the mods will eventually ban you.

Apparently you can come to a pro-Bitcoin forum (Bitcointalk.org) and talk shit about Bitcoin. For years and years. Not only will the mods NOT ban you, they'll allow you to continue doing it. Because 'muh free speech. And multiply by the 1000s. Eventually running off all the pro-Bitcoin people, leaving behind nothing but Trolls that outnumber everyone else by 1000:1.

 Huh   Roll Eyes   Roll Eyes

Torque wants to censor all information that portrays shitcoins in a bad light, even if the information is 100% factually correct.  If you go to a BMW forum and discuss 100% factually correct information about why the car is a death trap, the only way you're getting banned is if the forum was a bogus front shilling for the BMW corporation.  Silver and gold are the base of Exter's pyramid for the last 5-10 thousand years.  If you believe your fly by night, completely centralized scamcoin garbage can compete with that, it has to be able to stand up to comparisons to the reigning competition.

Transaction validators in shitcoins are always designed to centralize, while being non-fungible, with built-in middlemen, and don't remove counterparty risk.  This makes them nothing but permissioned ledgers in practice with zero fundamentals that cannot compete with silver and gold in any possible way.  THIS is why you want to censor all factual comparisons between the two.  Shitcoins cannot stand up to any type of scrutiny when compared to silver and gold.

There are only two camps of people, those that believe in sound, physical money that actually exists in the real world like silver and gold, and those that believe in completely arbitrary, imaginary, valueless tokens like US dollars, bitcoins, and Chuck E Cheese tokens.
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May 25, 2018, 12:21:35 AM

Roger Ver, is this one of your sock puppet accounts? Sure seems like it.

Haha.

"There you go again"
- R Raygun

Most would know when to stop digging.

Can you just stfu?

I can.

But I won't.

Deal with it.

You're part of the problem, troll.

What problem is that, embarrassingly rude person?
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May 25, 2018, 12:53:37 AM

What problem is that, embarrassingly rude person?
You are a sophist. That's the problem.
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May 25, 2018, 12:59:35 AM

If Jbreher wants to use a different imaginary, valueless scamcoin than your imaginary, valueless scamcoin, why exactly is that a problem again?  Is there some type of thieves guild where all thieves are required to be part of the same scam?  There can't be like 500 scams at the same time?
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May 25, 2018, 01:01:58 AM

What problem is that, embarrassingly rude person?
You are a sophist. That's the problem.

Izzat so? Funny that you've never engaged to point out whatever fallacious arguments I have been making. Of course, it's much easier to just slap a label on me, rather than show why the label applies.
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May 25, 2018, 01:10:36 AM

What problem is that, embarrassingly rude person?
You are a sophist. That's the problem.

Izzat so? Funny that you've never engaged to point out whatever fallacious arguments I have been making. Of course, it's much easier to just slap a label on me, rather than show why the label applies.
The mark of a sophist is that he never admits making any mistakes of any kind. So prove that you are not one. Not with posts past this point, but with posts you have made before. If you think you can.
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May 25, 2018, 01:28:00 AM

Closer to the truth is everyone makes mistakes, I prefer the Socratic approach if we are exchanging ancient Greek insults.  But you know what happened to him, cant win

Speaking of guild of thieves, here is article running through of what happens when people sacrifice personal liberty to serve 'the greater good'
"One of the world’s great oil producers obliterated by the sheer greed and incompetence of a ruling party hiding beneath a veneer of Socialist ideology."
https://twitter.com/cate_long/status/999795980819226624
https://twitter.com/AKurmanaev/status/995366617642127360


BTC price in my rough view is in a bit of a netherworld, beneath the ice.  It hit 7700 as a top which is less bullish then I hoped at 7900 but its not doing much beyond sideways.  So its forming up to make a greater move in future.
Going sideways after a regular downtrend is positive. 7537 to draw a line in the sand to watch I think is reasonable




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May 25, 2018, 01:28:59 AM

The mark of a sophist is that he never admits making any mistakes of any kind. So prove that you are not one. Not with posts past this point, but with posts you have made before. If you think you can.

Jbreher is not a sophist because deep down him and most other people in this thread know all the stuff I say about bitcoin having zero fundamentals compared to silver and gold is true, and that's it's not even possible to create a decentralized digital currency in the first place, yet while knowing all this, he still shills for some obscure coin called bcash pretending it's the cure for all the world's problems solely in order to try and reel in some type of pump and dump profit.

So, no, nobody in this thread is a "sophist".  You are all just flat out scammers, pump and dumpers, whatever you want to call it.
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May 25, 2018, 01:40:37 AM

I strongly agree with what I think is your more general point that A) commodity money is important B) cryptocurrency is not a replacement or substitute for it
Mind explaining why you think commodity money will stay important? Genuinely interested.

Sure. Basically I don't think bitcoin makes a very good reserve asset. It isn't nearly as well suited for a base of the liquidity pyramid as gold is.



Part of what makes it poorly suited as a reserve asset is that technology improves over time. There is a risk that the leading cryptocurrency will always be overturned by new and better technology. Which is a good thing, just not a good thing if you want the properties of a stable long term bottom of the liquidity pyramid reserve asset. Interestingly there is an implication here that if bitcoin can win against all of the other alts and come to soundly dominate this sector it will more closely approximate the utility of gold as a reserve asset. But if it get's overtaken by ethereum or bcrap that could open pandoras box and doubly prove my point.

There is also an existential threat posed to bitcoin from forks that you wouldn't want in a reserve asset.

There is a technological threat, what if the network gets owned? What if it is built on assumptions that turn out to be wrong? It's well safe enough for speculation and payments and building businesses ontop of, but there is enough of a risk in this regard to hamper its utility as an ultra safe long term reserve asset.

TLDR; if you were to insert bitcoin into the pyramid it would fall in-between gold and circulating money, not next to gold, and certainly not beneath it.

The (possible) future:


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May 25, 2018, 01:43:37 AM

So was that Asia's reaction? A $200 dip? Not to bad if we can build a fucking floor somewhere.

Asian reaction to what?
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May 25, 2018, 01:53:42 AM

DOJ launching a criminal probe into BTC price manipulation.

Looks like we'll soon find out if the whales are artificially pumping the price

https://www.zerohedge.com/news/2018-05-24/doj-launches-criminal-probe-bitcoin-market-manipulation

Seems there is a constant attack on BTC that is ramping up, looks like the powers above have decide enough is enough.

I thought the price was artificially kept down, I mean seriously the sell orders are the ones that disappear and reappear like crazy while the buy walls stay the same.

Kind of seems like an Onion article to me.  What can DOJ do?  Maybe if we saw some specific charges then we would get a better grasp about the significance, if any, of something like this kind of an "investigation"?
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