Bitcoin Forum
February 22, 2020, 05:30:45 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

Pages: « 1 ... 17009 17010 17011 17012 17013 17014 17015 17016 17017 17018 17019 17020 17021 17022 17023 17024 17025 17026 17027 17028 17029 17030 17031 17032 17033 17034 17035 17036 17037 17038 17039 17040 17041 17042 17043 17044 17045 17046 17047 17048 17049 17050 17051 17052 17053 17054 17055 17056 17057 17058 [17059] 17060 17061 17062 17063 17064 17065 17066 17067 17068 17069 17070 17071 17072 17073 17074 17075 17076 17077 17078 17079 17080 17081 17082 17083 17084 17085 17086 17087 17088 17089 17090 17091 17092 17093 17094 17095 17096 17097 17098 17099 17100 17101 17102 17103 17104 17105 17106 17107 17108 17109 ... 26096 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21532044 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
citizenh-ssd
Full Member
***
Offline Offline

Activity: 207
Merit: 100



View Profile
June 09, 2017, 07:50:34 PM

I can definitely recommend watching the whole video. Actually, the whole Bitcoin 101 Blackboard Series by James D’Angelo:
https://www.youtube.com/playlist?list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q (A beginner's guide to all things bitcoin)

Indeed. When people ask me about Bitcoin it's the first place I send them.

A few years ago I sent people Christmas cards with $5 worth of Bitcoin (smallest amount you could buy at an ATM) enclosed in a paper wallet.

I included three internet links... Satoshi's white paper, the Bitcoin 101 Blackboard Series, and BitcoinTalk.

It may be old now but it still remains valid.
Probably all the same it is necessary to choose bitcointalk, on this resource it is possible to pick up more information about кpиптoвaлютe And in particular about Bitcoin. I myself scooped up the information here and learned the minimum knowledge that I own.
1582392645
Hero Member
*
Offline Offline

Posts: 1582392645

View Profile Personal Message (Offline)

Ignore
1582392645
Reply with quote  #2

1582392645
Report to moderator
1582392645
Hero Member
*
Offline Offline

Posts: 1582392645

View Profile Personal Message (Offline)

Ignore
1582392645
Reply with quote  #2

1582392645
Report to moderator
100% First Deposit Bonus Instant Withdrawals Best Odds 10+ Sports Since 2014 No KYC Asked Play Now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
JayJuanGee
Legendary
*
Online Online

Activity: 2170
Merit: 2435


How much alt coin diversification is needed? 0%?


View Profile
June 09, 2017, 07:57:18 PM

I could use some of dat parabolic movement in BTC




Bro, I've been in BTC longer than that chart... if it was truly parabolic my $50K investment in bitcoin wouldve made me a millionaire, not a lame thousand-air

This is slow steady growth, which I'm not complain about at all, I love it actually. But people are claiming that we are due for a huge crash... I mean what?? We haven't even had much fun yet! At least give me dat parabolic move BEFORE we crash and do a 50% retrace


Give me at least $5K/btc

Trust me, it will get there. I wager we will see a $5K floor, yes floor, by the end of 2020. Supported by miners and by true long holders. Bitcoin will be seen as the only sensible crypto and the true value play. The price of bitcoin will of course continue to increase into the future, but likely more slowly over time. I guess we shall see. 99.99% people have yet to even buy some.

All the other shitcoins are supported by nothing but the pumpers and FOMO hype. When all that changes, and it will someday, the ICO market will get fully labeled as 'SCAM MARKET' and the sensible people will never return there again. They can only pull off the mega scam once.

I agree, that's why I'm holding Smiley


Even though you assert that you are not complaining, you sure come off as such.

Gosh, maybe your average price per bitcoin is in the $300 area?

That would be $50k x $300 - about 166BTC, which would be about $466k.

It just seems a bit outrageous complaining that such price appreciation is not enough for you, while at the same time you are saying that you are content, but you just want more, and you are comparing your situation to alts and what you could have done, blah blah blah...

It seems to me that the relative security of bitcoin comes at a cost -that it is less volatile than almost all of the other alts, which yeah means less upside volatility...

But, what the fuck, bitcoin still remains amazingly volatile, and there are very few assets that can compare with it, especially if you zoom out over 8 years - Holy fucking shit!!!!!

O.k. sure it is possible that one or more of the alts may displace bitcoin, but I am not prepared to take that bet, even though there continues to be all kinds of hype in the alt coin community, especially about Ethereum.  On the other hand, it is surely quite possible that the alts, including ETH could continue to be pumped into the stratesphere in the coming 6 months or longer, and if you believe in such a play, then maybe you should put some money into that.  Again, I am not prepared personally to make such a bet, and I am o.k. with living with the consequences that bitcoin may perform a lot less than a number of alts.

BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1107



View Profile
June 09, 2017, 08:31:38 PM

I too have felt the sting of unrequited alt profits. Alas, they were not to be. But it still feels bad, man.
JimboToronto
Legendary
*
Offline Offline

Activity: 2464
Merit: 1424


You're never too old to be young.


View Profile
June 09, 2017, 08:42:36 PM

Parabolic != Exponential

Indeed. And logarithmic is the inverse of exponential, not parabolic. My bad for comparing parabolic growth to a log chart.

The chart I posted of Bitstamp's prices since 2015 is indeed exponential, just like compound interest.
Dabs
Legendary
*
Offline Offline

Activity: 2604
Merit: 1388


The Concierge of Crypto


View Profile
June 09, 2017, 09:08:16 PM

Trust me, it will get there. I wager we will see a $5K floor, yes floor, by the end of 2020. Supported by miners and by true long holders. Bitcoin will be seen as the only sensible crypto and the true value play. The price of bitcoin will of course continue to increase into the future, but likely more slowly over time. I guess we shall see. 99.99% people have yet to even buy some.

All the other shitcoins are supported by nothing but the pumpers and FOMO hype. When all that changes, and it will someday, the ICO market will get fully labeled as 'SCAM MARKET' and the sensible people will never return there again. They can only pull off the mega scam once.

The supply of bitcoin by the end of 2020 will be at least 18 million BTC. That's 87.5%. The year after that is another block reward halving to 6.25 BTC per block. The year or two after that, another train or rocketship or moon or mars or whatever.

2030 is a much nicer year to forecast, it's in the middle of a block reward cycle and we will have 99% of all bitcoins, so ... bitcoins won't increase at that point (yeah, 1% over the next hundred years) but users will ....

ICO market is going to stick around at least another 2 or 3 years. Fortunes will be made (both by the founders as well as normal participants.) If not ICOs, then the "normal" altcoins that come about just by mining them, airdrops, country coins, business coins, and private coins.

The thing you forget about "sensible people" is that there are "non-sensible" people born every minute, or come into this space. I argue that my estimate of 2 to 3 years is conservative and as long as there are people, as long as they think "so, there's a chance" ... ICOs or some variation of them will continue to exist.
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1107



View Profile
June 09, 2017, 10:47:33 PM

This is what the initial run-up for Bitcoin must have felt like. http://hypecoaster.com
Torque
Legendary
*
Offline Offline

Activity: 2044
Merit: 1529



View Profile
June 09, 2017, 11:14:50 PM
Last edit: June 10, 2017, 12:13:16 AM by Torque

The thing you forget about "sensible people" is that there are "non-sensible" people born every minute, or come into this space. I argue that my estimate of 2 to 3 years is conservative and as long as there are people, as long as they think "so, there's a chance" ... ICOs or some variation of them will continue to exist.

That may be true that some variation of the ICO market will stick around indefinitely. But there are only so many times that you can continue to say things like "ETH is Bitcoin 2.0!"
"Oh no wait, not ETH, now it will be XXcoin that is the next Bitcoin 2.0!"
"Oh no wait, it's not XXcoin, it's going to be XYcoin that is the next Bitcoin 2.0!"
"Oh no wait, not that XYcoin stuff, it's YYcoin that is the next Bitcoin 2.0!"
... and on and on...

After a while, people will start to see the ever revolving door of the perpetual scam that is "This is the next Bitcoin! Trust me!"
Richy_T
Legendary
*
Offline Offline

Activity: 1358
Merit: 1003


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
June 09, 2017, 11:15:59 PM


Parabolic != Exponential

And exponential always beats polynomial (parabolic) in the long run. (Though it can't be pure parabolic growth forever)
Eric Cartman
Hero Member
*****
Offline Offline

Activity: 744
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 09, 2017, 11:22:26 PM

Bro, I've been in BTC longer than that chart... if it was truly parabolic my $50K investment in bitcoin wouldve made me a millionaire, not a lame thousand-air

This is slow steady growth, which I'm not complain about at all, I love it actually. But people are claiming that we are due for a huge crash... I mean what?? We haven't even had much fun yet! At least give me dat parabolic move BEFORE we crash and do a 50% retrace

I've only been into Bitcoin since it had just finally broken out of single digits for good but if you look back to when it was worth less than a penny per coin you'll see that its growth has indeed been and still is parabolic. To really see it, look at the log chart for the last 7 years.

