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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26485194 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 3 users with 9 merit deleted.)
caga
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January 31, 2015, 09:59:53 PM

Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

JUST MADE MY DAY: THE FUTURE OF BITCOIN: http://youtu.be/0QJ_iNkxeLM


You're that nut that god has sent a sign to buy bitcoin , right|?

he's the guy who is going to post that link 10 times and get people to buy 1 Bitcoin.
ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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January 31, 2015, 09:59:55 PM

Coin
Explanation
Jammalan the Prophet
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January 31, 2015, 10:00:37 PM

Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

JUST MADE MY DAY: THE FUTURE OF BITCOIN: http://youtu.be/0QJ_iNkxeLM


You're that nut that god has sent a sign to buy bitcoin , right|?

he's the guy who is going to post that link 10 times and get people to buy 1 Bitcoin.


It wasn't even hacked. They are doing this to test Bitcoin one last time. This is a mark in history people. Mark my words. The price won't dip below 255. After bit stamp opens the price will remain in the 270s and rise steady from there.

One of his threads:
BITSTAMP WAS NOT HACKED!!! https://bitcointalk.org/index.php?topic=915142.0
Jammalan the Prophet
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January 31, 2015, 10:07:37 PM

Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

+10000% in 4 years. Yep, hilarious

Wanna hear some fun math?
Everybody that mined one bitcoin almost for free is now 220$ usd wealthier
But those that bought at 1000 have lost 780$ for each bitcoin.

Funny how 400% is more than 10000%
LFC_Bitcoin
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January 31, 2015, 10:08:50 PM

Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

JUST MADE MY DAY: THE FUTURE OF BITCOIN: http://youtu.be/0QJ_iNkxeLM


You're that nut that god has sent a sign to buy bitcoin , right|?

he's the guy who is going to post that link 10 times and get people to buy 1 Bitcoin.

Good.
I hope it makes all the noobs buy & hodl.
There's enough 'bitcoin is dead trolling' we need some moon trolls too.
Jammalan the Prophet
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January 31, 2015, 10:15:33 PM

Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

JUST MADE MY DAY: THE FUTURE OF BITCOIN: http://youtu.be/0QJ_iNkxeLM


You're that nut that god has sent a sign to buy bitcoin , right|?

he's the guy who is going to post that link 10 times and get people to buy 1 Bitcoin.

Good.
I hope it makes all the noobs buy & hodl.
There's enough 'bitcoin is dead trolling' we need some moon trolls too.

Trolls , not idiots.
coins101
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January 31, 2015, 10:18:25 PM

Google adds crypto, and the price goes down  Huh

JorgeStolfi
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January 31, 2015, 10:20:21 PM

Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
I'd argue there's a number of fundamentals that are highly relevant, such as overall adoption / network size, or valuation floor through usage as medium of exchange for goods valued in USD. Problem is, those are (a) notoriously difficult to estimate precisely, and (b) even if you can estimate them more or less correctly, there never was a long term stable price that would define the "right" ratio of total valuation to adoption/network size, for example.

I personally think the "floor" defined by medium of exchange is the best you can do. By that metric alone, we're most likely still quite a bit overpriced, but that could either mean we drop further up to that floor or that floor isn't the only relevant metric. Probably the latter.

By my estimates, even with generous assumptions about e-payment volume and coin lock-up time, I get around 20 USD/BTC at most.  The current price is still supported mostly by speculation (people who buy bitcoins and hold them in the hope of selling or spending them at a higher price, minutes or decades later).
CoinDox
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January 31, 2015, 10:30:56 PM

Google adds crypto, and the price goes down  Huh



Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former.
Eamorr
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January 31, 2015, 10:33:00 PM

I've a bad feeling about all this.

Surely nothing not much movement can happen until Monday morning?
coins101
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January 31, 2015, 10:35:47 PM

Google adds crypto, and the price goes down  Huh



Price of BTC the currency is not relevant to the utility value of BTC the technology. Google adding crypto speaks to the latter not the former.

Utility doesn't pay the utility company.

They are not mutually exclusive.

Price is everything.
anshar
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January 31, 2015, 10:35:55 PM

I've a bad feeling about all this.

Surely nothing not much movement can happen until Monday morning?

Why not? Bitcoin is international money, it never sleeps on weekends.
thresher
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January 31, 2015, 10:36:33 PM

I hope people don't fall for this trap twice in one day and let it hit 200.
anshar
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January 31, 2015, 10:37:21 PM

I hope people don't fall for this trap twice in one day and let it hit 200.

So it would be a good time to buy then, instead of sell.
marcus_of_augustus
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January 31, 2015, 10:37:38 PM

The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
Walsoraj
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January 31, 2015, 10:38:14 PM

Bitcoiners await the coming of wall street like christians await the rapture.

Bitcoin is a cult.  Get on with your lives.
anshar
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January 31, 2015, 10:38:52 PM

The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.

How did you get this figure of cost of production?
Eamorr
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January 31, 2015, 10:39:40 PM

The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.

Warped logic.

When you rent a house, is your rent determined by what the landlord's mortgage is? No - rent is determined by the market. It matters diddly squat how much electricity it cost to create the BTC.
YourMother
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January 31, 2015, 10:40:19 PM

The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.

anshar
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January 31, 2015, 10:41:06 PM

The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.

Warped logic.

When you rent a house, is your rent determined by what the landlord's mortgage is? No - rent is determined by the market. It matters diddly squat how much electricity it cost to create the BTC.

However the landlord can dictate a higher price.

So basically sellers need to raise their prices and buyers should follow.
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