Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23859. (Read 26712315 times)
January 02, 2015, 03:00:17 AM
January 02, 2015, 02:54:45 AM
@JJG I don't think we can assume to know which is easier making these kind of assumptions is just silly. Bull whales with fiat aren't going to pump it without holding it first hand, so perhaps they're accumulating all the way through this bear trend, perhaps they're not...It's just easier to watch and see what happens...all the while paying attention to how infrastructure is growing in the bitcoin space.
I think the more pertinent question is why won't there be another pump?
We would simply be retracing our previous steps and the price could nearly quadruple from here just to reach the ATH. Top 500 addresses shows accumulation during this bear market, just as in others.
Why would whales accumulate coins if they did not expect the price to rise subsequently?
January 02, 2015, 02:49:11 AM
@JJG I don't think we can assume to know which is easier making these kind of assumptions is just silly. Bull whales with fiat aren't going to pump it without holding it first hand, so perhaps they're accumulating all the way through this bear trend, perhaps they're not...It's just easier to watch and see what happens...all the while paying attention to how infrastructure is growing in the bitcoin space.
I don't think that I am presuming to know the short term direction of BTC prices, and I am just giving my estimate of probabilities regarding BTC prices to rebutt the comment made by Samsonn25.
Samsonn25 asserted that it is equally likely to go to $100 as it is to go to $1,000, and really I do NOT buy that. Really, I believe that s/he / it is overstating the case and s/he / it is just talking his/her / it's book and attempting to cause and/or spread FUD.
I believe, for the reasons that I already stated, that BTC prices are more likely to reach or at least potentially be able to reach $1,000 than to reach $100.... it is much easier for someone or some entity with a lot of fiat to get into BTC space and to accumulate and to drive prices up than it is for some large entity to get a hold of a lot of BTC and to drive the BTC prices down...
I am also asserting that either $100 or $1,000 is possible or feasible, but in my opinion, I believe that $1,000 is much easier to achieve and much more probable to occur.. even though I have NO real clue about what is going to happen in the short term regarding BTC prices.
January 02, 2015, 02:25:33 AM
@JJG I don't think we can assume to know which is easier making these kind of assumptions is just silly. Bull whales with fiat aren't going to pump it without holding it first hand, so perhaps they're accumulating all the way through this bear trend, perhaps they're not...It's just easier to watch and see what happens...all the while paying attention to how infrastructure is growing in the bitcoin space.
January 02, 2015, 02:19:43 AM
BTC price can go to 100 just as easily as 1000, depends on supply and demand from buyers and seller.
Hahahahahahaha...
I DON'T THINK SO.
IT is much easier for BTC prices to go to $1,000 than to go to $100. All we need is one giant white bull whale.. and Viola.. BTC prices go to $1k and above.
We have seen that there have been months and months and months of driving BTC prices down and attempting to drive the price lower...
Surely, I am NOT asserting that a BTC price of $100 is NOT possible, but a price of $100 does NOT seem probable, and given the totality of circumstances, including investment in BTC infrastructure and the current state of adoption and the various continued entrants into the BTC space and the various BTC expansions - including quasi-institutional entities such as Coinbase and Circle and Bitpay and Second Market etc... it seems less probable and less feasible to achieve a BTC price of $100 than a price of $1k.
January 02, 2015, 02:00:16 AM
January 02, 2015, 01:00:17 AM
January 02, 2015, 12:40:12 AM
come on baby, stay low just a little longer! i need to buy some.
my sentiments exactly
Careful, those sentiments are not taken kindly around these parts...
Happy new year wall observers!
Here's to many more cheap coins in 2015!
"As low as possible for as long as possible"
Here's to many more cheap coins in 2015!
"As low as possible for as long as possible"
With great momentum to my ignore list, happy new year and good bye
January 02, 2015, 12:25:25 AM
come on baby, stay low just a little longer! i need to buy some.
my sentiments exactly
January 02, 2015, 12:05:00 AM
come on baby, stay low just a little longer! i need to buy some.
January 02, 2015, 12:00:16 AM
January 01, 2015, 11:00:16 PM
January 01, 2015, 10:00:17 PM
January 01, 2015, 09:41:47 PM
BTC price can go to 100 just as easily as 1000, depends on supply and demand from buyers and seller.
January 01, 2015, 09:33:48 PM
I think that you make a lot of good points, Richy T... ; however, at the same time, I believe that there is a considerable amount of upside potential for BTC prices in the near future (although I have been making those kinds of assertions throughout 2014). In any event, there have been a lot of positive developments in the bitcoin infrastructure over the past year.
Accordingly, it seems very plausible that BTC is going to experiences at least one or two more exponentially upward price surges (maybe in the 5x to 20x territory) in the coming years - whether such an upward price surge occurs in 2015 remains a point of speculation, at this point.
At this current price point, I am fairly optimistic that 2x to 2.5x price increase is very likely to occur in 2015; however, I believe if prices go beyond a 2.5x price increase, then it seems very likely that prices will shoot past the previous ATH into the $3k to $9k territory... just my own personal sense of the BTC market dynamics.
Accordingly, it seems very plausible that BTC is going to experiences at least one or two more exponentially upward price surges (maybe in the 5x to 20x territory) in the coming years - whether such an upward price surge occurs in 2015 remains a point of speculation, at this point.
At this current price point, I am fairly optimistic that 2x to 2.5x price increase is very likely to occur in 2015; however, I believe if prices go beyond a 2.5x price increase, then it seems very likely that prices will shoot past the previous ATH into the $3k to $9k territory... just my own personal sense of the BTC market dynamics.
I find little to disagree with there. 2015 could be a fairly lackluster year and 2-2.5 does seem like the minimum if things potter along at "doing OK". I hope to see some dramatic gains but we may have to wait for the halving in 2016. I think 2014 will be seen as the year that bubble money went into mining instead of buying bitcoins and the supply of fresh bitcoins being affected accordingly. The hashrate will be the chart to watch I think.
January 01, 2015, 09:00:19 PM
January 01, 2015, 08:00:37 PM
January 01, 2015, 07:40:06 PM
You're back!
January 01, 2015, 07:34:04 PM
And if the price must stay stable for whatever reason, then at least keep it at exactly 100 times pi and show this currency is run by nerds.
1BTC = USD 314.159265359
I was checking the orderbooks and couldn't find any.
edit: Just so that I can tell my kids later, when they are old.
it was rounded
1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3 for the lulz
edit2: some idiot bought it!
1BTC = USD 314.159265359
I was checking the orderbooks and couldn't find any.
edit: Just so that I can tell my kids later, when they are old.
it was rounded
1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3 for the lulz
edit2: some idiot bought it!
Thank you fontas.
January 01, 2015, 07:28:20 PM
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