it will fall like a rock.
Better wake up the sellers then.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23095. (Read 26609332 times)
January 31, 2015, 12:53:01 PM
Better wake up the sellers then.
January 31, 2015, 12:51:59 PM
it will fall like a rock.
BTC/LTC yes as people rush to dump LTC for BTC before the BTC/USD rise.
January 31, 2015, 12:46:38 PM
it will fall like a rock.
January 31, 2015, 12:36:20 PM
Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
Absolutely not. There is no intrinsic value at all, that is, no use value, or, you can not consume a bitcoin leading to its destruction, and at the same time gain something useful. *)
Said otherwise, bitcoin has only money value, and in this regard it is the same as paper money.
It is at the same time pure money, and sound money. This has never existed before in history.
The money value is by definition speculative, all actors at all times have to decide for themselves what value (real world, use value) it is possible to exchange the bitcoins for in the future, far or near.
*) I know, you can prove that you have destroyed bitcoins to prove something...
January 31, 2015, 12:33:31 PM
The sun on the meadow is summery warm
The stag in the forest runs free
But gather together to greet the storm
Tomorrow belongs to me
The morning will come
When the world is mine
Tomorrow belongs
Tomorrow belongs
Tomorrow belongs to me!
The stag in the forest runs free
But gather together to greet the storm
Tomorrow belongs to me
The morning will come
When the world is mine
Tomorrow belongs
Tomorrow belongs
Tomorrow belongs to me!
Do you draw all those pictures yourself ? They look really nice. Too bad people consider you a troll.
January 31, 2015, 12:22:11 PM
Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
I'd argue there's a number of fundamentals that are highly relevant, such as overall adoption / network size, or valuation floor through usage as medium of exchange for goods valued in USD. Problem is, those are (a) notoriously difficult to estimate precisely, and (b) even if you can estimate them more or less correctly, there never was a long term stable price that would define the "right" ratio of total valuation to adoption/network size, for example.
I personally think the "floor" defined by medium of exchange is the best you can do. By that metric alone, we're most likely still quite a bit overpriced, but that could either mean we drop further up to that floor or that floor isn't the only relevant metric. Probably the latter.
January 31, 2015, 12:17:17 PM
More precisely: No and no.
January 31, 2015, 12:13:39 PM
Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
No. (no need for a longer answer I suppose)
January 31, 2015, 12:11:01 PM
Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
January 31, 2015, 11:59:55 AM
January 31, 2015, 11:37:53 AM
yes, these are some of the largest currencies. I'd add singapore dollar and australian dollar
January 31, 2015, 11:33:28 AM
This ongoing first stage of the stock market crash of 2015 doesn´t seem to affect BTC action noticeably so far.
Which stock market crash?
You will see
Just like i saw the crash of the dollar in 2000 ,2001 , 2002 , 2003 , 2004 , 2005 .... 2300, 2301,2302
I was not talking about the dollar.
I would not be surprised if the dollar has probably got still a ways up to go actually... makes sense, it could run up (against other currencies with their own woes) at least until the next round of in the US QE (4)....
US stock markets though are looking choppy and toppy... and with all that is going on, figures/fed talk global pressures I would not be surprised to see something go down this year, not in the least.
Though that being said with the current global currency wars, and the bond markets I would not be surprised to see some action in the dollar either..
I suspect though that the stock market and housing will probably take a hit first though, (followed by QE4?)
We shall see.
I know what you were talking about...
Another crash waiting at the corner ...and I gave you an example of another one people are waiting and waiting and waiting...
That is correct.... and are there any market watchers that have been around for a few decades that has a good reason to not wait for the next crash, in a cyclical stock market? Is there any reason that there should be an infinite bull run? are there any outside reasons, in this global system we have that there could be external pressures, and internal pressures that could cause the next (inevitable) financial crisis?
Guess not.
I am not arguing that it won't happen , but like the original post said ...2015?
I see no reason for this year to be the one of the crash and the ones saying preaching about it are the same that said 2014 2013 and 2012 before with the same arguments.
A fun competition would be to predict which of the large fiats will tank first. Will it be dollar, euro, yen, yuan, sterling or swiss francs? I guess those are the largest currencies.
January 31, 2015, 11:25:40 AM
This ongoing first stage of the stock market crash of 2015 doesn´t seem to affect BTC action noticeably so far.
Which stock market crash?
