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

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

i think your right,
2 million bitcoiners all hit market buy with 38,000$ each and we'll make it

that no good i don't like that.

but is 76Billion really what will be required??
hmmm
it seems to me if i start throwing all kinds of assumptions around i can probably get the number down to 30Billion required to pump bitcoin to 32,000$

ok so if 2million bitcoin hit market buy with ~15,000$ each we'll make it to 32K

still to much

20million bitcoiners hit market buy with 1,500$ each and we'll make it to 32K

its official we need about 10X more bitcoiners.

 

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[aminorex]

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption

It would not require "mainstream" adoption, merely greater penetration of specific use-cases.  Suppose reserve demand is 90% of the float, and the remainder is liquidity demand, with 15% of a 2tn gdp black market turning over at v=5.  That would imply a 600bn mcap, and 32k usd bitcoin.

[toknormal]

Earwig Low.

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

i think your right,
2 million bitcoiners all hit market buy with 38,000$ each and we'll make it

that no good i don't like that.

but is 76Billion really what will be required??
hmmm
it seems to me if i start throwing all kinds of assumptions around i can probably get the number down to 30Billion required to pump bitcoin to 32,000$

ok so if 2million bitcoin hit market buy with ~15,000$ each we'll make it to 32K

still to much

20million bitcoiners hit market buy with 1,500$ each and we'll make it to 32K

its official we need about 10X more bitcoiners.

 

i'm going to pull a few more magic numbers out of my ass
how many dollars per bitcoiner can we expect??
assuming there are 2million of us globally right now and with a market cap of ~5billion right now
each bitcoiner contributed an avg of 2500$ each to the pump bitcoin this far
so with 20million bitcoiners we could see a pump to 32,000$ EASILY

now let's look at when we can expect to have 20million bitcoiners , bitcoin-ing


lets see how long it took facebook to get 20million users


 
no time.

[Cconvert2G36]

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption

It would not require "mainstream" adoption, merely greater penetration of specific use-cases.  Suppose reserve demand is 90% of the float, and the remainder is liquidity demand, with 15% of a 2tn gdp black market turning over at v=5.  That would imply a 600bn mcap, and 32k usd bitcoin.

If you look closely, you can see the fingerprint of the 2tn black mkt...

[ChartBuddy]

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Explanation

[Cconvert2G36]

https://bitcointalk.org/index.php?topic=1378318.msg14022868#msg14022868

Him accusing you of being GCHQ really kicked off a little stockholm syndrome, eh? 

[BlindMayorBitcorn]

https://bitcointalk.org/index.php?topic=1378318.msg14022868#msg14022868

Him accusing you of being GCHQ really kicked off a little stockholm syndrome, eh?  

LOL. Well, let's just say I'm trying harder to see both sides of the field. Don't forget: I'm not as clever as some of u guise.

Also I'm Canadian. So I have that going against me.

[Cconvert2G36]

https://bitcointalk.org/index.php?topic=1378318.msg14022868#msg14022868

Him accusing you of being GCHQ really kicked off a little stockholm syndrome, eh?  

LOL. Well, let's just say I'm trying harder to see both sides of the field. Don't forget: I'm not as clever as some of u guise.

Also I'm Canadian. So I have that going against me.

Check out Soluvox, they're canadian too, and pay well afaict.

[BlindMayorBitcorn]

It's all French to me. Looks like a call center. What is it?

Un service téléphonique et plus encore!

And much more!
 

http://www.soluvox.ca/

I don't get it.

[Chef Ramsay]

The gorf is a new technical indicator to me

There is pent up worldwide demand for bitcoin. We may be imminently headed for $6000 BTC.

I'm not joking. Lets see.

Bitcoin has had a battering from the media for the best part of 6-7 years. Plenty know about it now. It has been superseded technologically and none of those assets even made a dent in its marketcap.

It has been superseded institutionally because we now know that banks all over the world have been running their own blockchains. But none of them even made a dent in Bitcoin's marketcap.

