Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 201. (Read 907212 times)

Quote from: zimmah on May 14, 2014, 11:50:01 AM

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

every rally has to start somewhere.

It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.

And the top will most likely be somewhere between 5000 and 7000 or something indeed.

I think it very hard to call the next top already.
It really depends on all the news.
For example, when a government declares bitcoin national currency, BTC goes much higher than 7000 (add a couple zeros)
But, when proof exist of a fatal flaw in bitcoin we pretty much go to zero.

But, I very much like the binary bet.

It will not most likely go to 700 000 USD at this rally but 7000 is realistic based on so many previous rallies.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

every rally has to start somewhere.

It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.

And the top will most likely be somewhere between 5000 and 7000 or something indeed.

I think it very hard to call the next top already.
It really depends on all the news.
For example, when a government declares bitcoin national currency, BTC goes much higher than 7000 (add a couple zeros)
But, when proof exist of a fatal flaw in bitcoin we pretty much go to zero.

But, I very much like the binary bet.

zimmah

legendary

Activity: 1106

Merit: 1005

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

every rally has to start somewhere.

It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.

And the top will most likely be somewhere between 5000 and 7000 or something indeed.

Jomppe

full member

Activity: 168

Merit: 100

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

The next bubble will be somewhere between 5000-7000 USD.

kehtolo

hero member

Activity: 707

Merit: 500

Quote from: rpietila on May 14, 2014, 11:17:46 AM

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

zimmah

legendary

Activity: 1106

Merit: 1005

We are witnessing with our very own eyes the opportunity to purchase 1:1,000,000th of the money supply of this world, with one click, for $5,000, which is 1:10,000,000,000 of the fiat supply of the world.

Do the division: money is going for 1:10,000 of the price of fiat.

I don't trust the government that much.

The history sides with me. The bitcoins the Norwegian guy bought for the total of $5 in 2009, bought him an apartment in 2014. If kept in fiat, it would have bought him - a sandwich.

Very true, and I think it won't be the last time bitcoin will explode upwards like that.

Jomppe

full member

Activity: 168

Merit: 100

Quote from: rpietila on May 14, 2014, 11:17:46 AM

We are witnessing with our very own eyes the opportunity to purchase 1:1,000,000th of the money supply of this world, with one click, for $5,000, which is 1:10,000,000,000 of the fiat supply of the world.

Do the division: money is going for 1:10,000 of the price of fiat.

I don't trust the government that much.

The history sides with me. The bitcoins the Norwegian guy bought for the total of $5 in 2009, bought him an apartment in 2014. If kept in fiat, it would have bought him - a sandwich.

Reptilian, not even a sandwhich. In Finland you need to pay something like 8 USD for sandwhich (6 euros).

rpietila

donator

Activity: 1722

Merit: 1036

And it is rallying: 0.447 touched for the first time in 72 hours!

rpietila

donator

Activity: 1722

Merit: 1036

We are witnessing with our very own eyes the opportunity to purchase 1:1,000,000th of the money supply of this world, with one click, for $5,000, which is 1:10,000,000,000 of the fiat supply of the world.

Do the division: money is going for 1:10,000 of the price of fiat.

I don't trust the government that much.

The history sides with me. The bitcoins the Norwegian guy bought for the total of $5 in 2009, bought him an apartment in 2014. If kept in fiat, it would have bought him - a sandwich.

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

1. Bitcoin achieves efficient trusted payment between pseudoanonymous peers without the need for a trusted third party. Because the non-Bitcoin economy is greatly burdened by rent-seeking trusted third parties, e.g. banks, Bitcoin has great disruptive potential that is drawing substantial venture capital and entrepreneurs. The payment mechanism is a public ledger and programmable money. Bitcoin is a extendable technology platform - analogous to the Internet.

2. Bitcoin provides a deflationary store of value because a maximum 21 million bitcoins will ever be created. The substitution of bitcoin for fiat will substitute the virtue of savings/prudent spending for the vice of dis-saving/immediate indulgence. Bitcoin as currency will profoundly impact on the world's economy and culture, e.g. no more ruinous boom and bust credit cycles. Not analogous to the Internet.

zoinky

hero member

Activity: 811

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Web Developer

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

So is it comparable to HTTP? Or SMTP? Or VoIP? Or FTP? All different types of little things that use the internet. Bitcoin is just another killer app for the Internet.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: Bitcopia on May 13, 2014, 09:56:25 PM

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

Bitcoin is just the first app of the blockchain, but the blockchain can and will do much more. also the blockchain does not technically NEED the internet.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: Wekkel on May 13, 2014, 07:21:29 PM

Quote from: Its About Sharing on May 13, 2014, 06:57:56 PM

Quote from: Wekkel on May 13, 2014, 07:21:29 PM

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

Could you provide a link? I'd like to read about this theme...

http://lfb.org/what-if-this-is-happening/

Its the connection to renewed freedom.

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

I don't think anyone compared bitcoin to the internet (the internet is a physical network of computers), but I have heard it compared to an internet protocol like tcp/ip.

Edit: I do personally anticipate that bitcoin's impact will likely be as big if not bigger than that of the internet and it's past protocols even if they were necessary predecessors.

romneymoney

full member

Activity: 193

Merit: 117

HODL

People compare it to the internet because it's an elegant core technology that enables new things to be done that couldn't before it existed. Another comparison is that it replaces private/expensive technologies with an efficient decentralized one. These both work OK.
If you take it to mean adoption will spread like the internet to such a large audience in 20 years or less, well, we're speculating on that now. It's a more complicated argument.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: Its About Sharing on May 13, 2014, 06:57:56 PM

Quote from: secousa on May 13, 2014, 06:41:48 PM

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

Could you provide a link? I'd like to read about this theme...

bitcoinsrus

hero member

Activity: 518

Merit: 500

Bitcoin::Internet
Miners::Servers
Wallets::Browsers
Scammers::Nigerian Prince Emails

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: Its About Sharing on May 13, 2014, 06:57:56 PM

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile