Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17833.

Biodom

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Activity: 3892

Merit: 4331

Quote from: rjclarke2000 on January 22, 2017, 04:30:53 PM

Quote from: 600watt on January 22, 2017, 04:20:24 PM

Quote from: becoin on January 22, 2017, 04:14:42 PM

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

This is a great fact.

Half of 1.4 million Chinese millionaires want to leave China within 5 years, not sure if it would be possible, though.
All millionaires =58.7 trillion in wealth.
http://money.cnn.com/2016/06/23/news/economy/asian-millionaires-wealth/
Even if they allocate just 1% to bitcoin (a fraction of gold), bitcoin's market cap would be 587 bil or currently about $36400/btc.
Chinese exchanges discussing starting trading in mBTC (1/1000) is a first step.
https://twitter.com/bobbyclee/status/823000703660457986
At some point even millionaires will be reduced to buying fractions of btc, if btc will remain the main crypto.

Torque

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Quote from: 600watt on January 22, 2017, 04:47:49 PM

Quote from: rjclarke2000 on January 22, 2017, 04:30:53 PM

Quote from: 600watt on January 22, 2017, 04:20:24 PM

Quote from: becoin on January 22, 2017, 04:14:42 PM

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

This is a great fact.

thanks for the reply. most of the times people reply something like: "why would every millionaire want a bitcoin?" but it is fact and it doesn´t matter how much $ they would want want to pay for that one bitcoin. there will never be enough, even when worth a million $... Wink

Perhaps one day a bitcoin will be to the rich like a single share of BRK.A stock. I'm sure those shares are likely highly coveted now amongst them.

My father talks all the time about how he and his friends in the early 90s would moan that a single BRK.A share was "overpriced" and "overvalued" at mid- quadruple digits... then watched in horror as the shares went into mid- quintuple digits just a decade later. Now they are at $240K/ share, LOL.

My dad's also salty about passing on heavily investing in Microsoft in the 80's.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: rjclarke2000 on January 22, 2017, 04:30:53 PM

Quote from: 600watt on January 22, 2017, 04:20:24 PM

Quote from: becoin on January 22, 2017, 04:14:42 PM

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

This is a great fact.

thanks for the reply. most of the times people reply something like: "why would every millionaire want a bitcoin?" but it is fact and it doesn´t matter how much $ they would want want to pay for that one bitcoin. there will never be enough, even when worth a million $... Wink

rjclarke2000

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Quote from: 600watt on January 22, 2017, 04:20:24 PM

Quote from: becoin on January 22, 2017, 04:14:42 PM

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

This is a great fact.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: becoin on January 22, 2017, 04:14:42 PM

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: JimboToronto on January 22, 2017, 02:54:52 PM

Quote from: Fatman3001 on January 22, 2017, 02:28:14 PM

Heh... I finally made Jiimbo crack

Crack? Sorry, I don't do that.

Cheesy

___________

Meanwhile, we still have about 4 hours left to go up another $3 and put today's candle back to green again.

Recall that this is Sunday...... Therefore, both Daily and weekly candles are closing in a bit less than 3 hours, as I type...

Quote from: Clement Kaliyar on January 22, 2017, 03:46:42 PM

With China being a sensitive market i do expect that every rumors and news could impact the price of bitcoin and despite all that i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,initally i was worried when the price breached the $800 mark but with the recover i do expect it will be like this for some time.

We seem to continue to have some decent upwards price pressures, and likely a bit of ongoing uncertainties regarding whether price can hold at these levels or break through $1k - if we get into those territories and maybe even passionate desires to either breach $1k on the one side and to keep prices below $1k on the other side.

With all of this, I anticipate our price bouncing range to be a bit broader than what you have indicated... maybe $800 to $1k, and I would be less surprise with a breaking of the price above the range rather than a breaking below this price range.

Bitcoinb0b

newbie

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ayy lmao its goin up

Clement Kaliyar

hero member

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With China being a sensitive market i do expect that every rumors and news could impact the price of bitcoin and despite all that i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,initally i was worried when the price breached the $800 mark but with the recover i do expect it will be like this for some time.

JimboToronto

legendary

Activity: 4200

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You're never too old to think young.

