U know, chinese exchanges don't have dollar prices
https://www.okcoin.com/market.do
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23912. (Read 26712373 times)
December 26, 2014, 08:36:55 PM
December 26, 2014, 08:12:03 PM
I was wondering which exchanges people around here focus on when watching BTC charts. The Chinese exchanges seem to have the most volume (OK Coin, Huobi).
for some reason people, including the chart buddy, looks for the bitcoinwisdom price.
U know, chinese exchanges don't have dollar prices
December 26, 2014, 08:00:24 PM
December 26, 2014, 07:30:12 PM
I was wondering which exchanges people around here focus on when watching BTC charts. The Chinese exchanges seem to have the most volume (OK Coin, Huobi).
December 26, 2014, 07:00:24 PM
December 26, 2014, 06:53:46 PM
Just opened a short. Didn't go all in on it, though. I think we've hit an impasse. We'll see, though. