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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26604. (Read 26735531 times)

full member
Activity: 263
Merit: 101


Major rally just around the corner... all signs are pointing north, pessimists have become optimists, except for a few cry babies that sold all of their fortune of around 0.0001 - 1 BTC in value

Man am I tired of this old song already !!!
sr. member
Activity: 434
Merit: 250
People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC Cheesy I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....

Haven't you heard, he had his operation, he wanted to have bull horns on his bear head, but the operation failed, he looks like his mother now(see avatar). Except he has chicken leggs instead of pigeon leggs.
legendary
Activity: 1176
Merit: 1000
People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC Cheesy I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....

I think you'll find it is a simple formula: sell coins -> scream doom and gloom , buy coins -> scream to the moon.
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 434
Merit: 250
BREAKING NEWS:

VC firms are pooring millions of dollars into Bitcoin startups, yes Bitcoin the crypto currency that is slowly dying according a few unknown persons on a unknown forum on the wide interwebs, these persons have odd looking names like: fallling, I might even say that some of them look like a dog with pigeon legs. But it is confirmed that they present only facts, because all of their sentences begin with "I think...".

This was fonsie for BBC News, back to the studio.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC Cheesy I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....
sr. member
Activity: 434
Merit: 250


Major rally just around the corner... all signs are pointing north, pessimists have become optimists, except for a few cry babies that sold all of their fortune of around 0.0001 - 1 BTC in value
sr. member
Activity: 434
Merit: 250
sr. member
Activity: 434
Merit: 250
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

OK, sad to see you go, but bye now...
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


It is quite a surprise that there's no concrete information confirming increasing users,  though news is flying daily for more adoption!

Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion.

If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users?




Sometimes you have to conclude based on a combination of direct evidence and inferential evidence.  Accordingly, Maybe you will begin to understand that there is increased adoption when you begin to see the price go up?  You are asking for more direct evidence, and maybe that direct evidence is ambiguous. so therefore inferences need to be made from it....   Reasonable inferences, that is... You can argue that a reasonable inference is less adoption ... when that is NOT reasonable...   But trolls and FUD spreaders like to engage in this kind of selective vision.....

Increase liquidity opportunities, investments, conferences and various mainstream news pieces on bitcoin also help to establish that bitcoin adoption is going up and has been going up...   If you blindly do NOT want to see various signs that adoption has been going up, then pointing out more direct evidence will NOT help your selective blindness.. imhbo....


Being a holder,  I wish to have some encouraging information. However, the information needs to be convincing.

Seriously, a hodler's combination of information is unavoidably with prejiduce and that is always my problem.

 Adoption/wallets are inductive for increasing users. But, I tend to believe it may double if price double overnight ( which is also inductive).



I understand what you are saying, but I maintain that there is plenty of inferential evidence available, and you can read through a bunch of threads in this forum and by doing various searches through BTC articles. 

I think you are erroneous in your perception if you are giving more weight to the opinions of Jorge b/c he does NOT hold BTC or to give more weight to the information of other non-HODLers.  There are a lot of posters who are providing good and objective information in spite of their level of holdings.  Jorge has already been proven over and over to be someone who selectively spins his information and uses academics and good / polite language to make it appear as if he is being neutral and objective, when in fact he is purposefully and intentionally blind and intentionally trying to focus on some nitpicky irrelevancy to get others to believe that to be the most important thing in the bitcoin space. 

I understand that in the end, you need to feel comfortable with your own senses of probabilities regarding the direction of BTC... and part of your concerns about whether adoption may be lacking... or less than it is purported to be.
member
Activity: 75
Merit: 10
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


It is quite a surprise that there's no concrete information confirming increasing users,  though news is flying daily for more adoption!

Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion.

If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users?




Sometimes you have to conclude based on a combination of direct evidence and inferential evidence.  Accordingly, Maybe you will begin to understand that there is increased adoption when you begin to see the price go up?  You are asking for more direct evidence, and maybe that direct evidence is ambiguous. so therefore inferences need to be made from it....   Reasonable inferences, that is... You can argue that a reasonable inference is less adoption ... when that is NOT reasonable...   But trolls and FUD spreaders like to engage in this kind of selective vision.....

Increase liquidity opportunities, investments, conferences and various mainstream news pieces on bitcoin also help to establish that bitcoin adoption is going up and has been going up...   If you blindly do NOT want to see various signs that adoption has been going up, then pointing out more direct evidence will NOT help your selective blindness.. imhbo....


Being a holder,  I wish to have some encouraging information. However, the information needs to be convincing.

Seriously, a hodler's combination of information is unavoidably with prejiduce and that is always my problem.

 Adoption/wallets are inductive for increasing users. But, I tend to believe it may double if price double overnight ( which is also inductive).
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


It is quite a surprise that there's no concrete information confirming increasing users,  though news is flying daily for more adoption!

Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion.

If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users?




Sometimes you have to conclude based on a combination of direct evidence and inferential evidence.  Accordingly, Maybe you will begin to understand that there is increased adoption when you begin to see the price go up?  You are asking for more direct evidence, and maybe that direct evidence is ambiguous. so therefore inferences need to be made from it....   Reasonable inferences, that is... You can argue that a reasonable inference is less adoption ... when that is NOT reasonable...   But trolls and FUD spreaders like to engage in this kind of selective vision.....

Increase liquidity opportunities, investments, conferences and various mainstream news pieces on bitcoin also help to establish that bitcoin adoption is going up and has been going up...   If you blindly do NOT want to see various signs that adoption has been going up, then pointing out more direct evidence will NOT help your selective blindness.. imhbo....
member
Activity: 75
Merit: 10
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.


It is quite a surprise that there's no concrete information confirming increasing users,  though news is flying daily for more adoption!

Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion.

If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users?

hero member
Activity: 722
Merit: 500
What about the fact that such a small percentage of bitcoins floating around for trading are what make up the price?  Greedy long term hodlers and early adopters need to let go of more of their bitcoins before we start seeing any real valuation of what a bitcoin is worth. Until then it's just a casino.

No it's a financial market and it's manipulated as they all are. Live with it.

P.s. I don't need to spend my coins and will continue to hold until I do.
hero member
Activity: 854
Merit: 1000
What about the fact that such a small percentage of bitcoins floating around for trading are what make up the price?  Greedy long term hodlers and early adopters need to let go of more of their bitcoins before we start seeing any real valuation of what a bitcoin is worth. Until then it's just a casino.
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?
We do not know whether the number of "bitcoin users" is increasing.

The sources that I know (such as blockchan.info) do not give that information.  They give some quantities (such as wallet software downloads, transactions per day, total BTC volume per day) from which some people claim to be able to derive the number of users.  However, those quantities include an unknown amount of operations that do not imply real additional use.  Some of them (like total BTC volume) have been relatively constant for the last 6 months.  Moreover, there is no information at all about people who stopped "using" bitcoin, e.g. after buying a bit just for curiosity.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?


Today's little "fun" in the downward movement pressures will likely cause a few more additional hands to fold... will it be enough though?   or do we need more sideways before the "shaking out" and "shaking up" costs just become too much for the whale manipulators to bear.. and even some whale manipulators get too anxious to begin to resume the move upward....
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