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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33423. (Read 26462219 times)

sr. member
Activity: 434
Merit: 250
Or monetization?

Problem is I don't really think bitcoins are worth as much as they are now. Even counting hype I'd say 75, and that's very generous considering many of the hyper bears out there.

Hyper-monetization: Questioning the "Bitcoin bubble" bubble

TL;DR: for money, the higher the value, the more interesting it becomes.

Quote
To imagine how different this is from a classic asset bubble, it would be as if not only the price of bubble-era houses were rising, but also that their actual sought-after qualities as houses were improving spontaneously at the same time. Such houses might sprout new rooms with no one building them, with new paint jobs appearing mysteriously overnight without any painters having visited.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
A stable sine wave of about 20USD of amplitude and about 15 minutes of wavelength for a few days would be nice...



The Bitcoin market is more polar.

i.e.



Wolfram Alpha isn't being cooperative, what does that looks like?
newbie
Activity: 56
Merit: 0
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.

+1

I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe.

Or monetization?

Problem is I don't really think bitcoins are worth as much as they are now. Even counting hype I'd say $75, and that's very generous considering many of the hyper bears out there.
legendary
Activity: 1148
Merit: 1018
But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year

People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.

Are they really worth $113 or more right now ?

Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.


The market is different from 4 months ago.

Consider 11 million bitcoins. 1 million probably lost, and 75% sitting in wallets rarely moving. This leaves 2.5 million active in the market, the "free float"
Winklevii have absorbed 110k for a long-term investment. Many others have done the same. Assume that 1000 people have recently taken 1000 coins each for long-term holdings as the news frenzy went on. That means the 2.5m free float has been halved. Market dynamics are complex and this could easily mean a stable 8x increase in value.

This will constantly change. When BTC passes $1000 many stale coins from the 75% will wake-up and hit the market. Expect price swings like $1,700 to $700 in a few days. All the newspuppies who called Bitcoin a bubble ponzi will also wake-up and claim they were right. It continues...


I give you that the next crash will be brutal. Huge amount of hoarders is waiting for triple digits to dump for good

The slower we climb there, the bigger will be the depth, the better will be the infrastructure, the softer it will be the fall
newbie
Activity: 56
Merit: 0
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.

+1

I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe.

You must be great at parties.

https://i.imgur.com/p9XJw.gif

I'm simply trying to remain as rational as possible. I'm no bear, nor bull, I am a dragon; albeit a baby dragon.

Short term, I believe there will be a downtrend. Long term, I definitely believe in an uptrend.

Mid term, now... that's the mystery.

Anything could happen, but to me these are the most logical conclusions.
member
Activity: 87
Merit: 10
Can't see much happening before the bitcoin conference, which is only a week away now.
http://www.bitcoin2013.com/


Bitcoin confrences are the most anti-climatic non-news events of the year. Ohhh Gavin tell us why you like Bitcoin. Gavin why do you hate colored coins? 54 satoshi's? Really?

Bitcoin hype coming from the Bitcoin confrence isn't going to move the needle. Gyft news, top VC is backing his first company in two years and it's Coinbase, and everyone goes "zzzzzzzzzzzzzzzz". Won't be any news topping those two stories.

+1
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year

People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.

Are they really worth $113 or more right now ?

Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.


The market is different from 4 months ago.

Consider 11 million bitcoins. 1 million probably lost, and 75% sitting in wallets rarely moving. This leaves 2.5 million active in the market, the "free float"
Winklevii have absorbed 110k for a long-term investment. Many others have done the same. Assume that 1000 people have recently taken 1000 coins each for long-term holdings as the news frenzy went on. That means the 2.5m free float has been halved. Market dynamics are complex and this could easily mean a stable 8x increase in value.

This will constantly change. When BTC passes $1000 many stale coins from the 75% will wake-up and hit the market. Expect price swings like $1,700 to $700 in a few days. All the newspuppies who called Bitcoin a bubble ponzi will also wake-up and claim they were right. It continues...
sr. member
Activity: 434
Merit: 250
Won't be any news topping those two stories.

Inb4 Gavin saying "I was wrong, Bitcoin is doomed to fail!"
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
Can't see much happening before the bitcoin conference, which is only a week away now.
http://www.bitcoin2013.com/


Bitcoin confrences are the most anti-climatic non-news events of the year. Ohhh Gavin tell us why you like Bitcoin. Gavin why do you hate colored coins? 54 satoshi's? Really?

Bitcoin hype coming from the Bitcoin confrence isn't going to move the needle. Gyft news, top VC is backing his first company in two years and it's Coinbase, and everyone goes "zzzzzzzzzzzzzzzz". Won't be any news topping those two stories.
sr. member
Activity: 434
Merit: 250
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.

+1

I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe.

Or monetization?
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.

+1

I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe.

You must be great at parties.

newbie
Activity: 56
Merit: 0
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.

+1

I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe.

Edit: I wouldn't really call this stability though. It's more like a ghost-town.
legendary
Activity: 2534
Merit: 2245
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year

People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.

Are they really worth $113 or more right now ?

Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.


Right now, they're worth whatever they are changing hands for. That's about all you can say.
hero member
Activity: 504
Merit: 500
This stability is scaring me... Sad

Quiet before the storm. Something bigs gonna happen.
full member
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested?

No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. Tongue

everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high Wink

 


I dunno what you are talking about, I personally prefer to buy high sell low - it keeps everyone else happy

I do it sometimes too, but it on the account is missing then:(
sr. member
Activity: 434
Merit: 250
What's with Bloomberg and bringing skeptical analysts?! We want full fledged pro-Bitcoin folks!  Grin
legendary
Activity: 1458
Merit: 1006
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested?

No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. Tongue

everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high Wink

 


I dunno what you are talking about, I personally prefer to buy high sell low - it keeps everyone else happy
sr. member
Activity: 434
Merit: 250
I feel bullish.

I do too, don't know why.

Ah yes, I know... because we've got the best newswise month evaaaaar!

Thankfully I'm not trading with my emotions.  Wink
full member
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested?

No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. Tongue

everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high Wink

 
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