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

[wachtwoord]

I won't be closing my shorts anytime soon

i'm betting on 350$ in a couple of days, then maybe a crazy 200%+ bounce but maybe not followed by the real growth spurt

I fixed that post for you 

[inca]

Anyone know if coinfloor has sorted alternate uk banking arrangements?

[grappa_barricata]

I won't be closing my shorts anytime soon

i'm betting on 350$ in a couple of days, then maybe a crazy 200%+ bounce but maybe not followed by the real growth spurt

I fixed that post for you 

, perhaps - everything is possible in the craziest market ever know to man

[Wary]

The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.

It is around 10-14% currently, but will halve to around 5% at block height 420,000.

Say, 12%. It's not much, but unfortunately if works with "multiplicator": Since only about 20% of bitcoins are in circulation (the rest is on hodl), effect of new coins is 5 times stronger. I.e. this 12% inflation affects prices with the strength of 60% one.  That is we need 60% annual user base growth just to maintain current price.

not quite, a portion of the new coins will going directly into the "hodl" category so it is less than your 60% ... and it is not a 60% increase in total number of users but total new funds by users to maintain current price.

I agree with both your corrections. Of course it is moneycount rather than headcount and we don't know which % of new coins is get sold (it can be even 0% at rally time). However, the major idea stays: "effective" inflation rate (and therefore required influx of new $) is several times more that the 12%.

[JayJuanGee]

going to the Moon is a choice we make  

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

Either Moon or Mars are nearly equally unrealistic.

Just because we saw the moon landing on TV does NOT mean that it actually happened.

[JorgeStolfi]

To recreate the bug, you may have to have BFX open in one tab, then open the order book in a new tab.

You are right, I see another username and his balance flash in the top right panel for a second.

Same here. I see the same user every time. His balance is 0.

It could be something like a dummy username that serves as a placeholder in the HTML page, and is to be overwritten by the javascript after the page is loaded.

[klee]

going to the Moon is a choice we make  

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

Either Moon or Mars are nearly equally unrealistic.

Just because we saw the moon landing on TV does NOT mean that it actually happened.

http://www.wired.com/2014/09/nvidia-moon/

[macsga]

going to the Moon is a choice we make  

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

Either Moon or Mars are nearly equally unrealistic.

Just because we saw the moon landing on TV does NOT mean that it actually happened.

http://www.wired.com/2014/09/nvidia-moon/

Nice one, even though I'd love more to know what these chips will do on mining

[yokosan]

this actually feels a lot like the Nov '11 low at $2 and change

http://www.reddit.com/r/Bitcoin/comments/2hrso3/bitcoin_will_disrupt_some_of_the_most_powerful/

Totally agree. Back then Bitcoin felt like it could really die...

But look at where we are today. The media is actually starting to take it seriously. There are tons of startups and an entire industry being forged.

Lest we forget that the goal of a startup is pretty much to either IPO Facebook style or get acquired by a company such as Facebook.

It is only a matter of time before Bitpay, Coinbase, or some other company gets aquired by a major player such as Facebook (evil!) or Paypal, Amazon, etc.

Once the first acquisition takes place the floodgates will open. The competition will have no choice but to acquire a competing Bitcoin company for fear that they could be left behind in this new industry...

My own prediction is that the first acquisition will come from (in order of likelyhood);

1. Paypal.
2. Rakuten.
3. Google.
4. Facebook.
5. Microsoft.

As I said before... only one of these companies has to buy one Bitcoin startup and the others have to buy their own competing company by proxy (or start their own, which is more risky).
 

[fonzie]

Facebook (evil!) or Paypal, Amazon, etc.

Amazon is totally evil as well

Bitcoin is totally evil as well!

[findftp]

going to the Moon is a choice we make  

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

Either Moon or Mars are nearly equally unrealistic.

Just because we saw the moon landing on TV does NOT mean that it actually happened.

I finally agree with you
Van allen belt makes space travel for humans impossible.

[Lady_Cake]

If the price of Bitcoins keeping lower my next buy will be at 300 

[fonzie]

Few hours left to get 370+ 360$+350+$ for your precious BTC.

[crazy_rabbit]

this actually feels a lot like the Nov '11 low at $2 and change

http://www.reddit.com/r/Bitcoin/comments/2hrso3/bitcoin_will_disrupt_some_of_the_most_powerful/

Totally agree. Back then Bitcoin felt like it could really die...

But look at where we are today. The media is actually starting to take it seriously. There are tons of startups and an entire industry being forged.

Lest we forget that the goal of a startup is pretty much to either IPO Facebook style or get acquired by a company such as Facebook.

It is only a matter of time before Bitpay, Coinbase, or some other company gets aquired by a major player such as Facebook (evil!) or Paypal, Amazon, etc.

Once the first acquisition takes place the floodgates will open. The competition will have no choice but to acquire a competing Bitcoin company for fear that they could be left behind in this new industry...

My own prediction is that the first acquisition will come from (in order of likelyhood);

1. Paypal.
2. Rakuten.
3. Google.
4. Facebook.
5. Microsoft.

As I said before... only one of these companies has to buy one Bitcoin startup and the others have to buy their own competing company by proxy (or start their own, which is more risky).
 

What we really need is people buying bitcoin for remitances- thats the frontier and future for bitcoin. Then we have billions coming into the system.

[fonzie]

this actually feels a lot like the Nov '11 low at $2 and change

http://www.reddit.com/r/Bitcoin/comments/2hrso3/bitcoin_will_disrupt_some_of_the_most_powerful/

Totally agree. Back then Bitcoin felt like it could really die...

But look at where we are today. The media is actually starting to take it seriously. There are tons of startups and an entire industry being forged.

Lest we forget that the goal of a startup is pretty much to either IPO Facebook style or get acquired by a company such as Facebook.

It is only a matter of time before Bitpay, Coinbase, or some other company gets aquired by a major player such as Facebook (evil!) or Paypal, Amazon, etc.

Once the first acquisition takes place the floodgates will open. The competition will have no choice but to acquire a competing Bitcoin company for fear that they could be left behind in this new industry...

My own prediction is that the first acquisition will come from (in order of likelyhood);

1. Paypal.
2. Rakuten.
3. Google.
4. Facebook.
5. Microsoft.

As I said before... only one of these companies has to buy one Bitcoin startup and the others have to buy their own competing company by proxy (or start their own, which is more risky).
 

What we really need is people buying bitcoin for remitances- thats the frontier and future for bitcoin. Then we have billions coming into the system.

What i really need are a lot of bigger fools that are buying, to make be me become less of a bagholder.

FTFY

[grappa_barricata]

Bitcoin is totally evil as well!

[yokosan]

http://coinatmradar.com/blog/bitcoin-atm-statistics-september-2014/

More than 1 ATM per day is pretty cool... and it is likely to go up.

Also the people that use these ATMs are a completely different market to those already using Bitcoin.

I'm going to lowball these figures and lets say the ATMs costs $5,000 each.

Over 1 year we get 365 new ATMs. They take a fee of 10% (it would be lower than this but im being pessimistic again)

If it is a one way ATM they need to sell $50,000 of BTC just to break even.

365 * 50,000 = $18,250,000 of BTC buys required for one year of ATMs to break even if they keep popping up at this current rate (they won't...it will get faster).

[ChartBuddy]

Explanation

[prophetx]

going to the Moon is a choice we make  

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

Either Moon or Mars are nearly equally unrealistic.

Just because we saw the moon landing on TV does NOT mean that it actually happened.

http://www.wired.com/2014/09/nvidia-moon/

hah thanks  Klee

[fonzie]