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

[JorgeStolfi]

However, the available BTC on the sidelines may jump in and that would require up to 91.7k+335k BTC = 640M USD.

Now, I don’t have data for finex, okcoin, btce and other exchanges but they surely would add quite something to that amount.
Also, I’m not sure if I recall correctly that someone posted the stamp wallet a couple of times since May and it was at around 260k then it grew close to 300k. That would require revising the above figures upwards.

Maybe someone will take it from here but I don’t think 100M USD will do anything visible to the price. Remember that finex has more than 22M in longs and it seems that it couldn’t even stop the downtrend let alone to increase the price even so slightly. So, to get a 4-5x increase in price I suspect we need on the order of 1B USD or more. Yes, there will be a rush in of fresh money but also a rush in of old coins too…
Good part is I think it is still doable of having 100k newcomers each bringing in a fresh 10K USD (in average).

Thanks. An input of 1 G$ is obviously less likely than 100 M$, but still way less than the 600 G$ estimated earlier from the total coins.   Not impossible, I woudl think.

By the way, the market cap is not very relevant for bitcoin because the vast majority of the coins was bought at such low price, and if they were to be sold the price might crash to single digits again.  It would be more interesting to estimate the amount V of USD that people invested buying the 113.6 M existing coins.  

An estimate of V would be the sum of the bitcoins in each unspent transaction output (UTXO) in the blockchain, times the USD/BTC price on the date of that transaction.  Thus, for example Satoshi's million bitcoins would count as a few dollars, rather than ~300 M dollars.  Anyone would care to compute that?  That number would be only a rough estimate of V, more likely on the high side, since the last transaction for some UTXO may not have been a sale.

[N12]

Hopefully now people will come to understand that this sort of "adoption" doesn't mean shit to create demand for BTC. It actually makes it worse by having Bitpay and Coinbase increase BTC sells.

Next time, listen to FUD (Facts U Dislike), not Hopium.

[Eddie Brock]

http://oi62.tinypic.com/2mnermr.jpg

apology for poor english

when were you when our reptilian overlords take over?

I was sat at home watching antonopoulos interview when satoshi ring

'bitcoin is kill'

'no'

and you?

[findftp]

I so much like it.
The market moves exactly as I predicted.
Too bad I did not short all my coins, but hey, even a bear can be afraid.

We can do it. Break that mofo 330!!

[findftp]

I so much like it.
The market moves exactly as I predicted.
Too bad I did not short all my coins, but hey, even a bear can be afraid.

We can do it. Break that mofo 330!!

WE DIT IT!



Now drop to 270 please!

[tarmi]

If the price goes double digits, it'll still have been bad execution and bad timing at that point in time. Maybe you disagree. Then I agree to disagree.

I disagree because that is post hoc explanation and your interpretation of what happened.

and like you said - post hoc explanation is meaningless.

[FatherBob]

Worthy is the Lamb that was slain to receive power, and riches, and honour, and glory.

How's ignoring the Lamb working out for you my children?  All good?

  ~Rev. FatherBob

[_javi_]

red.. red everywhere..

red dildos.. red bloody tampoons.. red percentages...

so tired of this color.

[podyx]

Back in the start of december I was considering the possibility of a slow boring month till the first quarter of 2015 where we should see more action but if we go much lower I will start to doubt it.

I don't think we'll see a $275 doublebottom or triplebottom. Maybe, we'll see

Them feels if bitcoin will fail tho

[EFS]

We need more blood in the streets!

[dakota neat]

The bear bubble is full on

[ChartBuddy]

Explanation

[findftp]

We need more blood in the streets!

Be patient, we will know when it happens.
Just watch the volume.

[N12]

Rust, communism, coke, santa, strawberries, cherries, fire, evening sun, crab.

This is ladies.

[Fatman3001]

We need more blood in the streets!

Take the initiative, go run in front of a bus! Oh, but I guess you meant other peoples blood.

[Omikifuse]

red.. red everywhere..

red dildos.. red bloody tampoons.. red percentages...

so tired of this color.

You mistaken

There is no volume to make red dildos.

It is closer to red dots going down and down minute by minute

[Fatman3001]

red.. red everywhere..

red dildos.. red bloody tampoons.. red percentages...

so tired of this color.

You mistaken

There is no volume to make red dildos.

It is closer to red dots going down and down minute by minute

Not everyone is so picky about their dildos.

[dakota neat]

Great guys. You're cheerleading each downtrend like stupid and wonder why the people flock to the ripple scam.

[N12]

Great guys. You're cheerleading each downtrend like stupid and wonder why the people flock to the ripple scam.

Cheap coins are pretty nice though.

[God27]

Great guys. You're cheerleading each downtrend like stupid and wonder why the people flock to the ripple scam.

Cheap coins are pretty nice though.

XRP is cheaper than BTC.....