Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18021.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: ?? on ??

Wanna make $15k usd? Read white paper for syscoin and join us on slack at 12pm pst tom

I wipe my ass with $15K usd.... get the f-- outta here

Relax hero.. u dont like money thats fine. Im funding out of my own pocket.

I read Moby Dick for nothing once. For fifteen grand I'll read anything you want. I'll throw in my soul for free.

Heh cya there

I hope there won't be a test. I'm already bored. It's an alt coin Roll Eyes

Heh read the mechanism design part of the WP and i will prove to you the technology behind it

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: lemmyK on December 28, 2016, 09:57:57 PM

Quote from: JayJuanGee on December 28, 2016, 09:51:00 PM

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

The best part. Thus, from what we know so far about bitcoin and around it. Wink

--I believe that the pattern is a fairly pure representation of the psychology of large groups of independent speculators each attempting to act rationally trading a rapidly appreciating asset. The primary motivators of these movements are greed and fear and are fundamental to human nature. The bull run happens due to a tipping point of hype where greed and fear of missing out (FOMO) take hold and speculative fervor ensues. More speculators see this and jump on the bandwagon, accelerating the run. Eventually, the return for the initial speculators grows so large, their fear of losing the money they have earned outweighs their greed for more and they begin to sell. The price increase has been far too rapid to possibly be legitimate.--

You are quoting out of context.

The article describes points in which hype bubbles occur, and it is not asserting that bitcoin is generally in a bubble but instead that there have been 5 historical times in which bubbles have occurred, and he expects that pattern to repeat at least a couple or a few more times.. and we are not in such a bubble at the moment.. but it is not always clear when we are at the top of such a bubble when they do occur.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

"You scary!"

This one is scary!

Quote from: egghead123 on December 28, 2016, 10:28:33 AM

Because the projection would show the top being outside the chart...

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Paashaas on December 28, 2016, 09:39:44 PM

Mainstream media are hyping Bitcoin as a store of value

Cool! Links?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: Ibian on December 28, 2016, 08:37:26 PM

Quote from: HI-TEC99 on December 28, 2016, 07:52:33 PM

Quote from: yefi on December 28, 2016, 07:06:52 PM

Quote from: Lontonbit on December 28, 2016, 06:37:47 PM

I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!

1,000,000 = Satoshi
100,000 = Sea Monster
10,000 = Whale
1,000 = Shark
100 = Sturgeon
10 = Mackerel
1 = Sardine
0.1 = Plankton

Btw, did you say you were new here?

* yefi whips out his hazing stick

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

If you only have 0.01 by now then you will never make enough for anyone to notice or care. The upside is huge, but not THAT huge.

Yeah... right now (or let's say a few weeks ago), you should have started out with anywhere between 1 to 10 BTC minimum, and as the price goes up, you will be able to sell off some of them here and there in order to lock in profits or to spend some of it or to attempt to accumulate more, etc, etc.

And then maybe end up with 30 to 80% of your original holdings at various points down the road when prices are exponentially higher than they are now.. such as $10k for each coin or $100k each (if those kinds of price points are realized)

lemmyK

sr. member

Activity: 293

Merit: 250

Quote from: JayJuanGee on December 28, 2016, 09:51:00 PM

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

The best part. Thus, from what we know so far about bitcoin and around it. Wink

--I believe that the pattern is a fairly pure representation of the psychology of large groups of independent speculators each attempting to act rationally trading a rapidly appreciating asset. The primary motivators of these movements are greed and fear and are fundamental to human nature. The bull run happens due to a tipping point of hype where greed and fear of missing out (FOMO) take hold and speculative fervor ensues. More speculators see this and jump on the bandwagon, accelerating the run. Eventually, the return for the initial speculators grows so large, their fear of losing the money they have earned outweighs their greed for more and they begin to sell. The price increase has been far too rapid to possibly be legitimate.--

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

lemmyK

sr. member

Activity: 293

Merit: 250

http://www.zerohedge.com/news/2016-12-28/india-fears-run-banks-capital-controls-and-withdrawal-limits-continue

Bitcoin is brilliant but very fragile. if it had cost so why not accumulate him US government??. in difficult times will be difficult to live from Bitcoin.(after emp s) So the revenues from bitcoin YOU should be enjoy until you can change it to a fiat without problems..
One hacked exchange and we are back to 500..
Where you spend or put fiat changed from BT if the EU ban fiat income/transfer from bitcoin exchanges all form the world ?? Wink

http://bitcoinvision.net/blog/norway-bitcoin-foundation-loses-bank-account/

If this hypotetical situation occurs. (has moreover already threatened many times by the government in china)

Will you convert bt to fiat with a big loss in Indonesia or Macau ? or you buy a house or apartment for retirement. but you will not have enough fiat on daily spending. Cheesy

or you buy 1000 games on Steam Grin

and you will eat them for several years,pay doctor etc.. Grin

If converting to fiat will very limited worldwide because of the EU ban and other governments ban ... hmm?? Cheesy

where is 60 million fromBT exchange which has been hacked(inside job or us gov), and no one there start to investigate.