Quote from: Fatman3001 on January 22, 2017, 02:28:14 PM

Heh... I finally made Jiimbo crack

Crack? Sorry, I don't do that.

Cheesy

___________

Meanwhile, we still have about 4 hours left to go up another $3 and put today's candle back to green again.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: JimboToronto on January 22, 2017, 02:11:20 PM

Quote from: rogerwilco on January 22, 2017, 12:59:46 PM

Quote from: JimboToronto on January 22, 2017, 12:04:16 PM

I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though.

They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear. Grin

https://www.youtube.com/watch?v=i1egScqWtlY

LOL I could never understand why they seem to fixate on "about" and not on other "-out" words.

They never talk about us going "oot" far a walk, having a summer "droot" or enjoying a nice cold Guinness "stoot".

Isn't that the Scottish pronunciation?

Wink

Heh... I finally made Jiimbo crack

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Ibian on January 22, 2017, 10:36:16 AM

Bored. So bored. Not buying until around $800, and nothing below 1k excites me.

Trade smaller amounts and in smaller increments in order to entertain yourself...

So for example if you had planned to buy $1k at $800 and sell $1k at $1k, instead plan to buy $200 at $900 and sell $200 at $940... Of course, you would tailor these numbers to your own actual situation But whatever are your actual numbers, lowering the amounts and the increments will put you back in the game more quickly and most likely remove some of your boredom..

Your welcome.. hahahaha

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Fatman3001 on January 22, 2017, 02:11:13 PM

When in Rome

...speak Italian.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: rogerwilco on January 22, 2017, 12:59:46 PM

Quote from: JimboToronto on January 22, 2017, 12:04:16 PM

I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though.

They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear. Grin

https://www.youtube.com/watch?v=i1egScqWtlY

LOL I could never understand why they seem to fixate on "about" and not on other "-out" words.

They never talk about us going "oot" far a walk, having a summer "droot" or enjoying a nice cold Guinness "stoot".

Isn't that the Scottish pronunciation?

Wink

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: rogerwilco on January 22, 2017, 12:59:46 PM

Quote from: JimboToronto on January 22, 2017, 12:04:16 PM

Quote from: Fatman3001 on January 22, 2017, 11:52:23 AM

I only remember your diesel generator in the woods stories. You don't talk too much aboot your daily life in Toronto.

I have dual citizenship: country slicker and city bumpkin.

That's one of the reasons for my higher than average security measures. People know I'm often away for days or weeks at a time.

I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though.

They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear. Grin

https://www.youtube.com/watch?v=i1egScqWtlY

When in Rome

petahashminer

legendary

Activity: 1890

Merit: 1037

I think that OKCoin, Huobi & BTCC announments of charging trading fees will have a positive impact on btc price. At least we will not see any fake volumes of btc of these markets.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: JimboToronto on January 22, 2017, 11:53:26 AM

Quote from: gembitz on January 22, 2017, 11:44:57 AM

n00b! ===> https://www.egifter.com/giftcards/ebay-gift-card

Wink

:: *shipping*

Only one problem:

Quote

Valid for use in the United States only

And only up to $25? What a joke.

rogerwilco

member

Activity: 107

Merit: 10

Quote from: JimboToronto on January 22, 2017, 12:04:16 PM

Quote from: Fatman3001 on January 22, 2017, 11:52:23 AM

I only remember your diesel generator in the woods stories. You don't talk too much aboot your daily life in Toronto.

I have dual citizenship: country slicker and city bumpkin.

That's one of the reasons for my higher than average security measures. People know I'm often away for days or weeks at a time.

I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though.

They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear. Grin

https://www.youtube.com/watch?v=i1egScqWtlY

Tmdz

hero member

Activity: 1008

Merit: 1000

Quote from: 600watt on January 22, 2017, 10:43:58 AM

wait a second! major news concerning the big three chinese exchanges with unclear consequences and price DOES NOT TANK 30% IMMEDIATELY? and where was the insider trading on this one?

superfuckin´bullish as fuck! Cool

You can thank the PBoC for returning price controls back to the rest of the world.

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: yefi on January 22, 2017, 12:40:56 PM

I'm actually quite excited to see what China's trade volume will be like when fees are introduced on the 24th.

I'm guessing 3.

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