Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20363. (Read 26608292 times)
November 04, 2015, 09:58:26 AM
RIP sleep
November 04, 2015, 09:58:09 AM
That's just coinbase off the chain though.... what about all the other exchanges, "banks" and services like changetip?
November 04, 2015, 09:57:22 AM
Wences is one of the worst snake bit-oil peddlers out there.
He might be selling snake oil, but you're the manufacturer of snake oil.
November 04, 2015, 09:57:05 AM
Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.
Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.
Can't do much
Same here man.
November 04, 2015, 09:56:06 AM
There are only 14 million BTC out there, so if there were 15 million bitcoiners the average bitcoiner would have less than 1 BTC. Since the distribution is highly skewed, most of those "bitcoiners" would have to own only 0.01 BTC or less.
There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million. Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million. Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
Stolfi, you know damn well what you're typing IS snake oil. Off-chain transactions (i.e. exchanges and other such services) probably make up a far higher percent of volume than on-chain transactions. Nothing about Bitcoin being a preservation of wealth tool requires you to mindlessly send it back and forth to yourself all day long. Bitcoin's current state lends itself to functioning best as a checkbook type device you use to occasionally buy large value items like cars and houses.
Wrong.
https://www.coinbase.com/charts
November 04, 2015, 09:55:15 AM
November 04, 2015, 09:54:10 AM
so the number of bitcoiners is probably less than 450'000.
Define "Bitcoiners" as coinbase has 2.7 million KYC verified clients and 4.2 million accounts and they fall outside the jurisdiction of the largest bitcoin userbase. A conservative estimate would be 4-5 million minimum.
https://www.coinbase.com/about
November 04, 2015, 09:53:35 AM
500$ tonight, 600$ tomorrow, 700$ next day, 1000$ next week. Looks good to me. 
November 04, 2015, 09:53:01 AM
The main problem is if you make it as a gif, the interstitial will make it a lot bigger. It really wouldn't be terribly hard to create an actual movie from the data though.
Would it? Animated gifs have a "frame delay" parameter, so in theory you don't need to repeat frames in order to slow down an animation. (But I do not know whether browses pay attention to it.)
The extra frame isn't to slow it down, it's to smooth the animation. Instead of jumping from a 7am chart to an 8am chart, you would maybe insert charts for 7:15, 7:30 and 7:45 in between.
November 04, 2015, 09:52:58 AM
November 04, 2015, 09:51:21 AM
600 tomorrow
Possibly 700, the price keeps increasing exponentially. OKcoin said they had 24 people processing new KYC documents for new accounts, and it's the busiest they've ever seen. As more of those new customers money reaches exchanges the price will keep increasing faster and faster.
Im vote to $600 at next day
+10% at next day is enough,
i hope mre good news or other fundamental news to make bitcoin keep strong
November 04, 2015, 09:50:48 AM
Butthurt shorters not happy, what a surprise 
As for me I cant get the damn fiat in to the exchange quick enough.
As for me I cant get the damn fiat in to the exchange quick enough.
November 04, 2015, 09:50:37 AM
... OKcoin said they had 24 people processing new KYC documents for new accounts ...
Yup, sophisticated investors onboarding the MMM train
http://2.bp.blogspot.com/-ej9lMoJRer4/U013M5vdZUI/AAAAAAAABh4/ZXxqKSJHygI/s1600/slide03.png November 04, 2015, 09:49:26 AM
600 tomorrow
Possibly 700, the price keeps increasing exponentially. OKcoin said they had 24 people processing new KYC documents for new accounts, and it's the busiest they've ever seen. As more of those new customers money reaches exchanges the price will keep increasing faster and faster.
November 04, 2015, 09:48:52 AM
There are only 14 million BTC out there, so if there were 15 million bitcoiners the average bitcoiner would have less than 1 BTC. Since the distribution is highly skewed, most of those "bitcoiners" would have to own only 0.01 BTC or less.
There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million. Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million. Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
Stolfi, you know damn well what you're typing IS snake oil. Off-chain transactions (i.e. exchanges and other such services) probably make up a far higher percent of volume than on-chain transactions. Nothing about Bitcoin being a preservation of wealth tool requires you to mindlessly send it back and forth to yourself all day long. Bitcoin's current state lends itself to functioning best as a checkbook type device you use to occasionally buy large value items like cars and houses.
November 04, 2015, 09:48:27 AM
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
Agreed. Even if he believes it is likely , one should reframe from suggesting it and act more like Andreas Antonopoulos. I try and focus on the utility with new users like saving 15-30% off amazon and being able to send money with minimal to no fees.
Everybody's been here least once before
We've been here more.... it's a beautiful rise
We've been here more.... it's a beautiful rise
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
November 04, 2015, 09:48:23 AM
Quote
Wences Casares:
''It is hard to estimate how many people on bitcoins, but it may be somewhere between 13 and 15 million people right now. If Bitcoin is successful we will see hundreds of millions of people own Bitcoin and, eventually, billions. The only way we can get to billions of people owning Bitcoin is by the price going up by several orders of magnitude, let's say $ 1 million (but this is highly speculative and risky). So, if I am right, and Bitcoin has to go from $390 to $1,000,000 the best way for it to get there without crashing irreversibly is with as much volatility as possible. If bitcoin went up a couple percentage points every week and everybody began to think about it as a "sure" thing, investing money that was destined to pay for kids colleges or for retirement, that is a disaster waiting to happen price wise. Because when Bitcoin corrects those people have to sell because they cannot take more losses, potentially creating a vicious circle which is hard to reverse.''
''It is hard to estimate how many people on bitcoins, but it may be somewhere between 13 and 15 million people right now. If Bitcoin is successful we will see hundreds of millions of people own Bitcoin and, eventually, billions. The only way we can get to billions of people owning Bitcoin is by the price going up by several orders of magnitude, let's say $ 1 million (but this is highly speculative and risky). So, if I am right, and Bitcoin has to go from $390 to $1,000,000 the best way for it to get there without crashing irreversibly is with as much volatility as possible. If bitcoin went up a couple percentage points every week and everybody began to think about it as a "sure" thing, investing money that was destined to pay for kids colleges or for retirement, that is a disaster waiting to happen price wise. Because when Bitcoin corrects those people have to sell because they cannot take more losses, potentially creating a vicious circle which is hard to reverse.''
There are only 14 million BTC out there, so if there were 15 million bitcoiners the average bitcoiner would have less than 1 BTC. Since the distribution is highly skewed, most of those "bitcoiners" would have to own only 0.01 BTC or less.
There are only ~150'000 transactions issued per day, or ~4.5 million per month. If we count as bitcoiners only those people who issue a transaction at least once a month, there cannot be more than 4.5 million. Again, most of the transactions are generated by a small number of users, so the number of bitcoiners is probably less than 450'000.
Wences is one of the worst snake bit-oil peddlers out there. By talking about "1,000,000 $/BTC" as if it were an almost sure thing, he has definitely left the "salesman" land and crossed into "scam" territory.
That's not true, he said there is a change (20%) that bitcoin will collapse
November 04, 2015, 09:46:39 AM
600 tomorrow
Possibly 700, the price keeps increasing exponentially. OKcoin said they had 24 people processing new KYC documents for new accounts, and it's the busiest they've ever seen. As more of those new customers money reaches exchanges the price will keep increasing faster and faster.
November 04, 2015, 09:45:52 AM
testing 500 waters again soon, lets see what happens
November 04, 2015, 09:44:26 AM
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