Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24755. (Read 26712700 times)
November 02, 2014, 04:09:25 PM
i'm currently a bear bull, could go anyway.
November 02, 2014, 04:09:06 PM
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now 
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis. Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales. We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible. The value has gone down since ATH last year, an unexpectedly long down period if you ask me, and it is annoying. What makes me believe still that is only an anomaly, is the other fundamental indicators, like general publicity, difficulty, advances in services and so on.
November 02, 2014, 04:06:57 PM
Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know 
November 02, 2014, 04:00:29 PM
November 02, 2014, 03:59:38 PM
If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
If you are interested in the fate of bitcoin over the next 5-20 years, not just the next few minutes, hours, days, weeks or months, then looking at the last 5 years of price data is more informative than shorter time spans simply because it encompasses more data. It's a question of forest versus the trees.
The burden of proof should be on you to justify why you emphasize a slightly-less-than-one-year timeframe. Other than that it supports a bear argument.
November 02, 2014, 03:58:49 PM
Erdogan you have just stated that bitcoin going to da moon is the only possible outcome.
You are delusional.
You are delusional.
No, I just came back from the future. I have seen it, and it is true.
November 02, 2014, 03:57:31 PM
^Lolyeah, falling like a stone. Just how much are you hodling, inca? Is the wasted effort/embarrassment of pimping your boss investment really worth it?
You should be the one worried about wasted effort, my puppet friend.
November 02, 2014, 03:51:57 PM
^Lolyeah, falling like a stone. Just how much are you hodling, inca? Is the wasted effort/embarrassment of pimping your boss investment really worth it?
November 02, 2014, 03:45:23 PM
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
To anyone who didnt buy in after the last run up the answer it pretty obvious. Zoom out on the price chart.
November 02, 2014, 03:25:56 PM
Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.
Finally waking up from the fantasy?
Haven't seen any of those in a while.
Finally waking up from the fantasy?
We are clearly still in an accumulation/distribution phase. No secret about it. Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise.
Accumulation/distribution happens in every market, even mature and highly liquid ones.
With Bitcoin we see relatively short, heavy accumulation phases where the price sharply rises because demand is higher than supply, followed by longer distribution phases where the price falls because supply is greater than demand. These patterns happen on smaller timescales as well as larger. Check out Richard Wyckoff's work for more insight on how to time these cycles.
The point is, during each trade there are two parties involved, one buying and one selling. During each accumulation, sellers are selling to the buyers at a premium, and during the distribution phase someone is buying all the sold coins at a discount. Distribution comes to an end when the sellers are exhausted and the buyers satisfied. Demand becomes greater than supply again, a bottom is formed, then a markup campaign begins and we do it all again.
November 02, 2014, 03:19:11 PM
sideways
November 02, 2014, 03:09:00 PM
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
November 02, 2014, 03:03:57 PM
The end game is that bitcoin takes over all value. It is the only possible outcome.
of course. Either that or we become a gambling suicidal cult. In any case we have a logical solution.
edit:
November 02, 2014, 03:00:27 PM
November 02, 2014, 02:58:04 PM
We lose $100 million in market cap every day. How long can this continue.
Rhetorical Question
Rhetorical Question
November 02, 2014, 02:57:11 PM
if it break 300 we'll not come back up that fast this time
November 02, 2014, 02:54:16 PM
Erdogan you have just stated that bitcoin going to da moon is the only possible outcome.
You are delusional.
You are delusional.
November 02, 2014, 02:52:47 PM
Yep, three exclamation marks, that is what an event of biblical proportions mean. You could also say !!!!!!.
November 02, 2014, 02:51:18 PM
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
November 02, 2014, 02:50:17 PM
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