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

[DaRude]

insight for the day:

  that actually made me laugh. Not sure where it's from but it's genius 

[JayJuanGee]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...        

[Meuh6879]

Things like BTC don't happen easily in our life.

[Meuh6879]

More target practice for the cynics 

Post your contemptuous comments and derisive dismissals here ! 

Wife of Masters :

https://bitcointalk.org/index.php?topic=1166428.msg13664554#msg13664554

[Elwar]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...        

This calculator is good at showing the many drivers of the bitcoin price (never left alpha stage but still pretty good)

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

[JayJuanGee]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...        

This calculator is good at showing the many drivers of the bitcoin price (never left alpha stage but still pretty good)

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Thanks.  That's an interesting site with some informative particulars.

I find curious a couple of the descriptions.  1) I would have thought that the world-wide black market as a bit larger than .65 trillion dollars, but I don't really have any counter facts beyond my mere thinking and hypothesizing about the topic  and 2) The top section shows the current number of bitcoins mined as nearly 16 million; however, the bottom section seems to show the current number of bitcoins mined as nearing 14 million coins with nearly 1 million lost coins... seems like a glitch in the software/facts, maybe?

[savetherainforest]

insight for the day:

  that actually made me laugh. Not sure where it's from but it's genius  

... sad... poor puppy! ... Smaller blocks... bigger blocks.... Did anyone from the future calculated how things would fit in 50 years in terms of technological advancements or politics... ?? Hmmm??  


*Edit: ... Also I think its pump time..

*Edit2: It seems that China is doing the pumping...

[adamstgBit]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...        

the main driving force behind price is poeple willing to speculate that bitcoin will continue to grow

how can we do that when we KNOW there can only ever be 1MB.

[savetherainforest]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...      

the main driving force behind price is poeple willing to speculate that bitcoin will continue to grow

how can we do that when we KNOW there can only ever be 1MB.

1MB is a good number...   ... The thing is that we already have enough coins... So I would say the right choice would be to try to be anti-productive and go full retarded masochistic..



*Edit: If it was up to me I would keep it at 1MB, 0.768MB or 0.896MB ....

[adamstgBit]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...        

the main driving force behind price is poeple willing to speculate that bitcoin will continue to grow

how can we do that when we KNOW there can only ever be 1MB.

1MB is a good number...  ... The thing is that we already have enough coins... So I would say the right choice would be to try to be anti-productive and go full retarded masochistic..

what if nintendo would have said that?

[adamstgBit]

[adamstgBit]

[savetherainforest]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...      

the main driving force behind price is poeple willing to speculate that bitcoin will continue to grow

how can we do that when we KNOW there can only ever be 1MB.

1MB is a good number...   ... The thing is that we already have enough coins... So I would say the right choice would be to try to be anti-productive and go full retarded masochistic..

what if nintendo would have said that?

Dude... in the short term an increase is maybe a good idea... but in the long term we need to come back to 1MB ... 0.512... etc


*Edit: Maybe I exaggerated with with 0.512 ... but I think 1MB it is pretty good for the next 20-30 years... It gives enough incentive to nodes... And miners need to be persecuted as well a bit..

*Edit2: I also believe that the mass scale use of bitcoin in today's crappy infrastructure development... A solution would be to peg 0.00000001 Satoshi for now to copper coins... and them pegged to silver and maybe go towards gold... but the problem there is the more expensive the metals and more likely to be attempted a counterfeit scheme .. so yeah... I would stick to 1MB and the lower Satoshi numbers to be dealt in some kind of physical money (like copper).

*Edit3: At the actual value... Yeah... to be honest everyone can carry like 10-20$ of copper coins. (especially since it is very devalued right now and it will sky rockets soon... meaning that 10-20$ value of 100grams of copper would rise to lets say 50-100$)

*Edit4: ... I mean... who the f**k is going to counterfeit copper??     ... (and even if someone would try.. the amount of billions of tons they would need for those cheaper metals would still be worth something... at least more than the worthless paper...   )

[adamstgBit]

[Karartma1]

Things like BTC don't happen easily in our life.

Merci beaucoup mon ami.

I'll drink to that if Bitcoin will keep being on of the most robust bugs of this rotten society.

When can all see they are tremendously scared.

By the way, good info in your infographic.

[Andre#]

Long squeeze, manipulation, or...

http://bitcoinist.net/okcoin-blame-bitcoin-price-fall/

[ImI]

Long squeeze, manipulation, or...

http://bitcoinist.net/okcoin-blame-bitcoin-price-fall/

I dont get it. The forced position was a "closed short", that means that a trader was forced to buy BTCs at market price and it fueled the little run up to $628.

But how should that explain the crash down to $600??

[savetherainforest]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...      

This calculator is good at showing the many drivers of the bitcoin price (never left alpha stage but still pretty good)

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

From the link you shared.. I calculated this and...



My prediction for Bitcoin 2028 - 2031:

- near 20 million coins...

- almost 2 millions of them are lost...

- and it will be less and less volatile from a BTCitcoin Hodler's perspective.

[Elwar]

My prediction for Bitcoin 2028 - 2031:

- near 20 million coins...

- almost 2 millions of them are lost...

- and it will be less and less volatile from a BTCitcoin Hodler's perspective.

legit

[JimboToronto]

Good morning Bitcoinland.

Not much change... $608 on Bitcoinaverage.

Sideways is good, to a point.