Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18745.

kehtolo

hero member

Activity: 707

Merit: 500

The BTCitcoin prayer.. Amen.

Quote from: Fakhoury on June 04, 2016, 09:29:58 PM

It's 4:16 A.M. here, the weather is hot, and the electricty is down so I can't turn the AC on and sleep, so I've browsed reddit as usual and came across a redditor asking whatever we can have $35K or not within 10 years from now or not.

There are kind of posts which really makes since, especially they are linked with math and numbers.

They come from brilliant minded people really (I don't want to name any as I don't want to forget anyone)

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

By foreseeing the future a bit, we can see not 5 or 10 million using Bitcoin, we are talking about 200 - 500 million or even 1 billion.

Our coin limit is 21 million, so in no way this 21 million will staisfy all the needs of the Bitcoiners, new and old ones.

So 1 Bitcoin will be something really BIG, and we will hear about mBit.

We shall not forget about the technical advancments we are witnessing, from block size solving to more privcy ... etc.

We are moving at the speed of Bitcoin, core devs are fantastic at their own job really and we didn't thank them enough yet.

They are the ones along others who are making HODLERS rich and hopefully filthy rich, if Allah (God) wanted.

To achieve $35K per coin, is nearlly $750 billion, I can see Bitcoin reaching 1 trillion.

As Gates said before, we tend to over estimate a new technology for the coming 2 years and under estimate it for the coming 10 ones.

Last but not least, Bitcoin will treat who hodls and believes in it gently.

Amen.

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

It's 4:16 A.M. here, the weather is hot, and the electricty is down so I can't turn the AC on and sleep, so I've browsed reddit as usual and came across a redditor asking whatever we can have $35K or not within 10 years from now or not.

There are kind of posts which really makes since, especially they are linked with math and numbers.

They come from brilliant minded people really (I don't want to name any as I don't want to forget anyone)

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

By foreseeing the future a bit, we can see not 5 or 10 million using Bitcoin, we are talking about 200 - 500 million or even 1 billion.

Our coin limit is 21 million, so in no way this 21 million will staisfy all the needs of the Bitcoiners, new and old ones.

So 1 Bitcoin will be something really BIG, and we will hear about mBit.

We shall not forget about the technical advancments we are witnessing, from block size solving to more privcy ... etc.

We are moving at the speed of Bitcoin, core devs are fantastic at their own job really and we didn't thank them enough yet.

They are the ones along others who are making HODLERS rich and hopefully filthy rich, if Allah (God) wanted.

To achieve $35K per coin, is nearlly $750 billion, I can see Bitcoin reaching 1 trillion.

As Gates said before, we tend to over estimate a new technology for the coming 2 years and under estimate it for the coming 10 ones.

Last but not least, Bitcoin will treat who hodls and believes in it gently.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

Quote from: kehtolo on June 04, 2016, 08:51:03 PM

I've seen this chart pattern before

Yea me too, in 2013. To the moon!

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: yefi on June 04, 2016, 05:56:26 PM

Quote from: pariahbit on June 04, 2016, 02:11:00 PM

You're mistaken. Sure, only up 1.37 % in the past 24 hrs, but taking into consideration the fact that ETH price has increased MORE THAN TENFOLD!!!1 Shocked

in 2016 alone, I consider that a minor setback

LMAO!

kehtolo

hero member

Activity: 707

Merit: 500

I called it too soon...

I've seen this chart pattern before, repeating itself... it's sideways for a few more hours then move..up or down.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

R3 Publishes Vitalik Buterin Report on Ethereum for Banks Cool

#trending

Quote

In his writing, Buterin identified the scalability of the Ethereum platform as a primary concern, though one that is being worked on by all innovators in the ecosystem.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: kehtolo on June 04, 2016, 08:37:48 PM

4000+ USD --- Incoming.

fyp

kehtolo

hero member

Activity: 707

Merit: 500

4000+ --- Incoming.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

China is hungry for coins this morning!

AZwarel

sr. member

Activity: 401

Merit: 280

Quote from: BitUsher on June 04, 2016, 08:00:46 PM

Quote from: DonQuijote on June 04, 2016, 06:07:51 PM

Do you think that eth is better than btc? (profitable)

The exchanges have already purchased their ETH tokens to front run to late investors. Eth will likely slowly capitulate assisted in part by the DAO selling off eth for fiat. None of this is surprising to those who have been around for some time.

Remember when Bitshares (now ranked 15th), and NXT (now ranked 19th) were going to supposedly takeover because they were superior, had more features, were faster, and represented Crypto 2.0?

Another premined ICO POS(eventually) alt.

What is going to overtake Ethereum for #2 in time ? I expect some corporate token backed by a larger company to demote ethereum with time. Think Paycoin 3.0, but with the backing of MSFT/IBM or some other bank or larger company.

Exactly. Network effect > technicalities*. Bitcoin will integrate and scale up to any useful "altcoin" tech, simply because 90%+ of the investment (both $ wise and knowledge wise(!)) had been already dedicated to the Bitcoin network. Network effect also says, that it does not make sense to start over learning the workings/coding of a system just because it is better at release, it takes way too much work. It is more reasonable to upgrade/tweek the most used system atm.

Just check out that lighting network solution (Thunder), which can solve the payment channel scaling problem (so blocksize is a smooth problem, and the currency usage won't be clogged by it). Or the fact that Bitcoin is a dumb network, which is actually good - the internet is build on a very dumb package routing network as well, and see what it made available!. The fact that etherium is Turing-complete is actually a really hard concrete wall in layer introduction!

* the people factor means more than technical facts. There a few (ten?)thousand ppl on Earth, who understands cryptos by a technical standpoint, and there are billions, who could/can/would use it, and the one which is sorta became to be recognized after 7 years is bitcoin only, and the merchant - day-to-day usage - is only existing for bitcoin as well. We do not need perfect, just "good enough"* by A.M.A

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: BitUsher on June 04, 2016, 08:00:46 PM

Quote from: DonQuijote on June 04, 2016, 06:07:51 PM

Do you think that eth is better than btc? (profitable)

The exchanges have already purchased their ETH tokens to front run to late investors. Eth will likely slowly capitulate assisted in part by the DAO selling off eth for fiat. None of this is surprising to those who have been around for some time.

Remember when Bitshares (now ranked 15th), and NXT (now ranked 19th) were going to supposedly takeover because they were superior, had more features, were faster, and represented Crypto 2.0?

Another premined ICO POS(eventually) alt.

What is going to overtake Ethereum for #2 in time ? I expect some corporate token backed by a larger company to demote ethereum with time. Think Paycoin 3.0, but with the backing of MSFT/IBM/Goog/Apple or some other bank or larger company. One of these may actually overtake Bitcoin . I won't touch it but being able to bootstrap to their extremely large client base could be very beneficial.

For a fancy house I'll take it.

AZwarel

sr. member

Activity: 401

Merit: 280

You know what to do...

2015Bubble

full member

Activity: 196

Merit: 100

pumping to 600? Cool

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: DonQuijote on June 04, 2016, 06:07:51 PM

Do you think that eth is better than btc? (profitable)

The exchanges have already purchased their ETH tokens to front run to late investors. Eth will likely slowly capitulate assisted in part by the DAO selling off eth for fiat. None of this is surprising to those who have been around for some time.

Remember when Bitshares (now ranked 15th), and NXT (now ranked 19th) were going to supposedly takeover because they were superior, had more features, were faster, and represented Crypto 2.0?

Another premined ICO POS(eventually) alt.

What is going to overtake Ethereum for #2 in time ? I expect some corporate token backed by a larger company to demote ethereum with time. Think Paycoin 3.0, but with the backing of MSFT/IBM/Goog/Apple or some other bank or larger company. One of these may actually overtake Bitcoin . I won't touch it but being able to bootstrap to their extremely large client base could be very beneficial.

kehtolo

hero member

Activity: 707

Merit: 500

Oh Yeah...

Green candle time again...

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

Last chance to buy under 600?

nioc

legendary

Activity: 1624

Merit: 1008

R0ACH ofc it's going to $1200, but when?

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: GreekGeek on June 04, 2016, 06:18:20 PM

Quote from: JayJuanGee on June 04, 2016, 03:39:36 PM

Quote from: GreekGeek on June 04, 2016, 12:41:54 PM

Thanx for the drop ~~guys~~ bears

I am all in ! Cool

now CCMF!

[img]trains, rockets, etc. [img]

Frequently, it is a better practice to hold a small percentage of your total holdings in fiat.

While my BTC portfolio was in the red, I remained considerably hesitant to hold very high of a percentage in fiat. I suppose that was largely because I was predicting and anticipating upward's price movement, and plus that seemed to be the more prudent practice. Accordingly in about the past several months, I was mostly aspiring towards keeping my portfolio about 95% BTC and 5% fiat.

