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Question: Oct. 31 Closing Price:
$0 - 4 (5.1%)
<$7,000 - 10 (12.7%)
$7,000-$7,500 - 5 (6.3%)
$7,500-$8,000 - 10 (12.7%)
$8,000-$8,500 - 15 (19%)
$8,500-$9,000 - 10 (12.7%)
$9,000-$9,500 - 5 (6.3%)
$9,500-$10,000 - 4 (5.1%)
$10,000-$10,500 - 5 (6.3%)
>$10,500 - 4 (5.1%)
>$20,000 - 7 (8.9%)
Total Voters: 79

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21410279 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.)
Patel
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July 22, 2019, 03:42:27 AM

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.
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JayJuanGee
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July 22, 2019, 04:01:49 AM

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

You seem to be creating a strawman argument.

I have heard a lot of relatively bitcoin maximalist present arguments on the topic of bitcoin, yet I have not heard any one of them assert that bitcoin is the one and only and forever.

Frequently, they say things like this: 1) bitcoin is the best at the moment, 2) there is nothing really broken about bitcoin, and 3) there is nothing that is even close to bitcoin, so in that regard, even so called bitcoin maximalists might be willing to hedge their bets on another coin, if there were any that offered anything close to bitcoin and/or if there were significant and material flaws in bitcoin that were significantly and meaningfully addressed in another coin or some other project.

So, your seemingly dumbass strawman argument tries to suggest that there are a bunch of stupid-ass religious bitcoin maximalists who are going to go with bitcoin (and down with the ship) at any cost as if they are locked into their investment no matter what.

I will agree that there seem to be a whole hell of a lot of "holders of last resort" in bitcoin that cause bitcoin's price to not go down as much as some no coiners or bitcoin naysayers would prefer, but part of the likely reason that a vast majority of these  holders of last resort do not sell their bitcoin is because there is nothing significantly or meaningfully wrong with bitcoin and there is no other coin, project or asset that seems to even come close to bitcoin in terms of both fundamentals and network effects... including that bitcoin is a paradigm shifting technology that offers the world a kind of sound money in a format and reality that had never ever existed in history, which is likely going to alter history forever, and so long as bitcoin is holding that mantel, the holders of last resort are likely to stay with bitcoin.  Go figure.
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July 22, 2019, 04:09:46 AM

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

I understand this argument, even consider it myself from time to time, but it does not always work like this.

An example:
Life on earth is based on carbon. Could there be a better life, based, say, on Si? Maybe, but on this planet life appeared only once and remains the same in its basic setup. It will stay the same until it is gone (if it ever happens).

Unrelated example, really, just to show that better or even different not always come (is realistic time frames).
Better search than Google, bigger social than facebook-maybe, but not something foundational like language if we are coming closer to discussing bitcoin. We are not suddenly going to decide to use some minor language worldwide.

A bigger existing network can take over some functions, but at this point new crypto is unlikely to do it, I think.
That is with a caveat that I don't consider libra a cryptocurrency (as it is most similar to a currency ETF or a mutual fund).
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July 22, 2019, 04:16:30 AM

Fuck driving a scooter/moped. I nearly died in a car accident when I was in my early 20’s. I would have been in about 100 pieces if I was on a scooter. I’m too much of a pussy to feel safe on a scooter.

Thats why you ride one of these.



Whats behind me cannot hurt me. Cheesy

But then again hitting a tornado at 120 almost did.


I didn't see your 1pt font line until I quoted your comment to reply, it didn't even register on my eyeballs.

So I'm abandoning my previous reply to ask you this: Were you trying to just speed through the tornado, or, why didn't you turn around?

It came out of no-where, one second it was sunny and then I was in a rainstorm (the rain was nailing my hands like needles) and hit an exit with a river pouring down it and hydroplaned up the thing went between 2 cars and layed the bike down so as to not hit the rail while up and flip over onto the highway. I got really lucky that day, only ground half a kneecap off. I did end up getting a staff infection a week later as the Doc left some road in my leg and spent a few weeks fighting for the leg (apparently i should have gone right in and not walked around a week on it all swollen up) but no lasting repercussions except i had the nickname crash at the barracks for awhile after that. Grin



That sounds intense.  Glad you came out of it ok

Lads - tell us all a story. What is the best way you almost died?  



