Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21119. (Read 26711393 times)
August 06, 2015, 10:02:19 PM
August 06, 2015, 10:01:16 PM
3600 coins mined per day. 3600 X $280= $1,008,000/ day of new investment. In order to hold the price until the halving, that's ~$1,008,000 X ~355 days or ~ $357,840,000.
That sounds like a lot of money, but it isn't. The estimated one million unique wallet holders would only need to buy an additional 1$ worth of BTC per day even with no new buyers at at all. And there are new buyers. More every day.
Facebook bought what'sApp? for 19 billion. (about 4.5 times bitcoin's entire current market cap)
There's about 13 million millionaires on the planet. If each one buys on average only ONE bitcoin, even if nobody else buys ANY, then there simply won't be enough to go around.
That sounds like a lot of money, but it isn't. The estimated one million unique wallet holders would only need to buy an additional 1$ worth of BTC per day even with no new buyers at at all. And there are new buyers. More every day.
Facebook bought what'sApp? for 19 billion. (about 4.5 times bitcoin's entire current market cap)
There's about 13 million millionaires on the planet. If each one buys on average only ONE bitcoin, even if nobody else buys ANY, then there simply won't be enough to go around.
August 06, 2015, 09:46:12 PM
translation: we are falling when we are supposed to go nowhere but up?
all in now or die.
LOL
August 06, 2015, 09:39:14 PM
translation: we are falling when we are supposed to go nowhere but up?
all in now or die.
August 06, 2015, 09:35:01 PM
translation: we are falling when we are supposed to go nowhere but up?
August 06, 2015, 09:32:49 PM
August 06, 2015, 09:14:18 PM
Are we going under?
yes, but we will go back up again soon
How do you know that? Can you just look at charts and see this? Can anyone educate me? I'd like to know.
Or just post a link... I'd like to be able to make some kind of predictions, to see when trends change.
August 06, 2015, 09:03:19 PM
Jokes aside if the japanese court ruled that the bitcoins are just like money there is high chance that people will be returned some bitcoins right?
The bankruptcy liquidation process seems to be chugging along at its slow pace. (Well, a bit slower maybe: since the deadline for filing claims was postponed by 1 month or so, the next deadlines may be shifted too...)
Victims will get their moer or less fair share of the money and of the 220'000 bitcoins. However, that ruling, as I understood from that comment, actually means the opposite. It said that the bitcoins in MtGOX are fungible like money in a bank, not individualized like clothes in a dry-cleaning store. Therefore the depositors' claims against MtGOX are for a certain monetary value, not for a certain amount of bitcoin; and the trustee can pay everybody in JPY if he chooses to.
Translation: Punt until bitcoin price goes up, then pay out fiat a fraction of the former exchange rate value of those coins at the time when Mt. Gox collapsed. Pure genius way to fk over the claimants.
If the payouts are to be made entirely in JPY (my guess), I believe that the coins will be auctioned, and whatever amount he gets from the auction will be distributed to the clients. He will get is fees paid from the spoils, but the spoils are not his property, so he cannot play trader with them. Indeed, he should prefer to auction the coins, precisely to avoid being sued for losses due to incompetent trading.
August 06, 2015, 09:02:16 PM
August 06, 2015, 08:53:34 PM
Are we going under?
yes, but we will go back up again soon
August 06, 2015, 08:49:06 PM
Are we going under?
yes, but we will go back up again soon
August 06, 2015, 08:02:15 PM
August 06, 2015, 07:48:04 PM
Sounds like farming to me. Kind of odd that he would neg rep you though. The Powers That Be seems to be ok with that kind of activity, so I don't see why that guy goes vigilante on you. If you really want to make money on crypto though, and you don't have a lot of money to invest, you could just set yourself as a crypto-currency consultant. Chances are that you know more about crypto than your local bank or most in the tech or investment community where you live.
Some people just can't mind their own business and decide to screw people over in order to further their goal (I kind of needed a loan and offered my main account and a pair of jr member accounts). Some people have no tolerance for things they disagree with. And some people are assholes. I don't know what category that default trust member fits in. Whatever, I enjoy being part of this community, and if I can help some noob get an avatar and a cool account name, I will. At a small discount.
The problem is that there is no bitcoin market here, in Guatemala. It's not even in people's radar. Most of my friends didn't hear about it until I told them about it, and almost all of them study to be computer engineers. I think change will always be sudden in some parts of Latin America, when it comes to bitcoin and other technologies. My parents tell me that in the 1980s, there used to be only one house phone in the neighborhood. Imagine telling those same people that investing in a company that will be great at mobile phones is a good idea. "There's this guy that told me it was the future of communication!" there already existed a mobile hand held phone by 1977. I can see that for them (the people I've mentioned bitcoin to), bitcoin is a curiousity, an odd thing that the Internet came up with. "It sounds useful" a friend told me. Oh, but it's so much more. So. Much. More.
PS:
August 06, 2015, 07:03:10 PM
August 06, 2015, 06:51:03 PM
Are we going under?
Quick look at the price.. flat!
We have been 10-12k from 270 and 5-6k from 300 forever
August 06, 2015, 06:49:24 PM
Are we going under?
August 06, 2015, 06:46:09 PM
http://bitcoinprbuzz.com/bitcoin-blockchain-provider-hashingspace-secures-services-from-an-industry-leading-contracting-firm-to-build-fortress-one-data-center/ 
These guys are going big... They have ATMs, exchange, wallet, cloud mining.
These guys are going big... They have ATMs, exchange, wallet, cloud mining.
If you can't see through the smoke in this one...
This has penny stock pump and dump written all over it w/ a twist of GAW Miners.
August 06, 2015, 06:02:25 PM
August 06, 2015, 05:58:08 PM
I don't think it will happen any time soon either. Just look at the trouble they're having with obviously needed changes, like block size.
No, Bitcoin will likely remain unchanged (and in beta) for the rest of its life
It will happen if bitcoin fails to be a plausible currency due to its inherent 'deflation by
If people cant buy bitcoins because they are all owned by folk who want to hoard them, then they will go elsewhere.
Already started...
August 06, 2015, 05:54:03 PM
@RJ
Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.
We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.
Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.
We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.
The HODLERS club is amazing, although it's full of pain and blood, but in the end, the sun WILL shine.
You sound like you have no real idea how this is going to happen - just a blind gamble that the rest of the world will somehow pick you to be the new elite.
How many wealthy people do you know who got wealthy simply by buying... money?
Not too many, but the ones I do know bought BTC (or other crypto).
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