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

[fillippone]

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?

1 USD= 1USD
sure.
Do you know the meme of the emptying cart, this well explain that even if 1 USD has always been equal to 1 USD, the true value (something similar to purchasing power) has been going down since inception (or 1971 at least).

So once again,
saying 1BTC=1BTC you are implying your numera ire, your basic unit of account,  is the BTC, not the dollar.

Your numeraire, your store of wealth, is the BTC, not the USD.
You are not investing USD in BTC (and price is going up).
You are investing BTC in USD (and price is going down, hence, don't hold in USD more than you are willing to lose).

When you increase your Bitcoin account you are not buying  BTC! You are selling USD!

This is, to me, the true meaning of this sentence.

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[HI-TEC99]

I'm printing paper wallets on toilet paper now.

It's the virus times version of Casascius coins

But that only works if you have toilet paper on hand. If you're fresh out and you call around and find the nearest tissue paper is at a store hundreds or thousands of miles away, you can simply drive to a closer ATM and get several sheets to wipe. Here in the US, that may be 20 bucks per wipe, but you do what you got to do.

Guys look at the master races who dont use toilet paper at all but a so called bidet

How do you get your arse dry afterwards? Do they have an arse dryer like a hot air hand dryer?

[BTCMILLIONAIRE]

Btw, 1 USD = 1 USD. So what?

1 USD =/= 1 USD due to money printing.

[bitserve]

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?

1 USD= 1USD
sure.
Do you know the meme of the emptying cart, this well explain that even if 1 USD has always been equal to 1 USD, the true value (something similar to purchasing power) has been going down since inception (or 1971 at least).

So once again,
saying 1BTC=1BTC you are implying your numera ire, your basic unit of account,  is the BTC, not the dollar.

Your numeraire, your store of wealth, is the BTC, not the USD.
You are not investing USD in BTC (and price is going up).
You are investing BTC in USD (and price is going down, hence, don't hold in USD more than you are willing to lose).

When you increase your Bitcoin account you are not buying  BTC! You are selling USD!

This is, to me, the true meaning of this sentence.

I do understand what they think they mean... it is just that it is nonsense.

You now say 1 USD = 1 USD (because that's not arguable) but also say, as if it was a differential advantage of BTC, that the "true value" of USD has been going down. Great... because that's exactly what I mean when also BTC "true" value has come down... as in past days dump. In both cases, it doesn't mean anything if 1USD=1USD or 1BTC=1BTC. Also, something that obvious (it's a fucking equal not even a function) doesn't need to be repeated as if it were gonna change anytime soon. It won't. I know 1BTC will always be 1BTC.... no matter what that implies.

Also, when I do increase my BTC count 1BTC=1BTC... but look, when i do sell my BTC... 1 BTC still is equal to 1BTC! Wow! Magic!

The supermarket cart, OTOH, is a *GREAT* example/moto to use. 1BTC=1BTC is lame.

I guess we can agree to disagree on this one. I will never think it is a good slogan/moto to use when talking about BTC... much less during a dump. It sounds like the typical loser statement to me. As in... "the important thing is to participate, not to win"... Yeah, right.

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

[bitserve]

Btw, 1 USD = 1 USD. So what?

1 USD =/= 1 USD due to money printing.

Wrong. You are talking about relative value here. If so, then 1BTC != 1BTC too.

And that not even considering forks and some other shit........

[fillippone]

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

Slightly off topic:

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520

[bitserve]

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

Slightly off topic:

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520

It is 120 for me but maybe they changed the conventions about the order of the operations or it is different depending on the country or it is using a different base?

But yeah, I get your point... even an equal sign (as in 1BTC=1BTC) might mean whatever someone wants it to mean... even if according to their very own "rules".

[jojo69]

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

Slightly off topic:

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520

we are fucking doomed

[fillippone]

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

Slightly off topic:

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520

It is 120 for me
<...>

Correct!

[BTCMILLIONAIRE]

Btw, 1 USD = 1 USD. So what?

1 USD =/= 1 USD due to money printing.

Wrong. You are talking about relative value here. If so, then 1BTC != 1BTC too.

And that not even considering forks and some other shit........

Relative value comes from supply and demand. Central banks are not just devaluing currency with the printing press, they are functionally changing and corroding it.

It's as if they had the power to make your computer worse just by printing some more, which is obviously not the case for computers. Yes, the relative value of computers changes if you shit out a lot of them, due to basic supply and demand.

They do however retain the same absolute functionality no matter how many there are.

This is not the case with fiat currency. If you print too much of it fiat loses all of its functionality as money and this happens on a gradient, e.g. the more you print the more useless your currency becomes.

