Price/Market Movement Discussion ONLY - page 2.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: noobtrader on August 21, 2015, 10:03:31 PM

i think mining cost include the miner-roi would be more than 150 usd, 200-230 usd is more likely. so todays price 233 is just about right

your numbers seem reasonable. I was not accounting for the cost of hardware. I assume the hardware has paid itself off by now, which is not necessarily true.

//though you do not account for the monetary premium (or perhaps you deem the monetary value to be 0)

noobtrader

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Activity: 1456

Merit: 1000

Quote from: shmadz on August 21, 2015, 09:53:10 PM

I think we are in for a price discovery of the bottom in the next 6-12 months. Price will tend towards the mining cost (which I calculate at roughly 150 per coin at the moment) plus the monetary (or speculatory) premium for holding this asset.

p.s. I expect the price to be within the range from approximately 220 to 300 for the next months, perhaps a year or more, but at least until the end of summer.

p.p.s. ~~just remember it could always be worse. You could have been invested in the DOW! (ouch!)~~ sorry, bitcoin has taken far bigger tumbles, but it's not every day the DOW drops by 500+ points...

i think mining cost include the miner-roi would be more than 150 usd, 200-230 usd is more likely. so todays price 233 is just about right

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

^^^^^^^^^^^^^^^^^^^^^^^^^^^^
~~hmmm, looks much like a microcosm of my longer term "sideways all summer" movement~~
acutally... wasn't really even close; as depicted below:

I think we are in for a price discovery of the bottom in the next 6-12 months. Price will tend towards the mining cost (which I calculate at roughly 150 per coin at the moment) plus the monetary (or speculatory) premium for holding this asset.

p.s. I expect the price to be within the range from approximately 220 to 300 for the next months, perhaps a year or more, but at least until the end of summer.

p.p.s. ~~just remember it could always be worse. You could have been invested in the DOW! (ouch!)~~ sorry, bitcoin has taken far bigger tumbles, but it's not every day the DOW drops by 500+ points...

natewelt

sr. member

Activity: 252

Merit: 250

I'd like to see this thread stay alive. Wall observer thread is now garbage.

Here's a chart to try and get things going. We've been trading in an obvious range since the crash. I am bullish bc of the fact that we have been trading towards the top of the range so my chart leads to me believe we will go back to the breakdown point around 250 shortly.

mudiko

sr. member

Activity: 321

Merit: 250

Indicators are showing that bitcoin will fall before 2016. But it can get hyped with some new and make indicators wrong

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Reserved

Let's keep this thread orderly Tongue

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Thought I'd make this thread for those who want to discuss the market/price movements rather than XT news, random trolling or useless talk.

Current price movement (walls, market movement) discussion ONLY please

Self moderated for the reasons above.

Topic: Price/Market Movement Discussion ONLY - page 2. (Read 2580 times)