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

[ChartBuddy]

Explanation

[adamstgBit]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.

but i expect both this things to perform horribly for a little while longer

looking for 12$ silver!

[hmmmstrange]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

I haven't mined in 2 years with the exception of some prospecting. I will not be mining unless we get some huge deflation or the price of gold increases 30%. I do not see the price of labour decreasing so I'm left with the only option of a higher gold price or very low diesel price, ie  $1.50. My gold will be staying safely in the ground for the time being.

[adamstgBit]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

I haven't mined in 2 years with the exception of some prospecting. I will not be mining unless we get some huge deflation or the price of gold increases 30%. I do not see the price of labour decreasing so I'm left with the only option of a higher gold price or very low diesel price, ie  $1.50. My gold will be staying safely in the ground for the time being.

dude is LITERALLY sitting on a gold mine

that is pretty fucking cool

[Room101]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.

but i expect both this things to perform horribly for a little while longer

looking for 12$ silver!

yes thats why central banks around the world hold 1000's of tonnes of gold and 0 tonnes of silver.
Gold is money.
Silver is an industrial metal.
Commodities that are used in industry make terrible money

[EternalWingsofGod]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.

but i expect both this things to perform horribly for a little while longer

looking for 12$ silver!

I've always been more partial to exotic metals like Palladium for some reason
Not sure why people like Gold so much besides the gold standard
Silver I see the utility of in components
BTC the Digital version

[Richy_T]

idk gold was pricing in a zombie apocalypse...

Hey, they're working on it...

[Raystonn]

idk gold was pricing in a zombie apocalypse...

Hey, they're working on it...

Rabies-Flu hybrid covers the onslaught, though not the "undead" aspect.

[adamstgBit]

Anybody think gold will ever hit its all time high again. Charts look like twins

idk gold was pricing in a zombie apocalypse...

honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.

but i expect both this things to perform horribly for a little while longer

looking for 12$ silver!

I've always been more partial to exotic metals like Palladium for some reason
Not sure why people like Gold so much besides the gold standard
Silver I see the utility of in components
BTC the Digital version

I like silver a lot!

It has all the right properties for use as money, even if in this modern age it is pretty clear it will never be used as money, still nice to have.
It has many industrial uses, some of which are in growth like solar panels.
It gets you a lot of metal hoard for your buck, some poeple like gold because they can store a lot of value in a small space, but i ain't rich, i'd end up with 1 or 2  1oz gold coin if i invested in gold...thats no fun...
Its shinny as fuck.

I have a few little silver coins myself, and i love'm

but the price isn't right, it makes more sense for me to make a lump sum on my house and save on interest.

historically PM's don't even keep up with inflation, sure they seem to have a bit of a bubble every now and then and catch up all the  inflation thats been happening, but ya...

its a safe investment in a lot of way, can never go to 0, plus all the good things listed above.

but safe investment isn't really an investment at all... no risk no reward.

its just nice to have...

[MrPiggles]

what would the price of gold have to be to make it economical to get it out of sea water?

[adamstgBit]

what would the price of gold have to be to make it economical to get it out of sea water?

never gana happen...

if you double slivers price, suddenly everyone goes in there dusty attics and pull out their silver coin collection from 2011 and sells it!

[adamstgBit]

click here PM bugs

everything is going to be alright...

[ChartBuddy]

Explanation

[MrPiggles]

what would the price of gold have to be to make it economical to get it out of sea water?

never gana happen...

if you double slivers price, suddenly everyone goes in there dusty attics and pull out their silver coin collection from 2011 and sells it!

I wasn't askin if it could happen, i was wondering what price it would have to be to make it ecomical.

$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile

[JayJuanGee]

Buydl : the act of buying bitcoin with intentions of hodling it for eternity.

http://2.bp.blogspot.com/-LrYtP0YYlFg/VCUYpyDHZaI/AAAAAAAAAiA/lQKBd0E1XSQ/s1600/my_precious_bitcoin_conicl.jpg

Almost goes without saying that the wall observer thread has evolved various aspects of its own language.. 

[adamstgBit]

what would the price of gold have to be to make it economical to get it out of sea water?

never gana happen...

if you double slivers price, suddenly everyone goes in there dusty attics and pull out their silver coin collection from 2011 and sells it!

I wasn't askin if it could happen, i was wondering what price it would have to be to make it ecomical.

$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile

well they pulled out all kinds of silver from that shipwreck not long ago, they sold that silver for spot...

https://silvergoldbull.com/sunshine-minting/1-oz-s-s-gairsoppa-shipwreck-silver-round

[BBmmBB]

what would the price of gold have to be to make it economical to get it out of sea water?

never gana happen...

if you double slivers price, suddenly everyone goes in there dusty attics and pull out their silver coin collection from 2011 and sells it!

I wasn't askin if it could happen, i was wondering what price it would have to be to make it ecomical.

$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile

mining asteroids might make more sense ?   

[Walsoraj]

what would the price of gold have to be to make it economical to get it out of sea water?

I've consulted with Bitcoin's mining community about this and they assured me that the price of a speculative commodity/asset reflects the cost of production and therefore is always economical.

I dunno though.

[JayJuanGee]

If you are unsure to buy or sell at this point :  If you take the first two letter of BUY and the last two letters of SELL, it spells BULL.

If you take the first letter of SELL and the second letter of BUY and the second letter of SELL and then the third letter of BUY, you get SUEY.... like CHOP SUEY...

whatever that means?    

[Mark Frappeles]

Explanation

we are going to moon again ^^