Lots of gloomy sentiment. Lots more to come perhaps. Never forget the long wait of 2012.
Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market.
It would allow for a great re-distribution. Also, the pressure on the miners would allow all sorts of other doomsday scenarios to be tested... what might happen when mining becomes unprofitable? When 51% attacks become feasible? Maybe even trivial?
If we could test these failure modes earlier rather than later we could prove or disprove the validity of the experiment. Either the whole thing would fail, or survive despite the worst case scenario.
Either way it would provide some kind of certainty...
I guess I'm just curious to learn the outcome of this grand experiment of decentralized money.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22011. (Read 26607973 times)
April 13, 2015, 11:34:07 PM
April 13, 2015, 11:31:55 PM
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat. people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..
So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.
atleast that is what happened last time! after greece and other shit
April 13, 2015, 11:31:39 PM
$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.
April 13, 2015, 11:29:30 PM
i think in mining perspective this is the lowest price possible at current difficulty.
Nope, around $200 before it hits the limit for antminer s3 around these parts. Significantly lower for S5 efficiency levels. Think $110-170 for the big industrial guys at current difficulty.
April 13, 2015, 11:24:33 PM
i think in mining perspective this is the lowest price possible at current difficulty.
April 13, 2015, 11:22:32 PM
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat. people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..
So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.
April 13, 2015, 11:06:54 PM
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat. people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..
April 13, 2015, 10:58:32 PM
April 13, 2015, 10:49:46 PM
Going down and down ...
I think it may go below 200 now. I had expected it to bounce up on Monday but the opposite happened.
I think it may go below 200 now. I had expected it to bounce up on Monday but the opposite happened.
April 13, 2015, 10:46:23 PM
sell your coins you fucking retards
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
If I had a list of members who bounced from thread to thread saying weird offensive shit... You'd be on it, you hate filled toad
Hey tokeweed you fucking degenerate faggot.
Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?
It's almost like the jews have won.
Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?
It's almost like the jews have won.
He thinks, he is Eric Cartman.
April 13, 2015, 10:43:06 PM
April 13, 2015, 10:40:45 PM
Wow,
this looks bad now, looks like it has still not hit the bottom as yet.
It did... in January.this looks bad now, looks like it has still not hit the bottom as yet.
Well, I certainly thought the same. The high volume dump in January was surely the final capitulation, ne's pas? But now I see a slow grinding down still going on, with no rebounds. Not high volume dumps, but enough grinding down to make me think we will retest 200. Until I see some real buy support come in, I'm not convinced that January was the final. If 200 doesn't hold, I'm not sure what the next support line would be. Who does?
And public sentiment is at an all time low. No one is talking about bitcoin, and no one seems to care. That is troubling.
April 13, 2015, 10:07:04 PM
Wow,
this looks bad now, looks like it has still not hit the bottom as yet.
It did... in January. this looks bad now, looks like it has still not hit the bottom as yet.
April 13, 2015, 10:00:54 PM
sell your coins you fucking retards
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
But what if those 4 digits spike too quick?
then we miss out on the fun of gaining those profits. It should be more of sell most of the coins now, since no one can predict where its headed, and keep some incase if something does happen.
April 13, 2015, 09:58:29 PM
April 13, 2015, 09:50:56 PM
I am always surprised to see it go down! What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???
Always surprised?
If that chart were turned upside down, I'd be selling right about now.
April 13, 2015, 09:47:02 PM
I am always surprised to see it go down! What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???
Always surprised?
How about when 10,000 own most of them, top 100 a huge chunk of that, and one owns 1m+? Joe retail public has to eat all their diversifications, plus a portion of 3600 mined coins per day. Impossible to say where bottom is, but in theory it should seek/lead mining cost +/- speculative sentiment.
Speculative bulls are probably pulled back and waiting on GBTC trading to try some kind of buying push. 2 weeks™. Not averse to sitting there for cheaper coins in the interim. Not that the pink sheet volume will really mean much for the market, but as a catalyst to stop-hunt/bounce.
April 13, 2015, 09:44:34 PM
I am always surprised to see it go down! What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???
I don't think in todays date there are 21million bitcoin users and there aren't even 21 million bitcoin(there will never be those many bitcoins), so a simple answer- 21million people will never be able to hold 1BTC each, the situation is statistically incorrect.Yeah that the point! 21 million people can ONLY WANT to hodl a whole bitcoin. It is after all the most secure and unchangeable ledger in the history!
April 13, 2015, 09:32:26 PM
sell your coins you fucking retards
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
If I had a list of members who bounced from thread to thread saying weird offensive shit... You'd be on it, you hate filled toad
Hey tokeweed you fucking degenerate faggot.
Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?
It's almost like the jews have won.
Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?
It's almost like the jews have won.
April 13, 2015, 09:29:54 PM
I am always surprised to see it go down! What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???
I don't think in todays date there are 21million bitcoin users and there aren't even 21 million bitcoin(there will never be those many bitcoins), so a simple answer- 21million people will never be able to hold 1BTC each, the situation is statistically incorrect. Jump to: