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

[cbutters]

is it just me or is something about to happen?

[1714778998]

1714778998

[aminorex]

including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.

Billions of dollars? Really? That's hype on a whole new level.

Really.  I can enumerate a billion in ventures without trying hard.  It's only a thousand millions, and a 5-10 million startup is begun practically every week.  Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net.  BTC turns over 6 times annually.  For each dollar of recurring cash flow multiple dollars of investment are rationally expected.

[aminorex]

However Jorge are using Universal time? or South American?

I believe he's in the Jurassic time zone.

Dimetrodon is early Permian.  Tyrannosaurus is  Cretaceous.

[aminorex]

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"

[kkaspar]

including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.

Billions of dollars? Really? That's hype on a whole new level.

Really.  I can enumerate a billion in ventures without trying hard.  It's only a thousand millions, and a 5-10 million startup is begun practically every week.  Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net.  BTC turns over 6 times annually.  For each dollar of recurring cash flow multiple dollars of investment are rationally expected.

Nah, I think it's like zillions thrown at startups every hour! It's divine money, coming directly from god. The most important thing that makes Bitcoin special (Armory) got a whole 600 000$ !

[UnDerDoG81]

What is it? Why cant we go up or down?

[cbutters]

What is it? Why cant we go up or down?

I keep looking at the volume assumming that someone is sucking up all the upwards and downwards movement..... but nope, low volume... price sitting there... the walls are moving and looking quite interesting right now though.

[delphic]

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"

"virtually" has had the same transformation.

[KeyserSoze]

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"

Welcome to the idiocracy...
I think I'm going to go ahead and claim that I am forking my reality from everyone else's. In my reality,  to ease communication (which coincidentally is the purpose of words), "literally" and "virtually" will keep its proper definition and not mean "one thing plus its opposite."

[JorgeStolfi]

After today's roller coaster, I am sure that no one cares to know that the Chinese Slumber Predictions for today, namely 3370 CNY for Huobi and 551 USD fo Bitstamp, were quite off the mark, by 680 CNY and 112 USD, respectively. So I will not tell you that.

You probably don't care to know either that since Huobi's clients were all in bed by 3:00 am,  today is a True Slumber Point.  It would be pointless to observe that, therefore,  the previous trend is no longer valid.  I am sure you don't remember me promising to never again deduce a trend from a single data point,  so you will just ignore my doing so now and will pay no attention to my prediction that tomorrow Tuesday Mar/05 at 19:00--19:59 we will have the same soup that we had today, namely 4050 CNY at Huobi, 663 USD for Bitstamp. 

Crystal Ball vs Chinese Slumber

However Jorge are using Universal time? or South American?

The "03:00 am" is local China time, which is 19:00 UTC (Greenwhich time) and 16:00 here in Campinas.

[Ivanhoe]

Now everything is so boring... What is the biggest bid wall in terms of USD you ever spotted on an exchange? I think there was a 1.2 million wall once on Mt.Gox, but i'm not entirely sure.

This one?

This must be the biggest wall, not the one i spotted though.

[podyx]

Now everything is so boring... What is the biggest bid wall in terms of USD you ever spotted on an exchange? I think there was a 1.2 million wall once on Mt.Gox, but i'm not entirely sure.

This one?

This must be the biggest wall, not the one i spotted though.

hell of a wall kid

[mogrith]

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"

Welcome to the idiocracy...
I think I'm going to go ahead and claim that I am forking my reality from everyone else's. In my reality,  to ease communication (which coincidentally is the purpose of words), "literally" and "virtually" will keep its proper definition and not mean "one thing plus its opposite."

Don't forget decimate. No one means 10% when they use it.

[arklan]

Now everything is so boring... What is the biggest bid wall in terms of USD you ever spotted on an exchange? I think there was a 1.2 million wall once on Mt.Gox, but i'm not entirely sure.

This one?

This must be the biggest wall, not the one i spotted though.

hell of a wall kid

I remember seeing that... We discussed it in the old wall thread. There was lot of "what the hell?!"

[Hfertig]

As we are discussing walls. Anyone else noticed the massive wall on bitfinex in the 700-710 area. 14.000 coins to 710. Not to forget, this includes Bitstamps order book as well. Still....

[hdbuck]

including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.

Billions of dollars? Really? That's hype on a whole new level.

