Are we seeing now the lowest point in bitcoin price for the next 6 months?
Probably the highest point in the next 6months.
100% true, never again $ 500
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27891. (Read 26634299 times)
May 01, 2014, 03:28:56 PM
Probably the highest point in the next 6months.
100% true, never again $ 500
May 01, 2014, 03:28:27 PM
lol
This is from national anthem of Russia. Quote
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Quote
Be glorious, our free,
Age-old union of brotherly peoples,
Ancestor given wisdom of the people!
Glorious, country! We are proud of you!
Age-old union of brotherly peoples,
Ancestor given wisdom of the people!
Glorious, country! We are proud of you!
May 01, 2014, 03:27:48 PM
Are we seeing now the lowest point in bitcoin price for the next 6 months?
Probably the highest point in the next 6months.
May 01, 2014, 03:27:17 PM
One of the biggest questions is whether you tried to resist the crime, so the fact that you "couldn't resist" necessarily makes it not entrapment.
Yeah, I tried to resist, I was mentally torn for hours before actually buying, I just couldn't resist; prove to me that I wasn't. /sarcasmYou could always ask everyone if they are the FBI before buying coins from them, that should keep you in the clear
Asking whether someone is FBI is NOT going to help.. b/c they will lie to you. Just do NOT talk about illegal activities with strangers while you are engaged in BTC transactions whether you are buying BTC or selling BTC... I could give a flying fuck about their multiple illegal activities that they want to do, but if they are wanting to tell me about their multiple illegal activities, then that should raise a red flag. Additionally, I am NOT going to volunteer my intentions to engage in illegal activities (if I happen to have any such intentions).
May 01, 2014, 03:24:04 PM
May 01, 2014, 03:21:55 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
After MtGox we lose 4,000 adopters monthly
After five months of decline prices we lose 4,000 adopters monthly
China ban bitcoin every 20-30 days and every time the price is halved
May 01, 2014, 03:21:34 PM
Are we seeing now the lowest point in bitcoin price for the next 6 months?
May 01, 2014, 03:20:52 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
Im confused, where does the 30 figure come from? Thats not supposed to be the average investment is it? Because it should be about a tenth of that.
Plus most of those accounts are probably not "unique"
30 days per month
May 01, 2014, 03:20:17 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
Im confused, where does the 30 figure come from? Thats not supposed to be the average investment is it? Because it should be about a tenth of that.
days i'm guessing. AKA 1 month
Ohhh, shit, its daily. Then that is impressive...
May 01, 2014, 03:19:34 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
Im confused, where does the 30 figure come from? Thats not supposed to be the average investment is it? Because it should be about a tenth of that.
days i'm guessing. AKA 1 month
May 01, 2014, 03:18:06 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
Im confused, where does the 30 figure come from? Thats not supposed to be the average investment is it? Because it should be about a tenth of that.
Plus most of those accounts are probably not "unique"
May 01, 2014, 03:12:31 PM
As long as BTC is concentrated in the hands of people who have a negative fiat cash flow outside of BTC appreciation, selling pressure will continue.
But it isn't. Almost no one holding BTC is unable to accumulate more.
If you invested balls to the walls in BTC at higher amounts, then you may not have any fiat left that you can invest.
May 01, 2014, 03:11:22 PM
"How long will it take to generate all the coins?
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC."
https://en.bitcoin.it/wiki/FAQ
http://en.wikipedia.org/wiki/Bitcoin
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC."
https://en.bitcoin.it/wiki/FAQ
http://en.wikipedia.org/wiki/Bitcoin
The "at or near" part is what I'm bringing to your attention, because the reasoning behind your original post on the matter suggested a lack of understanding of that fact.
May 01, 2014, 03:11:11 PM
135000 new bitcoin every month x current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
someone needs to pay it with real money. But who ?
There are 4,000 new accounts every day only at My Wallet
https://blockchain.info/charts/my-wallet-n-users?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
4,000 * 30 = 120,000 new adopters monthly ... not enough bitcoins for everyone.
May 01, 2014, 03:10:54 PM
lol
Quote
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Quote
Be glorious, our free,
Age-old union of brotherly peoples,
Ancestor given wisdom of the people!
Glorious, country! We are proud of you!
Age-old union of brotherly peoples,
Ancestor given wisdom of the people!
Glorious, country! We are proud of you!
May 01, 2014, 03:10:26 PM
You do realize that nothing needs to be certain, only "beyond a reasonable doubt" to get a conviction, right? If someone goes on a website designed to distribute something, then purchases that something after seeing an ad, it's pretty reasonable to think that they intended to buy that something regardless of which ad they read.
To say that it is an unreasonable assumption would surely be independent thought, but independent does not mean correct.
EDIT: Let's try this with something legal that isn't bitcoin to see if it sticks. I want to buy the most beautiful bow for my daughters birthday present. I go on etsy or some shit and start looking up bows. I see this one ad with this terrific bow, it's so beautiful and perfect! So I buy it. Wouldn't it be reasonable to say if I didn't see that ad, I would not have simply given up on buying bows, but rather would have bought a different bow?
