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

[minerpumpkin]

No doubt there's no buying pressure at the moment. Yet, people are more than willing to buy up a hell lot of coins for $540-$550-ish, so we'd need some high volume to get through those bids. The general sentiment seems to be that Bitcoin is underpriced at the moment.

[fonsie]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

[Kipsy89]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

[fonsie]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

Anyone noticed that the value of the Bitcoin Network has risen quite a lot the last half year, regardless the price of 1 BTC?

Meaning that because a small part of all the bitcoins in existence are being dumped it is not represantative for the entire network, wich at first was a 1200$/BTC drugs favored ponzi scheme, now it has transformed into a 567$/BTC payments network with VC firms, politicians, companies and consumers supporting it. Meanwhile people have less and less reasons to complain that only a few people have a lot of bitcoins, that is if they are smart enough to buy.

[aminorex]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

[spooderman]

Morning bitcoiners. Every day the next rally draws closer. A new world is coming. It doesn't involve middlemen.

[Kipsy89]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

Anyone noticed that the value of the Bitcoin Network has risen quite a lot the last half year, regardless the price of 1 BTC?

Meaning that because a small part of all the bitcoins in existence are being dumped it is not represantative for the entire network, wich at first was a 1200$/BTC drugs favored ponzi scheme, now it has transformed into a 567$/BTC payments network with VC firms, politicians, companies and consumers supporting it. Meanwhile people have less and less reasons to complain that only a few people have a lot of bitcoins, that is if they are smart enough to buy.

Ahh that makes sense, yeah! I guess you could be right. Is that the reason why you became bullish on bitcoin now? Didn't you use to be a perma-bear? I can see how this makes you reconsider!

[fonsie]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

Anyone noticed that the value of the Bitcoin Network has risen quite a lot the last half year, regardless the price of 1 BTC?

Meaning that because a small part of all the bitcoins in existence are being dumped it is not represantative for the entire network, wich at first was a 1200$/BTC drugs favored ponzi scheme, now it has transformed into a 567$/BTC payments network with VC firms, politicians, companies and consumers supporting it. Meanwhile people have less and less reasons to complain that only a few people have a lot of bitcoins, that is if they are smart enough to buy.

Ahh that makes sense, yeah! I guess you could be right. Is that the reason why you became bullish on bitcoin now? Didn't you use to be a perma-bear? I can see how this makes you reconsider!

I have always been a long term bull, it was fonZie who used to be a bear.

[Kipsy89]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

Phew, well that's a bit difficult to read, man. Could you phrase this in a way so a normal person can understand it But I guess you're saying that Bitcoin got more useful for the people, right? Thanks to you and fonsie for pointing that out!

[mmitech]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

[fonsie]

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

[Schickeria]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

This is more a philosophical question. You are both correct.

[ChartBuddy]

Explanation

[mmitech]

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side note, what I am doing is not your fucking business.

[fonsie]

BREAKING NEWS

It happened I just sold 1 satoshi for a price of 2000$/BTC, UPDATE YOUR TICKER PRICES, new ATH

[Kipsy89]

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side not, what I am doing is not your fucking business.

Hahaha, maybe you should just stay in the game with a single satoshi, so you can still tell people to shut up or tell them your opinion, and they can't shun you for not having any BTC, man

[fonsie]

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side not, what I am doing is not your fucking business.

Not sure what a side not is, but it is my right as a bitcoin hodler to express my discomfort of the presence of a not-holder.

BAM donkey kong   tuuuuut whoppa mmmm suc tech, power, oink


EDIT: you missed quite the rise to 2000$ by selling too early.

[empowering]

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again)

PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not.

SUPPLY - DEMAND

VALUE - PRICE

PRICE is what you pay and VALUE is what you get.

This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh

[Dabs]

Never a bad idea to buy, hold, wait, then sell. With a long gap. Of course it depends, but for example, our favorite scenario would be to buy last year, and sell next year.

[adamstgBit]

568 this is pretty disastrous... wtf is happening...