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

[BlindMayorBitcorn]

No, man, I was talking about something else. See! This is what happens when the moderators run amok. Just never mind.
 
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[1714696052]

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[1714696052]

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[marcus_of_augustus]

Can someone check my math here?

Current 'rate' of fiat entering bitcoin  is ~ $650*1800 = $1.17 mill.
Before halving that was ~ $650*3600 = $2.34 mill.

Before that it was ~$450*3600 = $1.62 mill.

These numbers are necessarily approximate, since price fluctuates rapidly day to day, so judicious choice of 'mean' price is essential for even approximate correctness.

Hypothetically if bitcoin were to have a few banner years until the next halving we might expect a total of $10 billion to escape fiat into bitcoin over the next 4 years ...

total coins issued until next halving = 2,625,000 btc
$10 billion / 2.625 mill. = $3,809

(N.B. that's simply asking what $10 bill of new money would have to pay to buy all the new coins off-the-shelf (out of the mines) until next halving and discounting any mania or hoarding effects such a run would have on miner or current hodlers psychology)

At current typical rates (lower limit) say $2.5 billion wants to move into bitcoin in the next 4 years ...

$2.5 billion / 2.625 mill. = $952

[Bulgarian]

I don't pump shit coins. I just thought it'd be nice to watch another one crash and burn together. You know, quality time.

Please take that to off-topic. I come here for illuminating wall analyses and invaluable investment advice.
jk, pics of Jews and titties, like everyone else.

Can someone check my math here?

Current 'rate' of fiat entering bitcoin  is ~ $650*1800 = $1.17 mill.
Before halving that was ~ $650*3600 = $2.34 mill.

Interest in bitcoin dropped by 50% due to halvening? I don't think that's right. Stop spreading FUDs.

[Unacceptable]

Maybe another BTC rise??

Lol no, let's not be greedy.

Oh & your welcome world for the financial meltdown.......brought to you by the US financial system  

U.S. stocks at new record high
U.S. economy adds 287,000 jobs in June
The S&P 500 closed above 2,137, surpassing the previous all-time record set back in May 2015.
http://money.cnn.com/2016/07/11/investing/stocks-record-high-dow-jones-sp-500/

Watcha be talking about, Jasper?

Back in 2006-2008 the "recession" hit due to our banks & wall street selling off bad home loans to the rest of the world....ring a bell ??  

It is still bringing down countries & will continue.............

Oh & current unemployment...about 12% .!..  Under employment...30% .!..  Yeah,Obumer made a change alright .!..

Unemployment rate is 4.9%, stop getting your info from stormfront zerohedge.



But you're telling me that these unemployed will stop investing in the market, cash out their massive investment portfolios, and reinvest the resultant $3.76 in bitcoins?

Under employment...30% .!..  

http://www.statista.com/statistics/205240/us-underemployment-rate/
"Underemployment refers to a job that is insufficient in some important way for a worker" - wikip

Yeah but they're all here saying it's normal to work your ass off for a shitty salary cause... You know... you have to...

TL;DR: You think you deserve a better, cushier job; the market begs to differ.

I don't believe ANY info from our gov,its all sugar coated

I get my info from my experience with & hearing from local folks on their plight to find a job.Don't take nothing but common sense to figure the underemployment situation either 

[ProfessionalBitsurgeon]

I don't believe ANY info from our gov,its all sugar coated

I get my info from my experience with & hearing from local folks on their plight to find a job.

You must hang out with some real winners

[Bulgarian]

I don't pump shit coins. I just thought it'd be nice to watch another one crash and burn together. You know, quality time.

Please take that to off-topic. I come here for illuminating wall analyses and invaluable investment advice.
jk, pics of Jews and titties, like everyone else.

Fine, here's the tl;dr, for those of you afraid to visit the r/Buttcoin:

Some monkey made a million dollars from a $50,000 ETH investment, then he plowed it all into steem.

You might want to stop listening to magical flying horses.

[BlindMayorBitcorn]

I considered the source.  

Sorry about the off-topic but a 1k askwall appeared at finex and is being nibbled.

Checked it again before posting and it seems it did its job and bounced the price back down. 

Sorry guise. Actually watching walls hurts my epilepsy.. But I like it here. It's a dilemma.

[JimboToronto]

Sorry about the off-topic but a 1k askwall appeared at finex and is being nibbled.

Checked it again before posting and it seems it did its job and bounced the price back down.  

[adamstgBit]

MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

OOOOOOOOOOOOOOOOOOOON

[nioc]

The only reason the price is going up is because once again I requested a pay out in btc from a $ denominated account yesterday which will be processed tomorrow.  From $645>$675 so far.

[bitebits]

Can someone check my math here?

[...]

total coins issued until next halving = 2,625,000 btc
$10 billion / 2.625 mill. = $3,809

[...]

Definitely interesting view. The selling pressure however won't only come from newly minted coins. And the selling pressure of already minted coins will increase when the dollar price goes up. So somewhere between $650 (or lower) and $3,809 (or higher) lies the equilibrium, the market will decide where that point will be.

[kobilica]

Barely escaped the crash... 

Too bad now I am afraid even to pee because.. 'buy the dip'

[BlindMayorBitcorn]

Barely escaped the crash... 

Too bad now I am afraid even to pee because.. 'buy the dip'

See, now this is right perfectly on topic. But it's odd. What crash? What dip? What tho?

[JimboToronto]

Crash? LOL

You mean back to where it was hours ago and well above where we started the day?

 

[Bulgarian]

http://www.c[Suspicious link removed]m/2016/07/12/reuters-america-digital-currency-steemit-soars-to-more-150-mln-in-value-in-2-weeks.html

I put 10 BTC in Steem last week



jk.... I only put 0.15 ....FUCK!

Yeah? Well I hope you feel good about yourself, profiting over 1000% on inferior shitcoins.
Decent Bitcoiners like us, we're happy when we don't lose much on our politically-correct coin.
We only lost like 2%, at most, this week. Slow and steady wins the race

[kobilica]

Barely escaped the crash... 

Too bad now I am afraid even to pee because.. 'buy the dip'

See, now this is right perfectly on topic. But it's odd. What crash? What dip? What tho?

It's over, luckily. It was mini crash.

[yui]

Just profit taking on way up. I watched TV during this...don't care

[kobilica]

Crash? LOL

You mean back to where it was hours ago and well above where we started the day?

 

Yeah.

Fucking fees ate any profit I made anyway. It's outrageous.. 5€ per trade, so 10€ total. I could have bought 5 sandwiches with that.

Sometimes life can be meaningless.

[BlindMayorBitcorn]

Operation buckshot, Unit 8200, a couple thousand centrifuges...we live in a post STUXnet world; industrial control systems are vulnerable, state sponsored cyber sleeper cells are everywhere. Shouldn't there be a way to incentivize folks to mansplain all this? Well, have I got the idea for you!

[kobilica]

Are you saying I should code malware to destroy things..? Now that is even more meaningless. I'd rather get rich and build stuff.


But thinking about sandwiches won't get me anywhere, you are right.