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

[Hunyadi]

$8k in 3 months.

That would be something  Timing looks to be ok, but  $8k is kind of high.

[JimboToronto]

Good morning Bitcoinland.

I see we had a wee rise overnight... currently about $757USD/$1012CAD according to Bitcoinaverge.

do you consider +1000 CAD per bitcoin good or bad news, from a personal perspective?

You often mention you are accumulating, so you want the CAD price to be as low as possible. Correct?
Or do you simply convert all your savings into bitcoins, no matter the CAD price? Any particular number you are aiming for?

Really, $1000CAD is no big thing, just an arbitrary number. I did however use CAD to buy my bitcoins, so there's double satisfaction in having earned from Bitcoin's rise and also from having used it as a safe haven from the loonie's decline.

While some accumulators desire as low a price for as long as possible to keep accumulating as cheaply as possible, I'm happy to see the price continuing generally upward as long as I get fairly regular buying opportunities in the form of short-lived dips.

If I need to buy some dollars for an emergency, I'm pretty much guaranteed to turn a profit.

I don't convert my sayings into bitcoins. My Bitcoin holdings are my savings, more like a pension fund for my old age. When a buying opportunity occurs, I add as many bitcoins as I can afford without crimping my operating cash.

A target number? I've thought that when (if?) it reaches $10k per coin, I'll spend what I need to buy back all the dollars I've spent on Bitcoins. Currently, that's between 4 and 5 coins.

[luckygenough56]

150k per coin soon

[Chainsaw]

$8k in 3 months.

I predict the peak will be $8,888, but my timerange is less precise; 2-8 months.

[Temp_JayJuanGee]

Good morning Bitcoinland.

I see we had a wee rise overnight... currently about $757USD/$1012CAD according to Bitcoinaverge.

do you consider +1000 CAD per bit[Suspicious link removed]d or bad news, from a personal perspective?

You often mention you are accumulating, so you want the CAD price to be as low as possible. Correct?
Or do you simply convert all your savings into bitcoins, no matter the CAD price? Any particular number you are aiming for?

Really, $1000CAD is no big thing, just an arbitrary number. I did however use CAD to buy my bitcoins, so there's double satisfaction in having earned from Bitcoin's rise and also from having used it as a safe haven from the loonie's decline.

While some accumulators desire as low a price for as long as possible to keep accumulating as cheaply as possible, I'm happy to see the price continuing generally upward as long as I get fairly regular buying opportunities in the form of short-lived dips.

If I need to buy some dollars for an emergency, I'm pretty much guaranteed to turn a profit.

I don't convert my sayings into bitcoins. My Bitcoin holdings are my savings, more like a pension fund for my old age. When a buying opportunity occurs, I add as many bitcoins as I can afford without crimping my operating cash.

A target number? I've thought that when (if?) it reaches $10k per coin, I'll spend what I need to buy back all the dollars I've spent on Bitcoins. Currently, that's between 4 and 5 coins.

In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

[kurious]

Steady on - we're only a shade above 750 after the nth attempt.

Even reaching the ATH in December would be pretty amazing - many 1000's (or tens of thousands?) MOAR sounds scarily bullish.

That's not usually a good sign here!

Fingers well and truly crossed, but really...?

[Karartma1]

Saturday is my birthday. $800 would be something nice to wake up to. Happy birthday me.


Edit. That sounds like I have quite a lonely existence. This is not true, I am married and have a son so I won't be alone!

snip

Come on guys this is not a Facebook page. Don't be fooled by the light Blue/grey color of Simple Machine Forum
 

150k per coin soon

Where do we have to sign for this? 
I personally (feel) see $1000 fairly soon maybe by new year's eve as someone suggests

[keyboard warrior]

150k per coin soon

Where do we have to sign for this? 
I personally (feel) see $1000 fairly soon maybe by new year's eve as someone suggests

We all need money for Christmas so the price might not see $1000 by then. There will be too many of us dipping into our bitcoin stash to pay for those luxury presents. The last monthly pay check before Christmas is gone and there's an expensive three weeks ahead. All those bitcoins getting sold could hold back $1000+ until next year.

[yefi]

In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

You're an order of magnitude off surely -  4.5 x $10,000 = $45,000 CAD. He'd have to sell many more coins than 4-5 to recoup his principal at current prices.

[bitebits]

[...]

I don't convert my sayings into bitcoins. My Bitcoin holdings are my savings, more like a pension fund for my old age. When a buying opportunity occurs, I add as many bitcoins as I can afford without crimping my operating cash.

A target number? I've thought that when (if?) it reaches $10k per coin, I'll spend what I need to buy back all the dollars I've spent on Bitcoins. Currently, that's between 4 and 5 coins.

Thanks, inspirational. And to be honest, saving in bitcoin is addictive: I noticed it is very hard to sell them again for goods or fiat.

[bitebits]

A target number? I've thought that when (if?) it reaches $10k per coin, I'll spend what I need to buy back all the dollars I've spent on Bitcoins. Currently, that's between 4 and 5 coins.

In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

You misread.

[rjclarke2000]

Holy cow people....


Reading these predictions on the last page....


Am I considered a bear or pessimistic  if I feel being stable over $1000 usd would be a successful year if it ended that way Dec 2017?

[JimboToronto]

In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

No. You've made some false assumptions. I won't be too specific because I also don't want to disclose too much.

First off. When I said it would take 4-5 coins, I meant at $10k per coin to cover the total amount fiat I've currently spent.

The $40k+ I've invested includes the $6k I paid for the 50 coins I lost at MtGox.

The $150/btc figure was just a rough guess and a while back at that. There are all kinds of intangibles like the cost of my mining expenses versus the coins I mined, and the coins I received as tips/gifts and those I spent/donated. It has also risen to over $200/btc. I keep buying the dips but the dips keep getting higher (this is a good thing!).

Let's just say I have over 100 and under 1000 bitcoins.  

[rjclarke2000]

In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

No. You've made some false assumptions. I won't be too specific because I also don't want to disclose too much.

First off. When I said it would take 4-5 coins, I meant at $10k per coin to cover the total amount fiat I've currently spent.

The $40k+ I've invested includes the $6k I paid for the 50 coins I lost at MtGox.

The $150/btc figure was just a rough guess and a while back at that. There are all kinds of intangibles like the cost of my mining expenses versus the coins I mined, and the coins I received as tips/gifts and those I spent/donated. It has also risen to over $200/btc. I keep buying the dips but the dips keep getting higher (this is a good thing!).

Let's just say I have over 100 and under 1000 bitcoins.  

That's 999 then, hey jimbo

[jbreher]

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.

Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

Ooh! ooh! Guess me next!

[molecular]

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.

Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

Ooh! ooh! Guess me next!

You registered during the "gamer mining hype" (summer 2011).

You probably own 50-200 BTC.

[European Central Bank]

Ooh! ooh! Guess me next!

I'll guess that old school members have activity levels based on 10% of their holdings so you have 150000 btc give or take. and you all get 140 btc every two weeks from the block reward as an early signing bonus.

[Dafar]

Guess me! 

[oda.krell]

We're doing a guessing game? I like it.

How about: make a guess for the poster you're responding to, who in turn makes a guess about you.

(pointless, I know, but fun )

[yefi]

We're doing a guessing game? I like it.

How about: make a guess for the poster you're responding to, who in turn makes a guess about you.

(pointless, I know, but fun )

Wee, I wanna play. 200 BTC.