Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21227. (Read 26711542 times)
July 20, 2015, 02:01:25 AM
July 20, 2015, 01:31:20 AM
Kinda pissed my $273 bid was missed by 50 cents. Maybe I'll get lucky and there will be some more idiot dumpers. Or I could move it up a little. Haven't decided.
July 20, 2015, 01:29:05 AM
you miss 120 if you dont pay electricity (just the internet and maintenance) btw its quite difficult to find free electricity these days 
There is no free electricity, of course; only electricity that someone else does not know he is paying for.
Why Professor, that sounds downright libertarian of you!
July 20, 2015, 01:01:27 AM
July 20, 2015, 12:45:28 AM
you miss 120 if you dont pay electricity (just the internet and maintenance) btw its quite difficult to find free electricity these days
There is no free electricity, of course; only electricity that someone else does not know he is paying for.
July 20, 2015, 12:41:36 AM
Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.
About 5000 coins I think.
https://bitcointalksearch.org/topic/m.11916788
Wow, and BTC-e is already back up at $270. Someone might have tried to start a crash (can that been done with 5000 coins?), but we're soldering through!
agreed
July 20, 2015, 12:07:38 AM
Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.
About 5000 coins I think.
https://bitcointalksearch.org/topic/m.11916788
Wow, and BTC-e is already back up at $270. Someone might have tried to start a crash (can that been done with 5000 coins?), but we're soldering through!
July 20, 2015, 12:01:26 AM
July 19, 2015, 11:01:33 PM
July 19, 2015, 10:53:14 PM
cryptos is in its own world.. gold and silver are flash crashing while bitcoin tumbleweeds.. and ripple isnt even in this solar system... it did not know that anything even happened in greece... ask anyone ripplers if anything happened in greece. they have no idea... didn't even phase them.
July 19, 2015, 10:01:29 PM
July 19, 2015, 09:53:26 PM
Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.
About 5000 coins I think.
https://bitcointalksearch.org/topic/m.11916788
July 19, 2015, 09:50:45 PM
... 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
yeah and I can produce bitcoins for free if I don't pay for internet and maintenance and electricity ...
July 19, 2015, 09:40:12 PM
Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.
July 19, 2015, 09:03:31 PM
... 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
July 19, 2015, 09:01:28 PM
July 19, 2015, 09:00:55 PM
... 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% profit I'm going to keep adding rigs, that's simple economics.
July 19, 2015, 08:57:23 PM
... 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.
July 19, 2015, 08:39:11 PM
... 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.
July 19, 2015, 08:24:00 PM
I find it interesting the falling sell pressure on the 12h. Clearly someone thinks we're bottoming out soon, and wants to go up. StochRSI has bottomed here as well.
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