Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22215. (Read 26644447 times)
March 31, 2015, 08:52:27 AM
150 soon
March 31, 2015, 08:47:11 AM
If only it could be used to buy things globally, creating some kind of joined-up economy and demand that went beyond remittance. Sigh. We've done this conversation before.
Edit: here. https://bitcointalksearch.org/topic/m.10839664
You never did bother to give a proper reply.
Edit: here. https://bitcointalksearch.org/topic/m.10839664
You never did bother to give a proper reply.
What can I reply? Bitcoin is working for some people, sure. Will it ever grow to a significant slice of the economy?
Unfortunately, we have no idea of how many merchants (like you) really accept bitcoin, nor how much do they take by that route. That, by the way, is one thing that must be keeping serious investors away: there is practically no meaningful data on the state of the bitcoin economy.
We must do with indirect hints. Right now there there seem to be, worldwide, at most 200'000 merchants who "accept bitcoin" in the sense that they accept national currency from a bitcoin payment processor like BitPay. BitPay seems to be processing about 1 million dollars of payments per day, but a large fraction of that seems to be miners paying bills. There seem to be less than 700'000 people who own a significant amount of bitcoin. Considering that, for a merchant, really accepting bitcoin is more complicated than signing up with BitPay, and that not every bitcoin owner uses it for purchases, I would think that the real bitcoin economy (excluding illegal trade) is still very small. And we have no ideal of whether it is growing or shrinking.
Amounts of 30-50 dollars per purchase are fairly common in e-commerce using traditional means of payment. Why do you say that they would be uneconomical in your case?
I wonder how much you would make if you also accepted payment through PayPal or some similat service. Have you considered it?
March 31, 2015, 08:37:21 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir.Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks.
You just cannot get the staff these days.
This is not shnappy
(eats a breadstick)
Not shnappy at all.
What's with the doom orders?
I am just waiting for the staff to do their job, to live up to their many many promises, to deliver on what they promised in a timely and shnappy fashion.
Plus it will make my day, my year in fact.
My patience is growing thin.
I just wish they would get on with it and drop it.... drop it like they dropped Fat Man.
I can't tell whether you're short, or bear baiting, is all.
Not short.
But I will be very very happy if the staff can sort their shit out, and make good on their promises and spike that shit down.
Make my day/year.
March 31, 2015, 08:35:49 AM
Anyway, looks like $255 then $270. Probably will bounce off $270 but if volume is low on the reaction, we'll head up again.
looks like it.
in other news, approaching 25 mil fast:
that's about 100 k of coins.
March 31, 2015, 08:32:43 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir.Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks.
You just cannot get the staff these days.
This is not shnappy
(eats a breadstick)
Not shnappy at all.
What's with the doom orders?
I am just waiting for the staff to do their job, to live up to their many many promises, to deliver on what they promised in a timely and shnappy fashion.
Plus it will make my day, my year in fact.
My patience is growing thin.
I just wish they would get on with it and drop it.... drop it like they dropped Fat Man.
I can't tell whether you're short, or bear baiting, is all.
March 31, 2015, 08:31:40 AM
March 31, 2015, 08:30:56 AM
dont quote that idiot.
March 31, 2015, 08:30:03 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir.Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks.
You just cannot get the staff these days.
This is not shnappy
(eats a breadstick)
Not shnappy at all.
What's with the doom orders?
I am just waiting for the staff to do their job, to live up to their many many promises, to deliver on what they promised in a timely and shnappy fashion.
Plus it will make my day, my year in fact.
My patience is growing thin.
I just wish they would get on with it and drop it.... drop it like they dropped Fat Man.
March 31, 2015, 08:24:01 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir.Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks.
You just cannot get the staff these days.
This is not shnappy
(eats a breadstick)
Not shnappy at all.
What's with the doom orders?
March 31, 2015, 08:18:34 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir.Wrong order! we ordered the full on DOOOOOOOOOOOOM for the entire table.... not breadsticks.
You just cannot get the staff these days.
This is not shnappy
(eats a breadstick)
Not shnappy at all.
March 31, 2015, 08:14:43 AM
March 31, 2015, 08:11:35 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
Another serving of doom coming for you in a minute good Sir. March 31, 2015, 08:10:08 AM
why does it matter if it's over a sea or not? do they only like it if it's over land? do they think it will short circuit if it gets wet or what?
Yes. Also: foreigners.
March 31, 2015, 08:07:54 AM
why does it matter if it's over a sea or not? do they only like it if it's over land? do they think it will short circuit if it gets wet or what?
March 31, 2015, 08:07:07 AM
DOOOOOOOOOOOOOOOOOOOOOOOOOOM!!???
