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

[adamstgBit]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

Do you know how "unhealthy and violent" 1-2% per day is/would be?

Let's take the square root of 2 for fun as the average: ~1.414%

(1 + ~1.414/100)^365 = ~16,800%

Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.

sounds about right

>32,000$ in <2 years

 

[ChartBuddy]

Coin

Explanation

[BitUsher]

So its current price is entirely speculative.

The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.

[Sitarow]

[blunderer]

-snip-
APPL isn't looking to replace gold's speculative value , bitcoin is, this is 1 small reason why bitcoin has more potential.

the market(s) bitcoin is after is much much bigger than what APPL is after.

99% of the savvy bit-coin investors are looking to replace Bill Gates as the world's richest man. Percentage of them likely to succeed is a somewhat smaller number. Otherwise, solid logic.

[Meuh6879]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

ask and order is NOT like that.
like in industry, you have supply and ... maximum supply.

when order is high, price is high because of the max supply (per day).

nothing is more real than that is his world.
1-2% per day is a wrong idea of the bank brain cleanup.

[BitUsher]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

ask and order is NOT like that.
like in industry, you have supply and ... maximum supply.

when order is high, price is high because of the max supply (per day).

nothing is more real than that is his world.
1-2% per day is a wrong idea of the bank brain cleanup.

I understand market psychology and that these bubbles are unavoidable... I just look forward to more stability in the future when inflation is low and market cap high.

[luigi1111]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

Do you know how "unhealthy and violent" 1-2% per day is/would be?

Let's take the square root of 2 for fun as the average: ~1.414%

(1 + ~1.414/100)^365 = ~16,800%

Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.

sounds about right

>32,000$ in <2 years

 

Where do I sign? 

[peonminer]

1% per day demand is like asking Jared from Subway to cater your meeting with Bill Cosby.

[Sitarow]

[jeezy]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

Do you know how "unhealthy and violent" 1-2% per day is/would be?

Let's take the square root of 2 for fun as the average: ~1.414%

(1 + ~1.414/100)^365 = ~16,800%

Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.

sounds about right

>32,000$ in <2 years

 

Where do I sign? 

Greed is good. Sell your soul today.

[inca]

the dip hasn't even started yet.

I sold for 258, then rebought, then sold again. yes. but I didn't short till 305+. I don't want to be an inca one day. fast longs, and slow shorts. winning strategy for me.

 

The time to be a contrarian isn't in the face of a tidal wave of bullish buying, but at the end of a bear market when noone wants in. My only mistake was buying too few btc when we were at peak 'double digit coins'

[BitUsher]

1% per day demand is like asking Jared from Subway to cater your meeting with Bill Cosby.

Of course 1% a day is unlikely and an insane amount of growth.... I was simply suggesting that would be better for adoption than 10x gains within 1.5 months and violent crashes over and over... the bubbles are indeed unavoidable , especially since inflation is designed to radically decrease in steps and because of market psychology ..

It would be interesting to see in a parallel universe if there was steadier growth with more gradual disinflation as you are only dealing with media feedbackloops and market hysteria.

[Richy_T]

No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

Do you know how "unhealthy and violent" 1-2% per day is/would be?

Let's take the square root of 2 for fun as the average: ~1.414%

(1 + ~1.414/100)^365 = ~16,800%

Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.

Plus pretty soon, everyone would think the constant rise was a sure thing and would be buying in and pushing the price up. It's not a stable solution.

[lemmyK]

beginning of something nervousness. as if the 500 dollar limit any psychological obstacles. or just got tired at the moment.
I warn you that the fall can be so fast that you miss respond

[Richy_T]

So its current price is entirely speculative.

The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.

In a sane system, stock pay dividends and some worth can be assigned to a company based on actual returns.

However, as with so many other things, the government fucked that up and now a company that never returns anything of actual value to its shareholders can go through the roof. This suits the government which needs to find a sinkhole to dump its filthy fiat into.

[ACAB]

beginning of something nervousness. as if the 500 dollar limit any psychological obstacles. or just got tired at the moment.
I warn you that the fall can be so fast that you miss respond

500$ is another resistance but it will pass tonight. just wait for graphics to rest some. We'll move on a couple of hours later.

[Tzupy]

Only minutes left until a triangle should break either way, my money is on down.

It looked like breaking down, but didn't follow, now breaking up...

[jbreher]

Why Bitcoin's Growth is Normal & The S-Curves ... - YouTube
https://www.youtube.com/watch?v=qHUPPYzzZrI

So, ya know how YouTube pushes ads at you, right? And they have some algorithm for which ads get pushed at which people, right? And that the advertisers get to pick the demographics for whom their ads will be pushed, right? In order to maximize return on advertising dollar, right? Due to the targeted audience being a likely purchaser of that product, right?

I clicked through the above link. The ad before the video was a Maserati ad. I've never before in my life seen a video ad for Maserati.

This is more than an omen - it is data mining at its most sophisticated.

Clickthrough from this thread > Bitcoin vid leads to upper-upscale auto ad.

This is gentlemen.

[Dotto]