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

[TERA]

has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ?

Yes, pyramid schemes usually have that effect. Those who invested will only make money if more people invest (and hold) so that the price goes up so that they can sell with profit.

You don't see people who bought Apple or Google stock pestering everyone in sight to buy too. Real investors know that other real investors do not pay attention to hype, they look for fundamentals.

As for "increasing adoption", do not see it in the blockchain:

https://blockchain.info/charts/estimated-transaction-volume
https://blockchain.info/charts/n-transactions

Also this chart seems to say that the bitcoin system currently costs 30 USD per transaction:
https://blockchain.info/charts/cost-per-transaction
The cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees.  If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD.

Because growing btc adoption is more than just about increasing the price and making money; it is about building a world with economic freedom and an advanced programmable payments technology.

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[TERA]

My new view of the market:



I wouldn't be suprised to see flat for an entire year.

[ChartBuddy]

Explanation

[spooderman]

we r in teh 300k blocks now! Time to go manstrum!

[Kupsi]

I believe someone in this thread should watch this video  

https://www.youtube.com/watch?v=qHUPPYzzZrI

[octaft]

First of all, my opinion is not on bitcoin, strictly on its price. Second, I agree that crypto will revolutionize the finances. Just decided not to buy bitcoin atm, is all .

BTW, I am not trying to write some manifesto on my personal investing philosophy. Somebody asked why the price falling without any bad news. I tried to answer as a representative of people having money put aside for high risk investments and being able to buy btc instantly, but nevertheless not buying them atm.

WTF?   I had been attempting to give you the benefit of the doubt in my various responses to you, and now you are talking like a fool.  I do NOT usually like to preach to anyone, but your recent responses seem to merit some preaching.

If you are prepared to make various investments into potentially risky asset classes, then do that with bitcoin - rather than sitting on the sidelines and getting caught up by the price... fuck the price.. 

This bitcoin matter is NOT a religion, so get that out of your head.. b/c if you believe that people who are investing in BTC are lured in to some kind of religious perspective, you are deluded and failing to see reality and oversimplifying based on FUD.

If you have been learning about bitcoin in recent months and seriously considering bitcoin as a potential investment (rather than trolling us like some fool, like Jorge, and maybe there are a few others that fit into that category), then you should realize that you do NOT have to buy a whole bitcoin.  Buy a fucking fraction of a bitcoin, such as .1BTC or some other level that is comfortable for you.  If you are seriously considering the relative value of bitcoin as compared with other investments, such as penny stocks, you should at least recognize that you will learn more about bitcoin by going through the process of putting a little skin into the game and buying some small amount.  If you believe that .1BTC is too much for you and you believe the price could drop more, then buy .05BTC or some smaller amount and wait it out.  Maybe you will be correct and the price will drop.   On the other hand, the odds seem to be that the price is NOT dropping much more and it is more likely to go up from here within the next few hours or months (we cannot know exactly when, but it seems more likely to go up rather than to go down). 

In sum, I am suggesting in a nice way that you just get involved a little bit more than you are, rather than seeming to preach and judge us from some sideline idiotic perspective.  The farce and idiocy of Jorge and his ilk is to invest so much time into learning about bitcoin, and NOT to put a little bit of skin into the game based on some high falutin perspective that you are above bitcoin.

There's no reason to call him names just because he presented his opinion, relatively innocently, I might add.

BTW Jorge imo is not trolling. He may turn out to be horribly wrong, but I don't think he is a fool, and I think he honestly believes what he says here. He has a couple trolling posts, but he makes them (I believe purposefully) quite obvious.

[dreamspark]

Some substantial support building at around $430 at the moment.

5160 BTC to drop $16.

[dreamspark]

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

[soullyG]

Does anyone know where I can find videos/livestream from the Amsterdam Bitcoin 2014 conference?

[Hunyadi]

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

There have been already so many jorges. Always with the same arguments. Over and over again...

[YipYip]

Don't you know that because price went from 10 to 1000, that it will go from 400 to 40000 just as easily?

