Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17219. (Read 26608227 times)
May 19, 2017, 04:50:27 AM
I am remembering now the Year 2000 problem https://en.wikipedia.org/wiki/Year_2000_problem. I wonder if something will happen when bitcoin reaches $2000. Miners shouting down, blockchain broken, the end of the world and other Roland Emmerich´s apocalyptic visions.
May 19, 2017, 04:28:01 AM
2001 ..A Bitcoin Odyssey
incoming (meme)
incoming (meme)
May 19, 2017, 04:26:46 AM
Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.
There are scaling solutions obviously so in the future, it's not a worry.
There are scaling solutions obviously so in the future, it's not a worry.
People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx.
May 19, 2017, 03:47:46 AM
360 coins left on polo sub $2000
wall eaten or pulled?
wall eaten or pulled?
May 19, 2017, 02:10:26 AM
Remember this post? The beginning of the rise, I believe my prediction held. ("18" meaning the days left to buy cheapTM coins)
Note the posts that follow, also chart buddy.
18
Note the posts that follow, also chart buddy.
May 19, 2017, 01:19:14 AM
Are we rich yet? 
Yes. Rich in symbolism. We just hit $2600CAD (Bitcoinaverage).
1337
May 19, 2017, 01:15:46 AM
May 19, 2017, 01:14:49 AM
Are we rich yet?
May 19, 2017, 12:49:56 AM
2017 incoming ....
May 19, 2017, 12:49:37 AM
12k yuan/BTC on OKCasino
That ATH looks so pretty right now, but it ain't around for long I'd reckon
That ATH looks so pretty right now, but it ain't around for long I'd reckon
May 19, 2017, 12:33:44 AM
Top news: Bitcoin enthusiast laments, "I should have bought more Bitcoins."
May 19, 2017, 12:04:19 AM
Ibian tries to distill every argument down into a black and white, yes or no result so that he can claim victory.
Ok here's one for ya Ibian.
Why do you want the price to increase? So that you can be rich one day?
Yes or no? Just answer the question with 'yes' or 'no'.
Ok here's one for ya Ibian.
Why do you want the price to increase? So that you can be rich one day?
Yes or no? Just answer the question with 'yes' or 'no'.
He seems likely to be paid by someone to try and create 'plausible' propaganda.
Spreading misinformation are we eh??
... But from the way he talks I think Ibian is a kid... or has the mind of one! May 18, 2017, 11:35:28 PM
Are the days of Bitcoin doubling in price in a few hours or days a thing of the past. Are we destined for 6% gains a pop now that the market cap is so large....?
Would love to see a 50% price hop... can you imagine the frenzy, dear God.
Would love to see a 50% price hop... can you imagine the frenzy, dear God.
May 18, 2017, 10:19:54 PM
we have the meme technology
Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.
Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.
Another political scandal that will bring some more time of instability and uncertainty about what is gonna happen next. It is going to get worse in the near future.
It already is in the big media:
https://www.theguardian.com/world/2017/may/18/brazil-president-corruption-invesitgation-supreme-court
http://www.aljazeera.com/news/2017/05/brazil-beleaguered-president-temer-refuses-resign-170518232558485.html
https://www.nytimes.com/2017/05/18/world/americas/brazil-president-michel-temer-corruption-claims.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
etc
I think the effect would be the same in other countries
May 18, 2017, 10:14:13 PM
we have the meme technology
Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.
Break of that very recent downtrend and confirmation above 1780. So long as it keeps that gain it can get over the imaginary wall of 2000. Indicator and volume looks fine I guess. I did have a chart for CNY trend on Huboi prices for wisdom but its been delisted from that site, not sure why.
[I found a link via google, I'll check back later - https://bitcoinwisdom.com/markets/huobi/btccny - oh dam actually the price flat so forget that :O]
Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.
Quote
trying to ascribe some kinds of micropayment expectations to bitcoin and to suggest that bitcoin is broken if it cannot achieve these kinds of use cases in an expedited way and to compete with credit card companies, etc.
Thats a major chunk of business that must go elsewhere then, it would be good if bitcoin had a fixed relation to whichever standard its ceding control of 'cent' type traffic. Otherwise seems slightly chaotic a transition and apparently unintentional and uncontrolled.Break of that very recent downtrend and confirmation above 1780. So long as it keeps that gain it can get over the imaginary wall of 2000. Indicator and volume looks fine I guess. I did have a chart for CNY trend on Huboi prices for wisdom but its been delisted from that site, not sure why.
[I found a link via google, I'll check back later - https://bitcoinwisdom.com/markets/huobi/btccny - oh dam actually the price flat so forget that :O]
May 18, 2017, 09:56:40 PM
May 18, 2017, 09:30:17 PM
$2000 at the horizon guys!
May 18, 2017, 09:26:40 PM
1900? HOLY FUCKING CRAP!
Ah yes, this is a nice feeling. When and where is the party?
Ah yes, this is a nice feeling. When and where is the party?
Oh yeah, almost forgot.... when is the $1000 party?
May 18, 2017, 09:14:17 PM
$2000 is an interesting number in human psychology and pricing theory because of Benford's Law.
Humans have a tendency to 'box' numbers in a base-10 logarithmic way. Any random sample of statistics generally adhere to Benford's Law ... so typically once out of the 'ones" things tend to rise much quicker. Think of it like "1 thousand" seems like a big difference from "five hundred" but one thousand to two thousand, not so much ... yet both are doublings. Then once you're into the two thousands it's just a hop skip and a jump to 3, 4 and 5 thousands ... until 10,000 that seems like a long way away.
Humans have a tendency to 'box' numbers in a base-10 logarithmic way. Any random sample of statistics generally adhere to Benford's Law ... so typically once out of the 'ones" things tend to rise much quicker. Think of it like "1 thousand" seems like a big difference from "five hundred" but one thousand to two thousand, not so much ... yet both are doublings. Then once you're into the two thousands it's just a hop skip and a jump to 3, 4 and 5 thousands ... until 10,000 that seems like a long way away.
Totally right. $1000 was a harder barrier to cross. 2, 3, 4.... are just more thousands. You have just to see the orders book to notice there is not much resistance at $2000.
In fact we had much more resistance at $1800.
May 18, 2017, 09:10:15 PM
$2000 is an interesting number in human psychology and pricing theory because of Benford's Law.
Humans have a tendency to 'box' numbers in a base-10 logarithmic way. Any random sample of human-generated statistics generally adhere to Benford's Law ... so typically once out of the "ones" things tend to rise much quicker. Think of it like "1 thousand" seems like a big difference from "five hundred" but one thousand to two thousand, not so much ... yet both are doublings. Then once you're into the two thousands it's just a hop skip and a jump to 3, 4 and 5 thousands ... until 10,000 that seems like a long way away.
Humans have a tendency to 'box' numbers in a base-10 logarithmic way. Any random sample of human-generated statistics generally adhere to Benford's Law ... so typically once out of the "ones" things tend to rise much quicker. Think of it like "1 thousand" seems like a big difference from "five hundred" but one thousand to two thousand, not so much ... yet both are doublings. Then once you're into the two thousands it's just a hop skip and a jump to 3, 4 and 5 thousands ... until 10,000 that seems like a long way away.
Quote
It tends to be most accurate when values are distributed across multiple orders of magnitude.
I think this applies to bitcoin pricing, scale invariance. Jump to: