Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20364. (Read 26608321 times)
November 04, 2015, 09:45:52 AM
testing 500 waters again soon, lets see what happens
November 04, 2015, 09:44:26 AM
November 04, 2015, 09:44:21 AM
Go ahead, party... You think you've already won, but you haven't 
Get back is gonna be sweet...
Get back is gonna be sweet...
I'm not looking forward to your probable behaviour if this takes a swing in the opposite direction
November 04, 2015, 09:44:09 AM
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
November 04, 2015, 09:43:36 AM
600 tomorrow
November 04, 2015, 09:43:27 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.
November 04, 2015, 09:43:16 AM
November 04, 2015, 09:42:34 AM
Go ahead, party... You think you've already won, but you haven't
http://i160.photobucket.com/albums/t166/Sharkfreak06/ahp-711-2.jpg
Get back is gonna be sweet...
http://i160.photobucket.com/albums/t166/Sharkfreak06/ahp-711-2.jpg
Get back is gonna be sweet...
November 04, 2015, 09:41:11 AM
So BFXdata.com is offline for quite some time. Could it be perhaps that someone is taking a massive long or short position that they don't want the rest of the market to see?
more likely a DDOS from traders clicking f5
November 04, 2015, 09:40:20 AM
So BFXdata.com is offline for quite some time. Could it be perhaps that someone is taking a massive long or short position that they don't want the rest of the market to see?
relax! will you? you will get a chance to close your short soon enough.
November 04, 2015, 09:39:56 AM
November 04, 2015, 09:38:47 AM
So BFXdata.com is offline for quite some time. Could it be perhaps that someone is taking a massive long or short position that they don't want the rest of the market to see?
November 04, 2015, 09:38:34 AM
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
it depends on the auction price. when you can easily buy auction coins and sell them with profit the same moment at finex etc then the price will more or less match the finex etc price. its a way of arbitrage.
November 04, 2015, 09:38:29 AM
Well, that was a cute little correction... $600 by the end of the day? I want another million.
November 04, 2015, 09:38:25 AM
November 04, 2015, 09:37:47 AM
You are using logic that you will forever regret.... just when exactly do all the indicators tell all the smart people that now is the time to buy to get 1000% returns. IT DOESN'T HAPPEN LIKE THAT. This ship will sale and leave everyone standing on the shore wonder what dafuq just happened.
While everyone was "waiting for the bottom", "waiting for a flash crash", here is what Bitcoin was doing:
https://www.youtube.com/watch?v=cF4ZTcuhixc
November 04, 2015, 09:36:33 AM
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
You're really reaching now man.
November 04, 2015, 09:34:08 AM
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
You can't do that with so lite amount of coins from the auction...
November 04, 2015, 09:32:45 AM
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.
November 04, 2015, 09:31:29 AM
Thanks for 0.77 BTC guys. WHOOP WHOOP. I believe correction is over. Could be wrong though
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