(you know what comes next) 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20359. (Read 26608250 times)
November 04, 2015, 11:19:45 AM
November 04, 2015, 11:19:37 AM
So its current price is entirely speculative.
The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.
In a sane system, stock pay dividends and some worth can be assigned to a company based on actual returns.
However, as with so many other things, the government fucked that up and now a company that never returns anything of actual value to its shareholders can go through the roof. This suits the government which needs to find a sinkhole to dump its filthy fiat into.
Agreed... but stock owners are speculating on future dividend gains that may or may not be realized when they purchase stock. Just like with bitcoin. But unlike bitcoin, stocks have little use or utility while you own them. A lot of stock doesn't even allow you any voting power.
November 04, 2015, 11:19:21 AM
November 04, 2015, 11:19:07 AM
Here we go the next wave...
CCMF!!!!!!!!!!!!!!!
CCMF!!!!!!!!!!!!!!!
November 04, 2015, 11:17:41 AM
Only minutes left until a triangle should break either way, my money is on down.
It looked like breaking down, but didn't follow, now breaking up...
LOL i know eh, unbelievable!
November 04, 2015, 11:17:06 AM
November 04, 2015, 11:16:17 AM
Why Bitcoin's Growth is Normal & The S-Curves ... - YouTube
https://www.youtube.com/watch?v=qHUPPYzzZrI
https://www.youtube.com/watch?v=qHUPPYzzZrI
So, ya know how YouTube pushes ads at you, right? And they have some algorithm for which ads get pushed at which people, right? And that the advertisers get to pick the demographics for whom their ads will be pushed, right? In order to maximize return on advertising dollar, right? Due to the targeted audience being a likely purchaser of that product, right?
I clicked through the above link. The ad before the video was a Maserati ad. I've never before in my life seen a video ad for Maserati.
This is more than an omen - it is data mining at its most sophisticated.
Clickthrough from this thread > Bitcoin vid leads to upper-upscale auto ad.
This is gentlemen.
November 04, 2015, 11:16:09 AM
Only minutes left until a triangle should break either way, my money is on down.
It looked like breaking down, but didn't follow, now breaking up...
November 04, 2015, 11:16:05 AM
beginning of something nervousness. as if the 500 dollar limit any psychological obstacles. or just got tired at the moment.
I warn you that the fall can be so fast that you miss respond
I warn you that the fall can be so fast that you miss respond
500$ is another resistance but it will pass tonight. just wait for graphics to rest some. We'll move on a couple of hours later.
November 04, 2015, 11:15:56 AM
So its current price is entirely speculative.
The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.
In a sane system, stock pay dividends and some worth can be assigned to a company based on actual returns.
However, as with so many other things, the government fucked that up and now a company that never returns anything of actual value to its shareholders can go through the roof. This suits the government which needs to find a sinkhole to dump its filthy fiat into.
November 04, 2015, 11:13:06 AM
beginning of something nervousness. as if the 500 dollar limit any psychological obstacles. or just got tired at the moment.
I warn you that the fall can be so fast that you miss respond
I warn you that the fall can be so fast that you miss respond
November 04, 2015, 11:12:41 AM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
Do you know how "unhealthy and violent" 1-2% per day is/would be?
Let's take the square root of 2 for fun as the average: ~1.414%
(1 + ~1.414/100)^365 = ~16,800%
Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.
Plus pretty soon, everyone would think the constant rise was a sure thing and would be buying in and pushing the price up. It's not a stable solution.
November 04, 2015, 11:12:03 AM
1% per day demand is like asking Jared from Subway to cater your meeting with Bill Cosby.
Of course 1% a day is unlikely and an insane amount of growth.... I was simply suggesting that would be better for adoption than 10x gains within 1.5 months and violent crashes over and over... the bubbles are indeed unavoidable , especially since inflation is designed to radically decrease in steps and because of market psychology ..
It would be interesting to see in a parallel universe if there was steadier growth with more gradual disinflation as you are only dealing with media feedbackloops and market hysteria.
November 04, 2015, 11:12:03 AM
the dip hasn't even started yet.
I sold for 258, then rebought, then sold again. yes. but I didn't short till 305+. I don't want to be an inca one day. fast longs, and slow shorts. winning strategy for me.
I sold for 258, then rebought, then sold again. yes. but I didn't short till 305+. I don't want to be an inca one day. fast longs, and slow shorts. winning strategy for me.
The time to be a contrarian isn't in the face of a tidal wave of bullish buying, but at the end of a bear market when noone wants in. My only mistake was buying too few btc when we were at peak 'double digit coins'
November 04, 2015, 11:10:39 AM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
Do you know how "unhealthy and violent" 1-2% per day is/would be?
Let's take the square root of 2 for fun as the average: ~1.414%
(1 + ~1.414/100)^365 = ~16,800%
Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.
sounds about right
>32,000$ in <2 years
Where do I sign?
Greed is good. Sell your soul today.
November 04, 2015, 11:09:30 AM
November 04, 2015, 11:07:57 AM
1% per day demand is like asking Jared from Subway to cater your meeting with Bill Cosby.
November 04, 2015, 11:07:28 AM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
Do you know how "unhealthy and violent" 1-2% per day is/would be?
Let's take the square root of 2 for fun as the average: ~1.414%
(1 + ~1.414/100)^365 = ~16,800%
Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.
sounds about right
>32,000$ in <2 years
Where do I sign?
November 04, 2015, 11:06:38 AM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
ask and order is NOT like that.
like in industry, you have supply and ... maximum supply.
when order is high, price is high because of the max supply (per day).
nothing is more real than that is his world.
1-2% per day is a wrong idea of the bank brain cleanup.
I understand market psychology and that these bubbles are unavoidable... I just look forward to more stability in the future when inflation is low and market cap high.
November 04, 2015, 11:05:01 AM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
ask and order is NOT like that.
like in industry, you have supply and ... maximum supply.
when order is high, price is high because of the max supply (per day).
nothing is more real than that is his world.
1-2% per day is a wrong idea of the bank brain cleanup.
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