Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24494.

LFC_Bitcoin

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Quote from: NotLambchop on November 17, 2014, 08:09:50 AM

Quote from: LFC_Bitcoin on November 17, 2014, 08:05:23 AM

I have no idea why everybody panics & the haters/trolls come out when we go sub 400 USD but when we get to 450 USD 'this is gentlemen'.
...

Do you ever wonder, though, why bulls only trot out "this ain't nothing but noise" rhetoric when Bitcoin price tanks?

In all honesty you're one of the worst.
You seem to enjoy watching the price go down.

It all means nothing at the moment any way unless you're a day trader with 500 BTC, what does a price fall of 30-50 dollars do?

Nothing.

I'm hodling & I'll either make a shit load of money or go down with my sinking ship.

I wouldn't wipe my arse with the difference of 50 dollars or so per BTC trading unless I was dealing with an absolute monstrosity of a stash.

NotLambchop

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Quote from: Jybrael on November 17, 2014, 08:06:15 AM

...Just watch the market and analyze the situation.

psjw4450

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I think this rally is slowing down for now. We might bounce back up to around 418 but after that we are heading back down to 340-350.

NotLambchop

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Quote from: LFC_Bitcoin on November 17, 2014, 08:05:23 AM

I have no idea why everybody panics & the haters/trolls come out when we go sub 400 USD but when we get to 450 USD 'this is gentlemen'.
...

Do you ever wonder, though, why bulls only trot out "this ain't nothing but noise" rhetoric when Bitcoin price tanks?

Jybrael

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Well be patient. They say patience is virtue. So let the trolls continue trolling and ignore them. Just watch the market and analyze the situation.

LFC_Bitcoin

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I have no idea why everybody panics & the haters/trolls come out when we go sub 400 USD but when we get to 450 USD 'this is gentlemen'.

There has been no news good or bad to change the price too much, we'll likely go up and down between 350 - 600 USD for a while.

Suck it up & HODL like a man.

Too many reactionary fools on here lately.

Come back to me & worry or troll about the price if it's still the same in 15 years.

Patience my friends.

wmr42393

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http://nbnews.com.ua/ua/news/136801/?utm_medium=facebook&utm_source=twitterfeed

Poroshenko says to Russia bring on the fight, we are ready

NotLambchop

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Quote from: ChartBuddy on November 17, 2014, 08:01:15 AM

Explanation

Where is your god now?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

galdur

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Quote from: Eastbay on November 17, 2014, 07:44:54 AM

Quote from: galdur on November 17, 2014, 07:16:53 AM

Quote from: Eastbay on November 17, 2014, 07:15:02 AM

fake out or real thing? this could start a drop, hmmm

Well, the constantly microscopic volume is always a concern for BTC bulls I guess.

i wouldnt consider myself a btc bull, im a btc trader and i care about trends and price, your right though, no crazy volume yet... just wondering if its time to close that long and go the other way... hmm

this helps alot, save it as a website (html) and it gives you a four way split of bitcoinwisdom charts, top bitfinex and bitstamp and bottom is chinese exchanges okcoin and huobi

i modified the code but someone else came up with the design, you can put in any bitcoinwisdom chart

Code:

BTC CHARTS

Nice job, thanks a bunch. Good luck, g

BldSwtTrs

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Quote from: oda.krell on November 17, 2014, 07:44:22 AM

Re: Coinbase valuation. I'm not saying the company's valuation (or those of other Bitcoin companies) is unrelated to network valuation, but I am pointing out that a 1:1 comparison ("it's way too high at 10% of BTC mcap") is naive, in my opinion. Two (so far) largely unrelated market dynamics determine the value of one and and the other, and it'll be a while before those dynamics converge enough that this argument will become useful.

How many transactions per day Coinbase is processing? Do we know that?

We could compare that number with the number of transactions of the total network and see if the ratio 1:10 holds.

Of course that wouldn't take into account the store of value feature, but we could incorporate that by putting a velocity number somewhere in the relation since it's this number which that the conceptual bridge between the two features. I think it could be a decent starting point for some BTC valuation models.

NotLambchop

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Quote from: Thomas-s on November 17, 2014, 07:42:37 AM

Quote from: NotLambchop on November 17, 2014, 07:40:53 AM

It seems the order is finally being restored.
Though all four of pig's trotters may occasionally leave the ground, this is not to be mistaken for flight.
Gentlemen.

Heh, will quote you in a few days

Your fanatical conviction is powerless against the scientific inevitability of unfolding history.
Don't die for your puppet masters--stop fighting the war you can not win.

Eastbay

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Quote from: galdur on November 17, 2014, 07:16:53 AM

Quote from: Eastbay on November 17, 2014, 07:15:02 AM

fake out or real thing? this could start a drop, hmmm

Well, the constantly microscopic volume is always a concern for BTC bulls I guess.

i wouldnt consider myself a btc bull, im a btc trader and i care about trends and price, your right though, no crazy volume yet... just wondering if its time to close that long and go the other way... hmm

this helps alot, save it as a website (html) and it gives you a four way split of bitcoinwisdom charts, top bitfinex and bitstamp and bottom is chinese exchanges okcoin and huobi

i modified the code but someone else came up with the design, you can put in any bitcoinwisdom chart

Code:

BTC CHARTS

oda.krell

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Re: Coinbase valuation. I'm not saying the company's valuation (or those of other Bitcoin companies) is unrelated to network valuation, but I am pointing out that a 1:1 comparison ("it's way too high at 10% of BTC mcap") is naive, in my opinion. Two (so far) largely unrelated market dynamics determine the value of one and and the other, and it'll be a while before those dynamics converge enough that this argument will become useful.

Thomas-s

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Quote from: NotLambchop on November 17, 2014, 07:40:53 AM

It seems the order is finally being restored.
Though all four of pig's trotters may occasionally leave the ground, this is not to be mistaken for flight.
Gentlemen.

Heh, will quote you in a few days

NotLambchop

sr. member

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It seems the order is finally being restored.
Though all four of pig's trotters may occasionally leave the ground, this is not to be mistaken for flight.
Gentlemen.

justusranvier

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Quote from: galdur on November 17, 2014, 07:35:06 AM

Well, compared to stocks and forex it´s just pocket lint.

So, why doesn´t BTC have any volume to speak of ?

What keeps big investors off ?

Is it the totally unregulated and scam-ridden marketplace ?

Is it the primitive "exchanges" , which may or may not
exist tomorrow ?

Bitcoin is developing in a way that makes it naturally more resistant to those parasites.

I hope they stay away for as long as long as possible.

Let them stay in their own little sandbox and eventually 100% of the paper that nobody else wants.

N12

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Quote from: BldSwtTrs on November 17, 2014, 07:37:06 AM

And the future cash flows of Coinbase are riskier than future Bitcoin utilization because Coinbase have competitors whereas BTC have no credible one.

Great point, I hadn't even considered that. Bitpay is certainly more of a competitor to Coinbase than any current altcoin to Bitcoin.

BldSwtTrs

legendary

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Coinbase value comes from its expected future discounted cash flows.

Where do the future cash flows of Coinbase come from? From Bitcoin utilization.

There is a link imo. And the future cash flows of Coinbase are riskier than future Bitcoin utilization because Coinbase have competitors whereas BTC has no credible one.

Phillis

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meh closed the long, looks like we may go sideways for a bit

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24494. (Read 26711601 times)