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Question: Did we reach the bottom already?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25813315 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. (170 posts by 5 users with 9 merit deleted.)
Toxic2040
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March 06, 2018, 07:25:03 AM

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?


Actual daily users..  14 mio
People who fomo'd recently and long term hodlers who dont use bitcoin daily.  45-70 mio about .5%-1%
Total number of people exposed to bitcoin and crypto this last hype cycle.  700 mio or about 10% of the planet.

As with any exponential increase its almost impossible to really grasp hold of whats really going on even if its right in front of your eyes. The human mind just can not visualize those kinds of numbers. You have to trust in mathematics.

The jump from where we are at 14 million..or 70 million(which I feel is probably more accurate) to 700 million is going to blow our minds.


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Karartma1
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March 06, 2018, 07:28:42 AM

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

Nice!
Absolutely marvelous works of crypto art! Thanks for sharing, now I know where to get Desktop Wallpaper from!
Amazing
HairyMaclairy
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March 06, 2018, 07:30:35 AM

Can you provide a source for 14 million daily users?  Was that on the FoMO peak day?
Maricel2017
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March 06, 2018, 07:40:33 AM

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?
I think more than that dude. Bitcoin will hit $13000 again for this month.
Rosewater Foundation
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March 06, 2018, 07:43:35 AM

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?
I think more than that dude. Bitcoin will hit $13000 again for this month.
It will dump just before hitting high noon. Harry just went over this.

Edit: Here

Edit:  the real dump will come when we touch $12k or just before.
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March 06, 2018, 07:48:20 AM

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?
We will do simple party if that would happen. Simple celebration showing i got good enough profit for the continuous increasing of bitcoin value.
Last of the V8s
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March 06, 2018, 07:49:10 AM


I keep saying it and it keeps happening.

The one no-one's watching - Unobtanium. Now 4 years old.

Try getting your hands on it - you can't.

Now $170. Immense !!




Lead dev Bryce Weiner. scammy dubious. noty.
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March 06, 2018, 07:50:11 AM

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?


Actual daily users..  14 mio
People who fomo'd recently and long term hodlers who dont use bitcoin daily.  45-70 mio about .5%-1%
Total number of people exposed to bitcoin and crypto this last hype cycle.  700 mio or about 10% of the planet.

As with any exponential increase its almost impossible to really grasp hold of whats really going on even if its right in front of your eyes. The human mind just can not visualize those kinds of numbers. You have to trust in mathematics.

The jump from where we are at 14 million..or 70 million(which I feel is probably more accurate) to 700 million is going to blow our minds.

This conversation is getting further and further into the ungrounded speculations... I say whoaza to all of it...

daily users = peeps who have held or used $1k of bitcoin over the past year   - 14 million peeps

recently fomoed - perhaps only $100 of bitcoin or more in the past year  - 45-70 million peeps  (that is just amazing speculation to assert)

total number "exposed" whatever that means (they heard about bitcoin - 700 million peeps .... OMG... you are grasping, and who cares about the 700 million who heard about bitcoin, they have not yet acted in any kind of material way, and if you really ask them to describe bitcoin, they have more than a 95% chance of getting it wrong in a large way and not having any kind of clue about how to get started or even having any motivation to get started.

I will agree with you that it is going to be amazing to get these 10% to onboard, but good luck accomplishing that in the next 5 years.

Can you provide a source for 14 million daily users?  Was that on the FoMO peak day?

I  believe that Toxic really did justice to "toxic" this time, and perhaps it was hallucinogenic mushrooms?
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March 06, 2018, 07:56:51 AM

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?

How about ~100%?
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March 06, 2018, 08:01:16 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.
Why would it be a fantasy?  Usage of national currencies being largely confined to their own nation seems only logical, bitcoin being unable to be used worldwide seems illogical.
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March 06, 2018, 08:42:23 AM
Last edit: March 06, 2018, 09:52:21 AM by Toxic2040

This conversation is getting further and further into the ungrounded speculations... I say whoaza to all of it...

daily users = peeps who have held or used $1k of bitcoin over the past year   - 14 million peeps

recently fomoed - perhaps only $100 of bitcoin or more in the past year  - 45-70 million peeps  (that is just amazing speculation to assert)

total number "exposed" whatever that means (they heard about bitcoin - 700 million peeps .... OMG... you are grasping, and who cares about the 700 million who heard about bitcoin, they have not yet acted in any kind of material way, and if you really ask them to describe bitcoin, they have more than a 95% chance of getting it wrong in a large way and not having any kind of clue about how to get started or even having any motivation to get started.

I will agree with you that it is going to be amazing to get these 10% to onboard, but good luck accomplishing that in the next 5 years.

Can you provide a source for 14 million daily users?  Was that on the FoMO peak day?

I  believe that Toxic really did justice to "toxic" this time, and perhaps it was hallucinogenic mushrooms?


Did I miss the speculation part of this thread? That is what we are doing is it not? I am just extrapolating data as I see it JJG. I am far from a expert so you cant take it for what it is.
As of last year however there were up to 5.8 million unique bitcoin addresses...so  I guess the numbers are off if you think all the normies have full nodes. I highly doubt it myself, most dont even know what a node is. I would say most keep their corns insecurely on exchanges or phone apps. What do you think the adoption rate has been over the last few months? I feel like its increasing dramatically..people I havent talked to in ages are calling and asking about bitcoin. My sister for crying out loud called me not a week ago and asked if I could help her understand bitcoin. WAKE THE FUCK UP!

Here is a study Cambridge University did last year, so I cant confirm its veracity. How ever it does have some interesting data that I qouted above. I am purely speculating when I say 14 million but when dealing with exponential increases by the time you realize it is upon you its already happened.
https://web.archive.org/web/20170410130007/https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf

Anyway..back to my cave.

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March 06, 2018, 09:55:49 AM
Merited by LFC_Bitcoin (1), DeathAngel (1), El duderino_ (1)

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.
LFC_Bitcoin
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March 06, 2018, 10:00:10 AM
Merited by El duderino_ (1)

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.


Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).
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$120000 by 2023 confirmed 🇺🇦


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March 06, 2018, 10:05:23 AM

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

I think we all have a problem here
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March 06, 2018, 10:18:12 AM
Merited by LFC_Bitcoin (1)

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.


Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).

same here convinced of beeing a long ....very LONG time hodler but still cannot see a day without multiple times checking the price ... maybe its not the best but for sure it ain't not the worst as well
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March 06, 2018, 10:31:56 AM

Well there goes the future of money.
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March 06, 2018, 10:34:01 AM

Well there goes the future of money.

Don't panic . This is pure manipulation led by some bitstamp traders. They are walling up after each sell off and forcing the price down.
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March 06, 2018, 10:34:32 AM

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

I managed to ignore the price for a while, back in 2015...  Smiley

P.S. Are we below 11k again? Always something's happening these days.
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March 06, 2018, 10:35:34 AM

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.


Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).

same here convinced of beeing a long ....very LONG time hodler but still cannot see a day without multiple times checking the price ... maybe its not the best but for sure it ain't not the worst as well

How are we supposed to not check the price when some of our & our families & their families long term futures are in this thing Cheesy

I think mid 2021 is when we’re going to be struggling not to sell a large % for HUGE profits.
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March 06, 2018, 10:37:42 AM

And again were not possible to go above €9500...


Damn big hodlerrrr are messing with us
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