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

[inca]

If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..One doesn't have to be too much of a conspiracy theorist to imagine of how the conversation and contract with a central bank would go..

[Dilla]

If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..

That's their only hope... then I like our odds in the future. They will just delay the inevitable.

[n3o111]

It's too hard to guess the direction with this volatility, I'm afraid to do any trades. I'm almost %100 BTC since the dump and I don't know what to do now.

[Hyperjacked]

If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..One doesn't have to be too much of a conspiracy theorist to imagine of how the conversation and contract with a central bank would go..

not annihilate but manipulate...just like the metals but this can't be naked shorted like silver!

[LFC_Bitcoin]

Why is the price even going down now, shouldn't these idiots have sold at 450 +

[AlexGR]

What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

[n3o111]

What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.

[rpietila]

[rjclarke2000]

?

[rtrtcrypto]

Interesting idea. Thanks for posting this.

What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

[Hyperjacked]

only 4 bottles...? cheers!

[GGALINff]

What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.

there is a lot of gold in the universe,  but you'll never see it while alive

[Fatman3001]

Fatman, You bashed me relentlessly for having a homeless coffee tip address for ppl that can empathize...not for me but so you can do a good deed and you bashed me! Funny thing is you sit on here begging for pros advice which is much worse because the homeless person only wants a meal and you want an island of your own!
maybe you are blind and don't see it...

I appreciate the contributions of many and most of the people who regularly drops by this thread. I even enjoy reading what some of the self-professed "Pro Traders", who only come here to rape Bitcoin like some shitcoin, say.

And I have not attacked you relentlessly. I have given you plenty of opportunity to move on, but you insist on droning on about it. But again, look at how you talk about those homeless people who you claim to be the objects of your selfless compassion. Basically they're not as bad as me, but pretty bad. You wear your "charity credentials" like a fucking piece of jewelry, but your disdain for these people shines through in everything you've said here.

It disgusts me. You disgust me.

i disgust you? Your arguments have been weak...all the while begging the direction of some Hero members!

I have been calling this market since Mark K at Gox...show some respect!

You've been chanting "Ooooh, something's going to happen, but I ain't telling". I guess we're all oracles here then.

Not that it matters. Your use of other peoples misery to make yourself look good warrants no respect. It makes anything else you might have achieved null and void.

[AlexGR]

What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.

There are around 180.000 tons of above ground (=mined) gold. This is 180.000.000kg / 15.000.000btc = a ratio of 12kg per 1 btc. Or 386 troy ounces per 1 btc.

People said "oh, hubris, 1 btc is priced like gold at 1200$" but there were like 11mn btcs and 5.7bn ounces of gold. If BTC was priced in the thousandths of the BTC, or if gold was priced by the kilogram, nobody would say anything. It's all perception.

Btw, that's the ratio right now. I'm not talking about what might be mined in the future, in either gold or btc.

[Dilla]

thanks for the dom '04 pics, I'll pretend I'm drinking it while I'm drinking $3 wycliff and watching this shit storm.

[Hyperjacked]

Fatman, You bashed me relentlessly for having a homeless coffee tip address for ppl that can empathize...not for me but so you can do a good deed and you bashed me! Funny thing is you sit on here begging for pros advice which is much worse because the homeless person only wants a meal and you want an island of your own!
maybe you are blind and don't see it...

I appreciate the contributions of many and most of the people who regularly drops by this thread. I even enjoy reading what some of the self-professed "Pro Traders", who only come here to rape Bitcoin like some shitcoin, say.

And I have not attacked you relentlessly. I have given you plenty of opportunity to move on, but you insist on droning on about it. But again, look at how you talk about those homeless people who you claim to be the objects of your selfless compassion. Basically they're not as bad as me, but pretty bad. You wear your "charity credentials" like a fucking piece of jewelry, but your disdain for these people shines through in everything you've said here.

It disgusts me. You disgust me.

i disgust you? Your arguments have been weak...all the while begging the direction of some Hero members!

I have been calling this market since Mark K at Gox...show some respect!

You've been chanting "Ooooh, something's going to happen, but I ain't telling". I guess we're all oracles here then.

Not that it matters. Your use of other peoples misery to make yourself look good warrants no respect. It makes anything else you might have achieved null and void.

What??? Rotflmao! By forever on ignore!

[LFC_Bitcoin]

thanks for the dom '04 pics, I'll pretend I'm drinking it while I'm drinking $3 wycliff and watching this shit storm.

It's Prosecco that's gone crazy here. Cheap shit that makes the girls open their legs on a weekend.

[BlindMayorBitcorn]

Bitcoin is not a joke.

[LFC_Bitcoin]

I like to melt margarine and drink it. Lots of quality nutrition and no hangover.

Probably works well as a good anal lube too?

[Cereberus]

thanks for the dom '04 pics, I'll pretend I'm drinking it while I'm drinking $3 wycliff and watching this shit storm.

It's Prosecco that's gone crazy here. Cheap shit that makes the girls open their legs on a weekend.

Thats the funniest thing on this thread in what, last 15 posts.

Staying at 309. I think it is settling in for bed at that for the rest of the night. Close at that you Beeotch whore!