Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29548. (Read 26609741 times)

Lol.

The stages of learning:
1. Unconscious incompetence - you don't realize how ignorant you are
2. Conscious incompetence - you realize you 're ignorant
3. Conscious competence - you start to try and understand
4. Unconscious competence - you are able to teach

Kkasper is currently unconsciously incompetent

It's a gimmick in finance, but it's pretty practical in gambling.

Anyone fancy a go at a MtGox/Karpeles haiku?

Yep. bitcoin was only good for buying drugs before I got into it ... after that it was only a gimmick.

Goldman sachs(coinbase) and second market are the instituional investors. 40% of all americans know bitcoin. PLus there are huge similarities with the actual chart, check 3d. so do the math, and put your buy orders below 200$   

Can we invite the designer of the bubble graph into the forum? That would be awesome, so that everybody could ask him about his opinion.

Yep. bitcoin was only good for buying drugs before I got into it ... after that it was only a gimmick.

I might mention here that your manners and language are not characteristic of an educated mind, nor even of a marginally socialized modest intelligence.

And where will you find better stability?  "Stablecoin"?  

Bitcoin will be stable when it stops growing so rapidly and has more inertia (market cap, if you must) relative to the fiat cross-flow.

Not all investors are so pusillanimous as to find the necessary growth phase daunting.  Without growth, no network can become non-trivially homeostatic.

I spy panic on the horizon.

Oh, interesting! Explain me then, what is the true value of bitcoin.

The technology of what? Cryptography? Python? Personal computers? The Internet?
Bitcoin source code doesn't bring anything new to the table, it only combines existing technologies in one innovative idea. So, there is no complex "technology" in bitcoin to be valued, the idea is what is valuable and the idea can be made better by others with their own innovations.

Services like Bitpay will only maximize it's utility with using it as an intermediate payment tool to compete with credit card companies. Currently using bitcoin is more expensive, time consuming and difficult then using a credit cards. Right now it's a gimmick even in this intermediate payment field. It only could be more then a gimmick if it would be a stand-alone currency without fiat to support it.

In 5 years you will understand.

The more long-term you predict bitcoin, the more you gamble. There are so many real factors that rise probability, that in the coming years, bitcoin will die. Only thing special about bitcoin is that it was the first popular outlet of an very good idea. It's like believing in the 80s that Apple will always dominate the personal computer market, because it was the first to succeed with Macintosh. You can't hold onto this idea alone. Other can better that idea or just market that idea better with their products.

Sadly it is. Bitcoin has very little economic value, the idea has a lot of potential for value, but bitcoin itself is an economic gimmick. Mainly because of the overly simplified proof-of-work system to introduce new coins. Because of that, bitcoin will never be a stand-alone currency and it needs fiat to give it value.
Right now, with adopting bitcoin payments at your shop has no value in financial efficiency. You will only gain the trouble in converting your money. Only reason why some companies decide to accept bitcoin payment, is for marketing reasons. Starting to accept bitcoin will get you lot's of free press and it will also get you some new loyar customers among those who are loyal to bitcoin. It will make your financial dealings less efficent, not more.

With Rare-earth metals, it's not hard to find geographical places from where to extract the ore, but it will be difficult to find places that let mining and processing with this environmental impact to happen on their soil. And also to consider the growing demand, I think that picking the right element is the best store of value investment that one can currently do.

There are about 12,37mil bitcoins in circulation. Can you tell me the names of the known people who own 6mil bitcoins together? or even 2mil? or 1mil?
Last time I remember that some big bitcoin holder came into public with his coins was when Winklevosses declared that they have about 1% of total bitcoin circulation. Can you please give me other names that have declared how big their stake is in bitcoin, so I can see on who are these people who I am supposed to trust then?

Most importantly, Where are we currently at on that chart?   the beginning, middle or end?

Maybe we are still in the early stages of the awareness stage?  Lots of people do NOT know what the fuck is bitcoin.

Now this analysis I can deal with.  In fact, you've described the reason why I have some fiat in reserve.  There is a substantial likelihood of an impending final capitulation.

The last time I heard this was in the playground.

Most importantly, Where are we currently at on that chart?   the beginning, middle or end?  Maybe we are still in the early stages of the awareness stage?  Lots of people do NOT know what the fuck is bitcoin.

Takes one to know one?

Cup and handle action happening in market at the moment.

@windjc

i read through all the technical fundamentals as you proposed and i came to the conclusion that this chart might be the future of Bitcoin.
It´s actually from the hidden page of Satoshis white paper written with magic ink, many have not seen it before.
You should take a look at it:








LOLOLOLOLLOLOLOLOLLOLOLOLOLOLOLOLOLOLOOL

Did i mention that i worked 10 years ago in a psychiatric ward.

You don't actually understand macroeconomics and finance better than me or you would know that the value in bitcoin is not as a currency.

You missed the entire point of this technology.

Volatility doesn't matter to merchants for reasons that are obvious and because of issues that have already been resolved by companies like Bitpay.