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

[Brewins]

why train and bubble posts if the price still is at 220 level

[Wary]

US Marshals promised to sell next batch of Ublricht's coins in Q1. That is within next 6 weeks. Maybe whales keep the price low till that moment?

[billyjoeallen]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

$700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced.

[Fatman3001]

US Marshals promised to sell next batch of Ublricht's coins in Q1. That is within next 6 weeks. Maybe whales keep the price low till that moment?

It would be better if the feds just came out with a message saying: F@# off! We gonna HODL like a MOFO!!

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

19,000 BTC swaps isn't enough shorts to make it worth the squeeze...yet. Wait until it's ~ 25,000 before tightening the noose.

[Fatman3001]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other.

[Fatman3001]

19,000 BTC swaps isn't enough shorts to make it worth the squeeze...yet. Wait until it's ~ 25,000 before tightening the noose.

Any chance swaps will decrease or do you think it's pretty certain we will reach 25,000?

[billyjoeallen]

19,000 BTC swaps isn't enough shorts to make it worth the squeeze...yet. Wait until it's ~ 25,000 before tightening the noose.

Any chance swaps will decrease or do you think it's pretty certain we will reach 25,000?

It's possible but unlikely net shorts will go down by much. You might see some profit taking if there is a substantial drop but they will open right back up when price rebounds.

[JorgeStolfi]

"Revolution? What banking revolution?"
Very interesting lecture by Tim Jones (a banking product "designer")
https://www.youtube.com/watch?v=LRD1PCwBD4g

(Warning: Not nice on bitcoin...)

[the_sunship]

"Revolution? What banking revolution?"
Very interesting lecture by Tim Jones (a banking product "designer")
https://www.youtube.com/watch?v=LRD1PCwBD4g

(Warning: Not nice on bitcoin...)

I don't know, an old school banker who's going to retire soon knows what is going to happen to digital money in the next 20 years?

I have my doubts

[ChartBuddy]

Coin
Explanation

[Wary]

US Marshals promised to sell next batch of Ublricht's coins in Q1. That is within next 6 weeks. Maybe whales keep the price low till that moment?

It would be better if the feds just came out with a message saying: F@# off! We gonna HODL like a MOFO!!

Better still "We gonna BUY, with all state budget!" 

[samsonn25]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

$700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced.

Apple stock  pays a dividend

And the pe ratio is only 16.8 not bad for a company  still growing

[JorgeStolfi]

EU leans toward stricter regulation of crptocurrencies:

"France calls for strong regulation of Bitcoin in EU counter-terrorist financing laws following Charlie Hebdo incident and an end to anonymous financial transactions"
AML In Canada, Christine Duhaime, January 29th, 2015
http://www.antimoneylaunderinglaw.com/2015/01/france-eu-call-for-expedited-regulation-of-bitcoin-to-strengthen-counter-terrorist-financing-efforts-following-charlie-hebdo-incident-and-an-end-to-all-anonymous-financial-transactions-through-repor.html

France’s view is that the EU needs to mobilize against, inter alia, virtual currencies. In order to do that, France is seeking to have the EU adopt a strict position on anonymous electronic money and the financial transactions carried out with electronic money. A strict stance means to prohibit anonymous digital financial transactions by requiring that they be transparent and not-anonymous. [ ... ]
France recommended amending legislation to stop terrorist financing by controlling anonymous payment instruments by strongly regulating virtual currencies and electronic money and requiring that there be reporting requirements for those transactions within the AML regime. It also recommended improving existing terrorist financing asset freezing laws. With Bitcoin, that is essentially impossible at this point, given its anonymous nature and impossibility of “freezing” a Bitcoin.

[aztecminer]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

$700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced.

all stocks are over-valued. the stock market is a giant bubble of easy QE money .. they are playing everyone keeping that bubble going until the 'big block of cheese day ' ........

[aztecminer]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other.

are u sure ?? because the new apple ceo came out the closet and told us that apples are for jolly green giants and if i want one i would have to be sure to distinguish and ask for a straight iphone. ...forget it i will save myself the hassle and just buy an android .......... with bitcoin i don't have to consider if i am being prejudice against by jolly green giants since no one actually owns the protocol ..

[ChartBuddy]

Coin
Explanation

[pjviitas]

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for.   Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other.

Name one single rational reason

[marcus_of_augustus]

APPL is the shorting opportunity of a lifetime.