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

[bitserve]

it's time to buy, such low prices will never be

Mhhhh, yeah, maybe it is time to buy. But those graphs with totally random curved lines..... look so.... random...

[alevlaslo]

within 2-3 years, the curvature can be neglected and draw a straight line

[JayJuanGee]

Bitcoin SV is Bitcoin

Simple to (re-) enable any business on it

https://twitter.com/money_button/status/1071446239927971841

Are you a fucking dumbass?

First:  merely putting bitcoin in the name does not make a thing bitcoin, even if it was originally forked from bitcoin

Second:  bitcoin is and has been a product of consensus, which involves changes in development with the passage of time, bringing the code and/or features back to what they originally were would not make the thing bitcoin, just like we are not going back to original cars, such as the model T, when a modern car is much better in a lot of ways, especially for actually driving.

[bitserve]

Bitcoin SV is Bitcoin

Simple to (re-) enable any business on it

https://twitter.com/money_button/status/1071446239927971841

Are you a fucking dumbass?

First:  merely putting bitcoin in the name does not make a thing bitcoin, even if it was originally forked from bitcoin

Second:  bitcoin is and has been a product of consensus, which involves changes in development with the passage of time, bringing the code and/or features back to what they originally were would not make the thing bitcoin, just like we are not going back to original cars, such as the model T, when a modern car is much better in a lot of ways, especially for actually driving.

But... SATOSHI Vision, bro.

[realr0ach]

Not to sound like an old fuddy-duddy, but at some point the line will not be held and we'll have to "endure" mere linear growth (this being a finite planet and all).

Or no growth from lack of business adoption.  The deflationary aspect is actually not positive in that regard.  Gresham's law forces any type of deflationary - or even 'less inflationary' - instrument out of circulation and out of adoption for use.  

Take the following real world business example:  Rick from "Pawn Stars".  People bring in junk and sell it to this guy's pawn shop.  So let's pretend that the US dollar was deflationary and he gives you $100 for something and a year later that $100 is worth $110 instead.  This is why Gresham's law exists. His natural goal is to pay you, or unload onto you, the worst form of garbage possible as payment, and in that manner from people constantly trying to rid themselves of a liability, it circulates fast with high usage while others don't.

Is there any reason for Rick from Pawn Stars to pay people with bitcoin?  As per the example above, no.  Is there any reason for Rick from Pawn Stars to accept bitcoin at all?  Not really, due to the fact supporting it is just adding a bunch of overhead to himself with no real benefit since few if anyone is going to pay him with it for the same reason he's not going to pay anyone else with it.  In that manner, using or supporting bitcoin as either a vendor or customer is somewhere between detrimental to pointless from an economics perspective, and is really nothing more than a political statement.

This means the only use case of a deflationary instrument is a seldom used, low velocity, settlement system (store of value).  In other words, the only real world use case of bitcoin is a direct competitor to gold and silver, but bitcoin fails miserably at that task due to not removing middlemen or counterparty risk (it has built-in middlemen), being susceptible to infinite amounts of black swans that can take it to zero while you need a black hole to hit the earth to destroy metals, having no valid Schelling point, no real scarcity (artificial scarcity is not scarcity), etc.

[BTCMILLIONAIRE]

Bitcoin SV is Bitcoin

Simple to (re-) enable any business on it

https://twitter.com/money_button/status/1071446239927971841

Are you a fucking dumbass?

First:  merely putting bitcoin in the name does not make a thing bitcoin, even if it was originally forked from bitcoin

Second:  bitcoin is and has been a product of consensus, which involves changes in development with the passage of time, bringing the code and/or features back to what they originally were would not make the thing bitcoin, just like we are not going back to original cars, such as the model T, when a modern car is much better in a lot of ways, especially for actually driving.

But... SATOSHI Vision, bro.

Brought to you by the real Satoshi.

[Ludwig Von]

via Imgflip Meme Generator

Just in case we dump more ..... gonna stick with straight outta Belgium fast food
Any of you not Belgium-Holland Guys ever eat this

And come BTC kee on the sunday pump while i’m gonna be movie watching come on

Just get some waffles and fries. Is that pieces of butter next to raw onion halves on a stick?

No, the onions is part of "Saté" and the butter likes are some kind of Kroket, mostly with totally disgusting names !  

And to be complete, we fry all that not in oil, but in the molten fat of oxes, if I say that right, means castrated bulls... .

Dear diary, today I learned that oxen are actually just castrated bulls. Thank you for this information, Ludwig. I will remember it for the rest of my life.

You 're welcome Goldking, after all, we need to have some interesting exchancges on the WO... . (You did not find it weird that we fry our world fameous fries in their fat?)  

[bitserve]

^ r0ach, can you explain me how Bob could have invited more than hundred pseudo anonymous people spread all over the world to a beer as he did a few days ago if it were not using Bitcoin?

