Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32108.

theonewhowaskazu

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Quote from: gambitv on November 10, 2013, 03:08:28 PM

Quote from: elux on November 10, 2013, 02:48:37 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-

http://www.youtube.com/watch?v=l91ISfcuzDw

Wouldn't gold have to halve in price, though?

Boxman90

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My rule for buying back in after a bubble pop: Wait for it to stabilize. Not going to buy in mass panic/mania swings.

hlynur

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Quote from: BarkinTree on November 10, 2013, 03:23:46 PM

.....so should i be buying? i sold some last night and hit one of my buy targets on the way down. not sure if i should keep holding dollars or get back all in... decisions, decisions..... Huh

no daytrader here, but if you're unsure stick with 50/50 fiat/btc.
so far i never went wrong with that position.

freethink2013

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Activity: 224

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Quote from: Ivanhoe on November 10, 2013, 03:18:24 PM

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now Grin

could be worse, she could think you have something to do with bitcoin! Imagine the shame of that!

BarkinTree

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.....so should i be buying? i sold some last night and hit one of my buy targets on the way down. not sure if i should keep holding dollars or get back all in... decisions, decisions..... Huh

Ivanhoe

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Merit: 1000

Quote from: wachtwoord on November 10, 2013, 03:19:29 PM

Quote from: Ivanhoe on November 10, 2013, 03:18:24 PM

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now Grin

Ask her if she has a hoola hoop with her!

Trust me, you don't want to see her with a hoola hoop. Although maybe you will never sleep again thanks to that, so then you can follow the markets instead.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: Ivanhoe on November 10, 2013, 03:18:24 PM

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now Grin

now to demonstrate this impression at a higher level Cheesy

http://www.youtube.com/watch?v=3NFWgG4_6NI

wait for the drunk guy at 2:50

wachtwoord

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Activity: 2324

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Quote from: Ivanhoe on November 10, 2013, 03:18:24 PM

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now Grin

Ask her if she has a hoola hoop with her!

Ivanhoe

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Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now Grin

wachtwoord

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Activity: 2324

Merit: 1125

Quote from: elux on November 10, 2013, 02:48:37 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.

gambitv

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Activity: 196

Merit: 100

Quote from: elux on November 10, 2013, 02:48:37 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-

http://www.youtube.com/watch?v=l91ISfcuzDw

DougTanner

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Merit: 250

So that was most likely a double bottom. I would expect a slow/jerky rise today, then back on track Monday.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

jojo69

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diamond-handed zealot

hula hoop?

freethink2013

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boom! china hits 2000 again!

Wekkel

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yes

Did I jus see a potential BTC valuation of $165k?

freethink2013

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Quote from: strawbs on November 10, 2013, 02:54:40 PM

If I wasn't already all in, I would go all in

Expecting to see demand tomorrow once bank transfers land in exchanges following the weekend. Btw, did we establish that tomorrow is definitely a bank holiday in USA? Or just Poland?

deffo a bank holiday in the usa https://en.wikipedia.org/wiki/Veterans_Day

strawbs

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If I wasn't already all in, I would go all in

Expecting to see demand tomorrow once bank transfers land in exchanges following the weekend. Btw, did we establish that tomorrow is definitely a bank holiday in USA? Or just Poland?

dserrano5

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