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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27653. (Read 26711840 times)

legendary
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Sine secretum non libertas
In other words, the current exchange rate implies  that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.

I would be breaking my promise if I were to say more than that while this is reasonable if you accept the precedent of the implied discounting curve derived from bitcoin's historical price series, I have two counter-arguments, (1) that the bitcoin discounting curve was extreme because crypto itself was much less well-proven as a concept and technology -- the threats which btc defeated are unlikely to arise again, and (2) that the bitcoin discounting curve was very long because adoption ground had not been broken, while the mro adoption phase, if it manifests at all, will almost certainly be much, much shorter.  Therefore, I will have to defer any calculations based on re-parameterizing the discount curve to the MRO thread, where it belongs: https://bitcointalksearch.org/topic/m.6883247
 
hero member
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BintexFutures
hero member
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hero member
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BintexFutures
sr. member
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Agent of Chaos
When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?

How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?

When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?

I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.

There are sell-offs all the time. You mean, how far will we get before we see the first major retracement, right?

My guess is ~620.

If I as the "uber Bull" have been quiet today it is because BitchicksHusband informed me just this morning that he had to "sell off" BTC2 yesterday to pay some bills (partially because of Kings playoff tickets and his monthly payment for his new car ).  I said, "Right during a rally!!?"  I would have rather left some balance on our credit card and kept the coins!  Don't come between a Chick and her coin stash!!!  Angry

But that said, some of us are not planning on selling off until much later than $620!  If I had my way, I would just wait until $100,000 per coin.  Grin

We're talking different time frames.

I'm sure you know by now it never goes up in a straight line. ~620 is simply my bet when we'll see the first large enough profit taking to make us take a step back and catch our breath.

Oda,

I spent an hour last night mapping out all the major resistance levels from here to 1000. 620 was not on my list.

Why is that number significant to you?

It is significant to me because it was a pivot point 3 times on the daily chart during March and April. So I think there is resistance there:

legendary
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legendary
Activity: 2338
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I seriously need to go to the bank on monday and get some loans lol!
sr. member
Activity: 274
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China bans just on June 31th.

legendary
Activity: 2156
Merit: 1070
When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?

How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?

When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?

I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.

There are sell-offs all the time. You mean, how far will we get before we see the first major retracement, right?

My guess is ~620.

If I as the "uber Bull" have been quiet today it is because BitchicksHusband informed me just this morning that he had to "sell off" BTC2 yesterday to pay some bills (partially because of Kings playoff tickets and his monthly payment for his new car ).  I said, "Right during a rally!!?"  I would have rather left some balance on our credit card and kept the coins!  Don't come between a Chick and her coin stash!!!  Angry

But that said, some of us are not planning on selling off until much later than $620!  If I had my way, I would just wait until $100,000 per coin.  Grin

We're talking different time frames.

I'm sure you know by now it never goes up in a straight line. ~620 is simply my bet when we'll see the first large enough profit taking to make us take a step back and catch our breath.

Oda,

I spent an hour last night mapping out all the major resistance levels from here to 1000. 620 was not on my list.

Why is that number significant to you?
hero member
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BintexFutures
going up again shortly. Just broke the third pennant.

watch.
sr. member
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Agent of Chaos
It looks like the bulls are back. Kind of low volume, but some seem eager to take out that wall around 530. Wonder if it will get eaten.... or pulled
legendary
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WePower.red
Has China banned Bitcoin this week yet?
hero member
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Huobi seems to be the only market with a surplus of money... hopefully they have enough to keep this rally going.

It is what I was thinking. For an exchange who is supposed to be cut off from banks and without margin trading it is not that bad  Cheesy

okcoin is leading, huobi just following, then bitstamp. i followed the charts.
elg
full member
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wall at 530 seems a real one....
legendary
Activity: 2338
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Are we due for another rally already? lol
legendary
Activity: 2324
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I'm putting what will be the future. Bitstamp adopted it, Fidor Bank adopted it, soon Kraken and Itbit and people are still doubting there is something interesting behind ripple ?

It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Tell that to the Ripple founder, Jed McCaleb who just decided to SELL SELL SELL.

Shit. The only credible competitor to Bitcoin. Just up and died.

RIPple


The whatnow? Competitor of Bitcoin? Credible? I think you're confused Cheesy
legendary
Activity: 1458
Merit: 1006
I'm putting what will be the future. Bitstamp adopted it, Fidor Bank adopted it, soon Kraken and Itbit and people are still doubting there is something interesting behind ripple ?

It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Tell that to the Ripple founder, Jed McCaleb who just decided to SELL SELL SELL.

Shit. The only credible competitor to Bitcoin. Just up and died.

RIPple
legendary
Activity: 896
Merit: 1000
Huobi seems to be the only market with a surplus of money... hopefully they have enough to keep this rally going.
legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
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I got Satoshi's avatar!
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness Smiley
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.

In my opinion there is no way to do this fairly (who will receive and who won't? There will always be an argument against it) and therefore doing so will result in the opposite effect.

The reason I jump on this so much is the damn socialistic parties in my country who can't seem to understand the difference between "fair" and "equal" and therefore think it's fair to rob people.
Difficult decision, sure, but who knows what the future holds when all you need to receive bitcoin is a mobile phone number, get a list of every number in the poorest places on earth and send them. I'm not saying I'd know how to do that, but I didn't create bitcoin...
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