Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16755.

krizniq

full member

Activity: 182

Merit: 100

Quote from: bones261 on August 06, 2017, 02:19:31 PM

Quote from: Torque on August 06, 2017, 02:11:59 PM

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?

what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Torque on August 06, 2017, 02:11:59 PM

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Torque on August 06, 2017, 02:11:59 PM

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Yeah, what a loser, only made 260 million buckos. And it took a whole two! years! That is, like, a LONG time.

Torque

legendary

Activity: 3794

Merit: 5474

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz. Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

YourMother

legendary

Activity: 1281

Merit: 1046

Quote from: x2666 on August 06, 2017, 01:50:32 PM

Quote from: YourMother on August 06, 2017, 01:31:27 PM

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.

It's a win-win situation for the billionaires.
- If they buy bitcoin with 5 percent of their fortunes (even at the ridiculous price of 20-30k per BTC), a 20x increase in price will almost double their fortunes. Or you don't believe that bitcoin will go to at least 500k?

.
- In case FIAT collapses, their fortunes will be preserved, in the form of bitcoins. Cool

Why not diversify ?

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Globb0 on August 06, 2017, 12:41:11 PM

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

I remember when Wright was said to be Satoshi and they sent ...the SWAT team to his house.

Yeah, Satoshi better stay undercover.

David48l

hero member

Activity: 600

Merit: 504

Quote from: JimboToronto on August 06, 2017, 12:51:01 PM

Good morning Bitcoinland.

Still hanging in over $3kUSD/4kCAD basically going sideways at $3259USD (Bitcoinaverage) while Altcash continues to slide down to $208USD.

As difficulty drops on the Altcash network, transactions will speed up, allowing more people to dump their free altcoins while they can still get something for them.

Let's see what segwit brings.

Quote from: Basaleyi on August 06, 2017, 12:46:41 PM

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

Many of us voted $3500 because it was the highest option available in the original poll and you can't change your vote.

The last 2 options were added after it burst past $3000 a couple if nights ago.

realice dos transacciones, una en bitcoin core y otra en cash.

Fee btc 1.4eur
Fee bcc 0.03eur

No digo mas. Tardarón lo mismo, contando que la dificultad de bcc aun no esta ajustada. Además de la campaña por parte de Core mineros intentando sabotear el ajuste automatico cada 12h. Realmente patetico, pero aquí la gente como corderos con los ojos vendados

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: x2666 on August 06, 2017, 01:50:32 PM

Quote from: YourMother on August 06, 2017, 01:31:27 PM

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.

They don't want to see the U.S. Dollar collapse. But it is already collapsing through out of control money printing and zero interest rates.... so their stocks will continue to melt up. At least until the worldwide Bond market implosion happens. Then stocks will fall to a fraction of what they are now.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: x2666 on August 06, 2017, 01:50:32 PM

Quote from: YourMother on August 06, 2017, 01:31:27 PM

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.

the US dollar is doing quite a good job of collapsing itself

x2666

member

Activity: 98

Merit: 10

Quote from: YourMother on August 06, 2017, 01:31:27 PM

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: YourMother on August 06, 2017, 01:31:27 PM

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I wish they'd bloody get on with it

YourMother

legendary

Activity: 1281

Merit: 1046

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

numismatist

legendary

Activity: 1245

Merit: 1004

Quote from: Basaleyi on August 06, 2017, 12:46:41 PM

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

The fuel should originate from BCH dumps. On a daytrading shedule the volume of these markets should preceede BTC price movements.
Once mining BCH equals mining BTC from revenue this effect might stop.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: xhomerx10 on August 06, 2017, 11:50:59 AM

Quote from: empowering on August 06, 2017, 11:33:20 AM

Quote from: cashodler on August 06, 2017, 10:48:40 AM

Quote from: empowering on August 06, 2017, 10:21:24 AM

BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet
snip

snip

snip

Can anyone tell me how many BCH coins have moved in past 7 days

(suppose bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)

(Thanks

)

(snip)
So a little over 1.7 million it appears (based on my ever-so-in-depth research)
*results may vary

So accounting for trading velocity and also the sent/active users- it seems likely that all of the coins have NOT hit the market... even if you account for only say 5 million potential coins - we are still way short ....especially considering trading - some traders bought and sold more than once- and there were people buying coins with fiat and BTC that did not receive coins via the fork...that I am wondering if we will see a further dump when segwit locks - though I do acknowledge that many users just cannot be bothered to do anything with their BCH coins at this point.

(side thought - I also wonder if it will give some hedge funds with BTC exposure a nice year end boost- and if they will dump out BCH at the next opportune moment)

(also am I right in thinking if there was a mass exodus and large numbers of Bitcoin holders claiming their BCH in their new Bitcoin Cash wallets , wouldn't we would see a spike in Bitcoin days destroyed? as coins that have not been moved for a while i.e the corresponding BTC are moved into new wallets whilst claiming the BCH (to protect the BTC private keys) )

FractalUniverse

hero member

Activity: 1034

Merit: 558

Quote from: Basaleyi on August 06, 2017, 12:46:41 PM

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

To me it seems to be unpredictable atm.
It will make a decent correction sooner or later, so my waiting tactics is still on

In the silence

sr. member

Activity: 1297

Merit: 294

''Vincit qui se vincit''

Quote from: bones261 on August 06, 2017, 12:45:13 PM

Quote from: Globb0 on August 06, 2017, 12:41:11 PM

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.

We need satoshis private key to dump bitcoincash only. Even if theres an island for sale for btc. Satoshis identity will be known. New ATH again. I imagined satoshi/they fapping thinking that his idea is the greatest.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Good morning Bitcoinland.

Still hanging in over $3kUSD/4kCAD basically going sideways at $3259USD (Bitcoinaverage) while Altcash continues to slide down to $208USD.

As difficulty drops on the Altcash network, transactions will speed up, allowing more people to dump their free altcoins while they can still get something for them.

Let's see what segwit brings.

Quote from: Basaleyi on August 06, 2017, 12:46:41 PM

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

Many of us voted $3500 because it was the highest option available in the original poll and you can't change your vote.

The last 2 options were added after it burst past $3000 a couple if nights ago.

Basaleyi

member

Activity: 171

Merit: 10

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Globb0 on August 06, 2017, 12:41:11 PM

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16755. (Read 26712997 times)