Really.  I can enumerate a billion in ventures without trying hard.  It's only a thousand millions, and a 5-10 million startup is begun practically every week.  Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net.  BTC turns over 6 times annually.  For each dollar of recurring cash flow multiple dollars of investment are rationally expected.

yeah try again. LIAR

-> http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/

On the Bitcoin side, the $97.5m in venture capital that has been publicly reported underestimates the total, which would include unreported venture investment, by tens of millions of dollars. (...) Finally, it has been estimated that upwards of $200m has been invested in bitcoin mining hardware and infrastructure to date, a figure which exceeds even a less conservative estimate of the total venture capital invested in bitcoin to date.

we're far from a billion 

[JayJuanGee]

By the way, Tailor, what are you doing in this forum?  Are you just here to inform bitcoin investors of the perils of bitcoin, or do you have some meaningful purpose, besides spreading baloney distractions?

Is this an attempt to run off one of the unfaithful?

I'm here for the same reason any of us: talk about BTC.  That doesn't mean I have to be part of the echo chamber though. Once in a while it's handy to have an unbeliever in the midst, just in case the emperor really is naked.

Like most here, I'm a BTC speculator - I do hold some, and even lost some when GOX collapsed. My investment in BTC infrastructure is limited to the few bucks I've paid in exchange fees though. I've been pleasantly surprised by the price increase since the spring of 2011, but I don't believe the price accurately represents any underlying value yet. The price thus far has been determined by limited investment of money, so the market cap is on paper only. Total investment divided by total coins available would be a much smaller number.

I have NO reason to dissuade your participation in any BTC conversation so long as you are NOT just spreading speculative hype without any backing and just stirring shit.  It is easy enough to stir shit in these kinds of quasi-anonymous forums, and personally I find it a big waste of time to engage in any prolong conversations with shit-stirrers, especially in these kinds of forums.  

From your description, it does sound as if you have invested more into BTC than a mere observer, and that would definitely give you a certain amount of street credibility.  

Certainly, I do NOT claim to be any BTC expert b/c really, I only started looking into BTC in about November 2013, and my beginning to purchase BTC began in the same month..   IN that regard, I am fairly new to these kinds of BTC conversations - and so BTC has provided quite a few learning experiences for me.... which I expect such additional learning to continue into the future, absent some kind of BTC downfall, which based on my current knowledge of the situation, I do NOT expect any time in the near future....   As you would expect, I am fairly bullish on BTC, at least in the long term; however, I deny that my bullishness is a product of some kind of cultish behavior.... b/c I will adapt my investment strategies to the information that I have at my disposal and that I am able to understand and to credit.    

At this time, I consider that it is quite likely that within the next week or two that BTC will go up into the 750-850 range.. and probably remain there for a little bit stay in the sub $1000 range for a few months before going to $1500 ish.. possibly this calendar year.  Thereafter, we should get increases in prices approaching the 3-5K range by the end of 2015... However, volatility is likely to remain... and of course various negative developments could impede this trajectory.  If this plausible trajectory seems materially affected by world events, then I will adjust my strategy accordingly, including pulling completely out of BTC, if that seems the most prudent course of action.

thats it. bye bye

ps: you should listen/read a bit more rather than just writing pages and pages of BS.. i mean literally.. BULL s**t  

What drama.  

Bye.. It was kind of nice to know you, even though your above comment make no sense...  Oh, woops, you can't explain your above comment further b/c you can't hear me.      

i mean literally.. BULL s**t 

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

YEAH... hehehe.. I never thought of that.

[Wary]

Have you checked your spam folder? Gmail for example has excellent spam filtering.

I've just checked mine. Out of 25 mails in the spam folder, 4 - from "MtGox"!

info@mtgox.com and accounting@mtgox.co also...


EDIT: oh and "news@bitcoinbreaknews.com" ... "mtgox return to customers the bitcoins!" I mean, come on

And support@btcguild.com This was 2 weeks ago and wasn't spotted by the filter.  

[kkaspar]

including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.

Billions of dollars? Really? That's hype on a whole new level.

Really.  I can enumerate a billion in ventures without trying hard.  It's only a thousand millions, and a 5-10 million startup is begun practically every week.  Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net.  BTC turns over 6 times annually.  For each dollar of recurring cash flow multiple dollars of investment are rationally expected.

yeah try again. LIAR

-> http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/

On the Bitcoin side, the $97.5m in venture capital that has been publicly reported underestimates the total, which would include unreported venture investment, by tens of millions of dollars. (...) Finally, it has been estimated that upwards of $200m has been invested in bitcoin mining hardware and infrastructure to date, a figure which exceeds even a less conservative estimate of the total venture capital invested in bitcoin to date.

we're far from a billion 

No! You are wrong! It's zillions! The numbers that were presented at coindesk were put there by Satoshi only to test your faith.

[billyjoeallen]

in opportunity costs, it's well north of a billion. Millions of unpaid man hours of work. I don't think it's legit to count opportunity costs, because that's not how infrastructure costs are usually calculated.