My most memorable was a few years back driving my GTR. I say memorable because I wasn't driving like an idiot it was just a freak occurrence. Driving along in the rain up in the hills on the way to my now wifes house back when she was living up there with her sister and came around a long sweeping bend; nothing unusual just like the other hundred or so times I'd driven the road. All of a sudden I'm facing the opposite direction hydroplaning into a massive tree (the only one for a few hundred meters of course) I somehow wrangle back control, come to a stop, gather my thoughts and think how lucky I was had a car not been coming the other way. Really opened my eyes to just how things can change when you're even doing everything right. I assume there was some oil or something of the sort on the road that caused me to lose control like that but I'm always cautious of that bend now... bad experience
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July 22, 2019, 04:16:46 AM

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

So you have no idea, but you are completely sure. Nice.  
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July 22, 2019, 04:31:29 AM
Last edit: July 22, 2019, 05:37:00 AM by realr0ach

BayAreaCoins has been a big blocker government agent for a long time now.

BayAreaCoins, as a paid ESF Jew shill, what is your opinion on the govt rounding up and arresting all members of the CFR, BIS, IMF, and all the Mossad Jew shills like Wolf Blitzer, Jake Tapper, and useful idiot, shabbos goyim like Anderson Cooper and executing them all for the charges of sedition, treason, human trafficking, drug trafficking, organ trafficking, financial fraud, and war crimes?

Afterwards, freeze all assets of the evil cult of Judaism in places like NYC, then drop a few strategic nukes on Israel in retribution for their hundreds of false flag terror attacks such as the USS Liberty, 9/11, and involvement in the Kalergi plan?  Then as per the coinage act of 1792, reinstate physical metals as the only form of money.


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Bitcoin != exchange rate


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July 22, 2019, 05:08:00 AM

Nothing better than a PlanB tweet to close the lazy Sunday:

https://twitter.com/100trillionusd/status/1153023408072011776?s=21



Quote
#bitcoin looks undervalued compared to Gold & Silver


why do people compare virtual things like bitcoin to physical things like gold?

SoV?
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July 22, 2019, 05:23:16 AM

why do people compare virtual things like bitcoin to physical things like gold?

SoV?

Bitcoin is a currency, not money.  It's in the word cryptocurrency just in case you're extremely slow.  Currencies are by definition all valueless, Keynesian constructs based on artificial scarcity that start at a value of zero and always return there.  They're obviously not "stores of value", but simply confidence games.  It's not possible to claim Bitcoin is a "store of value" without simultaneously claiming Dogecoin is a store of value at the same time, and by definition all 5 billion other digital shitcoins.  Obviously none of them are because they're currencies and not money.  

To be money, aka a store of value in the context of humans requires being a non-perishable, physical commodity resource.  A box of iodized table salt can serve as a limited form of money having a shelf life of 5 years, while noble metals work much better almost completely defying entropy eternally.  Bitcoin isn't even non-perishable because it's shelf life is completely unknown.  It can die to hundreds of black swans metals are immune to, and like all confidence games, it can die at any second just by falling into disfavor because it's not a resource in itself.
infofront
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July 22, 2019, 05:29:05 AM

Results:



New poll incoming
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July 22, 2019, 05:30:14 AM
Merited by JayJuanGee (1)

Bitcoin is a currency, not money.  It's in the word cryptocurrency just in case you're extremely slow.
Like Bitcoin is an actual coin, got it.
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July 22, 2019, 05:42:45 AM
Merited by HairyMaclairy (1)

why do people compare virtual things like bitcoin to physical things like gold?

SoV?

Bitcoin is a currency, not money.  It's in the word cryptocurrency just in case you're extremely slow.  Currencies are by definition all valueless, Keynesian constructs based on artificial scarcity that start at a value of zero and always return there.  They're obviously not "stores of value", but simply confidence games.
 

You are getting way to damned caught up in attempting to make your point that, instead, you make no sense.  Do you think that gold had any storage of value when it first started to be used?  Of course not.  Gold evolved into a storage of value from zero and based on confidence has been able to retain such storage of value.

