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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28059. (Read 26712534 times)

hero member
Activity: 798
Merit: 1000
Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it...
legendary
Activity: 1554
Merit: 1000
Price is between 470-484 $ in last 24 hours. Trend should break up or down these hours.
legendary
Activity: 876
Merit: 1000
It's funny how no one is actually paying attention, that 600k of MtGox coins are still missing without any information.
That should be a lot scarier then the 200k coins that will have an public auction.

The current Huobi little spike was probably caused by an late migrant, who also caused some panic buying among those with itchy fingers.
legendary
Activity: 2212
Merit: 1199
Do these sudden buys at huobi mean something?

Yeah it means that people want coins! Cheesy

Perhaps they know that there will be no lower price Smiley
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

No it's not stop spreading FUD.



...
lol seriously.
hero member
Activity: 728
Merit: 500
Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
legendary
Activity: 2380
Merit: 1823
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hero member
Activity: 728
Merit: 500
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
what news?

The final Goxxing.


That's a negative news. I thought we were discussing the buying.
hero member
Activity: 798
Merit: 1000
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
what news?

Coins to be liquidated.

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
legendary
Activity: 1428
Merit: 1000
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

Its just a pump trying to save the 3000 barrier. Chinese whales love to market buy, trying to give impulse and momentum..
hero member
Activity: 624
Merit: 502
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
what news?

The final Goxxing.

hero member
Activity: 728
Merit: 500
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
what news?
hero member
Activity: 798
Merit: 1000
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
hero member
Activity: 728
Merit: 500


This, and the other chart with 3 waves going down, down, down.

The market rhymes, until it doesn't.

Would you rather bet that Bitcoin experiences at least one more wave up (like the 2 pictured above), so that you make 10x with little risk of losing all?

Or that it goes down at least one more time, so that you have to use 5x leverage to double your money with real risk of losing all?

IMO it is more probable and more profitable to bet on the first option only, and leave the second one aside. As you might remember, I played the downswings a lot but stopped in February 25, not willing to be crushed by the train.
All I'm doing in my post is noting how the ichimoku cloud coincide's with his statement about a decision point occuring in 30 days. I'm not even saying which one will occur.
member
Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿


where is the limit for miners - regarding costs for hardware, electricity,...
who knows data?
who can predict when there will be no profit for miners anymore? - $300?
 


If you own the most energy efficient equipment available now, the price could get to 100$ and you would still make more money than what you pay in electricity.

However, the difficulty would probably go way down from less efficient miners shutting their systems down, so perhaps it would still be profitable until 50$. Of course, that also means that your miner will take about 10 years to pay for itself, especially if it is hosted in an expensive data center.

You may try different numbers there: http://www.vnbitcoin.org/bitcoincalculator.php

so, if you add rent, labour costs (cleaning, coffee,...), taxes, ... - i think the limit could be about $200 until it hurts some "whale" - still some drop to go until we will reach the bottom / trend will probably turn around



legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
Do these sudden buys at huobi mean something?
donator
Activity: 1722
Merit: 1036


This, and the other chart with 3 waves going down, down, down.

The market rhymes, until it doesn't.

Would you rather bet that Bitcoin experiences at least one more wave up (like the 2 pictured above), so that you make 10x with little risk of losing all?

Or that it goes down at least one more time, so that you have to use 5x leverage to double your money with real risk of losing all?

IMO it is more probable and more profitable to bet on the first option only, and leave the second one aside. As you might remember, I played the downswings a lot but stopped in February 25, not willing to be crushed by the train.
hero member
Activity: 798
Merit: 1000
Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.

Simple solution:

Sell above market rate. Like right now for $600.

So, then whats in it for the buyer? A killer deal! No slippage. Try buying 200k coins right now without going over $600 per coin. Impossible!



Thats the solution in principle but can you see that happening?

The person running the bankruptcy process has a lot more to do than just liquidate the coins, all they care about is whats easiest I doubt they are about to start trying to sell above market rate, they dont care how much they go for in the end they just need to follow the process.
sr. member
Activity: 406
Merit: 250
man the price is going to be suppressed for months, fk'n Gox.
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