Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18871.

AZwarel

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Merit: 280

Quote from: European Central Bank on May 08, 2016, 07:06:15 PM

Quote from: AZwarel on May 08, 2016, 06:30:18 PM

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:

I think guys like these are everywhere here and they're lost causes. They'll sell at $500-600 something. If that's the limits of their comprehension then so be it.

Agree. I start to realize, that most people posting mindless stuff around the forum (or r/Bitcoin) never even bothered to read/understand the White Paper - and surprisingly, this beloved Wall Observer is one of the best posting crowd (sic) around here, well except for the Technical Discussion part :-) . And they call themselves "investors".

Nor the "investors" ever visited a meet up/conference/ in person/online, watched a bitcoin tutorial like the Blackboard series, listened to a podcast like LetsTalkBTC, amused by an awesome Andreas speech, or even has any background knowledge about economics, finance, or the history of STEM.

Weird, so many will (not) telling the sad story to their grandchildren about the bitcoins he sold at 600$ back in 40 years ago, never could afford to buy back, while it could buy them something like an island for every offspring in the future today...

Blacula X

newbie

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Quote from: AZwarel on May 08, 2016, 06:30:18 PM

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:
< snip >

Cromulent, embiggening stuff. I laughed, I cried, I pooped myself a little.

@Jimbo: Oxymoron, isn't that the guy trying to boot percs?

JimboToronto

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You're never too old to think young.

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

Bear logic? Isn't that an oxymoron?

Fakhoury

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Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

Quote from: European Central Bank on May 08, 2016, 07:06:15 PM

Quote from: AZwarel on May 08, 2016, 06:30:18 PM

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:

I think guys like these are everywhere here and they're lost causes. They'll sell at $500-600 something. If that's the limits of their comprehension then so be it.

Well said and totally agree.

Fakhoury

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Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

Quote from: AZwarel on May 08, 2016, 06:30:18 PM

Quote from: r0ach on May 08, 2016, 02:53:10 AM

I read someone claim the last controversial ETF took seven years. It might be a couple years from now, or it could even occur in 2017. I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again. People would think that's kind of suspicious. If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:

Quote from: AZwarel on May 08, 2016, 06:08:05 PM

Quote from: Paashaas on January 19, 2016, 08:36:30 AM

Quote from: HarHarHar9965 on January 19, 2016, 08:06:13 AM

Quote from: jt byte on January 19, 2016, 06:45:21 AM

We will never hit 10k.
Bitcoin is not made to hit 10k or even 100k.

It's made for transactions and yes having a rise in the value is good, but not mandatory for bitcoin to succeed.

In coming few years I don't think that we'll reach 1000$, which means to reach 1000$ itself it may take some more years. So counting in such manner it may take some 30-40years to reach 10000$.....

Are both of you having a party? How many bottles of rum did you guy's consumed?

Yeah, that must be dirty rum. I am amazed as well about how they do not understand anything about the possibilities of Bitcoin and bitcoin at all.
This is a great post OP btw! I can finally ignore all noise accounts with ease! I just need to check for 2 keywords together in a reply: '10.000' +'never' =auto ignore :-D

Anyone who thinks 10.000$/BTC is unattainable, or it needs decades - hello, ever heard of exponentially growing network effect?? -, just have no clue about the economics of the world or suck at mathematics (real bad!!), or both. 10.000$/BTC equals at the max. of 21 million coins as ~210 billion dollars of market capitalization. Gold is a 7,5+ trillion dollar market today and it is basically useless in everyday economic activity, unlike bitcoin. Heck, a middle sized trust fund is bigger than 210 billion $.

All "skeptics" should check this out: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
It is an awesome and shocking graph about how small bitcoin is (like a small town's yearly budget).

Also:

Now tell us how bitcoin can't get above 1000$.

Thanks for sharing this post with us, AZwarel. Appreciated

Would you please tell us where you see Bitcoin in terms of price in the coming 10 - 15 years ?

Thanks again

2015Bubble

full member

Activity: 196

Merit: 100

oops dump

European Central Bank

legendary

Activity: 1288

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Quote from: AZwarel on May 08, 2016, 06:30:18 PM

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:

I think guys like these are everywhere here and they're lost causes. They'll sell at $500-600 something. If that's the limits of their comprehension then so be it.

AZwarel

sr. member

Activity: 401

Merit: 280

Quote from: r0ach on May 08, 2016, 02:53:10 AM

I read someone claim the last controversial ETF took seven years. It might be a couple years from now, or it could even occur in 2017. I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again. People would think that's kind of suspicious. If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.

That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:

Quote from: AZwarel on May 08, 2016, 06:08:05 PM

Quote from: Paashaas on January 19, 2016, 08:36:30 AM

Quote from: HarHarHar9965 on January 19, 2016, 08:06:13 AM

Quote from: jt byte on January 19, 2016, 06:45:21 AM

We will never hit 10k.
Bitcoin is not made to hit 10k or even 100k.

It's made for transactions and yes having a rise in the value is good, but not mandatory for bitcoin to succeed.

In coming few years I don't think that we'll reach 1000$, which means to reach 1000$ itself it may take some more years. So counting in such manner it may take some 30-40years to reach 10000$.....

Are both of you having a party? How many bottles of rum did you guy's consumed?

Yeah, that must be dirty rum. I am amazed as well about how they do not understand anything about the possibilities of Bitcoin and bitcoin at all.
This is a great post OP btw! I can finally ignore all noise accounts with ease! I just need to check for 2 keywords together in a reply: '10.000' +'never' =auto ignore :-D

Anyone who thinks 10.000$/BTC is unattainable, or it needs decades - hello, ever heard of exponentially growing network effect?? -, just have no clue about the economics of the world or suck at mathematics (real bad!!), or both. 10.000$/BTC equals at the max. of 21 million coins as ~210 billion dollars of market capitalization. Gold is a 7,5+ trillion dollar market today and it is basically useless in everyday economic activity, unlike bitcoin. Heck, a middle sized trust fund is bigger than 210 billion $.

All "skeptics" should check this out: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
It is an awesome and shocking graph about how small bitcoin is (like a small town's yearly budget).

Also:

Now tell us how bitcoin can't get above 1000$.

Blacula X

newbie

Activity: 42

Merit: 0

Quote from: adamstgBit on May 08, 2016, 05:48:59 PM

this is ridiculous, pop over 460 already.

The great psychological resistance @460. Once broken tho, smooth rocketing all the way to ... oh, 460.5, at least

Tzupy

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Activity: 2170

Merit: 1094

Quote from: adamstgBit on May 08, 2016, 05:48:59 PM

this is ridiculous, pop over 460 already.

Yes, this is ridiculous, unless something is fishy with the order book of the market leader, we should be already above 500$, yet we are not... Roll Eyes

adamstgBit

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Trusted Bitcoiner

this is ridiculous, pop over 460 already.

Tzupy

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Activity: 2170

Merit: 1094

Quote from: sniveling on May 08, 2016, 03:55:22 PM

Quote from: Tzupy on May 08, 2016, 02:33:19 PM

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Your bear logic on the night of May 5th didn't work. You said the 4.5k ask wall should hold, went to bed, and straight afterwards the price shot up over $15 while you slept. You left some guinea pigs to break resistance, and they did it. What if the guinea pigs do it again?

Quote from: Tzupy on May 05, 2016, 06:18:36 PM

Quote from: Holliday on May 05, 2016, 06:10:16 PM

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

Point taken. Bitfinex chose to follow the Chinese market leader, despite this:

I later opened a small long at 452$ and closed it a bit higher, I believe the market is now forming a triangle, and I'll buy back if it breaks up (but hope it will break down Grin

).

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: Tzupy on May 08, 2016, 02:33:19 PM

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

That doesn't really sound like "bear logic". Yeah, sure, even bears should recognize trends and difficulties going against trends, but predicting $700 after a dip seems a bit out of bear logic territory....

Next thing you know, after we do the little $700 cycle, you, Mr. Bear, will be predicting $10k... Cheesy

Ultrafinery

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https://twitter.com/SpondooliesTech/status/729268787120353280

So long, and thanks for all the fish Sad

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: Searing on May 08, 2016, 09:58:35 AM

Quote from: defined on May 08, 2016, 09:41:01 AM

Poll: 60 (65.2%) think bitcoin will break 480$ end of May. I hope it will reach it.

yeah 500 usd would be nice indeed.....I keep creeping up to 100 btc then I blow money on more miner crap...keeps slipping away....

(now back to 95 btc again)

yo/yo

but anyway the goal is 100 btc then the REST will pay down my equip debt till they doorstop...thus I can say I have 100 btc with XXX
invested (ouch) and instead say I have YYY invested (yea!) when the miners meet their doom as 'doorstops'

(mining with KNC Titans LTC still profitable at 14c kwh ...hard to believe but true)

but 500 usd .....would 'stoke' my feeble illusion and hope that 1000 usd btc is 'just around the corner' or in crypto BTC speak "Two more weeks" (tm BFL)

Are you really accounting for all of your costs?

In my accounting I count everything related to BTC - for example some credit card fees that I may have suffered due to my cashflow issues (and I am buying BTC), the fees get counted as BTC related.... Anyhow, with the amount of money that you have invested, in total, especially various mining costs, can you say that mining was probably a let down.. partly based on electricity costs, but also probably, you would need a lot larger operations to be really competitive with other larger scale miner operations?

I am taking it as a kind of given that probably, you would have had more BTC with that money you invested in mining operations, and probably your BTC portfolio would be in a better position... .. hindsight is 20/20, no? I am sure there is a bit of value with the learning experience from mining, too, no?

TReano

sr. member

Activity: 448

Merit: 256

BTC price looking great. Looks like people are just waiting for a pullback to jump in all the time.

Halving is going to be interesting. I expect a big red candle on that day since it's way too obvious.

AliceGored

member

Activity: 117

Merit: 10

Quote from: hdbuck on May 08, 2016, 02:10:01 PM

Quote from: becoin on May 08, 2016, 01:28:26 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.

You're still a noob, pumpy. Stick to eth pump thread!

kids these days. ¯\_(ツ)_/¯

Don't hate on the etherbutters, they've been doing yeoman's work on mopping up tx's and investment that can't fit in 1MB blocks, picking up demand that Bitcoin doesn't want. 10% of BTC's daily transactions and counting... it's a thankless job, but it helps keep BTC fees low while keeping rasb pi full economic nodes on dialup, safe.

sniveling

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Activity: 719

Merit: 250

Quote from: Tzupy on May 08, 2016, 02:33:19 PM

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Your bear logic on the night of May 5th didn't work. You said the 4.5k ask wall should hold, went to bed, and straight afterwards the price shot up over $15 while you slept. You left some guinea pigs to break resistance, and they did it. What if the guinea pigs do it again?

Quote from: Tzupy on May 05, 2016, 06:18:36 PM

Quote from: Holliday on May 05, 2016, 06:10:16 PM

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: Tzupy on May 08, 2016, 02:33:19 PM

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Sounds like a good idea, I'd probably be doing this if the price cracks $500.

In your opinion, though, how many corrections will we experience, and how severe will all of the corrections be? I might get in on some additional Bitcoin is the value goes down enough at parts.

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: adamstgBit on May 08, 2016, 01:22:13 PM

Quote from: Mrpumperitis on May 08, 2016, 12:56:57 PM

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

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