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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433350 times)
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Source: https://www.reddit.com/r/Bitcoin/comments/cfbjqh/cryptoart_bitcoin_obituaries/
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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July 20, 2019, 02:57:02 AM
Last edit: July 20, 2019, 03:19:07 AM by realr0ach

Closing this fraud exchange will be quite bullish for Bitcoin. We might have been at 100K already if Bitmex didn't exist.

Uh no, 100% wrong.  Bitcoin in functionality is essentially an energy virus with the amount of energy expended being used in an attempt to create a pseudo price floor.  The price always trends downwards to this cost of production floor so for the price of Bitcoin to currently be $100k, the amount of mining and energy used right now would need to be something like 30x higher than it currently is.  

I'm not going to bother to calculate how much energy used in sunk cost fallacy that is, but it's probably more than the energy used by every nation on the entire planet combined.  Mining capex charts also have the appearance of a thrown baseball at the top of it's arc with nowhere to go but down or sideways at best.
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July 20, 2019, 03:27:30 AM

Going to catch up with 36 pages LOL

Here you go Bhai, i am sure @Hueristic skipped some pages too Cheesy - My Biased point of view-

Guilty Grin

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July 20, 2019, 03:33:52 AM
Merited by JayJuanGee (1), nutildah (1)

Closing this fraud exchange will be quite bullish for Bitcoin. We might have been at 100K already if Bitmex didn't exist.

Uh no, 100% wrong.  Bitcoin in functionality is essentially an energy virus with the amount of energy expended being used in an attempt to create a pseudo price floor.  The price always trends downwards to this cost of production floor so for the price of Bitcoin to currently be $100k, the amount of mining and energy used right now would need to be something like 30x higher than it currently is.  

I'm not going to bother to calculate how much energy used in sunk cost fallacy that is, but it's probably more than the energy used by every nation on the entire planet combined.  Mining capex charts also have the appearance of a thrown baseball at the top of it's arc with nowhere to go but down or sideways at best.

Your fallacy is that you don't understand that the amount of hashing follows price, not the other way around.   If bitcoin soars to $100k then you will see large increases in difficultly and more miners jump on board.   It is the amount of miners that drives the power consumption and builds the floor.   If the price declines below the floor then many miners shutdown or move on.   If the price doesn't drop too far the mining will recover to a new lower level.  

In general the risk in mining is more in terms of coins produced and less in terms of fiat currencies.    If all coins mined are sold the risk is lower but the potential reward is limited.   If the coins are held the risk is much higher but the potential rewards are also much higher.   It works.  
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July 20, 2019, 03:38:43 AM

True, but it's not going away anytime soon, so better look for a workaround such as finding a local community which condemns Tinders and divorces then you increase your chances to not find yourself in such situations. Besides, who wants to be a MGTOW loser?

Incels have always existed, its just now there's a name for their condition. Back in my day it was just called being a nerd or a dork, and then the big day comes when you get laid, and you move up a notch in society, being able to somewhat relate with the rest of sexually-active humanity.

This male feminist Nutildah is the textbook posterboy for the definition of 'beta male' (actually lower than beta male).  If you want to get technical, probably most 'alpha males' are in prison, but playing by the woman's artificial rules designed entirely to benefit herself at your expense instead of playing by your own rules or some mutually agreed to pact amongst other men automatically classifies you in that category.  

The fact is that the current Jewish occupied west (feminism is entirely a Jewish invention) offers absolutely nothing positive for men to participate in.  It gives ALL leverage to women and ZERO to men.  This is why things like MGTOW came to exist - originally started in Japan under the guise of "grass men" or whatever.  People were misled as to the cause of this behavior.  They claimed the Japanese men just didn't like sex.  Wrong.  It's because women are an enormous liability posing as an asset and entering into any type of commitment with one is just willingly putting yourself into lifelong slavery.

