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

[elux]

As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target

Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.

http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-

[philip2000uk]

Incoming apple bottom...

I can watch this all night long 

I didn't see the hoola hoop the first 3 times 

[wachtwoord]

Incoming apple bottom...

I can watch this all night long 

I didn't see the hoola hoop the first 3 times 

Hey there's a hoola hoop! Neat!

[freethink2013]

so gox 322, bitstamp 300+ and china 5 hours from waking up to CHEAP COINS!

[dserrano5]

I didn't see the hoola hoop the first 3 times 

Hey there's a hoola hoop! Neat!

WTF you talking about??

[strawbs]

If I wasn't already all in, I would go all in  Expecting to see demand tomorrow once bank transfers land in exchanges following the weekend.  Btw, did we establish that tomorrow is definitely a bank holiday in USA?  Or just Poland?

[freethink2013]

If I wasn't already all in, I would go all in   Expecting to see demand tomorrow once bank transfers land in exchanges following the weekend.  Btw, did we establish that tomorrow is definitely a bank holiday in USA?  Or just Poland?

deffo a bank holiday in the usa https://en.wikipedia.org/wiki/Veterans_Day

[Wekkel]

Did I jus see a potential BTC valuation of $165k?

[freethink2013]

boom! china hits 2000 again!

[jojo69]

hula hoop?

[ChartBuddy]

[DougTanner]

So that was most likely a double bottom. I would expect a slow/jerky rise today, then back on track Monday.

[gambitv]

As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target

Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.

http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-

http://www.youtube.com/watch?v=l91ISfcuzDw

[wachtwoord]

As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target

Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.

http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-

For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.

[Ivanhoe]

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

[wachtwoord]

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

Ask her if she has a hoola hoop with her!

[hlynur]

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

now to demonstrate this impression at a higher level  
http://www.youtube.com/watch?v=3NFWgG4_6NI

wait for the drunk guy at 2:50

[Ivanhoe]

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

Ask her if she has a hoola hoop with her!

Trust me, you don't want to see her with a hoola hoop. Although maybe you will never sleep again thanks to that, so then you can follow the markets instead.

[BarkinTree]

.....so should i be buying? i sold some last night and hit one of my buy targets on the way down. not sure if i should keep holding dollars or get back all in... decisions, decisions..... 

[freethink2013]

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

could be worse, she could think you have something to do with bitcoin! Imagine the shame of that!