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Question: Closing BTC Price June 28:
$0 - 5 (3.5%)
<$7,000 - 4 (2.8%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.7%)
$8,500-$8,999 - 3 (2.1%)
$9,000-$9,499 - 4 (2.8%)
$9,500-$9,999 - 26 (18.2%)
$10,000-$10,499 - 23 (16.1%)
$10,500-10,999 - 12 (8.4%)
$11,000-$11,499 - 13 (9.1%)
$11,500-$12,000 - 10 (7%)
>$12,000 - 31 (21.7%)
>$20,000 - 11 (7.7%)
Total Voters: 143

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21241177 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. (66 posts by 16 users deleted.)
bitserve
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December 28, 2018, 06:14:39 AM

In my country I don't care. When I go on vacation to the USA I do. Call me a coward but for me that's too much to risk just for trolling.

I am not sure if I would let them disassemble my car with no fucking reason though. That's different.
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December 28, 2018, 06:16:30 AM


Never again will do anything like that. Just lower my head and assent to everything.

and thus tyranny is ascendant
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December 28, 2018, 06:18:29 AM


Never again will do anything like that. Just lower my head and assent to everything.

and thus tyranny is ascendant

Unfortunately, yes. You are right.
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December 28, 2018, 06:21:46 AM
Merited by BobLawblaw (1)

In my country I don't care. When I go on vacation to the USA I don't. Call me a coward but for me that's too much to risk just for trolling.

I am not sure if I would let them disassemble my car with no fucking reason though. That's different.

You can't do anything against it, they can jail you if you don't let them do it. If they break something you get it repaired by government and that gets done in the no1 repair shops, normally you can throw some extra into it and it will be paid for.

Oh and they didn't ask my permission for that in Sweden, guess they had a "hint" or smth. I did use to look like a criminal, head shaved bald and tats all over. Now I have hair at least. And when warm enough I always wore tank tops, just to prove that looks have nothing to do with how a person really is. But I did have a suit on when taken down in Sweden, go figure.
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December 28, 2018, 06:34:52 AM

Marcus Anonymint's posts...I mean "lambie slayer", are just too dumb to respond to now.  Micgoossens, you wouldn't happen to be a mechanical engineer?

https://www.reddit.com/r/MGTOW/comments/aa2x42/well_lads_it_happened/
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December 28, 2018, 07:02:13 AM
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Marcus Anonymint's posts...I mean "lambie slayer", are just too dumb too truthful and painful for me to have to courage to respond to now.  Micgoossens, you wouldn't happen to be a mechanical engineer? able to teach me how to talk to a woman without making my paranoid schizo face at her.

https://www.reddit.com/r/MGTOW/comments/aa2x42/well_lads_it_happened/ (reddit post from group of virgins pretending they could get women but just decided they had other stuff to do in their basement)

Virgin Roach is really upset about Goose having a woman and him being stuck in his basement with dead money silver bags.  Wink Cheesy This new bull market is gonna be brutal on you Virgin Roach, hope you have a good psychiatrist.
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December 28, 2018, 07:25:33 AM
Merited by Lambie Slayer (1)

Marcus Anonymint's posts...I mean "lambie slayer", are just too dumb too truthful and painful for me to have to courage to respond to now.  Micgoossens, you wouldn't happen to be a mechanical engineer? able to teach me how to talk to a woman without making my paranoid schizo face at her.

https://www.reddit.com/r/MGTOW/comments/aa2x42/well_lads_it_happened/ (reddit post from group of virgins pretending they could get women but just decided they had other stuff to do in their basement)

Virgin Roach is really upset about Goose having a woman and him being stuck in his basement with dead money silver bags.  Wink Cheesy This new bull market is gonna be brutal on you Virgin Roach, hope you have a good psychiatrist.

R0ach thought he was the luckiest man in the world when he saw he could buy a few hundred of kilograms of silver selling all his Bitcoin. He then thought that impressive amount of PM would make him richer than his wildest dreams. Nothing could have been further from the truth when you can't even buy a decent basement with all that pile of useless shit. It must have been a very frustrating experience.
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December 28, 2018, 07:31:41 AM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.
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December 28, 2018, 07:36:42 AM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.
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December 28, 2018, 07:37:43 AM

Having bags of silver is just fine, its a good metal with impressive qualities across a range of uses.      Its also an industrial metal mined in conjunction with many simple metals like lead, this aspect can lead to oversupply in an economy especially if under retraction.

