Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22226. (Read 26686437 times)

That can't be true. You know, law and order, noblemen, don't care about money... I guess quick wealth always has its way to bypass everything else. 

DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM ^^

(my crime for making the ignore list of people is repeatedly pointing out that the criminal ceo of mtgox mark karpeles used a billion non-existent dollars to manipulate the price of bitcoin since perhaps the very beginning as it was the only exchange for bitcoin for the first several years , but most definitely caused the runup from double digits all the way to the $1200+ high point , culminating in the outright theft of 650,000-850,000 bitcoin , which may or may not have been getting continually dumped into the other new exchanges ever since ... ooops ... did it again ... can't have people be reminded of that ... they might come to the realization that bitcoin , though perhaps not intended to be used as a fraudulent ponzi mechanism , has most certainly been abused as one ... and that today's price is a leftover result of that fraudulent action ... i cannot stress how severe an impact of $1,000,000,000 of "fake new money" spent in a couple months would obviously have on a market as small as bitcoin , which was at the time that fraud began valued at *less than* a billion in total market cap)

(oh also they hate it when i point out ... 1,000,000 unique btc addresses with more than 0.01 btc is representative of 0.0142857 % of the population ... a great many of which are long dormant unused / represent the many multiple addresses of people ... putting that estimated % far lower in terms of actual btc user adoption ... probably by a factor of at least 10 , to lower adoption to 0.001 % of people even holding a dust amount of btc ... evidence of the actual complete lack of public interest or trust in btc despite awareness of it's existence through news reports and 7 years of time)

(they also hate it when i point out that their beloved btc is more than 100,000X worse distributed that the existing fiat monetary system , since in this world 70,000,000 people (1%) owning half of all the wealth is in fact far far more egalitarian and better system to support than a system with 1000 people holding 3/4 of all btc in existence ... tearing the mask off the illusion that bitcoin would result in anything other than total financial tyranny concentrated to an extreme degree by many orders of magnitude if it were to ever accomplish the laughable goal of replacing fiat currencies)

ROFLMAO!

Unless the stress is on "potentially," silly.
1. You buy a Bitcoin from me for $200, using PayPal.
2. I use that $200 to buy two bitcoins a month later, again using PayPal.
3. PayPal has handled $400 worth of transactions, with only $200.
4. $200 is worth $400, QED.

You are both right.  Reserve demand needs to be deducted from the float before applying PQ=MV.  D05GTO alludes to the former, while sat0sHiFanClub alludes to the latter.

seriously doubting the dollar is going to make it another five years.

Meahwhile still 0 trades going on at GBTC.


Wait for the ETFs they said, Wall Street they said, Coinbase regulated exchange they said, liquidity they said.


lmao

That has nothing to do with its value. Its value is a function of its market - the value  of all goods traded with it.

If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.

Any other valuation basis is purely delusional.

Karl Mark Force IV

Is this a character from a Marvel comic book ? I lol'd!

Lol, I can't believe you're falling for this.  "OHAI, we criminals just liek U!"  Infiltration 101 material.

Nay, excellent point!

Take That Fed Scums  

Federal Agents Face Arrest for Alleged Silk Road Bitcoin Theft
http://www.coindesk.com/federal-agents-face-arrest-for-alleged-silk-road-bitcoin-theft/

Good point.

Cheers

Oh, looks like Most bull-trolls have me on ignore!

Fatman? Wasn't I on your ignore list, also? Please put me there again!

Coin
Explanation

I don't get the amount and inflation argument at all.

Well, if you look at this as a numbers game.  There are roughly 2 million people only in the US turning 18 this year.  So that's less than 1 BTC per 18 year old.   So, times the amount of total people in the world, the amount of BTC generated per year is a droplet.   Look at the forum here.. over 1k accounts created per day.

Looks like some longs are closing up and shorts going up.  Not a big jump, but just noting the change

I feel ya brah, but same shit happens with pretty much every dying coin.  Thanks for the list.