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

[seleme]

For BTC to be worth 300k we would need an option to buy bread, milk or cigarettes with it in the neighborhood and in pretty much any shop we'd like.

[1685979788]

1685979788

[1685979788]

1685979788

[TheKoziTwo]

hes just a driver of some rich guy or just pay some $ to take this photo. hes a scammer.

This car is owned by this hotel Haikon Kartano and this spot in front of the hotel is not an uncommon place to find this car spend its days parked at.

Ah yes, I see now :

Love that polished image! Is there anyone here who is not a supernode yet? Maybe time to buy 

0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100

[KillaMarci]

If BTC was at $300k by the end of this year then that would make most people in this thread instant millionaires. If I had to guess which price Bitcoin is at by the end of the year I'd say...

Let's just take the 1.6% daily growth we had before the April 10th. crash, throw them in Excel and see what it says...


$3000...still pretty damn high for my imagination to cope with though.

[rpietila]

but I know that $300k per 1 BTC is delusional

How many people you know, who bought a mobile phone, but went back to fixed line?

How many tried Internet but decided it's not for them?

If something happens in the world, would the news not reach the uttermost ends of the earth in latest 48 hours (if not instantly for most places)?

What keeps 1 billion people from adopting bitcoin? (How can you keep them from not adopting it?)

How many bitcoins are for sale?

To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.

[rpietila]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

[Crazy]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because their is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

[crumbcake]

hes just a driver of some rich guy or just pay some $ to take this photo. hes a scammer.

This car is owned by this hotel Haikon Kartano and this spot in front of the hotel is not an uncommon place to find this car spend its days parked at.

Ah yes, I see now :

http://s11.postimg.org/5zm8p8jb7/weddingcar.jpg

http://s20.postimg.org/5f8g9s8jd/aaa.jpg

Love that polished image! Is there anyone here who is not a supernode yet? Maybe time to buy 

0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100

Sorry for spamming this thread, but the first thing that came to mind after seeing the original was this:

http://s20.postimg.org/r7ep43qrh/superfly.jpg

[Rampion]

but I know that $300k per 1 BTC is delusional

How many people you know, who bought a mobile phone, but went back to fixed line?

How many tried Internet but decided it's not for them?

If something happens in the world, would the news not reach the uttermost ends of the earth in latest 48 hours (if not instantly for most places)?

What keeps 1 billion people from adopting bitcoin? (How can you keep them from not adopting it?)

How many bitcoins are for sale?

To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.

Ok man, accept the bet.

[rpietila]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part was detrimental to bitcoin adoption... Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

[rpietila]

Ok man, accept the bet.

You are not being very smart if you turn down a sure 1 bitcoin, or a sure 10 million dollars. What exactly do you need? 

[Rampion]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part is detrimental to bitcoin adoption... Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

There's a lot of obstacles before Bitcoin is embraced by enough people to reach $300k per 1 BTC. If you are so sure about your prediction, put your BTC where your mouth is

[wachtwoord]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part was detrimental to bitcoin adoption... Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

I agree that Bitcoin could one day potentially reach $300k per BTC. However why maintain it will be within a year, almost certainly? That is just silly and makes it look like you're trolling.

For some reason you are saying outrageous things to get attention while being smart enough to know that the things you are claiming are silly.

[KillaMarci]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

I don't know why you believe Bitcoin is going to be used by 1 billion people by the end of the year. That's simply not going to happen. Things like Facebook grow quickly because they're easy to use and people tell their friends about it etc. - Essentially everyone can go ahead and make a Facebook account. It's free, can be done in a few seconds.

Take Paypal for example:

NOVEMBER 2001
In a brief two years, PayPal has emerged as the most successful new
payment service provider on the Internet. Growing at a rate of 18,000
new accounts per day atop a base of 10 million registered users, PayPal,
more than any other service, is shaping how the online community thinks
about consumer payments. While the traditional financial services
industry looks on—partly in contempt, partly in awe—PayPal continues to
bear down: focusing on customer needs, methodically expanding its
service, and steering toward profitability.
This research report examines PayPal’s clear market success to
determine what lessons can be taken away by others in the financial
services industry. After describing how the service has evolved into a
point-to-point payment service, it looks at the company’s customer value
proposition, innovative marketing approach, and overall positioning in the
payments industry. The report concludes by distilling the lessons learned
from PayPal into six simple rules for developing new payment services.

That's 18,000 accounts per day, roughly 6.5 million per year. I know that's 2001, 12 years ago before the internet really started catching on. However my previous point still stands: Creating a Paypal account can be done in under a minute. Getting into Bitcoin is much much harder. When I first started I had to read up on a TON of things, then I had to somehow get my money into one of the exchanges. After a few days of fiddling around I finally managed to get some €'s into Bitstamp via a SEPA transaction.

