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

[mestar]

I’m a harder bull than many in this thread.  I have a 5 year price forecast of US$150 - 500k.  The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument.  In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion.  Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors.   So I put the market cap at $2 trillion to $5 trillion after 5 years.  This is without any disruption of the existing market system - ie the value of the US dollar remains much the same.  I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.

I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan.  Looking for black swans is a bit of a hobby.

In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.

Are you aware of the feedback loop that exists between bitcoin price and how much it spends on electricity?

[Lopumbo]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

Not only that, even Blockstream Core developers advocate to use LTC or Dash for transactions, its hilarious
Bitcoins best days are over, currently average joe is jumping on the wagon (not understanding anything of its limitations) so i'll expect a max 2x increase by 2018

[savetherainforest]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Nice!!! A tab... ... Cheers to that!!! Good man!!

Let it be!!! Make it SnOw!!! Let is SnOw !!!


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

[HairyMaclairy]

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

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I don’t intend to debate you while you play dumb. If you want to be a Bcash bag holder, I will happily take your money like I did from the S2X kids.

[Rosewater Foundation]

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

I don’t intend to debate you while you play dumb. If you want to be a Bcash bag holder, I will happily take your money like I did from the S2X kids.

+1

[JayJuanGee]

Just looked into ZeroHedge. It's trash.
http://www.zerohedge.com/news/2017-12-01/signs-market-top-pole-dancing-instructor-now-bitcoin-guru

How is it trash?  The article mirrors the majority of people in this thread perfectly.  People like Jimbo and Jay Juan Gee don't have the comprehension or even care if bitcoin is decentralized or not, they just buy them anyway and pray their get rich quick scheme dice roll works.

Likely both Jimbo and Jay Juan Gee (Hey that's me?  go figure!!!) are already really fucking rich beyond expectations, even if bitcoin were to suffer from a 80% correction... which is also NOT too likely at this particular point.

furthermore, likely both Jimbo and Jay Juan Gee (that name is beginning to sound familiar) sufficiently understand various fundamentals of bitcoin as compared to a large number of other cryptos in order to distinguish bitcoin from the other cryptos, whether that is decentralization and/or other bitcoin distinguishing features, related to various networking effects.

Even though there is likely variation in the level of bullishness or bearishness of various WO readers, I doubt we can lump a large majority of WO participants in one category - and even was a bit of a stretch to attempt to describe some similarity between two folks, one of whom I have a decent amount of familiarity.

[xhomerx10]

Try to ignore him Jay.

[Phil_S]

How much is that Rolex?  

[savetherainforest]

How much is that Rolex?  

U'r like that kid that has seen a post card with a ranch and wants to buy the cow.

[Rosewater Foundation]

Swag rag that hocks Rolex on the front page. Brits are such sophisticates.

[savetherainforest]

Swag rag that hocks Rolex on the front page. Brits are such sophisticates.

You do know that those adds are targeted!!! Right?? ...  and he probably watched some other website or from his browser search history.

[Rosewater Foundation]

Swag rag that hocks Rolex on the front page. Brits are such sophisticates.

You do know that those adds are targeted!!! Right?? ...  and he probably watched some other website or from his browser search history.

Newspaper. You twonk.

[savetherainforest]

Looks like doge wants to break out.

I would invest in "TrollCoin" ...

It would be the best investment of my life.


*edit(0):  damn... I didn't knew it already existed. Nvm... I don't know anything about it.

[Last of the V8s]

smellygraph owned by chinks - adverts for cheapo rubbish - sorry Keira

[HairyMaclairy]

Nice IOTA pump - 50%

Meanwhile Bitconnect #16 on market cap.   They are going to have to do another “recount” of their circulating supply.

[Phil_S]

Swag rag that hocks Rolex on the front page. Brits are such sophisticates.

It used to be worse!

https://twitter.com/DigiVictorian/status/934545731599372295

[mymenace]

Looks like doge wants to break out.

I would invest in "TrollCoin" ...

It would be the best investment of my life.


*edit(0):  damn... I didn't knew it already existed. Nvm... I don't know anything about it.

http://trollcoinbase.com/

[BitcoinBunny]

Well I don't care how it looks, if BTC hits 100.000 I'm buying a Rolex Submariner as a little HODL reward.
This one's already less than 1 BTC anyway.

[HairyMaclairy]

Only 920 days to the halvening

[gembitz]

siacoin dubai pizza deal + smaller bitcoin blocks!! :-D amazing @ 100 satoshi!!! ===>

https://poloniex.com/exchange#btc_sc