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

[adamstgBit]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

[ZephramC]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

[JayJuanGee]

What about the "fall out" that is supposed to happen May 15 once the banks stop bitcoin transactions? Technically it is already May 15 in China.

Windjc and BillyJoelAllen have a bet that is ending on May 15, too, and it looks like BJA is gonna be the winner, no?

[adamstgBit]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

[JayJuanGee]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

On time  New rally around the corner!

Is this really a good thing? I'm guessing that if PayPal starts accepting Bitcoins, they will STILL take their 3% from the seller. The dream of Bitcoin is that we don't NEED PayPal anymore.

I believe that we see several of examples of NEW bitcoin infrastructure companies that charge relatively higher fees that are in line with their business model and traditional banking fees (ATMs, square up, coinbase, gyft, zapo, etc).  These fees are NOT surprising, yet it seems that these fees  will likely decrease with the passage of time b/c as you suggested, profits can still be made with a much lesser fees... which will likely continue to cause competition to come into the space.

New ventures that are tied to traditional fiat institutions are going to attempt to milk profits out of the system - especially when they are filling otherwise unfulfilled needs.

[ChrisML]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

Want a cookie now?

[ChartBuddy]

Explanation

[niothor]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

Where did you get that 7 000 000 number?

[hmmmstrange]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

Where did you get that 7 000 000 number?

(https://www.google.com/#q=population+of+the+world) * 0.001

[niothor]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right?  

Where did you get that 7 000 000 number?

(https://www.google.com/#q=population+of+the+world) * 0.001

Ok , got it now:).I Was thinking in reverse
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
~ around 3 mills adresses , so 99.95%

[zimmah]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see. 

he says a 7% chance.

you feeling lucky?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

Where did you get that 7 000 000 number?

(https://www.google.com/#q=population+of+the+world) * 0.001

0,1%? not so fast thats too much imo.

You guys fail at math.

He's saying that he has more bitcoin than 99.9% of the people in the world, in other words he has more bitcoin than 6 993 000 000 other persons, and probably more.

In fact the figures are even more in his favor as there's probably less than 7 000 000 bitcoin users, but for his initial statement to be true (he owns more bitcoin than 99.9% of the world population combined) only less than 7 000 000 need to own bitcoin.

[niothor]

You guys fail at math.

He's saying that he has more bitcoin than 99.9% of the people in the world, in other words he has more bitcoin than 6 993 000 000 other persons, and probably more.

In fact the figures are even more in his favor as there's probably less than 7 000 000 bitcoin users, but for his initial statement to be true (he owns more bitcoin than 99.9% of the world population combined) only less than 7 000 000 need to own bitcoin.

And if he has at least 0.1 btc there are at most 500k people richer than him in btc terms >
Those numbers can make even the smaller BTC holder feel a bit better.

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

So are we going to final bottom around $370 next week or not?

Hmm, 300-350 rpietila says, in 7 days he says. Lets see.  

he says a 7% chance.

you feeling lucky?

No, rpietila originally said that we will have a flash crash to 300-350 in 7 days. Only when challenged to a bet he suddenly added that probability of that crash is 7%

[JorgeStolfi]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

Well, I think this article illustrates well the difference between "news" and "facts reported in the news". 

[JorgeStolfi]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

[hdbuck]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

yea 0x2 still makes 0.. ^^

[Walsoraj]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

yea 0x2 still makes 0.. ^^

Thanks for that, Capt Obvious.

[hmmmstrange]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that!  

I'm pretty sure loosing 100% of your BTC holdings every day is pretty easy to beat.

[niothor]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

Well, I think this article illustrates well the difference between "news" and "facts reported in the news". 

Well , I think that your comment illustrates well the difference on how people read news , and how bears understand them.