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

[Chef Ramsay]

Or ... cashless society.

If it truly goes cashless, you're gonna have to part with a little more skin than that, oh wait... In any event, this next year is gonna knock the socks off even the biggest bearfucker.

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[btcdiggingmaster]

Saxo Bank prediction is that bitcoin will be 2100$ next year. Guys, it true that the price of bitcoin will reach 2100$ in the year 2017?

Many people are waiting for that price from long time even many people are still holding the bitcoin for future. It is going to be great revolution if it really touches 2100$, even no control on bitcoin it is keep tickling the price really bitcoin has great future.

[savetherainforest]

It's my opinion that we should have been well north of $1K many years ago, that's how much I think bitcoin is undervalued right now.

I fully agree with that. While it was over $1k 3 years ago, that was an artificial high.

Follow the exponential rise from a fifth of a penny in May 2010, through dime later that year, a dollar several months later, bubbling up past $39 in the Great Bubble only to settle in at over $2 later that year, then less than half a year later setting a new ATH at $266 during the second major bubble, only to drop to $50, and then reach $1200 during the 3rd big bubble.

The peaks of the 3 mega-bubbles all rose above the trend lines and were quickly brought back down to earth. Since then we've been substantially below the trend lines and are only recently recovering. The 2014-2015 prices in the $200s were as much an anomaly as the prices in the $5-$10 range were in 2012.

Of course Bitcoin is undervalued now. We have a lot of catching up to do.

Its a factor of 20x + % of variation of how crazy the financial system is irl. But from that I can take the bubble will be somewhere in between 4.500$ and 6.250$ if the markets are conservative. And by conservative I mean that nothing happens irl with banks and other financial system and as well nothing happens with any bitcoin exchanges. (But if anything happens to any of the big exchanges... the ones that try to control will be the controlled, because people will just give up on exchanges and just go outside at the "piazza" and just ask random people "do you like to buy some BTCitcoin?", like a person selling pamphlets or tickets for something.

But as it looks, the banks will crash & burn very soon. Meaning that it will go higher than that 6.250$ conservative estimation I gave. Because many will try to store their wealth in BTCitcoin. So I can see an easy $30k - 40k$.  

[600watt]

Yes, the main goal of Bitcoin is the network ... so, litteraly = NO STOP SINCE 2009.

nice visualization of blockchain tech. where are the hashes, though?

[marcus_of_augustus]

$800 is a done deal

[Andre#]

Really? I'm sure the CEO said the opposite - that Bitcoin was dead and that nobody uses it.

http://www.newsbtc.com/2015/05/20/transferwise-ceo-bitcoin-is-a-friend/

their tune seems to change pretty regularly. like quite a few others they started off positive and then got huffy.

Half a year after this interview, my account at Transferwise was closed because I used it to buy bitcoin (and was so honest to tell Transferwise when asked by them). So much for their CEO "holding a soft corner" for Bitcoin. 

[hulla]

When are we actually gonna pass ATH Jimbo?  

I wish I could see into the future. I'd break my anti-gambling rule and already be rich.  

I guess the ATH depends on where you are. Americans need current prices to rise 66% to reach an ATH, while Canadians only need to rise less than 25%.

If I have to take a stab at it, I'd say some time in 2017 for us Canadians and sometime in 2017-8 for Americans. I'm not all that familiar with other currencies but I think the yuan might be quicker than the USD. As for the rupee, aren't they getting close? I don't even want to mention the Chilean peso.  

Brother, most probably next year we will see $2K-$4K

Why ?

1. COIN ETF
2. BitCache and Megaupload 2
3. Saxo Bank predication (They predicated the Brexit back in 2014)

This is only few to list.

Concerning the Saxo Bank prediction. Should will be expecting bitcoin to hit 2100$ in the year 2017 cos currently bitcoin  prices neared 780$ this week and it coming within 1% of their annual high after rising above the 700$ price.

Saxo Bank prediction is that bitcoin will be 2100$ next year. Guys, it true that the price of bitcoin will reach 2100$ in the year 2017?

Many people are waiting for that price from long time even many people are still holding the bitcoin for future. It is going to be great revolution if it really touches 2100$, even no control on bitcoin it is keep tickling the price really bitcoin has great future.

Yes, bitcoin does had a great future and some of the major thing that somehow affect the future of bitcoin are the hacking thing and some scam exchangers.
Meanwhile, I just want to be reassure if the price of bitcoin will really hit 2100$ next year.

[0xfff]

Who creates the polls for this thread? Cause they are awful. Why would you say next Friday instead of a specific date. Next Friday changes every week. 

[DeathAngel]

Who creates the polls for this thread? Cause they are awful. Why would you say next Friday instead of a specific date. Next Friday changes every week. 

