Is it an appropriate time for the Pepper your Angus meme?
Oh my god, what is that man doing to his angus?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21995. (Read 26608252 times)
April 15, 2015, 10:41:19 AM
Oh my god, what is that man doing to his angus?
April 15, 2015, 10:35:17 AM
Is it an appropriate time for the Pepper your Angus meme?
April 15, 2015, 10:32:56 AM
Hold on to your butts
April 15, 2015, 10:14:56 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).That goes for you to. And we haven't seen the kind of stability you're talking about since they started with cloud hashing and I honestly don't think the margins will allow it if/when we get there.
I never said it was stable and that is why mining is not that profitable and cloud companies are going bankrupt one by one. In a stable market mining would be the most profitable solution, beating both holding and trading.
I usually start with 2 btc @x20 leverage and work my way up, once I have 6-8 I cash out the extra and start again with 2. Given the current market conditions I haven't cashed out yet since the potential to profit is very high. This bear wave is strong and I don't see it ending anytime soon.
I agree, we'll probably end up testing January prices again, but another pump is right around the corner.
April 15, 2015, 10:06:33 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
Am I doing something wrong or is my capital just too small?
.5 is to small unless you use leverage but with that it's to dangerous
You can of course profit on these small moves, most traders do, but the more coins you have the better.
I usually start with 2 btc @x20 leverage and work my way up, once I have 6-8 I cash out the extra and start again with 2. Given the current market conditions I haven't cashed out yet since the potential to profit is very high. This bear wave is strong and I don't see it ending anytime soon.
April 15, 2015, 10:00:24 AM
yup my cloudhashing miner will be shutdown as well.
i owe them 30$
its a sad day for cloud mining
Quote
Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
i owe them 30$
its a sad day for cloud mining
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
This argument always bothers me though I can see why people may think this way.
If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC.
If prices are declining - why buy coins or cloud hashing?
I'm not assuming that you pay with BTC.
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).That goes for you to. And we haven't seen the kind of stability you're talking about since they started with cloud hashing and I honestly don't think the margins will allow it if/when we get there.
April 15, 2015, 09:58:34 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
Am I doing something wrong or is my capital just too small?
.5 is to small unless you use leverage but with that it's to dangerous
You can of course profit on these small moves, most traders do, but the more coins you have the better.
April 15, 2015, 09:58:23 AM
April 15, 2015, 09:58:20 AM
yup my cloudhashing miner will be shutdown as well.
i owe them 30$
its a sad day for cloud mining
Quote
Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
i owe them 30$
its a sad day for cloud mining
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
I was thinking they could provide me with the best possible $/GH that i could ever achieve on my own. which was probably the case, but i still lost a fuck load of potential profits paying for the contacts in BTC. I got my bitcoins hashed to bit by the cloud.
I'm not saying it's impossible right now, but eventually, when the market stabilizes, even at a higher level, the margins will get squeezed such that there is now room for an extra link in the chain. Though I wouldn't recommend it now either.
If you live in Canada I am sure there is some poorly utilized industrial estate that is struggling with heating bills. Talk with the owner about letting you install some machines there and just pay for electricity usage and it shouldn't be impossible to mine a bit on the side.
April 15, 2015, 09:54:22 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
Am I doing something wrong or is my capital just too small?
.5 is to small unless you use leverage but with that it's to dangerous
making 10$ trading 0.5BTC isn't half bad, whats that like 5% in 2 weeks? not bad, pretty good.
April 15, 2015, 09:43:26 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
Am I doing something wrong or is my capital just too small?
.5 is to small unless you use leverage but with that it's to dangerous
April 15, 2015, 09:37:41 AM
Why are the top two orders colored green? It wasn't like that before, right?
http://www.otcmarkets.com/stock/GBTC/quote
http://www.otcmarkets.com/stock/GBTC/quote
Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently.
There is a key at the bottom (MMID= Marketmakers I.D)
Level 2 Quote Montage:
MMID - OTC Link Inside Quote (market maker quotation published in OTC link that meets the inside market )
MMID - OTC Link Quote (market maker quotation published in OTC Link)
cMMID - Closed Quote
U - Unpriced Quote (unpriced quote in OTC Link )
MMIDu - Unsolicited Quote (unsolicited market maker quotation published in OTC link)
=
There is no central "exchange" for securities that trade in the OTCQX, OTCQB and OTC Pink marketplaces; therefore, broker-dealers must communicate and trade directly with other broker-dealers. In order to notify other broker-dealers that they are willing to trade a security at a particular price, broker-dealers post their "quotes" on an Inter-dealer Quotation system, such as OTC Link ATS. The aggregation and ranking of these quotes defines the ‘market’ for a security. The highest "bid" (purchase price) and lowest ‘ask or offer’ (sale price) becomes the "inside market" or NBBO the National Best bid and offer.
An "inside" market is defined by OTC Markets Group as two priced quotation on the respective side of the market (either bid or ask). If the security does not satisfy this requirement then "No Inside" will be displayed on www.otcmarkets.com
April 15, 2015, 09:36:25 AM
new poll
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
I know it's included in >220 but I'm surprised 32,000 wasn't an option.
you guys are kinda schizophrenic
April 15, 2015, 09:35:32 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
Am I doing something wrong or is my capital just too small?
April 15, 2015, 09:33:40 AM
Dam I just noticed that dump during the night on bearstamp
April 15, 2015, 09:31:58 AM
yup my cloudhashing miner will be shutdown as well.
i owe them 30$
its a sad day for cloud mining
Quote
Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
i owe them 30$
its a sad day for cloud mining
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
This argument always bothers me though I can see why people may think this way.
If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC.
If prices are declining - why buy coins or cloud hashing?
if price is on the rise difficulty is sure to follow if not lead, so its nearly impossible that your 50BTC investment will end up bringing back 60BTC
I hardly got a ROI in dollar terms... ( calculating the $ value of the bitcoins used to pay the contracts ( @90$/BTC ), and the dollar value of the coins today) actually i think i'm not even in the green if i sold my minted coins today, i got fucked royally!
April 15, 2015, 09:23:41 AM
Why are the top two orders colored green? It wasn't like that before, right?
http://www.otcmarkets.com/stock/GBTC/quote
http://www.otcmarkets.com/stock/GBTC/quote
Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently.
https://twitter.com/GrayscaleInvest/status/587703957524500481
green means GO
April 15, 2015, 09:23:25 AM
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell).
April 15, 2015, 09:22:19 AM
yup my cloudhashing miner will be shutdown as well.
i owe them 30$
its a sad day for cloud mining
Quote
Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
i owe them 30$
its a sad day for cloud mining
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
This argument always bothers me though I can see why people may think this way.
If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC.
If prices are declining - why buy coins or cloud hashing?
April 15, 2015, 09:16:09 AM
new poll
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
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