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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30213. (Read 26717597 times)

hero member
Activity: 966
Merit: 500
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

just use bitsimple.com easy easy easy...

Can you sell as much as you want there without moving the price?
hero member
Activity: 504
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Moderator
World Peace & World Hunger are next to be solved. Fact! I can see it in the logarithmic chart! Fact!
legendary
Activity: 1106
Merit: 1007
Hide your women
^Jesus!!! you think BTC is going to $80,000,000?

If 90% of BTC are consumed by reserve demand and 50% of the global GDP is denominated in bitcoin, we will see $80mm/btc.

Yup.  But that would be a very different world to the one we currently live in. Wink

That's the idea ;-)

Seriously, Bitcoin has the potential to do much more than merely replace national currencies. It has the potential to allow dramatically increased world productivity and wealth. The financial sector is currently sucking off around 8% of global economic activity. Bitcoin could cut that in half.

There are more cars per capita now than there were horses per capita 150 years ago. This is because additional utility is produced at the margins. A more efficient disruptive technology can take more than 100% market share of the technology it replaces.
legendary
Activity: 1596
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Sine secretum non libertas
dumper on bfx doesn't care what price he gets.
hero member
Activity: 504
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Moderator
As from today alts may walk the opposite way of BTC/USD as they used to do 3-9 months ago.
hero member
Activity: 574
Merit: 500
BTC-E pumping altcoins or what is goind on there?

They are useless and people start to realize it?

not seeing any crazy difference in alt prices since last night but I am not really checking to hard. FTC NMC PPC

Either way Bitcoin is here to stay and is revolutionizing the way people think about their own money and money in general.. whether it makes us all rich or not it is bitch slapping people who just accepted the monetary system governments have been imposing on us for however long right in the face. Most are waking up some are stuck in the mud thinking the government will protect them when the bankers coming knocking or. just wrecking ball the markets lol
full member
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BTC-E pumping altcoins or what is goind on there?

They are useless and people start to realize it?

What is uselles? BTC-E or Altcoins?

I would agree with both  Grin
legendary
Activity: 1106
Merit: 1007
Hide your women
1 BTC=~$800 now  ~1000% annual appreciation for the trend.

in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000

$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young.  You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.

Um, you do realize that s-curves (like Bitcoin adoption) only increase exponentially on the approach to vertical, don't you?

Of course. ten years total before the adoption rate goes linear is certainly within the realm of possibility.But, c'mon, does it really matter? What's important is the amplitude of the virtical section.
full member
Activity: 140
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BTC-E pumping altcoins or what is goind on there?
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
BITCOIN IS A FUCKING BUBBLE IT'S GONNA BURST THIS YEAR!

Oh my god. What can we do?

Apart from buying XRP.

Buy some XRP this is the next bubble. Bitcoin has no long term future (or maybe around 0,5$ each...like an old souvenir..)
legendary
Activity: 4242
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You're never too old to think young.
legendary
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Welt Am Draht
BITCOIN IS A FUCKING BUBBLE IT'S GONNA BURST THIS YEAR!

Oh my god. What can we do?

Apart from buying XRP.
full member
Activity: 140
Merit: 100
We just had a crash and consolidation. Maybe we need  another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.
The market doesn't care if people get hurt. And the market surely doesn't give a fuck what is good for bitcoin.

Yep. But sadly this is valid for both directions  Wink
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
BITCOIN IS A FUCKING BUBBLE IT'S GONNA BURST THIS YEAR!
legendary
Activity: 1106
Merit: 1007
Hide your women
^Jesus!!! you think BTC is going to $80,000,000?

If 90% of BTC are consumed by reserve demand and 50% of the global GDP is denominated in bitcoin, we will see $80mm/btc.

You also have to consider that world GDP is growing exponentially and dollars are being debased at the same time.  $80mm may only buy a cheeseburger a decade from now!  It actually would've been a heluva bargain in Zimbabwe a few years back. I have a few $100,000,000,000 Zimbabwe bills that I bought on eBay. The world's reserve currency will probably be the last to fall, but hyperinflation is pretty much inevitable with fiat currencies. If the only weapon you have is a printing press, every problem looks like a liquidity problem.
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
bitcoin is a bubble
hero member
Activity: 826
Merit: 508
We just had a crash and consolidation. Maybe we need  another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.
The market doesn't care if people get hurt. And the market surely doesn't give a fuck what is good for bitcoin.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Global remittance business (Western Union etc.) = $0.5 trillion

This is a gross under-estimate -- US-centrism is blinkering you.  WU and MoneyGram *alone* do 0.685 tn usd/an in remittances.  Hawala networks, non-US related remittances, Internet-based remittances multiply this by a *large* factor.  There are nations of central Asia in which 60% of the GDP consists of remittances (mostly from Russia and Kazakhstan.)

Quote
Any talk of $80 million USD per BTC or even $8 million within five years is just complete fantasy.

Definitely not fantastical.  Achievable.  Very *unlikely*, yes.  90% is probably a fair estimate of reserve demand, but 50% domination of all monetary transactions seems unlikely.  However, layered applications may consume much more bitcoin.  I think there is a natural limit when 1 satoshi ~= 1 yen, roughly the smallest unit of useful currency.  Either there is a protocol fork for that, or adjunct chains serve the subpenny traffic, or a fundamental innovation occurs.  Meanwhile, it is a natural resistance point, albiet one very far away and unlikely to be seen in our lifetimes.
hero member
Activity: 826
Merit: 508
Good. I want it to take a longer time to reach an ATH. Because I am jobless with almost nothing. So, I can't drop a few thousand and pick up 10 or 100 coins. At these prices I can buy like 2 BTC - at lower prices I can triple that. Its a huge difference for me.

You're a dipshit. let's say you're right and it crashes and you get three coins for the rice of one now. it takes three months to recover and you've trippled up. Or you could just buy one now and the price doubles two months in a row (because nodody got spooked by the crash that didn't happen) and you've got FOUR times your buy-in. I'm not too surprised you're unemployed with little money when you display an attitude like that. And you'll never be richer than me. If it crashes, I'll just be right there buying with you. asshole.
You're being completely ridiculous. Having 4x the fiat is utterly meaningless. What kind of bull are you? A long term bull wants coins, not dollars.

In before you somehow find a way to make this about blaming the government. "I'm not too surprised you're unemployed with little money when you display an attitude like that. And you'll never be richer than me." -- more of the same crude bullshit. You fucking asshole.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
1 BTC=~$800 now  ~1000% annual appreciation for the trend.

in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000

$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young.  You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.

Um, you do realize that s-curves (like Bitcoin adoption) only increase exponentially on the approach to vertical, don't you?
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