Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20038. (Read 26644460 times)
December 02, 2015, 05:06:07 AM
Have you ever wondered what makes idiots pay several dollars for a cup of coffee? Well, apart from them being idiots of course. It´s really strange, what with the extreme oversupply of coffee, the price of coffee is at a 30-year low. This chart only goes back 20 years though.
December 02, 2015, 05:01:00 AM
December 02, 2015, 04:51:22 AM
The global economic news is currently so bad, I'm expecting to look out the window and see empty grocery store shelves and shootings in the street any second. I estimate each round of gunfire will be worth a 1% BTC increase.
To tell you the truth if it was not for the 1100 usd per btc bubble in 2013..when the Chinese folk went nuts and tried to move around 75 years of China under communism wealth out of the country ASAP....and or course mt.gox and some other scandals ...we'd be sitting pretty good now
oct 18th 2013 started my KNC Jupiter 550gh miner. I think it was 1 BTC a day (for a bit anyway) and that date $150 usd per BTC.
2014 say the ave was 250 usd per btc or so (ouch year)
2015 it is now end of the year and it is 350 usd per btc
hell if not for the china bubble and the scandals we'd be kicking ass now imho around 1000 usd per btc..but drama occurs on all 'births' or so I've been told
December 02, 2015, 04:47:57 AM
People need to dump some coins now as I'm waiting for a long time to buy BTC @$220.
At least we need to dump some coins temporarily for buying and hoarding them again
At least we need to dump some coins temporarily for buying and hoarding them again
December 02, 2015, 04:47:31 AM
The global economic news is currently so bad, I'm expecting to look out the window and see empty grocery store shelves and shootings in the street any second. I estimate each round of gunfire will be worth a 1% BTC increase.
Empty grocery store shelves are extremely unlikely at this point of time. It´s totally a buyer´s market, most commodities are at multi-year lows - if anybody´s desperate it´s sellers. So, barring all out war or other catastrophes on that scale I think we can rest pretty easy in the supply department.
December 02, 2015, 04:45:10 AM
Prepare your ass for sub $200 coins!
🙈🙈🙈🙈🙈
🙈🙈🙈🙈🙈
more of this and i could see a buy signal oO
December 02, 2015, 04:35:36 AM
The global economic news is currently so bad, I'm expecting to look out the window and see empty grocery store shelves and shootings in the street any second. I estimate each round of gunfire will be worth a 1% BTC increase.
December 02, 2015, 04:28:07 AM
Prepare your ass for sub $200 coins!
ymmm, sounds promising, but we need some FUD newsXT Discussion back.
December 02, 2015, 04:17:02 AM
Prepare your ass for sub $200 coins!
ymmm, sounds promising, but we need some FUD news December 02, 2015, 04:00:57 AM
December 02, 2015, 03:48:14 AM
the universe was hidden in the fractional parts of the cube roots of the first 64 primes.
So you're saying it's time to back the truck up and start shoveling coins in?
December 02, 2015, 03:47:44 AM
Prepare your ass for sub $200 coins!
🙈🙈🙈🙈🙈
🙈🙈🙈🙈🙈
December 02, 2015, 03:06:12 AM
Estimated Next Difficulty: 80,503,915,832 (+10.70%)
Adjust time: After 743 Blocks, About 4.7 days
At this rate; looks like it´s going to be Exahash in a few months...
mega- giga - peta - exa
Is that when bitcoin wakes up and becomes sentient? It was all a scam to seed the world's first distributed AI. If only we had realized that all along the backdoor to the universe was hidden in the fractional parts of the cube roots of the first 64 primes.Adjust time: After 743 Blocks, About 4.7 days
At this rate; looks like it´s going to be Exahash in a few months...
mega- giga - peta - exa
(Those are constants used to initialize SHA-256 for use in its compression function -- nothing up my sleeve numbers.)
December 02, 2015, 03:01:02 AM
December 02, 2015, 03:00:04 AM
RE: localbtc anybody can link me to the website with all the pretty charts of volume by country?
http://coin.dance/charts
December 02, 2015, 02:01:17 AM
December 02, 2015, 01:20:10 AM
Estimated Next Difficulty: 80,503,915,832 (+10.70%)
Adjust time: After 743 Blocks, About 4.7 days
At this rate; looks like it´s going to be Exahash in a few months...
mega- giga - peta - exa
Adjust time: After 743 Blocks, About 4.7 days
At this rate; looks like it´s going to be Exahash in a few months...
mega- giga - peta - exa
December 02, 2015, 01:01:16 AM
December 02, 2015, 12:47:08 AM
GBTC continues to rise. $470 coin value. Is this the true value without exchange manipulation?
quite possibly, and localbitcoins which represents "on the street" demand and supply.
These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII
largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)
take a dig into the localBTC trade numbers and you'll find a HUGE upside bias in the spread though
right local seller act as the intermediary and tag on a premium for there services, and some sellers premium is higher then others, no one is going to offer bitcoins at a discount. the price appears to swing wildly because a seller in a small town has less competition allowing him to have a higher premium. also mirco trades ( someone want to buy 10$ of bitcoin ) will have an unbelievable 3-8x price premium , that 10$ trade paints a nasty candle-wick
that reasoning doesn't stack up since a neutral market should have neutral bias on the spread ... why aren't lbtc traders severely underpaying when they buy bitcoins to 'tag on a premium'? ... spread goes both sides of the trade.
it's because the real market is willing to 'overpay' (relative to broken exchange pricing) more than it is willing to undersell ... hence upside bias in the spread (i.e. exchanges are holding the price down) thus good money to be made buying on exchange selling on the street, and that's what I've heard also.
The reason the exchanges can do this are all the bottlenecks that prevent fiat cash flowing freely onto the exchanges (KYC/AML govt capital controls). The exchanges have just become govt. tools of control over bitcoin, price and privacy.
December 02, 2015, 12:34:38 AM
I agree the fractional reserve with these exchanges is getting wild. Although this is true, they still have a huge swing in the price. Compare it to an athlete on steroids. They are still using their muscles and can lift much more than a non juicer, yet they are inflating their muscles artificially. Even though you may not count them as the leader in volume, trades, or pricing, they are. Stamp was begging for a bounce back @ 360 earlier. Huobi, OKCoin, and Bitfinex all brought it down more. If you want to sell me all of your BTC for much less than they have it inflated to, by all means, do it.
P.S Get your long boarding shorts on chartbuddy, we're headed down a slippery slope!
P.S Get your long boarding shorts on chartbuddy, we're headed down a slippery slope!
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