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

[Biodom]

Nobody truly owns any bitcoins..because the ownership is only established when you are able to apply a correct private key in a "send" tx (via hardware device or something else), albeit validation of the private key (at some other point in time) is possible. Before that, it is all allegedly. This is in principle, of course.

This is like saying that your house is not truly yours, until you put the key in the lock and open the door...

While I can see the philosophical side of your argument, I don't think it serves a purpose, really... My keys give me guaranteed access to my BTC, period. It has never failed me and never will, because it is guaranteed by code, math & science. Should a technical glitch occur (a bug in the code, perhaps, or a mempool overload), that prevents me from accessing my coins, this will likely be a global thing affecting a wide range of key owners, and should be fixable. To the best of my knowledge, throughout Bitcoin's history, there has never been a case of someone's keys not working.

Losing your keys is not relevant to the discussion. In the same manner, the possibility that you could cross a road and be killed by a passing car means that you're not really alive right now. I can see this turning religious fairly quickly...

My argument was purely philosophical, true, but it makes perfect sense from a point of view of a wealth tax, for example.
Regarding the house-also true..what exactly do you own considering that you have to pay the RE tax on it? You own maybe current equity, but i don't think you truly own the house unencumbered even if you had paid mortgage in full. Try not to pay taxes on a property you "own" for a few years and see what happens.

Thinking this way makes me free of worrying about bitcoin price fluctuations as I mentally detach from it and kind of observe it from a distance.
I don't want to spend it, so it became kind of a "thing" by itself in my mind.

[goldkingcoiner]

Nobody truly owns any bitcoins..because the ownership is only established when you are able to apply a correct private key in a "send" tx (via hardware device or something else), albeit validation of the private key (at some other point in time) is possible. Before that, it is all allegedly. This is in principle, of course.

This is like saying that your house is not truly yours, until you put the key in the lock and open the door...

....

Losing your keys is not relevant to the discussion. In the same manner, the possibility that you could cross a road and be killed by a passing car means that you're not really alive right now. I can see this turning religious fairly quickly...

If you prefer science, I can steer the argument into the realm of quantum physics? OR American divorce laws. One day its your house, other day you come back from work only to discover that your wife is now the sole house owner.  

[Biodom]

Nobody truly owns any bitcoins..because the ownership is only established when you are able to apply a correct private key in a "send" tx (via hardware device or something else), albeit validation of the private key (at some other point in time) is possible. Before that, it is all allegedly. This is in principle, of course.

This is like saying that your house is not truly yours, until you put the key in the lock and open the door...

....

Losing your keys is not relevant to the discussion. In the same manner, the possibility that you could cross a road and be killed by a passing car means that you're not really alive right now. I can see this turning religious fairly quickly...

If you prefer science, I can steer the argument into the realm of quantum physics? OR American divorce laws. One day its your house, other day you come back from work only to discover that your wife is now the sole house owner.  

true..a friend of mine came home one day, wife changed locks, then told the arrived police that he was abusive (with the guy having a truly angelic character).
Police advised him to take a hike and book a hotel room.
Now his former wife lives in the same house with her new husband (who was her boyfriend on the side at the time).
Oh, well, strange things happen in life.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cafter]

I'm going to open the door and see my future.

The sign for BTC is wrong in image, it needs to be like this "BTC"

[goldkingcoiner]

Even though you overall conclusion is positive about bitcoin, you surely make a grim showing in order to get there,
...
does it matter very much?

Its not really grim, it is wise to keep an eye out for good buying opportunities. I would love a lower Bitcoin price because I know it will go much higher in the near future. Gotta fill up those bags.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Who’s weekend pump ready?

[xzy887]

I'm going to open the door and see my future.

The sign for BTC is wrong in image, it needs to be like this "BTC"

I used it only to explain to you. How you choose the bitcoin logo is entirely up to you. Hope you understand clearly by looking at my bitcoin logo.

[goldkingcoiner]

Who’s weekend pump ready?

[psycodad]

Who’s weekend pump ready?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xzy887]

Who’s weekend pump ready?

Btw, Are you completely ready?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Antisthenes]

I have to brag tho.. Been almost a Year n a half smoke free now , coffie as well but drank one yesterday but dont feel the need for it no more at all since the dart is gone.

Good for you man.
Now if we can get you to buy some Bitcoin, that would be great.

Who’s weekend pump ready?

I’m weekend Sunday dump ready, mainly because the 3Day RSI is at oversold levels, and this is not the halving year nor the bull year, so…

By the way, you are merit abusing as far as I’m concerned, flashing plenty to our resident liars for no apparent reason.
But who cares, the merit system is corrupt to the bone anyways.



Bitcoin could be a rogue NSA project, me thinks.
#cypherpunked

Anyone care to comment on the above statement?

White noise

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

I have to brag tho.. Been almost a Year n a half smoke free now , coffie as well but drank one yesterday but dont feel the need for it no more at all since the dart is gone.

Good for you man.
Now if we can get you to buy some Bitcoin, that would be great.

Who’s weekend pump ready?

I’m weekend Sunday dump ready, mainly because the 3Day RSI is at oversold levels, and this is not the halving year nor the bull year, so…

By the way, you are merit abusing as far as I’m concerned, flashing plenty to our resident liars for no apparent reason.
But who cares, the merit system is corrupt to the bone anyways.



Bitcoin could be a rogue NSA project, me thinks.
#cypherpunked

Anyone care to comment on the above statement?

White noise

Only abusing people will say that I’m abusing merits….
There are differences
Not only sending merit to only high quality posts is a thing…
Sending merits to the members who have been carrying this forum from the start and whom to be true bitcoiners is sending high value merits each time and satisfying for myself to be able awarding them… also knowing they wil redistribute those merits to good posts….

But please don’t cry at the WO for merits or don’t try to seek them here….

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

Sweet mother of god......