Bitcoin Forum
October 21, 2019, 02:22:32 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

Pages: « 1 ... 23866 23867 23868 23869 23870 23871 23872 23873 23874 23875 23876 23877 23878 23879 23880 23881 23882 23883 23884 23885 23886 23887 23888 23889 23890 23891 23892 23893 23894 23895 23896 23897 23898 23899 23900 23901 23902 23903 23904 23905 23906 23907 23908 23909 23910 23911 23912 23913 23914 23915 [23916] 23917 23918 23919 23920 23921 23922 23923 23924 23925 23926 23927 23928 23929 23930 23931 23932 23933 23934 23935 23936 23937 23938 23939 23940 23941 23942 23943 23944 23945 23946 23947 23948 23949 23950 23951 23952 23953 23954 23955 23956 23957 23958 23959 23960 23961 23962 23963 23964 23965 23966 ... 25277 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21407717 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. (109 posts by 22 users deleted.)
siggy_77
Jr. Member
*
Offline Offline

Activity: 41
Merit: 23


View Profile
May 22, 2019, 06:10:23 PM

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....
1571667752
Hero Member
*
Offline Offline

Posts: 1571667752

View Profile Personal Message (Offline)

Ignore
1571667752
Reply with quote  #2

1571667752
Report to moderator
WEEKLY BONUS Unlimited Faucet&Fastest Dice PLINKO DICE CRASH ROULETTE PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571667752
Hero Member
*
Offline Offline

Posts: 1571667752

View Profile Personal Message (Offline)

Ignore
1571667752
Reply with quote  #2

1571667752
Report to moderator
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1358
Merit: 1011


Self-made "Legendary"! :-D


View Profile
May 22, 2019, 06:13:38 PM



https://twitter.com/cz_binance/status/1131260191242981376
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:15:42 PM

?? So you actually RL use it ? What for, where, to who ......?

On the new internet the "MetaNet"
Homepage for it  https://www.agora.icu/

Ah, OK, so nowhere then. Kind of as I suspected...

Quote
We estimate the website value of agora.icu is currently at $ 278 USD and reaches roughly 361 unique users each day that generate 381 daily pageviews with a daily revenue (from advertisements, i.e Google AdSense) of $ 0 USD approximately.

http://www.siteworthtraffic.com/report/agora.icu

Your observation of very little user count is likely valid.

However, the use of Google AdSense as a means of measuring revenue on a system that was expressly architected in order to use other than eyeball advertising for its revenue model is beyond stupidity.
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:20:25 PM

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

You will not find anyone here who thinks that BCH will ever be $4k again

False statement is false.

XD
Well have you been to the Altcoins section? Everyone and their mother thinks Shitcoin X is going to upser Bitcoin and be worth 1mil.

Yes, but Shitcoin X can't trace back to the Satoshi Genesis block, and Shitcoin X's protocol does not have more in common with the original Bitcoin protocol than does that of BTC.

Quote
Like our little reality tv show move of trying to copy write Bitcoin and the Genesis paper. The fucker can't prove he's Satoshi and hell has essentially disproved it, but knows how to rile up new comers to crypto during runs doesn't he?

::le sigh:: ...aaaand we're back to 'Aussie man bad!'

And we still have not discussed the fact that Majormax was flamingly wrong in his/her blanket statement.
PLENTY of shitcoins are forks of Bitcoin that doesn't mean anything, fuck I could fork Bitcoin and put a 1 minute block with 1tb max blocks and feel like goofey everything chainer's would be drooling at it.

Yes, but that would be an even more grievous diversion from the original Bitcoin protocol. Try again.

Quote
Aussie man is the only reason the coin is still even discussed or betted on.

False statement is false.
MrFreeRoMan
Full Member
***
Offline Offline

Activity: 126
Merit: 170



View Profile
May 22, 2019, 06:20:35 PM

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

https://www.buybitcoinworldwide.com/volatility-index/
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:24:59 PM

Nodes set the rules, not miners
If the majority of miners mine blocks against consensus rules, as defined by nodes, nothing happens, as mined block, even if the longest chain is produced, are not relayed trough the network as rejected by the nodes.

The only option a so-called 'node' has when it encounters a chain it doesn't like is to orphan itself from that chain. And hope it can find another it is happy with. If the miners en masse move to a new implementation, each and every so-called 'node' merely fucks itself individually.
Biodom
Legendary
*
Offline Offline

Activity: 2100
Merit: 1305



View Profile
May 22, 2019, 06:25:59 PM

"Bitcoin is too volatile, it will never be money"

Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

So, he is saying that volatility is "steadily" increasing during the last three years?
Lol, it does feel this way, regardless.
siggy_77
Jr. Member
*
Offline Offline

Activity: 41
Merit: 23


View Profile
May 22, 2019, 06:30:31 PM

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

https://www.buybitcoinworldwide.com/volatility-index/

Ok.. so from the FAQ on that page:

Quote
How volatile is Bitcoin relative to gold and other currencies?
For comparison, the volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0%.

so the above numbers don't seem very high.. until you compare them to gold and USD....
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:35:45 PM

More tediouser than Game of Dragons
More bloodier than Deadwood
More fireworksier than Chinese New Year
More drugsier than The Wire
Duller than Soccer itself
Shinier than a Lamorghini
TV's latest sensation is
The Wall

current episode #2391x featuring
-old memes
-baby nazi
-aussie man bad
-fake coins, fake people
-merit circle jerk
-depressed gay intellectual
-soft pornos
-sex, trains, rockets, cats and dildos
-graphic pictures of lines going down and up
-people realising bitcoin is not for coffee or pizza - again

Lulzworthy.

