Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28361.

p0peji

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Activity: 266

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Quote from: KFR on April 09, 2014, 04:23:55 AM

Quote from: JorgeStolfi on April 09, 2014, 12:01:08 AM

I tried to find recent news from China by Googling "04月09日" "比特币" and using Google Translate. I cannot tell for sure, but it seems that they are still uncertain about the bank account closure on April 15; no denial, no cofirmation from the PBoC.

However MtGOX is still regularly mentioned in the Chinese bitcoin news. It seems that the Central Bank of Japan too declared that bitcoin is not a currency. (But please check, I may have misunderstood, or the news may be old.)

http://www.btc798.com/article-3526-1.html

Huobi making like the Internet or Bitcoin itself and routing around the damage? Wink

So basically they are going overseas because the 15-04 ban is real? (This is a genuine question as the translation is hard to understand.)

mah87

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-Bitcoin & Ripple-

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JayJuanGee

legendary

Activity: 3920

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: tarmi on April 09, 2014, 04:24:52 AM

Quote from: JayJuanGee on April 09, 2014, 04:16:21 AM

Quote from: tarmi on April 09, 2014, 03:47:39 AM

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

More crazy talk... to try to attempt to justify non-sense.. and probably I should NOT bite.. but o.k.... a nibble.. ok.. .

I think that there is a built in expectation with bitcoin that as time passes, more and more people will be using bitcoin and more and more developments will create demands for bitcoin... .. in that sense demand for bitcoin is likely to far outpace the increased supply. Otherwise if bitcoin were to stay stagnant in its number of users.. then it would NOT increase in value or price... I would NOT call that something that bitcoin "needs." B/c bitcoin could give a fuck about whether it is $2 per BTC or $2 million per BTC.. so yes, if it is only being used among 1,000 "criminals" in the underground, then who knows, the price may be a bit lower than if it expands into widespread adoptions.

exactly what I said. new money means price will go up. no new investors or money - price going down.

holders not holding - > crash.

Maybe we do NOT really disagree, then?

I would NOT really characterize the situation as a "crash," though, and I tend to think that number of people coming in continues to be larger than the number exiting... sure those kind of numbers are going to fluctuate from week to week, but overall, bitcoin is probably continuing to expand its user base far beyond supply of bitcoin... possibly, we could get some dropping of price over the next several months into the lower three hundreds... but I would hardly dramatize that into a crash, even if it were to happen.. which I am having my doubts about that, too... seems that we are likely going to be going up soon... but maybe this stagnation and even some additional decline will last a few more months.. a couple of scenarios.. that will likely cause me to continue to HODL and BUY... and NOT inclined to SELL at these prices, unless I replace soon thereafter.

dreamspark

hero member

Activity: 798

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Quote from: tarmi on April 09, 2014, 04:24:52 AM

exactly what I said. new money means price will go up. no new investors or money - price going down.

holders not holding - > crash.

In all fairness those things arent mutually exclusive attributors to a crash

No new investors != price going down.

No new investors + hodlers not holding = price going down.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: mladen00 on April 09, 2014, 04:14:18 AM

Quote from: roslinpl on April 09, 2014, 04:03:20 AM

Quote from: ChartBuddy on April 09, 2014, 04:00:29 AM

Explanation

Good price! I am pretty sure that it will go only up right from now :-)

I think this is bottom, ground value for Bitcoin

next week will be a stagnation week and then up

slow till summer and then catapulting in July

Maybe you are correct?

Maybe stable through the weekend..? though sometimes it is hypothesized that BTC prices go up a little on Thursdays and then down on Saturdays and then up on Sundays.. but maybe we will NOT get any kind of meaningful price movement until after 4/15 comes and goes?

Maybe I will buy a few more BTC in the next few days.. though it may be o.k. to wait until Saturday.. but that may only amount to a $5 to $10 per BTC discount at most (and such a discount is NOT set in stone either)... which even if there is a $5-$10 discount in the whole scheme of things, is NOT a big price difference.. 1-2%

I am inclined to buy a few more in order to up my holdings a little bit and to bring down my average price per BTC a little bit.. but of course I would like to buy at the lowest reasonably foreseeable price, if possible. Undecided

tarmi

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Quote from: JayJuanGee on April 09, 2014, 04:16:21 AM

Quote from: tarmi on April 09, 2014, 03:47:39 AM

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

More crazy talk... to try to attempt to justify non-sense.. and probably I should NOT bite.. but o.k.... a nibble.. ok.. .

I think that there is a built in expectation with bitcoin that as time passes, more and more people will be using bitcoin and more and more developments will create demands for bitcoin... .. in that sense demand for bitcoin is likely to far outpace the increased supply. Otherwise if bitcoin were to stay stagnant in its number of users.. then it would NOT increase in value or price... I would NOT call that something that bitcoin "needs." B/c bitcoin could give a fuck about whether it is $2 per BTC or $2 million per BTC.. so yes, if it is only being used among 1,000 "criminals" in the underground, then who knows, the price may be a bit lower than if it expands into widespread adoptions.

exactly what I said. new money means price will go up. no new investors or money - price going down.

holders not holding - > crash.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: JorgeStolfi on April 09, 2014, 12:01:08 AM

I tried to find recent news from China by Googling "04月09日" "比特币" and using Google Translate. I cannot tell for sure, but it seems that they are still uncertain about the bank account closure on April 15; no denial, no cofirmation from the PBoC.

However MtGOX is still regularly mentioned in the Chinese bitcoin news. It seems that the Central Bank of Japan too declared that bitcoin is not a currency. (But please check, I may have misunderstood, or the news may be old.)

http://www.btc798.com/article-3526-1.html

Huobi making like the Internet or Bitcoin itself and routing around the damage? Wink

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: chessnut on April 09, 2014, 04:06:28 AM

Quote from: tarmi on April 09, 2014, 03:47:39 AM

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

thats how the US dollar works lol. but really? I think professionals would manage liquidity for profit and we would have no problem keeping a turnover of bitcoins.

the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.

I wish that was true for bitcoin....... maybe bitcoin will take on a massive commodity market, like alpaca socks.

The difference is that Bitcoin itself is useful and unique and in all fairness is taking on a more comodity like being than a currency at the moment anyway.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: tarmi on April 09, 2014, 03:47:39 AM

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

More crazy talk... to try to attempt to justify non-sense.. and probably I should NOT bite.. but o.k.... a nibble.. ok.. .

I think that there is a built in expectation with bitcoin that as time passes, more and more people will be using bitcoin and more and more developments will create demands for bitcoin... .. in that sense demand for bitcoin is likely to far outpace the increased supply. Otherwise if bitcoin were to stay stagnant in its number of users.. then it would NOT increase in value or price... I would NOT call that something that bitcoin "needs." B/c bitcoin could give a fuck about whether it is $2 per BTC or $2 million per BTC.. so yes, if it is only being used among 1,000 "criminals" in the underground, then who knows, the price may be a bit lower than if it expands into widespread adoptions.

mladen00

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K-ing®

Quote from: roslinpl on April 09, 2014, 04:03:20 AM

Quote from: ChartBuddy on April 09, 2014, 04:00:29 AM

Explanation

Good price! I am pretty sure that it will go only up right from now :-)

I think this is bottom, ground value for Bitcoin

next week will be a stagnation week and then up

slow till summer and then catapulting in July

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: tarmi on April 09, 2014, 03:47:39 AM

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

but it is still no crime. i told my landlord about bitcoin as an investment because i believed it was a good investment. she invested 12.5 k € in may 2013 and sold above 1000 beginning of december, profiting € 100 k . boy, i feel so guilty.

chessnut

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Quote from: tarmi on April 09, 2014, 03:47:39 AM

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

thats how the US dollar works lol. but really? I think professionals would manage liquidity for profit and we would have no problem keeping a turnover of bitcoins.

the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.

I wish that was true for bitcoin....... maybe bitcoin will take on a massive commodity market, like alpaca socks.

roslinpl

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Quote from: ChartBuddy on April 09, 2014, 04:00:29 AM

Explanation

Good price! I am pretty sure that it will go only up right from now :-)

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

tarmi

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Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

Yeah... I probably should NOT allow myself to get drawn into discussion regarding such silly assertions... we hear them so much about bitcoin being a ponzi scheme.. and surely people in this thread would NOT be easily be mislead about such exaggerations regarding what is going on around bitcoin.... even though we see these kinds of misleading assertions frequently in the mainstream press. I am sure tht various false assertions remain confusing for regular people who are NOT very familiar with bitcoin or get distracted by some of these kinds of goose chasing misinformation campaigns.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: 600watt on April 09, 2014, 03:16:10 AM

Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

Exactly and its not like bitcoin will collapse never to rise again if the people on this forum didnt hodl. Bitcoin is bigger than this thread Wink

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jonoiv on April 08, 2014, 10:53:31 PM

Quote from: JayJuanGee on April 08, 2014, 10:30:22 PM

Quote from: jonoiv on April 08, 2014, 10:21:59 PM

No one is buying and no one is selling.

while the price is dropping on average of $7-8 per day. The scales are tipped only one way imho.

Dropping $7-8 per day since when?

Are selectively picking a start date for this hypothetical and arbitrarily picked price drop?

sorry my mistake, it's $5-6 per day.

Quote from: chessnut on April 08, 2014, 10:54:19 PM

Quote from: jonoiv on April 08, 2014, 10:53:31 PM

sorry my mistake, it's $5-6 per day.

I think you missed the point entirely

Jonoiv: missed the point on purpose....... it seems... that is called avoiding the question...

The question is important, so i will repeat it, which I have asked you this same question before, and you also avoided it b/c to answer the question gets you the wrong results... it gets you to a spin place where you do NOT want to go.. and that is REALITY... the real world.

Can you please explain in more detail your theory about the price drop and the time period for such a supposed price drop trajectory that NOT only describes price history but such price drop is also supposed to have some kind of predictive value regarding the direction of bitcoin prices..

Explain it to us in plain English and in detail, por favor!!! Lay it on us. We are all ears. We are all eyes.. go ahead, make our day. Enlighten us.

600watt

legendary

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Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

spooderman

legendary

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Merit: 1029

stamp down?

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