Coinseeker
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May 28, 2013, 11:05:04 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.
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BitPirate
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May 28, 2013, 11:06:36 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
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Coinseeker
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May 28, 2013, 11:10:14 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you. Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
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BitPirate
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May 28, 2013, 11:12:32 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you. Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me. You misunderstand me. I mean the total number of YOU in supply is low! :p
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Rampion
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May 28, 2013, 11:15:43 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you. Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me. Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.
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Coinseeker
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May 28, 2013, 11:16:07 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you. Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me. You misunderstand me. I mean the total number of YOU in supply is low! :p LOL... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) There's more of me than there are Bitcoins, so yet another fail....but funny. I'll give you that. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Coinseeker
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May 28, 2013, 11:18:28 PM |
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If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January. Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do. There are only 21 millions, did you know? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you. Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me. Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency. Unfortunately, Bitcoin is not a currency. It's a commodity. If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency. Bitcoin is far more like gold as a store of value, but not nearly as safe.
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mb300sd
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Drunk Posts
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May 28, 2013, 11:25:03 PM |
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Is btccharts broken for anyone else? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6bnfInZ.png&t=665&c=2nSaia6VpQHlgA)
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Dargumin
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May 28, 2013, 11:32:03 PM |
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Unfortunately, Bitcoin is not a currency. It's a commodity. If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency. Bitcoin is far more like gold as a store of value, but not nearly as safe.
Agreed. Bitcoin needs to be the crypto-commodity the crypto-currency running alongside it would have its transactions confirmed much faster with built in deflation too. Like a faster version of Freicoin for example.
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Richy_T
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May 28, 2013, 11:49:54 PM |
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governments have already come out and said bitcoin was ok
Something else the US government said: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fthenewamericanspirit.com%2Fimages%2Frights%2FBill-of-Rights-front-aged.jpg&t=665&c=M3aHFji5ujkIVQ)
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 29, 2013, 12:05:14 AM |
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MAbtc
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May 29, 2013, 12:05:40 AM |
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Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.
Yeah, and perhaps onecoin truly is the most expensive coin ever. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Scarcity principle doesn't apply without the proper demand.
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ChartBuddy
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May 29, 2013, 01:02:18 AM |
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kentrolla
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May 29, 2013, 01:14:05 AM |
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up from here
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Abandon
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May 29, 2013, 01:21:19 AM |
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A little bit of random speculation? everytime we touched this resistance we moved up ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg15.hostingpics.net%2Fpics%2F443408oCapturedu20130529013957.png&t=665&c=QNZ8pfcVI7KT-w) This is interesting! Thanks for showing us this indicator.
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ChartBuddy
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May 29, 2013, 02:02:28 AM |
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giszmo
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May 29, 2013, 02:03:23 AM |
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A little bit of random speculation? everytime we touched this resistance we moved up ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg15.hostingpics.net%2Fpics%2F443408oCapturedu20130529013957.png&t=665&c=QNZ8pfcVI7KT-w) This is interesting! Thanks for showing us this indicator. Bullshit. Here is the graph: http://bitcoincharts.com/charts/mtgoxUSD#rg90zig12-hourztgSzm1g10zm2g25zxzi1gOBVzvzcvStart playing. For me the OBV does not look bullish at all but maybe it would help to know more about it than just gut feeling about a rising chart.
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Abandon
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May 29, 2013, 02:46:59 AM |
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It did break through the support once, but it is mostly reliable, so I think it does have some meaning.
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notme
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May 29, 2013, 03:00:12 AM |
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It did break through the support once, but it is mostly reliable, so I think it does have some meaning. The only meaning it has is that a medium term bull trend has been broken if it breaks.
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