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

[0xfff]

Archive ... but usefull.


backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up? 

[xyzzy099]

Archive ... but usefull.

https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up? 

I would guess that it comes from dividing the marketcap number by 21 million.

[0xfff]

Archive ... but usefull.

https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up? 

I would guess that it comes from dividing the marketcap number by 21 million.

I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though. 

[xyzzy099]

Archive ... but usefull.

https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up? 

I would guess that it comes from dividing the marketcap number by 21 million.

I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though. 

Well, the market capitalization of bitcoin is, by definition, the number of coins multiplied by price.  In this case I think they just used the maximum number of coins that will ever exist, so $50/coin X 21M coins is ~1 billion dollar marketcap, and so on down the chart.

[JayJuanGee]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:

Bitcoin Difficulty:   286,765,766,821
Estimated Next Difficulty:   309,172,039,310 (+7.81%)
Adjust time:   After 1105 Blocks, About 7.1 days
Hashrate(?):   2,237,224,131 GH/s


All these mining data centers, are multi-million investments...

A turd that costs 2 billion to produce isn't necessarily worth 2 billion...

Can you give a better example?  Let me see if I can attempt to relate this to bitcoin, a little bit.

If there is constant investment into something that adds up to something like $2 billion, even if the thing is not necessarily worth $2billion, it would still likely be worth more than $42 million (21 million x $2) because folks are willing to invest $2 billion.. so therefore maybe it is worth $1billion or $500 million, but not $42 million, right?

[JayJuanGee]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 

your  post predicting $750 on jan 1st 2017 was dated dec 30 2015, so fer shitz n giggles i looked up price for that day ....$433.00

holy shit man!! youre good!!

then again your spot on prediction as of today could turn out wrong... we got another 3 weeks for price to go haywire... this is bitcoin after all.
though i tend to believe come the 1st of year ..you nailed it dude.

Yep, 3 weeks is quite a long time in bitcoinlandia... ..

[molecular]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up

bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771

which "genuine" exchange trades > 780 spot at this point?

I generally appreciate the contents of the posts of MOA, but this current assertion of "facts" and line of reasoning of his seems a bit wishful, fantastical and premature. 

In my humble bumble opinion, we should get sufficiently above $780 (maybe even above $800) before we start characterizing $780 as a "done deal," and in that regard.. we seem to largely be teetering below $770... sure, we could just whiz by $770 and shoot past $800, but I think that many of us remain quite shell shocked from the past three years with the realization that there could be some hold out whales and hold out FUD and even a considerable amount of BTC shorting tools that can cause periods of considerable difficulties in getting passed certain price points, even though getting passed may currently seem kind of inevitable.

I agree (up until we've passed the ATH, that is).

But that's a good thing... the harder some try to hold this thing down, the more power we have later for the rocket.

[savetherainforest]

Archive ... but usefull.



backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?  

I would guess that it comes from dividing the marketcap number by 21 million.

I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though.  

Well, the market capitalization of bitcoin is, by definition, the number of coins multiplied by price.  In this case I think they just used the maximum number of coins that will ever exist, so $50/coin X 21M coins is ~1 billion dollar marketcap, and so on down the chart.

For the "present" / actual values that thing is 25% undervalued. Meaning you must add 25% for each price of btc for each billion market cap value attributed.

[yefi]

I agree (up until we've passed the ATH, that is).

But that's a good thing... the harder some try to hold this thing down, the more power we have later for the rocket.

Indeed. The slower the rise above $1150 the better in a sense.

[Spaceman_Spiff]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

[brokedummy]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

The next 24 hours are critical?

[Ted E. Bare]

Bearstamp above finex. Absolutely critical.

[savetherainforest]

Bearstamp above finex. Absolutely critical.

Maybe its rigged by the Chinese to sway some votes on "what the price should be?". 

[Spaceman_Spiff]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

The next 24 hours are critical?

might take longer than that, but TA-wise, I would say yes.

[toknormal]

Anyone noticed the increase in hashrate this year ?

Incredible.

[Lauda]

Has anyone seen this, i.e. the Bitcoin Megabull Cycle prediction?

Anyone noticed the increase in hashrate this year ?

Incredible.

This website has a better overview.

Dec 31 2015   103,880,340,815   11.16%   743,604,444 GH/s
.....
Dec 02 2016   286,765,766,821   1.76%   2,052,749,317 GH/s

~176% increase.

[Meuh6879]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

The next 24 hours are critical?

[Fakhoury]

News URL : https://coin-etf.com/

[JayJuanGee]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

The next 24 hours are critical?

might take longer than that, but TA-wise, I would say yes.

Maybe the next 26.666666 hours are critical or the next 29.999999 hours, right Torque?   

[Torque]

Looks to me like we are getting close to a make or break point in the rally in the next couple of days.

The next 24 hours are critical?

might take longer than that, but TA-wise, I would say yes.

Maybe the next 26.666666 hours are critical or the next 29.999999 hours, right Torque?    

Nope. Only $769.9999 matters now. Because...