Let's say a friend of mine told me about this site localbitcoins.com and I went there to go and see what this bitcoin thing was all about with no intention to buy, but I saw this ad (put up by the FBI) and I just couldn't resist because it was just so easy.To say that it is an unreasonable assumption would surely be independent thought, but independent does not mean correct.
EDIT: Let's try this with something legal that isn't bitcoin to see if it sticks. I want to buy the most beautiful bow for my daughters birthday present. I go on etsy or some shit and start looking up bows. I see this one ad with this terrific bow, it's so beautiful and perfect! So I buy it. Wouldn't it be reasonable to say if I didn't see that ad, I would not have simply given up on buying bows, but rather would have bought a different bow?
There are probably 100's of examples for both arguments, so it would all go down to your day in court and how you handle yourself, I guess.
It is a pretty rare case that would make it all the way to court. You are going to feel a lot of pressure to settle. The facts have to be that you are either saying that you are engaging in illegal activity or facilitating someone else to engage in illegal activity. To protect yourself, you should NOT be engaging in transactions with people who are telling you that they plan to engage in illegal activities with their BTC.
May 01, 2014, 03:08:55 PM
Around ten years from now only 450 or so coins will be mined per day. There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them. 
21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.
This is a pedantic observation, but since you're an obvious substanceless troll, it's worth pointing out that it does depend on hashrate, because retargeting is never perfect to exactly 10 minutes over a difficulty period, so in the face of increasing network hashrate, the rate at which new coins are mined does depend on how fast the hashrate is growing.
Around ten years from now only 450 or so coins will be mined per day. There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.
21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.
This is a pedantic observation, but since you're an obvious substanceless troll, it's worth pointing out that it does depend on hashrate, because retargeting is never perfect to exactly 10 minutes over a difficulty period, so in the face of increasing network hashrate, the rate at which new coins are mined does depend on how fast the hashrate is growing.
"How long will it take to generate all the coins?
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC."
https://en.bitcoin.it/wiki/FAQ
http://en.wikipedia.org/wiki/Bitcoin
May 01, 2014, 03:08:09 PM
Around ten years from now only 450 or so coins will be mined per day. There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.
21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.
Even without mtgox demand outstrips supply by 10x atleast. Look at avg daily volume divide by 10. Now you know your answer if you know 1+1=2 gluck.
... what on Earth does daily volume have to do with demand?
May 01, 2014, 03:06:08 PM
You really need a primer in how the finance world is structured, Jorge. I recommend Veale, "Stocks Bonds Options Futures". (While I am at it, many of the forum posters would probably be interested in Kuznetsov, "The Complete Guide to Capital Markets for Quantitative Professionals", which was my vademecum during my first month working at a fixed income fund.)
Being on "Wall St" (which is really midtown now, and has been for about 50 years or so) it is clear to me that you are describing sell side business operations. There are two primary categories of participants in securities markets: The sell side and the buy side. Wall St. is in bitcoin in a very small way. Some funds are buying mined coins on contract. Lots of people on the street hold in personal accounts. Most lines of business are oriented towards rent-seeking and tightly managed risk. I'm sure that some market makers are looking at providing btc options and futures, but it will be slow in maturing. In terms of mainline buy side participation, that's very limited, and mostly in private capital accounts. None of these will make big splashes, because they are smart money, and they know better. Retail offerings will come from sell siders creating product, and that will be dumb money, and it will make a big splash.
Thanks. I admit that I have a vey foggy (to be generous) idea of what people here mean by the term "Wall Street". I though that "Wall Street investing in bitcoin " meant companies like Fortress buying bitcoins as an asset that they expected to increase in value, just as they could invest in gold.Being on "Wall St" (which is really midtown now, and has been for about 50 years or so) it is clear to me that you are describing sell side business operations. There are two primary categories of participants in securities markets: The sell side and the buy side. Wall St. is in bitcoin in a very small way. Some funds are buying mined coins on contract. Lots of people on the street hold in personal accounts. Most lines of business are oriented towards rent-seeking and tightly managed risk. I'm sure that some market makers are looking at providing btc options and futures, but it will be slow in maturing. In terms of mainline buy side participation, that's very limited, and mostly in private capital accounts. None of these will make big splashes, because they are smart money, and they know better. Retail offerings will come from sell siders creating product, and that will be dumb money, and it will make a big splash.
By the way, about mining: China's foreign trade balance could profit from it in two ways, by mining bitcoins that they could sell in the West for dollars, and by selling hardware to miners. Are there estimates of how much (dollars) those activities amount to?
May 01, 2014, 03:04:05 PM
Around ten years from now only 450 or so coins will be mined per day. There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.
21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.
This is a pedantic observation, but since you're an obvious substanceless troll, it's worth pointing out that it does depend on hashrate, because retargeting is never perfect to exactly 10 minutes over a difficulty period, so in the face of increasing network hashrate, the rate at which new coins are mined does depend on how fast the hashrate is growing.
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