bears are dead. nice try, not! nice day trading set up. better watch out for green candles, they come fast and tall in this market.
You might be right, but boy are you setting yourself up for some humble pie if you're not.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28068. (Read 26710278 times)
April 22, 2014, 07:05:13 AM
bears are dead. nice try, not! nice day trading set up. better watch out for green candles, they come fast and tall in this market.
You might be right, but boy are you setting yourself up for some humble pie if you're not.
April 22, 2014, 07:02:51 AM
Bears are really weak these days 
April 22, 2014, 07:00:22 AM
April 22, 2014, 06:59:48 AM
bears are dead. nice try, not! nice day trading set up. better watch out for green candles, they come fast and tall in this market.
April 22, 2014, 06:53:47 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
Absolutely. It's hardly decentralised and is ripe for manipulation at any point by large holders.
And not to mention that Rpietila is in the famous 500 supernodes!
But actually the way to think is: we know Bitcoin market cap for certain. What we don't know is the number of owners. If there is 500,000 owners, then they own twice as much by dollar value. Which means that it can go up even more because there is more people left!
ADD: Coinbase alone has more than a million customers, or do you think everybody registers with multiple accounts?
And USA is about 40% of Bitcoin activity...
A million customers...that is pretty unbelievable.
Remember that a lot of people tough that the actual number of Mt.gox users was way higher than the February outcome revealed.
And their website being outside 1000 top us websites by traffic doesn't add too much confidence.
With only 37 millions transactions in the blockchain and with the number of daily one being constant from may last year between the 50-70k range...
I doubt there are that many bitcoin users or HODLERS.
April 22, 2014, 06:50:58 AM
Non-pershable food is a great investment in any circumstance. It doesn't have to be a doomsday - it could just be a hurricane, a flood, or something like that. You could even take it camping. It will probably rise in value as a commodity. You could sell it. In a worst case scenario, if you never have the need to use it and can't sell it, you could still... eat it and save money over eating out.
Most of the NON-perishable food that I looked at has ingredients of worse than cardboard. Really, it could kill you from the various anti-nutrition components. Surely, it would keep you alive in an emergency... but i would NOT recommend eating it for the purpose of saving money b/c when you end up with various negative health outcomes, it is just NOT worth the savings.
April 22, 2014, 06:46:25 AM
Non-pershable food is a great investment in any circumstance. It doesn't have to be a doomsday - it could just be a hurricane, a flood, or something like that. You could even take it camping. It will probably rise in value as a commodity. You could sell it. In a worst case scenario, if you never have the need to use it and can't sell it, you could still... eat it and save money over eating out.
Most of the NON-perishable food that I looked at has ingredients of worse than cardboard. Really, it could kill you from the various anti-nutrition components. Surely, it would keep you alive in an emergency... but i would NOT recommend eating it for the purpose of saving money b/c when you end up with various negative health outcomes, it is just NOT worth the savings.
April 22, 2014, 06:45:36 AM
I think we need more volume before making assumptions on the direction of the trend. After a very quiet weekend the first real but of voume should give the direction.
April 22, 2014, 06:38:15 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
not helping your argument when the price is going up....
It is?
well Im just looking with my humble eyes, but if you want confirmation, look at the 3d macd. lotsa people think thats looking good right now.
You spoke in present tense. I don't see the price going up presently.
which scale? 1m, 5m, 15m, 1h? 1d? it went up a bit just there!
.... the relevant low to the uptrend I am referring to is 339, and the high is 547. the price is right now 500 on Huobi. and it's not exactly going down. the bears are very weak below 3100, each really is rejected at a higher level.
April 22, 2014, 06:37:01 AM
Current Bitcoin Inflation rate: Averaging 4,000 btc mined per day. 120,000 New btc per month
https://blockchain.info/en/stats
https://blockchain.info/en/stats
April 22, 2014, 06:33:29 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
not helping your argument when the price is going up....
It is?
well Im just looking with my humble eyes, but if you want confirmation, look at the 3d macd. lotsa people think thats looking good right now.
You spoke in present tense. I don't see the price going up presently.
April 22, 2014, 06:32:23 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
not helping your argument when the price is going up....
It is?
well Im just looking with my humble eyes, but if you want confirmation, look at the 3d macd. lotsa people think thats looking good right now.
April 22, 2014, 06:28:18 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
not helping your argument when the price is going up....
It is?
April 22, 2014, 06:25:23 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
not helping your argument when the price is going up....
April 22, 2014, 06:23:57 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
April 22, 2014, 06:21:38 AM
Its now starting to get boring. I need big swings and lots of gifs to pass my time.
April 22, 2014, 06:17:03 AM
I think bitcoin is safe. the largest holder has proven to behave very responsibly with his stash, and so have many others. The incentive he has written into the protocol works outside of the protocol as well. nobody wants to fuck it up now.
..... as for the coins not hoarded...... who cares.
..... as for the coins not hoarded...... who cares.
April 22, 2014, 06:14:53 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
Litecoin is your answer
April 22, 2014, 06:07:12 AM
I think Bitcoin will be safe again when:
1. The average holder is not sitting on a massive profit.
2. The average holder's net worth is less than 25% Bitcoin.
'average holder' is weighted by amount of bitcoins held.
1. The average holder is not sitting on a massive profit.
2. The average holder's net worth is less than 25% Bitcoin.
'average holder' is weighted by amount of bitcoins held.
April 22, 2014, 06:04:02 AM
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
Absolutely. It's hardly decentralised and is ripe for manipulation at any point by large holders.
And not to mention that Rpietila is in the famous 500 supernodes!
But actually the way to think is: we know Bitcoin market cap for certain. What we don't know is the number of owners. If there is 500,000 owners, then they own twice as much by dollar value. Which means that it can go up even more because there is more people left!
ADD: Coinbase alone has more than a million customers, or do you think everybody registers with multiple accounts?
And USA is about 40% of Bitcoin activity...
Jump to: