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

[Erdogan]

It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.

Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.


It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.

In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.

This is exactly the case. Change of mind rises the value, a small trade discovers price.

[dreamspark]

It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.

Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.


It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.

In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.

This is exactly my point. This is the reason why certain people are trying to convince people to hold (holding will keep the coins out of circulation), thus making it easier for the price to increase. However I do not believe people get into bitcoin to hold. People get into bitcoin because of the wild stories they have heard of people becomming millionaires within a few years. Once this optimism wears off people will start to realize that they wont become rich holding bitcoin and will sell their stash.

I wasn't referencing your second point about people telling others to hold, thats your opinion. I think your incorrect with it, afterall why wouldnt these bulls your refering to have dumped at $1000+ thats a nice price compared to $4xx, but I'm not going to try and change your mind.

What I was referring to is your assertion towards how much new money you need for the price to rise and with that you were wrong. Futhermore you only need more money to maintain the price IF we are working under the assumption that new coins are sent straight to market, if they are not then you are again wrong and no new money is needed to keep the BTC price afloat.

[spooderman]

This thread has become a complete waste of time to read

[podyx]

going down??

[FlyingLotus]

Huobi graph looks spent.. 

[chromosoma]

Ladies and gentlemen, we are going down.
Women and kids   first....

[igorr]

mega dump begins

[Macno]

Did anybody have the opportunity to try out the beta version of Reggie Middleton's ultra-coin yet?

Is there a thread about that? Has nothing to do with ultracoin the coin, has it?

[spooderman]

I know this is the wrongest place ever to mention this, but I wish the price would just plummet to the point where all the people who are in this for the money would disappear. Bitcoin is about so much more than it's dollar value. We are building something more important than the internet, and it's like people are obsessing over the price of domain names.

[billyjoeallen]

Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.

The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.

[ShroomsKit]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

[igorr]

just look 15th april coming

[igorr]

View Screen Capture

[EuroTrash]

It is as sad as this: it did not break the resistance at 460 so the 101 TA gamblers decided it must go down.

Brace yourselves again.

[p0peji]

Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.

The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.

How about those that are leveraged short, would they not want to see the price go to 0$?

[Mervyn_Pumpkinhead]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

Ignore everyone here who aren't yelling "trend reversal to the moon!" and guarantee that you will always be surprised when there are new drops
Some people here are good reminders of the fact, that handling wealth is not for everyone.

[billyjoeallen]

This may just be a pause as guys like me who dumped this morning @ $458 are buying them back. It could go lower.

[billyjoeallen]

Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.

The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.

How about those that are leveraged short, would they not want to see the price go to 0$?

Don't be ridiculous. If price went to zero, you'd never see your profits. The exchange would close and the guy that owes you money would be wiped out.

[JorgeStolfi]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

It is 22:00 in China. 

May be people returning from the extended holiday and discovering that the price climbed above their dump level.

May be some negative mention of bitcoin on the TV news.  (Neo & Bee collapse perhaps?)

[oda.krell]

It is as sad as this: it did not break the resistance at 460 so the 101 TA gamblers decided it must go down.

Brace yourselves again.

Eh. Maybe we're gamblers, but we're not the ones keeping the price down.

I actually agree (to my own surprise) completely with billy: if we see such pathetic volume so close to the previously perceived absolute bottom of 400/380, then that can only mean one thing: it is no longer perceived as the absolute bottom. Everything else follows from that.

/2cent