Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33466.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: niothor on May 19, 2013, 03:48:48 PM

Quote from: Its About Sharing on May 19, 2013, 03:42:02 PM

It should not be about hoarding.

That's my point also , but I bet 99% think (and do) otherwise.

Early one people seem to be doing two things:
1 - Have a BTC savings account (e.g. paper wallet, etc.)
2 - Have a spending account (e.g. - client, e-wallet, android apps, etc.)

At this point in time it seems the users are also trying to spend their BTC's with #2 but they are also holding (hoarding?) for the future. But I don't see that as a long term problem. As the price goes up people will start selling. That has already begin. It is a sort of distribution system. We don't want "wall street" buying things up at these low levels.

niothor

hero member

Activity: 826

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in defi we trust

Quote from: Richy_T on May 19, 2013, 03:42:18 PM

Comprehend this Cheesy

It clearly shows that time, space and bitcoins are relative.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Its About Sharing on May 19, 2013, 03:42:02 PM

It should not be about hoarding.

That's my point also , but I bet 99% think (and do) otherwise.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

Quote from: Richy_T on May 19, 2013, 03:42:18 PM

Comprehend this Cheesy

BFL output?

crumbcake

newbie

Activity: 42

Merit: 0

Quote from: Richy_T on May 19, 2013, 03:42:18 PM

Comprehend this Cheesy

http://www.rtcons.com/wall/oops.png

PLZ make it strobe!!

crumbcake

newbie

Activity: 42

Merit: 0

Quote from: niothor on May 19, 2013, 03:33:59 PM

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.

I wonder if perpetual bulls find Pascal's Wager convincing...

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Comprehend this Cheesy

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: niothor on May 19, 2013, 03:33:59 PM

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.

A currency not used is essentially a useless currency - at least when one considers what BTC is about.

Anyway, with the (current) 100,000,000 bits per BTC, it doesn't require many to be in circulation for it to be effective. We have near infinite divisibility (can increase) of each of the 11 million BTC units (not infinitely printable like current central banks and Quantitative easing - yuck! Think about that... Use it or lose it I would say though. It should not be about hoarding. We are early on in the movement though so things will change here as we go forward. Further the mentality of the average BTC user is not about power and fame. This is a morally found movement about change. Don't cheapen the argument here.

We are taking part in the largest social experiment in our history. And you know the answer? eheeh, come on... We are all sitting in the front row and watching with our eyes wide open... Wink

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.

relm9

hero member

Activity: 840

Merit: 1000

I don't think you can extrapolate any rise or fall in price from Google Trends. When someone hears about something for the first time, of course their first instinct will be to scour the internet for information, after that you don't go around searching it daily.

cedivad

legendary

Activity: 1176

Merit: 1001

Actually, the google trends is a good indicator. As of now, we are still above the searches per day we did when we first reached 100$ (1th of April), and the price is stable above 100$.
That, IMO, is a healthy indicator.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: samson on May 19, 2013, 02:21:59 PM

Quote from: wonkytonky on May 19, 2013, 02:05:22 PM

Quote from: samson on May 19, 2013, 02:00:53 PM

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.

Seriously? We are still doing this silly Google Trends thing?

Alright, if that's how we play it:

Quick, sell every last Euro you own!!!

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: kickinyou on May 19, 2013, 01:36:57 PM

will we see a down this Monday morning or will it go up?

what do the majority thinking?

i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?

Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

Mediocre rise, possibly masked by noise?

Frozenlock

sr. member

Activity: 434

Merit: 250

hubbabubbabaker

member

Activity: 98

Merit: 10

Sometimes - history needs a push.

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

Dumbastronaut

member

Activity: 126

Merit: 16

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

Quote from: lysr on May 19, 2013, 02:37:31 PM

Quote from: kickinyou on May 19, 2013, 02:16:24 PM

Quote from: lysr on May 19, 2013, 02:09:33 PM

Quote from: kickinyou on May 19, 2013, 01:36:57 PM

will we see a down this Monday morning or will it go up?

what do the majority thinking?

i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?

Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? Tongue

(learning

)

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

+1

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: Its About Sharing on May 19, 2013, 02:51:15 PM

11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap

ChartBuddy

legendary

Activity: 2352

Merit: 1819

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Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: lysr on May 19, 2013, 02:37:31 PM

Quote from: kickinyou on May 19, 2013, 02:16:24 PM

Quote from: lysr on May 19, 2013, 02:09:33 PM

Quote from: kickinyou on May 19, 2013, 01:36:57 PM

will we see a down this Monday morning or will it go up?

what do the majority thinking?

i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?

Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? Tongue

(learning

)

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? Wink

lysr

member

Activity: 161

Merit: 11

Quote from: kickinyou on May 19, 2013, 02:16:24 PM

Quote from: lysr on May 19, 2013, 02:09:33 PM

Quote from: kickinyou on May 19, 2013, 01:36:57 PM

will we see a down this Monday morning or will it go up?

what do the majority thinking?

i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?

Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? Tongue

(learning

)

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33466. (Read 26496382 times)