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2261  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 17, 2014, 10:13:36 PM
But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

Yeah I'm going to say you are a little off there Blitz. I hold and accumulate. I am not remotely concerned with the price because as you know it is driven up and down by a relatively small cabal of whale traders. I look at the fundamentals - infrastructure, investment capital, transaction volumes, wallet numbers, merchant adoption etc. My conclusion is that accumulating coins until the next halving is likely to be profitable in the long term.

Any holders who have held this long aren't likely to be easily shaken out and will likely be adding at extreme lows. More to the point there is likely to be a lot of capital (ignoring minnow trading trolls on here) looking for a good entry with US regulation around the corner.

2262  Economy / Speculation / This user is currently ignored on: December 17, 2014, 12:54:11 AM
As we have some more slightly illogical price weakness on the exchanges I keep seeing the same old arguments trotted out by Trollchop, fewcoins and the falllling newbie alts who are proliferating on every thread (except the wall observer, i wonder why).

They keep saying 'this user is currently ignored'. Parroting it back and forth to each other and anyone who will listen (not many it seems).

Soon it will be time to make another big buy. Bitcoin is looking mighty cheap right now. If the bears are right and we re-test the 270 low then I will be liquidating some other holdings to buy in. Of course at 270 the bears will want 170 and will likely be caught short. Exocytosis wants double digits but then he predicted 100k earlier this year so..Meanwhile BTC shorts are rising and only 5k off ATH.

Anyway good hunting bitcoin bulls!
2263  Economy / Speculation / Re: Going to ~270 again. on: December 17, 2014, 12:38:40 AM
Once we get past 329, price will fall down pretty rapidly.

Tell me more.
2264  Economy / Speculation / Re: Bit coin is on a down hill slope on: December 16, 2014, 10:40:02 PM
I understand the initial get rich quick phase is now over... I am a true believer that good things comes to those that wait. I don't mind waiting a year or two and let me mining machines keep plodding away and then cash out when things get a little better... but as i keep seeing more and more big firms taking on the payment of bitcoin it feels me with more and more hope that this will in the first or second quarter of 2015...

Does anyone else agree with me on this one? 
 

I have a feeling there are still A LOT of speculators messing around keeping the price suppressed or over valued.  TBH I am not sure which one.

I use bitcoin soo.. the price can do w/e.

That's true, price can be at any level, and won't affect actual Bitcoin functionality. But investors in Bitcoin itself WILL be screwed as long as Bitcoin uses PoW, because PoW will destroy 10% of Bitcoin total marketcap every year, therefore any investors holding Bitcoin will lose 10% every year, guaranteed.

The only savior will be new money coming into the Bitcoin eco-system, if there's no new money, then investors in Bitcoin will experience a perpetual downward spiral.

Sounds great. Probably sounded great in 2011 and 2012 and 2013 and.. you get the idea.

You may have a point a few years down the line but certainly not now.
2265  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2014, 10:37:29 PM
Trolls certainly out in force hoping for a few more dollars of downdraft. Pathetic Smiley
2266  Economy / Speculation / Re: permabulls not only lost the control over this section-in fact they are extinct on: December 16, 2014, 10:35:39 PM
This user is currently ignored. This user is currently ignored. lol.
2267  Economy / Speculation / Re: Russians.. on: December 16, 2014, 10:34:48 PM
since we are dropping back to $0.001, will you also look at the price of $0.001 at few years ago and come back to tell us not big deal?

Trolling on here going into overdrive.
2268  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2014, 07:05:18 PM
Bought some more btc. Thanks bears.

2269  Economy / Speculation / Re: Bitcoin Price in 2015? on: December 16, 2014, 07:04:29 PM
And an ETF or some bullshit like that won't change that fact either.

Boy are you going to be surprised. Google how much investment capital there is in the US alone.
2270  Economy / Speculation / Re: Let's face it...most of you bears are just bitter over losing money.. on: December 15, 2014, 11:50:55 PM

I'm a bear because I think there's a good reason to be bearish when you look at the fundamentals of Bitcoin. It has no value, you can't do anything with it other than send it to somebody else. That's why I'm a bear.

