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

[nioc]

Gemini Bitcoin Exchange of Winklevoss Twins Gets NYDFS Approval

http://www.newsbtc.com/2015/10/02/gemini-bitcoin-exchange-of-winklevoss-twins-gets-nydfs-approval/

"With that, Gemini bitcoin exchange is now an established entity but this only marks the first among many steps before the company can start offering its services.

The bitcoin exchange plans on operating exclusively in the US, working with US banks and guaranteeing that the funds never leave the country."

So it ain't happening "soon.

WTF does the second line mean

[adamstgBit]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

Have you seen gold?  It is shiny and beautiful!

Have you seen btc?  ________________

I've seen poeple lick the bottom of another's boot with a verbal agreement to pay up funny colored paper.

and i've seen poeple turn down 1oz of gold for 50$

https://www.youtube.com/watch?v=Gk5aRIz17fk

Bitcoin is like a raptor with shades holding dynamite and a ray gun, riding on a bacon eating shark with big tits

your argument is invalid

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

Have you seen gold?  It is shiny and beautiful!

Have you seen btc?  ________________

I've seen poeple lick the bottom of another's boot with a verbal agreement to pay up funny colored paper.

and i've seen poeple turn down 1oz of gold for 50$

https://www.youtube.com/watch?v=Gk5aRIz17fk

Bitcoin is like a raptor with shades holding dynamite and a ray gun, riding on a bacon eating shark with big tits

your argument is invalid

hahahahaha.... Agree... bitcoin is a lot of things...

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[gizmoh]

For those who are bored on this forum, there's r/BitcoinMarkets daily discussion.

Friday's discussion is quite interesting:

https://www.reddit.com/r/BitcoinMarkets/comments/3n6vl6/daily_discussion_friday_october_02_2015/

[Fatman3001]

I'll just help myself to that splendid image.

SAVED

[ChartBuddy]

Coin
Explanation

[kurious]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

Have you seen gold?  It is shiny and beautiful!

Have you seen btc?  ________________

I've seen poeple lick the bottom of another's boot with a verbal agreement to pay up funny colored paper.

and i've seen poeple turn down 1oz of gold for 50$

https://www.youtube.com/watch?v=Gk5aRIz17fk

Bitcoin is like a raptor with shades holding dynamite and a ray gun, riding on a bacon eating shark with big tits

your argument is invalid

Aaaaand a proper post.  This thread still inspires with the odd post displaying sheer genius.

 

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[nioc]

We have reached Normality.

[BlindMayorBitcorn]

We have reached Normality.

Or that's what they want us to think.

[ChartBuddy]

Coin
Explanation

[BlindMayorBitcorn]

For those who are bored on this forum, there's r/BitcoinMarkets daily discussion.

Friday's discussion is quite interesting:

https://www.reddit.com/r/BitcoinMarkets/comments/3n6vl6/daily_discussion_friday_october_02_2015/

Reddt's always good for drama if you want it.

Mike Hearn accidentally reveals that he is Satoshi Nakamoto. Shocked butters take refuge in irrational denial.
submitted 1 day ago by jstolfi

[Searing]

For those who are bored on this forum, there's r/BitcoinMarkets daily discussion.

Friday's discussion is quite interesting:

https://www.reddit.com/r/BitcoinMarkets/comments/3n6vl6/daily_discussion_friday_october_02_2015/

Reddt's always good for drama if you want it.

Mike Hearn accidentally reveals that he is Satoshi Nakamoto. Shocked butters take refuge in irrational denial.
submitted 1 day ago by jstolfi

If Mike Hearn is Satoshi after eating my 'shoe' I will move all BTC to LTC or probably cash ....I mean ...it is like finding out one morning Trump is President ..(scared self in 2 real world camps)

man what  a dump of BTC to USD that would be imho

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation