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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23925. (Read 26711426 times)

sr. member
Activity: 378
Merit: 254
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

LoL thanks Jorge for pointing out the option of alts to us. You and Warren must be on some similar wavelength of dinosaur, hope you don't end up extinct.

I wouldn't mind being a dinosaur with his all his dollars to spend before going extinct.  But, alas, ...

Yeah, he's done pretty well for a dinosaur, financially...

As your Beneficent Reptilian Overlords, we'd like to take this moment to point out that
"...although the word dinosaur means "terrible lizard", the name is somewhat misleading, as ...oh my, you smell delicious!"--wikip

  ~Your Beneficent Reptilian Overlords
legendary
Activity: 1176
Merit: 1000
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

inca, you are actually making it very clear that you're delusional by this post.

Really? So you think bitcoin is currently 3000% overvalued?

I wouldn't even bother responding to people who just shit on an idea you shared, without presenting a logical argument...especially when they call you delusional lol

True. But podyx was a reasonable poster earlier this year. I think he is now trading with leverage. I hope he keeps at least a portion of his coins in cold storage!
hero member
Activity: 574
Merit: 500
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

inca, you are actually making it very clear that you're delusional by this post.

Really? So you think bitcoin is currently 3000% overvalued?

I wouldn't even bother responding to people who just shit on an idea you shared, without presenting a logical argument...especially when they call you delusional lol
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
legendary
Activity: 1176
Merit: 1000
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

inca, you are actually making it very clear that you're delusional by this post.

Really? So you think bitcoin is currently 3000% overvalued?
hero member
Activity: 574
Merit: 500
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

Bears..or well beartrolls atleast seem to believe in spreading fear, Bulls get caught up on Hopium of paradigm shifts overnight during bull runs, we all have our shortcomings.

However your logic is solid regarding fundamental investment and why I think the bears are just spewing there end of the hopium spectrum at us constantly...as the bulls once did with trains and choo'n
legendary
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
2015 will be the "Bitcoin Year"

TO DA MOON Smiley
legendary
Activity: 2338
Merit: 1035
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

inca, you are actually making it very clear that you're delusional by this post.
legendary
Activity: 1176
Merit: 1000
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!
hero member
Activity: 574
Merit: 500


I wouldn't mind being a dinosaur with his all his dollars to spend before going extinct.  But, alas, ...

Alas indeed, however dinosaur thinking doesn't always lead to large amount of wealth...but you can think alike for free.
sr. member
Activity: 326
Merit: 250
It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.

Chinese new year is a whole week of bank holidays later in January.  The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges.

Do you both know Chinese New Year is Thursday, February 19 for 2015.


Thanks for the correction. It moves a lot from year to year.

According to this wikipedia page the Chinese have a holiday on January 1 called New Year. Later in January they have another holiday starting on the 1st day of 1st lunar month called Chinese New Year, it lasts about a week around Feb 19.

http://en.wikipedia.org/wiki/Public_holidays_in_China
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

Below average mining price, whatever price that may be.
We soon may find out however.
hero member
Activity: 588
Merit: 500
So what USD Value do you think a Bitcoin would be cheap ?

~100$
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Buffett is a dinosaur, he's too old to appreciate a new way of money.

Buffett is extremely wealthy because he is extremely good at what he does. And one of the main reasons is because he knows what he understands and stays away from what he doesn't understand. Just look at how he has spoken about Google. He sees that they have shot up over the last decade and a bit but he still won't invest in it because he doesn't see how they will make money in five years time. That kind of thinking will make you a lot of money. But he is an investor. And those who make money in Bitcoin are speculators. Bitcoin is a gamble. Some of us might think we have figured it out, but in the end it's a gamble.

I accept that BTC is a gamble
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Buffett is a dinosaur, he's too old to appreciate a new way of money.

Buffett is extremely wealthy because he is extremely good at what he does. And one of the main reasons is because he knows what he understands and stays away from what he doesn't understand. Just look at how he has spoken about Google. He sees that they have shot up over the last decade and a bit but he still won't invest in it because he doesn't see how they will make money in five years time. That kind of thinking will make you a lot of money. But he is an investor. And those who make money in Bitcoin are speculators. Bitcoin is a gamble. Some of us might think we have figured it out, but in the end it's a gamble.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
the network effect of new network protocol with first mover advantage is easy to replicate ... yeah, ok, I guess that's why the stolfi and buffet alt-coin pump 'n dump is going so well  Roll Eyes
hero member
Activity: 910
Merit: 1003
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

LoL thanks Jorge for pointing out the option of alts to us. You and Warren must be on some similar wavelength of dinosaur, hope you don't end up extinct.

I wouldn't mind being a dinosaur with his all his dollars to spend before going extinct.  But, alas, ...
hero member
Activity: 910
Merit: 1003
come on guys. dump some more so the price can go down a bit more
A few months ago I saw somebody being surprised why the price did not move after the final episode of game of thrones.
Maybe Christmas has got more correlation? Grin Grin

Edit: here it is:
 
I was thinking that the Game of thrones finale would trigger a massive buying spree.

Epic
On the other hand, I thought that saw a clear reduction of trading volume in China during one of the main World Cup soccer games earlier this year.  The drop matched the 45 + 45 minutes of play fairly accurately, with some recovery during the 15 minutes of intermission.
hero member
Activity: 574
Merit: 500
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

LoL thanks Jorge for pointing out the option of alts to us. You and Warren must be on some similar wavelength of dinosaur, hope you don't end up extinct.
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