With price movements, my allocation tended to vary, and when BTC prices went up from $403 to $470 with barely any corrections, my allocation went from approximately 96% to about 92% BTC. Thereafter, when the price corrected back down to about $435 on three occasions, I kind of ended up over doing the rebuying of BTC and my portfolio went to about 98% BTC / 2% fiat.

Currently, because of a lot of the upwards price movement and some of the recent small corrections, I am a little bit unclear about my exact allocations, but I would estimate it to be around 93% BTC and 7% fiat. In about the past week, I have been considering ways to attempt to reallocate over time in such a way that at least over the possible upcoming BTC price fluctuations, my BTC portfolio will largely remain between 85% and 95% - with a kind of target of 90%. I think that I could probably manage keeping such an allocation at least while BTC prices are anywhere between about $400 and $2,200. If BTC prices go outside of that range any time in the near future, I will likely need to reconsider my thoughts about my allocation.

Of course, each person is going to come to their own conclusions regarding how to allocate in accordance with their personal circumstances and view of the future BTC price direction (whether long-term or short-term).

DUDE ! I was 75% long when the price was ~400 usd . I am expecting the price to be 800 usd by the time halving occurs. and I will hold even then.... My stop loss is very low (-40%) . I'm in for the long run (and drunk right now...) My guess is you would have the same attitude if you first bought @ 3 usd per bitcoin... Cool

NO PAIN , NO GAME (or gain in our case...)

Yeah... sure...

Each of us needs to find an allocation comfort zone that works for his/her situation. I am making a suggestions regarding means not to treat the investment as a gamble, but also to protect value for downside. Also, I am not necessarily talking about your specific situation nor attempting to give advice because those are your decisions to make for yourself.

I agree that your framing of your portfolio would likely be different from someone else if your average cost per BTC is really low or close to zero as compared with someone who is either in the red or barely in the black.

My personal portfolio is anywhere between 22% to 28% in profits depending on how to calculate the various holdings, as compared with the large majority of my time with bitcoin in which my holdings were largely in the red.

Also, possibly age can also make a difference or if a persona is merely reinvesting profits as compared with attempts to continue to bring down his/her costs per BTC and/or to accumulate more BTC.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: TERA on June 04, 2016, 04:47:46 PM

Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down?

Good job not buying before it went up. Now you've turned into a peasant trying to beg for somebody to dump coins on you at a lower rate. Even the most annoying bears in the world now like MatTheCat are saying it's going over $1200.

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: JayJuanGee on June 04, 2016, 03:39:36 PM

Quote from: GreekGeek on June 04, 2016, 12:41:54 PM

Thanx for the drop ~~guys~~ bears

I am all in ! Cool

now CCMF!

[img]trains, rockets, etc. [img]

Frequently, it is a better practice to hold a small percentage of your total holdings in fiat.

While my BTC portfolio was in the red, I remained considerably hesitant to hold very high of a percentage in fiat. I suppose that was largely because I was predicting and anticipating upward's price movement, and plus that seemed to be the more prudent practice. Accordingly in about the past several months, I was mostly aspiring towards keeping my portfolio about 95% BTC and 5% fiat.

With price movements, my allocation tended to vary, and when BTC prices went up from $403 to $470 with barely any corrections, my allocation went from approximately 96% to about 92% BTC. Thereafter, when the price corrected back down to about $435 on three occasions, I kind of ended up over doing the rebuying of BTC and my portfolio went to about 98% BTC / 2% fiat.

Currently, because of a lot of the upwards price movement and some of the recent small corrections, I am a little bit unclear about my exact allocations, but I would estimate it to be around 93% BTC and 7% fiat. In about the past week, I have been considering ways to attempt to reallocate over time in such a way that at least over the possible upcoming BTC price fluctuations, my BTC portfolio will largely remain between 85% and 95% - with a kind of target of 90%. I think that I could probably manage keeping such an allocation at least while BTC prices are anywhere between about $400 and $2,200. If BTC prices go outside of that range any time in the near future, I will likely need to reconsider my thoughts about my allocation.

Of course, each person is going to come to their own conclusions regarding how to allocate in accordance with their personal circumstances and view of the future BTC price direction (whether long-term or short-term).

DUDE ! I was 75% long when the price was ~400 usd . I am expecting the price to be 800 usd by the time halving occurs. and I will hold even then.... My stop loss is very low (-40%) . I'm in for the long run (and drunk right now...) My guess is you would have the same attitude if you first bought @ 3 usd per bitcoin... Cool

NO PAIN , NO GAME (or gain in our case...)

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18745. (Read 26710193 times)