It's crunch time Bulls. - page 2. | Bitcointalksearch.org

Crypt_Current

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Quote from: Kazu on July 01, 2013, 06:14:14 PM

Bitcoinity is looking so nooby right now to me...

I'm seeing:

92.59 USD / BTC
bid: 98.18 ask: 87.80

WTF, Bid > Ask, and the supposed price higher than both?

Literally wtf: https://i.imgur.com/19xXlLa.png

my view is much different than that. maybe zoom in a bit on the top will do something for you? i dunno

Kazu

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Bitcoinity is looking so nooby right now to me...

I'm seeing:

92.59 USD / BTC
bid: 98.18 ask: 87.80

WTF, Bid > Ask, and the supposed price higher than both?

Literally wtf: https://i.imgur.com/19xXlLa.png

MinermanNC

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Quote from: CMMPro on July 01, 2013, 06:08:48 PM

Bitcoinity has a 3 minute delay due to lag at Gox...

87.00 now

CMMPro

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Bitcoinity has a 3 minute delay due to lag at Gox...

Crypt_Current

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Quote from: Kazu on July 01, 2013, 06:02:37 PM

Why am I seeing Bitcoinity at $92 etc... etc...

which market are you watching? did you refresh? last gox price for me on that site was 87.xx ...

Kazu

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Why am I seeing Bitcoinity at $92 etc... etc...

MinermanNC

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Quote from: Crypt_Current on July 01, 2013, 05:57:12 PM

... and it just broke.

"if you're not out, get out" lol

seriously, all downhill from here.

lol

Crypt_Current

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... and it just broke.

"if you're not out, get out" lol

seriously, all downhill from here.

MinermanNC

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Quote from: Crypt_Current on July 01, 2013, 05:48:49 PM

Quote from: MinermanNC on July 01, 2013, 05:47:28 PM

Quote from: Crypt_Current on July 01, 2013, 05:41:28 PM

Quote from: MinermanNC on July 01, 2013, 05:39:15 PM

Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high

But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up Shocked

but yes, right now asics are probably hurting the market, but it will level off.

If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network.
ftfy

Yes that is true, same supply, but it would be held by the elite few mining companys at that point with the most powerfull hashing,,,then they would set the market value,,,,lol

Probably not completely true. Counterexample: I get "free" electricity ... No event outside of a freak accident is going to stop me from mining for the foreseeable future.

Agreed. I have no plans in stopping, but the value in hashing is dropping like a led balloon and before you know it, to maintain a substainable income for it all, its time to buy more gear...The only hope we have is for BTC to rise at a rate that out paces the difficulty, if so then its all good

in theory it should go that way.... but so much depends on the regulators sticking their noses in it etc etc...who knows?

Crypt_Current

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Quote from: Kazu on July 01, 2013, 05:48:13 PM

Quote from: vokain on July 01, 2013, 05:41:48 PM

Quote from: Kazu on July 01, 2013, 05:40:51 PM

Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.

why panic when you can buy

Becuause if it breaks $57 It'll probably go down to like $20 or something.

IMO the support levels are:

$85ish (the low following the bounce off $57)
$57
$17 (won't actually hit it, likely stay like $20ish or something)

Currently I'm thinking a bounce off of $57 is most likely, probably never actually hitting $57 again, though we'll likely see $60. I've been wrong plenty before though so I could easily be wrong again.

prices won't go below $70-$75 unless Gox breaks below $88 before they start allowing USD withdrawals again. If it doesn't break below that, we will have a trend reversal, likely a fantastic one.

MinermanNC

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Quote from: Kazu on July 01, 2013, 05:40:51 PM

Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.

You wont' be alone sweating if it dips that low! I have quite a bit tied up in new asic gear and calmly waiting for its arrival as I watch the value in that gear,,,slip slidng away"

Crypt_Current

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Quote from: MinermanNC on July 01, 2013, 05:47:28 PM

Quote from: Crypt_Current on July 01, 2013, 05:41:28 PM

Quote from: MinermanNC on July 01, 2013, 05:39:15 PM

Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high

But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up Shocked

but yes, right now asics are probably hurting the market, but it will level off.