Sure, there was that anomaly back in 2014-5  when it dipped below the ascending line. Look at the log chart before or after that anomaly and you'll see they're both rising at a parabolic rate. That'd why I chose a chart starting in summer of 2015.

If you'd bought in 2012 or early 2013, your $50k investment would have already made you a multi-millionaire.
Parabolic != Exponential

Exponential can be approximated as a parabolic series for low intervals with high precision. Remember Bitcoin is new and the grow can't be exponential or parabolic forever
Last of the V8s
Legendary
*
Offline Offline

Activity: 1386
Merit: 2943


Be a bank


View Profile
June 09, 2017, 11:30:29 PM

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?
Eric Cartman
Hero Member
*****
Offline Offline

Activity: 744
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 09, 2017, 11:44:35 PM

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?

not if they decide to sell the coins and wait things to settle instad
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1107



View Profile
June 09, 2017, 11:47:35 PM

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?

not if they decide to sell the coins and wait things to settle instad

They never tell us anything. Angry
Last of the V8s
Legendary
*
Offline Offline

Activity: 1386
Merit: 2943


Be a bank


View Profile
June 09, 2017, 11:55:10 PM

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?

not if they decide to sell the coins and wait things to settle instad

They never tell us anything. Angry
It's just rude
Torque
Legendary
*
Offline Offline

Activity: 2044
Merit: 1529



View Profile
June 10, 2017, 12:14:58 AM
Last edit: June 10, 2017, 12:29:06 AM by Torque

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?

not if they decide to sell the coins and wait things to settle instad

They never tell us anything. Angry
It's just rude
To what are you guys referring?
MichaelX
Newbie
*
Offline Offline

Activity: 26
Merit: 23


View Profile
June 10, 2017, 12:17:08 AM

After a while, people will start to see the ever revolving door of the perpetual scam that is "This is the next Bitcoin! Trust me!"
You severely underestimate the ... sensibilities of people. Even if only 1% of the world will fall prey, that's still 75 million of them out there.

If a million of them get smart every year, we are looking at 20 block reward halvings before the population of unsensible people are depleted.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1386
Merit: 2943


Be a bank


View Profile
June 10, 2017, 12:38:13 AM

wait what? all coins, except for the brave and the stupid, should come off the exchanges on 31st July?
that's bullish, right?

not if they decide to sell the coins and wait things to settle instad

They never tell us anything. Angry
It's just rude
To what are you guys referring?
was trying to drag up reasons to be bullish - the threat of a fork on Aug 1. Eric pointed out a major flaw in my thesis. The Mayor kind of kindly commiserated that you can't predict what people will do and hinted it might be a conspiracy - all in a few short words. I tried to bluff it out. I'll get my coat
deepcolderwallet
Full Member
***
Offline Offline

Activity: 294
Merit: 103



View Profile
June 10, 2017, 12:52:11 AM


My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

What do you call a sign of bad things?
deepcolderwallet
Full Member
***
Offline Offline

Activity: 294
Merit: 103



View Profile
June 10, 2017, 12:53:15 AM

The likelihood of a worldwide apocalyptic event is staggeringly small. What could possibly happen to make every nation in the world including small islands in the Pacific to lose power, food, water, energy, etc?

A shtf event is more likely to hit one country ala Venezuela right now where Bitcoin is very useful. Or even a world war would leave small pockets of untouched nations that would welcome you and your bitcoins (your gold as well).

My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.



You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers! Smiley




sauce?
Meuh6879
Legendary
*
Offline Offline

Activity: 1512
Merit: 1009



View Profile
June 10, 2017, 01:05:23 AM

nope ...

deepcolderwallet
Full Member
***
Offline Offline

Activity: 294
Merit: 103



View Profile
June 10, 2017, 01:15:49 AM

Haha, litecoin's hashrate about to take a mega dive. What a shock.

sauce?
Pages: « 1 ... 17009 17010 17011 17012 17013 17014 17015 17016 17017 17018 17019 17020 17021 17022 17023 17024 17025 17026 17027 17028 17029 17030 17031 17032 17033 17034 17035 17036 17037 17038 17039 17040 17041 17042 17043 17044 17045 17046 17047 17048 17049 17050 17051 17052 17053 17054 17055 17056 17057 17058 [17059] 17060 17061 17062 17063 17064 17065 17066 17067 17068 17069 17070 17071 17072 17073 17074 17075 17076 17077 17078 17079 17080 17081 17082 17083 17084 17085 17086 17087 17088 17089 17090 17091 17092 17093 17094 17095 17096 17097 17098 17099 17100 17101 17102 17103 17104 17105 17106 17107 17108 17109 ... 26096 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!