Right now Bitcoin does not appeal to the general masses of regular consumers. If you want it to you need to make it MUCH easier to get Bitcoins and get to know about them.

[rpietila]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part is detrimental to bitcoin adoption... Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

There's a lot of obstacles before Bitcoin is embraced by enough people to reach $300k per 1 BTC. If you are so sure about your prediction, put your BTC where your mouth is

Ah sorry!   Until now I thought your join date was early 2011, but that was another one. You have no business understanding this yet, ignored.

[fitty]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

Facebook users found utility, new BTC adopters aren't adopting for practical utility (because their is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

Huh?

Bitcoin is a great transaction currency. Want to buy a bong, double ended dildo, without the govt, your mom, your wife knowing about it? Use Bitcoin! Want to send money around the globe without getting raped by fees? Bitcoin is here to save the day!

There's 10,000s of people using Bitcoin for those two purposes. None of them are trying to "get rich". You're confusing the exchange and Bitcoin. The exchange is an entity on it's own.

I'd argue Bitcoin is way more useful then Facebook, but since I never signed up for Facebook I  might be biased.  

[TheKoziTwo]

Haha oh man, rpietila and his supernodes may become some sort of meme  

But in all seriousness, $300k per bitcoin in 2013 is very delusional. Kind of reminds me of how Bruce Wagner went on and on with "price can only go UP UP UP" and "$10000 within the year" back in 2011.

rpietila, you can't ask people to prove a negative, if you believe the price will reach $300k within 2013 it's up to you to lay out the proofs or reasons why you believe so. Sure, facebook as had some wild adoption, but why would bitcoin have the same? it could take years before that happen... You said you pulled the rate of 10-30% weekly growth out of a hat, so it doesn't mean anything. You also don't know the current number of users nor do you know the amount of bitcoins available for sale. It's all speculation and silly bubble talk.

But $300k a coin? A man can dream can't he? A man can dream.

[Richy_T]

I admire your bot, Richie!

Now, there's something I wouldn't mind being told more often.

Ahh that's why it says automated posting?

I can't read those 3d charts though, they tell me nothing. Can you explain them?

The last hour's market, price on the X axis, market depth on the Z axis and time on the Y. Newest information closer to the front. Data gathered every minute, stored then processed at the 59th minute of each hour.

[freethink2013]

I'd be thrilled at $300 never mind the k

[Rampion]

I agree that Bitcoin could one day potentially reach $300k per BTC. However why maintain it will be within a year, almost certainly? That is just silly and makes it look like you're trolling.

For some reason you are saying outrageous things to get attention while being smart enough to know that the things you are claiming are silly.

This.  

Rpietila, if you're so sure accept 100 of my BTC against 50 of your BTC. I bet we won't reach $300k per 1 BTC during this year. You bet the opposite.

If you don't accept it's just because you know you are just trolling in a very silly way.

[rpietila]

I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.

I don't know why you believe Bitcoin is going to be used by 1 billion people by the end of the year. That's simply not going to happen. Things like Facebook grow quickly because they're easy to use and people tell their friends about it etc. - Essentially everyone can go ahead and make a Facebook account. It's free, can be done in a few seconds.

Take Paypal for example:

NOVEMBER 2001
In a brief two years, PayPal has emerged as the most successful new
payment service provider on the Internet. Growing at a rate of 18,000
new accounts per day atop a base of 10 million registered users, PayPal,
more than any other service, is shaping how the online community thinks
about consumer payments. While the traditional financial services
industry looks on—partly in contempt, partly in awe—PayPal continues to
bear down: focusing on customer needs, methodically expanding its
service, and steering toward profitability.
This research report examines PayPal’s clear market success to
determine what lessons can be taken away by others in the financial
services industry. After describing how the service has evolved into a
point-to-point payment service, it looks at the company’s customer value
proposition, innovative marketing approach, and overall positioning in the
payments industry. The report concludes by distilling the lessons learned
from PayPal into six simple rules for developing new payment services.

That's 18,000 accounts per day, roughly 6.5 million per year. I know that's 2001, 12 years ago before the internet really started catching on. However my previous point still stands: Creating a Paypal account can be done in under a minute. Getting into Bitcoin is much much harder. When I first started I had to read up on a TON of things, then I had to somehow get my money into one of the exchanges. After a few days of fiddling around I finally managed to get some €'s into Bitstamp via a SEPA transaction.

Right now Bitcoin does not appeal to the general masses of regular consumers. If you want it to you need to make it MUCH easier to get Bitcoins and get to know about them.

All this is going to happen in 3 months, I have written it in my diary (link in sig).

It is almost as if nobody actually reads it