That's a good point to be honest, I've posted in & viewed this thread for ages but never thought that.
But whilst we're at it, the price next Friday (16th Dec) I will predict $804

[yefi]

I used to use them for a while and then when I sent a translator in France a payment for a translation for a job I was (legitimately) doing in French about Moscow and I put a reference 'Moscow translation' on the payment it was held up for ages, I complained and they asked (extensively) what it was for, why I was doing it etc.

I said it was a transfer of funds in Euros - exactly what they were advertising was 'easy' with their service. They were suspicious because of the use of the word 'Moscow' that it was a breach of Russian trade embargoes / money laundering etc. which was ridiculous.

They refused this legitimate (and totally legal) money transfer for UK to France totally and so I never used them again, and I never will.

One day, I will do all of this in Bitcoin - right now, realitstically I can't, but it's not long way off.  No one else can offer these legitimate payments without excessive charges and / or 'questions' about 'why ' a person wants to do it.

They are resisting the tide along with all the others.  This is why crypto will win and fiat banks will lose in the long run.

Long live frictionless, cheap transfer of money across borders. Long live BTC.

Another great example of the limitations of their system, where permission must be sought, and where one's money is not truly one's own.

[yefi]

Who creates the polls for this thread? Cause they are awful. Why would you say next Friday instead of a specific date. Next Friday changes every week.  

This seems to come up every other page, but Adam (the OP) lost access to his account, so that poll is going to stick for eternity until the situation changes.

[European Central Bank]

This seems to come up every other page, but Adam (the OP) lost access to his account, so that poll is going to stick for eternity until the situation changes.

it's gonna be a legitimate historical artefact for the years to come. let's celebrate it.

[bitebits]

This seems to come up every other page, but Adam (the OP) lost access to his account, so that poll is going to stick for eternity until the situation changes.

it's gonna be a legitimate historical artefact for the years to come. let's celebrate it.

Some day people will think Adam just forgot the zeros at the end of each voting option.  

[ErisDiscordia]

Who creates the polls for this thread? Cause they are awful. Why would you say next Friday instead of a specific date. Next Friday changes every week. 

OP doesn't post here anymore (account got hacked). Don't know who else could change the poll - mods perhaps? Polls used to be fun.

[julian071]

The Last Bulltrap or is this gentlemen?

[LFC_Bitcoin]

Adam's favourite sort of joke bitcoin price prediction was $32,000. Let's hope that bears fruition in the next 5-10 years. I think we'd all like a piece of that pie

The Last Bulltrap or is this gentlemen?

Just the beginning my friend.

[machasm]

This seems to come up every other page, but Adam (the OP) lost access to his account, so that poll is going to stick for eternity until the situation changes.

it's gonna be a legitimate historical artefact for the years to come. let's celebrate it.

Some day people will think Adam just forgot the zeros at the end of each voting option.  

lol

[r0ach]

Adam's favourite sort of joke bitcoin price prediction was $32,000.

I did a lot of calculations based on various factors and market caps to try and find a realistic Bitcoin ceiling price.  I can't recall them all, but think I came up with anything from:

- 250 billion if there were around 4 different dominant chains (or maybe 1 trillion for a single chain)

- 420 billion ($20,000 per coin)

- around $7000 - $8000 per coin if every millionaire hedged 1% of their wealth in Bitcoin.  But that would be a fully liquid, fully capitalized market where everyone can cash out, so it would likely be something 10x higher than that at $80,000 per coin or $1.6 trillion market cap

I believe there's also only around 2.5 billion ounces of investment grade silver bullion sitting around (but estimates of 10-20 billion total in existence, not investment grade bullion though), so the silver market cap is only like $42 billion.  I think it would be very strange if the Bitcoin market cap went higher than silver.  When the shit hits the fan, or they implement a new Bretton Woods to revalue gold, they will have to set the gold price to something around $20,000 an ounce at 40% backing (the historical backing ratio).  The price of silver will likely spike to anywhere from $666 - $1333 in said event (15-30:1 GSR), so the market cap of Bitcoin going "too high" compared to other assets isn't really a problem when things like metals eventually break free from banker manipulation.

In other news, the govt really doesn't like #pizzagate, so whatever you do, don't say anything about #pizzagate anywhere because the govt specifically forbids you to talk about #pizzagate.

[Andre#]

In other news, the govt really doesn't like #pizzagate, so whatever you do, don't say anything about #pizzagate anywhere because the govt specifically forbids you to talk about #pizzagate.

So now that you (and I) talk about #pizzagate, what's gonna happen?  Theymos is going to ban us here?

Did a google search on pizzagate, got over 5 million results. What's going to happen with those?

https://www.google.nl/search?q=pizzagate&oq=pizzagate

#conspiracy (to stay on topic)

[JimboToronto]

Good AM Bitcoinland.

This is starting to get monotonous... still $775USD/$1023CAD at Bitcoinaverage.

As expected, $780 has proven to be a formidable barrier.

Maybe this weekend we'll see some real movement.