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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23873. (Read 26719098 times)

hero member
Activity: 714
Merit: 500
Look at a 30 year gold chart if you want to see what patience looks like
legendary
Activity: 1512
Merit: 1000
@theshmadz
A BIG bankruptcy in the mining world would be hugely bullish for BTC

I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool.  Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual.

The largest non-pool miners may have 10-15% of the total.  If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins.  The price may recover for a while.  But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day.

I have no idea why galdur seems to think that the difficulty would drive the price, when it is obvious that it is the other way around.

 Huh
legendary
Activity: 1512
Merit: 1000
@theshmadz

I cant be the only person calmly buying here. We were here four months ago. Time to do the money shuffle again.

You still have fiat left? Nice, I got cleaned out at 320 CAD and next deposit won't clear till sometime next week  Undecided

-- btw, any one complaining about a one hour confirmation being too long obviously never tried moving fiat from one bank to another during holidays/weekends  Angry

Careful man, seriously.

In total honesty if even the last possible 2012 support trend line breaks it's gonna be a bloodbath.

I would suggest you put stop losses in place just to be safe, but you probably think I'm trolling you, so, do what you think is best.

Stop losses? LOL!

I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait.

If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever Grin




legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Stamp rearing up to go. Gox too by the looks of it.

Last chance to buy 10,000 BTC without slippage below $300.



LOL - yeah right Wink ... its hilarious to go through some of these old posts again.

Funny- that chart looks exactly like the current chart. :-)
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
It just keeps falling. And I don't see any reason why it would stop. Why would anyone buy this other than covering shorts? It can't even compete with Western Union with these drops.
hero member
Activity: 910
Merit: 1003
A BIG bankruptcy in the mining world would be hugely bullish for BTC

I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool.  Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual.

The largest non-pool miners may have 10-15% of the total.  If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins.  The price may recover for a while.  But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day.
full member
Activity: 167
Merit: 100
Stamp rearing up to go. Gox too by the looks of it.

Last chance to buy 10,000 BTC without slippage below $300.



LOL - yeah right Wink ... its hilarious to go through some of these old posts again.
sr. member
Activity: 378
Merit: 254
...No bulls left, no restistance, no hope. See you at double digits.

But while there's moonlight and music and love and romance Smiley

I should have listend to NLC! He told me that it's going down forever. Is crypto done? Yes! FIAT ftw.

hero member
Activity: 521
Merit: 500
Inconclusive. This volume is really tepid.

Yeah, it's hard to tell. $300 was my psychological wall, but then again- it's just drip drip drip. Can't even really sell/buy into it at a one price with any volume .

300 was getting tested lots of times. It was only a question of when it was breached. It has happened now so hoping for a fast drop to 250-260.

250 would be the absolute floor and we should move up after touching it.
legendary
Activity: 1320
Merit: 1007
I should've listened to Dafar on January 2014. Fuck.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 1526
Merit: 1012
A BIG bankruptcy in the mining world would be hugely bullish for BTC




NSA is mining with quantic rigs
hero member
Activity: 658
Merit: 500
...No bulls left, no restistance, no hope. See you at double digits.

But while there's moonlight and music and love and romance Smiley

I should have listend to NLC! He told me that it's going down forever. Is crypto done? Yes! FIAT ftw.
sr. member
Activity: 475
Merit: 255
Cheap coins are close :-).
member
Activity: 112
Merit: 10
...No bulls left, no restistance, no hope. See you at double digits.

But while there's moonlight and music and love and romance Smiley
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Inconclusive. This volume is really tepid.

Yeah, it's hard to tell. $300 was my psychological wall, but then again- it's just drip drip drip. Can't even really sell/buy into it at a one price with any volume .
legendary
Activity: 1526
Merit: 1012
Well beared, players !
hero member
Activity: 1526
Merit: 597
I cant be the only person calmly buying here. We were here four months ago. Time to do the money shuffle again.
Careful man, seriously.

In total honesty if even the last possible 2012 support trend line breaks it's gonna be a bloodbath.

I would suggest you put stop losses in place just to be safe, but you probably think I'm trolling you, so, do what you think is best.

Such thing could never happen!   Grin

I'm currently reading wallobserver conversations from December 2013 to midst 2014. It's really funny. Also inca was blaming terra for mentioning a possible dump to around ~500.
hero member
Activity: 616
Merit: 500
A BIG bankruptcy in the mining world would be hugely bullish for BTC


hero member
Activity: 658
Merit: 500
Well played bears, well played I must admit. Destroyed all the high hopes for the beginning of the new year + 6th birthday of BTC with a huge strategic weekend dump on low volume (why change a running system?). No bulls left, no restistance, no hope. See you at double digits.
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