Bitcoin Forum
April 15, 2021, 12:11:20 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When New ATH?
Apr. 11 - 2 (2.9%)
Apr. 12 - 4 (5.7%)
Apr. 13 - 15 (21.4%)
Apr. 14 - 9 (12.9%)
Apr. 15 - 8 (11.4%)
Apr. 16 - 2 (2.9%)
Apr. 17 - 7 (10%)
After Apr. 17 - 23 (32.9%)
Total Voters: 70

Pages: « 1 ... 3931 3932 3933 3934 3935 3936 3937 3938 3939 3940 3941 3942 3943 3944 3945 3946 3947 3948 3949 3950 3951 3952 3953 3954 3955 3956 3957 3958 3959 3960 3961 3962 3963 3964 3965 3966 3967 3968 3969 3970 3971 3972 3973 3974 3975 3976 3977 3978 3979 3980 [3981] 3982 3983 3984 3985 3986 3987 3988 3989 3990 3991 3992 3993 3994 3995 3996 3997 3998 3999 4000 4001 4002 4003 4004 4005 4006 4007 4008 4009 4010 4011 4012 4013 4014 4015 4016 4017 4018 4019 4020 4021 4022 4023 4024 4025 4026 4027 4028 4029 4030 4031 ... 28609 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25257027 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. (157 posts by 13 users deleted.)
Richy_T
Legendary
*
Offline Offline

Activity: 1442
Merit: 1110


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
January 26, 2014, 03:30:05 AM
 #79601

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
1618445480
Hero Member
*
Offline Offline

Posts: 1618445480

View Profile Personal Message (Offline)

Ignore
1618445480
Reply with quote  #2

1618445480
Report to moderator
ChartBuddy
Legendary
*
Offline Offline

Activity: 1064
Merit: 1009


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
January 26, 2014, 04:02:41 AM
 #79602


Explanation
mah87
Donator
Hero Member
*
Offline Offline

Activity: 756
Merit: 500

-Bitcoin & Ripple-


View Profile
January 26, 2014, 04:16:53 AM
 #79603

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
January 26, 2014, 04:26:01 AM
 #79604

There are now 3 camps here:

1. Hodling
2. Day tarding
3. Fuckign bubble
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile
January 26, 2014, 04:27:11 AM
 #79605

There are now 3 camps here:

1. Hodling
2. Day tarding
3. Fuckign bubble


What if I'm in all 3 camps?
OldGeek
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250

Blitz:The price affects the perception of the news


View Profile
January 26, 2014, 04:31:24 AM
 #79606

What if I'm in all 3 camps?

That'd make at least two of us.
5od0miz3r
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
January 26, 2014, 04:57:28 AM
 #79607

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.

BITCOIN IS A FUCKING BUBBLE IT'S GONNA BURST THIS YEAR!

bitcoin is a bubble

...before the bitcoin bubble burst.


So, what exactly are you trying to say?
Vigil
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
January 26, 2014, 05:01:06 AM
 #79608

What would it take for Bitcoin to go back to $10? I don't forsee that happening.
OldGeek
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250

Blitz:The price affects the perception of the news


View Profile
January 26, 2014, 05:01:56 AM
 #79609

What we call this ‘market’ really is interesting.  For reference:  I have a small mining operation, I purchased for a cold wallet in Sept at 122, and I day trade on BTC-e.

What we are trading, and holding, is the reward paid to the miners for creating and maintaining the blockchain.  (BTW, in my books, holding is a form of speculation.)  We do not buy, nor earn, anything like a share of bitcoin.  We buy and trade what the miner sold to pay his bills or to profit from.

There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world.  I cannot believe that, for many reasons.

What I can believe is that XBT will be used for quick, cheap, money transfer; that the blockchain can, and likely will, be used for permanent record keeping; and that the idea behind bitcoin will allow some bright people to create some never before thought of – highly useful – applications that will revolutionize monetary practices.

Some merchants will embrace XBT with good reason.  Others will not see a use for it.  Some governments will ignore XBT; others will see it as a threat to their monopoly and restrict it.  Bankers will not care.  Central banks will not care.  Big businesses will not care (they rely on banks for funding and the price of such is built into the product).

If there aren’t significant developments, applications that depend on the blockchain (and hence the miners), say in the next 12 months, then XBT will likely be viewed as a fad.  These significant developments need to be something that will rock the world much like the internet did.  Then the price of XBT will match the needs of the most efficient miners who will keep the blockchain intact. 

Until then, we play footsie with the price of the miner’s efforts.

/end Saturday boredom thoughts
mah87
Donator
Hero Member
*
Offline Offline

Activity: 756
Merit: 500

-Bitcoin & Ripple-


View Profile
January 26, 2014, 05:07:40 AM
 #79610

What would it take for Bitcoin to go back to $10? I don't forsee that happening.

Because bitcoin is a bubble with no real value. Someday this will appear clearly.
chessnut
Legendary
*
Offline Offline

Activity: 924
Merit: 1001



View Profile
January 26, 2014, 05:32:49 AM
 #79611

What would it take for Bitcoin to go back to $10? I don't forsee that happening.

Because bitcoin is a bubble with no real value. Someday this will appear clearly.


why dont you enlighten us all. I never really thought about it.
seleme
Legendary
*
Offline Offline

Activity: 1946
Merit: 1012



View Profile WWW
January 26, 2014, 05:33:01 AM
 #79612

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.

406 activity, fuckign unbelievable.
DaRude
Legendary
*
Offline Offline

Activity: 2191
Merit: 1354


In order to dump coins one must have coins


View Profile
January 26, 2014, 05:42:17 AM
 #79613

Our soon-to-be-overlord Willy is back CCMF
virtualfaqs
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile WWW
January 26, 2014, 06:18:58 AM
 #79614

Our soon-to-be-overlord Willy is back CCMF

all hail!

