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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23800. (Read 26713607 times)

legendary
Activity: 2268
Merit: 1141

They are talking about trying to lend 30-40k btc to get btc to gox levels.. (135$). Don't really believe this is true though, but you never know.
legendary
Activity: 966
Merit: 1000
And we are still droping in value...you think we will go below 200?
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore."  of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then  - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc.

i will end up with lots of worthless btc i guess.  Cheesy

LOL (more of a chuckle actually)

So when do we start planning the "bitcoin hits 10,000 party?"

(Serious question)

Depends upon how fast BTC prices recover? 

I'm sure if BTC prices were to reach a new ATH this year, then there would be planning for a $10k party taking place... even if BTC prices get into the $800s this year, people will begin preliminary planning of a $10k party.

On the other hand, $10k party planning seems pretty bleak and infeasible at the moment... and would be considered quasi-crazy to begin any serious planning, atm.. .. Probably, even discussing such $10k party seems a little bit like a trolling job.
hero member
Activity: 742
Merit: 500
legendary
Activity: 1092
Merit: 1001
Well here it starts my accumulation phase.
full member
Activity: 167
Merit: 100
jesus, what a price to wake up to. we've dropped below the old ATH. what the heck is going on?

I'm sure theres a good explanation/excuse like always. LOL
hero member
Activity: 910
Merit: 1003
Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
Depends on how many people use it and the average dollar value of their purchases.
that was the only approximately legit reply so far

If there was no speculation (including long-term hoarding), only use for e-payments, customers (buyers of stuff or services) would buy BTC just for payments, and give them to merchants (suppliers) or payment processors, who would then sell those BTC to other customers. 

Let V be the total volume of such payments expressed in USD/day.  Let T be the average time in days between the purchase of some BTC by one customer and its re-purchase by another customer, after going through a merchant or processor.   Let N be the total number of coins available, and P the market price of one BTC.  Then, the total volume of payments, in BTC/day, is  N / T.  Therfore, we musthave in we must have P *N / T = V, or P = V * T / N.

Today, N = 13.5 M BTC.  BitPay currently processes ~1 million USD per day of payments; let's guess that V is ten times that, 10 M USD/day.  Let's also guess T = 30 days.  (Note, we are assuming that no one is hoarding, so that everybody passes the coins on as soon as pratical.)  Then we get P = 10 * 30 / 13.6 = 22 USD.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
jesus, what a price to wake up to. we've dropped below the old ATH. what the heck is going on?
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Warren Buffet warned us but we didnt listen. We just didnt listen. We called him old fashioned, out dated, grandpa ... look where thats gotten us now

Yes, also called him a tired old loose piece of foreskin




 Grin Grin Grin Grin
hero member
Activity: 714
Merit: 500
Warren Buffet warned us but we didnt listen. We just didnt listen. We called him old fashioned, out dated, grandpa ... look where thats gotten us now

Yes, also called him a tired old loose piece of foreskin
sr. member
Activity: 434
Merit: 250
jesus, what a price to wake up to. we've dropped below the old ATH. what the heck is going on?

I don't know but until the 1w charts start showing something positive I am staying out.
legendary
Activity: 1778
Merit: 1008
jesus, what a price to wake up to. we've dropped below the old ATH. what the heck is going on?
legendary
Activity: 2842
Merit: 1511
hero member
Activity: 784
Merit: 1000
Inb4 this bear circlejerk thread turns into a bull circlejerk thread.

PS. When the bears are a cheering I am a buyin!
legendary
Activity: 1176
Merit: 1000
Its accumulation time. Fresh fiat hits the exchanges tomorrow.
sr. member
Activity: 434
Merit: 250
Do you remember ?

"if BTC price drops to $ 800, I will buy all"  Smiley Smiley Smiley

I remember getting in around that time.

Since my doctor got me on the right meds however now I am more like a ""if BTC price drops to $ 1, I will buy all".
hero member
Activity: 910
Merit: 1003
Does anyone know what this address is??

https://blockchain.info/address/13WMjvvpTPeN6gjpq3vpVszj6uEf68hQCM

It just keeps rising all the time, never stops. I am up to 12k now

That "total received" is misleading, it is the sum of all inputs (WITHOUT subtracting the outputs) since you started watching that address. 

That address has ~35 BTC now and was spitting out small amounts to other addresses, one by one.  Each time, the "change" (still about ~35 BTC) was returned to the same address.  Thus that bogus total increased by ~35 BTC each time.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
How far upwards does a flash purchase of 15k take us?

That's exactly what we need.
hero member
Activity: 910
Merit: 1003
I use Fedora on Linux

I'm just as confused as the bitcoin price right now.
Do you run fedora in a virtual box? Or does fedora also make browsers or are you also a bit confused?

UGH! I meant Firefox, sorry.
legendary
Activity: 1498
Merit: 1000
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