Bitcoin is better than gold because it can be used as both a currency and as a storage of value, and just like gold with the passage of time, bitcoin is going to appreciate more and more in value, and perhaps at some time 100 years from now, it will stabilize with greater world adoption, yet in the process of appreciating more and more in value, bitcoin will be adopted way faster than gold and perhaps take over several of gold's use cases, because bitcoin is a better storage of value than gold.  So get the fuck out of here with repetitious conclusory assertion that bitcoin cannot be a sov because it is a currency... while it is both a currency and a storage of value and also can be used as other things as well... that gold cannot.



It's not possible to claim Bitcoin is a "store of value" without simultaneously claiming Dogecoin is a store of value at the same time, and by definition all 5 billion other digital shitcoins.  
 

Retarded.  Of course, shitcoins do not dilute bitcoin's scarcity, even if you would like to assert that it is possible to print more bitcoin through the creation of more shitcoins.  You likely know that is not true, but you continue to make such baseless assertions.

Obviously none of them are because they're currencies and not money.  
 

Focus on bitcoin, diptwat.  The other shitcoins are not relevant to this discussion, except in some peripheral way, at best, not in the kind of wrong dilution of scarcity way that you are attempting to place them.


To be money, aka a store of value in the context of humans requires being a non-perishable, physical commodity resource. 
 

Nonsense.  This a reductio ad absurdum fallacy.

A box of iodized table salt can serve as a limited form of money having a shelf life of 5 years, while noble metals work much better almost completely defying entropy itself.  Bitcoin isn't even non-perishable because it's shelf life is completely unknown.  It can die to hundreds of black swans metals are immune to, and like all confidence games, it can die at any second just by falling into disfavor because it's not a resource in itself.

You make a simple and dumb assertion that only physical matters can count.. which is merely a repetitive argument that you make that is surely a demonstration of ignorance and an appeal to ignorance.
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July 22, 2019, 05:47:49 AM
Merited by infofront (1)

Results:



New poll incoming

Are you going to provide us with an assessment of prior assertions regarding consensus?

Do you believe that I was moar koreck than you in my assertion of peak of the next high consensus?

I know I am a smart ass, especially recently.  Therefore, I will just type a couple more words (albiet repeated):

waiting.......... .



waiting....... .



 Cheesy Cheesy Cheesy Cheesy
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July 22, 2019, 05:48:34 AM

Like Bitcoin is an actual coin, got it.

That's a psychological ploy they used to try and trick people into associating something that's imaginary with no value with something that actually exists that the human mind has an affinity to as money or value - physical metal coins.  Regardless,  Bitcon is obviously a currency and not money.  It's not a commodity, not a resource, and doesn't have any of the traits required of money like fungibility, durability, acceptability, etc.  

Not fungible - no explanation needed.  No acceptability - anyone can create a digital shitcoin in their basement so they have no Schelling point, while it's not possible for humans to create a new noble metal so the Schelling point works.  As I said before, the durability of iodized table salt is 5 years and the durability of noble metals is almost eternal, while Bitcoin durability is unknown and can die at any second through numerous black swans a real commodity is immune to, or fall into disfavor and die like all confidence games because it's not a resource in itself.  It simply does not pass any of the tests of 'money' and even refers to itself as a currency and not money.
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July 22, 2019, 06:26:35 AM

Like Bitcoin is an actual coin, got it.

That's a psychological ploy they used to try and trick people into associating something that's imaginary with no value with something that actually exists that the human mind has an affinity to as money or value - physical metal coins.  Regardless,  Bitcon is obviously a currency and not money.  It's not a commodity, not a resource, and doesn't have any of the traits required of money like fungibility, durability, acceptability, etc.  

Not fungible - no explanation needed.  No acceptability - anyone can create a digital shitcoin in their basement so they have no Schelling point, while it's not possible for humans to create a new noble metal so the Schelling point works.  As I said before, the durability of iodized table salt is 5 years and the durability of noble metals is almost eternal, while Bitcoin durability is unknown and can die at any second through numerous black swans a real commodity is immune to, or fall into disfavor and die like all confidence games because it's not a resource in itself.  It simply does not pass any of the tests of 'money' and even refers to itself as a currency and not money.

