Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18088. (Read 26608495 times)
December 08, 2016, 07:52:14 AM
Bearstamp above finex. Absolutely critical.
December 08, 2016, 07:26:39 AM
Looks to me like we are getting close to a make or break point in the rally in the next couple of days.
The next 24 hours are critical?
December 08, 2016, 07:14:56 AM
Looks to me like we are getting close to a make or break point in the rally in the next couple of days.
December 08, 2016, 05:48:04 AM
I agree (up until we've passed the ATH, that is).
But that's a good thing... the harder some try to hold this thing down, the more power we have later for the rocket.
But that's a good thing... the harder some try to hold this thing down, the more power we have later for the rocket.
Indeed. The slower the rise above $1150 the better in a sense.
December 08, 2016, 02:18:30 AM
Archive ... but usefull.
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?
I would guess that it comes from dividing the marketcap number by 21 million.
I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though.
Well, the market capitalization of bitcoin is, by definition, the number of coins multiplied by price. In this case I think they just used the maximum number of coins that will ever exist, so $50/coin X 21M coins is ~1 billion dollar marketcap, and so on down the chart.
For the "present" / actual values that thing is 25% undervalued. Meaning you must add 25% for each price of btc for each billion market cap value attributed.
December 08, 2016, 01:56:08 AM
looks like $780 is all but done now ... cut your looses shorts.
$800 next stop.
$800 next stop.
780?
770 is resistance. You're assuming the bulls will blast through that?
Or maybe you're looking at a different exchange than the ones I look at?
any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up
bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771
which "genuine" exchange trades > 780 spot at this point?
I generally appreciate the contents of the posts of MOA, but this current assertion of "facts" and line of reasoning of his seems a bit wishful, fantastical and premature.
In my humble bumble opinion, we should get sufficiently above $780 (maybe even above $800) before we start characterizing $780 as a "done deal," and in that regard.. we seem to largely be teetering below $770... sure, we could just whiz by $770 and shoot past $800, but I think that many of us remain quite shell shocked from the past three years with the realization that there could be some hold out whales and hold out FUD and even a considerable amount of BTC shorting tools that can cause periods of considerable difficulties in getting passed certain price points, even though getting passed may currently seem kind of inevitable.
I agree (up until we've passed the ATH, that is).
But that's a good thing... the harder some try to hold this thing down, the more power we have later for the rocket.
December 07, 2016, 08:38:51 PM
http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?
Is there a possibility of this prediction to come true?
yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.
I was predicting a price of $750 for January 1 back in 2015.
https://bitcointalksearch.org/topic/predict-the-price-for-january-1-2017-1309383
your post predicting $750 on jan 1st 2017 was dated dec 30 2015, so fer shitz n giggles i looked up price for that day ....$433.00
holy shit man!! youre good!!
then again your spot on prediction as of today could turn out wrong... we got another 3 weeks for price to go haywire... this is bitcoin after all.
though i tend to believe come the 1st of year ..you nailed it dude.
Yep, 3 weeks is quite a long time in bitcoinlandia... ..
December 07, 2016, 08:36:24 PM
http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?
Is there a possibility of this prediction to come true?
yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.
2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:
Bitcoin Difficulty: 286,765,766,821
Estimated Next Difficulty: 309,172,039,310 (+7.81%)
Adjust time: After 1105 Blocks, About 7.1 days
Hashrate(?): 2,237,224,131 GH/s
All these mining data centers, are multi-million investments...
Can you give a better example? Let me see if I can attempt to relate this to bitcoin, a little bit.
If there is constant investment into something that adds up to something like $2 billion, even if the thing is not necessarily worth $2billion, it would still likely be worth more than $42 million (21 million x $2) because folks are willing to invest $2 billion.. so therefore maybe it is worth $1billion or $500 million, but not $42 million, right?
December 07, 2016, 08:10:47 PM
Archive ... but usefull.
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?
I would guess that it comes from dividing the marketcap number by 21 million.
I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though.
Well, the market capitalization of bitcoin is, by definition, the number of coins multiplied by price. In this case I think they just used the maximum number of coins that will ever exist, so $50/coin X 21M coins is ~1 billion dollar marketcap, and so on down the chart.
December 07, 2016, 08:00:20 PM
Archive ... but usefull.
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?
I would guess that it comes from dividing the marketcap number by 21 million.
I don't know enough about economics to know if that is a good way to calculate price. Thanks for sharing though.
December 07, 2016, 07:48:37 PM
Archive ... but usefull.
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
https://i.imgur.com/kJLuBLT.png
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?
I would guess that it comes from dividing the marketcap number by 21 million.
December 07, 2016, 07:29:49 PM
Archive ... but usefull.
