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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 391. (Read 1811603 times)

legendary
Activity: 1106
Merit: 1001
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

Things are looking pretty bullish :-) Thanks, Proudhon!

I think in a twisted way Proudhon has bought into his own contrarian indicator myth. Now he thinks he actually has an impact on the market by issuing his bear warnings, so he keeps doing it, hoping that they will push the market up beyond the point of reason and, in a double psych, cause a correction that he can then claim he predicted.

Layers within layers, my friends  Grin
legendary
Activity: 1498
Merit: 1000
Proudhon natters like the Golum wanting back his lost ring! LMAO
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

Things are looking pretty bullish :-) Thanks, Proudhon!
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.
What market size should bitcoin be, in your opinion? The size needed that it can be used to transfer wealth around without pushing the price around too much.

He wants the price back to $1 so he can load up again and replace all the bitcoins he sold at a ridiculously low price when he first thought he had called the top correctly. I wonder what price it would get to before it is too difficult for him to watch anymore? $500?
donator
Activity: 1722
Merit: 1036
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

Make it "to about $100", so it will be more appropriate to talk about "the grand scheme of things"  Cheesy
member
Activity: 174
Merit: 10
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.
What market size should bitcoin be, in your opinion? The size needed that it can be used to transfer wealth around without pushing the price around too much.
full member
Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
(Honestly, this looks like a bug.)

But assume that's a real bid wall:

I have bad news for him.

There will only be 21,000,000 BTC, ever.

There are only 10,600,000 BTC available right now if he bought every last one.

There's no way he'll be able to buy them all for $84.

But assuming we all went totally insane and everyone sold him 10,600,000 BTC at $84,

He would spend $890,400,000 and have $1,399,999,109,600,000 left over with which to buy:

All the world's GDP: $69,970,000,000 (we could all just receive a paycheck from him for a year and do nothing)

All the US's real estate: $25,000,000,000

(I want to add in the cost of real estate worldwide but there aren't good figures on it, so please just skip this plot hole, thanks!)

Unfortunately, at that point he would own the entire world and would have to burn the rest of his $1,399,904,139,600,000 in one giant bonfire, because nobody would have any goods, property, or services to sell him so the USD would be worthless.

Of course, BTC prices would skyrocket. BUY BUY BUY!
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

Agreed. But we probably don't see it from the same point of view  Wink
legendary
Activity: 2198
Merit: 1311
In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.
member
Activity: 174
Merit: 10


Someone with all the money in the world wants to buy in  Shocked
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
New milestone. The $87.70 ATH is 3x the current silver price of 29.20 :-)
legendary
Activity: 1498
Merit: 1000
All European Banks closed on Friday AND Monday (scheduled):

http://www.ecb.int/home/html/holidays.en.html

BUT...On Friday it is pay day + the recent drama in eurozone....

Go figure!

FUD.... maybe they will take the opportunity to never open again  Shocked


Amen to that
donator
Activity: 1722
Merit: 1036
All European Banks closed on Friday AND Monday (scheduled):

http://www.ecb.int/home/html/holidays.en.html

BUT...On Friday it is pay day + the recent drama in eurozone....

Go figure!

FUD.... maybe they will take the opportunity to never open again  Shocked
legendary
Activity: 1498
Merit: 1000
All European Banks closed on Friday AND Monday (scheduled):

http://www.ecb.int/home/html/holidays.en.html

BUT...On Friday it is pay day + the recent drama in eurozone....

Go figure!
member
Activity: 64
Merit: 10
All time high $87.70
member
Activity: 116
Merit: 10
hero member
Activity: 784
Merit: 506
hero member
Activity: 784
Merit: 1000
Somebody set bears up the bomb! Shocked


legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Everyone is quick to suggest recent performance is an indicator of future performance, but then quick to shoot down anyone suggesting that a past bubble won't indicate a future bubble. I'm confused, why the inconsistency?

On a yearly basis, there has never been a bitcoin bubble.

On a nation-wide basis, there has never been a housing bubble.  Oh wait...
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