Hence silver is not going to be used so often as monetary backing as gold which has its stricter supply demand to it.    The big thing all tokens used for cash or commerce are going to get judged on eventually after speculation is actual usage and utility at that moment.  As a physical metal, bags of silver has to deal with more real world costs such as storage and security but also its naturally more solid long term.    BTC or other blockchains are going to have to keep increasing their usage and efficiency seems like to me, to compete with all the other alternatives and ideas like notes based off silver or whatever is not nearly as cutting edge and transformable as crypto

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

I cant imagine that happening especially in the long term, not without some nuclear winter scenario.   The metal is used and required, even if the world skipped its usage as a monetary asset.   If world growth takes some horrible knock, perhaps we ignore inflation and just label over it and call it growth then maybe silver is falling but $6 is saying the dollar is strong, stronger even and I find that prospect while deficits keep happening to be really unlikely.
Anything is possible of course
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December 28, 2018, 07:47:22 AM

But, r0ach is always talking about costs of production

Common beginner error.  Miners always have a wide range of production costs.  The production cost that is publicly reported is an average.  But the standard deviation is significant.

That means as prices fall below the average “cost of production” the top quartile producers go broke.  Meanwhile the bottom quartile producers are still highly profitable and pumping out product.  

The average cost of production falls as the price falls as inefficient producers are driven to the wall, often with little or no impact on global output.  It is not unusual for major miners to take advantage of this mnarket pressure and actually step up production to squeeze out the competition, further depressing price through dumping.

So you are a fool to rely on “production costs” to prop up commodity prices.

From a miner’s perspective, if your production costs are not in the bottom quartile, you need to exit that resource because you have no business being there.


bitserve
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December 28, 2018, 07:50:33 AM

But, r0ach is always talking about costs of production

Common beginner error.  Miners always have a wide range of production costs.  The production cost that is publicly reported is an average.  But the standard deviation is significant.

That means as prices fall below the average “cost of production” the top quartile producers go broke.  Meanwhile the bottom quartile producers are still highly profitable and pumping out product.  

The average cost of production falls as the price falls as inefficient producers are driven to the wall, often with little or no impact on global output.  It is not unusual for major miners to take advantage of this market pressure and actually step up production to squeeze out the competition, further depressing price.  

So you are a fool to rely on “production costs” to prop up commodity prices.




Another thing he always dismiss is that if demand is lower than offer from already produced silver there is no fucking need to mine any more (if the cost of production were higher than the market price).
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December 28, 2018, 07:52:48 AM

Confused, I thought that this morning I would find some more merit in my account (not because of my publications in WO), in a few hours the thread of How Many Full Nodes Bitcoin Online? I increase visits considerably, but 0 merits.

It's a reflection, having a coffee in the morning. Roll Eyes
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December 28, 2018, 08:00:41 AM

Confused, I thought that this morning I would find some more merit in my account (not because of my publications in WO), in a few hours the thread of How Many Full Nodes Bitcoin Online? I increase visits considerably, but 0 merits.

It's a reflection, having a coffee in the morning. Roll Eyes

You have received much more merits than most people here during the past couple of weeks. You are doing very well, but merits are very scarce and have to be shared among a lot of really great posters (much more than merits available unfortunately). Don't be greedy Wink

P.S.: Most people that have already merited the OP of a good thread, don't do it anymore unless some very exceptional post comes. Really, don't care about the merits, they don't mean that much.
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December 28, 2018, 08:02:49 AM

Indeed.  One step at a time.
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December 28, 2018, 08:15:53 AM

Confused, I thought that this morning I would find some more merit in my account (not because of my publications in WO), in a few hours the thread of How Many Full Nodes Bitcoin Online? I increase visits considerably, but 0 merits.

It's a reflection, having a coffee in the morning. Roll Eyes

You have received much more merits than most people here during the past couple of weeks. You are doing very well, but merits are very scarce and have to be shared among a lot of really great posters (much more than merits available unfortunately). Don't be greedy Wink

P.S.: Most people that have already merited the OP of a good thread, don't do it anymore unless some very exceptional post comes. Really, don't care about the merits, they don't mean that much.

