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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33362. (Read 26641005 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad

I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.

Cut the current price in half and that would be about "fair".

That would be $54 a coin. That is just as ridiculous as stating the fair price should be $265. You are going to have a hard time finding anyone agrees with you when the consensus is the fair price at this moment is $108.
How do we evaluate BTC? If we approach it like a stock and talk about earnings, supply and demand, etc., we can see there aren't large earnings but there sure is supply and demand with this low float "entity".
We also can look at it like a commodity, or as a store of value, but these days it is too volatile for that. (But it still must be factored in considering it is a revolutionary monetary tool.

But, just looking at using Bitcoin as a replacement for a small percentage of Credit Card transactions, Western Union transactions, etc, we can evaluate Bitcoin at over $1000 EASY. That is not right now. BUT,
who evaluates a new disruptive "stock" at "right now" performance? Anyone remember Amazon, Ebay, etc. in the late early days? They were trading at 50, 75 or more times earnings. You do that with disruptive Black Swan technology.


So, I can't agree with a low price now, but it may very well happen as we have things, like government, price manipulation, scared investors, etc. there beyond our control. But if we don't get shut down (which really would be tough), we are looking at evaluations that make my $1000 price seem small. Just do the math, simple math... Oh, my bet is that more than likely we are on the Forex in the next couple of years... that is when things go Boom (to boot).
hero member
Activity: 669
Merit: 500
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad

I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.

Cut the current price in half and that would be about "fair".

That would be $54 a coin. That is just as ridiculous as stating the fair price should be $265. You are going to have a hard time finding anyone agrees with you when the consensus is the fair price at this moment is $108.
sr. member
Activity: 411
Merit: 250
I hear BTC being sold...

Will the current price hold without our good friend wallzila?
hehe .. thats why i'm not buying  this all feels too manipulated to me.
sr. member
Activity: 411
Merit: 250
why does shit happen everytime i'm a sleep..

 Huh
legendary
Activity: 1106
Merit: 1026
It's quite interesting to see so much action and volume at that time.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 434
Merit: 250
I hear BTC being sold...

Will the current price hold without our good friend wallzila?
sr. member
Activity: 252
Merit: 250
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad

I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.

Cut the current price in half and that would be about "fair".
hero member
Activity: 669
Merit: 500
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad

I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.
sr. member
Activity: 308
Merit: 250
decentralizedhashing.com
Gah.  You don't know what a slavering maniac is until you see someone blocked at every turn trying to buy BTC during periods of high regulation and low adherence!
member
Activity: 96
Merit: 10
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad

don't worry, this "high" price won't last long  Wink
full member
Activity: 220
Merit: 100
Dammit why does fiat money have to be that slow. I deposited enough to buy 50BTC on thursday, still havnt gotten the transfer through. I have been refreshing my balance so many times the last days, and now this Sad
newbie
Activity: 56
Merit: 0
Price stability is better for bitcoin's long term prospects, but this type of volatility makes things much more fun!  Smiley  I was missing the craziness!
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
I think we're going to go WAY HIGHER than the NASDAQ did since that crash. Even the bears (I think) will agree. There is no way that bitcoins will exist five years from now without being $5,000+ per coin or $0. This $100-$200 stuff will look like a barely noticeable speed bump.

Indeed, and has anyone else noticed how the 2011 peak is a barely noticeable speed bump?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1008
Merit: 1000
I think we're going to go WAY HIGHER than the NASDAQ did since that crash. Even the bears (I think) will agree. There is no way that bitcoins will exist five years from now without being $5,000+ per coin or $0. This $100-$200 stuff will look like a barely noticeable speed bump.


5 years on the NASDAQ chart equals 1.15 month on the BTC chart.  Smiley

Hmm... good point. OK, point taken... UP!
hero member
Activity: 634
Merit: 500
5 years on the NASDAQ chart equals 1.15 month on the BTX chart.  Smiley

No closing hours
sr. member
Activity: 434
Merit: 250
Is the 15k wall really gone? (I don't see it on Clarkmoody)

Yes, it seems to be gone. Surprised it wasn't just moved up. Everything was hanging for a while for me so I wasn't sure. This guy is calling a DDOS on Gox: http://btcbible.com/ddos-attack-mt-gox/

Yes... and he's wrong. I told him on reddit that this is not a DDoS.


Without the saviour wall I expect we'll return down again.  Wink
sr. member
Activity: 420
Merit: 250
Is the 15k wall really gone? (I don't see it on Clarkmoody)

Yes, it seems to be gone. Surprised it wasn't just moved up. Everything was hanging for a while for me so I wasn't sure. This guy is calling a DDOS on Gox: http://btcbible.com/ddos-attack-mt-gox/
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
I think we're going to go WAY HIGHER than the NASDAQ did since that crash. Even the bears (I think) will agree. There is no way that bitcoins will exist five years from now without being $5,000+ per coin or $0. This $100-$200 stuff will look like a barely noticeable speed bump.


5 years on the NASDAQ chart equals 1.15 month on the BTC chart.  Smiley
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