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Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21404802 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. (108 posts by 21 users deleted.)
Biodom
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March 20, 2018, 02:28:31 AM
Last edit: March 20, 2018, 02:47:27 AM by Biodom

TL;DR if something (btc ups and downs) occurs 15 times faster than Nasdaq, than it is not the same type of phenomena.

People already posted the idea propagated by MSM that btc is like Nasdaq in 2000, but 15 times faster.
https://www.cnbc.com/2018/03/19/bitcoin-is-unfolding-like-the-dotcom-crash--just-15-times-faster.html

Quote
The Nasdaq in 2000 and modern-day bitcoin both rallied 250 to 280 percent in their most "exuberant" periods ahead of bear markets, Morgan Stanley said in a note to clients.

"Just that the bitcoin rally was around 15 times the speed," Sheena Shah, strategist at Morgan Stanley said.

But here is a somewhat scary thought: if it is 15 times faster, than it is not the same.
15X passenger airplane speed is close to the rocket speed to reach the Earth's orbit.

To me, it is possible to think about this (superfast change) as winds on the approach to Singularity, whatever form it might take.
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March 20, 2018, 02:34:17 AM

TL;DR if something (btc ups and downs) occurs 15 times faster than Nasdaq, than it in not the same type of phenomena.

People already posted the idea propagated by MSM that btc is like Nasdaq in 2000, but 15 times faster.
https://www.cnbc.com/2018/03/19/bitcoin-is-unfolding-like-the-dotcom-crash--just-15-times-faster.html

Quote
The Nasdaq in 2000 and modern-day bitcoin both rallied 250 to 280 percent in their most "exuberant" periods ahead of bear markets, Morgan Stanley said in a note to clients.

"Just that the bitcoin rally was around 15 times the speed," Sheena Shah, strategist at Morgan Stanley said.

But here is a somewhat scary thought: if it is 15 times faster, than it is not the same.
15X passenger airplane speed is close to the rocket speed to reach the Earth orbit.

To me, it is possible to think about this (superfast change) as winds on the approach to Singularity, whatever form it might take.


Could it be that a more unstable, newer market could give off an illusion of a "faster" market? I'm no econologist, but if I had the know-how, I'd probably try to look at tech startups and try to see if I could find something similar. See if bitcoin is truly a faster market rather than a noisier market, you know? Interesting topic... that I'm just completely unqualified to contribute to, heheheh.
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March 20, 2018, 02:43:40 AM

Reasons this cannot be a 2013 style double bubble:

A new run would require an infusion of fresh speculative money. The infrastructure cannot scale up quick enough for this to happen. Coinbase was the #1 app, how is it supposed to go up from there? It used to be wiring money to a shady loser card game exchange, now anyone with a bank account can move money in. Until you can buy it right on the Nasdaq or something it can't get any easier. When 30,000 people know about BTC you can go to 30 million. You can't go from 30 million to 30 billion, even 30% of the population having heard of it to 50% is an enormous step that is almost impossible.

Without fresh money to pay off old holders the price cannot continue to rise. Without the promise of new ATH there is no reason to buy.

No double bubble means the limit here was 11.7, and with that fallen it has probably moved down to 9.7. Tick Tock, when BTC looks down and isn't standing on the ground it has to go someplace solid, $5,500, then when it is getting up and looking around it sees it still didn't fall all the way.

:Wile-e-Coyote:
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March 20, 2018, 02:50:42 AM

bla bla bla

isn't there a 401-Ktalk forum somewhere you could go hang out on?
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March 20, 2018, 02:51:33 AM
Merited by bitebits (1)

Reasons this cannot be a 2013 style double bubble:

A new run would require an infusion of fresh speculative money. The infrastructure cannot scale up quick enough for this to happen. Coinbase was the #1 app, how is it supposed to go up from there? It used to be wiring money to a shady loser card game exchange, now anyone with a bank account can move money in. Until you can buy it right on the Nasdaq or something it can't get any easier. When 30,000 people know about BTC you can go to 30 million. You can't go from 30 million to 30 billion, even 30% of the population having heard of it to 50% is an enormous step that is almost impossible.

