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

[btcney]

WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.

If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?  

are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison

Just comparing the users of whatsapp are worth money to advertisers.

The users for bitcoin must increase from its current base to spread to survive.

Then comes the problem will value increase?  and why?  because of limited availability like a commodity?  which is opposite of what it was intended to be a medium for transactions with lower fees.

In the end I think btc needs to be pegged to some definite value to be worth anything.  Other than that the Fed is correct that it can only be a "storage" mechanism.

1 BTC = 1 BTC

[nanobrain]

They are obviously not trying to 'destroy' BTC (the manWhaleBear could have done it in 5mins yesterday) but are trading for profit.  As much as I would like to live in a fairer, more equitable and co-operative world, daytraders and speculators are part of the landscape. They will keep taking short-term profits.

As someone said here (hypheymickey?)....if you want rainbows, unicorns and happy-endings get over to the securities forum.

More than anything I expect these high volume swings to attract even more speculators ultimately increasing adoption

A few top predators tend to keep an eco-system healthy; a sea full of sharks isn't going to be that attractive to most people.

[MrPiggles]

WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.

If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?  

are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison

Just comparing the users of whatsapp are worth money to advertisers.

The users for bitcoin must increase from its current base to spread to survive.

Then comes the problem will value increase?  and why?  because of limited availability like a commodity?  which is opposite of what it was intended to be a medium for transactions with lower fees.

In the end I think btc needs to be pegged to some definite value to be worth anything.  Other than that the Fed is correct that it can only be a "storage" mechanism.

We're currently in a bubble for "users" though.

Companies with millions of users are bought up, with absolutely no idea how to monetize them.

Snapchat anyone? Value in the billions, absolutely ZERO revenue.

A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi

[raid_n]

More than anything I expect these high volume swings to attract even more speculators ultimately increasing adoption

A few top predators tend to keep an eco-system healthy; a sea full of sharks isn't going to be that attractive to most people.

We are not at the "most people" phase. These violent swings and the uncertainty drive coin distribution.
You can subscribe to the theory that the manipulators and speculators always win, I don't.
For every winner there needs to be a loser. I doubt this is just small time speculators losing out. It will be both whales and smaller fish that win and lose

[samsonn25]

WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.

If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?  

are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison

Just comparing the users of whatsapp are worth money to advertisers.

The users for bitcoin must increase from its current base to spread to survive.

Then comes the problem will value increase?  and why?  because of limited availability like a commodity?  which is opposite of what it was intended to be a medium for transactions with lower fees.

In the end I think btc needs to be pegged to some definite value to be worth anything.  Other than that the Fed is correct that it can only be a "storage" mechanism.

You are talking garbledy gook regarding some necessity to "peg" bitcoin.... that is just some distracting mainstream talking point that is used to confuse people regarding the value of it NOT being pegged.  The value of bitcoin is the users and the network and the infrastructure.... which is all still building and growing.

So you would agree the value of bitcoin could be  valued at $1 or $1 million.

Do you think buying 2 pizzas for 10,000 bitcoin was a ripoff or a bargain?  Those who bought at $1100 was that cheap?  

If there was not exchanges (China exchanges, btc-e, bitstamp, etc)  that DO "peg" btc to a fixed value (like the USD or Euro) btc price would still be in Limbo.  And these exchanges are only in for the money to be made.

The problem is the traders and speculators who think they can buy it like it is a lottery ticket and make profit if it goes up from the price they bought it from.

[medialab101]

I still don't really feel like we've had blood in the streets.

No one posted a suicide hotline on r/bitcoin yet

They were posted from the mid-300's, multiple times.

[samsonn25]

WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.

If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?  

are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison

Just comparing the users of whatsapp are worth money to advertisers.

The users for bitcoin must increase from its current base to spread to survive.

Then comes the problem will value increase?  and why?  because of limited availability like a commodity?  which is opposite of what it was intended to be a medium for transactions with lower fees.

In the end I think btc needs to be pegged to some definite value to be worth anything.  Other than that the Fed is correct that it can only be a "storage" mechanism.

We're currently in a bubble for "users" though.

Companies with millions of users are bought up, with absolutely no idea how to monetize them.

Snapchat anyone? Value in the billions, absolutely ZERO revenue.

A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi

Yes, Bravo

[JayJuanGee]

I still don't really feel like we've had blood in the streets.

