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

[OutOfMemory]

30 WO pages to backread  
Bitcoin did not break $50k until my return from the high mountains  

Bitcoin over $50k when (if) i return 

I should have stayed a little longer  

Anything important i was missing?

Brought you this photo of the lower heights, when i felt ready to touch the clouds:

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[ChartBuddy]

Explanation

[BlackHatCoiner]

... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government.

There are lots of downsides that come from deflation.

[Arriemoller]

... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government.

There are lots of downsides that come from deflation.

Not if they are bought and sold in bitcoin.

[BlackHatCoiner]

Not if they are bought and sold in bitcoin.

When you quote a post, you have to be a little more explanatory on where you refer to or just quote a part and not the whole message. Otherwise, I can't make any sense.

[ChartBuddy]

Explanation

[Arriemoller]

Not if they are bought and sold in bitcoin.

When you quote a post, you have to be a little more explanatory on where you refer to or just quote a part and not the whole message. Otherwise, I can't make any sense.

The stocks, that's the only thing you mention that's bought and sold.

[BlackHatCoiner]

The stocks, that's the only thing you mention that's bought and sold.

It doesn't matter if they're bought in Bitcoin, dollars, gold or potatoes. If a deflationary currency prevails, it simply isn't worth it to buy them.

[ChartBuddy]

Explanation

[marcus_of_augustus]

... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

informational

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's.

There are lots of downsides that come from deflation.

without intending to offend, you don't know what you are talking about ...

[fr4nkthetank]

It doesn't matter if they're bought in Bitcoin, dollars, gold or potatoes. If a deflationary currency prevails, it simply isn't worth it to buy them.

Well at some point the price will stabilize and btc will be used as a reserve currency for international exchanges.  Its not really deflationary, only with decreasing inflation.  we are simply in the price discovery mode until bitcoin takes over i suppose

also thats a nice view

[ChartBuddy]

Explanation

[Zedpastin]

It doesn't matter if they're bought in Bitcoin, dollars, gold or potatoes. If a deflationary currency prevails, it simply isn't worth it to buy them.

Well at some point the price will stabilize and btc will be used as a reserve currency for international exchanges.  Its not really deflationary, only with decreasing inflation.  we are simply in the price discovery mode until bitcoin takes over i suppose

also thats a nice view

BTC is already being used as a reserve currency if it becomes stable that will be when people start using it for a currency because they can purchase and sell things without worrying that next week that game they sold for $20 is now worth $5 and they lose out in money. I think most people are using it as a reserve currency now. I do not know what you mean by price discovery mode but atm BTC is in a adoption process the quicker people adopt the quicker it will become stable. If you are a investor you prolly do not want to see it stabilize soon and want to profit more on the sudden drops and rises of BTC.

[BlackHatCoiner]

without intending to offend, you don't know what you are talking about ...

Why can't one have a normal conversation in the wall observer? A constructive dialog? Why someone has to ruin it somehow?

You know what? Fine. I've stopped talking to malevolent speakers either way.

[ChartBuddy]

Explanation

[proudhon]

Another great short opportunity is upon us.

[Wekkel]

Another great short opportunity is upon us.

Quoting for posterity 

[ChartBuddy]

Explanation

[shahzadafzal]

Another great short opportunity is upon us.

Explain with math & science please.

[xhomerx10]

30 WO pages to backread  
Bitcoin did not break $50k until my return from the high mountains  

Bitcoin over $50k when (if) i return 

I should have stayed a little longer  

Anything important i was missing?

Brought you this photo of the lower heights, when i felt ready to touch the clouds:

 That is beautiful! 
Hey... wait a second!  Isn't that El duderino_'s future garden?