If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network.
ftfy

Yes that is true, same supply, but it would be held by the elite few mining companys at that point with the most powerfull hashing,,,then they would set the market value,,,,lol

Probably not completely true. Counterexample: I get "free" electricity ... No event outside of a freak accident is going to stop me from mining for the foreseeable future.

Kazu

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Activity: 168

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Quote from: vokain on July 01, 2013, 05:41:48 PM

Quote from: Kazu on July 01, 2013, 05:40:51 PM

Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.

why panic when you can buy

Becuause if it breaks $57 It'll probably go down to like $20 or something.

IMO the support levels are:

$85ish (the low following the bounce off $57)
$57
$17 (won't actually hit it, likely stay like $20ish or something)

Currently I'm thinking a bounce off of $57 is most likely, probably never actually hitting $57 again, though we'll likely see $60. I've been wrong plenty before though so I could easily be wrong again.

MinermanNC

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Activity: 2198

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Quote from: Crypt_Current on July 01, 2013, 05:41:28 PM

Quote from: MinermanNC on July 01, 2013, 05:39:15 PM

Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high

But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up Shocked

but yes, right now asics are probably hurting the market, but it will level off.

If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network.
ftfy

Yes that is true, same supply, but it would be held by the elite few mining companys at that point with the most powerfull hashing,,,then they would set the market value,,,,lol

vokain

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Quote from: Kazu on July 01, 2013, 05:40:51 PM

Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.

why panic when you can buy

Crypt_Current

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Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: MinermanNC on July 01, 2013, 05:39:15 PM

Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high

But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up Shocked

but yes, right now asics are probably hurting the market, but it will level off.

If a lot of miners stopped mining, you'd still have the same supply, just a much less secure network.
ftfy

Kazu

full member

Activity: 168

Merit: 100

Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Well a lot of the money (BTC) being sent to the manufacturer's, is in turn going over seas for boards/chips and components etc. Some of which Im sure is being hoarded. But in the short term, the ROI for miners investing in Asics is great, but it wont last long, unless we are willing to re-invest over and over to keep up with difficulty, so its sometimes hard to see that return. I am not a speculator with BTC, I just sell what I mine as many others. But often I wonder if I wouldn't be better off buying BTC low and selling high

But without mining, BTC stops and perhaps that would in fact grow the value, no supply and all demand BTC goes up Shocked

but yes, right now asics are probably hurting the market, but it will level off.

ElectricMucus

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Quote from: vokain on July 01, 2013, 05:27:53 PM

Quote from: seleme on July 01, 2013, 05:24:51 PM

Quote from: nrd525 on July 01, 2013, 05:20:48 PM

ASIC miners are losing money (putting more money into hardware and taking it out of the economy). Most of them just haven't realized how much they will lose yet at which point we'll have a real bear market.

Also - Google search trends have BTC valued around $25-$30 now (eg. search volume is twice as high as what is was in the beginning of 2013, and down a ton from the peak of the bubble).

Most of ASICs were paid with BTC by people who want to mine more BTC than they paid for hardware.

Miners are not one who are or will bring the price down, it's ASIC manufacturers who are doing that.

astute observation

In a gold rush money is in the shovels - cash only.

vokain

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Quote from: seleme on July 01, 2013, 05:24:51 PM

Quote from: nrd525 on July 01, 2013, 05:20:48 PM

ASIC miners are losing money (putting more money into hardware and taking it out of the economy). Most of them just haven't realized how much they will lose yet at which point we'll have a real bear market.

Also - Google search trends have BTC valued around $25-$30 now (eg. search volume is twice as high as what is was in the beginning of 2013, and down a ton from the peak of the bubble).

Most of ASICs were paid with BTC by people who want to mine more BTC than they paid for hardware.

Miners are not one who are or will bring the price down, it's ASIC manufacturers who are doing that.

astute observation

Topic: It's crunch time Bulls. - page 2. (Read 3807 times)