Without fresh money to pay off old holders the price cannot continue to rise. Without the promise of new ATH there is no reason to buy.

No double bubble means the limit here was 11.7, and with that fallen it has probably moved down to 9.7. Tick Tock, when BTC looks down and isn't standing on the ground it has to go someplace solid, $5,500, then when it is getting up and looking around it sees it still didn't fall all the way.

:Wile-e-Coyote:

Welcome to Bitcoin!

Have you read the white paper?

Here you go
https://bitcoin.org/bitcoin.pdf

It's a great place to start in your quest to understand Bitcoin.

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March 20, 2018, 02:52:09 AM
Merited by yefi (1)


Fine, you backwater, slack-jawed yokels. Just sit there pompously in your poverty with your unsold electricity. Nobody cares about your town, and it will probably be bulldozed down in a few years to make way for landfill.

 Awwww New York with their bit licence and now this! Plattsburg is already a shitholecountry though maybe not quite as bad as Schenectady and I usually stop there for a bite to eat or to use the facilities when taking the ferry over lake Champlain but now that I see they are hostile to Bitcoin miners, I am going to hodl it until I get into Vermont.  In fact, I might only use their roads to get through New York and not stop at all!  Bastards.


Mining wasn't banned in Plattsburgh.  They will not allow new mining operations to use the subsidized local utility.  Maybe try getting a slight understanding of a topic before freaking out.

 Did you not see the double entendre  - hodl it?  My post was intended as humour and I can't believe you got merit for berating me over it.  As an aside, I love Stewart's Shops!  I hope that communistic city council doesn't ban place a moratorium on new flavours of ice cream or place statutory limits on the number of scoops per cone.  Bastards!


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March 20, 2018, 02:53:46 AM
Merited by Toxic2040 (1)

Without fresh money to pay off old holders the price cannot continue to rise.

That would have been a pyramid scheme, which bitcoin is absolutely not.

Bitcoin roughly follows Metcalf's law:
"The value of a .... network is proportional to the square of the number of connected users of the system (n2)."

Therefore, to increase in value 1000fold, you only need to increase the number of users about 31.6 fold.
I doubt that there are 30 mil active bitcoin users, but even if there are, 900mil out of 7bil is a possibility (eventually).
I think that someone projected $2-5mil btc with about 400mil active users.


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March 20, 2018, 02:54:51 AM
Last edit: March 20, 2018, 03:24:58 AM by pfrtlpfmpf

Are these the actuall Bitcoin prices in the pictures ? i find them rather cheap. Until now i had only numbers in my wallet, but now i have corresponding pictures. thanks.
What´s the catch. The upkeep ?




Time travel if you can swing it.

Honestly have no idea what you are saying. But one thing is for sure: i don´t need no fucking Lambo, thousand other things, but no Lambo.  Smiley

Your username is like cotton in my ears

What i value you for, is: you allways stay polite, thanks ! No Joke, i´m serious.


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March 20, 2018, 02:58:24 AM

I'm only looking at things from a trading perspective. If people think a double top is within reach I would love to know why, if it happens I will be rekt.
Last of the V8s
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March 20, 2018, 03:02:45 AM

I'm only looking at things from a trading perspective. If people think a double top is within reach I would love to know why, if it happens I will be rekt.
Liar. You attack the fundamentals too. Look at your posts.
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March 20, 2018, 03:09:07 AM

There is a limit on how far you can disconnect fundamentals from trading. If someone can make a case for the price rising with inflows slowing down what is it? Once I make it to Jr member I promise to only post in a more enjoyable image-based meme form.
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March 20, 2018, 03:11:19 AM

:Wile-e-Coyote:

Oh! I remember this! You mean like this?

Good morning, gentlemen.  Still at it I see?




