All posts made by impulse in Bitcointalk.org's Wall Observer thread
1.
Post 1879007 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_10.53h):
Looks like the majority of that big buy came from off the order book. Bid sum appears intact at new highs.
2.
Post 2051202 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_10.56h):
+1
In theory, yes. But is there a seller willing to sell at these low levels, who already has sold to cash out $2M (which is 20k coins)? In my calculation, there are only about 40 people in the category.
It is possible that he is a buyer after all, no matter how unreasonable it is.
(When I was a newb about 6 weeks ago, I showed $130k wall in Bitstamp just for the lulz, and ended up buying at an average 6% higher than the point of showing the wall, I also drove the price from 2% discount to Mt.Gox to 2% premium. Now I am smarter and know how to play. Still I might do things just for the lulz, like the mindless crash of 14. Feb makers who wanted a red Valentine candle).
If you don't mind my asking, what is your reasoning for the 40 people holding 20k? I have been trying to estimate the numbers of large holders. How many do you estimate hold over 1k?
3.
Post 2148005 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_10.58h):
I guess someone just really needed 3 million dollars! Good riddance to them, now let's be sure not to let them buy anything back without paying a premium for the privilege.
4.
Post 2160922 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_10.59h):
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
5 Mega into Coinbase wasn't too shabby honestly.
Agreed, even with the large pools of money that VC's have access to, any investment measured in millions is a big investment, make no mistake.
5.
Post 2160940 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_10.59h):
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
5 Mega into Coinbase wasn't too shabby honestly.
Agreed, even with the large pools of money that VC's have access to, any investment measured in millions is a big investment, make no mistake.
It also probably means that they expect a return of $100 million or more if things work out.
6.
Post 3357939 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.17h):
Now I am just waiting for the announcement of a bank holiday this weekend.
7.
Post 3387291 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.18h):
Next major milestone would be 1000. 500 would be a minor milestone though. We're a good ways off. It may never be like the April rally again. That's neither a bad thing nor particularly lamentable. You only get one 16th birthday.
Yeah, but it's on your 21st birthday that you get wasted and make bad decisions. Buy this sucker up to $5000 you drunkards you!
8.
Post 3388388 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.18h):
Nevermind that that's about the best, most generous, most helpful advice you could have given anyone at almost any time in the past four years; it's just not socially OK to do.
I have been telling people about Bitcoin for more than 2 years, making them "aware" of it while trying not to push it hard, and recommending the, "not more than you can afford to lose" approach. I have always believed that Bitcoin is just too important to ignore, and has too much potential to not invest SOMETHING in it, even it it is a very small amount. Investing $100 at any point during late-2011 and 2012 would have yielded between about a $1500-$10000 return as of today. That's crazy! All in all, I'm sure that I have told no less than 40 people about it and not one person has bought in. It actually makes me kind of sad.
9.
Post 3388610 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.18h):
an investment produces something, it has utility. investing in a worker and a taco truck, produces a return. buying something and hiding it produces nothing.
the present value should already contain all discounted future value, which is anticipated by market participants. although one could make an argument that market participants are growing temporarily driving up the price.
so then we may have what is called a liquidity trap in the bitcoin world. which would result in deflation (higher btc price)that we are now seeing but it is not a long term innovation value driven bubble by a change in the rate of adoption and rate of tx growth.
IF that is the case, then as soon as the speculators run out of powder and whatever other reasons others may have for hoarding the crash will come , unless tx rates increase dramatically. it could happen, i just don't see it right now.
this is not to say that the price cannot go up, it may for some time, until people realize that there is no additional value from just buying the stuff and not doing anything with it.
Bitcoin does have utility, and it is filling a serious gap in a world that is looking for alternative ways to store wealth in an increasingly unstable financial world. I live in a city that is currently experiencing a condo boom/bubble that is largely the result of asian money looking for a way to hedge their holdings. Bitcoin is starting filling this niche. In the future, Bitcoin's utility as a transactional medium will be realized with increased market penetration and a mature ecosystem of services.
10.
Post 3410147 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.19h):
When will someone make a service that will truly revolutionize the way we use bitcoin?
Working on it now.
Awesome, when can we expect it to release?
11.
Post 3410182 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_11.19h):
Awesome, when can we expect it to release?
Q2 of next year, probably.
Can't wait to see what you have come up with. I think that next year will be really exciting from a development/services point of view. This year brought a lot of strong developers into bitcoin.
12.
Post 7974576 (copy this link) (by impulse) (scraped on 2020-04-04_Sat_13.00h):
Objectively speaking, once an ETF is available as a public investment vehicle, anyone who does not at least have exposure as a small percentage of a tax-deferred retirement portfolio is completely out of their mind. That alone is a monstrous amont of capital, total US retirement assets are on the order of $20 trillion. Capturing just one tenth of one percent of that would be about $20 billion slamming right into the float.
If 20 billion were to slam into the market you would need to buy about 32 million bitcoins to satisfy the demand at current prices, which is of course impossible. Even if half of all bitcoins in existence were to turn over to new owners they would have to sell for an AVERAGE of $3000 per coin, which means of course that the peak price would be considerably higher. And that's only if half of the whole supply were up for grabs.