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

[NotLambchop]

The buying power of the USD has remained within 10%, educate yourself.
The buying power of BTC has dropped by 65% in the last year alone.
And that's vis-a-vis teh USD, so, according to you, likely much more.

Straw man much?

I told you what I meant by 10%.  You chose to ignore that.  Grasping at straws much?
*Bitcoin not depreciating more than 65% implies that the USD didn't depreciate at all, if the logic of that is not obvious.

[simmo77]

.... some people started singing it, not knowing what it was...
.... and they'll continue singing it forever, just because...

[octaft]

Price goes from $10-$1000 in a year, drops from $1000-$300 in about the same time.

So stable.  

[NewLiberty]

The buying power of the USD has remained within 10%, educate yourself.
The buying power of BTC has dropped by 65% in the last year alone.
And that's vis-a-vis teh USD, so, according to you, likely much more.

Straw man much?

I told you what I meant by 10%.  You chose to ignore that.  Grasping at straws much?

Nope, I up'd your 10% and gave you 0%
The USD is perfectly stable when measured in USD over all arbitrary time-frames.
Your tautology is just fine.

We can pick arbitrary exchange pairs and timeframes until your cartoon animals fade to black.  Bitcoin will still be around long after you waste your time trying to convince people of anything.

[Wolke]

anybody the same problem ?

Code:

We are currently experiencing technical issues.
Please try again later, or contact Customer support at 400-6643-033. We apologize for the inconvenience.

is there any chance to contact btc china with skype or pn ?
the mail support is very slowly, and qq didn't work...

[NotLambchop]

...
Nope, I up'd your 10% and gave you 0%
The USD is perfectly stable when measured in USD over all arbitrary time-frames.
Your tautology is just fine.

We can pick arbitrary exchange pairs and timeframes until your cartoon animals fade to black.  Bitcoin will still be around long after you waste your time trying to convince people of anything.

Fruit flies have better memory than you.  Allow me to help, look for the red boldface text, and the words "buying power":

...
The USD hasn't remained within 10% of anything except the USD, which is all that it is redeemable for anyhow.

The buying power of the USD has remained within 10%, educate yourself.
The buying power of BTC has dropped by 65% in the last year alone.
And that's vis-a-vis teh USD, so, according to you, likely much more.

[noobtrader]

anybody the same problem ?

Code:

We are currently experiencing technical issues.
Please try again later, or contact Customer support at 400-6643-033. We apologize for the inconvenience.

is there any chance to contact btc china with skype or pn ?
the mail support is very slowly, and qq didn't work...

https://vip.btcchina.com/ 

seem ok, i use firefox which is better than chrome for this site.

[NewLiberty]

Price goes from $10-$1000 in a year, drops from $1000-$300 in about the same time.

So stable.  

There is a difference between the folks who are trying to understand and those who willfully misunderstand.  
There are some folks who are just trying to wrap their heads around all this stuff for the first time and are confused by the conflation of the different merits of:
1) price stability
2) existential stability (or "resilience" if you prefer)

As to the first.
Bitcoin price stability is highly volatile.  If this were not true, it would still be 10 to a penny, or maybe up to 5 by now?  But no its more than 5 orders of magnitude more than that and still going strong.  Just ask Microsoft.

As to the second.
We are looking at decades ahead, and how to get there without requiring a military or regional regime (which are quite expensive things to maintain) to prop up a currency just so we can do our every day lives.  Let the government do the things that it is good at, and not managing a currency, which it isn't good at.

[inca]

Please stop quoting the contrarian troll. Out shopping, time too scarce for bs rehashed arguments and ponies.

[octaft]

There is a difference between the folks who are trying to understand and those who willfully misunderstand.  
There are some folks who are just trying to wrap their heads around all this stuff for the first time and are confused by the conflation of the different merits of:
1) price stability
2) existential stability (or "resilience" if you prefer)

I imagine the first matters a lot more than the second to most.

If by "existential stability" you mean "resilience," then why don't you just say "resilience?"

[ChartBuddy]

Explanation

[NotLambchop]

...Just ask Microsoft.
...

Microsoft couldn't care less about Bitcoin's stability.  It would accept autumn leaves as payment, as long as there was a payment processor exchanging those leaves into USD & Microsoft didn't have to touch them

[NotLambchop]

...
If by "existential stability" you mean "resilience," then why don't you just say "resilience?"

It doesn't sound as smartiferous.

[Wolke]

anybody the same problem ?

Code:

We are currently experiencing technical issues.
Please try again later, or contact Customer support at 400-6643-033. We apologize for the inconvenience.

is there any chance to contact btc china with skype or pn ?
the mail support is very slowly, and qq didn't work...

https://vip.btcchina.com/ 

seem ok, i use firefox which is better than chrome for this site.

thanks... sorry, i forgot to wrote -> that the error only comes @ the API...

[FatherBob]

Lay not up for yourselves treasures upon teh banks, where moth and rust doth corrupt, and where thieves break through and steal:
But lay up for yourselves treasures in teh blockchain, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal.

  ~Rev. FatherBob

[JorgeStolfi]

still going strong.  Just ask Microsoft.

No need to ask.  They want dollars, and will not accept bitcoin.  If you want to pay with bitcoin, you must open an account at Coinbase, sell your coins to Coinbase, and tell Coinbase to send the dollars to Microsoft. 

[shmadz]

...

I don't think I've ever seen anyone so willfully dense as our beloved professor.

[NewLiberty]

There is a difference between the folks who are trying to understand and those who willfully misunderstand.  
There are some folks who are just trying to wrap their heads around all this stuff for the first time and are confused by the conflation of the different merits of:
1) price stability
2) existential stability (or "resilience" if you prefer)

I imagine the first matters a lot more than the second to most.

If by "existential stability" you mean "resilience," then why don't you just say "resilience?"

To most the first matters more, until the second matters at all, and then the second matters a LOT more.
You are right about "most" people.  Most people aren't monetary architects and shouldn't be made to think of either of these and ought live their happy lives without such concerns.

The few intrepid folks that find their way to this cranny of the internet are not like most people.  Bitcoin folks are also generally smarter and more attractive than "most" people.  These people can handle such distinctions and recognize the importance of both.

Going out on the limb that your question isn't rhetorical...I'll make the joke of taking it seriously.
I don't just say resilience because by "existential stability" I mean precisely "existential stability" and not some other thing.  Resilience is one of many factors of existential stability and so it is easier for some people to understand and discuss.  The parenthetical was to be helpful for that understanding, but they are not generally equivalent terms, just sufficiently exchangeable in this context.

[diabLEEca]

Hey guys, weren't you supposed to observe the walls in this thread by any chance? How come nobody's mentioned how someone on Huobi has been manipulating the price today with a 2-3k wall at 2000 CNY which keeps appearing and disappearing?



Also, the short-term uptrend and the medium-term downtrend lines are just about to cross...

[NewLiberty]

...

I don't think I've ever seen anyone so willfully dense as our beloved professor.

Yes, he is frequently mistaken.  He thinks you need a Coinbase account to pay Microsoft?  No, that would be only if you want to RECEIVE bitcoin from Microsoft.  (for example when getting a refund).

Edit: Wait, that's Overstock that does that.  Doesn't MSFT use Bitpay?

I give him a pass though, by his reports, Jorge has never actually used the stuff, so anything practical is likely not something he would be expected to understand.