If you create an infinite amount of computers the only thing that will happen is that everybody will be able to have a pretty nice tool.

[jbreher]

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Maths iz hard.

Nope, I don't believe it.

[Elwar]

Consider the halving.

Some people always throw out the idea that if the miners start getting paid half of their reward then mining will end. Well, the scenario they pose is that enough miners stop mining that the few remaining miners cannot mine a block for weeks.

The miners are now getting half of the value they were just last week.

[smartcomet]

Holding is so f**k hard.

don't want to scared WOers, just an alert.

https://twitter.com/Austen/status/1238614012205494277

Today’s economic crisis vs 2008.

Much faster, nowhere near as severe yet.

[infofront]

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Maths iz hard.

Nope, I don't believe it.

This is millennial math, where every answer is right as long as you can explain it. And everyone gets an 'A'.

[Biodom]

Consider the halving.

Some people always throw out the idea that if the miners start getting paid half of their reward then mining will end. Well, the scenario they pose is that enough miners stop mining that the few remaining miners cannot mine a block for weeks.

The miners are now getting half of the value they were just last week.

...and?

hash rate shows about 6% decline in 7-day average.

[DaRude]

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Maths iz hard.

Nope, I don't believe it.

It is 5! you better believe it

[d_eddie]

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Maths iz hard.

Nope, I don't believe it.

5! = 120

[ChuckBuck]

I was just trying to be funny.  I fully understand why people would rather make money Bitcoin than wear a silly hat.

No, nothing silly here, it's a great hat, I'm the one who wanted it, I asked you to do it for me and I like it. I just didn't take it for a short time. Recently, I had huge losses when trading and when bitcoin went down, I thought I should take some advertising money in my free time here, to offset 

I felt so dirty when I had to, feel so relieved now!

Just some campaigns let you be free with avatars, I haven't had the chance to join a campaign like you yet  Anyway, don't talk about campaigns here, I just want to say that I want to wear my hat if I can 
Guys, disease outbreak (Corona virus) is happening in most countries, please be careful of your health. Fortunately, I am working in Vietnam, only a few cases up to now, still safe to work.

[Biodom]

Holding is so f**k hard.

don't want to scared WOers, just an alert.

https://twitter.com/Austen/status/1238614012205494277

Today’s economic crisis vs 2008.

Much faster, nowhere near as severe yet.

Before today's 10% rise (aka yesterday) I was thinking that we would decline 50% (SP500 at 1696) in the first wave (a month or so), then claw back 61.8 % of that decline in 3-4 mo (to 2743). After that, hopefully, flat. Now, I am not so sure what would happen. Decided to not do any moves for now.
Curiously, TSLA did not join the fray today. Perhaps, whichever whale or whales was/were long that stock he/they finally sold it and TSLA is "free" to go down.

[bitserve]

Btw, 1 USD = 1 USD. So what?

1 USD =/= 1 USD due to money printing.

Wrong. You are talking about relative value here. If so, then 1BTC != 1BTC too.

And that not even considering forks and some other shit........

Relative value comes from supply and demand. Central banks are not just devaluing currency with the printing press, they are functionally changing and corroding it.

It's as if they had the power to make your computer worse just by printing some more, which is obviously not the case for computers. Yes, the relative value of computers changes if you shit out a lot of them, due to basic supply and demand.

They do however retain the same absolute functionality no matter how many there are.

This is not the case with fiat currency. If you print too much of it fiat loses all of its functionality as money and this happens on a gradient, e.g. the more you print the more useless your currency becomes.

If you create an infinite amount of computers the only thing that will happen is that everybody will be able to have a pretty nice tool.

Some of those points are strictly true and some are arguable. Anyways, no matter how many differences you can enumerate between USD and BTC... those are all inherent characteristics of each USD and BTC. And considering all those differential characteristics still 1 USD = 1 USD and 1 BTC = 1 BTC.

Unless you are comparing 1 USD that is not really a USD (with its inherent government controlled inflation) and a different USD (like, I donno, one that is completely different?). But that would the same than comparing one Bitcoin (BTC) to one Bitcoin (Bcash lol). They are different things, so the equal thing is not really valid even if some people might try to argue they are.

Anyways none of this really matter...

As a maths guy, can you say 1BTC = 1BTC and, at the same time and for similar reasons, say that 1 USD != 1 USD?

And... even if you can (wtf?) do you really think that is a good moto to use to show the differential advantages of BTC? I think it is a completely ridiculous one. Btw, 1BSV = 1BSV too.