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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31932. (Read 26608456 times)

legendary
Activity: 1904
Merit: 1007
Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
Usage where and for what? I'm open to that notion but I have no news of such possibility. For what use are they being adopted that I'm unaware of?

It seems that the most of the traffic comes from China. I bet you don't know anything about China and why are they using Bitcoin right now. Until you find out you can't emit any statement because you just don't know. There can be several reasons. Maybe the communist party doesn't allow people to have more than X amount of cash on their possesion, maybe it's hard to move money there, maybe maybe maybe.

Edit: made a quick google search and found this "China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country" So there is a real use there if that's still the case. I bet there can be many more that for us maybe are useless.
sr. member
Activity: 252
Merit: 250
Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
Usage where and for what? I'm open to that notion but I have no news of such possibility. For what use are they being adopted that I'm unaware of?

+1
full member
Activity: 196
Merit: 100
My productivity these last few days has been 0... All free time is spent staring at charts.
+1 me 2
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
Usage where and for what? I'm open to that notion but I have no news of such possibility. For what use are they being adopted that I'm unaware of?


what wouldn't you do for 1K BTC?
full member
Activity: 182
Merit: 106
Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
Usage where and for what? I'm open to that notion but I have no news of such possibility. For what use are they being adopted that I'm unaware of?
legendary
Activity: 1904
Merit: 1007
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.

Do we know how much money per day we had the last 3 weeks? 2m$ per day doesn't seem too much with this rapid increase. Many walls were eaten and if we consider that not all mined coins will sell the same day then it's a lot less.
No I don't believe that $2m/day was a serious issue these past few days/weeks, but that's the nature of a bubble, everyone is rushing. But the more that rush in the more money it costs on a daily basis to sustain it and eventually, the new money won't feel safe. When that happens, the slow and steady decent will begin, or it'll come tumbling down.

Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
full member
Activity: 182
Merit: 106
this is why bears are going are getting killed
bitcoin has no utility!?
BAHAHAHAHAHAHAHA
Outside of turning "some money" into "more money," yes the utility is very limited. Hence why 99% of your day to day transactions don't occur in BTC.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.

this is why bears are going are getting killed
bitcoin has no utility!?
BAHAHAHAHAHAHAHA
full member
Activity: 182
Merit: 106
Who in their stupid minds would sell off their mined coins?
Someone who has to pay the bill. They're not free to mine, you know that huh?
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Are you going somewhere with these arguments?  What is the point?
I guess the point is that the price of 600 is simply unsustainable for Bitcoin, and not a lot of people understand this.
Or, 600 is sustainable as long as you have 2 million dollars daily of new investments in Bitcoin.
man, you guys sound like experts in the 90ies figuring out that mobile phones will never take off since they use to much energy.  Cheesy
Have I ever said bitcoin wouldn't take off?
hero member
Activity: 520
Merit: 500
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.

Do we know how much money per day we had the last 3 weeks? 2m$ per day doesn't seem too much with this rapid increase. Many walls were eaten and if we consider that not all mined coins will sell the same day then it's a lot less.

Who in their stupid minds would sell off their mined coins?
full member
Activity: 182
Merit: 106
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.

Do we know how much money per day we had the last 3 weeks? 2m$ per day doesn't seem too much with this rapid increase. Many walls were eaten and if we consider that not all mined coins will sell the same day then it's a lot less.
No I don't believe that $2m/day was a serious issue these past few days/weeks, but that's the nature of a bubble, everyone is rushing. But the more that rush in the more money it costs on a daily basis to sustain it and eventually, the new money won't feel safe. When that happens, the slow and steady decent will begin, or it'll come tumbling down.
legendary
Activity: 1904
Merit: 1007
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.

Do we know how much money per day we had the last 3 weeks? 2m$ per day doesn't seem too much with this rapid increase. Many walls were eaten and if we consider that not all mined coins will sell the same day then it's a lot less.
hero member
Activity: 809
Merit: 501
Always verify deals with me through my public key!
full member
Activity: 182
Merit: 106
3600 bitcoins per day * 640=2m$ per day to sustain it?
At least. That's new money, based entirely around speculative movement, not utility.
newbie
Activity: 28
Merit: 0
My productivity these last few days has been 0... All free time is spent staring at charts.
Haha. Sounds familiar Cheesy
Quote
Do you have a bot that posts words to this effect eevry 3 hours?  Getting really boring!
Apparently somebody regrets selling all his btc's at 200 $ Cheesy
hero member
Activity: 504
Merit: 500
How can you see the amount of coins left for sale on btc china?
sr. member
Activity: 252
Merit: 250
Litcoin breaks $7!  The whole crypt-currency space is going parabolic.   Grin

Keiser put a $50 target on LTC. Pump, pump, pump it up!

Glad I hoarded some LTC.

+1 Me too! 
You do realize that long term wise you are losing money by holding LTC instead of BTC, right?

I'm a day trader.  Thus ATM, Litecoin profits are dwarfing BTC.
legendary
Activity: 1904
Merit: 1007
I have heard price was not sustainable since $13/btc, and guess... we are at $640 and going up, and price will be sustainable at $1000 and $10000 because more people are buying that selling, that's pure logic.
Do you know how much USD/day it will cost to sustain a price of $640? Or $1000? Have you done that math? You do know that BTC is still inflationary, right?

3600 bitcoins per day * 640=2m$ per day to sustain it?
full member
Activity: 182
Merit: 106
I have heard price was not sustainable since $13/btc, and guess... we are at $640 and going up, and price will be sustainable at $1000 and $10000 because more people are buying that selling, that's pure logic.
Do you know how much USD/day it will cost to sustain a price of $640? Or $1000? Have you done that math? You do know that BTC is still inflationary, right?
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