March 31, 2015, 08:06:44 AM
Even at replacing 1% of Gold, it'd be 70bn marketcap. And chances of that are severely over 5%. Actually it's a pretty good bet that it'll happen, but people in countries with hard currencies cannot really understand why that will be.
For example, having the 'security' of USD or EUR (=being American or European), you tend to see BTC as irrelevant, while if your national currency is junk, you value BTC just as you would value hard-to-find-assets like gold and hard currencies. It's a concept that is very elusive to western minds / developed countries.
Even the apparent "stability" and boredom that makes traders cringe for the 250$ mark, may be a +20% gain for someone living in a country where their national currency is on a declining curve during the last months.
For example, having the 'security' of USD or EUR (=being American or European), you tend to see BTC as irrelevant, while if your national currency is junk, you value BTC just as you would value hard-to-find-assets like gold and hard currencies. It's a concept that is very elusive to western minds / developed countries.
Even the apparent "stability" and boredom that makes traders cringe for the 250$ mark, may be a +20% gain for someone living in a country where their national currency is on a declining curve during the last months.
Except that, to someone who has no ideological motivations and merely looks at the price charts, BTC looks worse than the Argentinean peso or Russian rubles. No one will consider BTC an option to escape inflation until those crazy sudden swings stop and the price remains stable for a year.
As for replacing gold: with a 30% loss over the last few years, gold does not look like the solid refuge that it once was. Still, it has a fairly high rock-bottom price, maybe 100-200 $/ounce, due to its assured continuing demand for jewelry and industrial use, as well as his historical glamour. So, the price of gold is unlikely to drop by another 50% in the next few years, and any further drop will be gradual enough for individuals to take their money out before losing too much.
In contrast, bitcoin does not have such floor. Even the 5 $/BTC estimated for e-payment usage depends on it continuing to to be the main cryptocurrency for that use, which is not at all certain. Bircoin price drops have been sudden and totally unpredictable, so investors would probably have to bear higher losses when trying to run away from them.
Anyway, for everyone who has heard of bitcoin and still has money to invest, the expected value is now less than 245 $/BTC. They obviously think that the chances for Buterin's scenario are less than 1% (even if they don't make that estimation explicilt or conscious).
Everything in the world will always stay exactly as it is now....
March 31, 2015, 08:02:39 AM
There's not much going on at the moment? I'm looking at the charts but it seems awfully silent. Alarms ftw! 
March 31, 2015, 08:02:27 AM
Mass adoption is coming!!!
Maybe after another 6 years we will see 4.6%
ROFL!
March 31, 2015, 07:58:46 AM
March 31, 2015, 07:56:27 AM
Even at replacing 1% of Gold, it'd be 70bn marketcap. And chances of that are severely over 5%. Actually it's a pretty good bet that it'll happen, but people in countries with hard currencies cannot really understand why that will be.
For example, having the 'security' of USD or EUR (=being American or European), you tend to see BTC as irrelevant, while if your national currency is junk, you value BTC just as you would value hard-to-find-assets like gold and hard currencies. It's a concept that is very elusive to western minds / developed countries.
Even the apparent "stability" and boredom that makes traders cringe for the 250$ mark, may be a +20% gain for someone living in a country where their national currency is on a declining curve during the last months.
For example, having the 'security' of USD or EUR (=being American or European), you tend to see BTC as irrelevant, while if your national currency is junk, you value BTC just as you would value hard-to-find-assets like gold and hard currencies. It's a concept that is very elusive to western minds / developed countries.
Even the apparent "stability" and boredom that makes traders cringe for the 250$ mark, may be a +20% gain for someone living in a country where their national currency is on a declining curve during the last months.
Except that, to someone who has no ideological motivations and merely looks at the price charts, BTC looks worse than the Argentinean peso or Russian rubles. No one will consider BTC an option to escape inflation until those crazy sudden swings stop and the price remains stable for a year.
As for replacing gold: with a 30% loss over the last few years, gold does not look like the solid refuge that it once was. Still, it has a fairly high rock-bottom price, maybe 100-200 $/ounce, due to its assured continuing demand for jewelry and industrial use, as well as his historical glamour. So, the price of gold is unlikely to drop by another 50% in the next few years, and any further drop will be gradual enough for individuals to take their money out before losing too much.
In contrast, bitcoin does not have such floor. Even the 5 $/BTC estimated for e-payment usage depends on it continuing to to be the main cryptocurrency for that use, which is not at all certain. Bircoin price drops have been sudden and totally unpredictable, so investors would probably have to bear higher losses when trying to run away from them.
Anyway, for everyone who has heard of bitcoin and still has money to invest, the expected value is now less than 245 $/BTC. They obviously think that the chances for Buterin's scenario are less than 1% (even if they don't make that estimation explicilt or conscious).
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