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

[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.

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

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

[Hunyadi]

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

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

Perhaps it is changing.

[mmitech]

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

don't you worry about my financial future, because I am sure that it will be just fine, worry about your self because you are stuck in the danger kind of delusion...

[mmitech]

Perhaps it is changing.

a smart guy would understand what an average mean, in that sense showing me a 2 months long chart doesn't imply to you understanding the word average.

[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.

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!

Maybe, but there is no indications that we have reached or will soon reach an extreme.

[wachtwoord]

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

don't you worry about my financial future, because I am sure that it will be just fine, worry about your self because you are stuck in the danger kind of delusion...

Don't worry about me. Patience + intellect + discipline + diligence + greed are sufficient to end up all right

[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.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

[grappa_barricata]

[ChartBuddy]

Explanation

[lyth0s]

mmitech, have you sold all of your bitcoins yet? Before the upcoming crash that is?

[5cMXezpBtm]

I am buying 5btc for every 10$ drop, lets see if I get broke!

If You have round about 37 050 USD to invest, You won't break, for sure!

#!/bin/bash

price=380

sum=0

while [ $price -gt 0 ]; do
    sum=$((sum + price * 5))
    price=$((price - 10))
done

echo $sum

[crazy_rabbit]

I remember reading once that Amazon's stock at one point had crashed to $7 before slowly rebounding to the triple digits it is today. If you believe in what we're doing here, patience. Patience. And if you have extra cash around- buy.

[macsga]

Perhaps it is changing.

a smart guy would understand what an average mean, in that sense showing me a 2 months long chart doesn't imply to you understanding the word average.

I wonder what a genius like you is doing with all us idiots in here. THANK YOU DEARLY for your presence!

[lyth0s]

I remember reading once that Amazon's stock at one point had crashed to $7 before slowly rebounding to the triple digits it is today. If you believe in what we're doing here, patience. Patience. And if you have extra cash around- buy.

I actually consider this to be the Pre-IPO phase of bitcoin. This type of volatility (and growth) is usually only seen by venture capitalists and large investment firms, which makes sense as to why VC's are where most of the current interest is coming from. I don't expect mass consumer adoption and stable pricing such as IPO/Post-IPO status for at least another 2-4 years.

[machasm]

I dont post here often and have been into BTC since around August 2013. During most of this time there has been a general decline in the $ worth of BTC (barring the meteoric rise pre Dec!). This has not put me off investing what I can, when I can as I still believe in the technology and the promise that it's future holds.
Now I might have missed a few opportunities to make money during this time through shorting but it all seems a tad irrelevant really since the long term potential is huge should the market finally turn around.
Besides, I am cr@p at trading and would probably get burnt badly.
So I am a long term HODLer and I have faith that as long as I hold I will be fine.
Good things come to those who wait.

[Kawada]

It seems very bad. Should be worried about this drop?

[jeezy]

It seems very bad. Should be worried about this drop?

Not at all. This is good for the market.

[wachtwoord]

It seems very bad. Should be worried about this drop?

Do you need your invested wealth soon? Then yes. Otherwise no, just wait.

[fonzie]

It seems very bad. Should be worried about this drop?

In fact it is even more bad than it looks, it will take years if it should ever recover. You should sell everything and step away a few months.

[mmitech]

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

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

do you mind if I ask you this: how old are you and what kind of education do you have ?