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

[niothor]

It looks like the next jump in difficulty will be HUUUUGE!
Some 800 mil!!!  

fuck

Hashslow has failed to deliver , who might be the culprit?  Cointerra?
I don't see the difficulty jump affecting the price anyway. At least not now.

[JorgeStolfi]

looking this picture, still having questions???

Yes.  Question 1: Why stop at 2017?



Question 2: What will I be able to buy with 10,000,000,000,000,000 dollars in 2024?

 

[niothor]

looking this picture, still having questions???

Yes.  Question 1: Why stop at 2017?



Question 2: What will I be able to buy with 10,000,000,000,000,000 dollars in 2024?

 

1) Everyone knows that the end of the world will come in 2017
2) See above
2a) The end of the dollar will come before the end of the world.

[ChartBuddy]

Explanation

[solex]

looking this picture, still having questions???

Yes.  Question 1: Why stop at 2017?



Question 2: What will I be able to buy with 10,000,000,000,000,000 dollars in 2024?

 

1,000 loaves of bread? Think that this can't happen to any existing fiat given enough time?

[JulieFig]

looking this picture, still having questions???

Yes.  Question 1: Why stop at 2017?



Question 2: What will I be able to buy with 10,000,000,000,000,000 dollars in 2024?

 

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

[mellowyellow]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

[JulieFig]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

Noted. But then, at what would you consider the 'make-or-break' price? If volatility still continues >$10,000 then you are saying Bitcoin will fail?

[ChartBuddy]

Explanation

[niothor]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

So , bitcoin is stable now? Or it's not working? =)))

[Adrian-x]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

Stable price = 0% risk for holders
0% risk = free market fail.

[mellowyellow]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

Noted. But then, at what would you consider the 'make-or-break' price? If volatility still continues >$10,000 then you are saying Bitcoin will fail?

I don't really think the price matters so much as it being stable. If it rises too quickly people won't spend them, if it loses value often people will be scared to buy them. Remember most of us here are miners, early adopters or pure speculators. For the normal guy on the street volatility is one more headache he could avoid by simply using a debit card.

It may still rise exponentially in this early phase but that is also purely speculation, it is just as likely to bounce between 600 and 1200 over the next 6 months while people / countries enter and exit the market. It could also be replaced by government developed cryto currencies where governments want the benefits of btc but sell their coins at rates pegged to the national currencies. Any scenario is just as likely as an other.

[Walsoraj]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

Stable price = 0% risk for holders
0% risk = free market fail.

According to honest libertarians, agreement to buy when the seller has a gun to your head is a good example of supply and demand in an efficient market. Further, in a free market, fraud flows freely and 0% risk simply means the manipulators have temporarily nullified each other.

But, libertarians are retarded monkeys.

[pera]

too obvious?

[macsga]

too obvious?

A pterodactyl head. No doubt!

[Walsoraj]

Said it before, will say it again and again and again: TA without hand drawn dinosaurs is indecipherable.

[billyjoeallen]

You would hope that by the time 1 BTC = $10,000 USD the fluctuations or volatility in these 'early years' will have subsided. Otherwise, we could be seeing swings between $10,000 and $100,000 each month! The stress levels of BTC day-traders seem high enough as it is... what would happen then??

It would make it fail. Bitcoin can only work if it is stablilised.

Noted. But then, at what would you consider the 'make-or-break' price? If volatility still continues >$10,000 then you are saying Bitcoin will fail?

I don't really think the price matters so much as it being stable. If it rises too quickly people won't spend them, if it loses value often people will be scared to buy them. Remember most of us here are miners, early adopters or pure speculators. For the normal guy on the street volatility is one more headache he could avoid by simply using a debit card.

It may still rise exponentially in this early phase but that is also purely speculation, it is just as likely to bounce between 600 and 1200 over the next 6 months while people / countries enter and exit the market. It could also be replaced by government developed cryto currencies where governments want the benefits of btc but sell their coins at rates pegged to the national currencies. Any scenario is just as likely as an other.

Bitcoin may actually get more volatile as we round the first elbow of the technology adoption "S" curve but will stabilize after the second elbow and by "stabilize" I mean slow close to linear rather than exponential increases in value. The problem always is AS COMPARED TO WHAT? Since fiat currencies depreciate against all commodities over time, BTC may well continue increasing exponentially in value until the fiat currency fails.

[seleme]

too obvious?

it's too obvious for you and your pointless chart drawing since 2 months ago.

[OldGeek]

I'm not one to make predictions often (aside from the occasional snide trolling) for very good reasons, but looking at the 1 day BTC-e makes me wonder what we're in for. 

It looks to me like it will take some stupendous good news to keep the MACD from crossing in the next couple of weeks.  That would appear bearish to me.

Disclosure:  My trading account is 50-50.

[ChartBuddy]

Explanation