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

[JayJuanGee]

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 would like to frame this on my wall, b/c it is a GREAT reminder to keep clear about which one(s) of these you are talking about.  Did monkey come up with this framework?      If so, s/he is Brilliant.

[inca]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

The bulls right now:

Yap yap yap. We get it you sold. Pathetic.

[dropt]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

The bulls right now:

http://im41.com/wp-content/uploads/2013/11/wpid-fingers-in-ears3.jpeg

I'm a bull and just sent 5k to the exchange.  I'm buying while all you dipshits sell.

[ChartBuddy]

Explanation

[Torque]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

You're so right, man!  My bitcoin that was worth $588 yesterday is only worth $570 today!!!  What a devastating crash, a btc crash to end all crashes!!


_{(In. case. you. can't. tell. that. was. mega. sarcasm.)}

[mmitech]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

The bulls right now:

http://im41.com/wp-content/uploads/2013/11/wpid-fingers-in-ears3.jpeg

I'm a bull and just sent 5k to the exchange.  I'm buying while all you dipshits sell.

tells allot about you.

[edwardspitz]

Could it be one of those bearish pennants?



 

[JayJuanGee]

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.

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

[findftp]

[edwardspitz]

The mystery bomb hugger steps in.

[JayJuanGee]

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

I don't care what they taught you in school but a value of a thing is what it can be exchanged for (which in our age is compared to the currency we use)...the price is defined by supply and demand.

your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ?

LET'S face it.  You cannot be taught...... YOU have already demonstrated that Over and over and over and over and over.  That is part of the reason that you are RETARDED!!!     such sad     so embarrassed        much cry

[kireinaha]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

You're so right, man!  My bitcoin that was worth $588 yesterday is only worth $570 today!!!  What a devastating crash, a btc crash to end all crashes!!


_{(In. case. you. can't. tell. that. was. mega. sarcasm.)}

And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now.

[empowering]

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

sold some at $1060, $980 and $630 and the rest yesterday at $585  and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.

I do not know what emotions are

[molecular]

Rakuten coming on board:
http://www.coindesk.com/rakuten-us-subsidiary-bitcoin/

Doesn't matter, I'm selling now. Time to get out fellas.

bye bye, Jesus

[mmitech]

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

sold some at $1060, $980 and $630 and the rest yesterday at $585  and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.

I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gif

that guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman and not gay if you are a guy) so stop trying  

[empowering]

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

sold some at $1060, $980 and $630 and the rest yesterday at $585  and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.

I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gif

that guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman and not gay if you are a guy) so stop trying  

what ?

[molecular]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

The bulls right now:

http://im41.com/wp-content/uploads/2013/11/wpid-fingers-in-ears3.jpeg

I'm a bull and just sent 5k to the exchange.  I'm buying while all you dipshits sell.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[fonzie]

@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?

[inca]

This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

You're so right, man!  My bitcoin that was worth $588 yesterday is only worth $570 today!!!  What a devastating crash, a btc crash to end all crashes!!


_{(In. case. you. can't. tell. that. was. mega. sarcasm.)}

And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now.

'Smart people'. Hilarious. The price is up roughly 1000 percent from last year. It is just under double what it was a few weeks ago.

Sell Sell Sell like the smart people!

[JayJuanGee]

I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.

 HOW LONG are you going to wait on either of these scenarios?  Surely, your plan remains potentially decent if your time line is 1-2 months, but if there are market movements within the next 1-2 months (even within your range), these potential market movements could affect your stated plan, possibly?  or if the timeline drags on, then you may need to reconsider varying your plan, no?