That sure looks silly now that we're at $8500, huh?
Last of the V8s
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March 20, 2018, 03:13:38 AM

There is a limit on how far you can disconnect fundamentals from trading. If someone can make a case for the price rising with inflows slowing down what is it? Once I make it to Jr member I promise to only post in a more enjoyable image-based meme form.
Why do you assume inflows will slow? Everyone wants in, you said, you know, the 'shoe-polishers'....

You can buy the license to meme - look for copper membership.

Oh and why do you lie?
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March 20, 2018, 03:18:13 AM

https://twitter.com/SexyPinkMoule/status/975896239630897158 short video
''Other cryptocurrencies are downright scams...like Bcash''-@jhamel's Testimony to the Canadian Standing Committee on Finance FINA

Awesome!
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How much alt coin diversification is needed? 0%?


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March 20, 2018, 03:21:47 AM
Merited by xhomerx10 (1)

[edited out]

 .......... I can't believe you got merit for berating me over it.  ......

We should not be sensitive over the choices of others on the interwebs, right?

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March 20, 2018, 03:29:44 AM
Merited by 600watt (1), Micky25 (1), micgoossens (1), Toxic2040 (1), nanobtc (1)

Not sure if today is historic but I think I may have made the first bitcoin trade in French Polynesia. I'm sure there may have been some sailors at bars showing someone how it works or whichever. But I did a localbitcoin trade and I have kept my eye on the FP market on localbitcoins for the past year and nobody was selling.

I do know that some locals have crypto, I met up with the local blockchain group. But they have to send their money off to a bank account in Europe then send it to Kraken to get their BTC. All with high fees. Well, actually I charge high fees too (because that's what you do when you have a monopoly on a market and can get away with it). I actually welcome competition and a thriving bitcoin community. Maybe my high fee will encourage some local that it is a good way to make money.

French Polynesia has a $5 billion GDP. So...time for the seed to spread and convert that $5 billion into bitcoins for future generations to enjoy.
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March 20, 2018, 03:32:33 AM
Last edit: March 20, 2018, 03:52:17 AM by nanobtc


Goat’s one started all this IIRC, but he didn’t drive it - he just containered it home to Thailand where he could sell it for a quick double

With all due respect, you are mistaken. He drove it to see his brother, about a 2 hour drive. I used to have pics, but I think I lost them in that terrible canoe accident. I tried to get him to come see me play live music near there (a packed blues jam, in a non-town of 50 people), but it was a long and curvy rural blacktop, and the weather/road surface was bad, for that winter.
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March 20, 2018, 04:22:06 AM
Merited by explorer (1)

I don't know why everyone obsesses about governments regulating Bitcoin.


Ever since I figured out it was a good thing I assumed they would eventually try. But I also realized that once you have them they can't do shit about that.

That was a big motivator to get as many as possible while still possible.

The music will stop and those holding fiat will be the ones that lost.
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March 20, 2018, 04:55:13 AM

https://twitter.com/SexyPinkMoule/status/975896239630897158 short video
''Other cryptocurrencies are downright scams...like Bcash''-@jhamel's Testimony to the Canadian Standing Committee on Finance FINA

Awesome!

Looks like it’s official now  Cheesy
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March 20, 2018, 05:55:14 AM

Pagecount has passed ATH.. 11 pages til 20K.
Pages: « 1 ... 19903 19904 19905 19906 19907 19908 19909 19910 19911 19912 19913 19914 19915 19916 19917 19918 19919 19920 19921 19922 19923 19924 19925 19926 19927 19928 19929 19930 19931 19932 19933 19934 19935 19936 19937 19938 19939 19940 19941 19942 19943 19944 19945 19946 19947 19948 19949 19950 19951 19952 [19953] 19954 19955 19956 19957 19958 19959 19960 19961 19962 19963 19964 19965 19966 19967 19968 19969 19970 19971 19972 19973 19974 19975 19976 19977 19978 19979 19980 19981 19982 19983 19984 19985 19986 19987 19988 19989 19990 19991 19992 19993 19994 19995 19996 19997 19998 19999 20000 20001 20002 20003 ... 25260 »
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