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

[MinermanNC]

damn I should have bought up black coin last night at .00051000 it recently just broke .00090000 Its the next BTC lol, well some say"  

[Davyd05]

as long as you turn that back to btc, then I'll permit your position taking lol

[Spaceman_Spiff]

BTC gets it's price because it is traceable to USD and to the other fiat currencies that are also dependant on USD. Go pick up a book and read on what does it mean that USD is the most dominant world reserve currency and what effect does it give to other fiat currencies.

Are my turds worth 450$ a piece too?  I am sure I can exchange them for USD too, so that's where they get their value, right?

[MinermanNC]

as long as you turn that back to btc, then I'll permit your position taking lol

Most definitely 

[Mervyn_Pumpkinhead]

BTC gets it's price because it is traceable to USD and to the other fiat currencies that are also dependant on USD. Go pick up a book and read on what does it mean that USD is the most dominant world reserve currency and what effect does it give to other fiat currencies.

Are my turds worth 450$ a piece too?  I am sure I can exchange them for USD too, so that's where they get their value, right?

If someone would be foolish enough to buy your turds for 450 USD, then USD would be exactly the thing that gives your turds value. Just like with BTC.

[MinermanNC]

I feel so guilty,,, I dumped 1.00 btc today @ 464.00 lol sorry but the power bill is due next week
I know Hodl

[Nightowlace]

Incoming whale shit

[MinermanNC]

BTC gets it's price because it is traceable to USD and to the other fiat currencies that are also dependant on USD. Go pick up a book and read on what does it mean that USD is the most dominant world reserve currency and what effect does it give to other fiat currencies.

Are my turds worth 450$ a piece too?  I am sure I can exchange them for USD too, so that's where they get their value, right?

If someone would be foolish enough to buy your turds for 450 USD, then USD would be exactly the thing that gives your turds value. Just like with BTC.

Ya and will his turd pay the power bill to?? lol

[JorgeStolfi]

(see my previous post, and this thread for the ownership distribution).

I saw that thread a while ago.  Congratulations for doing that work; I wish that there was more data like that.

[Spaceman_Spiff]

BTC gets it's price because it is traceable to USD and to the other fiat currencies that are also dependant on USD. Go pick up a book and read on what does it mean that USD is the most dominant world reserve currency and what effect does it give to other fiat currencies.

Are my turds worth 450$ a piece too?  I am sure I can exchange them for USD too, so that's where they get their value, right?

If someone would be foolish enough to buy your turds for 450 USD, then USD would be exactly the thing that gives your turds value. Just like with BTC.

Speechless...

Did you read those economics books, or did somebody hit you on the head with them?

[podyx]

And more some weak attempts to insult + some weird rant that has nothing to do with the subject in question:

BTC is dependant on USD and would join the meltdown with USD if that would happen.

In another note.. I'll add my rant..
I just discovered that over time, tools like you have actually made me dislike BTC. I really used to like BTC, but after the endless conversations with the uneducated and inexperienced religious zealots, who are both ignorant and arrogant at the same time, I think that BTC would actually just be about wealth redistribution to the worse. People here are reminding me of Bolsheviks more and more. A bunch of half-witted individuals who are after personal gain with wealth/power redistribution while trying to mask it with talks of liberty and freedom.

in a meltdown maybe yes, but that was not what the subject was about

Anyway, i'm done with u

[JayJuanGee]

Sloppy would truly be an understatement if someone is actually paying you (highly?!) for financial analytics. It's more probable that you're plain out lying, because you can't be this thick even if you understand just the basic of finance.

If you would dig around the forums a bit, you should find that aminorex is one of the most knowledgeable posters around here. His way of stuffing tons of abstract concepts into one sentence might seem like pseudo-intellectual gibberish to some, but that's just because they don't see what the hell he means. I, too have my troubles with that sometimes

(I think he's the only poster ever whose intelligence got acknowledged by AnonyMint, that's got to count for something lol   )

Well, then the account of this highly intelligent individual has been compromised by an moronic jackass who he can't even understand how USD is actually THE thing that gives value to BTC?

Another example of your truly either NOT knowing what da fuck you are talking about or that you are purposefully just attempting to incite other posters.

At least try to debate against my arguments, not just make another failed attempt to insult me.
Have a cigarette, read a book, make some notes, relieve yourself from the anxiety of not getting rich without any work or education, and then try really hard. Please..

Yeah.. YOU would love to drag a variety of posters down your bullshit superficial and already debunked framings of the situation.  

That is NOT an intellectual exercise or a meaningful debate, it is a waste of time.  

I already know your MO.  As soon as anybody attempts to reasonably discuss your assertions with you, then you will either change the facts or change the topic or come up with some other bullshit highly speculative scenario that has little to NO basis in reality.  

In conclusion, largely a waste of time to accept many of your framings of the situation  b/c you are far from being genuine in any kind of attempt to deal in the real world and to account for actual facts.

The facts here are simple. BTC price is dependant on USD and it can be seen by merchants not willing to accept BTC without BitPay converting them right to USD. To those merchants, BTC is useless as a currency because it's not able to keep price stability. Only use they have for BTC is for marketing reasons and a possibility to lure in those who worship BTC.