No one posted a suicide hotline on r/bitcoin yet

In other words, you are still holding out concerning when you are going to buy back in.

You may want to be safe and buy back part, so that you are NOT gambling all of your stash.. but I have my doubts if prices are going lower than they did yesterday, any time in the near future.... though anything seems possible in bitcoinlandia.

[JayJuanGee]

WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.

If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?  

are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison

Just comparing the users of whatsapp are worth money to advertisers.

The users for bitcoin must increase from its current base to spread to survive.

Then comes the problem will value increase?  and why?  because of limited availability like a commodity?  which is opposite of what it was intended to be a medium for transactions with lower fees.

In the end I think btc needs to be pegged to some definite value to be worth anything.  Other than that the Fed is correct that it can only be a "storage" mechanism.

We're currently in a bubble for "users" though.

Companies with millions of users are bought up, with absolutely no idea how to monetize them.

Snapchat anyone? Value in the billions, absolutely ZERO revenue.

A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi

Now, you seem to be talking your book... and once you buy back in, you will fix this kind of language, hopefully?  It's a bit charged to be throwing out the "nearly a ponzi" language.... b/c that is nearly total BS.

[MrPiggles]

I still don't really feel like we've had blood in the streets.

No one posted a suicide hotline on r/bitcoin yet

In other words, you are still holding out concerning when you are going to buy back in.

You may want to be safe and buy back part, so that you are NOT gambling all of your stash.. but I have my doubts if prices are going lower than they did yesterday, any time in the near future.... though anything seems possible in bitcoinlandia.

My income is entirely in btc. I did sell 60 this month at $380 but technically i'm buying in on a daily basis, to the tune of around $500-600

I have $20k that I haven't bought back in with yet. I'm actually more comfortable with the amount I have in btc right now (around 40 currently) so I can only assume I was overinvested, as I was far  too emotional about it. I'll keep "buying back in" via my income in btc, but I think I'll put the $20k into a nice mutual fund or ETF

[MrPiggles]

Now, you seem to be talking your book... and once you buy back in, you will fix this kind of language, hopefully?  It's a bit charged to be throwing out the "nearly a ponzi" language.... b/c that is nearly total BS.

There are a lot of overhyped, overvalued companies that get investment, and go for round after round of seed money, and often time the only purpose of an investment in a business is the hope they'll raise more funds later on and thus make their stake more valuable.  If the only purpose is to increase income then I think that is nearly a ponzi, isn't it?

[Searing]

random rumor













the wheel turns.....


now my Bitcoin can't buy a Laptop!

in the meantime $335 btc now we just need another 31 days of this at @ $35 uptick a day to get to 1100 again

yeah you betcha (still better odds then the lottery)

[mmitech]

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800


And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

[MrPiggles]

btw I wasn't calling btc a ponzi at all, I was referring to the venture capitalists and their stakes in zero revenue tech companies with high userbases.

[MrPiggles]

now my Bitcoin can't buy a Laptop!

You can get a chromebook or cheap laptop for $300

[mb300sd]

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800


And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

Shitting? Fear? No, this has all happened before and will probably happen again..

Irritation, annoyance, yep... I wanted to buy a lambo before I turned 24 damn it.

[superresistant]

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

I don't give a damn about the price.
I'm paid in crypto, I spend in BTC.

I hodl everything in crypto because I hate the banking system.
It doesn't matter if my health fluctuate.
It does matter that banks & state do not have my money.

[nanobrain]

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800


And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

Shitting? Fear? No, this has all happened before and will probably happen again..

Irritation, annoyance, yep... I wanted to buy a lambo before I turned 24 damn it.

Why do nerds/geeks have such an obsession with "lambos": is it some sort of compensatory reflex?

[superresistant]

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

Shitting? Fear? No, this has all happened before and will probably happen again..
Irritation, annoyance, yep... I wanted to buy a lambo before I turned 24 damn it.

Why do nerds/geeks have such an obsession with "lambos": is it some sort of compensatory reflex?

It is a way for some people of showing their wealth which greatly increase their chance of success with greedy females.
*If you consider that most females are greedy then it increase your chance with females.

It is also a way of showing your social status and get respect from your peers (if they like Lambo too otherwise they'll think you're just an insecure small dick).

[tarmi]

@ tarmi -
longs closed 342
shorts opened @339

 

Waiting for 320-325$
Maybe 315$

longs closed 340