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

[Biodom]

 The value of gold though is completely base on the current scarcity of it.   Over then next decades the scarcity is likely to change a lot.  

The point on scarcity is correct because its already true, most of the gold mined was done in the last hundred years.   The obvious reason being the industrial revolution and the introduction of the combustion engine, of course the mining of gold increased massively.
So why isnt gold as cheap as hell, the price went up no doubt about it in any currency I've ever heard of.   Certainly sterling the oldest FIAT standard and originator via Newton of a gold standard the price altered massively from the old £1 gold coin exchanged (still made) and now £1 doesnt buy a snack.  
FIAT has exceeded the production of gold, its proven even easier to increase production. Another reason is the great population growth in the world, its not linear more like exponential growth and some view this as very negative.   I really dont as people can be gigantically productive and inventive and I rate people as an asset to any country but thats a personal view.   Gold divided among all these new people together with an ever greater bias to giant government and global corporations over the people as individuals and the origins of capitalism as capital and production with the people not the state, we have the result in gold price going up greatly and so far as I can tell will continue to go up for as long as Im around hence I hold it as capital.

What I really disagree with is the idea of gold or Bitcoin as if they oppose each other.   I'm not even going to discuss as it makes little sense, its like saying Bitcoin or live in your own house when both can be productive assets.    The argument to hold many assets not just one should be perfectly clear as we see great variation in Bitcoin, it doesnt invalidate it but it makes sense to have many options to stay stable personally

I don't disagree.   The current value of gold reflects the low value of FIAT.   I don't know if Bitcoin will replace gold or something else will or something all together different will happen.   I just expect a massive change, at least in the lifetime of my children if not my own.   Depending on the continued value of gold seems very risky.

I am hoping for bitcoin, but afraid that it would be something along 'likes" or "connections' or some other "social" credits.
Eeeww.

[Febo]

Bitcoin sign guy is a Shitcoiner now.

 


This 2 guys looks same to you?

[Last of the V8s]

they don't look much alike
maybe is joek
https://twitter.com/_jillruth/status/901290595661922305
18 months back

[JayJuanGee]

Unfortunately, I cannot merit any more Morse code at the moment because I am out of source and smerit.

How often do you guys get refilled?

Anyone who is a merit source receives each replacement spendable source merit, exactly 30 days (to the second) after spending that merit from his/her source merits.  

So if the person has a source of 60 source merits per month, then s/he can spend 2 merits per day and be replenished 2 merits per day; however, if s/he blows his/her wadd of 60 merits within 10 days, then s/he will have to wait 20 days before the first of his/her spent source merits are replenished... again each spendable source merit is replenished at the pace that it was spent.

Edit:

Unfortunately, I cannot merit any more Morse code at the moment because I am out of source and smerit.

How often do you guys get refilled?

30 days from the day it was sent. I always run low at this time of the month. I have a problem pacing myself. Unfortunately, when I use up my source merit and start using smerit, those don't replenish after 30 days. I have to earn smerit like everyone else.

hahahahahaha... Case in point:  "Pacing."   

[dyask]

 The value of gold though is completely base on the current scarcity of it.   Over then next decades the scarcity is likely to change a lot.  

The point on scarcity is correct because its already true, most of the gold mined was done in the last hundred years.   The obvious reason being the industrial revolution and the introduction of the combustion engine, of course the mining of gold increased massively.
So why isnt gold as cheap as hell, the price went up no doubt about it in any currency I've ever heard of.   Certainly sterling the oldest FIAT standard and originator via Newton of a gold standard the price altered massively from the old £1 gold coin exchanged (still made) and now £1 doesnt buy a snack.  
FIAT has exceeded the production of gold, its proven even easier to increase production. Another reason is the great population growth in the world, its not linear more like exponential growth and some view this as very negative.   I really dont as people can be gigantically productive and inventive and I rate people as an asset to any country but thats a personal view.   Gold divided among all these new people together with an ever greater bias to giant government and global corporations over the people as individuals and the origins of capitalism as capital and production with the people not the state, we have the result in gold price going up greatly and so far as I can tell will continue to go up for as long as Im around hence I hold it as capital.

What I really disagree with is the idea of gold or Bitcoin as if they oppose each other.   I'm not even going to discuss as it makes little sense, its like saying Bitcoin or live in your own house when both can be productive assets.    The argument to hold many assets not just one should be perfectly clear as we see great variation in Bitcoin, it doesnt invalidate it but it makes sense to have many options to stay stable personally

I don't disagree.   The current value of gold reflects the low value of FIAT.   I don't know if Bitcoin will replace gold or something else will or something all together different will happen.   I just expect a massive change, at least in the lifetime of my children if not my own.   Depending on the continued value of gold seems very risky.

[BTCMILLIONAIRE]

.---- ..... -....     .---- -.... --...     .---- ....- .----     .---- ..... ....-     ----- ....- -----     .---- --... .----     .---- ..... .....     ----- ....- -----     .---- ....- -....     .---- ....- -....     .---- ..... --...     ----- ....- -----     .---- -.... ....-     .---- ....- .....     .---- ----- --...     ----- ....- -----     .---- -.... ...--     .---- ..... ....-     .---- ....- .----     .---- -.... .....     .---- -.... ...--     .---- ....- .----     .---- ....- ...--     ----- ....- -----     .---- --... .----     .---- ..... -----     .---- -.... ....-     .---- ..... ....-     .---- ..... .----     .---- ....- -....

[lightfoot]

Since we're deciphering code anyway... can I ask if anyone knows what this is?

-.. . ..-. .. -. .- - . .-.. -.--  ..-. .-. . . -- .- ... --- -.

It's not the Shrine or the regular masons, nor is it IooF. I don't think it's KoC either. I have seen that before, for some reason firefighter secret society comes to mind.

I'll have to look into this one.

[Arriemoller]

via Imgflip Meme Generator
^
THANK YOU Arriemoller for sending me a collectible coin, Will be added to the collection.

What a community

You are welcome.

[Arriemoller]

via Imgflip Meme Generator
^
THANK YOU Arriemoller for sending me a collectible coin, Will be added to the collection.

What a community

How do you guys buy stuff on the forum? Do you get it sent to your home address?
I don’t think I’d be comfortable doing that, total DOX opportunity.

I use my home address, I'm not that paranoid.

[yefi]

Finex spread creeping up. Over 7.5% to Stamp now.

https://www.tradingview.com/chart/BTCUSD/wfkPbD4J-Spread-of-Bitfinex-BTC-USD-to-Bitstamp-BTC-USD/

[gentlemand]

Finex spread creeping up. Over 7.5% to Stamp now.

https://www.tradingview.com/chart/BTCUSD/wfkPbD4J-Spread-of-Bitfinex-BTC-USD-to-Bitstamp-BTC-USD/

Their cold wallet is going to get tapped with ever more intensity too.

[d_eddie]

zbefr pbqr vf bhgqngrq
bayl ryqreyl pna ernq
fubhyq hfr ebg13 vafgrnq

Vs lbh ernyyl jnag
gb fnl fbzrguvat va guerr yvarf
znxr vg n unvxh

[Toxic2040]

Finex spread creeping up. Over 7.5% to Stamp now.

https://www.tradingview.com/chart/BTCUSD/wfkPbD4J-Spread-of-Bitfinex-BTC-USD-to-Bitstamp-BTC-USD/

Their cold wallet is going to get tapped with ever more intensity too.

Until it pops.. the only way is up.

1h


D


S/L spread

[xhomerx10]

Since we're deciphering code anyway... can I ask if anyone knows what this is?

-.. . ..-. .. -. .- - . .-.. -.--  ..-. .-. . . -- .- ... --- -.

It's not the Shrine or the regular masons, nor is it IooF. I don't think it's KoC either. I have seen that before, for some reason firefighter secret society comes to mind.

I'll have to look into this one.

 Thanks!  It might help to know that the pendant belonged to my great-grandmother (born in 1880's) and I didn't have any firefighters on that side of the family.  Along that branch of the family tree, neither my grandmother nor my grandfather belonged to any secret societies either... wait, would Cosa Nostra be considered secret?  (kidding... my great-grandmother was born in Ireland)

[HI-TEC99]

Along that branch of the family tree, neither my grandmother nor my grandfather belonged to any secret societies either...

Wouldn't they have to keep a secret society membership secret from you?

[nutildah]

zbefr pbqr vf bhgqngrq
bayl ryqreyl pna ernq
fubhyq hfr ebg13 vafgrnq

Vs lbh ernyyl jnag
gb fnl fbzrguvat va guerr yvarf
znxr vg n unvxh

Must be Welsh..

[Toxic2040]

wrym continue to surface from the deep desert
1h



--------

     RIP
Peter Mayhew
May the 2nd, 2019

[Lambie Slayer]

Activate Bitfinex Bank run panic mode. 10k by Monday night.  

Regulators tried to fuck us and just pamped it on accident.


If you still have money on Bitfinex and are just too cheap to pay the spread and buy the overpriced BTC to pull out your money, well you deserve whatever happens to you for being an idiot. Get your coins off of there now!

[AlcoHoDL]

Since we're deciphering code anyway... can I ask if anyone knows what this is?

This is the closest I could find...



"Three small lapel badges of the Royal Arch Purple Degree, that depict a 2½ number within an arch as its emblem. The number 2½ represents the biblical tribes of Reuben, Gad and the half tribe of Manasseh who helped lead the people of Israel across the river Jordan to the Promised Land.

The Royal Arch Purple Degree were founded 1795 at Loughall in County Armagh and continued as part of the Orange Order. They are a Protestant fraternal organisation predominantly based in Northern Ireland but also with many Lodges in Scotland. Some Lodges were also founded in the US and amongst the Commonwealth countries.

The badge's elements are the Royal Arch with the number 2½, an eye, snake and a star."

[HairyMaclairy]

Activate Bitfinex Bank run panic mode. 10k by Monday night.  

Regulators tried to fuck us and just pamped it on accident.


If you still have money on Bitfinex and are just too cheap to pay the spread and buy the overpriced BTC to pull out your money, well you deserve whatever happens to you for being an idiot. Get your coins off of there now!

But but but I have 0.5 ETH on there and I’m very lazy.  What can I do?