It has been superceeded strategically because we now have smart-contract based blockchains galore, yet, even none of those blockchains even made a dent in bitcoin's marketcap.

What will banks do when they discover that the value isn't blockchain, it's bitcoin ? What will they do when they discover that blockchain is dirt cheap, can be reproduced a million times over and actually isn't much more useful technologically than an SQL server worth $1000 bucks ? What will they do when they discover that bitcoin isn't dirt cheap, can't be replicated, can't be bought, can't be regulated and can't even be matched for hashpower with the combined budgets of all the world's banks put together ?

Bitcoin is going to be in demand by $7 billion people. Not for technological reasons, for monetary reasons. It is a perfected token both monetarily and sociologically. It is beginning to successfully conclude its "rights of passage" phase and just shortly, $400 now is going to look like $1 did back in 2010.

Interesting that no one had a thing to say about this text, amongst your squabbles. Good stuff for the win of the decade and then the gift keeps on giving.

[Cconvert2G36]

The gorf is a new technical indicator to me

There is pent up worldwide demand for bitcoin. We may be imminently headed for $6000 BTC.

I'm not joking. Lets see.

Bitcoin has had a battering from the media for the best part of 6-7 years. Plenty know about it now. It has been superseded technologically and none of those assets even made a dent in its marketcap.

It has been superseded institutionally because we now know that banks all over the world have been running their own blockchains. But none of them even made a dent in Bitcoin's marketcap.

It has been superceeded strategically because we now have smart-contract based blockchains galore, yet, even none of those blockchains even made a dent in bitcoin's marketcap.

What will banks do when they discover that the value isn't blockchain, it's bitcoin ? What will they do when they discover that blockchain is dirt cheap, can be reproduced a million times over and actually isn't much more useful technologically than an SQL server worth $1000 bucks ? What will they do when they discover that bitcoin isn't dirt cheap, can't be replicated, can't be bought, can't be regulated and can't even be matched for hashpower with the combined budgets of all the world's banks put together ?

Bitcoin is going to be in demand by $7 billion people. Not for technological reasons, for monetary reasons. It is a perfected token both monetarily and sociologically. It is beginning to successfully conclude its "rights of passage" phase and just shortly, $400 now is going to look like $1 did back in 2010.

Interesting that no one had a thing to say about this text, amongst your squabbles. Good stuff for the win of the decade and then the gift keeps on giving.

Bid it up to 440, then, pls.

[BlindMayorBitcorn]

https://bitcointalk.org/index.php?topic=1378318.msg14022868#msg14022868

Him accusing you of being GCHQ really kicked off a little stockholm syndrome, eh?  

Ok. In hindsight, that was an assholish thing to say. Srsly. In the quoted link Anonymint or whatever claims sidechains are technically not viable (presumably because of his altcoin-in-progress). All I did was ask for an explanation.

You all are being totally unreasonable! You all spies except me!

And (possibly Fatty).

Easy BMB:

[ChartBuddy]

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[BayAreaCoins]

Closed my positions for a decent nights sleep.

GG today.  Gl and hf trading

[jbreher]

In the quoted link Anonymint or whatever claims sidechains are technically not viable (presumably because of his altcoin-in-progress). All I did was ask for an explanation.

Guess I oughta check it out. Anonymint is obviously a very bright person. But very troubled. I gave up on him (her?) a couple years back. Always with the plan for the anonymous crypto that will bury all other cryptos. Yet somehow ... ... ... nothing ever delivered. Medical issues, you know.

[ChartBuddy]

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[ChartBuddy]

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[lottery248]

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hmmm... the price of bitcoin is supposed to be up higher than the expected, as the bitcoin reward halve.
it should be at least $860 in the next halve, because the actual demand is remaining the same.

[Fatman3001]

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Explanation

hmmm... the price of bitcoin is supposed to be up higher than the expected, as the bitcoin reward halve.
it should be at least $860 in the next halve, because the actual demand is remaining the same.

.... but bitcoins aren't destroyed. You can recycle them.