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

[12345mm]

personal basic life goal - separate myself from dependence on the system - live like a space station on earth - solar - hydro food - full recycle repurpose - stuck in america so basic property taxes which does cover fire dept garbage service etc - but other than that zero allegiance zero dependence - political independence in as much as is possible - i'm ready for the zombie apocalypse / oil apocalypse / currency apocalypse - are you?

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[ChartBuddy]

Coin
Explanation

[camolist]

there's almost no coins available for shorting...
0.1% interest a day for ones that are available

[razorramon]

+2.75k shorts
+55k longs (~220btc)

looks bullish to me

[JimboToronto]

Bitcoin is up $2.  Where are all the pictures of trains and rockets?

Bitcoin is down $4.  Where are all the pictures of exploding rockets, the Titanic and the Hindenberg?

 

[razorramon]

there's almost no coins available for shorting...
0.1% interest a day for ones that are available

i usually take much more...0.7% or more could be possible

[shmadz]

+2.75k shorts
+55k longs (~220btc)

looks bullish to me

Be careful when you feel too adventurous. There's a member of this forum/thread that says "sometimes when it looks too bullish, it's actually bearish"

More often than not, he's been right.

...

I don't normally give predictions, but I'm drunk and going to bed now, so I'll drop this one.
I expect the price to fall overnight back to at least 222 - I wish it would just keep going up, but wishes and fishes and all that

[Fatman3001]

Of course, because I sold at $219, the price will go up...

I should of seen that coming... Only problem is that price would go down if I didn't sell

I said it!

Looks like we're finally going down

Hmmm.... bullish

Or was it FindFTP who was always wrong?

[Fatman3001]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other.

Name one single rational reason

Their focus on and uncompromising attitude to human/technology interaction makes their products more usable and powerful tools for more people than Linux, Windows and Android. Android have been making great strides, but it still isn't as intuitive as Iphones. I use Android because I don't mind and I got an Android phone for free from someone who was fed up and bought an Iphone. And my every day computer runs Fedora, but when a relative asks I advice them to get an Iphone and a Mac. I used to have to use Christmas and Easter to fix my relative's computers, now that everyone has Apple products(except my Grandma, and it's amazing what a Pre-WW2 woman can clog up Win 7 with) I don't have to. As a computer nerd it can be difficult to see the significance of this, but this kind of approach needs to be applied to those parts of the Bitcoin eco-system that's aimed at ordinary mainstream users.

[ChartBuddy]

Coin
Explanation

[marcus_of_augustus]

I'm starting to think it's either a new resonance of freedom of thought and innovation, or another few hundred years of the dark ages.

I fully expect to see one or the other outcome within my lifetime. (Next 50 years)

schmadz nails it ... these are the stakes, no less, I concur.

[razorramon]

looks like rallymode is on

[SnokkomBTC]

Come on bulls, we want a green 1w macd!!

[criptix]

dont think we will see big moves without breaking news.
us marshal btc auction is soon

[razorramon]

where did you open your short position?

[SnokkomBTC]

dont think we will see big moves without breaking news.
us marshal btc auction is soon

The launch of gemini is also 1st quarter..

[TeeBone]

How many shmucks are gonna be buying in at 300 before the big selloff 

[billyjoeallen]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

$700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced.

Apple stock  pays a dividend

And the pe ratio is only 16.8 not bad for a company  still growing

What the hell makes you think it's still growing? STEVE JOBS IS DEAD. HE IS NO MORE. HE HAS SHUFFLED OFF HIS MORTLE COIL. HE HAS CEASED TO BE.

[JimboToronto]

Their focus on and uncompromising attitude to human/technology interaction makes their products more usable and powerful tools for more people than Linux, Windows and Android. Android have been making great strides, but it still isn't as intuitive as Iphones. I use Android because I don't mind and I got an Android phone for free from someone who was fed up and bought an Iphone. And my every day computer runs Fedora, but when a relative asks I advice them to get an Iphone and a Mac. I used to have to use Christmas and Easter to fix my relative's computers, now that everyone has Apple products(except my Grandma, and it's amazing what a Pre-WW2 woman can clog up Win 7 with) I don't have to. As a computer nerd it can be difficult to see the significance of this, but this kind of approach needs to be applied to those parts of the Bitcoin eco-system that's aimed at ordinary mainstream users.

"Every minute" - P.T. Barnum



Sigh.

[razorramon]

so you think this will go to at least 300? even as a bear troll?