Now, go, run boy. Buy yourself a brain and try to debate that.

Yes.. you have a way of denigrating... Whether this is a debate or NOT... maybe you are attempting to lure me into your various stupid-ass topics one by one. 

O.k.  I will bite a little bit.

Currently almost everything is pegged to the dollar, and the dollar is the most stable value point, at the moment in part because in its various forms it has nearly 20 trillion in various kinds of circulation. 


These value point and reference points can change over time and they likely will change over time.  As bitcoin gains more market capitalization and more liquidation possibilities, there will be less need to peg it to the dollar or to value it as compared with the dollar.  Part of whether there will be a need to continue to peg BTC to the dollar will depend upon adoption levels of BTC - likely at least several years into the future in my thinking before BTC will NOT be pegged to some other currency - whether the dollar or some other currency. 

Five years from now, we may be living in a different world, or if the dollar expectantly crashes, which is possible but not likely in the next several years in my thinking, unless there is a viable replacement, then we may see BTC pegged to some other currency... or if BTC were to achieve a trillion dollar market cap, then it may NOT need to be pegged to anything... possibly...  It is also possible that more than a trillion dollar market cap will be needed before we can have a world with BTC that is NOT pegged to some other asset or currency... maybe $10 trillion in today's valuations would do?

[Mervyn_Pumpkinhead]

BTC gets it's price because it is traceable to USD and to the other fiat currencies that are also dependant on USD. Go pick up a book and read on what does it mean that USD is the most dominant world reserve currency and what effect does it give to other fiat currencies.

Are my turds worth 450$ a piece too?  I am sure I can exchange them for USD too, so that's where they get their value, right?

If someone would be foolish enough to buy your turds for 450 USD, then USD would be exactly the thing that gives your turds value. Just like with BTC.

Ya and will his turd pay the power bill to?? lol

If services that convert his turds right to USD, like BitPay and billpayforcoins, start to accept his turds also, then sure. Companies would be ready to accept both bitcoin or his turds, just as long as it's converted to USD right away.

[Teppino]

i think miners are getting paid under trend but obviously  above market prices, if you look at how far we are from trend price you'll realize it's the most profitable manipulation that could be made from "big money"

[JorgeStolfi]

PS: Your "bull-mask" prediction indicate a 20% chance of staying between 400$ and 500$ this year.  Given bitcoin's volatility I think that is highly unlikely.

Indeed, I should have put more thought into those numbers.  I agree that the chance of staying in that range until december is almost zero.

[solarflare]

Mervyn_Pumpkinhead...
Pumpkinhead...

He must be trolling. Don't feed him... and don't tell me you are trying to educate him.

[JayJuanGee]

Approximate annual inflation rates since Jan/2014:
[ ... ]

O.k.  You are very selective with the period of time that you selected.  

Why don't you compare the inflation or deflation over various periods of time to put your numbers into a more accurate context... for example compare the period that you selected (January 2014 to April 2014) with April 2013 to April 2014 and/or compare your period with January 2011 to April 2014.  [ ... ]

I already posted a full complete graph of that. Twice.

With this, you are attempting to spin and to spread FUD.

"FUD" as in "Facts and Undeniable Data"?

I think that I already made my point, and the fact that you are even misquoting FUD reflects worse on you  and your motives.

[JayJuanGee]

China trying to go higher.

I was in the bear camp at £300.

I hang my head in shame. It has survived China censorship and centrally controlled free market capitalism.

Never again will I doubt, The Bitcoin.

That's the spirit!!!!   

[JayJuanGee]

Aaand... we have another weak attempt to insult, without actually trying to debate the initial point that was made here.

I don't need to do anything but to tell you that you are wrong
I'm reading some of the most stupid arguments i've ever witnessed on this forum. Did you even think at all when posting?

It is a currency/asset which have had a ROI of 120,000 and nobody still barely have a clue where it is going, OF COURSE it will be volatile. Why can't you understand volatility will be reduced alot if it were to succeed

It's kinda if I were to make a drink in my basement that would sell better then coca cola and wonder why i'm not a billionaire yet

No offence though, its all neighborhood

And more some weak attempts to insult + some weird rant that has nothing to do with the subject in question:


...............troll non-sense.....................

Yes, the troll is just trying to continue to find excuses to repeat his asinine points over and over.

[Adrian-x]

That's no bear mask, that's a full on troll-mask. Just completely giving up on the "researching" schtick I see.

Why a troll? I am very skeptical that Bitcoin will succeed, I already explained why I think so.

You are no troll Stolfi, just a bear.
PS: Your "bull-mask" prediction indicate a 20% chance of staying between 400$ and 500$ this year.  Given bitcoin's volatility I think that is highly unlikely. I would take you up on a bet if I didn't already know the answer was no  .

He is the most sophisticated of all trolls; he installs doubt so deep the sheep don’t can't question. He is the equivalent of the gold bugs in the “Gold collapsing Bitcoin up tread” who convinced me to short Bitcoin and go long on gold, he talks the talk to spins a story just overlooking a few fundamentals that polarize the conclusion.