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png
https://bitcointalksearch.org/topic/interesting-chart-price-per-bitcoin-vs-bitcoin-market-cap-1119926
Where did you get those price per bitcoin numbers from? It seems like some arbitrary value. Is it just made up?
December 07, 2016, 07:18:41 PM
http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?
Is there a possibility of this prediction to come true?
yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.
I was predicting a price of $750 for January 1 back in 2015.
https://bitcointalksearch.org/topic/predict-the-price-for-january-1-2017-1309383
your post predicting $750 on jan 1st 2017 was dated dec 30 2015, so fer shitz n giggles i looked up price for that day ....$433.00
holy shit man!! youre good!!
then again your spot on prediction as of today could turn out wrong... we got another 3 weeks for price to go haywire... this is bitcoin after all.
though i tend to believe come the 1st of year ..you nailed it dude.
December 07, 2016, 06:21:48 PM
December 07, 2016, 05:56:18 PM
yeah. you can mine all you want. if no one wants what you have then at least you're gonna keep warm while you burn your millions.
i've never understood the thinking that the price must be above what it costs to mine. your average trader and user doesn't know what the cost is and doesn't care on top. and i don't think exchanges are filled with miners desperately propping up the price. that would be an expensive hobby.
i've never understood the thinking that the price must be above what it costs to mine. your average trader and user doesn't know what the cost is and doesn't care on top. and i don't think exchanges are filled with miners desperately propping up the price. that would be an expensive hobby.
December 07, 2016, 05:52:31 PM
http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?
Is there a possibility of this prediction to come true?
yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.
2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:
Bitcoin Difficulty: 286,765,766,821
Estimated Next Difficulty: 309,172,039,310 (+7.81%)
Adjust time: After 1105 Blocks, About 7.1 days
Hashrate(?): 2,237,224,131 GH/s
All these mining data centers, are multi-million investments...
December 07, 2016, 05:26:23 PM
looks like $780 is all but done now ... cut your looses shorts.
$800 next stop.
。。。 that's not all the way true though. but one thing is always true if you wanna gain more in trading, which are not to sell all the bitcoins at this moment. $800 next stop.
December 07, 2016, 05:04:58 PM
http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?
Is there a possibility of this prediction to come true?
yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.
2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:
Dec 02 2016 286,765,766,821 1.76% 2,052,749,317 GH/s
Nov 18 2016 281,800,917,193 10.68% 2,017,209,539 GH/s
Nov 05 2016 254,620,187,304 0.40% 1,822,642,296 GH/s
Oct 22 2016 253,618,246,641 -1.90% 1,815,470,125 GH/s
Oct 08 2016 258,522,748,405 7.17% 1,850,577,916 GH/s
Sep 25 2016 241,227,200,230 6.82% 1,726,771,560 GH/s
Sep 12 2016 225,832,872,179 2.30% 1,616,574,667 GH/s
Aug 29 2016 220,755,908,330 1.56% 1,580,232,344 GH/s
Aug 15 2016 217,375,482,757 7.67% 1,556,034,316 GH/s
Aug 02 2016 201,893,210,853 -5.43% 1,445,207,896 GH/s
Jul 18 2016 213,492,501,108 0.04% 1,528,238,850 GH/s
Jul 04 2016 213,398,925,331 1.88% 1,527,569,009 GH/s
Bitcoin Difficulty: 286,765,766,821
Estimated Next Difficulty: 309,172,039,310 (+7.81%)
Adjust time: After 1105 Blocks, About 7.1 days
Hashrate(?): 2,237,224,131 GH/s
All these mining data centers, are multi-million investments...
December 07, 2016, 04:54:25 PM
looks like $780 is all but done now ... cut your looses shorts.
$800 next stop.
$800 next stop.
780?
770 is resistance. You're assuming the bulls will blast through that?
Or maybe you're looking at a different exchange than the ones I look at?
any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up
bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771
which "genuine" exchange trades > 780 spot at this point?
I generally appreciate the contents of the posts of MOA, but this current assertion of "facts" and line of reasoning of his seems a bit wishful, fantastical and premature.
In my humble bumble opinion, we should get sufficiently above $780 (maybe even above $800) before we start characterizing $780 as a "done deal," and in that regard.. we seem to largely be teetering below $770... sure, we could just whiz by $770 and shoot past $800, but I think that many of us remain quite shell shocked from the past three years with the realization that there could be some hold out whales and hold out FUD and even a considerable amount of BTC shorting tools that can cause periods of considerable difficulties in getting passed certain price points, even though getting passed may currently seem kind of inevitable.
December 07, 2016, 03:57:55 PM
looks like $780 is all but done now ... cut your looses shorts.
$800 next stop.
$800 next stop.
780?
770 is resistance. You're assuming the bulls will blast through that?
Or maybe you're looking at a different exchange than the ones I look at?
any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up
bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771
which "genuine" exchange trades > 780 spot at this point?
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