Bitcoin Forum
February 12, 2025, 10:50:27 PM *
News: Community Awards voting is open
 
   Home   Help Search Login Register More  
Poll
Question: Price Target for Nov. 30, 2024:
<$75K - 4 (2.8%)
$75K to $80K - 1 (0.7%)
$80K to $85K - 2 (1.4%)
$85K to $90K - 10 (6.9%)
$90K to $95K - 15 (10.4%)
$95K to $100K - 29 (20.1%)
>$100K - 83 (57.6%)
Total Voters: 144

Pages: « 1 ... 19674 19675 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 [19724] 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 ... 34255 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26731947 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1442
Merit: 2282


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 06, 2018, 04:47:27 AM

Have enjoyed watching United Bitcoin dwindle from $120 to $40 over the past few days.  
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 06, 2018, 04:48:16 AM

...

I suppose it could be interesting to note, too, how many auctions of BTC are taking place on an ongoing basis and the quantity of coins...


Coindesk says before 2018 the last auction was in mid-2016. That's a gap of over one and a half years with no auctions.

The 2,170 bitcoins they are auctioning on March 19 probably won't make much difference to the exchange prices. That's a tiny number of coins compared to the first auctions they had.

https://www.coindesk.com/us-marshals-auction-25-million-bitcoin/

Quote
It's also the second sale to take place within a nearly two-year period, given that prior to this year, the last auction occurred in mid-2016, when the agency sold 2,700 BTC

Word is they've decided to throw in a Wu-Tang album and a Picasso to sweeten the deal.
https://www.ft.com/content/a4e00c7c-20c4-11e8-a895-1ba1f72c2c11
jojo69
Legendary
*
Offline Offline

Activity: 3444
Merit: 4852


diamond-handed zealot


View Profile
March 06, 2018, 04:50:40 AM


Word is they've decided to throw in a Wu-Tang album and a Picasso to sweeten the deal.
https://www.ft.com/content/a4e00c7c-20c4-11e8-a895-1ba1f72c2c11

ooooh

look at fancy Mr. paywall access
Paashaas
Legendary
*
Offline Offline

Activity: 3637
Merit: 4852



View Profile
March 06, 2018, 04:52:19 AM

Bitcoin user adoption is currently at 0.95%....

We are still in the innovators range, we haven't seen anything yet  Shocked
 
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 06, 2018, 04:54:01 AM


Word is they've decided to throw in a Wu-Tang album and a Picasso to sweeten the deal.
https://www.ft.com/content/a4e00c7c-20c4-11e8-a895-1ba1f72c2c11

ooooh

look at fancy Mr. paywall access

I had access when I visited it through a newsfeed. That must be how they get you.

Here, Pharma Bro ordered to give up the goods.

http://thehill.com/policy/finance/376783-shkreli-ordered-to-forfeit-736-million-in-assets-could-include-wu-tang-clan
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1442
Merit: 2282


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 06, 2018, 05:01:36 AM

How do you calculate the 0.95%?
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 06, 2018, 05:11:03 AM

How do you calculate the 0.95%?
With a spoon
because it'll hurt more.
JayJuanGee
Legendary
*
Online Online

Activity: 3990
Merit: 11719


Self-Custody is a right. Say no to"Non-custodial"


View Profile
March 06, 2018, 05:18:13 AM

Bitcoin user adoption is currently at 0.95%....

We are still in the innovators range, we haven't seen anything yet  Shocked
 


Do you really believe that?

I guess I am asking the same question as Harry Berry.

The world population is about 7 billion, so anything approaching a 1% adoption rate would be around 70million peeps, and I would have a hard time believing that even half that number of peeps own more than $100 worth of bitcoin (or even if you include other cryptos, too). 

In other words, we gots our selfies a pretty small universe of adopters... and even getting up to 1% of the worlds population is likely going to cause a considerable increase in price, if it happens (or should I say when?).
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 696
Merit: 439



View Profile
March 06, 2018, 05:23:57 AM

It seems like we may be crossing the chasm....
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
March 06, 2018, 05:57:44 AM

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
JayJuanGee
Legendary
*
Online Online

Activity: 3990
Merit: 11719


Self-Custody is a right. Say no to"Non-custodial"


View Profile
March 06, 2018, 06:02:11 AM

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.


Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
March 06, 2018, 06:03:05 AM

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.


Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
A different poster said we wereit's already at 1%. I'm not sure if I agree we are actually there yet. It might be off by say, just 1 order of magnitude.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 06, 2018, 06:07:27 AM

It seems like we may be crossing the chasm....