And from 40,000 to 4,000,000 just as easily? Yeah, it is exactly the part I am not "getting". Perhaps because I am a mathematician and vaguely remember from school that amount of money in the Universe is finite . But you are just trolling, right?

No u are being a troll moron

So crypto is @ 100 % saturation @ we have hit a retraction point of all potential market cap

Either you are trolling or are stupid Mathematics noob

[dreamspark]

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

There have been already so many jorges. Always with the same arguments. Over and over again...

Yep but the difference with this Jorge is he's actually a very intelligent man who you can learn a lot from, but like all academics they don't take kindly to being proven wrong

[ChartBuddy]

Explanation

[Hunyadi]

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

There have been already so many jorges. Always with the same arguments. Over and over again...

Yep but the difference with this Jorge is he's actually a very intelligent man who you can learn a lot from, but like all academics they don't take kindly to being proven wrong

Of course. Still, BTC=pyramid scheme is getting really old

[Davyd05]

China breaking out at bedtime?

[kehtolo]

Now that is a surprise!

On a friday too.. it might not be such a quiet weekend afterall!

[dannyspk]

Good old volume at Huobi. Breakout this time or another dump ahead?

[_javi_]

huobi´s price just passed stamp..
pump up the jam!!

[JayJuanGee]

First of all, my opinion is not on bitcoin, strictly on its price. Second, I agree that crypto will revolutionize the finances. Just decided not to buy bitcoin atm, is all .

BTW, I am not trying to write some manifesto on my personal investing philosophy. Somebody asked why the price falling without any bad news. I tried to answer as a representative of people having money put aside for high risk investments and being able to buy btc instantly, but nevertheless not buying them atm.

WTF?   I had been attempting to give you the benefit of the doubt in my various responses to you, and now you are talking like a fool.  I do NOT usually like to preach to anyone, but your recent responses seem to merit some preaching.

If you are prepared to make various investments into potentially risky asset classes, then do that with bitcoin - rather than sitting on the sidelines and getting caught up by the price... fuck the price.. 

This bitcoin matter is NOT a religion, so get that out of your head.. b/c if you believe that people who are investing in BTC are lured in to some kind of religious perspective, you are deluded and failing to see reality and oversimplifying based on FUD.

If you have been learning about bitcoin in recent months and seriously considering bitcoin as a potential investment (rather than trolling us like some fool, like Jorge, and maybe there are a few others that fit into that category), then you should realize that you do NOT have to buy a whole bitcoin.  Buy a fucking fraction of a bitcoin, such as .1BTC or some other level that is comfortable for you.  If you are seriously considering the relative value of bitcoin as compared with other investments, such as penny stocks, you should at least recognize that you will learn more about bitcoin by going through the process of putting a little skin into the game and buying some small amount.  If you believe that .1BTC is too much for you and you believe the price could drop more, then buy .05BTC or some smaller amount and wait it out.  Maybe you will be correct and the price will drop.   On the other hand, the odds seem to be that the price is NOT dropping much more and it is more likely to go up from here within the next few hours or months (we cannot know exactly when, but it seems more likely to go up rather than to go down). 

In sum, I am suggesting in a nice way that you just get involved a little bit more than you are, rather than seeming to preach and judge us from some sideline idiotic perspective.  The farce and idiocy of Jorge and his ilk is to invest so much time into learning about bitcoin, and NOT to put a little bit of skin into the game based on some high falutin perspective that you are above bitcoin.

There's no reason to call him names just because he presented his opinion, relatively innocently, I might add.

BTW Jorge imo is not trolling. He may turn out to be horribly wrong, but I don't think he is a fool, and I think he honestly believes what he says here. He has a couple trolling posts, but he makes them (I believe purposefully) quite obvious.

It seems that I explained my reasons for my various explicatives which I believe are justified in order to make my point(s).   Possibly, in the end, we just view matters differently regarding whether different words would have made the point(s) better.

[niothor]

huobi´s price just passed stamp..
pump up the jam!!

China breaking out at bedtime?

Good old volume at Huobi. Breakout this time or another dump ahead?

And again , we're interested in what's happening in the BanBitcoin country ))