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

[BitcoinBunny]

I see they raised the debt ceiling in the US again.
What's the point having a ceiling if it's not a ceiling?

"Democrats, who narrowly control the House, maintained party discipline to pass the hard-fought, $480bn debt limit increase"

Hard fought?
Did they have a finger battle whilst drinking their coffee and wearing their silly masks?

Also the increase is just for 2 months, by almost HALF of BTC's entire marketcap, as if it's nothing. Something that took over 10 years and the entire world with millions of hodlers + endless computation power to reach.

But sure, BTC is the bubble....

[jcojci]

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins.  They have no inherent value, because they are a currency which represents value rather than having value themselves.  The Bitcoin currency is not managed by any government agency, nor is it backed by any government.  Bitcoin values are purely dependent upon holders having faith they will continue to have value.  Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. 

I am curious what he will do after he sees this bubble

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

I wonder if he got paid to make that article and tell the public that bitcoin is not worth the investment because, as an expert, he should search for more info about bitcoin before writing the article. Many articles about the bad investment in bitcoin, but the author does not know anything about bitcoin and does not follow the bitcoin journey from the beginning until now.

[julian071]

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins.  They have no inherent value, because they are a currency which represents value rather than having value themselves.  The Bitcoin currency is not managed by any government agency, nor is it backed by any government.  Bitcoin values are purely dependent upon holders having faith they will continue to have value.  Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. 

I am curious what he will do after he sees this bubble

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

Key word here is intrinsic value.

Had a conversation with two very intelligent guys recently, both worked on AI, and both were very sceptical about BTC (one mostly because he thought governments would never accept losing control over money). I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies. BTC has a great number of capital goods, only they are decentralised, coming and going, in the form of miners and full nodes. BTC has IP, only it is open sourced. It has development, only also more decentrally organised. They found that enlightening.

But of course the biggest intrinsic value is that it actually works to safely and immutably exchange value and store other valuable information.

And then there is this inflation thing.......

[BlackHatCoiner]

I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies.

The intrinsic value debate.

[julian071]

I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies.

The intrinsic value debate.

Hehe that is long (but still interesting) thread about the definition of intrinsic value. I stand by my definition, defining it both as end-user value and as value from a 'production' point of view.

[ChartBuddy]

Explanation

[savetherainforest]

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins.  They have no inherent value, because they are a currency which represents value rather than having value themselves.  The Bitcoin currency is not managed by any government agency, nor is it backed by any government.  Bitcoin values are purely dependent upon holders having faith they will continue to have value.  Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. 

If Tulips would have lasted 4ever.. then everyone would have HODL-ed TuLips!!!

[serveria.com]

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins.  They have no inherent value, because they are a currency which represents value rather than having value themselves.  The Bitcoin currency is not managed by any government agency, nor is it backed by any government.  Bitcoin values are purely dependent upon holders having faith they will continue to have value.  Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. 

I am curious what he will do after he sees this bubble

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

I wonder if he got paid to make that article and tell the public that bitcoin is not worth the investment because, as an expert, he should search for more info about bitcoin before writing the article. Many articles about the bad investment in bitcoin, but the author does not know anything about bitcoin and does not follow the bitcoin journey from the beginning until now.

It seems the guy got fired after publishing this article (or 3 months later) as his employers understood he know shit about the topic   

[philipma1957]

Question for BobLawBlaw and all of the Wo

I am a 64 year old white straight guy.  If I wear these eyeglasses





and a dungaree jacket with the wording

"I am taking back the rainbow for straight people"

 across the back , am I an a-hole?



I always liked rainbows since I was  kid and now rainbows seem to be gay property.

Not trolling just starting a dialog.

BTW I could write  "rainbows are also for straight people".

Much less aggressive your opinions are welcome

[xhomerx10]

Haha found this funny article: https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/?sh=40081f113b08

Pay attention to the date it was published (Aug 2017). The conclusion was the best part haha:

Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins.  They have no inherent value, because they are a currency which represents value rather than having value themselves.  The Bitcoin currency is not managed by any government agency, nor is it backed by any government.  Bitcoin values are purely dependent upon holders having faith they will continue to have value.  Right now the market looks a lot more like tulip mania than careful investing.

