Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27924. (Read 26623548 times)

a shit ton of poeple have already gotten rich off of the emergence of digital currency

welcome to 2014

If we really do capitulate to $200 or lower, a lot of people are going to get crazy rich off this thing!

I guess that is a good sign. Hopefully the trend change is in the right direction though.

the last 48 hours

Price instability is the sign of a trend change.

Whats not normal to you?

im not a day trader but i watch the charts allot and this growth doesnt look normal compared to any spikes iv watched since december which all happend to end with a dump... could this be the start of the next uptrend and eventually the next major rally?

the moon is far away!

well it was 101 on btce

I heard that hundreds times from January and till now in 2014 price never was even close to $200.

we are heading to 200$

Are you sharpening your knives for hari kari?

We are almost at the future... May that is.   

How would you know if the transactions are coming from the "same account?"

BJA :  It seems to me that you are being too generous to Jorge.  Jorge's assertion about early adopters wanting to benefit from a monopoly nature that may exist in  bitcoin is so speculative and fanciful that it is barely worthy to be addressed.

First, hardly anyone, except for the truly fanatical are really of the belief that anytime in the near future bitcoin could replace all currencies and payment systems... and very rosey outlooks would put bitcoin replacing 25% of all currencies and payment systems (which would be more than a $25 trillion market cap and $2.5 million per BTC).  These kinds of projections seem to be far above and beyond the speculations of even the most bullish of BTC enthusiasts.

Second, bitcoin could achieve some fraction of success, such as taking over less than 5% of all currencies and payment systems to cause early adopters of BTC to be rich beyond their wildest dreams and beliefs (as long as they had hung on to a fraction of their coins).  In this kind of fraction of success scenario, 5% of all would put BTC  at about a $5trillion market cap and would signify about $500k per BTC.  Just holding 2 BTC would put someone as a BTC millionaire with only a fraction of BTC representing currencies and payment systems.

Third, I really question what the fuck difference it makes whether some early bitcoin adopters acquire some wealth.  Just seems like some people are acting and whining about being butt hurt by the mere thought of early adopters potentially gaining some wealth, and even if some early adopters are able to hang onto some of their bitcoins and become rich beyond their wildest dreams, we already know that as BTC prices increase, many BTC are already going to be distributed to the already rich (the status quo rich) b/c regular people are genuinely confused, ill informed and ignorant about the value prospects of BTC,

Fourth, even if bitcoin prices were to become somewhat highly priced for regular people, so what, it does NOT matter b/c people can buy into BTC at fractions, and those fractions will continue to grow, so long as the peeps have enough foresight to HODL Dem.... and when they HODL dem for over 20 years, or 40 years or whatever happens to be their savings timeline, then the money that was held in BTC will have appreciated value at a better rate than other asset classes... so even poor people would be able to benefit by the adoption and proliferation of a BTC currency/storage of value system.

I am waiting all day long for $420 or $460 ... both wont happen perhaps ...

Tomorrow a Big day! +$100 my predictions says.

Explanation

should we sell all our coins dollars

we are approaching a singularity in the spacetime market