The Japanese were like, wait, hold on a minute.  I can just not get married then not be a slave and instead spend my time doing things I'm actually interested in?  I can work 40 hours a week instead of 80 and then have actual hobbies instead of spending my time being the woman's servant 24/7?  Okay, guess I'll do that.  The "grass man" and "MGTOW" phenomenon has zero to do with attractiveness or anything else.  It's entirely based on leaving the slave plantation.  Probably 90% of people on MGTOW reddit are divorced males with 2-3 kids.  I would generally classify anyone that's a bachelor who refuses to get married as 'MGTOW' even if you look like Fabio.  It's simply refusing to accept a bad deal.
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July 20, 2019, 03:43:03 AM

Uh no, 100% wrong.  Bitcoin in functionality is essentially an energy virus with the amount of energy expended being used in an attempt to create a pseudo price floor.  The price always trends downwards to this cost of production floor so for the price of Bitcoin to currently be $100k, the amount of mining and energy used right now would need to be something like 30x higher than it currently is.  

I'm not going to bother to calculate how much energy used in sunk cost fallacy that is, but it's probably more than the energy used by every nation on the entire planet combined.  Mining capex charts also have the appearance of a thrown baseball at the top of it's arc with nowhere to go but down or sideways at best.

Even if then there are developers and will do something to adjust the mining difficulty or even the mining algorithm. BTC is still in development and always will be. That is why is unstoppable because can be adjusted and tweaked if problems occur. If you would tell me back in 2009 that in 2017 BTC would be at 20.000$ I would never believe, despite I am big BTC enthusiast from the moment I first read about it. So I can understand you and why this is so hard to believe that BTC would be worth a million in a few years.

When I read your posts I don't understand your attitude. Why are you so angry on all of us BTC believers?

Nobody is encouraging anybody to buy BTC in this thread. Just a group of BTC fans try to hang together and talk about BTC. Only haters come and start to talk trash about us and BTC.
Maybe heaters like you should open a new thread were you will be able to discuss what you want about BTC.

Why come here over and over again only to trow few epithets and accusations against the hall BTC movement?

Try to be reasonable and avoid attacks and maybe then there will be a chance for a productive discussion. Otherwise, I do not know why you even start when is obvious that nobody here takes you seriously.
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July 20, 2019, 03:56:37 AM
Last edit: July 20, 2019, 04:40:18 AM by realr0ach

Closing this fraud exchange will be quite bullish for Bitcoin. We might have been at 100K already if Bitmex didn't exist.

Uh no, 100% wrong.  Bitcoin in functionality is essentially an energy virus with the amount of energy expended being used in an attempt to create a pseudo price floor.  The price always trends downwards to this cost of production floor so for the price of Bitcoin to currently be $100k, the amount of mining and energy used right now would need to be something like 30x higher than it currently is.  

I'm not going to bother to calculate how much energy used in sunk cost fallacy that is, but it's probably more than the energy used by every nation on the entire planet combined.  Mining capex charts also have the appearance of a thrown baseball at the top of it's arc with nowhere to go but down or sideways at best.

Your fallacy is that you don't understand that the amount of hashing follows price, not the other way around.

You're trying to push a chicken and egg fallacy concerning:  who came first, the miner or the speculator?  In reality, sometimes miners expand first causing the price to rise, and sometimes speculators artificially rig the price higher trying to scam other people into taking the bait.  Also, since Bitcoin mining is designed to centralize and everyone and their mom knows ASICs have been centralized under companies like Bitmain forever, the miner and speculator is USUALLY THE SAME PERSON attempting to defraud everyone else through manipulation their monopoly on supply affords.

And for the 5000th time, if 'stock to flow' worked on something that's not a real resource or commodity, then millions of dead PoW altcoins wouldn't already exist.  How did 'stock to flow' work out for you there?  Stock to flow only works on resources humans actually need, and nobody needs Bitcoin because it's not the unit of account of anything and not a resource in itself.  I'd love for you to write a white paper proving 'stock to flow' is an ironclad law for Bitcoin but not Dogecoin, which is virtually the same thing.  The truth is it works for neither because they aren't resources people need or that you're held at gunpoint to utilize by force.  90% of the world can simply say "Fuck you. I'm not using your Jewish cashless society slavery system.  I'm using physical metals instead", then hows that 'stock to flow' work out for you?
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July 20, 2019, 05:12:03 AM

https://i.imgur.com/6w1tsIU.png

#bitcoin 2012 Stock-to-flow model still works!
You are a moron posting flat out lies in order to try and scam people just like the other 99% of financial scammers on Twitter.

Hey hey hey, it's not okay to insult people when you comment on other people's posts.

You do not realize that with this attitude you are not going anywhere.

