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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31149. (Read 26723677 times)

legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

It is apparent that our views are different.  My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.  

I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread.  OK?

sounds like an interesting discution

maybe start a thread and write a thesis statement for your argument.

lol

price is derived from so many things its not even funny

but value , the true value is in fact the awesomeness of the underlying protocol




i couldn't sleep.
now i try again....
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

It is apparent that our views are different.  My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.  

I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread.  OK?
legendary
Activity: 1260
Merit: 1000
Drunk Posts
For only 0.1 BTC, I can make you jump up and down for hours on end. *buys shots and plays dance music*
legendary
Activity: 2338
Merit: 2106
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

its so easy to sell bitcoin for dollars in an instant, and with services like bitpay...

the argument that bitcoin can't function as money because its moves up and down is simply not true.

money is power

and with only 10BTC i have the power to make you jump up and down for hours DAYS on end.

 Wink
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
hero member
Activity: 546
Merit: 501
... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
legendary
Activity: 2156
Merit: 1070
This just isn't the same without all the gox volume, clarkmoody, and all the red flashy flickering numbers.

Hey. You glad its finally gone down a little bit? Must be a little relief for you?
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.
hero member
Activity: 728
Merit: 500
This just isn't the same without all the gox volume, clarkmoody, and all the red flashy flickering numbers.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Quote from: stan.distortion link=topic=178336.msg3973507#msg3973507
Tried and tested Tongue
[/quote

I like it.   Grin
hero member
Activity: 546
Merit: 501
What makes you think that holding is not speculating?

Certainly is speculation.

The buy and hold crowd seem to missed half of the equation.  I see it something like this:

Buy + Hold until {event} then {action} = {result}


better all people buy and sell constantly so we have swings from $1 to $1000 daily. Merchants surely will love that.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
What makes you think that holding is not speculating?

Certainly is speculation.

The buy and hold crowd seem to missed half of the equation.  I see it something like this:

Buy + Hold until {event} then {action} = {result}
full member
Activity: 124
Merit: 100
What makes you think that holding is not speculating?

+1
If you're right, you're right
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
What makes you think that holding is not speculating?
full member
Activity: 124
Merit: 100
Ah yes. The last testing of the support, before the Monday rally Cheesy

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

sure, check it out on bitcoinwisdom... candles on 10/30 or 10/31 looking pretty similar... after the 266 pop

How about this one:
http://bitcoincharts.com/charts/bitstampUSD#rg5zigHourlyzczsg2013-10-17zeg2013-11-01ztgMzm1g10zm2g25zv

Matches with days destroyed too Wink

What do you mean, 'destroyed'?

I still think it's just a slow downhill. But, it's BTC, whaddyagonna do?

Check those dates and the December on this chart:
https://blockchain.info/charts/bitcoin-days-destroyed-min-week?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Days destroyed represents the amount of time the coins that are being moved have spent in wallets, large movements of coins from storage show up on it.

No idea where its going to go next, those coin movements don't say coins are on the exchanges and Christmas shopping is as likely as anything else for the end one. I just buy and hold and recommend the same, too much risk from chaos but it looks like bullish chaos Wink

I'm holding too.
Too dangerous right now to start speculating ...
full member
Activity: 124
Merit: 100
Post another image Grin


Is there anywhere else we can see actual walls, other than btccharts?



bitcoinwisdom has walls, as does coinorama and a bunch of others... guys?

What's that pink penis doing in that buxus?
full member
Activity: 126
Merit: 100
Post another image Grin


Is there anywhere else we can see actual walls, other than btccharts?



bitcoinwisdom has walls, as does coinorama and a bunch of others... guys?
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