So beware guys, Bitcoin is a bubble. 

I am curious what he will do after he sees this bubble

Maybe he is crying not involving in bitcoin.

There must be thousands of such articles. That one was published in Forbes, which is prestigious, but I think a compilation of articles warning that Bitcoin had no intrinsic value and the like would be enough to write a book.

Btw, thanks to xhomerx10 for designing my new hat.

 Just in case Poker Player is ever wealthy enough to drop the sig campaigning (but we know that never happens... isn't that right @LFC_Bitcoin?), these are his new WO habiliments.

 

avatar-sized

 

[vroom]

nice idle/clicker game with bitcoin context: http://bitsim.beepboopbitcoin.com/

[ChartBuddy]

Explanation

[eddie13]

Question for BobLawBlaw and all of the Wo

I am a 64 year old white straight guy.  If I wear these eyeglasses





and a dungaree jacket with the wording

"I am taking back the rainbow for straight people"

 across the back , am I an a-hole?



I always liked rainbows since I was  kid and now rainbows seem to be gay property.

Not trolling just starting a dialog.

BTW I could write  "rainbows are also for straight people".

Much less aggressive your opinions are welcome

More like: "I am taking back the rainbow for Christians”

Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..

ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?

I guess it depends on whose opinions you give a shit about, if any..

[ChartBuddy]

Explanation

[julian071]

Question for BobLawBlaw and all of the Wo

I am a 64 year old white straight guy.  If I wear these eyeglasses





and a dungaree jacket with the wording

"I am taking back the rainbow for straight people"

 across the back , am I an a-hole?



I always liked rainbows since I was  kid and now rainbows seem to be gay property.

Not trolling just starting a dialog.

BTW I could write  "rainbows are also for straight people".

Much less aggressive your opinions are welcome

More like: "I am taking back the rainbow for Christians”

Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..

ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?

I guess it depends on whose opinions you give a shit about, if any..

Most important is what eddie said. Whose opinion do you care about?

My POV is that the rainbow was never 'taken'. My daughter uses rainbows, and she's not gay - straight ppl can still use rainbows. It's just that ppl might think that you're gay if you wear rainbow colors, because the rainbow has also become a symbol of the LGBQ+-movement.

The question is - do you care if someone thinks you're gay? I guess you do, as by the text you add, you express that you are not, and you want other people to know that. So, it follows that you do care about other people's opinions about you, in general. Therefore, I'd advise to not wear the rainbow with the text, as it could give you stress if someone might think unfavorably about you - they might think you really are a bigot.

[philipma1957]

Question for BobLawBlaw and all of the Wo

I am a 64 year old white straight guy.  If I wear these eyeglasses





and a dungaree jacket with the wording

"I am taking back the rainbow for straight people"

 across the back , am I an a-hole?



I always liked rainbows since I was  kid and now rainbows seem to be gay property.

Not trolling just starting a dialog.

BTW I could write  "rainbows are also for straight people".

Much less aggressive your opinions are welcome

More like: "I am taking back the rainbow for Christians”

Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..

ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?

I guess it depends on whose opinions you give a shit about, if any..

Well I ordered the glasses as I always liked rainbows 🌈 .  Frankly its not a question of caring about opinions it is more that rainbows look nice and I have always liked them. I find it annoying that wearing the glasses will likely cause multiple a-holes to bother with me when I simply like the color pattern.

[BitcoinBunny]

Captain Kirk about to go to space. Hopefully everything goes well.

Hopefully some day soon we can make a similar journey for less than 0.1 BTC.

[Copetech]

Looks like Gold prices are finally starting to feel the upward push of inflationary policy. I think our BTC rise so far this month has been more of a self fulfilling prophecy situation. Price going up because everyone is expecting it to go up Oct. through Dec. But now Gold is showing the natural effects of money printer go brrr and we'll start to see BTC accelerate in its uppity climb.

[ChartBuddy]

Explanation

[matt4054]

Regarding the poll (for a change), I wonder how honest the answers are when it shows that 2/3 of holders wouldn't budge if the Satoshi coins went live into the market. To be fair it should only be a matter of time before a strong consensus is reached and enforced into the blockchain to lock these coins out of the system.

What do you think?