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

[dserrano5]

I don't think we will see ATHs until 2014.

  ... wait a few weeks 

Yes, 9 weeks to be precise .

[Zangelbert Bingledack]

I don't think we will see ATHs until 2014.

  ... wait a few weeks 

Waiting is my main BTC strategy. Got that covered.

It's a good strategy.

[wachtwoord]

I don't think we will see ATHs until 2014.

  ... wait a few weeks 

Yes, 9 weeks to be precise .

No forever is the longest time.

"Our favorite holding period is forever." - Warren Buffett

[Zangelbert Bingledack]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

It is all probabilities ofcourse, but I don't see anymore, how sales would overwhelm buys.

The story might be a final push for many who have just waited over the months and years.

Btw. the most interesting part IMO was that despite a million percent gain, he only sold 20%. With the remaining 4000 bitcoins he is among the top 200 worldwide and why not - Norway is one of the remaining independent countries. Even the taxman was curious to make the regulations conform to bitcoin and not the other way round.

So many people say, "I made a few hundred dollars then sold 'em." It's just impatience, otherwise they would keep some. When they get into fiat mode all they can think is, "My precious moneyses..." and maybe thinking about what they could buy with that extra few hundred or few thousand, they say, "I got FREE MONEY and you're all just playing around with virtual tokens! So long suckers!!" and sell every last satoshi.

I was thinking also, instead of talking about wealth in terms of bitcoins, we could talk about it in terms of percent of the total Bitcoin economy, like 4000BTC is about 4000/12000000 = 0.03% of the Bitcoin economy, or maybe something like 0.03% of all purchasing power in the Bitcoin ecosystem. Of course there are lost coins and hoarding that effectively make this quite a bit higher, but still it's an objective measure: it's what percentage of the outstanding bitcoins you own.

For example, if the Winklevii own 1% of all BTC outstanding and Bitcoin takes over the world, their holdings would (if they held them all) command no less than 0.5% of all the purchasing power in the world (even based on 20 million coins outstanding by then), and probably more like several percent. Outlandish wealth.

[hlynur]

I don't think we will see ATHs until 2014.

 ... wait a few weeks  

Waiting is my main BTC strategy. Got that covered.

It's a good strategy.

+1


although it's quite hard atm to sit with fresh fiat at the sideline while watching value slowly climb up
my brain says no because i got burned hard in april buying at this level (well not from today's perspective  )
on the other side my coin addiction tells me not to miss the train to ATH.

...wait or not to wait...that's the question

please somebody give me a "BUYBUYBUY" to release this tension.  

[only]

my brain says no because i got burned hard in april buying at this level

You can't possibly get burned buying Bitcoin at any level, can you?

[ChartBuddy]

[hlynur]

my brain says no because i got burned hard in april buying at this level

You can't possibly get burned buying Bitcoin at any level, can you?

lol, while writing i realized how my impression of being burned came up only because of panicselling at a loss at that time,
and is obsolete now from current perspective  

i just don't want to have a dejavu in some months asking myself why i bought at the top again.

[barbs]

820 buy followed by an immediate 121 sale haha

Bitcoin does what it wants

[ChartBuddy]

[DougTanner]

Bitstamp leading the charge this morning. Gox has green volume as well.

Also, HHHHHHHHYYYYYYYYYYYYYYYYYYYYPPPPPPPPPPEEEEEEEEEEEEE.

[ChartBuddy]

[Richy_T]

When the FBI sells, that should be a nice bit of publicity for Bitcoin. Potentially bullish.

If it goes to auction, as I believe, I would think the top bidder would likely be someone who sees the potential of Bitcoin so they are more likely to hold than dump.

Last time I checked, DPR wasn't convicted of anything in a court of law. The BTC being held are still his.

Then again, due process doesn't matter much in the land of the free. When I cross the border, they don't ask me if I've ever been convicted of a crime. They ask if I've ever been arrested.

The legal system has to presume innocence. To the rest of us, this seems pretty clear-cut. Of course, there's always the off-chance he'll get off.

[wachtwoord]

The legal system has to presume innocence.

And yet it doesn't. Ever.

[adamstgBit]

rpietila says he has 10K coins, i guess he really did sell some silver spoons!  

https://bitcointalk.org/index.php?topic=321265.0

cool thread rpietila, thanks!

[adamstgBit]

I'm selling cheap xrp anyone interested ?

yes, i;ll buy the bag for the right price 

[Zangelbert Bingledack]

"If it doesn't go to zero, I think Bitcoin could be worth upwards of $500,000 to $1 million a coin."
-Former Facebook Vice President Chamath Palihapitiya, who owns about 0.25% of all bitcoins outstanding (~25,000BTC)

Chamath means business.

[rpietila]

"I think Bitcoin could be worth upwards of $500,000 to $1 million a coin." -Former Facebook Vice President Chamath Palihapitiya

Chamath means business.

He has more coins and his coins are more valuable than mine 

[NewLiberty]

"I think Bitcoin could be worth upwards of $500,000 to $1 million a coin." -Former Facebook Vice President Chamath Palihapitiya

Chamath means business.

He has more coins and his coins are more valuable than mine 

Or his dollars are worth less.

[Zangelbert Bingledack]

Look at this feeding frenzy: http://www.reddit.com/r/Bitcoin/

The thing I viscerally feel differently from earlier this year is that it's literally impossible to keep up with the news. There are what would be uber-bullish stories and videos in spring, now being passed by without comment. Simply because there's too much happening. It's dizzying.