Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30188.

delphic

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Quote from: billyjoeallen on January 24, 2014, 04:39:49 PM

Quote from: Vigil on January 24, 2014, 04:27:33 PM

Quote from: billyjoeallen on January 24, 2014, 04:18:05 PM

The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.

and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.

What are you talking about.

100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000.

1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000.

That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10.

The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive.

That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff.

Sigh. ok Junior, read carefully:

1 BTC=~$800 now ~1000% annual appreciation for the trend.

in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000

$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.

$80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet.

adamstgBit

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Quote from: Vigil on January 24, 2014, 04:44:00 PM

^Jesus!!! you think BTC is going to $80,000,000?

why think when you can dream!

delphic

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Quote from: bull1692 on January 24, 2014, 04:30:23 PM

Quote from: delphic on January 24, 2014, 04:27:47 PM

Quote from: bull1692 on January 24, 2014, 03:26:57 PM

It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten.

Uses big words to condescend an intentionally terrible meme...spells puerile incorrectly.

OK, so you're puerile.

And your picture needs crayoning. That would be a better use of your time.

Vigil

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^Jesus!!! you think BTC is going to $80,000,000?

fonzie

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billyjoeallen

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Quote from: Vigil on January 24, 2014, 04:27:33 PM

Quote from: billyjoeallen on January 24, 2014, 04:18:05 PM

The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.

and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.

What are you talking about.

100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000.

1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000.

That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10.

The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive.

That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff.

Sigh. ok Junior, read carefully:

1 BTC=~$800 now ~1000% annual appreciation for the trend.

in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000

$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.

BitChick

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Quote from: billyjoeallen on January 24, 2014, 04:29:24 PM

Quote from: Vigil on January 24, 2014, 04:08:26 PM

Quote from: billyjoeallen on January 24, 2014, 04:05:48 PM

Quote from: Vigil on January 24, 2014, 03:54:46 PM

Quote from: Kramerc on January 24, 2014, 03:46:12 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong.

In my defense, check april 2013 vs 2011 "spurts".

He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that.

We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.

There aren't even enough people involved with bitcoin to even care what happens at this point. 95%+ of the population hasn't even thought about Bitcoin, let alone paying any attention to it. There is plenty of time. If anything, a slower growth is better to keep all the evil eyes off of it for a surprise attack. I know you are probably getting old and shit and are hoping you are worth millions before you have to spend those coins on a Rascal and urine bag, but damn, relax.

ok, that was funny. Hey, you may be right. This is completely new territory for everybody. We're making history here. Just don't miss your shot waiting for the perfect entry point. My dad top-ticked the 2011 bubble perfectly, buying in at the worst possible time. It actually worked out though because I know him and he would have lost his nerve if he had waited. You have the opposite problem. It might not crash and you never get in. If you get in now, worst case scenario is you lose a year or two before you're worth millions. (or we could all lose our asses, in which case the whole point is moot) You're young. A year or two seems llike a long time but it's not.

Yes! Patience is a virtue. The funny thing is that in the world of Investing 10 years is not even that long of a time and we are talking about only a few years to really find out what will happen with Bitcoin. We should know by the middle and definitely by the end of this year what kind of curve we are looking at.

T.Stuart

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Quote from: fonzie on January 24, 2014, 04:24:54 PM

Just found this! Shocked

adamstgBit

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Its a bird

Its a plane

Its a bitcoiner!

bull1692

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Quote from: delphic on January 24, 2014, 04:27:47 PM

Quote from: bull1692 on January 24, 2014, 03:26:57 PM

https://i.imgur.com/Fk39nQol.jpg

It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten.

Uses big words to condescend an intentionally terrible meme...spells puerile incorrectly.

billyjoeallen

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Quote from: Vigil on January 24, 2014, 04:08:26 PM

Quote from: billyjoeallen on January 24, 2014, 04:05:48 PM

Quote from: Vigil on January 24, 2014, 03:54:46 PM

Quote from: Kramerc on January 24, 2014, 03:46:12 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong.

In my defense, check april 2013 vs 2011 "spurts".

He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that.

We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.

There aren't even enough people involved with bitcoin to even care what happens at this point. 95%+ of the population hasn't even thought about Bitcoin, let alone paying any attention to it. There is plenty of time. If anything, a slower growth is better to keep all the evil eyes off of it for a surprise attack. I know you are probably getting old and shit and are hoping you are worth millions before you have to spend those coins on a Rascal and urine bag, but damn, relax.

ok, that was funny. Hey, you may be right. This is completely new territory for everybody. We're making history here. Just don't miss your shot waiting for the perfect entry point. My dad top-ticked the 2011 bubble perfectly, buying in at the worst possible time. It actually worked out though because I know him and he would have lost his nerve if he had waited. You have the opposite problem. It might not crash and you never get in. If you get in now, worst case scenario is you lose a year or two before you're worth millions. (or we could all lose our asses, in which case the whole point is moot) You're young. A year or two seems llike a long time but it's not.

delphic

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Quote from: bull1692 on January 24, 2014, 03:26:57 PM

It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten.

Vigil

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Activity: 378

Merit: 250

Quote from: billyjoeallen on January 24, 2014, 04:18:05 PM

The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.

and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.

What are you talking about.

100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000.

1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000.

That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10.

The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive.

That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff.

fonzie

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Just found this! Shocked

billyjoeallen

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Quote from: Vigil on January 24, 2014, 04:01:44 PM

Quote from: billyjoeallen on January 24, 2014, 03:55:35 PM

Quote from: Vigil on January 24, 2014, 03:39:18 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Quote from: Vigil on January 24, 2014, 03:02:23 PM

Quote from: ShroomsKit on January 24, 2014, 12:23:43 PM

Quote from: SantaMuerte on January 24, 2014, 12:13:10 PM

Crash and burn, papa need some cheap coins!

You had 5 years to buy cheap coins. It's extremely arrogant and really just ridiculous to want a huge economy to crash and burn so that you can buy a few coins 100 bucks cheaper.

Not all of us have been around bitcoin for 5 years. Some of us are less than a year old.

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Good. I want it to take a longer time to reach an ATH. Because I am jobless with almost nothing. So, I can't drop a few thousand and pick up 10 or 100 coins. At these prices I can buy like 2 BTC - at lower prices I can triple that. Its a huge difference for me.

You're a dipshit. let's say you're right and it crashes and you get three coins for the rice of one now. it takes three months to recover and you've trippled up. Or you could just buy one now and the price doubles two months in a row (because nodody got spooked by the crash that didn't happen) and you've got FOUR times your buy-in. I'm not too surprised you're unemployed with little money when you display an attitude like that. And you'll never be richer than me. If it crashes, I'll just be right there buying with you. asshole.

The goal is the amount of coins, not how much each coin is currently worth. I am not worried about dollar valuation at this point. I would rather have 3 coins that are in one year worth 4x times their buy-in than to have one coin worth 4x its buy-in in a couple months.

Once it starts getting to $5000 the chances of me accumulating another whole bitcoin ever again are basically ZERO. So, its now or never for me. Now or I am totally locked-out of the game when I got in with plenty of time to make the cut. A couple BTC worth $100,000 in 5-10 years won't mean jack - its more or less a consolation prize. To me, its only worth it if my pot is worth millions.

The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.

and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.

proudhon

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Quote from: fonzie on January 24, 2014, 04:01:10 PM

Quote from: billyjoeallen on January 24, 2014, 03:55:35 PM

Quote from: Vigil on January 24, 2014, 03:39:18 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Quote from: Vigil on January 24, 2014, 03:02:23 PM

Quote from: ShroomsKit on January 24, 2014, 12:23:43 PM

Quote from: SantaMuerte on January 24, 2014, 12:13:10 PM

Crash and burn, papa need some cheap coins!

You had 5 years to buy cheap coins. It's extremely arrogant and really just ridiculous to want a huge economy to crash and burn so that you can buy a few coins 100 bucks cheaper.

Not all of us have been around bitcoin for 5 years. Some of us are less than a year old.

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Good. I want it to take a longer time to reach an ATH. Because I am jobless with almost nothing. So, I can't drop a few thousand and pick up 10 or 100 coins. At these prices I can buy like 2 BTC - at lower prices I can triple that. Its a huge difference for me.

You're a dipshit. let's say you're right and it crashes and you get three coins for the rice of one now. it takes three months to recover and you've trippled up. Or you could just buy one now and the price doubles two months in a row (because nodody got spooked by the crash that didn't happen) and you've got FOUR times your buy-in. I'm not too surprised you're unemployed with little money when you display an attitude like that. And you'll never be richer than me. If it crashes, I'll just be right there buying with you. asshole.

So we obviously are entering the fear/frustration stage now. How are people going to behave if it drops 100$ or more in a day? I hope it´s no longer possible to delegate hitman with BTC. I´m about to stop my bearish comments out of fear Sad

Clearly all the confirmed bad news is sinking into the market participants. As verified by confirmed TA, we should expect to see bullish behavior for fundamental SHOTR positions on all time frames, therefore, as confirmed, we can expect the bitcoin price to collapse further shortly over the next 24 hours into the $600-700 zone as the market approaches total collapse through 2014. This has been confirmed by true sources.

Vigil

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Quote from: billyjoeallen on January 24, 2014, 04:05:48 PM

Quote from: Vigil on January 24, 2014, 03:54:46 PM

Quote from: Kramerc on January 24, 2014, 03:46:12 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong.

In my defense, check april 2013 vs 2011 "spurts".

He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that.

We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.

There aren't even enough people involved with bitcoin to even care what happens at this point. 95%+ of the population hasn't even thought about Bitcoin, let alone paying any attention to it. There is plenty of time. If anything, a slower growth is better to keep all the evil eyes off of it for a surprise attack. I know you are probably getting old and shit and are hoping you are worth millions before you have to spend those coins on a Rascal and urine bag, but damn, relax.

billyjoeallen

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Quote from: Vigil on January 24, 2014, 03:54:46 PM

Quote from: Kramerc on January 24, 2014, 03:46:12 PM

Quote from: billyjoeallen on January 24, 2014, 03:32:45 PM

Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.

Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong.

In my defense, check april 2013 vs 2011 "spurts".

He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that.

We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility.

fonzie

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