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

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[camolist]

so much good news....time to short?

[Erdogan]

Trying to get my head around deflation... came across this.. Just started reading but interesting..

http://www.deflation.com/understanding-deflation/

You could also check out google: deflation mises org daily

[medialab101]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

[camolist]

The New York Stock Exchange are going to be such bag holders... lol

i mean i dont think i could even be mad if bitcoin went to 0 and wallstreet was a majority owner of bitcoin 

[NotLambchop]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did

[JorgeStolfi]

What does NYSE have to do with an ETF that is to launch on the NASDAQ?

I guess that NYSE will publish the BTC price provided by Coinbase, or NYSE will set up a price index that will be used by Coinbase?

[medialab101]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

[LFC_Bitcoin]

Didn't want to hear this news did you beartards & trolls?

We are all early adopters.

10 years time my friends.......

HODL like men.

[lebing]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Profitability has nothing to do with market cap.

[JorgeStolfi]

[BrewCrewFan]

Didn't want to hear this news did you beartards & trolls?

We are all early adopters.

10 years time my friends.......

HODL like men.

I enjoy "the 10 years time my friends" comments.  While yes I believe in 10 years Bitcoin will be a boom its funny to assume everyone can HODL with no cares in the world.

Life comes at you fast, House, cars, wives, damn kids.  HODLing is great but how you control your HODLing is going to be far more important in the future than most could imagine.

What is life changing money for you could be a car to others.  

What is your financial capabilities to HODL is the question that each one of you should be asking -

That is why the key point pounded home time and time again is never to put more in than you can afford to lose... but another way to look at it is money you wont miss. I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.

[JorgeStolfi]

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

AFAIK, Coinbase does not invest in bitcoin either.  Their profit does not depend on the price of bitcoin, but on how much USD they process.

I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).   

[NotLambchop]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Investing in crypto business is getting your foot into crypto.  If another crypto succeeds, adapting to any coin would be trivial.
Also, see:  Velocity of money.

[inca]

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

AFAIK, Coinbase does not invest in bitcoin either.  Their profit does not depend on the price of bitcoin, but on how much USD they process.

I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).   

Certainly not because bitcoin is undervalued jorge! You are hilarious.

[noma]

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Profitability has nothing to do with market cap.

Coinbase is setting up a business that will cater to the mass 90% of public that will utilize BTC without knowing they are using Bitcoin for daily exchanges - basically Coinbase is going to sell you bitcoin for a 1-2% fee, allow internal transfers to allow you to buy that coffee from the corner coffee shop at them paying 1% fees, and then resell the bitcoin.

That is what these guys are investing in, not the total market cap of BTC.  I figure the investors are buying bitcoin as a % of their own net worth and using fiat to support and gain fiat by investing into Coinbase.

I guess that is why VC's see the potential and invested 75 million into the company. Thats a crazy amount.

[medialab101]

so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Investing in crypto business is getting your foot into crypto.  If another crypto succeeds, adapting to any coin would be trivial.
Also, see:  Velocity of money.

I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad 

[inca]

I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad 

I fear sadness abounds..

[inca]

Chamath Palihapitiya ‏@chamath 25s25 seconds ago

At $400M post, @coinbase valuation is almost 15% of entire BTC market cap. Top 20 BTC co's market cap > entire BTC market cap.

Not for long

[NotLambchop]

...
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad 

You clearly have self-image issues.  Stop being so hard on yourself, you're fascinating!  Really

Step away from the keyboard, Ivan's hoe, you're getting belligerent.  Here, have a nice gif to feed your Bitcoin dreams

I was actually planning to step away from the keyboard yes, i have other things to do.

Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point You are wasting your life.

Wasting my life?  You undervalue Satoshi's Great Social Experiment.  Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.



You're fascinating and useful, Bitcoiners.  Satoshi has created something wonderful, and I'm not missing a minute of it.
Now go buy some BTC--don't make me shake the box