Ok, it's true, I have a good average, it's just impatience for Nº/100, it's not greed, I assure you.
bitserve
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December 28, 2018, 08:17:03 AM

Confused, I thought that this morning I would find some more merit in my account (not because of my publications in WO), in a few hours the thread of How Many Full Nodes Bitcoin Online? I increase visits considerably, but 0 merits.

It's a reflection, having a coffee in the morning. Roll Eyes

You have received much more merits than most people here during the past couple of weeks. You are doing very well, but merits are very scarce and have to be shared among a lot of really great posters (much more than merits available unfortunately). Don't be greedy Wink

P.S.: Most people that have already merited the OP of a good thread, don't do it anymore unless some very exceptional post comes. Really, don't care about the merits, they don't mean that much.

Ok, it's true, I have a good average, it's just impatience for Nº/100, it's not greed, I assure you.

YOu will have your Nº100 before you reach 120 activity for full member. Don't worry anymore Wink
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December 28, 2018, 08:20:38 AM

Theres a lack of merit in the system possible, its not actively available perhaps is the problem.    I literally only give 1 at most now so I dont run out, I applied as source because not enough have done so I guess .    Its a bit of tight supply overall

Quote
Common beginner error.  Miners always have a wide range of production costs.  The production cost that is publicly reported is an average.  But the standard deviation is significant.

I think its Warren Buffet who says he loves the cost of mining for gold on the high street.  His chain of pawn brokers is gaining gold at a substantially easier price then he could gain anywhere else.   Same for silver, theres a ton of silver spoons out there and so on.    In wars they just scrap every metal fence in sight, theres always supply of sorts and it should feedback to a higher price but doesnt have to be so immediately I guess
  
I know demand should be alot more then just silver sitting around but thats alot of slack in the system and maybe every metal has this type of availability.   Maybe scrappage is a bigger factor in weaker economies as anything goes.     Any time theres some kind of squeeze and people start referring to mining costs as a hard bottom, it probably isnt that hard and the market will supply via other means if hands are weak.  I think thats just how it goes, its why we get a spike down because in the moment price doesnt reflect the longer term considerations
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December 28, 2018, 08:24:27 AM

Confused, I thought that this morning I would find some more merit in my account (not because of my publications in WO), in a few hours the thread of How Many Full Nodes Bitcoin Online? I increase visits considerably, but 0 merits.

It's a reflection, having a coffee in the morning. Roll Eyes

You have received much more merits than most people here during the past couple of weeks. You are doing very well, but merits are very scarce and have to be shared among a lot of really great posters (much more than merits available unfortunately). Don't be greedy Wink

P.S.: Most people that have already merited the OP of a good thread, don't do it anymore unless some very exceptional post comes. Really, don't care about the merits, they don't mean that much.

Ok, it's true, I have a good average, it's just impatience for Nº/100, it's not greed, I assure you.

YOu will have your Nº100 before you reach 120 activity for full member. Don't worry anymore Wink

Yes, this is the goal, then I will dedicate more time to learn English ...
Thanks. Wink
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December 28, 2018, 08:37:01 AM

We don't know exactly when Virgin Roach filled his Bat Mitzvah money bags with Silver and sold all his Bitcoins but Silver average closing price for 2015 was $15.66 https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart and he sold all his Bitcoin in 2015 and went into Silver. Its doubtful he got more than $300 for each Bitcoin so had he hodled he would have, even after the nasty bear market, over 10x profit. Instead he made a mentally ill choice and sold his coins at the worst possible time to buy one of the few investments on Earth that has done jack shit for the last 3+ years. Silver is basically the same price now as it was in 2015, give or take a bit depending when he got in. Most likely he has lost a little bit while most assets on the planet were in a huge bull market. He would have been better off putting it in a Wells Fargo checking account and getting .1 percent interest per year. At least then he could have practiced talking to a woman without doing the schizo face flat effect thing when he went inside the bank. Cheesy

https://www.youtube.com/watch?v=wjvujPPMwpg Here is a paranoid schizophrenic being interviewed. Notice the stone face he has the whole time and the elaborate tales of persecution he concocts. This guy had delusions about Nazi spies in his family involved in narcotics gangs that were after him and undermining America by rigging elections. He was put in a hospital by his family. This is what Virgin Roach will devolve into if he isnt saved by Gembitz at the 100k party.
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