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

[billyjoeallen]

There are only 14 million BTC out there, so if there were 15 million bitcoiners the average bitcoiner would have less than 1 BTC.  Since the distribution is highly skewed, most of those "bitcoiners" would have to own only 0.01 BTC or less.

There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million.  Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.

Wences is one of the worst snake bit-oil peddlers out there.  By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.

Stolfi, you know damn well what you're typing IS snake oil.  Off-chain transactions (i.e. exchanges and other such services) probably make up a far higher percent of volume than on-chain transactions.  Nothing about Bitcoin being a preservation of wealth tool requires you to mindlessly send it back and forth to yourself all day long.  Bitcoin's current state lends itself to functioning best as a checkbook type device you use to occasionally buy large value items like cars and houses.

Wrong.

https://www.coinbase.com/charts

[404err0r]

https://i.imgur.com/bKK7f6x.gif

Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.

Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.

Can't do much

Same here man.

[fonsie]

Wences is one of the worst snake bit-oil peddlers out there.

He might be selling snake oil, but you're the manufacturer of snake oil.

[BitUsher]

Wrong.

https://www.coinbase.com/charts

That's just coinbase off the chain though.... what about all the other exchanges, "banks" and services like changetip?

[spooderman]

RIP sleep

[Richy_T]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

What? No. It's because there aren't enough unstable nuclei around to maintain critical mass.

[ChartBuddy]

Coin

Explanation

[adamstgBit]

32,000$ in <2years doesn't sound so crazy today now does it. 

[billyjoeallen]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

What? No. It's because there aren't enough unstable nuclei around to maintain critical mass.

You mean like unstable people paying $500 for something they could have gotten last week for $250?

[peonminer]

This is PURGE #4 coming to a close. . . .




They reprogrammed the Willy.

[SnokkomBTC]

32,000$ in <2years doesn't sound so crazy today now does it. 

true We want a new poll Adam

[Sitarow]

[Mirsad]

Glad I sold 70% of my newly purchased (215$) bitcoins. Profit lock-in is so great.
Let's wait for the next swing.

Time to acquire more BTC and get even more dirty fiat profits. Staying full in BTC is moronic.

[conspirosphere.tk]

Since 2009 the winning strategy has been to just buy and HODL, while wanking behind the curtains.
See ya at 50K/BTC.

Go ahead, party... You think you've already won, but you haven't

http://i160.photobucket.com/albums/t166/Sharkfreak06/ahp-711-2.jpg

Get back is gonna be sweet...

[adamstgBit]

Glad I sold 70% of my newly purchased (215$) bitcoins. Profit lock-in is so great.
Let's wait for the next swing.

Time to acquire more BTC and get even more dirty fiat profits. Staying full in BTC is moronic.

sell high  buy higher

good plan

[JorgeStolfi]

Wences is one of the worst snake bit-oil peddlers out there.  By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.

https://www.youtube.com/watch?v=tY1N26TZFAI

That's not true, he said there is a change (20%) that bitcoin will collapse

Many will understand that as "an 80% change of it getting to 1,000,000 $/BTC".  And he knows that.

There is simply no rational way to pick probabilities of future prices.  Is it possible that BTC will reach that price? Sure. Is it possible that Litecoin will do that instead? Sure, that is possible too.  Is ist possible that AAPL or WMT shares will do it? Possible, yes, sure.  Even the Venezuelan bolivar and the Somalian shilling could be worth that much one day. So?

[yolalanda]

Wences is one of the worst snake bit-oil peddlers out there.

He might be selling snake oil, but you're the manufacturer of snake oil.

I like you. I'll save you for dessert

http://youthvoices.net/sites/default/files/image/26021/nov/image.jpg

[adamstgBit]

Wences is one of the worst snake bit-oil peddlers out there.  By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.

https://www.youtube.com/watch?v=tY1N26TZFAI

That's not true, he said there is a change (20%) that bitcoin will collapse

Many will understand that as "an 80% change of it getting to 1,000,000 $/BTC".  And he knows that.

There is simply no rational way to pick probabilities of future prices.  Is it possible that BTC will reach that price? Sure. Is it possible that Litecoin will do that instead? Sure, that is possible too.  Is ist possible that AAPL or WMT shares will do it? Possible, yes, sure.  Even the Venezuelan bolivar and the Somalian shilling could be worth that much one day. So?

no no no AAPL or WMT do not have the same potential as bitcoin.

[inca]

Go ahead, party... You think you've already won, but you haven't



Get back is gonna be sweet...

Pathetic. Hopefully no one listened to you in the last year.

Thankfully the price continues to march higher.

Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow?

[peonminer]

The corrections are growing stronger, faster, more agile.