i'm bored.
why hasn't the price gone up in the last 6 minutes?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17980. (Read 26691828 times)
January 04, 2017, 12:21:14 PM
January 04, 2017, 12:21:08 PM
feels like 2013 again.
January 04, 2017, 12:18:44 PM
I miss that feel when 1 btc = 1 oz. au.
January 04, 2017, 12:18:34 PM
Gold - $1168.
In yuan - 8115.
I think we've topped for now.
In yuan - 8115.
I think we've topped for now.
I don't think I've ever been refuted faster!!! 8257 on OKCoin, good god...
January 04, 2017, 12:18:17 PM
Its getting over 9000 
January 04, 2017, 12:17:54 PM
$4030 to ATH in dollars 
January 04, 2017, 12:17:41 PM
THIS IS THE FINAL CALL FOR BOARDING THE BTC ROCKET SHIP. ANYONE NO ON BOARD WILL BE LEFT BEHIND
January 04, 2017, 12:17:36 PM
Did it just jump 9 dollars when I was looking at another tab for about 45 seconds... ATH today. Earlier this week I was thinking it would take until January 31st.
edit: while I was typing this post it jumped up another $10 holy shit.
edit: while I was typing this post it jumped up another $10 holy shit.
January 04, 2017, 12:17:26 PM
Gold - $1168.
In yuan - 8115.
I think we've topped for now.
In yuan - 8115.
I think we've topped for now.
January 04, 2017, 12:15:16 PM
Huobi New ATH!
All that is left is USD ATH. After that...who knows? Correction to form Cup & Handle? Insane blast-off?
All that is left is USD ATH. After that...who knows? Correction to form Cup & Handle? Insane blast-off?
January 04, 2017, 12:15:05 PM
Here we go, 8100 Yuan
Love to follow the 1 min chart.
Love to follow the 1 min chart.
January 04, 2017, 12:14:52 PM
Well that escalated quickly...
January 04, 2017, 12:14:03 PM
CHINA BREAKS 8000...
January 04, 2017, 12:14:00 PM
Hmm, this isn't looking as bearish as I'd like... Maybe the Chinese will pull an extension?
You do realize that since this bull run started, buying bots on each exchange have been in control mostly buying on technicals?
The dumps you see are simply bots dumping into their own walls, taking profits from other margin longs and scooping up their cheap coins. Any direct human interaction is cursory and benign.
January 04, 2017, 12:13:36 PM
DID WE JUST HAVE A NEW ATH IN CHINA ?!?!?!
January 04, 2017, 12:13:28 PM
8000 cny/btc and soon its 9000 because all bots are programmed to buy at 8k because its the ath in china.
January 04, 2017, 12:12:24 PM
Hmm, this isn't looking as bearish as I'd like... Maybe the Chinese will pull an extension?
What about the BFX shorters' prisoner dilemma? There's 16k of them and only 6k in total asks.
Also 8012 yuan, new ATH in yuan.
January 04, 2017, 12:12:16 PM
8000 yuan
January 04, 2017, 12:11:05 PM
Just charge in dollars and accept payment in BTC with a window of a few hrs after the job is complete.
That way you can always charge the same for the job and no one will feel like they over or underpaid.
As long as dollars are less volatile than bitcoins, this method makes a lot more sense ( perhaps with a yearly repricing to account for inflation or other market dynamics). That way you can always charge the same for the job and no one will feel like they over or underpaid.
I have a problem with this price rise:
As many people know, I fix people's bitcoin miners for bitcoin payments. Thus I have to account for my time, skills, experience, and material costs (damn FPGAs are expensive when they blow up). I price my work in bitcoin because I want this currency to have a reason to exist other than as a speculation thingie.
Problem is the fluctuations: If I charge .3btc for a service and bitcoin drops from 600 to 300 I don't want to raise my bitcoin prices so I kept them constant. Likewise if it goes from 600-1200 I don't want to change my prices for the same basic reason (I'm doing work for a certain amount of bitcoin). But if it keeps going haywire, what do I do? What's fair? And at what point am I simply doing work for dollars instead of Bitcoin?
It's complex.
As many people know, I fix people's bitcoin miners for bitcoin payments. Thus I have to account for my time, skills, experience, and material costs (damn FPGAs are expensive when they blow up). I price my work in bitcoin because I want this currency to have a reason to exist other than as a speculation thingie.
Problem is the fluctuations: If I charge .3btc for a service and bitcoin drops from 600 to 300 I don't want to raise my bitcoin prices so I kept them constant. Likewise if it goes from 600-1200 I don't want to change my prices for the same basic reason (I'm doing work for a certain amount of bitcoin). But if it keeps going haywire, what do I do? What's fair? And at what point am I simply doing work for dollars instead of Bitcoin?
It's complex.
January 04, 2017, 12:09:26 PM
bfx over 1100 alrdy, and there are not much coins left on the sell side 
16K shorts still need to close!
i would love to meet with some of those shorters and have a beer or something. i mean, what drives them? what are the reasons to short btc in such a run? inexperience? gambling with money of other people?
I thought about this a bit. I was thinking that perhaps the tax implications might be better to short than to sell.
Say you have 100 bitcoins that you bought for $100 each. Say you think $1100 is the top and you want to sell your 100 bitcoins. You now owe capital gains on $100,000. You still want bitcoins in the long run but you think the price will surely go down.
If you short at $1100 and the price drops to $550, you've just doubled your bitcoins. You now have 200 bitcoins and no taxes to pay. Had you sold and bought again at $550 you'd have 200 bitcoins and a tax bill for about $20,000.
(Of course, I may be wrong about most of that. I didn't consider it too long, I do much better when I just hold through these things, trying to time the market is not easy)
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