1238.8000....
tired of winning yet?
Kitco - GOLD
03/02/2017 08:28 1238.40 1239.40
tired of winning yet?
Kitco - GOLD
03/02/2017 08:28 1238.40 1239.40
Damn, we're right on gold parity...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17744. (Read 26716544 times)
March 02, 2017, 08:32:37 AM
Damn, we're right on gold parity...
March 02, 2017, 07:38:46 AM
woohooooo!!!! That £1k is a great milestone!!
Yeah the british pound was the last big currency of global importants which wasn't traded in the 4 digits.
Another milestone reached!
We had a great week so far.We've seen new ATHs, the pound finally being in the 4 digits and the chance to break the old, although not really relevant, Mt. Gox all time high this week is great as well.
However I also believe we will cool down a bit within the next days. Many indicators are looking overheated and need some correction.
March 02, 2017, 07:16:28 AM
BTC $1235 < Gold $1239 
March 02, 2017, 07:10:02 AM
Gold is $1241 per Oz
BTC is @ $1234.56 on Stamp...
BTC is @ $1234.56 on Stamp...
March 02, 2017, 06:31:24 AM
about 1 hour ago 1,231.45800000 USD
about 2 hours ago 1,231.38300000 USD
about 2 hours ago 1,230.80100000 USD
about 2 hours ago 1,229.96000000 USD
about 2 hours ago 1,226.58500000 USD
about 3 hours ago 1,226.00300000 USD
about 3 hours ago 1,224.32000000 USD
about 3 hours ago 1,224.99839991 USD
about 3 hours ago 1,223.56000000 USD
about 4 hours ago 1,224.23100000 USD
about 2 hours ago 1,231.38300000 USD
about 2 hours ago 1,230.80100000 USD
about 2 hours ago 1,229.96000000 USD
about 2 hours ago 1,226.58500000 USD
about 3 hours ago 1,226.00300000 USD
about 3 hours ago 1,224.32000000 USD
about 3 hours ago 1,224.99839991 USD
about 3 hours ago 1,223.56000000 USD
about 4 hours ago 1,224.23100000 USD
March 02, 2017, 06:25:28 AM
Gold people coming out of the woodwork against bitcoin heh:
https://i.imgur.com/uo87xY4.png
Both Rickards and Schiff are actually correct, they just don't know why and don't know enough about bitcoin to articulate it, but this is why
*Disclaimer: I am not bearish on the price of bitcoin in the short term, just that once it's market cap has topped out, everyone is going to convert the profits straight to the base of Exter's pyramid (gold and silver) due to being more anti-fragile and a better store of value.
https://i.imgur.com/uo87xY4.png
Both Rickards and Schiff are actually correct, they just don't know why and don't know enough about bitcoin to articulate it, but this is why
The fact is, bitcoin does NOT function as a store of value, period. The way bitcoin is designed pigeonholes it into acting as a settlement layer, and what is the #1 attribute needed for being a settlement layer? ...being a store of value. This makes it kind of inherently designed to fail at what it's supposed to do because bitcoin does not exist in a vacuum, it has to compete against the noble metals. The noble metals are orders of magnitude better in anti-fragility, store of value, and even decentralization than bitcoin is.
As I said before:
This means bitcoin's value has to be floated by raw transaction flow instead of people hoarding it for no reason as a store of value. It is my estimate that you would need something like 5000 TPS in order for bitcoin to function as a raw transaction handler instead of a store of value. And the following post explains why bitcoin isn't a store of value in the first place:
https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand
As I said before:
A settlement layer has to compete with or beat gold as a store of value. Bitcoin cannot accomplish that task so it has to do something else besides being a settlement layer or there is no point!
This means bitcoin's value has to be floated by raw transaction flow instead of people hoarding it for no reason as a store of value. It is my estimate that you would need something like 5000 TPS in order for bitcoin to function as a raw transaction handler instead of a store of value. And the following post explains why bitcoin isn't a store of value in the first place:
https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand
*Disclaimer: I am not bearish on the price of bitcoin in the short term, just that once it's market cap has topped out, everyone is going to convert the profits straight to the base of Exter's pyramid (gold and silver) due to being more anti-fragile and a better store of value.
Hey lmk when ur going to exter's pyramid again. Id love to meet up with u and have a chat there as I need to pick up some gold and silver myself!
March 02, 2017, 05:23:19 AM
This might be the day btc price surpasses the goldprice. Exciting times.
I disagree with this. IMHO such a rise today would be too much. Let's break the Gox ATH on Bitfinex and Bitstamp first. That would make this yet another great day.Can you explain this interesting post of you little bit since i lost almost all my bitcoins at that time on Gox how this i happening ?
You're starting to look like a spammer. Post less and read more.£1000
Congratulations to all fellow Brits
I'm not sure why the congratulations are in order. Was this not hit yesterday? Anyhow, 2$ away from another ATH on Stamp.Congratulations to all fellow Brits
Well I am sorry for only just seeing! Ha ha. 24 hours late, what a shit forum member I am.
