Topic: The REAL reason price went down and why it will go up - page 2. (Read 4693 times)
nvm
Come one traders, take a lick of that $5.95 bid wall. You know you want to. Tastes delicious.
That's the wall that belongs to the one rich guy called The Manipulator. When he wakes up Friday morning, he will remove it.
Come one traders, take a lick of that $5.95 bid wall. You know you want to. Tastes delicious.
That's the wall that belongs to the one rich guy called The Manipulator. When he wakes up Friday morning, he will remove it.
Come one traders, take a lick of that $5.95 bid wall. You know you want to. Tastes delicious.
My main point is that with the current amount of transactions, and looking at the price correlations, the price can't possibly be lower than $6, not as a stable price at least. The transactions need to come down way more. And my prediction is that the transactions will level off very soon.
Just in here to laugh at you some more. $6.0 at the moment.... So it can't POSSIBLY get lower now, right? RIGHT!?
Nice try OP, but it seems the graph everyone is creaming over lags the actual price cahnge by weeks.
So it seems the interest in bitcoin is very much related to the price.
The ammount of transactions is a consequence of the price, not the other way around.
At least, thats what i see.
So it seems the interest in bitcoin is very much related to the price.
The ammount of transactions is a consequence of the price, not the other way around.
At least, thats what i see.
This is not exactly how macro-economics work, unfortunately.
No, but it is a sufficient explanation for why the value of a single bitcoin is worth more than that of a single dollar.
-Jix
I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
So [Company A] with a market cap of $1M, say, has 1M total shares, all privately owned. What is the value per share?
[Company B], has a market cap of $1k, has 10 shares, all priveately owned. What is the value per share?
Company A is the USD, Company B is BTC.
-Jix
I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
So if there are 21 Bitcoins (highly divisible of course) in total for us, the nominal exchange rate still should not exceed those of major currencies?
Added:
Or we should see the import of electricity to decline to match the export of goods (which is much more likely to happen).
I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
So [Company A] with a market cap of $1M, say, has 1M total shares, all privately owned. What is the value per share?
[Company B], has a market cap of $1k, has 10 shares, all priveately owned. What is the value per share?
Company A is the USD, Company B is BTC.
-Jix
I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
So if there are 21 Bitcoins (highly divisible of course) in total for us, the nominal exchange rate still should not exceed those of major currencies?
I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
Ah, the infamous "you're a troll argument". Strong argument!
He's right, you ARE a troll, so, the argument is pretty strong, even if you weren't trolling in this occasion.
Bitcoin: where correlation DOES = causation...
Next up: P=NP
stay tuned.
Next up: P=NP
stay tuned.
I oh I know how to read. And I understood that you think that if transactions don't go down, the price won't go down. And I think you are wrong. The price will just keep going down no matter what.
Well this pretty much proves that you don't have any real arguments behind the doomsday talk which justifies me calling you a troll from this point on.Ah, the infamous "you're a troll argument". Strong argument!
All these transactions are just people speculating, people buying/selling stuff with bitcoins as medium is probably just a small promile - so the correlation is not that interesting - it does not give you any lead time.
I oh I know how to read. And I understood that you think that if transactions don't go down, the price won't go down. And I think you are wrong. The price will just keep going down no matter what.
Well this pretty much proves that you don't have any real arguments behind the doomsday talk which justifies me calling you a troll from this point on. My main point is that with the current amount of transactions, and looking at the price correlations, the price can't possibly be lower than $6, not as a stable price at least.
Aaaaaahaha! I hope I don't forget to quote you on that when we level off at $5, $3 and $1!
I oh I know how to read. And I understood that you think that if transactions don't go down, the price won't go down. And I think you are wrong. The price will just keep going down no matter what.
I will remind you when we level out below 6 for the first time, ok?
My main point is that with the current amount of transactions, and looking at the price correlations, the price can't possibly be lower than $6, not as a stable price at least.
Aaaaaahaha! I hope I don't forget to quote you on that when we level off at $5, $3 and $1!
What we're seeing is a long level off from the biggest bubble in Bitcoin history, but after that is over the price will stabilize and begin to rise again. Looking at the transaction counts and thinking about it, I feel we truly haven't even started yet. Those are some small numbers in my opinion. Within 6 months we might have a transaction count that is double the summer peak and if the correlation continues, the price will be at an all-time high.
That's speculation though, where the transaction count goes depends on the efforts of Bitcoin-enthusiasts to develop and market the Bitcoin economy.
My main point is that with the current amount of transactions, and looking at the price correlations, the price can't possibly be lower than $6, not as a stable price at least.
Aaaaaahaha!
I hope I don't forget to quote you on that when we level off at $5, $3 and $1!
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