Speaking of which, today is Laszlo's Pizza Day. Eat a pizza.
Paashaas
Legendary
*
Offline Offline

Activity: 2024
Merit: 1410



View Profile
May 22, 2019, 06:38:38 PM

Moved Jbreher on unignored out of curiosity, perhaps he changed.

Quite disappointed to see (as expected) the usual bullshit.



Back on ignored...lol.



jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:43:56 PM
Merited by infofront (1)


The immutability of the 1MB blocksize still stands if we throw out the word "protocol". Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.

I agree fully with the above but unfortunately the 1MB block size has already been abandoned when segwit was introduced.

Reading between the lines, it appears that infofront may adhere to the following hypothesis:
Once enough value gets bound up in segwit addresses, it becomes an irresistible honeypot. For while those addresses hold value under segwit rules, under the previous protocol rules, they are 'anyonecanspend' transactions. To the extent that the miners collude to roll back the chain, they are free to claim these 'anyonecanspend' TXOUTs for themselves. Every additional UTXO held in a segwit addy is additional incentive for them to behave thusly.

Once done, then the protocol and system would be back to the ersatz immutable 1MB block chain cap.

But hey - we've been over this already.

It's a theory. One which infofront may also not adhere to.  Huh
Last of the V8s
Legendary
*
Offline Offline

Activity: 1260
Merit: 2389


Be a bank.


View Profile
May 22, 2019, 06:45:29 PM

https://www.coindesk.com/us-copyright-office-says-it-does-not-recognize-craig-wright-as-satoshi
HairyMaclairy
Legendary
*
Offline Offline

Activity: 980
Merit: 1640


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 22, 2019, 06:47:25 PM

"Bitcoin is too volatile, it will never be money"


Bitcoin yearly volatility:

2011: 16%
2012: 11%
2013: 14%
2014: 13%
2015: 8%
2016: 5%
2017: 6%
2018: 7%

https://twitter.com/Rhythmtrader/status/1128657389677436928?ref_src=twsrc%5Etfw

Umm.. how is "volatility" defined in the above?  those numbers seem way low to me.....

It’s something but it’s not math

Edit: apparently it’s rolling 30 day volatility not annual
HairyMaclairy
Legendary
*
Offline Offline

Activity: 980
Merit: 1640


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 22, 2019, 06:50:50 PM

Nodes set the rules, not miners
If the majority of miners mine blocks against consensus rules, as defined by nodes, nothing happens, as mined block, even if the longest chain is produced, are not relayed trough the network as rejected by the nodes.

The only option a so-called 'node' has when it encounters a chain it doesn't like is to orphan itself from that chain. And hope it can find another it is happy with. If the miners en masse move to a new implementation, each and every so-called 'node' merely fucks itself individually.

Do we have to UASF every time you raise this misconception?  We have had this exact discussion at least five times. 
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:53:12 PM

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ?

Seems to me to be insufficient evidence for such a conclusion. But you do you.

Quote
Or its just another fud which will go around in some days ?

Maybe. Hopefully, we will learn in time.

Quote
What can we do to stop this shit?

Absofuckinlutely nothing, most likely.
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:54:48 PM

Did your old account get banned for plagiarism or what happened?

Nothing happened, and is it not relevant for new people to discuss here ? Or whats the issue?

I'm guessing that the comment was precipitated by the universal belief -- on pretty solid evidence --  that Dorian is not that Satoshi Nakamoto.
jbreher
Legendary
*
Offline Offline

Activity: 2534
Merit: 1356


lose: unfind ... loose: untight


View Profile
May 22, 2019, 06:57:04 PM

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?
A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied.

Well, the copyright office does not 'approve' claims. The registration is merely prima facie evidence of a superior claim. Any further action is contingent upon court action. Only such would lead to 'denial'.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1260
Merit: 2389


Be a bank.


View Profile
May 22, 2019, 06:59:22 PM

https://www.forbes.com/sites/billybambrough/2019/05/22/twitters-jack-dorsey-and-square-are-making-mass-bitcoin-adoption-inevitable

Resistance is futile
JayJuanGee
Legendary
*
Offline Offline

Activity: 2044
Merit: 2068


How much alt coin diversification is needed? 0%?


