Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26431.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: adamstgBit on August 12, 2014, 08:26:47 AM

its really looking UP, why is price going down? maybe the ether sale is making alot of old coin come out of the closet?

Could you elaborate on this?? I think if people are buying ether, their coins get to the people behind the whole ether project... Have they sold their coins? I think they haven't moved yet, right? What do you mean, old coins are coming out of the closet?

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

Quote from: Tzupy on August 12, 2014, 08:28:13 AM

Quote from: adamstgBit on August 12, 2014, 08:17:49 AM

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread. Grin

lol that is interesting.

but we seen enghout of that... at this point, 568 this is pretty disastrous... lets see if my bid filled i went all in last night...

fonsie

sr. member

Activity: 434

Merit: 250

I am not sure if a horse shit value is very high, but a horse his shit could in itself be of very high value, but only if cow shit supply is low.

Sandia

full member

Activity: 182

Merit: 100

Quote from: Threebits on August 12, 2014, 04:15:58 AM

Quote from: JorgeStolfi on August 12, 2014, 03:28:07 AM

[
We do not know whether the number of "bitcoin users" is increasing.

It is quite a surprise that there's no concrete information confirming increasing users, though news is flying daily for more adoption!

Giving it a careful consideration, I agree Jorge's comment. Anyone have different opinion.

If users are not convinced to increase, Metcalfe's law is not valid for bitcoin. How do we get to be convinced for increasing users?

It's a pseudonymous currency, of course we don't know the number of users or adoption rates. And we likely never will unless people volunteer to answer surveys or something similar.

We do know that outside corporations seem to believe adoption is growing, or possibly that they wish for it to grow. The evidence is increasing adoption by businesses. Why did Visa state that they could incorporate bitcoin into their system? Why did Global Payments allow bitcoin payments to their clients? Either a) increased adoption is happening, or b) they want increased adoption to occur.

Tzupy

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Activity: 2170

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Quote from: adamstgBit on August 12, 2014, 08:17:49 AM

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread. Grin

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: HarmonLi on August 12, 2014, 08:18:35 AM

Do you guys think that the bid/ask ratio on Stamp could in reality be manipulation at its finest? I mean, they could just withdraw their FIAT to the sidelines and wait for everyone to panic. Has this happened before?

I like to Imagine its not for show

sure theres some big players putting up small walls on the front lines to manipulate one way or the other...

but for a while now the walls have all been mostly real, it use to be walls would often crumble under pressure, or dissapear at the tinyest nibble, we dont see that anymore, its costing more and more to manipulate the market.

i see it as market manipulation is now becoming market making.

its really looking UP, why is price going down? maybe the ether sale is making alot of old coin come out of the closet?

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

We're just about to enter another bull-trap Cheesy

So everyone who just shorted, please go and panic as well! This is the right time to buy back Wink

Trust me, seen this in the 80s all the time!

mmitech

legendary

Activity: 1148

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things you own end up owning you

Quote from: empowering on August 12, 2014, 08:14:03 AM

Quote from: mmitech on August 12, 2014, 07:55:08 AM

Quote from: aminorex on August 12, 2014, 07:46:08 AM

Quote from: Kipsy89 on August 12, 2014, 07:34:30 AM

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again)

PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not.

SUPPLY - DEMAND

VALUE - PRICE

PRICE is what you pay and VALUE is what you get.

This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh

I don't care what they taught you in school but a value of a thing is what it can be exchanged for (which in our age is compared to the currency we use)...the price is defined by supply and demand.

your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ?

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Do you guys think that the bid/ask ratio on Stamp could in reality be manipulation at its finest? I mean, they could just withdraw their FIAT to the sidelines and wait for everyone to panic. Has this happened before?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

568 this is pretty disastrous... wtf is happening...

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Never a bad idea to buy, hold, wait, then sell. With a long gap. Of course it depends, but for example, our favorite scenario would be to buy last year, and sell next year.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: mmitech on August 12, 2014, 07:55:08 AM

Quote from: aminorex on August 12, 2014, 07:46:08 AM

Quote from: Kipsy89 on August 12, 2014, 07:34:30 AM

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again)

PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not.

SUPPLY - DEMAND

VALUE - PRICE

PRICE is what you pay and VALUE is what you get.

This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: mmitech on August 12, 2014, 07:59:57 AM

Quote from: fonsie on August 12, 2014, 07:57:50 AM

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side not, what I am doing is not your fucking business.

Not sure what a side not is, but it is my right as a bitcoin hodler to express my discomfort of the presence of a not-holder.

BAM donkey kong Grin

tuuuuut whoppa mmmm suc tech, power, oink

EDIT: you missed quite the rise to 2000$ by selling too early.

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: mmitech on August 12, 2014, 07:59:57 AM

Quote from: fonsie on August 12, 2014, 07:57:50 AM

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side not, what I am doing is not your fucking business.

Hahaha, maybe you should just stay in the game with a single satoshi, so you can still tell people to shut up or tell them your opinion, and they can't shun you for not having any BTC, man Cheesy

fonsie

sr. member

Activity: 434

Merit: 250

BREAKING NEWS

It happened I just sold 1 satoshi for a price of 2000$/BTC, UPDATE YOUR TICKER PRICES, new ATH

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: fonsie on August 12, 2014, 07:57:50 AM

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side note, what I am doing is not your fucking business.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Schickeria

member

Activity: 84

Merit: 10

Quote from: mmitech on August 12, 2014, 07:55:08 AM

Quote from: aminorex on August 12, 2014, 07:46:08 AM

Quote from: Kipsy89 on August 12, 2014, 07:34:30 AM

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

This is more a philosophical question. You are both correct.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: aminorex on August 12, 2014, 07:46:08 AM

Quote from: Kipsy89 on August 12, 2014, 07:34:30 AM

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

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