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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21225. (Read 26711510 times)

hero member
Activity: 513
Merit: 511
I'm sticking to my flawless bitcoin strategy. 1) Buy bitcoin 2) wait 600 days 3)?? 4)Profit!
Works every time. Or would have worked every time since August 2011. I'm just trying it now, (well, since Feb. this year) so we'll see.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1092
Merit: 1000
Two hours of btc-e offline and no one calling Gox 2.0?

Where are the trolls?


yup they are down big time. people were talking about how they suddenly had a bunch extra coins and stuff. weird. one guy accidentally missed out on a 70 million dollar trade he says. lets hope this strangeness goes mostly unnoticed while btc-e comes back up. otherwise we might be in for some rough waves.. ripple will be un-phased.. nothing affects those guys.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 952
Merit: 281
legendary
Activity: 1232
Merit: 1005
Two hours of btc-e offline and no one calling Gox 2.0?

Where are the trolls?
legendary
Activity: 1456
Merit: 1000
... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.

as i posted few month ago, i predict that the cost of production atm is about 120-250 usd  (120 if you dont pay electricity), now the difficulty is about maybe 5% higher. at next halfing then cost of production is 150-500.  and that would be the price range next year.

If bitcoins are selling for $275 and someone is able to generate them for $120 (by your calculations which must include all costs) how can you explain that the difficulty is not increasing then? It doesn't make sense ... if I can generate bitcoins for ~100% I'm going to keep adding rigs, that's simple economics.

you miss 120 if you dont pay electricity (just the internet and maintenance) btw its quite difficult to find free electricity these days  Grin

yeah and I can produce bitcoins for free if I don't pay for internet and maintenance and electricity ...  Roll Eyes

you need miner, and miner need money to ROI... and there is no way you can run with no maintenance
full member
Activity: 280
Merit: 100
Been having fun gentlemen? 

Smiley



Sat on the beach on  a nice Greek island. Waiting for moon!

should be a pleasant stay!
newbie
Activity: 28
Merit: 0
Been having fun gentlemen?  

Smiley



Sat on the beach on  a nice Greek island. Waiting for moon!

lol a hyper-bull living on the "Greek Island" ... You might as well be the Soviet Space Administration! waiting for that ride ...

Side note to Inca: Also you didn't answer to my response to you after you tried to slanderously use the word "stupid and dimwitted"
legendary
Activity: 2996
Merit: 1136
Leading Crypto Sports Betting & Casino Platform
Been having fun gentlemen? 

Smiley

The usual the market is always interesting one way or another.
legendary
Activity: 1176
Merit: 1000
Been having fun gentlemen? 

Smiley



Sat on the beach on  a nice Greek island. Waiting for moon!
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 1078
Merit: 1441
Been having fun gentlemen? 

Smiley

hero member
Activity: 722
Merit: 500
Are we heading to the moon again?


Even btc-e is above 270

The btc-e prices haven't changed in two hours. Website is down.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1232
Merit: 1005
Are we heading to the moon again?


Even btc-e is above 270
full member
Activity: 141
Merit: 100
Correction over, lets go up Cool
hero member
Activity: 722
Merit: 500
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