"anyone can create a digital shitcoin in their basement so they have no Schelling point"

here is an example https://www.coindesk.com/diana-a-blockchain-lunar-registry-attempts-to-tokenize-the-moon
I read the article twice but still I do not understand anything.
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July 22, 2019, 06:31:26 AM

So Anonymint for some reason posted a link to a shitcoiner in Vegas walking up to a black crackhead prostitute and asking how much Bitcoin she charges and she said "1 Bitcoin".  Wasn't that interesting, but the video after that one was.  There's some guy walking in Pattaya, Thailand down the 'strip' and it's a complete freakshow.  What the hell is the deal with Pakis/whatever the hell this guy is?  Some enormous sand ape looking dude walking down the Thailand strip fondling his smaller Muslim/whatever companion LOL.  The smaller Muslim dude is looking around like what the fuck is going on here...

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July 22, 2019, 06:31:33 AM

That's a psychological ploy they used to try and trick people into associating something that's imaginary with no value with something that actually exists that the human mind has an affinity to as money or value - physical metal coins.  Regardless,  Bitcon is obviously a currency and not money.  It's not a commodity, not a resource, and doesn't have any of the traits required of money like fungibility, durability, acceptability, etc.  
Not fungible - no explanation needed.  No acceptability - anyone can create a digital shitcoin in their basement so they have no Schelling point, while it's not possible for humans to create a new noble metal so the Schelling point works.  As I said before, the durability of iodized table salt is 5 years and the durability of noble metals is almost eternal, while Bitcoin durability is unknown and can die at any second through numerous black swans a real commodity is immune to, or fall into disfavor and die like all confidence games because it's not a resource in itself.  It simply does not pass any of the tests of 'money' and even refers to itself as a currency and not money.

Of course bitcoin is fungible. One satoshi is the same as any other satoshi anywhere. Every divisible unit of bitcoin has the same properties as any other, as they are all governed by the same software with the same code and the same agreed-upon mathematical principles. Blacklisted bitcoin addresses or "colored" bitcoins render the entirety of Bitcoin non-fungible only so much as how governments can freeze and blacklist dollars or euros stored in bank accounts.

There's no "Schelling point" for Bitcoin because its only been around for 10 years. Just because something is new and still under development does not render it illegitimate. You're like the kind of person who shits on the idea of solar power because solar panels and batteries haven't been perfected yet.

You're reversing the definitions of "money" and "currency." Money is an abstract concept which is value represented by numbers, such as a bank account or a check. Currency takes a physical form and includes coins and fiat currency. In this way, cryptocurrency is actually more like money than currency, going by today's commonly-accepted definitions.
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July 22, 2019, 06:37:31 AM

Of course bitcoin is fungible.

It's not possible to have enough posts to be a "legendary" member without knowing that Bitcoin is not fungible, so one can only assume you're a lying scammer and/or idiot.  Who am I kidding, that's 99% of posters on this forum.  Shitbags that just post a constant stream of lies in order to try and attain some type of personal gain.
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July 22, 2019, 06:38:40 AM

Jesus Christ roach, you truly know nothing about anything. The guy on the right is clearly a Sikh, not a muslim, and they sure as hell don't live in the sand, you crusty ignoranus.

No wonder you never leave whatever Podunk, backwards hillbilly town you live in, you'd get your malformed ass beat down the moment you opened your mouth.

It's not possible to have enough posts to be a "legendary" member without knowing that Bitcoin is not fungible, so one can only assume you're a lying scammer and/or idiot.  Who am I kidding, that's 99% of posters on this forum.  Shitbags that just post a constant stream of lies in order to try and attain some type of personal gain.

What a great counterargument. Well thought out and very convincing. Bravo.
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July 22, 2019, 06:42:57 AM
Last edit: July 22, 2019, 07:22:21 AM by realr0ach

The guy on the right is clearly a Sikh, not a muslim

^Yes, you retarded shitcoiner.  I said the word "Paki" because I could tell he's got the India/Pakistan area headgear on, while his 'companion' doesn't really look Indian and looks more like some sort of generic Muslim from God knows where, so rather than calling up these two weirdos for an ancestry.com DNA test, I just referred to them both as Pakis.  I'm not very interested in neo-Marxist, Judeo-political correctness if you didn't notice.  I was using the general nomenclature people from the UK have popularized by referring to any strange brown invaders running around raping people or up to some type of otherworldly sex act as "Pakis".
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July 22, 2019, 07:48:08 AM
Merited by nutildah (1)

You're like the kind of person who shits on the idea of solar power because solar panels and batteries haven't been perfected yet.

Not perfect yet. But 97% self powered from 1x Powerwall + solar panels ain’t bad.

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