Most annoying bot ever.
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile
January 26, 2014, 06:24:55 AM
 #79615

maybe somebody just has a lot of fiat stuck at gox
windjc
Legendary
*
Offline Offline

Activity: 2156
Merit: 1070


View Profile
January 26, 2014, 06:55:42 AM
 #79616

What we call this ‘market’ really is interesting.  For reference:  I have a small mining operation, I purchased for a cold wallet in Sept at 122, and I day trade on BTC-e.

What we are trading, and holding, is the reward paid to the miners for creating and maintaining the blockchain.  (BTW, in my books, holding is a form of speculation.)  We do not buy, nor earn, anything like a share of bitcoin.  We buy and trade what the miner sold to pay his bills or to profit from.

There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world.  I cannot believe that, for many reasons.

What I can believe is that XBT will be used for quick, cheap, money transfer; that the blockchain can, and likely will, be used for permanent record keeping; and that the idea behind bitcoin will allow some bright people to create some never before thought of – highly useful – applications that will revolutionize monetary practices.

Some merchants will embrace XBT with good reason.  Others will not see a use for it.  Some governments will ignore XBT; others will see it as a threat to their monopoly and restrict it.  Bankers will not care.  Central banks will not care.  Big businesses will not care (they rely on banks for funding and the price of such is built into the product).

If there aren’t significant developments, applications that depend on the blockchain (and hence the miners), say in the next 12 months, then XBT will likely be viewed as a fad.  These significant developments need to be something that will rock the world much like the internet did.  Then the price of XBT will match the needs of the most efficient miners who will keep the blockchain intact. 

Until then, we play footsie with the price of the miner’s efforts.

/end Saturday boredom thoughts


Really? You think if something isn't created with bitcoin within the next 12 months that is an easy to swallow and hugely revolutionary addition, than bitcoin will begin to fade into oblivion?  Do I understand you correctly? Because I just don't believe that there isn't a need for a people's money. There are so many different conditions that could use bitcoin and 1st world issues are not the same as 3rd world issues.  You seem to be describing where bitcoin is today in your predictions of what it might be in the future. I think all of us expect too much too soon from bitcoin. It is still a young child. It could be seen as a fad a year from now and still go on to have a revolutionary impact 10+ years from now, IMO
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3514
Merit: 1671



View Profile
January 26, 2014, 07:04:12 AM
 #79617

What would it take for Bitcoin to go back to $10? I don't forsee that happening.

Because bitcoin is a bubble with no real value. Someday this will appear clearly.


why dont you enlighten us all. I never really thought about it.

... you're implying he did?

All money is a bubble. The monetary premium placed upon a good, over and above it's cost of production, is the shared confidence of the users of the money, i.e. a bubble. Houses are being monetised, art is being monetised, antique cars and machinery are being monetised. The grand fiat monetary experiments have fucked up the money markets beyond all recognition. Money, confidence and value are pouring out into every other asset class capable of being monetised.

Bitcoin is in bubble yes. But the higher and longer up the adoption curve we go the LESS risk we have of ever coming back down in the near future, probably not in any of our lifetimes. As bitcoin grows in size, acceptance, recognizability and price the longer the total life of bitcoin is assured. The bubble will eventually deflate but not soon enough for mah87 to remain bearish for his entire life.
Mythul
Sr. Member
****
Offline Offline

Activity: 644
Merit: 250


View Profile
January 26, 2014, 07:17:16 AM
 #79618

Look at Gox price ! It is crazy !
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
January 26, 2014, 07:23:07 AM
 #79619

There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world.  I cannot believe that, for many reasons.

I'm becoming increasingly convinced that it will become a major currency, a reserve currency.  It has no counterparty risk.  Debt-based money has always and will always fail, either gradually or suddenly.  Only hard money is without counterparty risk.  The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk.  USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world.  They have sown the wind, and will reap the whirlwind.  It's mathematically inevitable at this point.  We just don't know how long the dead men can keep walking.
delphic
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
January 26, 2014, 07:38:29 AM
 #79620

There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world.  I cannot believe that, for many reasons.

I'm becoming increasingly convinced that it will become a major currency, a reserve currency.  It has no counterparty risk.  Debt-based money has always and will always fail, either gradually or suddenly.  Only hard money is without counterparty risk.  The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk.  USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world.  They have sown the wind, and will reap the whirlwind.  It's mathematically inevitable at this point.  We just don't know how long the dead men can keep walking.

I don't know either, but I think that with the NY hearings, the 31st Jan China deadline, and the prospect of a spectacular fund default in China on 31st as well, it may be an interesting week ahead for bitcoin.
Pages: « 1 ... 3931 3932 3933 3934 3935 3936 3937 3938 3939 3940 3941 3942 3943 3944 3945 3946 3947 3948 3949 3950 3951 3952 3953 3954 3955 3956 3957 3958 3959 3960 3961 3962 3963 3964 3965 3966 3967 3968 3969 3970 3971 3972 3973 3974 3975 3976 3977 3978 3979 3980 [3981] 3982 3983 3984 3985 3986 3987 3988 3989 3990 3991 3992 3993 3994 3995 3996 3997 3998 3999 4000 4001 4002 4003 4004 4005 4006 4007 4008 4009 4010 4011 4012 4013 4014 4015 4016 4017 4018 4019 4020 4021 4022 4023 4024 4025 4026 4027 4028 4029 4030 4031 ... 28609 »
  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!