Enough said.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19927. (Read 26607959 times)
December 09, 2015, 07:09:12 PM
If all dollar millionaires would put in a small amount $10k into bitcoin at the same time, we'd look at prices at about $100k-$200k, because of the pump element.
Enough said.
Enough said.
December 09, 2015, 07:08:52 PM
Be sure to let us all know when the next top is in..
If you look at the long term charts, it was holding $600 for a while even after Gox with no halving on the horizon so getting to $600 won't be much of a problem. It's only after $600 pre-halving does it start to get unpredictable where it might go to something like $800 then dump back down to $600, or it might go all the way to something like $10,000 as talked about in this thread:
https://bitcointalksearch.org/topic/incoming-163000000000-market-cap-and-7700-coins-1235466
There's a lot of room for big gains and big shakeouts past $600, but until $600+ pre-halving, it's pretty routine.
If fiat does collapse to zero, I assure you the last thing on your mind will be bitcoin - it will be how the fuck am I going to survive this day?
No, it will actually be - "I wonder how much my Bitcoins are worth now."
December 09, 2015, 07:03:40 PM
@Richy_T ChartBuddy's halvening countdown is busted again 
Oops. I have to kill bitcoind or my work videophone craps out. Forgot to restart it. Thanks
December 09, 2015, 07:00:49 PM
December 09, 2015, 06:44:31 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
The easiest way to think abut what high is, is to talk about the market cap, not the price per BTC. Today's market cap (assuming 1-2M lost coins) is roughly $5.5B
$5.5B may be either very high or very low depending on what you are comparing Bitcoin to.
If you are looking at Bitcoin as a place for people to hid & protect wealth over $50T over the coming government and banking crisis, we have both high inflation and negative rates charged on bank deposits, then $5.5B is too small a number to absorb a fraction of that money.
December 09, 2015, 06:24:11 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.
looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).
Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.
Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.
Be sure to let us all know when the next top is in..
I can't tell you that, but I can tell you if it goes 10x avg price of this year it's a stupid buy.
December 09, 2015, 06:23:23 PM
$4,800.00 BTCitcoin for Christmas? I think so! 
*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.
P.S Next breakout @ 5:40 CST.
*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.
P.S Next breakout @ 5:40 CST.
Is that 12 hours time or 20 mins?? 1740 or 0540
December 09, 2015, 06:22:35 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.
looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).
Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.
Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.
Be sure to let us all know when the next top is in..
December 09, 2015, 06:04:46 PM
$4,800.00 BTCitcoin for Christmas? I think so!
*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.
P.S Next breakout @ 5:40 CST.
*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.
P.S Next breakout @ 5:40 CST.
December 09, 2015, 06:03:38 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.
looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).
Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.
Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.
December 09, 2015, 06:03:09 PM
Good to see 400 holding at the moment, we survived a half hearted attempt to dump below 400. Hopefully 400 can become the new bottom, that'd be really bullish as we head towards the halving in summer 2016.
December 09, 2015, 06:01:02 PM
December 09, 2015, 06:00:31 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.
looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).
December 09, 2015, 05:49:41 PM
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
buyer at 32$ ... have selling at 320$.
so, the next step /// buyer at 420$, selling at 4200$
December 09, 2015, 05:49:07 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
December 09, 2015, 05:47:13 PM
If you bought at $1,100.00 and managed to hold on to them all the way down, you're either a very long term believer in hodling, or you don't need to be trading.
Maybe some killed themselves and their bitcoin are still sitting in wallets, perhaps waiting to double in value next year?
It is called dollar cost averaging.
It is a mere fiction to believe any significant number of people bought at $1,100 and then just sat on their asses for 2 years.
I have already told various levels of details of my story many times in that I bought my first 1.24 BTC at $1500 which adds up to $1,200 per BTC.
I did not sit on my ass for two years, and now I have many more than 1.24 BTC and my average price per BTC, including various administrative costs and other related fees and expenses is considerably less than $1,200 per BTC.
So, let's get off of the fantastical and speculative topic about these supposed fictitious victims who bought BTC above $1,000
December 09, 2015, 05:46:26 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
December 09, 2015, 05:40:34 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
December 09, 2015, 05:37:12 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
December 09, 2015, 05:36:05 PM
If you bought at $1,100.00 and managed to hold on to them all the way down, you're either a very long term believer in hodling, or you don't need to be trading.
Maybe some killed themselves and their bitcoin are still sitting in wallets, perhaps waiting to double in value
You could've always shorted those coins on the way down from $1,100 to make some of it back, too. Now is the worst possible time to take out a long term short, btw. This rocket has refueled and is ready for launch.
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