Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16648. (Read 26608829 times)
August 12, 2017, 07:19:41 AM
Sooo...woke up to a new ATH...what's the target for this weekend? $4k?
August 12, 2017, 07:08:07 AM
Well, after lurking on this site for years I've decided to make my first post on this legendary thread. Long live bitcoin! To the moon!
you picked a nice moment to join. welcome!
to the moon!
August 12, 2017, 06:44:10 AM
more than 2b per day ... August 12, 2017, 06:43:45 AM
Well, after lurking on this site for years I've decided to make my first post on this legendary thread. Long live bitcoin! To the moon!
August 12, 2017, 06:20:39 AM
Feeling like I'm going to be driving that Porsche this winter !
August 12, 2017, 06:20:39 AM
I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way
In a sense, not really. People still don't understand bitcoin and why price in the thousands is low.
Satoshi put an arbitrary number of coins (21mn) out there, and that's where the price is coming from. Had the supply been 21 Billion, instead of million coins, nobody would bother on whether bitcoin is 1-2-3-5-10$. It would seem "cheap". People would say, wow one day it can go to 100$ or 500$ (the equivalent of 100k or 500k for a 21mn supply) and nobody would say "you are greedy"... But because there are 21mn coins, the 5$ equivalent is 5000$ in our case. And still people don't get it and appear impressed by "high prices".
Bitcoin is like Berkshire stocks which cost a quarter of a million bucks without them being "expensive" - but rather as a consequence of the low number of stocks: https://finance.yahoo.com/quote/brk-a?ltr=1 ...if people don't get Berkshire pricing, it's unlikely they'll get Bitcoin pricing. And most of the time, they don't. Even those in Bitcoin don't get it.
Definitely the right way way to look at it. I've been seeing more and more people now comment they won't ever be able to afford a single bitcoin anymore... and it's true! There's many out there now that are being priced out of the opportunity of ever having a full coin; that feels pretty special!
August 12, 2017, 06:06:26 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... 
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
(stupid bs)
Where have those resistance numbers come from JJG?
His ass. Please stop quoting this donkey I have on ignore for ages. Thank you.
August 12, 2017, 06:05:13 AM
I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way
In a sense, not really. People still don't understand bitcoin and why price in the thousands is low.
Satoshi put an arbitrary number of coins (21mn) out there, and that's where the price is coming from. Had the supply been 21 Billion, instead of million coins, nobody would bother on whether bitcoin is 1-2-3-5-10$. It would seem "cheap". People would say, wow one day it can go to 100$ or 500$ (the equivalent of 100k or 500k for a 21mn supply) and nobody would say "you are greedy"... But because there are 21mn coins, the 5$ equivalent is 5000$ in our case. And still people don't get it and appear impressed by "high prices".
Bitcoin is like Berkshire stocks which cost a quarter of a million bucks without them being "expensive" - but rather as a consequence of the low number of stocks: https://finance.yahoo.com/quote/brk-a?ltr=1 ...if people don't get Berkshire pricing, it's unlikely they'll get Bitcoin pricing. And most of the time, they don't. Even those in Bitcoin don't get it.
August 12, 2017, 05:59:24 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
What a resentful and judgmental fuck you are.
Of course, hodlers are going to get excited.
Of course, there is going to be a lot of variance regarding when to sell and how much.
Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.
I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.
WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?
Where have those resistance numbers come from JJG?
August 12, 2017, 05:54:10 AM
There is a consideration to be made about ETFs being allowed to operate; maybe these ETFs to be are currently accumulating BTC assets?
Yes in recent days many of the commentariat have been claiming that institutional money is flooding in.
I also missed another and most obvious reason for price hikes in the last few days, which is the Korean situation.
Bitcoin rise a couple months ago was partially frontrun by Korea, and with mild downturn in most Asian markets more recently, inevitably some of that sell-off heads our way.
August 12, 2017, 05:49:58 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
What a resentful and judgmental fuck you are.
Of course, hodlers are going to get excited.
Of course, there is going to be a lot of variance regarding when to sell and how much.
Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.
I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.
WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?
I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way
This is my first real bubble too... from $250 to $3800 is quite amazing, and surely having had made it past the earlier resistance makes these higher levels of resistance quite more realistic and plausible, especially since the rise from $250 has been decently gradual (over nearly two years) as compared with other exponential growth periods that were much shorter. And, people were pretty fucking pessimistic in 2015, and some hodlers were selling parts of their stash and turning into bears, too... and even the participation in this thread was quite low, too.
So we are truely in better days in which the trend is our friend, especially if we can play it strategically and sell on the way up but not too many, because you want to have a decent stash, even if the unthinkable and the less likely scenarios play out.... that is $20k and then Adam's repetitively favorite $32k thereafer... hahahahaha I plan to have sold some coins along the way and still have a decent stash of coins in any of those upwards and seemingly less likely scenarios.
I've been around since 2013 (my old BCT account got hacked) so I've seen some lows and some highs but like I said I still can't believe we're here; even though it's what we've all been hoping for
August 12, 2017, 05:46:05 AM
https://bitcointalksearch.org/topic/m.20798805
Maxwell has a go at the 'new' 'satoshi' 'email' 'leaker'
Maxwell has a go at the 'new' 'satoshi' 'email' 'leaker'
Shameful. Shameful if they're legit, shameful if they're edited.
Here was my response to "CipherionX"'s attempts at getting leaks.
Here was my response to "CipherionX"'s attempts at getting leaks.
I'm quite sure I have read at least some of these before. As such, they really aren't new. Not all of them anyway.
I'm guessing Gregory is just pissed and trying to stifle the revelation that Satoshi directly contradicts several of Blockstream/Core's fundamental sacred cow axioms from his very first reply to Mike.
The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
The fee the market would settle on should be minimal. If a node requires a higher fee, that node would be passing up all transactions with lower fees. It could do more volume and probably make more money by processing as many paying transactions as it can.
The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces.
Eventually, most nodes may be run by specialists with multiple GPU cards.
I thought the same thing.
Here another very eloquent extract:
Quote
A higher limit can be phased in once we have actual use closer to the limit and make sure it's working OK.
Eventually when we have client-only implementations, the block chain size won't matter much. Until then, while all users still have to download the entire block chain to start, it's nice if we can keep it down to a reasonable size.
[...]
Whatever the current capacity of the software is, it automatically grows at the rate of Moore's Law, about 60% per year.
Eventually when we have client-only implementations, the block chain size won't matter much. Until then, while all users still have to download the entire block chain to start, it's nice if we can keep it down to a reasonable size.
[...]
Whatever the current capacity of the software is, it automatically grows at the rate of Moore's Law, about 60% per year.
Trolls in 3... 2... 1...
Let me point out that this event also attacks his need to matter as an individual, his self-importance.
But it would be a mistake for any of us to use an appeal to satoshi's authority in order to consruct our arguments.
Especially when this authority is in doubt.
There is no way on earth satoshi would have abused the mother tongue and Moore's Law in the same sentence thusly:
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.
The poor chap made the odd mistake, but never of these sorts.
Another 'editing' fail: it's nice if we can keep it down . Fakers don't know how to use the subjunctive in the English language, while satoshi did. The texts are littered with such anomalies.
As things stand, no side can prove or disprove the authenticity of these emails, so they are sadly doubly worthless.
So we are left with modern-day realities as the resident shouty man points out
August 12, 2017, 05:43:58 AM
There is a consideration to be made about ETFs being allowed to operate; maybe these ETFs to be are currently accumulating BTC assets?
August 12, 2017, 05:42:26 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
What a resentful and judgmental fuck you are.
Of course, hodlers are going to get excited.
Of course, there is going to be a lot of variance regarding when to sell and how much.
Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.
I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.
WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?
I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way
This is my first real bubble too... from $250 to $3800 is quite amazing, and surely having had made it past the earlier resistance makes these higher levels of resistance quite more realistic and plausible, especially since the rise from $250 has been decently gradual (over nearly two years) as compared with other exponential growth periods that were much shorter. And, people were pretty fucking pessimistic in 2015, and some hodlers were selling parts of their stash and turning into bears, too... and even the participation in this thread was quite low, too.
So we are truely in better days in which the trend is our friend, especially if we can play it strategically and sell on the way up but not too many, because you want to have a decent stash, even if the unthinkable and the less likely scenarios play out.... that is $20k and then Adam's repetitively favorite $32k thereafer... hahahahaha I plan to have sold some coins along the way and still have a decent stash of coins in any of those upwards and seemingly less likely scenarios.
August 12, 2017, 05:34:08 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
What a resentful and judgmental fuck you are.
Of course, hodlers are going to get excited.
Of course, there is going to be a lot of variance regarding when to sell and how much.
Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.
I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.
WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?
I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way
August 12, 2017, 05:30:02 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
What a resentful and judgmental fuck you are.
Of course, hodlers are going to get excited.
Of course, there is going to be a lot of variance regarding when to sell and how much.
Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.
I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.
WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?
August 12, 2017, 05:22:53 AM
Several hundred BTC wall at 3749 just eaten at stamp like it's peanuts
Further evidence that bitcoin bulls are actually elephants, not cattle. 
August 12, 2017, 05:11:54 AM
Several hundred BTC wall at 3749 just eaten at stamp like it's peanuts
August 12, 2017, 05:11:52 AM
Bitstamp wall been eating alive
August 12, 2017, 05:03:52 AM
Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225... Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.
Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price
...yet you fucks still get greedy like this.
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