Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20442.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Globb0 on November 03, 2015, 04:14:53 AM

OK so lets say hundreds of you guys are HODLERs with thousands of coins each.

What would be your check out point?

Do you worry about the other thousands of early adopters who must be waiting also to cash out ?

I have converted my currency from dollars to bitcoins.

When you move to Europe are you a euro hodler with a "check out point" when the euro rises against the dollar? Do you worry about thousands of other euro hodlers checking out into the dollar?

I spend bitcoins. I tend to spend more when the price jumps like this. Last week I booked a flight and hotel room. When the price gets up around $800 I'll book my spring cruise in the Caribbean (with bitcoins).

inca

legendary

Activity: 1176

Merit: 1000

Thin orderbooks everywhere.

Shorts must be hanging on hoping to avoid margin call so they can get out on next pullback (18k). All longs in green now.

The voatility next few days will be immense. Will be see a 4xx handle on finex before we stop?

600watt

legendary

Activity: 2338

Merit: 2106

all the "sell-buttons" must have frozen globally.

re-actor

newbie

Activity: 22

Merit: 0

Quote from: BitofaN1 on November 02, 2015, 11:26:31 PM

Quote from: Frost on November 02, 2015, 11:23:16 PM

Quote from: Patel on November 02, 2015, 11:18:27 PM

$46 spread between BTC-e and Huobi Shocked

Can someone explain this?

It's really hard to get fiat into BTC-e apparently.

Kraken "the lazy one" is above BTC-e. What a chutzpah!!

Room101

sr. member

Activity: 541

Merit: 362

Rules not Rulers

Quote from: Globb0 on November 03, 2015, 04:30:39 AM

Quote from: marcus_of_augustus on November 03, 2015, 04:18:03 AM

All In ... checked out of fiat... you really don't get it do you? It's not about the money, its about sending a message to petty would-be tyrants.

Noone's "waiting to cash out"

No one? OK I guess I don't get it. Every bitcoin owned is a political statement, not an investment, right.

The people with thousands didn't buy them, they mined them. And they did that either because they are interested in all thing crypto, or all things non-fiat.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: Globb0 on November 03, 2015, 04:14:53 AM

OK so lets say hundreds of you guys are HODLERs with thousands of coins each.
What would be your check out point?
Do you worry about the other thousands of early adopters who must be waiting also to cash out ?

Most will diversify. Quite a few will HODL or even accumulate more given the general mindset of the early bitcoin adopter.

About everbody waiting to cash out: this process is taking place all the time. People were saying "aren't you afraid people will sell out at $100, $1000 etc. (and most likely at $1 and $10 too)". If you believe bitcoin has true value, and is currently not overpriced, then you shouldn't worry about this in the long term (though psychological price points might play a role in short and middle-term speculation).

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: marcus_of_augustus on November 03, 2015, 04:18:03 AM

All In ... checked out of fiat... you really don't get it do you? It's not about the money, its about sending a message to petty would-be tyrants.

Noone's "waiting to cash out"

No one? OK I guess I don't get it. Every bitcoin owned is a political statement, not an investment, right.

dre1982

sr. member

Activity: 770

Merit: 284

★Bitvest.io★ Play Plinko or Invest!

Looks like it's gonna test the $380. Who had thought that a few weeks ago.

600watt

legendary

Activity: 2338

Merit: 2106

kraken € is almost catching btc-e $. if it goes on like that, it will catch huobi Cheesy

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

blockchain is the wrapper, bitcoin is the payload.

payload has just been delivered to the heart and minds of the best and brightest inside the global financial system in technically unambiguous terms ... sit back and watch.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: Globb0 on November 03, 2015, 04:14:53 AM

OK so lets say hundreds of you guys are HODLERs with thousands of coins each.

What would be your check out point?

Do you worry about the other thousands of early adopters who must be waiting also to cash out ?

Bitcoin, or another crypto, is in my opinion very likely to end up a trillion dollar market at some point. So my plan consists of selling out gradually as it approach that market segment while keeping an eye on crypto technology in general for potential replacements for the top spot. If other people sell earlier than me, so what. Some people thought it was a good idea to go full fiat at $10. In the mean time it's a great hedge against the global debt based fiat banking system eating itself, which it constantly threatens to do.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Globb0 on November 03, 2015, 04:14:53 AM

OK so lets say hundreds of you guys are HODLERs with thousands of coins each.

