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

[NewLiberty]

The Argentine Peso was a case-study justification for Bitcoin, until Bitcoin underperformed even it

If we pick an arbitrary time-frame where that is true, sure.  Can say the opposite also.

Discussing existential stability, we still have to wait a while in order to see which one is here in the end.

>existential stability

What does that mean?  Another meaningless phrase coined by coiners?

You could probably figure it out from the rest of the sentence, but there is a hint for those without English language skills or dictionaries:  The first part of the word sounds like "exist".

[NotLambchop]

Bitcoin relies on math.  So do banks.  So do random number generators.  So do shitcoins.
If you seriously need examples of things more stable than Bitcoin, there's the dollar.  And the peso, for that matter

The difference being that each of the national fiats rely on a particular regional taxation and military regime and those people pulling its strings to keep those strings untangled, unbroken, and well sorted.
Lol, the dollar, which is
There is nothing more unstable than people.  You are evidence enough of that.

Over the lifespan of Bitcoin, its value has increased by 999999999%, and over the last year has tanked by ~65%.
In the same timespan, the USD has remained within 10%.
Just stop, brah.

Why, you can't handle the truth?

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.

[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?

[NotLambchop]

The Argentine Peso was a case-study justification for Bitcoin, until Bitcoin underperformed even it

If we pick an arbitrary time-frame where that is true, sure.  Can say the opposite also.

Discussing existential stability, we still have to wait a while in order to see which one is here in the end.

>existential stability

What does that mean?  Another meaningless phrase coined by coiners?

You could probably figure it out from the rest of the sentence, but there is a hint for those without English language skills or dictionaries:  The first part of the word sounds like "exist".

Lol, so "stability that exists"?  Vs. "stability which doesn't exist"?  Way to sound all smartarific there, NewLiberty

[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.