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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22010. (Read 26607942 times)

hero member
Activity: 748
Merit: 500
who is with me holding and buying?  Grin



EDIT: FUCK YOU BEARS  Cheesy
hero member
Activity: 748
Merit: 500

I dont think well go to below  $ 170 , even if it can go , it cant stay there for a week and will back to $ 200.

Plenty of people said a few months ago that 'even if we go below $275, we'll be back to 300 in no time."


Wake up.

also plenty of people predicted exactly this scenario...so... Roll Eyes
newbie
Activity: 30
Merit: 0

I dont think well go to below  $ 170 , even if it can go , it cant stay there for a week and will back to $ 200.

Plenty of people said a few months ago that 'even if we go below $275, we'll be back to 300 in no time."


Wake up.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1274
Merit: 1000
The Golden Rule Rules
Will it break 209 resistance by morning?  Very possible.
POM
sr. member
Activity: 547
Merit: 254
sr. member
Activity: 420
Merit: 250
very last bit support at 210 and our last hope Huh

if its broken may we goto 168 ?

I dont think well go to below  $ 170 , even if it can go, it cant stay there for a week and will back to $ 200.
We have to have more faith in bitcoin right now. This is important for the coin.
full member
Activity: 160
Merit: 100
Whales will start buying rather soon, bears will remain hodling a bag.  Wink
legendary
Activity: 1456
Merit: 1000
very last bit support at 210 and our last hope Huh

if its broken may we goto 168 ?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 560
Merit: 500
Probably double bottom. Next could be pennant or triangle. We should see rebound to 233-250$ then new leg down.
sr. member
Activity: 280
Merit: 250
220 falling

Edit: someone on finex doesn't want to let go yet
Back to 222$.  Grin
Do we hope to see it rising back to 250+ again within two weeks?
legendary
Activity: 961
Merit: 1000
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.

Not a flight to stability because bitcoin is not stable  Grin. But if we see a large sovereign default or similar crisis the public may find it difficult to even be able to offload anything in a hurry. There should though, be a flight to considered safety, ie without counterparty risk. Derivative products, toxic MBS's, debt loads are globally connected through financial institutions. Think of Toxic MBS's in '08. Housing was the crack in the excessive risk taking / debt in the system. One asset that saw a rise was Gold, as tradition would dictate. Perhaps this time the crack will be something like Oil Junk Bonds - Oil company sells bonds to raise cash, hedging exposure @$80pb. Now if the price drops below $80pb the company is insured but who picks up the loss? Sure, the original bank who took on the risk but they've also sold part of it on down the line. It may be a Swedish pension fund, a Chinese investment company, an Italian managed fund etc, a Saudi SWF.


But it's possible that in this scenario people go only to cash, or collectibles or gold and shun bitcoin. Who knows? But Bitcoin is certainly out there, not wildly popular but on the conscious fringe of society; a global immutable, trustless, decentralised ledger "secured" by a digital token. Fair play if you want to talk down its chances, but it is at least worth having a small stake; the risk / reward ratio is high.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 392
Merit: 250
$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.

 Smiley

There's been a slight blurring of things over the last year. Often(always) the hardware manufacturers themselves run big mines. They can pay for the facility rent/construction with hardware sales to retail. My projection would be much lower if I wasn't factoring that in.

I've got some coins I'm willing to ride till the end, or the beginning. But people should be careful walking that line of what they can afford to loose™.
legendary
Activity: 1512
Merit: 1000
@theshmadz
Lots of gloomy sentiment. Lots more to come perhaps. Never forget the long wait of 2012.

Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market.

It would allow for a great re-distribution. Also, the pressure on the miners would allow all sorts of other doomsday scenarios to be tested... what might happen when mining becomes unprofitable? When 51% attacks become feasible? Maybe even trivial?

If we could test these failure modes earlier rather than later we could prove or disprove the validity of the experiment. Either the whole thing would fail, or survive despite the worst case scenario.

Either way it would provide some kind of certainty...


I guess I'm just curious to learn the outcome of this grand experiment of decentralized money.
legendary
Activity: 868
Merit: 1000
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.

atleast that is what happened last time! after greece and other shit
legendary
Activity: 1456
Merit: 1000
$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.

 Smiley
sr. member
Activity: 392
Merit: 250
i think in mining perspective this is the lowest price possible at current difficulty.

 Undecided

Nope, around $200 before it hits the limit for antminer s3 around these parts. Significantly lower for S5 efficiency levels. Think $110-170 for the big industrial guys at current difficulty.
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