March 02, 2017, 05:16:57 AM
This might be the day btc price surpasses the goldprice. Exciting times.
I disagree with this. IMHO such a rise today would be too much. Let's break the Gox ATH on Bitfinex and Bitstamp first. That would make this yet another great day.Can you explain this interesting post of you little bit since i lost almost all my bitcoins at that time on Gox how this i happening ?
You're starting to look like a spammer. Post less and read more.£1000
Congratulations to all fellow Brits
I'm not sure why the congratulations are in order. Was this not hit yesterday? Anyhow, 2$ away from another ATH on Stamp.Congratulations to all fellow Brits
Update: I made a mistake. The price of gold is much lower than it was the last time I checked.
March 02, 2017, 05:12:41 AM
£1000
Congratulations to all fellow Brits
Congratulations to all fellow Brits
Yes!
The fall in Sterling is partly responsible, but I'll take that anyway. Debt in GBP, earnings in USD/BTC.
March 02, 2017, 05:08:30 AM
£1000
Congratulations to all fellow Brits
Congratulations to all fellow Brits
March 02, 2017, 05:00:47 AM
wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
That's how it goes. When the price rises... BUY!
Meanwhile Coinfloor, the UK's biggest exchange and one of the only ones the bank's haven't hamstrung, is wavering at £999.
Looks like we'll take out the Gox ATH today, which will mean that no one who is holding a bitcoin will have lost money on that bitcoin. Gives you an insight into FOMO since everyone is winning.
Edit: just blew through £1k.
Can you explain this interesting post of you little bit since i lost almost all my bitcoins at that time on Gox how this i happening ? We already lost and we loose every single minute that the time passes and there is not pay out yet.... No matter the price we are going to suffer more or less and we do for the last 3 years almost...if they clear this out then all the community will be happier
I just mean that everyone who ever bought a bitcoin and still holds it (so yes, if you lost them in Gox that doesn't count) is now in the black. At $1,242 that even includes the people who bought on Gox at the ATH, assuming they withdrew.
Basically I'm saying that when the price is higher than ever before, everyone feels like they are an amazing trader because they are winning. You can see what sort of behaviour that leads to...
March 02, 2017, 04:57:05 AM
Don't get me wrong I like gold, I've been long gold and silver since 1996, the famous Goat got his gold high school training wheels from the mother-of-another in ye old kitco forum ...
... but time to move with times, gold has it's place, in history mostly and bitcoin is the future.
This. Same journey here.
It seems so long ago,
Some of us went long
Gold grew green candles
and was good to everyone
But this is twenty years later, and further, we are placing our chips today for the next ten.
March 02, 2017, 04:49:33 AM
woohooooo!!!! That £1k is a great milestone!!
March 02, 2017, 04:48:38 AM
wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
That's how it goes. When the price rises... BUY!
Meanwhile Coinfloor, the UK's biggest exchange and one of the only ones the bank's haven't hamstrung, is wavering at £999.
Looks like we'll take out the Gox ATH today, which will mean that no one who is holding a bitcoin will have lost money on that bitcoin. Gives you an insight into FOMO since everyone is winning.
Edit: just blew through £1k.
Can you explain this interesting post of you little bit since i lost almost all my bitcoins at that time on Gox how this i happening ? We already lost and we loose every single minute that the time passes and there is not pay out yet.... No matter the price we are going to suffer more or less and we do for the last 3 years almost...if they clear this out then all the community will be happier
March 02, 2017, 04:37:14 AM
wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
That's how it goes. When the price rises... BUY!
Meanwhile Coinfloor, the UK's biggest exchange and one of the only ones the bank's haven't hamstrung, is wavering at £999.
Looks like we'll take out the Gox ATH today, which will mean that no one who is holding a bitcoin will have lost money on that bitcoin. Gives you an insight into FOMO since everyone is winning.
Edit: just blew through £1k.
March 02, 2017, 04:26:57 AM
wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
the party is on people!! today maybe we pass gold price? as we speak gold price: 1,181.12 EURO with red flags:) and green for BTC
March 02, 2017, 04:22:34 AM
This might be the day btc price surpasses the goldprice. Exciting times.
March 02, 2017, 03:42:59 AM
do we get to pass 1000GBP today?
Depends where your buying from.They are paying over the odds at bitbargain
Heres a cut and paste from the cheapest coin going!
BTC Bank Transfer 0.25 £ 1075.00 £ 268.75
March 02, 2017, 02:59:20 AM
Today many of us seem to have a thousand reasons to be happy 
Good morning bitcoin land!
What i missed? i see price is ~1160€ .... boring ... we not at 2.000€ yet???
so that i missed to be also happy?
? 
March 02, 2017, 02:27:13 AM
Today many of us seem to have a thousand reasons to be happy
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