Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32107. (Read 26610033 times)
November 10, 2013, 04:55:01 PM
Not much depth all the way down to 317 on gox
November 10, 2013, 04:52:20 PM
the real question is: now that the price has survived a correction, does the rally continue this week?
course it does. but hopefully we'll have regular corrections when it get out of hand
November 10, 2013, 04:49:46 PM
the real question is: now that the price has survived a correction, does the rally continue this week?
November 10, 2013, 04:47:26 PM
btc-e going to hit 300 tonight by the looks of it (294 currently)
gox:332.5
stamp:314.5
bears: they don't justy shit in the woods they shit themselves everywhere.
where's the $1xx prices we were told about? huh bears?
gox:332.5
stamp:314.5
bears: they don't justy shit in the woods they shit themselves everywhere.
where's the $1xx prices we were told about? huh bears?
November 10, 2013, 04:43:35 PM
Perception of human brain is limited to the horizon of experiences it directly saved so far and can only be widened by absorbing passed on essays or stories of contemporary witnesses of different ages.
actually, there is another way...ever been to silkroad?
November 10, 2013, 04:41:29 PM
honestly thought I bet gox wouldn't hit 266 again this week but looking back it seems like I said it wouldn't go below 300. Can't believe no-one took that offer up
November 10, 2013, 04:31:24 PM
This "burst" corresponds to march 7th IMO. Got a long way to go....got another bear trap in a week or so coming. Up to the thousands in a month or so....then pop down to 400s. (If last pattern repeats).
November 10, 2013, 04:30:49 PM
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
No they haven't. There have been people on zerohedge that are anti-bitcoin but I'd say that zerohedge as a platform is very positive on bitcoin.
November 10, 2013, 04:29:53 PM
Hold on, guys! Zerohedge have been anti-bitcoin for as long as I can remember. having them onboard is a pretty big deal, right?
A large portion of the doomsday prepper crowd blindly follow zerohedge. So, yes.
November 10, 2013, 04:23:59 PM
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
November 10, 2013, 04:13:28 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
good example.
same thing with hyperinflation.
Nobody can really imagine their children playing with hills of worthless fiat at some point in the future.
Perception of human brain is limited to the horizon of experiences it directly saved so far and can only be widened by absorbing passed on essays or stories of contemporary witnesses of different ages.
Empathizing these informations helps to see present age in the overall context of human history and sensitize to subliminal fundamental changes in its ecosystem,
no matter if they're taking years or decades.
November 10, 2013, 04:01:37 PM
November 10, 2013, 03:52:48 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
Very spot on.
I notice this every time I see a new "Did I miss the opportunity" or "Is it too late to get in" type of post. These people are all thinking in the extreme short term.
November 10, 2013, 03:49:38 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
There is no spoon.
November 10, 2013, 03:44:32 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
super post
November 10, 2013, 03:44:16 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
There is no spoon.
November 10, 2013, 03:42:49 PM
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
November 10, 2013, 03:41:55 PM
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
I suspect that if BTC ever reached that valuation its dominance as an ideal form of money, and its acceptance across just about every industry from which you might want things would be so broad that you wouldn't want to sell any portion of your bitcoin for any other currency. Instead, you'd just spend them for the things you want.
Why do you think I didn't say all? At that point I would no longer choose the most profitable investment strategy but the most risk averse one to avoid ever falling below they level of buying power I would have. If you double your buying power at that point doesn't change your life at all so it's not worth any sort of risk. Therefore you spread your portfolio.
Right now, I'm very focused
November 10, 2013, 03:36:11 PM
Spending is the same as selling from your standing point. When you spend you set the price as you value the thing you spend it for some price.
November 10, 2013, 03:31:09 PM
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
I suspect that if BTC ever reached that valuation its dominance as an ideal form of money, and its acceptance across just about every industry from which you might want things would be so broad that you wouldn't want to sell any portion of your bitcoin for any other currency. Instead, you'd just spend them for the things you want.
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