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

[RejectedBanana]

When I joined, the early adopters were those in 2010 who had already made 1000 times gains. The early adopter status is based on where they are compared to the present, not where they are compared to the future. However, even if you were to make it about the future, that means there would have to be another 1000 times gains from here on into the future for noobs to be early adopters. That would put the target price at $15,000,000, with a market cap of $300 trillion equal to 5 times all of the world's monetary instruments.

You need to revise your definition of a bear. A bear is not someone who predicts anything less than the moon and stars in a jiffy.

Those 2010 early adopters accepted much more risk than the 2013 adopters and beyond.  I doubt very many of them sunk much more than a few hundred or a few grand into it before they made 1000x gains, unless they were already wealthy to begin with, or mining and forced to sell to break even. Order books couldn't hardly support large fiat influxes either.

Whereas from 2013 on, plunking down 10 grand or even a cool $100,000 or a few million like our favorite twins required much less risk albeit less return to achieve a much more pronounced effect. 1000 times gains on $1000 is only $1MM.  100 times gains on 100 thousand? Now we're talkin'.

[jojo69]

Where are these posts with that fkng cool woman, you know which one i mean. she´s soo hot.

FRIDA FRIDA FRIDA FRIDA

What does "FRIDA" mean ? It was your intention, having me to ask ?

By "fking cool woman" I assume you meant Salma Hayek.

Her best known role in the US is her 2002 portrayal of Mexican impressionist painter Frida Kahlo.

[RejectedBanana]

That all looks like a slow controlled rise over 15 to 30 years to me. Not 2 months. Also there is a single up phase and not a staircase.

Are you confusing the staircase price with percent adoption?

[TERA2]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

[404Revolution]

The trick is to not touch it. Which is difficult for some of us here.

Boy Howdy

[HairyMaclairy]

You know what would make my day?  Litecoin overtaking Bcash.

Go Litecoin go.

[bitserve]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Exactly. And early adopter status has nothing to do with entry price.

What IS relevant are things like coinbase app being #1 in the Apple Store or coinbase adding tens of thousands new users every day. That's adoption.

I would even dare to say that adoption rate is currently increasing higher than price is.

[realr0ach]

Can you explain how "just adoption" justifies a price increase of 2000% within a few months? Adoption does not just suddenly jump from horizontal to straight lines and and happen all at once in a 2000% spike. It is more like a smooth logarithmic curve of a few percent per day. So if it jumps too much that means it is overbought by traders.

Que the GATA archives where the (((financial overlords))) talk about how instead of allowing metals to rise in a 45 degree upwards line, they attempt to force the market into periods of stagnation and then vertical cliff rises/falls so it appears to be high volatility to try and scare retail consumers from those markets.

Are all these fast block fast adjusting coins any better?

There's not much of a difference between the two, but like I was saying, I think one reason long difficulty adjustment was used is to try and prevent the bottom dropping out of the price floor overnight.  If the price floor can instantly go from $1000 to $1, people would more easily figure out it's not a good system compared to the price floor of physical metals which generally only goes up.

[pfrtlpfmpf]

Where are these posts with that fkng cool woman, you know which one i mean. she´s soo hot.

FRIDA FRIDA FRIDA FRIDA

What does "FRIDA" mean ? It was your intention, having me to ask ?

By "fking cool woman" I assume you meant Salma Hayek.

Her best known role in the US is her 2002 portrayal of Mexican impressionist painter Frida Kahlo.

No, i mean the other one. Salma Hajek has to big boobs.
I wish, the other poster could chime in here.

[RejectedBanana]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Price is dictated by supply and demand. I remember when cellular phones were super expensive suitcases and then super cheap bricks and now super expensive smart phones.  Price increases have fluctuated by thousands of percent. Ditto for black and white to color to flat screen to OLED 4k TVs and now 4K projectors. Prices fluctuate wildly with new technologies as adoption creeps forward. Supply and demand. But it is not just pure trading speculation. There is bona-fide underlying value. A solution to a problem. A trustless peer-to-peer network of digital currency exchange. A store of value that is not easily manipulated by federal reserves and the like. etc etc. And yes, more than a touch of speculation, justifiable so. This is exciting stuff.

[TERA2]

[ErisDiscordia]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman  

[HairyMaclairy]

url for an image

[realr0ach]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman  

I don't really make a distinction from male feminists and women. Although the opposite is also true, that there is no point in trying to pretend to be tough and manly because that's just something women want you to do as part of some natural selection process to weed out genes they don't want.  If your behavior is shaped entirely by what the opposite sex (women) want, then you're still a cuckold whether you're trying to white knight for them (shitlib stuff) or pretend to be manly (right wing stuff).  There are multiple paths to cuckoldism.  