Read what you posted and head back to troll finishing school with your one month old account.
2271  Economy / Speculation / Re: Let's face it...most of you bears are just bitter over losing money.. on: December 15, 2014, 11:43:08 PM

I'm a bear because I think there's a good reason to be bearish when you look at the fundamentals of Bitcoin. It has no value, you can't do anything with it other than send it to somebody else. That's why I'm a bear.

Possibly one of the most stupid comments I have ever seen on here.
2272  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2014, 11:12:46 PM
I don't get it?!
That's marketcap. Nothing more, nothing less.  
See here: http://www.investopedia.com/articles/basics/03/031703.asp or here http://en.wikipedia.org/wiki/Market_capitalization if you're not familiar with it.

Edited to fully respond to the above:  Sorry, but it was simply not implied anywhere that "all 13.6 million bitcoins are traded daily on the exchange".

1. The bitcoins traded for fiat are what determines the price. 2.When the market cap of Bitcoin went from $1 billion to $5 billion do you honestly believe that $4 billion worth of money flowed into Bitcoin? 3.Or was it perhaps a small percentage of the coins on the exchanges that were purchases raising the price?

On points that I've added to your post for clarity:

1. Yes, that's market price. However, judging by the last 12 months charts and by the very last auction it seems that market value is still bellow (possibly significantly bellow) market price, isn't it? In other words, market is not in a state of equilibrium. http://en.wikipedia.org/wiki/Economic_equilibrium
Please note that apparent stable price (apparent price consolidation) has very little to do with equilibrium.

2. A year ago market cap was almost $14 billion. Did $14 billion flow into Bitcoin? Clearly not. Do market participants believe $14 billion will flow into it? Maybe, maybe not but as we speak it seems not many believe it will do so in the near future. So to respond: no, those 4 billion did not flow into bitcoin at that time but some of the money did flow and that was enough (in terms of amount and flow rate) for many market participants to believe/anticipate/speculate that the rest of the money will flow into, in a reasonable amount of time. We are not far from finding out if their belief was justified or not...

3. Artificial scarcity and low market depth on exchanges can only manipulate the price that much. No, that's not the driving factor. On contrary, why do you think the big stakeholders didn't distribute part of their shares so as to help the ecosystem? Please don't tell me it's because of greed because I won't buy it. Well, so perhaps because they couldn't sell? What's sad imho is that if they can't do it very soon, considering there are a max of 650.000 wallets (possibly only 2-300.000 active bitcoiners as per the excellent recent analysis of Jorge Stolfi) after about 5 years, bitcoin won't have any chance to catch up with mass adoption. We are already lagging well behind the historical growth of mobile phones http://addictivelists.com/top-10-countries-with-most-cell-phone-users-in-2014/ but remember those were back in the 1985. We should have a growth comparable with internet, FB etc. Practically mass adoption is pretty much busted imho and only a strong move followed by a hyper-exponential growth in no. of users can bring us back on track. What strong move? Huge collapse of price & major coin distribution...  toward hoards of new users bringing in yet more people and their fresh money... A huge reset of that kind  is much needed. Each passing day without that happening is exactly the opposite of success but mere a slow move toward fading-out.  That's my view. I don't think bitcoin will die but if it remains a niche product for 5-10-50-100 millions users will be much like failing when compared to it's potential...

To understand my rationale, I've used the equation of enterprise value http://en.wikipedia.org/wiki/Enterprise_value together with some simplifying assumptions there. (Bitcoin ecosystem is an enterprise, albeit a very unusual one). On major assumption I've made is the enterprise value of bitcoin is growing and will continue to grow (albeit slowly imho). I don't have the proof it is true but I believe you'll accept it. Anyway, throw some figures at it and hopefully you'll agree that at equilibrium a heck of a lot of money will be needed to go from 350 to anything above 2-3k.



And yet here you are..


2273  Economy / Speculation / Re: Let's face it...most of you bears are just bitter over losing money.. on: December 15, 2014, 11:07:23 PM
In conclusion: Don't leverage, just hold.

Only on Bitcointalk is it possible to find a thread where someone pronounces that those who have been negative about the prospects for the price of an investment would have been better off buying and holding, as we come to the end of a year where prices have fallen steadily by 70%!!!!

And what's even more nuts, is that most people who read my statement above will think I'm an idiot, and just don't get it!


Most people reading it didn't buy at the peak price you and your ilk love quoting, nor would they be anything but richer in fiat terms if they sold today. Not sure why you don't understand people cheerleading something they believe in that has also the happy byproduct of (even now) having made them wealthy.

Good luck timing the market!
2274  Economy / Speculation / Re: Let's face it...most of you bears are just bitter over losing money.. on: December 15, 2014, 11:01:39 PM
Let's say, for the sake of argument, that this is true for most bears. Why does this matter, precisely? How does this counter the general price trend or prospects for adoption which are dwindling? Yes, many people got burnt by bucket shop exchanges and manipulation such that they no longer believe in the prospects of Bitcoin -- the brand has been tarred even if cryptos proceed to be successful. Thanks for noticing, I guess?

Seriously, this is counter to your own position... you realize that, right?

You have a slightly warped sense of reality, possibly reflecting your poor trading performance and the fact that your only measure of bitcoin success is short term exchange price.

Dwindling adoption prospects? Someone tell the web wallet companies, or the VC's pumping half a billion dollars into the space, or minor tech startups like microsoft and paypal integrating bitcoin this year.
2275  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2014, 10:22:03 PM
You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.

Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.



Microsoft does NOT accept Bitcoin! Price downtrend continues
Still a downtrend for long term

Falllling, stick to the troll threads please.

Edit: welcome to ignore.
2276  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2014, 10:18:26 PM
You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.

Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.

2277  Economy / Speculation / Re: Bitcoin long-term exponential trend (updated regularly) on: December 14, 2014, 06:07:45 PM
LMFAO!!! If only you fools could calculate losses this well, you wouldn't have lost all that money you're about to lose

Finally, welcome to ignore.
2278  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2014, 06:01:00 PM
...
I thought we'd see a pump now. Kinda thinking theyll drop that sunday or early monday est time.

The slow uptrend is still on, and possibly tomorrow will cross the 4h MACD, and maybe then you'll get your pump.

Are my eyes deceiving me Tzupy or did you just predict an upwards price movement?!
2279  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2014, 04:47:09 PM
Everything is coming along just fine.

Seeds have been sown... many many different seeds, in many many important places.

When I look at how far things have come in the past 3 years, and then look at the last year, if anything I am surprised that things have happened so fast, that this year just gone, has brought so much, so quickly, we are years ahead of where I expected us to be two years ago.

Great to see the Blockchain reaching to yet another birthday, still going strong.


I think a LOT is going to (continue) to happen and start to unfold in the next six months-year, from significant legal clarification from regulators (love it or hate it) which will provide much needed clarity for some. To the development and rolling out of more useful services and ventures (along with their marketing campaigns) To better more liquid exchanges, with increased transparency and backing. To developments in usability and integration and ease of use. To developments in the entire cryptocurrency and blockchain space. As this all continues to unfold (at frankly breakneck speed) and the easier and safer BTC is to use, the more use cases that are developed, the more services and businesses that integrate cryptocurrency, the more clarity that surrounds its legal status, the more clever ways people continue to develop and reach and to make BTC useful to more people around the world, the more ubiquitous BTC will become, already, as few a people in the grand scheme of things know about BTC, there are many fold more people that know about it now than they did one or two years ago. The BTC sign is now popping up all over the place, and we have only just started to see the start of that imo, within the next year or two I expect to start seeing BTC on and in more and more iconic locations and associated with more and more well known (trusted) iconic brands. Gradually via a form of direct and subliminal social osmosis Bitcoin is working its way into the public psyche, into the public lexicon, into the legal system, into the mainstream media (even in a positive light)  into peoples screens and browsers and high streets, into peoples homes, into peoples pockets.  

The next six months to a year, will be interesting, and exciting, no matter which way you look at it.

The next two years are critical ( Wink)






 


Not very on message. Haven't you seen the chart /s.

I agree with you. Now we just need to re pique the interest of the public with the tried and tested formula of a rising price creating FOMO. This time on a global scale Wink
2280  Economy / Speculation / Re: Who exactly is buying right now? on: December 14, 2014, 04:40:34 PM
The more pertinent question is who isnt buying! The pesky bears who "know" the price will go lower forever. They to the last one trolling here will duly buy in as the price rises. Thanks guys.
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