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

[AZwarel]

Do you have a better explanation?  I don't see any news or rumor that could explain it.

I just posted the explanation Stolfinator.  When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet:

Incoming $163,000,000,000 market cap and $7700 coins

https://bitcointalk.org/index.php?topic=1235466.0

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then?  

Didn't investor know then that, within six months, 70% of the coins would be mined?

Whatever the cause for the rally, one thing you should keep in mind: every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

 

Like money right?

But, on a serious note - seriously trollfi, why/how are you a professor again.. - just NO. If only bitcoiners sell/buy from each other, than the price could not change/surge unless a 100 win the lottery at the same time - it is (and wealth creation in general) NOT a zero sum game, give up marxism already FFS; i guess he can not understand this :-)

There are real, "early laggard" people adopting, and new speculators (call it what you like) pour in fiat "money". I know anecdotes are not statistically relevant, but i personally have 2 friends calling me today (technically, yesterday, it is 2 AM here:-) ) about how to buy BTC. I am kinda of an evangelist, telling every non-comatose living person about BTC, and in the last month had several of them approach me - some after half a year of our "bitcoin speach" about "how to do BTC"; from collegaues, close friends. I do not really read/watch MSM, but here - alas in my surroundings - they slowly start to ask questions about BTC by out of genuine curiosity. So i guess interest IS rising, a lot of new faces in the local bitcoin beer event as well lately!

[!! pop]

every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

that is assuming the market is a closed system, but it's not.

there's constantly new buyers entering the market, who also want a share of the pie, but the pie is very limited, so the more people want a share, the more expensive the shares become.

Sure, a lot of bears lost money, which made a lot of bulls a lot of money (for the first time in years, at this scale at least), but a lot of gains also come from new investors.

Give not that which is holy unto the dogs etc. How many times must this be repeated, Jorge?

Well, my sermons do not seem to have any effect, as you can see.  It will not spoil your fun.

You say it because you are sad that you got no profit with the recent bull attack because you have no Bitcoins

Bro, do you really think that anyone but a degenerate gambler cares that your .03 bit-coin 'holdings' are now worth a few pennies more?

Some people don't even gamble or buy lotto tickets. And when they see you with your stack of scratch tickets, face flushed and hands shaking because you've finally won $50, all they feel is pity.
Because they know that you'll blow it all buying more scratch tickets. All of it.
They know it even before you do

[AZwarel]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

[!! pop]

... I am kinda of an evangelist, telling every non-comatose living person about BTC ...

Bitcoin Jesus is doing a 2-year stretch, you know that, right? And no, not for money laundering or any of that crap they hung on him.  He was just one annoying assburger, and there are no laws against that, so they framed him.
Be careful is all I'm sayin'.

[DieJohnny]

I just heard official news from a trusted source.... tomorrow everyone has agreed NOT to sell their coins, I mean everyone...... this is it

[BlindMayorBitcorn]

... I am kinda of an evangelist, telling every non-comatose living person about BTC ...

Bitcoin Jesus is doing a 2-year stretch, you know that, right? And no, not for money laundering or any of that crap they hung on him.  He was just one annoying assburger, and there are no laws against that, so they framed him.
Be careful is all I'm sayin'.

Huh?

[adamstgBit]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

if we are going to get to 32,000 <2 years you haven't see nothing yet 

[adamstgBit]

3,000$ bitcoin for Xmas?

[adamstgBit]

imagine we wake up to 400$ bitcoin lol 

[monbux]

imagine we wake up to 400$ bitcoin lol 

Very possible by the rate it's going.  The only question now is, when will it start heading the other way?

[DieJohnny]

imagine we wake up to 400$ bitcoin lol 

Very possible by the rate it's going.  The only question now is, when will it start heading the other way?

i am thinking 2017

[gentlemand]

Very possible by the rate it's going.  The only question now is, when will it start heading the other way?

When the universe finally implodes. Or two hours. Or somewhere in the middle.

Maybe.

[!! pop]

... I am kinda of an evangelist, telling every non-comatose living person about BTC ...

Bitcoin Jesus is doing a 2-year stretch, you know that, right? And no, not for money laundering or any of that crap they hung on him.  He was just one annoying assburger, and there are no laws against that, so they framed him.
Be careful is all I'm sayin'.

Huh?

Never got Bitcoin Holy Trinity right. Is it Shrem or Ver Jesus? And who is satoshi? Are they all one?

[adamstgBit]

this could be the start of The never ending bull run of all time and histories to come.

[adamstgBit]

wouldn't be surprised to see the queen buy a billion dollar of bitcoin in 2016



 

[JayJuanGee]

After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes

Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too.

every parabolic rise is followed by a crash. If you want bitcoin to gain real value you want to have a steady slow growth developing.

Currently that's what we have...         

[BlindMayorBitcorn]

... I am kinda of an evangelist, telling every non-comatose living person about BTC ...

Bitcoin Jesus is doing a 2-year stretch, you know that, right? And no, not for money laundering or any of that crap they hung on him.  He was just one annoying assburger, and there are no laws against that, so they framed him.
Be careful is all I'm sayin'.

Huh?

Never got Bitcoin Holy Trinity right. Is it Shrem or Ver Jesus? And who is satoshi? Are they all one?

Jesus was the guy selling firecrackers. Shrem was the guy laundering monies.  

[adamstgBit]

imagine something happens and all of a sudden it's a mad crazy rush into bitcoin, 20 Billion in buys in 2 weeks!!!! BAM 32,0000$ pre bitcoin

it's happening.

[gentlemand]

[monbux]

Very possible by the rate it's going.  The only question now is, when will it start heading the other way?

When the universe finally implodes. Or two hours. Or somewhere in the middle.

Maybe.

Everyone is getting so hyped and positive.  I can't wait to see the reaction of people when bitcoin starts crashing by just a little bit...