Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30638. (Read 26714038 times)

Lots of weed, you are shit in math when you're high, but rest of the time you're brilliant -> just don't smoke all the time and your math skills go to the moon I stopped drinking hard when I found my love to ganja


I don't say what will happen, but bearish approach now would be to say that this "mini rally" got us to 732 and strong resistance found from 730 when last time "mini rally" got us to 764 and resistance was found from 760. -> Fuel is going down and with this low volume speculators will get nervous and start selling hard after a while.

Agreed - but let me run this by you, it's been bugging me:


Digital currency - in the form of neutral, non-centralised and trustworthy value transfer systems make sense.

But whether BTC is Myspace and not Facebook, or AltaVista and not Google is a moot point.

Change will come, yes - but Bitcoin is a pioneer and something better could well take advantage of the doors it opens.

A network of P2P value exchange is obviously necessary, but BTC is just showing what is possible, and the coin value is much less relevant than the actual network value (which cannot be bought).

We actually cannot (yet) buy what the value of this idea is, anymore than you can buy shares in the internet.   The real money is in the applications regular people can really use.

They are not there yet, they will be and this will 'make' bitcoin, but to be honest I am beginning to thing the price of a coin is really missing the point of what we are part of and I am seeking ways to invest in applications for this technology, not the coins which flow between the points of its' network.

Philosophical drivel maybe - but I do not here anyone here discussing this kind of 'future' when it seems patently obvious to me that we are not thinking what the applications riding on the network could actually do, and mean for the future.  Not just the 'price' of a coin.

Hmmm....

BTC, logically will have no price at all if the dollar falls to zero, the way we currently calibrate its value at least.

And a zero price would mean a near total collapse of the existing system which would be such an upheaval that all bets would be off.   If BTC (and not some other trading medium) remained it would be pure chance as chaos would have to have existed before this happened.

I am with Goat on this - we cannot extrapolate that far, and BTC and the dollar are not simply the only two players in a a winner-takes-all game.

That is (imho) nonsencical.

It is much more complex than that.

EDIT: Why is a (if variable within reason) equilibrium not possible?

yeah, same here... to da m00n ch00ch00

Goodnight people!!!

I was a math/physics prodigy until I started drinking.  Now all I can do is draw squiggly lines on charts and say dx/dt = to-da-moon and 1{n (y) = crash.

Placeholder variable/function.

My drinking pals call me the absinthe fish.

e is Euler's number. Not sure about h.

Everyone should have been drunk at least once in their life.

I'm not drunk often btw (last time was a year ago) but I do like a drink now and then.

One cannot be great at math and NOT being a drinker...

The math or the drinking?  He is great at math!  But he is not a drinker either.

Never? Wow ..

BitChicksHusband, get on that!

Guys, just wanted to let you know it's going up now. I just sold and following the recent trends I always make bad trades

Wow.  I have never been drunk and I can't even begin to do the math that some of you can do in a slightly drunken state.  Impressive 

I agree with Peter R.'s "rationalization" of a super exponential function above (I agree, even though I don't really *believe* in it), but I don't agree with what you're saying. if btc adoption growing exponentially towards infinity (f) and usd degradation exponentially decreasing towards 0 (g) are independent of each other, as you stipulate, what you're looking for, price p as f over g, is
f(x)=e^x
g(x)=1/h^x
p(x)=(e^x)/(1/(h^x))=(e^x)*(h^x)=eh^x
It's late and I'm midly drunk , so by all means tell me where you think i went wrong.

Jury is out on that one IMHO - I am feeling we are not in bull market yet.   Don't get me wrong, I am 80/20 BTC / fiat right now, so I want a higher price.

But I am not full BTC as I still think China volumes / prices are fake and the market is neither predictable (of course), nor settled.

Plot:

Oh God....I thought we had moved onto cat coins long ago

Don't take any notice of what TERA says...he's a contrarian, you should know this from the trollbox.  It's the end of the weekend of a long holiday with flaccid volume flopping the price around.  What happens on Jan 2nd following is what to base your predictions on.

And lets face it 'capitulation' at $500....its like being tortured with a feather.

Sorry, I used the wrong tags.  Upon reflection, I should have used [uberbull]...[/uberbull].  I agree that this is possible, BTW. 

There are two possible outcomes for Bitcoin.

Either it fails completely, or else this happens. There is no stable equilibrium between those two extremes.