Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25206. (Read 26608818 times)

The rest was wasted.

This is extremely wise

Explanation

Actually, because lambo accepts BTC. I'd also settle for a porsche or ferrari, since BTC has already bought me a nice mercedes and a house. Geeks and nerds? I spend 20% of my income partying and traveling for football games.

Because they think expensive cars will get them laid, but they don't know shit about expensive cars so they go with the only one they know about? Of course, they completely disregard the fact that the only women that will sleep with them simply because they have an expensive car is very likely to give them an STD, but that's neither here nor there, I suppose.

For clarity sake, I am going to attempt briefly respond to each of your questions in the order that you presented them:




Your way of phrasing this question is quite weird - it is like you are trying to summarize what I have said, but I never said anything near what you seem to be assuming in the question.


But I would still more or less agree that the value of bitcoin could be either of those prices.  Let me elaborate a bit.

Bitcoin has already been $1, so it has gone through that price range, and surely it could return to that price, if events develop in a certain direction to cause the price to move in that direction.  A lot of events could cause bitcoin to return to that $1 price range, but the more and more infrastructure is built around BTC, the less and less likely bitcoin would return to $1 because likely people are going to be willing to pay more than $1 per BTC for quite a long time to come.

Regarding the $1million price point, surely that is possible, also; however, the bitcoin infrastructure does NOT seem to be even close to be able to accommodate such a price in the near term.  Probably the infrastructure could currently support up to a $20k price, but probably only up to about $3-5K is sustainable with the current state of the infrastructure... though there could be peaks into the $12k or higher arena.  

As you probably already know, lot's of things have to happen for price to go up and to be sustainable, and surely I am NO expert... even though you were asking me what I think.







This pizza situation was 2010-ish?  It was the agreed to amount that the parties were then willing to transact, and so it was likely neither a ripoff or a bargain.  Surely, later we can look at the transaction from another lens, but at the time, they seem to be transacting for the current value of what the parties were willing to transact, and the facts do NOT establish that either party was in any duress while they were transacting.




I believe this is pretty much the same answer, as the pizza answer.  There were a lot of people transacting bitcoins in the $1,000 to $1,500 price arena between late November 2013 and early December 2013.  BTC prices elevated in some places to over $1,000 again for short periods in early January 2014.  These prices were what people were then willing to pay for BTC.








I believe that here you seem to be mixing up concepts or at least conflating a lot of ideas.  BTC prices are exchanged for fiat, but the exchange rates are NOT pegged, but yes, when people buy and sell they use those prices to figure out whether they want to buy or sell.

I don't know the philosophy behind exchanges beyond that people can buy and sell their BTC, and I do agree with you that people speculate and they make money, but making money is NOT the sole purpose as far as I understand... b/c merely buying and selling may NOT make you money but you are able to either acquire BTC or liquidate your BTC through exchange services.  And the exchange price can be used to determine other Over the Counter values, too.






I do NOT understand what you are attempting to achieve with your various questions and assertions, but some of your ideas do NOT come across as very well thought out.  You seem to be ranting on and jumping to conclusions, and there also seems to be quite a bit of emotions in your assertions that seem to be misplaced.  Yes, some people may speculate with BTC and gamble with BTC values; however, NOT everyone is engaging in this activity.  And some theories are that traders and speculations is good to lessen price volatility, but anyhow, along the same lines some people may strive to get rich, and some may make mistakes.  

Anyhow, the extent to which the price of BTC goes up or down and the timeline for such price movements is based on a large variety of factors, and some people have gotten rich and some have gotten poor from their involvement in BTC and/or their BTC investment strategies.  

In the end, so what?    Are you proposing any solutions?  I would suggest that you study up on various aspects of BTC first before you begin to prescribe various solutions, b/c your various assumptions seem to be overly simplified... from my reading.  I am NOT trying to be argumentative or derogatory - I am merely reacting to the contents of your post.

It is a way for some people of showing their wealth which greatly increase their chance of success with greedy females.
*If you consider that most females are greedy then it increase your chance with females.

It is also a way of showing your social status and get respect from your peers (if they like Lambo too otherwise they'll think you're just an insecure small dick).

Why do nerds/geeks have such an obsession with "lambos": is it some sort of compensatory reflex?

I don't give a damn about the price.
I'm paid in crypto, I spend in BTC.

I hodl everything in crypto because I hate the banking system.
It doesn't matter if my health fluctuate.
It does matter that banks & state do not have my money.

Shitting? Fear? No, this has all happened before and will probably happen again..

Irritation, annoyance, yep... I wanted to buy a lambo before I turned 24 damn it.

You can get a chromebook or cheap laptop for $300

btw I wasn't calling btc a ponzi at all, I was referring to the venture capitalists and their stakes in zero revenue tech companies with high userbases.

Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up  for $20 and calling the next bubble and reversal !!!!?  what a delusion, you have been doing this since $800


And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

random rumor













the wheel turns.....


now my Bitcoin can't buy a Laptop!

in the meantime $335 btc now we just need another 31 days of this at @ $35 uptick a day to get to 1100 again

yeah you betcha (still better odds then the lottery)

There are a lot of overhyped, overvalued companies that get investment, and go for round after round of seed money, and often time the only purpose of an investment in a business is the hope they'll raise more funds later on and thus make their stake more valuable.  If the only purpose is to increase income then I think that is nearly a ponzi, isn't it?

My income is entirely in btc. I did sell 60 this month at $380 but technically i'm buying in on a daily basis, to the tune of around $500-600

I have $20k that I haven't bought back in with yet. I'm actually more comfortable with the amount I have in btc right now (around 40 currently) so I can only assume I was overinvested, as I was far  too emotional about it. I'll keep "buying back in" via my income in btc, but I think I'll put the $20k into a nice mutual fund or ETF

Now, you seem to be talking your book... and once you buy back in, you will fix this kind of language, hopefully?  It's a bit charged to be throwing out the "nearly a ponzi" language.... b/c that is nearly total BS.

In other words, you are still holding out concerning when you are going to buy back in.

You may want to be safe and buy back part, so that you are NOT gambling all of your stash.. but I have my doubts if prices are going lower than they did yesterday, any time in the near future.... though anything seems possible in bitcoinlandia.

Yes, Bravo