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

[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 ^^

[MrPiggles]

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

I'm not talkin about sunken treasure. There is gold in sea water

[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

mining asteroids might make more sense ?   

yeah maybe

[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

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...

We all like Shiny Things that is the basis of society from time immemorial don't worry your not alone (precious fiat coin collection)
(Lol in a simple form of the term)
http://www.fastcodesign.com/3024766/evidence/an-evolutionary-theory-for-why-you-love-glossy-things

As an investment whatever I can use if society collapses is probally what I would consider the best investment to be honest.
Absolute value

(Food) (A bunch of Honey then the rest ^_^ not only delicious but liquid)
http://offgridsurvival.com/survivalfood/
(Bomb Shelter or Bunker assuming shit really hit the fan and an underground reservoir of water to access)
Or we can squeeze it out of rocks ...
http://www.pbs.org/wgbh/nova/next/earth/huge-underground-reservoir-holds-three-times-much-water-earths-oceans/
(Silver for my Electronic components assuming I put some manufacturing items in the bomb shelter to make stuff its malleable for silverware)
Oh and some Silicon for solar panels
The rest of the stuff assuming their is still barter could be acquried using the above.

About 20g of silver is used in every crystalline solar photovoltaic panel made so good point
http://www.ibtimes.com/silver-could-see-slow-upside-solar-panels-amid-chinese-war-pollution-1561163
So maybe its an investment in the future not immediate short but gradual long term stuff.

[hmmmstrange]

We all like Shiny Things that is the basis of society from time immemorial don't worry your not alone (precious fiat coin collection)
(Lol in a simple form of the term)
http://www.fastcodesign.com/3024766/evidence/an-evolutionary-theory-for-why-you-love-glossy-things

As an investment whatever I can use if society collapses is probally what I would consider the best investment to be honest.
Absolute value

(Food) (A bunch of Honey then the rest ^_^ not only delicious but liquid)
http://offgridsurvival.com/survivalfood/
(Bomb Shelter or Bunker assuming shit really hit the fan and an underground reservoir of water to access)
Or we can squeeze it out of rocks ...
http://www.pbs.org/wgbh/nova/next/earth/huge-underground-reservoir-holds-three-times-much-water-earths-oceans/
(Silver for my Electronic components assuming I put some manufacturing items in the bomb shelter to make stuff its malleable for silverware)
Oh and some Silicon for solar panels
The rest of the stuff assuming their is still barter could be acquried using the above.

About 20g of silver is used in every crystalline solar photovoltaic panel made so good point
http://www.ibtimes.com/silver-could-see-slow-upside-solar-panels-amid-chinese-war-pollution-1561163
So maybe its an investment in the future not immediate short but gradual long term stuff.

If the shtf and silver is worth $1000/oz, i'll come over and take your solar panels for the silver while you are in your bunker.