Wall Observer - MtGoxUSD wall movement tracker - page 726.

Spaceman_Spiff

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Quote from: robocoin on February 01, 2013, 10:55:40 PM

I think I'm a lttle confused about the term "market cap". There are no "shares outstanding". Can this term be used in forex?

I don't think it is an official term, but it is being used to describe 'BTC price' * 'BTCs in circulation'.
Its like looking at the value of the monetary base of a currency in terms of another currency (here BTC to USD)

robocoin

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Quote from: thefiniteidea on February 01, 2013, 09:45:15 PM

Quote from: Spaceman_Spiff on February 01, 2013, 09:30:51 PM

Quote from: robocoin on February 01, 2013, 09:11:00 PM

Quote from: thefiniteidea on February 01, 2013, 08:44:01 PM

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

inflation adjusted bitcoin market cap = btc price, no?
I think the market cap is a good thing to look at. Probably the best way to judge bitcoin is something between btc price and market cap.

BTC market cap, in USD = BTC value adjusted for BTC rate of inflation, in USD

It's not the exchange rate, or the "price", in USD. But it does display value more accurately, rather than the exchange rate.

In my opinion, value is way more important than price when it comes to trading. Which is why I focused on it here.

To answer your question, spaceman, yes lol and I agree that price is relevant as well. Especially even numbers 10, 20, 100...

I think I'm a lttle confused about the term "market cap". There are no "shares outstanding". Can this term be used in forex?

http://www.investopedia.com/terms/m/marketcapitalization.asp#axzz2Ji2ICo2Q

Spaceman_Spiff

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Quote from: keewee on February 01, 2013, 10:44:48 PM

Down...

Meh, its only down a little. We could be plateau-ing here for a bit before we move up again.
I think its likely we'll have support at $19.5. If not there then $17.7, but I don't think we'll go that low.

420

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weekend dip came early

oakpacific

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The spread is quite big.

keewee

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Down... been a bit of selling today, wonder what the weekend will bring?

420

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The Link:

https://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

thefiniteidea

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Quote from: Spaceman_Spiff on February 01, 2013, 09:30:51 PM

Quote from: robocoin on February 01, 2013, 09:11:00 PM

Quote from: thefiniteidea on February 01, 2013, 08:44:01 PM

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

inflation adjusted bitcoin market cap = btc price, no?
I think the market cap is a good thing to look at. Probably the best way to judge bitcoin is something between btc price and market cap.

BTC market cap, in USD = BTC value adjusted for BTC rate of inflation, in USD

It's not the exchange rate, or the "price", in USD. But it does display value more accurately, rather than the exchange rate.

In my opinion, value is way more important than price when it comes to trading. Which is why I focused on it here.

To answer your question, spaceman, yes lol and I agree that price is relevant as well. Especially even numbers 10, 20, 100...

Spaceman_Spiff

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Quote from: robocoin on February 01, 2013, 09:11:00 PM

Quote from: thefiniteidea on February 01, 2013, 08:44:01 PM

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

inflation adjusted bitcoin market cap = btc price, no?
I think the market cap is a good thing to look at. Probably the best way to judge bitcoin is something between btc price and market cap.

thefiniteidea

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Quote

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

Bitcoin price in USD X amount of Bitcoins in circulation. Pretty simple. What's not to understand?

Calculating Bitcoin inflation is easy. We have the data right in front of us. Calculating USD inflation is much harder, sure, but thats not what we're talking about.

Also, don't really understand why you're suggesting that I need to create a chart when Blockchain.info already has... like I said, it's pretty simple...

robocoin

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Quote from: thefiniteidea on February 01, 2013, 08:44:01 PM

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

Quote from: ElectricMucus on February 01, 2013, 06:16:57 PM

Quote from: 420 on February 01, 2013, 06:14:48 PM

Quote from: thefiniteidea on February 01, 2013, 06:01:14 PM

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation Cheesy

Oh, and its a big deal for you guys mostly, at least it should be... not so much the average buyer. They could care less about technical indicators like this.

But you know what else is real interesting? The DJIA index has been making new highs lately. Right now, it's at around 14,000.

But is it really making new highs?

Pulled from http://home.earthlink.net/~intelligentbear/com-dj-infl.htm

[img]http://home.earthlink.net/~intelligentbear/dj-lt-infl.gif
[img]http://home.earthlink.net/~intelligentbear/dj-compare-1964-1984.gif

Not even god damned close... the sham of inflation Wink

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

oakpacific

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Quote from: adamstgBit on February 01, 2013, 04:41:02 PM

Quote from: cypherdoc on February 01, 2013, 01:39:27 PM

Adam, just hit the buy button! Cheesy

no, I have absolute confidante in bitcoin ability to out of the blue crash down 10-30% Wink

How conservative you have become! Where are my $12.5 bitcoins? Wink

thefiniteidea

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Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

Quote from: ElectricMucus on February 01, 2013, 06:16:57 PM

Quote from: 420 on February 01, 2013, 06:14:48 PM

Quote from: thefiniteidea on February 01, 2013, 06:01:14 PM

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation Cheesy

Oh, and its a big deal for you guys mostly, at least it should be... not so much the average buyer. They could care less about technical indicators like this.

But you know what else is real interesting? The DJIA index has been making new highs lately. Right now, it's at around 14,000.

But is it really making new highs?

Pulled from http://home.earthlink.net/~intelligentbear/com-dj-infl.htm

Not even god damned close... the sham of inflation Wink

420

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Quote from: adamstgBit on February 01, 2013, 08:23:40 PM

last chance to sell above 20! Grin

you ass

adamstgBit

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last chance to sell above 20! Grin

robocoin

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Quote from: thefiniteidea on February 01, 2013, 06:01:14 PM

This data doesn't show how much fiat is actually spend on Bitcoin. You can't use this statistic for anything. There were simply a few million less Bitcoins available in 2011... There are 10,728,725 BTC mined atm and the pseudo market cap is calculated by multiplying it with the current price. So its for the lulz. With money from different exchanges, BTC-OTC and private exchanges you can't really see how much Dollars and Euros are flooding in. We could guess. I guess its less than 200 mio USD.

ElectricMucus

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Quote from: 420 on February 01, 2013, 06:14:48 PM

Quote from: thefiniteidea on February 01, 2013, 06:01:14 PM

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation Cheesy

420

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Quote from: thefiniteidea on February 01, 2013, 06:01:14 PM

market cap new high

i dont think new buyers would think of that

how is that resistance?

thefiniteidea

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"In Us We Trust"

420

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2.5k sell order removed

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 726. (Read 1811606 times)