[TERA2]

[bitserve]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman  

I don't really make a distinction from male feminists and women. Although the opposite is also true, that there is no point in trying to pretend to be tough and manly because that's just something women want you to do as part of some natural selection process to weed out genes they don't want.  If your behavior is shaped entirely by what the opposite sex (women) want, then you're still a cuckold whether you're trying to white knight for them (shitlib stuff) or pretend to be manly (right wing stuff).  There are multiple paths to cuckoldism. 

As you seem to be very well versed in both in Bitcoin and PM's... Any prediction on when the price of one Bitcoin will be equal to 1KG gold bar?

I would say sometime in 2018, but I would like to know a more specific estimate.

[HairyMaclairy]

upload photo to website

[realr0ach]

As you seem to be very well versed in both in Bitcoin and PM's... Any prediction on when the price of one Bitcoin will be equal to 1KG gold bar?

Yea right.  If Roger Ver or Winklevoss attempted to liquidate all their bitcoins and convert it into gold or silver, someone from the BIS would probably drive up in a limo and shoot them in the head.  Bitcoin is already an illiquid/toxic asset for the majority of these big holders.  It would be the ultimate irony though if the jews attempted to create a bitcoin bubble to keep people out of the metals market and then everyone just sold bitcoin for metals.

[ErisDiscordia]

Rant incoming...

Yesterday in the pub BOTH neighboring tables were talking about Bitcoin. It was painful to listen to. At the same time it is fascinating to see how the human mind works when trying to tackle the Bitcoin phenomenon. Most notably, it is uncanny how seemingly all people, even apparently intelligent ones, go through the exact and I mean EXACT same thought processes:

First we learn about Bitcoin and dismiss it as useless. Then we learn about the price action and greed flares up. After a quick calculation on missed profits our ego kicks in and defends us from why we haven't invested: it's a bubble! Yesterday I heard all about tulips in the pub and some English sounding gentleman proudly trotted out his analogy to the South Sea Bubble.

Then comes the first try to understand how and why it works. Failing to do that, we return to counting out the reasons for why it will fail: it isn't backed by anything, governments will ban it, during an internet blackout apocalypse it will be useless, it can be hacked  (all heard yesterday it was like playing BTC noob bingo). Why we would understand the reasons for the failure of a technology we don't understand is beyond me.

Finally the greed gets too big and we want to buy in. But 10K is too much for one Bitcoin! Yes we understand we can buy fractions of a coin, but our ego won't let us. We have to have a whole one! Nevermind there are just 21M to go around. So we start digging around and find altcoins....soooo, hey about that Ethereum or shitcoin xyz? We can afford to buy a whole one of those!

This is when we start pestering that friend who has been in crypto forever with all our greedy questions: should I buy now or should I wait? Will it crash? How much will it crash? Should I buy Litecoin, Zcash, Potcoin, Cardano??? They say that the latest ICO scam or yesterday's private distributed centralized bankster ledger are the new Bitcoin slayers, should I buy those??

Every single pub I've been to recently has Bitcoin talk in it. Taxi drivers, just waiting for my hairdresser...

Perhaps I'm just overdosed on this bullshit but I'm shorting some % of my stack here and if it never revisits these levels I'll just spend that money on something nice. Take that Keynesians and your stupid "paradox of thrift" and muh deflationary currency, nobody will ever spend the economy will crash!! Yes it will crash! And it will be a good and glorious thing, hodlers refusing to spend money on the stupid shit you peddle.

[/rant]

[JayJuanGee]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Dearest Tera Beara  (do you prefer the spelling of "beara" or "bera"?):


Even though I agree with your overall point about price and adoption NOT being the same thing, yet likely you would concede that there may be some delayed correlation between the two - even amongst other factors affecting price, including other networking effects. 

Further, on a nit picky level, I recognize that you are engaging in a hypothetical now, but we have not seen 2,000% in two months for a really long time.. perhaps the last time that happened was in 2013..   2013 had more than 80x overall, and all of 2017 has had around 18x.  Sure 20x in a shorter period of time might be coming, perhaps, but currently, we have about 600% in 4 months.  I am referring to the rise from about $2,600 in mid August to the present $16,000-ish price from yesterday.