Where do we go from here you ask? Just prepare for the worst thats all you can do.
Heres what I`m doing right now, selling it till maybe I come back at $100 value. Its based on what you personally think its worth at the end of the day.
And for me I`m doing all the things I can produce bitcoin in a non traditional mining way to partner up a food truck that I handle these transactions and I take the split.
so even if it does go up, I`ll be at a gain due to that.
Topic: And here we go in the red zone again. BTC under $220 .WTF s going on? - page 2. (Read 2408 times)
April 14, 2015, 08:02:57 PM
April 14, 2015, 03:30:33 PM
Weve tested these levels before and according to past performance we should be able to get back into a upswing soon but i gotta agree, this may just be the market shaking out weak hands again ...
Not so sure. Look at the long term general pattern. Definitely going down and not recovering. Do not like what I see.
April 14, 2015, 04:08:27 AM
Weve tested these levels before and according to past performance we should be able to get back into a upswing soon but i gotta agree, this may just be the market shaking out weak hands again ...
April 14, 2015, 02:48:42 AM
and btw sub 200 isn't something new, we were at 150-180 for before
But that was back when difficulty level was lower. Maybe time to switch to POS.
as far as i know it happened 1 month ago, not that old, and difficult wasn't that different from now, it has been stuck(range -10% +10%) there like the price
They can either sell at a loss or hold until everyone else stops selling at a loss.
they aren't selling at loss, many miners(especially big farms) have probably roi'ed(i would say many months ago...), they are free to dump any bag
April 14, 2015, 02:47:08 AM
To summarize: most people, outside of hardcore bitcoiners, don't really care nor hear about bitcoin. It's not making headlines anymore, and when it does it's for the wrong reasons. The shorters are the only ones sustaining and controlling the market right now.
If this is true, then the outcome s quite clear. We re almost at the edge....
Regarding mining, Umisoo and S2 miners have become unprofitable yesterday and will be turned off soon. If the price keeps going down, S3 s next in line. This is cloud data.
I m sure home miners are not far away from that.
Speculators and scammers, they simply have to destroy everything.
April 14, 2015, 02:07:11 AM
And some are not shorting per se... They are buying NBT, BitUSD or TetherUSD. It's same as fiat in terms of value per USD but safer because you can withdraw them from the exchange and hold it in a wallet.
April 14, 2015, 02:05:13 AM
They can either sell at a loss or hold until everyone else stops selling at a loss.
You mean present miners stop selling at loss.
(Unfortunately there are other players in the game. Everyone else != present miners)
April 14, 2015, 01:58:52 AM
To summarize: most people, outside of hardcore bitcoiners, don't really care nor hear about bitcoin. It's not making headlines anymore, and when it does it's for the wrong reasons. The shorters are the only ones sustaining and controlling the market right now.
April 14, 2015, 01:31:28 AM
Proof of stake and bitcoin can't coexist , because btc is based on PoW. If you want to stake your coin, do it but it is not necessary or needed a change in the protocol.
April 14, 2015, 01:25:41 AM
They can either sell at a loss or hold until everyone else stops selling at a loss.
April 14, 2015, 01:19:36 AM
who are those cloud mining service, can you post a list or something, i know the big one are still in play
and btw sub 200 isn't something new, we were at 150-180 for before
and btw sub 200 isn't something new, we were at 150-180 for before
April 14, 2015, 12:58:02 AM
Most of cloud mining services and most of ordinary miners are entering the red zone of potential shut down when BTC goes under $220.
Comments? Where do we go from here?
Comments? Where do we go from here?
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