Topic: Linear inflow of funds are required to keep pumping the price up (Read 1581 times)

That's AWESOME. Why doesn't someone do that to pirate?!?!?!!?  The local TV station where Pirate lives would be more then thrilled I'm sure to dig into it!

Seller's remorse.  But, yes it will be harder to dump coins as it goes up.

I think we get one more push higher before it becomes untenable. We're really close on a few things that I'm watching - and not having a substantial decline to even things out is worrying.

An exponential increase in funds is required if the current exponential increase in price is to continue.



Last night:

http://www.abc.net.au/7.30/content/2013/s3732468.htm

You must have missed 'em.
There were over 25 television spots last week IIRC.

As for the thread title:

did everyone notice not much media coverage last week or  two? Turning point?

Maybe, but there's still a lot of people with that many bitcoins and more.  Enough to keep the price low for a long time.  There's no way demand could keep up with supply if just a few of these people started dumping.  It would be catastrophic.

Your math sucks proudhon.

There are a lot of people with that much and more still.

In some sense this is true, that is, if we are only considering miners as the primary source of such large blocks. However, there are those that bought BTC at lower prices that might want to sell them at the seemingly ever higher and higher prices.

So, one such person/entity or many people/entities all converging on a common sell point (e.g. a multiple of 100) could muster up 15k of bitcoins to sell at those psychologically motivating levels. No matter how you cut it, there are 11 million bitcoins currently out there that can be traded. Most all of them at this moment in time are in the hands of people that acquired them at lower prices.

Admittedly, it will seem a relief - even if only justified as psychologically - to think miners have distributed the majority of their outstanding huge blocks of their coins.

The problem with this theory is that there won't be 15k walls all the way up.

yes, u r right

I remember 100k BTC walls when we were around $5.

That's linear.

At price of 100, if there's a 15K BTC wall at 101, 1515000 USD is needed to tear it down.
At price of 200, if there's a 15K BTC wall at 201, 3015000 USD is needed to tear it down.
At price of 300, if there's a 15K BTC wall at 301, 4515000 USD is needed to tear it down.

At price of 1000, if there's a 15K BTC wall at 1001, 15015000 USD is needed to tear it down

It seems thus that do have continued price increase, there need to be exponential increase of inflow of funds to the exchanges to have the price increase like it does now. If big hedge funds enter, the price may actually go vertical for a while, but if those who's interested in investing already have invested, and the amount of funds coming in stay the same, or decrease, then we may see flatling and even a decline.

I guess most people that acutally follows financial news at this point have heard and learned about bitcoin ? So the questions is - when will the buzz cool down - or will it just continue to skyrocket ?

So, the bigger the market becomes, the more money you need to move the price one way or another, so perhaps real stability will not be seen until we hit high 3 digit price ?

Perhaps, then BTC would behave more like EUR and USD, and although these currencies also move in relation to others, most major currencies doesn't have anything like the volatility that we see in BTC these days.