Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17737.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Spaceman_Spiff on March 02, 2017, 02:43:16 PM

Forget an ATH and "gold parity", the true crazyness of today: BTC-e almost at the same price as Stamp and Finex. Grin

The real interesting question is what is actually happening when the price of bitcoin skyrockets: Let's use a wild example and say bitcoin went to $100,000. This would be inflating the general money supply assuming people were buying things directly with bitcoin. You are placing in a dollar substitute, kind of like counterfeiting (not the greatest term, but best example I could think of). The overall effect is more money in the system.

Since nobody is buying things with bitcoin directly, it remains a derivative of the USD like almost all other fiat currencies. This also makes bitcoin constrained by things like dollar liquidity shortages, etc, where federal reserve monetary policy is essentially bitcoin monetary policy.

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: fichtn12345 on March 02, 2017, 02:09:21 PM

Quote from: JimboToronto on March 02, 2017, 02:02:48 PM

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Confirmed.

Confirmation confirmed. Shocked

ok that's 2 confirmations. should be ok to spend my assertion now.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

None of my friends have mentioned bitcoin to me recently.

Now...these are the friends I was boring back in 2013/14 about it and when the shit hit the fan and it dropped to $200 I bought them all up. My friends know this.

This has all happened and not one of my mates has asked or text me about bitcoin.

Is this because:-

A. They all know the price now and don't want to talk about it as they feel sick knowing they laughed and made jokes.

B. They haven't even heard the news as the media have hardly reported on it.

C. They hate me and never liked me in the first place bitcoin or no bitcoin.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Forget an ATH and "gold parity", the true crazyness of today: BTC-e almost at the same price as Stamp and Finex. Grin

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: JimboToronto on March 02, 2017, 01:43:52 PM

There we go.

Gotta love self-correction.

We don't need no stinking bubbles.
Cool

As much as I love to see the price go up, I'd rather it go up in a steady climb. In that case it is less prone to 'crashing' back down and less volatile. I keep bitcoinity open and check the volatility rates occasionally.

Quote from: JimboToronto on March 02, 2017, 02:31:49 PM

There's that Stamp bidwall again. LOL

This time it barely lasted seconds.

It is most certainly a strange $1+m being moved up and down. My theory is that if the SEC is planning on accepting the ETF, they would be buying Bitcoin up to the approval itself.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: matt4054 on March 02, 2017, 02:27:58 PM

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Did they turn on the new Willy already?

Willy was November 2013, not February.
____

There's that Stamp bidwall again. LOL

This time it barely lasted seconds.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Did they turn on the new Willy already?

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Karartma1 on March 02, 2017, 02:06:16 PM

Quote from: JimboToronto on March 02, 2017, 02:02:48 PM

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Confirmed.

sure

https://bitcoinmagazine.com/articles/january-2013-bitcoin-news-roundup-1360089070/

Laughing ass off on above. BFL Final ship date Feb 2013. My Jally showed up Oct 31st 2013!

Lots of stuff to forget in 2013 than BTC ATH!

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Hey! You! On the plains of fiat land. It's us conquering mt. Gox, the gold mountain.

And you Yahoo!'s on the fiat plains, said it couldn't be done!

(Sticks out tongue 👅 to make huge raspberry psssssssst)

Lamer's

fichtn12345

full member

Activity: 280

Merit: 100

Quote from: JimboToronto on March 02, 2017, 02:02:48 PM

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Confirmed.

Confirmation confirmed. Shocked

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: JimboToronto on March 02, 2017, 02:02:48 PM

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Confirmed.

sure

https://bitcoinmagazine.com/articles/january-2013-bitcoin-news-roundup-1360089070/

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: spooderman on March 02, 2017, 02:01:36 PM

this is February 2013 amirite?

Confirmed.

spooderman

legendary

Activity: 1680

Merit: 1045

this is February 2013 amirite?

bitcoinvest

legendary

Activity: 1124

Merit: 1000

13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

Would be unfair not to mention that just now in Greece i read article to online news website that has many many viewers,

with title "THIS IS the most expensive CURRENCY OF THE WORLD! Surpassed in value and gold" !!

More European websites have started to mention the rally !!

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: Lauda on March 02, 2017, 01:32:15 PM

Quote from: JimboToronto on March 02, 2017, 01:26:53 PM

Was that little $20 dip the correction after that steep run up?

I'm sure we'll see a real correction fairly soon but then again it has been self correcting as we go lately.

I think it's correcting itself on the way up. You need to closely watch the price on Bitstamp in 30-60 minute intervals. This however does not mean that there won't be another movement down. I'd be fine with sticking at $1250 for a few days.

There we go.

Gotta love self-correction.

We don't need no stinking bubbles.

Cool

strawbs

legendary

Activity: 875

Merit: 1362

Looking at depth charts on the exchanges shows just how few coins there are for sale. Once mainstream media start reporting on the ATH, parity with gold, etc. then the potential upward price movement could be staggering. Such media reports tend to be about three days behind events here in bitcoinland from my experience.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: JimboToronto on March 02, 2017, 01:26:53 PM

Was that little $20 dip the correction after that steep run up?

I'm sure we'll see a real correction fairly soon but then again it has been self correcting as we go lately.

I think it's correcting itself on the way up. You need to closely watch the price on Bitstamp in 30-60 minute intervals. This however does not mean that there won't be another movement down. I'd be fine with sticking at $1250 for a few days.

Quote from: yefi on March 02, 2017, 01:29:33 PM

* yefi waves goodbye to Gox forever. Au revoir Mark! Kiss

Yes! I hope that disaster won't mentioned anymore.

yefi

legendary

Activity: 2842

Merit: 1511

* yefi waves goodbye to Gox forever. Au revoir Mark! Kiss

Karartma1

legendary

Activity: 2310

Merit: 1422

at this point there's not much to say

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Was that little $20 dip the correction after that steep run up?

I'm sure we'll see a real correction fairly soon but then again it has been self correcting as we go lately.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17737. (Read 26716410 times)