You will see
Just like i saw the crash of the dollar in 2000 ,2001 , 2002 , 2003 , 2004 , 2005 .... 2300, 2301,2302
We have seen smaller national fiats die, next is the larger fiat systems, then the dollar. Thinking of it, a good forex strategy now would be to hold dollars, then, when most other fiats have died, sell dollars.
January 31, 2015, 11:21:59 AM
The sun on the meadow is summery warm
The stag in the forest runs free
But gather together to greet the storm
Tomorrow belongs to me
The morning will come
When the world is mine
Tomorrow belongs
Tomorrow belongs
Tomorrow belongs to me!
The stag in the forest runs free
But gather together to greet the storm
Tomorrow belongs to me
The morning will come
When the world is mine
Tomorrow belongs
Tomorrow belongs
Tomorrow belongs to me!
January 31, 2015, 11:20:07 AM
This ongoing first stage of the stock market crash of 2015 doesn´t seem to affect BTC action noticeably so far.
I have noticed too. In fact, nothing in the real world seems to be relevant to bitcoin price. I think the large volume is from trading back and forth, not affecting the price too much. The real market, for people permanently changing their assessment of bitcoin, is small. A few holders sell out, or a few minimalistic newbies decide to save a significant value in bitcoin, that can change the market, unpredictably.
January 31, 2015, 11:18:57 AM
http://www.coindesk.com/ibms-richard-gendal-brown-bitcoin-opening-minds/
"What I've come to stress more clearly over the last couple of months is: the security of the architecture underpinning decentralized systems like bitcoin does come from the incentivization of the miners."
Can't separate the chain from the coin son. Slowly but surely.
"What I've come to stress more clearly over the last couple of months is: the security of the architecture underpinning decentralized systems like bitcoin does come from the incentivization of the miners."
Can't separate the chain from the coin son. Slowly but surely.
January 31, 2015, 11:09:52 AM
This ongoing first stage of the stock market crash of 2015 doesn´t seem to affect BTC action noticeably so far.
Which stock market crash?
You will see
Just like i saw the crash of the dollar in 2000 ,2001 , 2002 , 2003 , 2004 , 2005 .... 2300, 2301,2302
I was not talking about the dollar.
I would not be surprised if the dollar has probably got still a ways up to go actually... makes sense, it could run up (against other currencies with their own woes) at least until the next round of in the US QE (4)....
US stock markets though are looking choppy and toppy... and with all that is going on, figures/fed talk global pressures I would not be surprised to see something go down this year, not in the least.
Though that being said with the current global currency wars, and the bond markets I would not be surprised to see some action in the dollar either..
I suspect though that the stock market and housing will probably take a hit first though, (followed by QE4?)
We shall see.
I know what you were talking about...
Another crash waiting at the corner ...and I gave you an example of another one people are waiting and waiting and waiting...
That is correct.... and are there any market watchers that have been around for a few decades that has a good reason to not wait for the next crash, in a cyclical stock market? Is there any reason that there should be an infinite bull run? are there any outside reasons, in this global system we have that there could be external pressures, and internal pressures that could cause the next (inevitable) financial crisis?
Guess not.
I am not arguing that it won't happen , but like the original post said ...2015?
I see no reason for this year to be the one of the crash and the ones saying preaching about it are the same that said 2014 2013 and 2012 before with the same arguments.
For sure, you cannot call it for a certainty, and I have not got a magical crystal ball, however there is in my opinion a building confluence of exacerbating factors. Spinning plates... and some of them have already started to wobble and they need spinning soon, or else they are gonna drop. I am curious to see how the US market reacts going forward without stimulus, and if the situation deteriorates (almost as per plan) if this year QE4 is eventually rolled out. Also curious to see if the managed yuan peg gets dropped this year. Either way it has already been an interesting start to the year with lots going on globally, and I expect more volatility in the markets and some more interesting events, I do not think 2015 is going to be a boring year regardless.
January 31, 2015, 11:00:00 AM
January 31, 2015, 10:58:51 AM
We are getting downward movement on LTC/BTC may be a little early if we break 0.0083 then we will get a BTC/USD rise.
SO pay attention to that volume.
SO pay attention to that volume.
Everyday the Chinese pick a new trading range and today looks like 228-238. I think it's pretty clear they don't want to fuck with the wall at 222-220 as of yet
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