Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31363.

foxygoxy

newbie

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Quote from: NewLiberty on December 05, 2013, 08:40:03 AM

Quote from: Macno on December 05, 2013, 08:24:38 AM

is silvers market cap only at 15 Billion USD?

Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves

(and over 1M available to be put in reserves so real number is closer to $800B)

Maybe he is just considering american eagles.

And only considering one aspect of Bitcoin.

30K tonns is the US silver reserve.
Total world reserve is 540K tons which equals about 450bn market cap.
http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2013-silve.pdf

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: seljo on December 05, 2013, 08:52:51 AM

Quote from: MoreFun on December 05, 2013, 08:33:06 AM

Quote from: chiliftw on December 05, 2013, 08:30:54 AM

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

To Da Moon

~~Cho Choo~~ Chu Chu

FTFY

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

Quote from: MoreFun on December 05, 2013, 08:33:06 AM

Quote from: chiliftw on December 05, 2013, 08:30:54 AM

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

To Da Moon

Cho Choo

Spaceman_Spiff

legendary

Activity: 1638

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₪``Campaign Manager´´₪

Does anybody know of a platform that lets you short altcoins (other than litecoin) ?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: tarmi on December 05, 2013, 08:21:37 AM

poor bears.

Don't feel sad for them. Think of this as a form of education.

When they grow up and become bulls, they'll be grateful for the experience.

Grin

CryptStorm

full member

Activity: 126

Merit: 100

I imagine some number of the algo-bots are using the daily weighted average as some sort of guardrail or input, as we are hovering there now on gox.

edit: too many tea leaves are conflating reality with shit I just imagine (cheap coinz good, back to bed)

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: MoreFun on December 05, 2013, 08:33:06 AM

Quote from: chiliftw on December 05, 2013, 08:30:54 AM

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

To Da Moon

~~To Da Moon~~

Ting Go Wow

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: NewLiberty on December 05, 2013, 08:40:03 AM

Quote from: Macno on December 05, 2013, 08:24:38 AM

is silvers market cap only at 15 Billion USD?

Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves

(and over 1M available to be put in reserves so real number is closer to $800B)

Maybe he is just considering american eagles.

And only considering one aspect of Bitcoin.

And calculated a price north of today's. Mmm what would that indicate for the real value? Wink

Macno

legendary

Activity: 984

Merit: 1000

Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves

(and over 1M available to be put in reserves so real number is closer to $800B)

Maybe he is just considering american eagles.

And only considering one aspect of Bitcoin.
[/quote]

Thx! Damn, that is tiny...

fluidjax

hero member

Activity: 750

Merit: 601

Quote from: ?? on ??

Quote from: wachtwoord on December 05, 2013, 08:34:12 AM

Quote from: mmitech on December 05, 2013, 08:26:55 AM

I like the title BOOM: A Major Wall Street Bank Just Initiated Coverage On Bitcoin And Identified A Fair Value

Read more: http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12#ixzz2mbfjaSfs

they are taking us more seriously, every day passes we see more attention from important people,organisations,markets...

Haha fair value at close to the current price. That's how I know wall street analysts. Be prepared for a doubling of the fair value estimate after the price doubles and a halving of it after the price halves Cheesy

Yes most of their job is that : predicting the present.

I love this, perhaps they would like to let us in on the secret way of giving Bitcoin a value. And 2 significant figures! ($13XX), when I think most trying to value Bitcoin would struggle with orders of magnitude, unless of course they looked at what the market said

... but thats cheating and not basing it on fundamentals.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: Macno on December 05, 2013, 08:24:38 AM

is silvers market cap only at 15 Billion USD?

Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves

(and over 1M available to be put in reserves so real number is closer to $800B)

Maybe he is just considering american eagles.

And only considering one aspect of Bitcoin.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: MoreFun on December 05, 2013, 08:33:06 AM

Quote from: chiliftw on December 05, 2013, 08:30:54 AM

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

To Da Moon

(im just trolling, don't know shit what that means to price)

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Davyd05 on December 05, 2013, 08:34:05 AM

I can't figure out whether or not people are just reading the news in small waves or not lol.

Thats the market.

wachtwoord

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Activity: 2324

Merit: 1125

Quote from: mmitech on December 05, 2013, 08:26:55 AM

I like the title BOOM: A Major Wall Street Bank Just Initiated Coverage On Bitcoin And Identified A Fair Value

Read more: http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12#ixzz2mbfjaSfs

they are taking us more seriously, every day passes we see more attention from important people,organisations,markets...

Haha fair value at close to the current price. That's how I know wall street analysts. Be prepared for a doubling of the fair value estimate after the price doubles and a halving of it after the price halves Cheesy

Davyd05

hero member

Activity: 574

Merit: 500

I can't figure out whether or not people are just reading the news in small waves or not lol.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: chiliftw on December 05, 2013, 08:30:54 AM

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

To Da Moon

chiliftw

member

Activity: 86

Merit: 10

Quote from: stereotype on December 05, 2013, 08:28:30 AM

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

Wi Tu Lo

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: MoreFun on December 05, 2013, 08:24:03 AM

Quote from: CryptStorm on December 05, 2013, 08:19:47 AM

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Ho Lee Fuk

No Ting Wong

Shi Ting El

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: tarmi on December 05, 2013, 08:21:37 AM

poor bears.

Poor bears remains poor Grin

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: ?? on ??

Quote from: adsdas on December 05, 2013, 08:17:30 AM

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

So they just discovered bitcoin and "analyse" that the fair value is precisely 10% above yesterday's value, 5% above last week's ATH Huh

I want that job !

um, we've adjusted our valuation upwards based on market cap differences and injection of method probabilistic yields in the given environment

tl;dr we late to party

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