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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoins price rise is a process of pulling bitcoins from early adopters in a slow but steady process.
I have nothing about speculators but realize there's a long game at play here for many of us.
I have nothing about speculators but realize there's a long game at play here for many of us.
Richy drops some wisdom
Re: Speculate where the price will be headed when gox comes back
My bold prediction:
MtGox will come back up, everyone will look at each others... and nothing will happen.
Price won't move (significantly) in any direction.
MtGox will come back up, everyone will look at each others... and nothing will happen.
Price won't move (significantly) in any direction.
big assumption there, that everyone learns from past mistakes. Better copy / paste this one to the wall of bold predictions. Bold indeed.
If we learned this lesson we may have learned a lesson from the last bubble as well, but the market's hardiness should restore some lost confidence.
Looks like both bulls and bears got a little something.
Anyone willing to pay that loser 10BTC/hour will end up broke.
LOL
Based on the guy's track record you can be sure to get bad advice lol.
LOL
Based on the guy's track record you can be sure to get bad advice lol.
From what I understand, he's pretty loaded and had some great foresight to get into bitcoin early. You don't get to that point without being a winner imo.
As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.
This forum needs more love
Man, this is all relative - most of people in here got his money in BTC before the bubble, when price was sub $15 - and we went up to $266, and now we are still at $110... Losing money is impossible, there's a lot of people who is VERY loaded and is not pretending they are some gurus.
Remember that buying the BTC2,5k rpietila says he has, was just a $25k investment a few months ago (he bought at the end of 2012 I think - not so early BTW). Not a very big deal.
And BTW, people like Smoothie or Goat (just to say two members that write in this thread) have a bigger stash and they dont brag about it.
+1
http://www.reactiongifs.com/wp-content/uploads/2011/05/tumblr_ljh0puClWT1qfkt17.gif
Well of course I don't know, but I would guess they stay under $200. I wonder what effect the conference might have on the price.
I wonder what effect China will have.
I wonder what effect the moon will have.
Tomorrow is a new moon!!! Coincidence?!!
In 10 yrs there will be more than 11 mil BTC.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
The price of gold is ~1,500/oz the LOWEST estimates of the amount of gold in the world say that there is ~4.9billion oz of gold that has been mined in the world.
Compare that to 21 million BTC
Quick news flash.
Average gross income is < $5500 per year. (2010)
All this "new money"? Let's talk smaller.
Average gross income is < $5500 per year. (2010)
All this "new money"? Let's talk smaller.
70% of Chinese are not even really part of the economy, but they count for the average. Those who read Xinhua are part of the economy.
But yeah, you're right. We're not talking about 100K per year.
But there is $ in numbers. If every single person in China invested $1 in BTC that would mean an injection of 1.34billion into BTC That would make BTC worth $120 without including any of the western investment. Of course not everyone will invest but even 1% of China's population is 13.4 million and I'm sure a wealthy minority will invest a little more than $1
how ever ...
average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher
source: http://bitcoincharts.com/markets/mtgoxUSD.html
average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher
source: http://bitcoincharts.com/markets/mtgoxUSD.html
Good point
Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
IMO the whales are the market. What percentage of traded BTC do you think they own?
so go compare with daily volumes of the last 90 days and tell me something more about roofs again please ... 
edit: added a "s" for plural of roof
edit: added a "s" for plural of roof
What you want 70k from the 266 drop? Obviously I am not predicting that kind of movement... At any rate we will see. I'll be happy to be wrong and I'll be happy to be right. I'm win-win at this point.
Volume is going through the roof on this fall. Gunna be a long drop. See yall at the bottom
what a stupid claim!
are you even waching?
or maybe only for an hour?
where is your roof @? 10.000 BTC?
38k on the hourly at the beginning of the drop yesterday
16k this last hour
EDIT added a word
you bulls will never learn 
enjoy this brief period in triple digits while it lasts
enjoy this brief period in triple digits while it lasts+1
The wall was tested and fell..that means one thing..im not gonna buy yet...i think we are going to go much lower...maybe not today though.
Volume is going through the roof on this fall. Gunna be a long drop. See yall at the bottom
lol he pulled back again and again, what a coward
Don't you see? By removing the wall he allows the price to rise and he sells at even bigger profits. Yall gettin trapped.