"Carolina", he screamed again. "There's that damned wormtrain. Making snake straight across your chasm! Now what have I told you, if I ever caught him 'round here I'd whoop him." She said nothing, smoothed the sides of her dress, and sighed. "You know", she said, kicking the kitchen floor. "Maybe I might should just leave then." "The power is in you little lady," he said. He walked her to the window. "See that rainbow? Well, you just keep clicking those heels."
bitserve
Legendary
*
Offline Offline

Activity: 1946
Merit: 1621


Self made HODLER ✓


View Profile
March 06, 2018, 06:11:51 AM

I don't think we even are at 1% adoption by "first world" population much less total worldwide population.

More than 0.1%? Probably yes.
Toxic2040
Legendary
*
Offline Offline

Activity: 1834
Merit: 4197



View Profile
March 06, 2018, 06:15:17 AM



Just a little hypothesis I am playing around with. Its the ol' 1,2,3,4,1,2,3,BOOM maneuver.

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.

No back sliding! You were doing so good. Tongue

Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?

"... are we at .2% or .5%."    0.390625%=$18620.3849896875      <  We are around here. Not even .4%

Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close.
bitserve
Legendary
*
Offline Offline

Activity: 1946
Merit: 1621


Self made HODLER ✓


View Profile
March 06, 2018, 06:20:09 AM



Just a little hypothesis I am playing around with. Its the ol' 1,2,3,4,1,2,3,BOOM maneuver.

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.

No back sliding! You were doing so good. Tongue

Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?

"... are we at .2% or .5%."    0.390625%=$18620.3849896875      <  We are around here. Not even .4%

Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close.

Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.
cAPSLOCK
Legendary
*
Online Online

Activity: 3920
Merit: 5576


Note the unconventional cAPITALIZATION!


View Profile
March 06, 2018, 06:21:04 AM

It seems like we may be crossing the chasm....

"Carolina", he screamed again. "There's that damned wormtrain. Making snake straight across your chasm! Now what have I told you, if I ever caught him 'round here I'd whoop him." She said nothing, smoothed the sides of her dress, and sighed. "You know", she said, kicking the kitchen floor. "Maybe I might should just leave then." "The power is in you little lady," he said. He walked her to the window. "See that rainbow? Well, you just keep clicking those heels."

JayJuanGee
Legendary
*
Online Online

Activity: 3990
Merit: 11719


Self-Custody is a right. Say no to"Non-custodial"


View Profile
March 06, 2018, 06:21:34 AM

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.


Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
A different poster said we wereit's already at 1%. I'm not sure if I agree we are actually there yet. It might be off by say, just 1 order of magnitude.


Yeah but so what regarding a poster who said something? because posters say all kinds of dumb shit, including yours truly.  

Yet, after Paashaas made the unsubstantiated claim of something approaching 1% adoption, a couple of us asked for a more specific claim or evidence to support the bare naked 1% adoption assertion, and there are no such facts in evidence for such claim.

Even if you believe that such 1% is within "an order of magnitude's" reach, I doubt that you are going to find convincing evidence of any thing even approaching .5%, which would be about 35 million peeps, and that is even if you include all cryptos (not just bitcoin).

Ok.... .so where are we currently?  Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?

"... are we at .2% or .5%."    0.390625%=$18620.3849896875      <  We are around here. Not even .4%

Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close.

Sounds reasonable and fair.... Does it make much difference if we are referring to bitcoin only or if we are including all of the snot nosed 12 to 14 year olds in the altcoin scene?


Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.


14 million is the amount claimed by coinbase... Is that accurate?  So wouldn't the world's useage be double or triple that?

We are not getting to the 70 million arena (which would be close to 1%) merely based on extrapolations from coinbase's supposed user base, are we?
Toxic2040
Legendary
*
Offline Offline

Activity: 1834
Merit: 4197



View Profile
March 06, 2018, 06:29:01 AM

Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.

I am talking actual users..not zombie accounts. I subtracted that factor of 20 from it after someone suggested I was off in my calculation of broad money. I thought I had posted that back of the napkin calc in this thread sometime ago..
Phil_S
Legendary
*
Offline Offline

Activity: 2147
Merit: 1662


We choose to go to the moon


View Profile
March 06, 2018, 06:29:31 AM
Merited by Karartma1 (3)

Crypto Chart Visionary Art
https://twitter.com/manwithnoname49

Nice!
Pages: « 1 ... 19674 19675 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 [19724] 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 ... 34255 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!