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

[mmitech]

good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:

You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.

you do that instead of me.

[mmitech]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

[TeeBone]

no buying pressure whatsoever, sitting at 370 like a dead duck...

[ElectricMucus]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

[FNG]

good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

Doesn't your chart show dollars in circulation though? 

All you're showing is inflation really.

It's the chart of the base money supply. It's rapid increase is an attempt to paper over the cracks in the system.

[lyth0s]

All the bears selling and shorting now is really going to create a huge buying pressure once we have a good solid period of green candles. Once all of your coins are gone only the holders and miners will have bitcoins and thus creating a smaller daily supply. I really thank you guys for loading this spring.... when the bitcoin market turns around it's going to be quite an epic price explosion.

[MrPiggles]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

so up from here?

The bear trolls are just as retarded as the mega-bull trolls.

[wachtwoord]

good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:

You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.

you do that instead of me.

My opinion is the opposite of yours so I obviously don't have to.

[FNG]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

Right...so if we increase miners rewards by 5x but tell them they can only spend x coins...that change is irrelevant?

[wachtwoord]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

Right...so if we increase miners rewards by 5x but tell them they can only spend x coins...that change is irrelevant?

If anything is NOT irrelevant it's the monetary base.

[MahaRamana]

All the bears selling and shorting now is really going to create a huge buying pressure once we have a good solid period of green candles. Once all of your coins are gone only the holders and miners will have bitcoins and thus creating a smaller daily supply. I really thank you guys for loading this spring.... when the bitcoin market turns around it's going to be quite an epic price explosion.

We heard that one for how many months now ?

The coins are never "gone". What is being sold today can be again sold tomorrow by the buyers of today. How do you know the buyers of today are holders ? If their expectations are not met, they might very well sell as well.

When you pull too strong on the spring, it bends and breaks.

[mmitech]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the  inflation argument is old and fake, and I consider it an insult to m intelligence.

[wachtwoord]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the  inflation argument is old and fake, and I consider it an insult to m intelligence.

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

[Hunyadi]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the  inflation argument is old and fake, and I consider it an insult to m intelligence.

Inflation rate is currently about 10%

https://en.bitcoin.it/wiki/Controlled_supply

[600watt]

it is no train. but it is green and it has power....


8900 ...

[ElectricMucus]

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

Right...so if we increase miners rewards by 5x but tell them they can only spend x coins...that change is irrelevant?

If anything is NOT irrelevant it's the monetary base.

It's like that if those extra coins are sent to an address of which the private key are split between them and satoshi nakamoto. Or not even that, it's more like proof of stake coins where the reward is bumped up by X amount without an actual stake.

[mmitech]

good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:

You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.

you do that instead of me.

My opinion is the opposite of yours so I obviously don't have to.

I don't think you understand the analysis good, because you were yelling for a reversal and a bubble since I remember, it didn't happen, and even if it happens now it doesn't make your analyzes right but it would be a lucky guess, because imagine me repeating "the price will go up" the whole year everyday, once it does it will look just silly.

[mmitech]

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the  inflation argument is old and fake, and I consider it an insult to m intelligence.

Inflation rate is currently about 10%

https://en.bitcoin.it/wiki/Controlled_supply
[/quote]

no it is not, the network hashrate is around a constant 25% in average more than it suppose to be.

[inca]

All the bears selling and shorting now is really going to create a huge buying pressure once we have a good solid period of green candles. Once all of your coins are gone only the holders and miners will have bitcoins and thus creating a smaller daily supply. I really thank you guys for loading this spring.... when the bitcoin market turns around it's going to be quite an epic price explosion.

We heard that one for how many months now ?

The coins are never "gone". What is being sold today can be again sold tomorrow by the buyers of today. How do you know the buyers of today are holders ? If their expectations are not met, they might very well sell as well.

When you pull too strong on the spring, it bends and breaks.

The majority of the coins being scooped up now aren't being bought by Joe public. At extreme price levels it is the big players who buy low. That is just how markets work.

/r/bitcoin is spammed with troll and doom and gloom.
/r/bitcoinmarkets is near universally bearish

We are gearing up for a flash crash followed by a high volume reversal even exocytosis cannot miss. Where it happens who knows. But like klee I will continue to buy all the way down!

[wachtwoord]

good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:

You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.

you do that instead of me.

My opinion is the opposite of yours so I obviously don't have to.

I don't think you understand the analysis good, because you were yelling for a reversal and a bubble since I remember, it didn't happen, and even if it happens now it doesn't make your analyzes right but it would be a lucky guess, because imagine me repeating "the price will go up" the whole year everyday, once it does it will look just silly.

I think you are mistaken as I never call for a bubble, there are no bubbles in Bitcoin because a bubble implies overvaluation (and that has never happened yet). There will be a next growth spurt however.

Still have fun ruining your financial future