You can say the same, talk as you want, but do not insult.
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July 20, 2019, 05:21:33 AM
Merited by JayJuanGee (1), nutildah (1)

https://i.imgur.com/6w1tsIU.png

#bitcoin 2012 Stock-to-flow model still works!
You are a moron posting flat out lies in order to try and scam people just like the other 99% of financial scammers on Twitter.

Hey hey hey, it's not okay to insult people when you comment on other people's posts.

You do not realize that with this attitude you are not going anywhere.

You can say the same, talk as you want, but do not insult.
I mean, fuck r0ach, but where the fuck have you been, like 80% of this entire thread has been insults at each other but luckily for the most part everyone takes it as good humor, except for jbreher when you call him a government mole. Then he be mad
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July 20, 2019, 05:48:31 AM

VB1001, you do not post a single original thought in this thread.  You do absolutely nothing besides repost bogus propaganda from Twitter pump and dump scammers, much like Micgoossens.  Completely useless.  Let me guess, you're an Indian boy living in Calcutta named Deepak.

The scam known as digital shitcoins are an exact metaphor for mainstream, Jewish media music.  The kikes put garbage like Faith No More on television instead of Pantera just like they try to shovel you digital shitcoin scams instead of physical metals.  They were like, hey, these Faith No More guys are fucking idiots.  This Pantera guy is way better and looks like he might be into goyim liberation ideology.  Let's shovel them some Faith No More instead.
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July 20, 2019, 05:48:59 AM
Merited by micgoossens (2)

https://i.imgur.com/6w1tsIU.png

#bitcoin 2012 Stock-to-flow model still works!
You are a moron posting flat out lies in order to try and scam people just like the other 99% of financial scammers on Twitter.

Hey hey hey, it's not okay to insult people when you comment on other people's posts.

You do not realize that with this attitude you are not going anywhere.

You can say the same, talk as you want, but do not insult.
I mean, fuck r0ach, but where the fuck have you been, like 80% of this entire thread has been insults at each other but luckily for the most part everyone takes it as good humor, except for jbreher when you call him a government mole. Then he be mad

I understand the ironic or sarcastic way that we all use in WO, is part of the thread and in that context you can practically use any adjective and no one will get upset, but this person's posts are neither ironic nor sarcastic, they simply insult and despise

I do not worry about it, but I feel sorry for his behavior. Wink




https://pbs.twimg.com/media/D_2SxSCU8AAEnOu.png

Good morning, WO,s
VB1001
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July 20, 2019, 05:58:18 AM

VB1001, you do not post a single original thought in this thread.  You do absolutely nothing besides repost bogus propaganda from Twitter pump and dump scammers, much like Micgoossens.  Completely useless.  Let me guess, you're an Indian boy living in Calcutta named Deepak.

The scam known as digital shitcoins are an exact metaphor for mainstream, Jewish media music.  The kikes put garbage like Faith No More on television instead of Pantera just like they try to shovel you digital shitcoin scams instead of physical metals.  They were like, hey, these Faith No More guys are fucking idiots.  This Pantera guy is way better and looks like he might be into goyim liberation ideology.  Let's shovel them some Faith No More instead.

You need to go out and relate to real people or you will end up worse than you are, you have all the neurons burned, use the last one you have left to walk and leave the basement.

Goodbye, have fun. Cheesy
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July 20, 2019, 05:59:44 AM
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People aren't blind. They understood how Bitcoin proceeds and where it is going.

This is not like the last time where everybody lost their shit after the gox crash.

This time the buyers pile up and buy all the cheap coins from the stupid bears. If this keeps happening, Bears will eventually run out of coins or they will get smarter and join the hodlers at least for a while till the next ath. Both of these situations have the same end result.

Don't forget some of us here are actually bears but just waiting for the right time to dump to get lambos and playing the bull game for now. Grin it is nothing to be shamed of. (You can call them "crypto bears" Cheesy)

The only real bulls here are the people like Trace Mayer who bought when it was pennies and don't even think about selling at all. I know there are people like Trace in this topic too.
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July 20, 2019, 06:03:05 AM

Closing this fraud exchange will be quite bullish for Bitcoin. We might have been at 100K already if Bitmex didn't exist.

Uh no, 100% wrong.  Bitcoin in functionality is essentially an energy virus with the amount of energy expended being used in an attempt to create a pseudo price floor.  The price always trends downwards to this cost of production floor so for the price of Bitcoin to currently be $100k, the amount of mining and energy used right now would need to be something like 30x higher than it currently is.  