View Profile
May 22, 2019, 07:00:17 PM
Merited by siggy_77 (1)

[edited out]

I think this thread has a saying "never go full fiat" .. I have taken that to heart.. Even at $1million, I'm not anywhere near full fiat.   I just haven't yet put any thought into how I'll modify the formulas past that point.  

Yes.  I think that the expression works in both directions.  Don't go full fiat and don't go full BTC.  Most of the time, these days, a vast majority of people are not going to be able to go full BTC even if they wanted to, but the point remains that we are still in a fiat world, so there are many investments that are going to exist in fiat, and it remains a matter of remaining cognizant of both your investments and your allocation levels.

Some people do play around with going full fiat (or completely getting out of BTC to try to buy lower, and I personally consider that approach as an unnecessary extreme - even if the odds are decently in favor of the BTC prices going down... Hey an extreme case scenario, in my view, might be selling 80% of your BTC or something like that, but for myself, I could not imagine a feeling of necessity to sell more than 50 of my BTC in any one swoop - unless I was getting close to death or some other extreme personal scenario.



From reading all of the above, it looks like we have _scarily_ similar thought processes on this concept as a whole.  

I've found the same phenomenon with the BTC to Fiat percentages, although, mine seems to stabilize around 80% BTC to 20% fiat...  "Fiat" in this case is shorthand for "diverse portfolio of stocks, bonds, property, cash equivilants, etc..."

Well you are thinking about the matter a bit different from me in terms of how to incorporate your other investments into your BTC portfolio allocation determinations, so in that regard, I would be much less into BTC than you because I was talking about how to consider the fiat that I have dedicated to BTC investing, and I was not referring to other investments that I have.  We are all different in that regard, and there are some younger folks who get into bitcoin and they have little to no investment in other asset classes, and then they start to erroneously believe that sufficient diversification comes from investing in other cryptos....

Anywho, I am getting a bit away from the topic, and my initial goal, when getting into BTC, was to put about 10% of my total quasi-liquid assets into Bitcoin, and I probably got into the 12% to 13% territory since BTC prices remained quite flat through 2015... and furthermore, BTC's subsequent enormous price appreciation caused my allocation towards BTC to occupy a much higher amount that I did not really diversify out of, but I conceptualize the investments somewhat differently and I consider my investment in BTC to serve as a kind of self-contained and separate play toy.. that currently does add up to more than my other investments... more than double, based on current BTC prices.   

Amazingly, the stabalization point for me seems also to be around $500k.  I'd honestly be rather interested in finding out if any other WO posters are seeing the same with their long term plans...

Well, it could depend upon how much equity that they have at this point and/or if they are heavily into accumulation versus a phase that has more maintenance emphasis.  And the later stage would be a kind of cashing out phase (like you mentioned, even the cashing out phase might be incremental and prudent in terms of never cashing out all BTC absent extreme circumstances).

And yes, I agree with your quandry of figuring out ways to spend excess money. I call this my "hookers and blow" stage.. not to be taken literally of course.

Yep...  If prices are now below $10k, there should be a decent number of us active BTC HODLers who should be able to reach a kind of hookers, blow and lambo stage, especially if prices go supra $100k (of course the exact price point is going to vary).


I figure if/when BTC ever hits about $250k, then I'll take the time to extend the planning out past a million.

Like you suggest, might be too early to get ahead of ourselves in that regard.

I just can't in good faith put serious thought to that at the moment, cuz I'm sure once the point arrives where I really don't have to worry about finances for the rest of my life, I won't be exactly the same person I am now...

Ugg. heavy thoughts..  

Well, that too.  Sometimes, it is better to consider such changes and adjustments once the situation changes in a way to make the planning more realistic and more in line with where you are going to be at that time, whether that time comes in 1 year, 5 years, 10 years or some other time frame (hoping that such a time frame comes). 
HairyMaclairy
Legendary
*
Offline Offline

Activity: 980
Merit: 1640


Degenerate bull hatter & Bitcoin monotheist


View Profile
May 22, 2019, 07:00:45 PM

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?
A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied.

Well, the copyright office does not 'approve' claims. The registration is merely prima facie evidence of a superior claim. Any further action is contingent upon court action. Only such would lead to 'denial'.

It’s not prima facie evidence of anything other than evidence of a claim having been made, which claim could be made by my dog
Pages: « 1 ... 23866 23867 23868 23869 23870 23871 23872 23873 23874 23875 23876 23877 23878 23879 23880 23881 23882 23883 23884 23885 23886 23887 23888 23889 23890 23891 23892 23893 23894 23895 23896 23897 23898 23899 23900 23901 23902 23903 23904 23905 23906 23907 23908 23909 23910 23911 23912 23913 23914 23915 [23916] 23917 23918 23919 23920 23921 23922 23923 23924 23925 23926 23927 23928 23929 23930 23931 23932 23933 23934 23935 23936 23937 23938 23939 23940 23941 23942 23943 23944 23945 23946 23947 23948 23949 23950 23951 23952 23953 23954 23955 23956 23957 23958 23959 23960 23961 23962 23963 23964 23965 23966 ... 25277 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!