If you are unable to see how, in a global world, digital currencies are needed and want to keep thinking only about in person deals/bartering it is you who is not getting it.

Btw, did you claim your beer? Your nick is on the list.

[BTCMILLIONAIRE]

"Frietkot" 

Does "kot" mean shit in that language?

[jojo69]

https://medium.com/@BitcoinMagazine/make-bitcoin-fun-again-47c6837788c3

... We’re here for nothing short of a revolution. A complete reinvention of monetary and financial systems, designed for a digital world in which the legacy systems become uncompetitive and irrelevant.

Not an incrementally more efficient tool for interbank transfer, but a redefinition of the word “bank.” Not a digital fiat system run by a new ruling class, but a total collapse of centrally controlled and political value.

<----

or not

[Ludwig Von]

"Frietkot" 

Does "kot" mean shit in that language?

Agh, no, rather a cabin or wooden shelter or even a caravan style thing... . (We 're weird folkies but not that weird... .) 

[JayJuanGee]

I have to disagree. That trendline needs to be lower, the start should be at the end of 2015.

below 3000 is not possible  https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1707986

Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.

When is that coin release going to happen?  

Probably not going to change anything significantly when the MtGox coins are released to the coin owners - such release might be a bullish event.

[BTCMILLIONAIRE]

"Frietkot" 

Does "kot" mean shit in that language?

Agh, no, rather a cabin or wooden shelter or even a caravan style thing... . (We 're weird folkies but not that weird... .) 

Damn, iirc kot meant feces in German and the word looks very Germanish. I am disappointed to find out that you're not serving fried feces.

[bitserve]

I have to disagree. That trendline needs to be lower, the start should be at the end of 2015.

below 3000 is not possible  https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1707986

Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.

When is that coin release going to happen?  

Probably not going to change anything significantly when the MtGox coins are released to the coin owners - such release might be a bullish event.

Many of us will even use the FIAT part to buy more BTC. I would say the impact will be more or less neutral.

The payment of the claims will start no sooner than march 2019.

[BTCMILLIONAIRE]

I have to disagree. That trendline needs to be lower, the start should be at the end of 2015.

below 3000 is not possible  https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1707986

Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.

When is that coin release going to happen?  

Probably not going to change anything significantly when the MtGox coins are released to the coin owners - such release might be a bullish event.

How? Unless they got dollars they won't be buying extra coins as a result of the release, but will have coins of which some will probably be sold due to the amount of people involved.

[jojo69]

"the molten fat of oxes"

[Last of the V8s]

"Frietkot" 

Does "kot" mean shit in that language?

https://imgur.com/gallery/gwu1RUm

[goldkingcoiner]

via Imgflip Meme Generator

Just in case we dump more ..... gonna stick with straight outta Belgium fast food
Any of you not Belgium-Holland Guys ever eat this

And come BTC kee on the sunday pump while i’m gonna be movie watching come on

Just get some waffles and fries. Is that pieces of butter next to raw onion halves on a stick?

No, the onions is part of "Saté" and the butter likes are some kind of Kroket, mostly with totally disgusting names !  

And to be complete, we fry all that not in oil, but in the molten fat of oxes, if I say that right, means castrated bulls... .

Dear diary, today I learned that oxen are actually just castrated bulls. Thank you for this information, Ludwig. I will remember it for the rest of my life.

You 're welcome Goldking, after all, we need to have some interesting exchancges on the WO... . (You did not find it weird that we fry our world fameous fries in their fat?)  

True true. I don't find such things weird. I am a foodie and a passionate home cook. Frying in their fat must make for an interesting flavour.

[bitserve]

I have to disagree. That trendline needs to be lower, the start should be at the end of 2015.

below 3000 is not possible  https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1707986

Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.

When is that coin release going to happen?  

Probably not going to change anything significantly when the MtGox coins are released to the coin owners - such release might be a bullish event.

How? Unless they got dollars they won't be buying extra coins as a result of the release, but will have coins of which some will probably be sold due to the amount of people involved.

Because Kobayashi already sold enough coins to pay all FIAT claims *IN FULL* plus $450 for each coin in the approved claims. Ie: I expect to receive $450 for each coin I had there plus a prorrata over the remaining coins (around .15 or .2 BTC for each BTC)

Some people will use the fiat part to buy more BTC... some other maybe sell some BTC... probably neutral impact... but... the mtgox FUD will come to end finally.

[Last of the V8s]

https://medium.com/@BitcoinMagazine/make-bitcoin-fun-again-47c6837788c3

... We’re here for nothing short of a revolution. A complete reinvention of monetary and financial systems, designed for a digital world in which the legacy systems become uncompetitive and irrelevant.

Not an incrementally more efficient tool for interbank transfer, but a redefinition of the word “bank.” Not a digital fiat system run by a new ruling class, but a total collapse of centrally controlled and political value.

<----

or not

que?