Paashaas

legendary

Activity: 3512

Merit: 4557

Mainstream media are hyping Bitcoin as a store of value and to shield themselfs for the current economic problems but warning uss for the volatile movements....hmmm, Bitcoin is ultimate by low sell high asset, traders love volatile Grin

I cant believe it, i'm rubbing my eyes a few times but almost $1000...we might see a acceptable dump during new years eve ore it coud blow up crushing the old ATH. Dumps ore buy-in tends to happen during times when people having a harder time to move fiat into the exchanges.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Torque on December 28, 2016, 08:14:52 PM

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle. These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

Yep. There also seems to be wide body of accepted thought now that bitcoin price will skyrocket to some new high and then crash back down again ... reduced supply and increased demand almost assure that the price seeks some new higher equilibrium. What would be the contrarian trade at this point is if bitcoin went to a new high ... and didn't crash but just plateaued, and stayed there.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: HI-TEC99 on December 28, 2016, 07:52:33 PM

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

lol, well, whatever they are, they're microscopic or submicroscopic.

r0ach

legendary

Activity: 1260

Merit: 1000

unknown04

full member

Activity: 219

Merit: 100

Art is the triumph over chaos

I felt stupid for not getting more bitcoins during the dip.... now it's almost $1k.... :cries:

HyphyBTC

newbie

Activity: 45

Merit: 0

Quote from: AZwarel on December 28, 2016, 08:47:12 PM

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

Some walls are put up to stall the price to give time for fiat deposits to show up, some walls are put up to gobble any coins front running to get more coins in a certain range, some walls are put up by buyers who want the effect of crossing $1000 to be bigger. It's either something like that or they are crazy.

Lionidas

hero member

Activity: 1008

Merit: 1012

Quote from: snipie on December 28, 2016, 07:40:11 PM

Quote from: AZwarel on December 28, 2016, 07:34:09 PM

Yeah, i have cheated, fall asleep at ~970$ in CNY. When i woke up, it only took 3 hours to reach the 1k$ Cheesy

was only off about 13 hours, not that bad.

The price didn't pass the $1k right?
Anyway i will Keep an eye on https://tradeblock.com/markets/stmp/xbt-usd/30m/
The Chinese exchanges gonna break the $1000 soon and guess who will follow them Wink

Go bitcoin you can do it before 2017

No it has gotten to $975 and holding right now.
Maybe by morning at this pace.

2017Bubble

full member

Activity: 121

Merit: 100

Quote from: AZwarel on December 28, 2016, 08:47:12 PM

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

The bigger the kaboom effect will be

AZwarel

sr. member

Activity: 401

Merit: 280

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: HI-TEC99 on December 28, 2016, 07:52:33 PM

Quote from: yefi on December 28, 2016, 07:06:52 PM

Quote from: Lontonbit on December 28, 2016, 06:37:47 PM

I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!

1,000,000 = Satoshi
100,000 = Sea Monster
10,000 = Whale
1,000 = Shark
100 = Sturgeon
10 = Mackerel
1 = Sardine
0.1 = Plankton

Btw, did you say you were new here?

* yefi whips out his hazing stick

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

If you only have 0.01 by now then you will never make enough for anyone to notice or care. The upside is huge, but not THAT huge.

AZwarel

sr. member

Activity: 401

Merit: 280

Quote from: Torque on December 28, 2016, 08:14:52 PM

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle. These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

Actually, there is a good explanation in the comments, where it is stated, that bitcoin follows this fractal cycle again and again because of inelastic supply (which is a built in function, and halvings are part of it).

That is why bitcoin can go through new cycles until it reaches the "vertical increase of majority adoption", as the supply (the production of the goods in increased demand) can not adopt to the change in demand, so, that is also an empiric evidence, that demand for bitcoin IS growing through time (since the creation of new bitcoins is at a predetermined, fixed rate, no matter the hash rate/demand increase on the long run, unlike other assets, so can not reach a stable marginal profit rate).

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: AZwarel on December 28, 2016, 07:46:03 PM

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle. These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18021. (Read 26611021 times)