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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20219. (Read 26611024 times)

legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Fatman, You bashed me relentlessly for having a homeless coffee tip address for ppl that can empathize...not for me but so you can do a good deed and you bashed me! Funny thing is you sit on here begging for pros advice which is much worse because the homeless person only wants a meal and you want an island of your own!
maybe you are blind and don't see it...


I appreciate the contributions of many and most of the people who regularly drops by this thread. I even enjoy reading what some of the self-professed "Pro Traders", who only come here to rape Bitcoin like some shitcoin, say.

And I have not attacked you relentlessly. I have given you plenty of opportunity to move on, but you insist on droning on about it. But again, look at how you talk about those homeless people who you claim to be the objects of your selfless compassion. Basically they're not as bad as me, but pretty bad. You wear your "charity credentials" like a fucking piece of jewelry, but your disdain for these people shines through in everything you've said here.

It disgusts me. You disgust me.

i disgust you? Your arguments have been weak...all the while begging the direction of some Hero members!

I have been calling this market since Mark K at Gox...show some respect!



You've been chanting "Ooooh, something's going to happen, but I ain't telling". I guess we're all oracles here then.

Not that it matters. Your use of other peoples misery to make yourself look good warrants no respect. It makes anything else you might have achieved null and void.

What??? Rotflmao! By forever on ignore!
hero member
Activity: 588
Merit: 500
thanks for the dom '04 pics, I'll pretend I'm drinking it while I'm drinking $3 wycliff and watching this shit storm.
legendary
Activity: 1708
Merit: 1049
What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.

There are around 180.000 tons of above ground (=mined) gold. This is 180.000.000kg / 15.000.000btc = a ratio of 12kg per 1 btc. Or 386 troy ounces per 1 btc.

People said "oh, hubris, 1 btc is priced like gold at 1200$" but there were like 11mn btcs and 5.7bn ounces of gold. If BTC was priced in the thousandths of the BTC, or if gold was priced by the kilogram, nobody would say anything. It's all perception.

Btw, that's the ratio right now. I'm not talking about what might be mined in the future, in either gold or btc.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Fatman, You bashed me relentlessly for having a homeless coffee tip address for ppl that can empathize...not for me but so you can do a good deed and you bashed me! Funny thing is you sit on here begging for pros advice which is much worse because the homeless person only wants a meal and you want an island of your own!
maybe you are blind and don't see it...


I appreciate the contributions of many and most of the people who regularly drops by this thread. I even enjoy reading what some of the self-professed "Pro Traders", who only come here to rape Bitcoin like some shitcoin, say.

And I have not attacked you relentlessly. I have given you plenty of opportunity to move on, but you insist on droning on about it. But again, look at how you talk about those homeless people who you claim to be the objects of your selfless compassion. Basically they're not as bad as me, but pretty bad. You wear your "charity credentials" like a fucking piece of jewelry, but your disdain for these people shines through in everything you've said here.

It disgusts me. You disgust me.

i disgust you? Your arguments have been weak...all the while begging the direction of some Hero members!

I have been calling this market since Mark K at Gox...show some respect!



You've been chanting "Ooooh, something's going to happen, but I ain't telling". I guess we're all oracles here then.

Not that it matters. Your use of other peoples misery to make yourself look good warrants no respect. It makes anything else you might have achieved null and void.
full member
Activity: 219
Merit: 100
What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.

there is a lot of gold in the universe,  but you'll never see it while alive

legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
hero member
Activity: 627
Merit: 500
Interesting idea. Thanks for posting this.


What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.
donator
Activity: 1722
Merit: 1036
hero member
Activity: 490
Merit: 500
What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.

How did you calculate this? What are the parameters to calculate this value? Even if we know everything, we don't know non-mined gold's quantity in the whole universe. BTC supply is already known and it's limited to 21 millions.
legendary
Activity: 1708
Merit: 1049
What is the true value of 1 bitcoin? Nobody knows.

1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Why is the price even going down now, shouldn't these idiots have sold at 450 +
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's Sad

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..One doesn't have to be too much of a conspiracy theorist to imagine of how the conversation and contract with a central bank would go..

not annihilate but manipulate...just like the metals but this can't be naked shorted like silver!

hero member
Activity: 490
Merit: 500
It's too hard to guess the direction with this volatility, I'm afraid to do any trades. I'm almost %100 BTC since the dump and I don't know what to do now.
hero member
Activity: 588
Merit: 500
If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's Sad

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..

That's their only hope... then I like our odds in the future. They will just delay the inevitable.
legendary
Activity: 1176
Merit: 1000
If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's Sad

I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..One doesn't have to be too much of a conspiracy theorist to imagine of how the conversation and contract with a central bank would go..
full member
Activity: 219
Merit: 100
it's going to $600

the rub is will it go to $200 first
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
not one exchange followed stamps on this move.

wait no btc-e also cracked below 300.
hero member
Activity: 588
Merit: 500
Can you two get a room already? Sheesh.

More important things like will $300 hold are happening.
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Fatman, You bashed me relentlessly for having a homeless coffee tip address for ppl that can empathize...not for me but so you can do a good deed and you bashed me! Funny thing is you sit on here begging for pros advice which is much worse because the homeless person only wants a meal and you want an island of your own!
maybe you are blind and don't see it...


I appreciate the contributions of many and most of the people who regularly drops by this thread. I even enjoy reading what some of the self-professed "Pro Traders", who only come here to rape Bitcoin like some shitcoin, say.

And I have not attacked you relentlessly. I have given you plenty of opportunity to move on, but you insist on droning on about it. But again, look at how you talk about those homeless people who you claim to be the objects of your selfless compassion. Basically they're not as bad as me, but pretty bad. You wear your "charity credentials" like a fucking piece of jewelry, but your disdain for these people shines through in everything you've said here.

It disgusts me. You disgust me.

i disgust you? Your arguments have been weak...all the while begging the direction of some Hero members!

I have been calling this market since Mark K at Gox...show some respect!

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