Translation: Buy or die.
If you put it like that..
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23369. (Read 26713156 times)
January 20, 2015, 01:13:10 PM
January 20, 2015, 01:12:45 PM
Hey guys , what do you think now ? The bitcoin price will rise or not ? I don't know what should I think now... hold or not hold 
.
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January 20, 2015, 01:12:34 PM
Chamath Palihapitiya @chamath 25s25 seconds ago
At $400M post, @coinbase valuation is almost 15% of entire BTC market cap. Top 20 BTC co's market cap > entire BTC market cap.
Translation: Buy or die. At $400M post, @coinbase valuation is almost 15% of entire BTC market cap. Top 20 BTC co's market cap > entire BTC market cap.
January 20, 2015, 01:11:38 PM
...
You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office last month in the last couple of months..
You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office last month in the last couple of months..
Yes.
January 20, 2015, 01:09:59 PM
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process.
I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).
Would you rather have 1% of $100 or 1% of $10k?
Higher price means more bandwidth means more profit.
January 20, 2015, 01:09:16 PM
I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally.
If you started buying 6 years ago, you had now tens of thousands of bitcoins.
Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked
Of course you only lost approx 15k $ in total, not very much.
I think your math is flawed. If I was putting in a locked amount from day one I could buy many more Bits @50c than I would at 1K So even if the price crashed like it has even though I did by some bits at the peak, the amount that I was able to buy at 50c would offset any small loss I might have gotten from the peak price of 1k.
.50 x 50 = 25 BTC @~ 200 = $5000
with 50 dollars going in @ 1K would have gotten me only .05 BTC. Sure, I would lose 40 buck but I would have made 5000 over and over again on paper at least.
Because the value was so low for a long time you could have gotten thousand of BTC at the time and the short lived pump up to 1k... I hope you get the picture... I am not so great at explaining things lol.
January 20, 2015, 01:08:56 PM
I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally.
If you started buying 6 years ago, you had now tens of thousands of bitcoins.
Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked
Of course you only lost approx 15k $ in total, not very much.
You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office in the last couple of months..
January 20, 2015, 01:07:51 PM
What does HODL mean? Doesn't even show up in google 
Originates from this thread:
https://bitcointalksearch.org/topic/i-am-hodling-375643
HODL = HOLD
Basically if you are a Permabull/Bulltard, you're a HODLER.
If you're a Beartroll, you're always SODLing.
January 20, 2015, 01:07:37 PM
What does HODL mean? Doesn't even show up in google
https://bitcointalksearch.org/topic/i-am-hodling-375643
January 20, 2015, 01:05:05 PM
What does HODL mean? Doesn't even show up in google
January 20, 2015, 01:04:54 PM
I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally.
If you started buying 6 years ago, you had now tens of thousands of bitcoins.
Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked
Of course you only lost approx 15k $ in total, not very much.
January 20, 2015, 01:04:36 PM
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process.
I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).
January 20, 2015, 01:01:56 PM
Certainly not because bitcoin is undervalued jorge! You are hilarious.
Well, I find hilarious all those bitcoin experts who last May predicted 10'000 USD/BTC or more (way more) for Jan/2015. (And who now are saying that "the price does not matter, what matters is the technology".)
You know, I am actually glad to be totally ignorant about bitcoin.
January 20, 2015, 01:00:02 PM
...
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
You clearly have self-image issues. Stop being so hard on yourself, you're fascinating! Really
Step away from the keyboard, Ivan's hoe, you're getting belligerent. Here, have a nice gif to feed your Bitcoin dreams
I was actually planning to step away from the keyboard yes, i have other things to do. Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point
You are wasting your life.Wasting my life? You undervalue Satoshi's Great Social Experiment. Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.
You're fascinating and useful, Bitcoiners. Satoshi has created something wonderful, and I'm not missing a minute of it.
Now go buy some BTC--don't make me shake the box
Ouch, sorry... looks like I struck a nerve there.
Just remember to take your blood pressure meds and antipsychotics and everything will be OK.
Some days this gig just isn't worth it I suppose.
January 20, 2015, 12:59:56 PM
January 20, 2015, 12:58:26 PM
I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally.
If you started buying 6 years ago, you had now tens of thousands of bitcoins.
Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked
Of course you only lost approx 15k $ in total, not very much.
January 20, 2015, 12:56:23 PM
Please delay the rocket for me guys 
Just a couple more days till the rest of my deposits clear
Just a couple more days till the rest of my deposits clear
No prob.
January 20, 2015, 12:54:16 PM
Please delay the rocket for me guys
Just a couple more days till the rest of my deposits clear
Just a couple more days till the rest of my deposits clear
January 20, 2015, 12:52:43 PM
I knew that these low prices were artifical. Wall Street is around the corner. Time to get leveraged all-in again asap.
January 20, 2015, 12:50:03 PM
...
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
You clearly have self-image issues. Stop being so hard on yourself, you're fascinating! Really
Step away from the keyboard, Ivan's hoe, you're getting belligerent. Here, have a nice gif to feed your Bitcoin dreams
I was actually planning to step away from the keyboard yes, i have other things to do. Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point
You are wasting your life.Wasting my life? You undervalue Satoshi's Great Social Experiment. Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.
You're fascinating and useful, Bitcoiners. Satoshi has created something wonderful, and I'm not missing a minute of it.
Now go buy some BTC--don't make me shake the box
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