What would be your check out point?

Do you worry about the other thousands of early adopters who must be waiting also to cash out ?

All In ... checked out of fiat... you really don't get it do you? It's not about the money, its about sending a message to petty would-be tyrants.

Noone's "waiting to cash out" ... they already did, out of fiat crap money.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I see this upward movement as an end to the bear market. There has been a lot of good news over the past year but the price constantly declining has kept investors at bay. Now that the price is not on a downward spiral we will have a lot more investors projecting future profits. Those months hanging around $230 basically put an end to the downtrend.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

OK so lets say hundreds of you guys are HODLERs with thousands of coins each.

What would be your check out point?

Do you worry about the other thousands of early adopters who must be waiting also to cash out ?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

IF we are heading back to resume/retake the exponential growth trend, and I see no reason why not now infrastructure, etc concerns have been anti-fragiled away, then there is quite some catch-up to be done.

Also at some point we have to hit some VERY steep price growth on the sigmoid curve such that on long term scales looks like a SINGULAR event when bitcoin was adopted (speculatively on price) as the network effect flipped over the tipping point from less than 25% using to more than, i.e. it becomes cost prohibitive to NOT be using the bitcoin network when more than 50% of your economic peers are already using it. Like when you felt you just had to have electricity, car, radio, TV, computer, smartphone, etc, etc because you were being left behind by not having one.

Bitcoin's singular event due to crossing the network effect threshold, if it ever happens, is still ahead of us, in case you were wondering how crazy it could get ...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

TReano

sr. member

Activity: 448

Merit: 256

Quote from: wutizurkwest on November 03, 2015, 03:26:42 AM

Quote from: AZwarel on November 03, 2015, 12:39:17 AM

Got a call 20 minutes ago from an old friend working for Citibank in Bahrain (remind you, it is 6:48 AM where i am -yes, still awake:). TLDR: "please get me some BTC, am just back from a conference about "blockchain" in Dubai". 'nuf said. Grin

This is the kind of thing that makes me think the price won't even pause at $1000 or $10000 on the way up.

yea lets go straight for $1000000000000000000000000000000000000000000000000000000000000000000000000000000

wutizurkwest

member

Activity: 78

Merit: 10

Quote from: AZwarel on November 03, 2015, 12:39:17 AM

Got a call 20 minutes ago from an old friend working for Citibank in Bahrain (remind you, it is 6:48 AM where i am -yes, still awake:). TLDR: "please get me some BTC, am just back from a conference about "blockchain" in Dubai". 'nuf said. Grin

This is the kind of thing that makes me think the price won't even pause at $1000 or $10000 on the way up.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: molecular on November 03, 2015, 03:02:41 AM

Quote from: hdbuck on November 02, 2015, 04:25:02 PM

also, for the millionth time, increasing the blocksize will not bring moar people to bitcoin.

who said it would?

the fear of the people in favor of a blocksize increase is that keeping it at 1MB will drive people away once blocks become full.

them forkers said so.. repeatedly.

and please, be my guest if you are afraid of 1MB not being even half full on average by now. seems like the perfect timing to get out whilst you can, maybe go eth??!... Roll Eyes

anyway, i'd argue that what is most likely to drive people (the people that actually 'bought in', not the futuristic mass sheeples) away is precipitation, untested conjectures, and abhorrent simplification of a non issue to fix something that is not broken whilst breaking the decentralized P2P consensus model bitcoin relies on.

you are free to buy whatever altcoin you want, run whatever client, just stop spreading fud and lies in order to get your agenda/vision highjacking bitcoin.

and choochoo mofo! im not transacting an inch now.. this is how bitcoin works best. rising and holding. Wink

molecular

donator

Activity: 2772

Merit: 1019

Quote from: hdbuck on November 02, 2015, 04:25:02 PM

also, for the millionth time, increasing the blocksize will not bring moar people to bitcoin.

who said it would?

the fear of the people in favor of a blocksize increase is that keeping it at 1MB will drive people away once blocks become full.

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