Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13702. (Read 26714044 times)

It is interesting, yet very disturbing that he likes to think about Bitcoin market "bubbles" as if they are always a good thing.  As if the 1999 stock market bubble didn't also wipe out a lot of people.

You gotta remember, Mike is a nice guy, but he is also a shark out to make money. He'll be the first one dumping his mega stack at the top of the next "great bubble" and probably won't feel any remorse about it.

Thanks for that link infofront.  I watched the about 30 minute interview with Novograts, and I found interesting the quick survey from the audience in the beginning.   Thus, no brainer that Novograts remains bullish about both the bitcoin space and crypto overall, while the audience shows that they are quite a bit less bullish about bitcoin/crypto than Novograts - yet seemingly more bullish than the level of bitcoin's current investment ratios.

Another bitcoin groundhog's day, another day of cargo cultists trying to distract people from sound money (silver and gold), while attempting to scam everyone with imaginary, valueless token pump and dumps, and Phil Connors JayJuanGee wants to talk to you about something.

http://fortune.com/2018/06/07/blockchain-firm-r3-is-running-out-of-money-sources-say/

mike hearn's pet R3 is running out of money.

how do you run out of over $100 million? do you eat the money? do you shovel cash into your heating boiler? in silicon valley is a million dollars a euphemism for $10,000?

at least if you throw 100 million dollars at a film you usually wind up with something to watch at the end of it. this'll finish with some strings of 1s and 0s with 0 purpose.

BUMP!

1h


4h


D

 Being a merit source isn't all ham and plaques.

In other words, it seems that you are struggling with this newly found practice.   

my gut feeling tells me this is mere calm before storm
I just couldn't resist and bought some BTC satoshis at 7693.
|Now watch it ?ump overnight

/edit: immediate finex market reaction for rather small amount was $12 drop. that tell us something

Should probably be "shut up and take my digital signature".

Nice, very interesting! thanks

Interesting interview with Mike Novograts:

https://www.youtube.com/watch?v=oWhzlaymNIk&app=desktop

One tidbit I found interesting is when he said that the bubble we just had was akin to the 1996 stock market bubble. The 1999 "internet bubble" is coming and it will be the largest bubble ever.

Exactly, Hashrate looks to be a lagging indicator due to equipment production time, with miners banking on future increases in price since they've already missed the last run up.

I would argue that Google trends is also a lagging indicator, albeit on a much shorter time frame. Price has to increase first before interest is stoked enough to spur newcomers to search for bitcoin. There is less need for already indoctrinated bitcoiners to search, they already know where they want to go to buy/research/etc.

I would further argue that price is a lagging indicator of fundamental analysis and good news. Whereas FUD is a nearly instantaneous indicator of price decreases, good news takes a while to build enough confidence to trigger buying much less FOMO.

Going back to google trends, the more people already know about bitcoin, the less impact it will have on search engines. MSM has replaced a lot of the need to google, now that CNBC etc have a price ticker and reporting.

You don't see the stock markets responding that much to google trends even in times of wild volatility. Bitcoin still drawing more searches than key stock market terms.

In fact, stock market search spikes on google trends seem inversely correlated to price - they represent major sell offs! Careful what you wish for.



edit:

Meanwhile, on Wall St:
‘Beware’: Jamie Dimon and Warren Buffett Double Down as Bitcoin Critics

Classic.

Jamie "Do What I Say Not What I Do" Dimon, as JP Morgan continues to formulate crypto strategies.
Warren "I only invest in what I understand" Buffet, who quite possibly just learned about Apple and maybe even the Internet sometime last year.

Good morning all.

1h

Fuzzy waves continuing mostly up and sideways.

4h

Coiling.

D

Summer 2018 sunglasses edition

The market is slowly recovering from the crypto winter we experienced. While not the explosive rise some may be looking for, the steady price and moderate gains are sign's of renewed interest from users and institutional investors as alike. With greater clarification coming from governing bodies and the realization that bitcoin and crypto are viable alternatives to legacy banking, increased adoption and speculation are likely to continue and increase over time.

While this might seem painfully obvious to most, sometimes spelling things out simply is what is needed.

This recovery..or rut we have been in..what ever you care to call it, is due to many factors but the one that weighs the most imho is the MtGox coins. Until there is closure on those coins I feel the market is going to hover in this price range until mid August, early September.

This coming Monday and Thursday look to be interesting. Can we get back over $8k?  #dyor #stronghands
 

Don't forget that hash rate being deployed now was likely ordered in Q1 18 or in the bubble. Assuming 10c power or lower cost of bitcoin production is still <$6k. That said if hashrate grows at the rate it has been since start 2016 you won't ROI on an S9 at $600 for the miner, or even on one of the proposed new GMO 7nm miners at $2k. So if I ran the biggest asic mining company in the world with a revenue of circa $2.4bn last year I would either be looking to support/increase the price of Bitcoin and by extension bcash so that my product looks more attractive, diversify my company into AI or other computational heavy production, or IPO my company (or all 3)......

Google trends for Bitcoin looks pretty poor right now.

I am seeing a feedback loop. The price spikes lead to investment in mining gear and the resulting increase in hash power leads to the next spike in price which fuels the next round of investment in mining gear, etc., etc.

WHAT I'M SAYING IS YOU ARE A GOLDMAN SACHS (XMR) SHILL ~ BOTH YOU AND FLUFFYPONY ARE BEING CALLED OUT >>> #GITLAB WUT

 

lolzz

Its insane how much the hashrate has grown. Miners must see a bullish future for Bitcoin because they are essentially investing a ton of money in BTCs infrastructure. Hash rate continues to grow even during a price decline. To me at least, that seems pretty bullish.