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

[Richy_T]

And he has a pond!
https://www.google.co.uk/maps/place/Malla/@59.501903,26.590228,3a,75y,90t/data=!3m5!1e2!3m3!1s38448946!2e1!3e10!4m2!3m1!1s0x46939a36cddf286b:0xf70b8730827599df

That slides to one side to allow Bitcoin-1 to launch from the concealed heli-pad.

International Monetary Rescue

To da moon! (etc)

[1714825566]

1714825566

[podyx]

Anybody have a clue on how to invest in bitpay?

[aminorex]

has the exponential growth trend broken? Maybe it's seriously time to re-access the future of bitcoin growth.

Not yet.   Still on track.   Cheapness is through the roof now.

[aminorex]

Anybody have a clue on how to invest in bitpay?

1) take a bunch of money and put it in a big pile
2) call the number on their website, tell them how big is your pile
3) if the CEO makes lovey-dovey sounds, send money

[adamstgBit]

Anybody have a clue on how to invest in bitpay?

its not traded publicly.

[kireinaha]

Anybody have a clue on how to invest in bitpay?

its not traded publicly.

Yes, unfortunately. This is where all the smart money is going right now, not bitcoin itself. That should probably tell us all something.

[kireinaha]

has the exponential growth trend broken? Maybe it's seriously time to re-access the future of bitcoin growth.

Not yet.   Still on track.   Cheapness is through the roof now.

The log10 graph is at an all time low I believe. Either this is the beginning of the end or an incredible buying opportunity!

edit: who said bitcoin investors want to get rich for doing nothing? I'm in cold sweats, this is so nerve racking!

[Kupsi]

Anybody have a clue on how to invest in bitpay?

its not traded publicly.

So buy bitcoins instead #ToTheMoon

[aminorex]

This is where all the smart money is going right now, not bitcoin itself.

Evidence? I need evidence of cleverness as well as evidence of money flow, to support that claim.

(Personally, I've been lucky and I've been smart, and overall, I'd rather be lucky than smart.)

[kireinaha]

This is where all the smart money is going right now, not bitcoin itself.

Evidence? I need evidence of cleverness as well as evidence of money flow, to support that claim.

Richard Branson invested $30 million last week, no? He's pretty smart!

[aminorex]

Richard Branson invested $30 million last week, no? He's pretty smart!

I'm quite certain that he's a smartass.  He is probably also well above average in both cleverness and luck.  I'm pretty sure he's neither as clever nor as lucky as someone who made a similar investment in BTC in early 2013.

But you know what they say:  One Richard Branson is an anecdote; two Richard Bransons is a coincidence; but, three Richard Bransons -- now that's enemy action.

[aminorex]

This is a castle:

Vlad the Impaler's 14th century castle in Romania. The inspiration for Count Dracula.

Currently up for sale. 

The latter was also referred to as a manor in the press and real estate copy.

[ChartBuddy]

Explanation

[ShroomsKit]

Get ready for the next pump and dump.

[JayJuanGee]

This is where all the smart money is going right now, not bitcoin itself.

Evidence? I need evidence of cleverness as well as evidence of money flow, to support that claim.

Richard Branson invested $30 million last week, no? He's pretty smart!

Yeah... we need some sources for these various conclusion regarding how much money is going where.. and whether the money is "smart" or NOT... or at least provide some detailed specifics and/or descriptions to support these kinds of conclusions. 

You could add up a lot of infrastructure, and possibly get up to half a billion $$ that has been invested into bitcoin infrastructure, including ATMs, mining, exchanges, payment/remittance services, conferences, application development, consultations, etc. 

Bitcoin has a market cap of nearly $6 billion, which is a reflection of the number of bitcoins multiplied by the market price per bitcoin.  The BTC marketcap may be a little bit of an artificial number, but if there has been nearly a million bitcoins mined over the last 9 months or so, then those recently mined bitcoins have been absorbed into the bitcoin market cap... even at an average price per btc of $400 per bitcoin, that is $400 million.... and even if only 25% of them were sold, that is $100 million.

In the end, money seems to be going into both BTC infrastructure and BTC purchases.   I am NOT about to break down the specifics b/c I do NOT know specifics.. and I did NOT make the assertion that there is some kind of direction that is "smarter" than  another.  It seems that if we get another BTC price spike or a further price decline (which is seeming less and less likely), there will be profits (and losses) both in the infrastructure investments and in bitcoin purchases, and like in life, FEW, if any, of the profits or losses will be distributed evenly... and the smartness of the investment strategy will vary based on luck, timing and whether any skills are brought to the venture(s).

[ChartBuddy]

Explanation

[Walsoraj]

http://www.ripplecharts.com/#/markets

Looks like a ripple pump just peaked. Will probably fall back to 0.006 xrp/usd.

 

[JorgeStolfi]

Trying to understand these charts:

Total Output Volume
"The total value of all transaction outputs per day. This includes coins which were returned to the sender as change."
http://blockchain.info/charts/output-volume (Select 2 years, log maybe)

  Why is this number so constant from Jun/2013 to now, apart from the peak in Nov-Dec, when the value of 1 BTC
  has varied from 120$ to 800$ then 450$? In particular, there seems to be no change since late Jan/2014 to now.

Cost per transaction (USD)
"A chart showing miners revenue divided by the number of transactions." (fom the index page)
http://blockchain.info/charts/cost-per-transaction

  Is that dollars or cents?  Is the word "cost" appropriate? How is this "cost" expected to evolve in the future?

Cost % of transaction volume
"A chart showing miners revenue as percentage of the transaction volume."
http://blockchain.info/charts/cost-per-transaction-percent

  Does this chart mean that the "fee" for a bitcoin transaction is now about 5%?  (Presumably almost all of that is currently
  being paid indirectly by bitcoin users through mining "inflation"?  Like if the government printed more dollars to subsidize
  the credit card fees of US citizens?  )

 

[derpinheimer]

Anyone else amazed this continues?

It cant go on forever 

[ChartBuddy]

Explanation