I'm not going to bother to calculate how much energy used in sunk cost fallacy that is, but it's probably more than the energy used by every nation on the entire planet combined.  Mining capex charts also have the appearance of a thrown baseball at the top of it's arc with nowhere to go but down or sideways at best.

Your fallacy is that you don't understand that the amount of hashing follows price, not the other way around.

You're trying to push a chicken and egg fallacy concerning:  who came first, the miner or the speculator?  In reality, sometimes miners expand first causing the price to rise, and sometimes speculators artificially rig the price higher trying to scam other people into taking the bait.  Also, since Bitcoin mining is designed to centralize and everyone and their mom knows ASICs have been centralized under companies like Bitmain forever, the miner and speculator is USUALLY THE SAME PERSON attempting to defraud everyone else through manipulation their monopoly on supply affords.

And for the 5000th time, if 'stock to flow' worked on something that's not a real resource or commodity, then millions of dead PoW altcoins wouldn't already exist.  How did 'stock to flow' work out for you there?  Stock to flow only works on resources humans actually need, and nobody needs Bitcoin because it's not the unit of account of anything and not a resource in itself.  I'd love for you to write a white paper proving 'stock to flow' is an ironclad law for Bitcoin but not Dogecoin, which is virtually the same thing.  The truth is it works for neither because they aren't resources people need or that you're held at gunpoint to utilize by force.  90% of the world can simply say "Fuck you. I'm not using your Jewish cashless society slavery system.  I'm using physical metals instead", then hows that 'stock to flow' work out for you?

No I'm not, bitcoin already exists.   Chicken or egg doesn't matter.   
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July 20, 2019, 06:10:45 AM

Ok things are quiet.  The location game.  Prize is 10 merits to first person able to tell me where this is.  It is a well known location somewhere in the world.  More pixels will be added randomly.





Wait a little bit with pixels please, gotta do a few things This morning .... be back here in 2hours and 30 minutes ....  Cheesy Grin
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July 20, 2019, 06:12:57 AM

So here I am drinking beer and watching my 7 year old daughter take apart her little tikes fort with a socket set and screw driver.

She will be changing the oil on the car by the time she is 10.  
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July 20, 2019, 06:13:03 AM
Last edit: July 20, 2019, 07:05:32 AM by realr0ach

People aren't blind. They understood how Bitcoin proceeds and where it is going.

This is not like the last time where everybody lost their shit after the gox crash.

This time the buyers pile up and buy all the cheap coins from the stupid bears.

You would have a point if Bitcoin was actually money or a resource, but it's not.  It's just people gambling on trading - of all things - timestamps around, much like Butalik Butterin and his CryptoKitties scam.  There is no fundamental difference in Bitcoin and CryptoKitties.  In most markets cornering the whole market is actually a big thing and grants you some large amount of power and extortion/price gouging capability.  That is not the case with digital shitcoins because they're just imaginary, valueless timestamps with no way to force anyone to buy them from you.  

This is why money, as per the Aristotle definition, is required to be a real world physical commodity.  Artificial scarcity in a vacuum has no value. Anything involving artificial scarcity is just a Keynesian scam.  Things like CryptoKitties were probably the bellwether symbol of peak digital currency scam with everyone in the market after that destined to lose everything at some point:

https://hackernoon.com/how-we-made-100k-trading-cryptokitties-2d69aebe715b

Someone accussed me once of being Chris Duane (I'm not), but he has an appropriate quote this context:  "Anytime someone is getting something for nothing, someone else is getting a whole lot of nothing for something".  That's why all this garbage is an immoral scam which is destined to run out of losers willing to get nothing for something and then causing it all to implode leaving everyone penniless.
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July 20, 2019, 06:47:53 AM

So here I am drinking beer and watching my 7 year old daughter take apart her little tikes fort with a socket set and screw driver.

She will be changing the oil on the car by the time she is 10.  

Good good, keep her away from electric cars and batterie changes etc Cheesy
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July 20, 2019, 07:13:55 AM

Yeah strictly limited to changing tyres and windshield wipers on an electric car. They are scary. Not that there’s much to maintain. 
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July 20, 2019, 07:14:48 AM

Stefan Molyneux makes...shockingly obvious discovery:

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