We should see a new market cap ATH soon, was it around 13b?
I'm sure I remember seeing 17b in 2013
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18591. (Read 26644447 times)
June 18, 2016, 05:11:25 AM
I'm sure I remember seeing 17b in 2013
June 18, 2016, 05:03:58 AM
We should see a new market cap ATH soon, was it around 13b?
In Bitcoin, soon© is as variable in time as Microsoft minutes are.
https://coinmarketcap.com/currencies/bitcoin/ (the blue line)
June 18, 2016, 04:56:44 AM
We should see a new market cap ATH soon, was it around 13b?
June 18, 2016, 04:49:43 AM
Bitcoin Block Reward Halving Countdown:
Only 22 more days!
Reward drop ETA: Sun, 10 Jul 2016 10:44:06 GMT
Only 22 more days!
Reward drop ETA: Sun, 10 Jul 2016 10:44:06 GMT
June 18, 2016, 04:25:05 AM
There used to be so many bears in here. What happened to them? Identity crisis?
June 18, 2016, 04:04:18 AM
1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.
100%: this analysis is bullshit
actually i completely agree with this.
June 18, 2016, 04:02:09 AM
once we hit
747
this thing is going to take off.
747
this thing is going to take off.
Passengers of the last (and doomed
) flight please return to the lounge, takeoff is delayed by a couple of hours. 
June 18, 2016, 03:53:04 AM
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news.
... It has nothing to do with trading. It's just the emotions I feel.
Yes ... but the emotion tells me that it will not go to 1$ as you said ...
it is like trying to bring back a rocket from space with no fuel left in the reservoir for the return.
The emotional value is the value that satisfies the perceived acceptable spending power of 1% that one has and considers it satisfying/minimum loss!
June 18, 2016, 03:08:15 AM
I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities:
1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.
100%: this analysis is bullshit
June 18, 2016, 02:44:15 AM
I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities:
1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.
June 18, 2016, 02:18:26 AM
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news.
June 18, 2016, 02:14:36 AM
i feel like the ethereum drama damaged the whole crypto space, despite everyone in the bitcoin community seeming so delighted.
maybe we're still in a rally idk. i hope so. though i would also be delighted to chill in the 700s for a few weeks
maybe we're still in a rally idk. i hope so. though i would also be delighted to chill in the 700s for a few weeks
June 18, 2016, 02:08:10 AM
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news.
June 18, 2016, 02:01:02 AM
How much fiat will it take to get us to $3k?
somewhere around 47-48 billion dollars in market cap for 15.700.000 - 15.800.000 coins.
But you can find out by basically multiplying 3000$ x [number of coins] = market cap .... but that is not exactly necessarily! ... Because if the markets want 2000$ for 1BTC ... then they will keep that price with less money in the system or more money in the system. Meaning supply&demand rules do not always apply! ... Meaning someone will make someone else lose money or coins for the love of speculation.
Basically there can be 20 billion in the system but only 10 billion are accounted. Also the exchanges bleed an amount of the user's fiat with the transaction fees.
Mostly it is a very emotional process setting the price. And example would be if there are only 19 million BTC in the system and 17 million are not transactioned ... that created a limit of 2 million coins for that 20 billion $ in the system. So you will do that 20.000.000.000 $ (divided by) / 2.000.000 BTC (coins) = [value per coin] 10.000$ ... if only 2 million coins are used in a 20 billion $ market cap ..
Does this help you understand better in the future so you can calculate on your own?
June 17, 2016, 11:38:42 PM
No one wanted to buy @ 730 but they'll gladly buy at $25+ more here in a bit
June 17, 2016, 11:36:50 PM
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
It is only human nature, it is why opportunities are created in times of extreme greed as well as extreme fear.
I would gladly take trading on the OTC markets over Finex,Huobi and Okcoin
at least the OTC is not working to manipulate the price like these exchanges probably are. June 17, 2016, 11:32:31 PM
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
June 17, 2016, 11:31:28 PM
Our Chinese overlords may be trying to pump it here
June 17, 2016, 11:30:33 PM
is this upcoming auction going to have much of an effect?
i'm just curious as to what you guys think as i dont see it mentioned much in here...
http://www.cnbc.com/2016/05/30/australia-to-auction-115-million-confiscated-bitcoins.html
i'm just curious as to what you guys think as i dont see it mentioned much in here...
http://www.cnbc.com/2016/05/30/australia-to-auction-115-million-confiscated-bitcoins.html
nice pump and dump the day of or after.
past auctions have pumped prices and then after price got dumped
but that was during a bear market.
This isn't a huge amount of coins ( its like half the size of the ?3? FBI auction ) so it might just lead to good press and not much else.
I actually think it is very positive news, beyond the actual auction. Australia basically gives Bitcoin it's stamp of approval by selling these confiscated bitcoins. Long term this can only be good for Bitcoin + it is a rather trivial amount of coins.
This is actually good for Bitcoion.
Well said, mate.
there was an auction of the shanyflakes bitcoins made some time this was also very sick
June 17, 2016, 11:27:14 PM
is this upcoming auction going to have much of an effect?
i'm just curious as to what you guys think as i dont see it mentioned much in here...
http://www.cnbc.com/2016/05/30/australia-to-auction-115-million-confiscated-bitcoins.html
i'm just curious as to what you guys think as i dont see it mentioned much in here...
http://www.cnbc.com/2016/05/30/australia-to-auction-115-million-confiscated-bitcoins.html
nice pump and dump the day of or after.
past auctions have pumped prices and then after price got dumped
but that was during a bear market.
This isn't a huge amount of coins ( its like half the size of the ?3? FBI auction ) so it might just lead to good press and not much else.
I actually think it is very positive news, beyond the actual auction. Australia basically gives Bitcoin it's stamp of approval by selling these confiscated bitcoins. Long term this can only be good for Bitcoin + it is a rather trivial amount of coins.
This is actually good for Bitcoion.
Well said, mate.
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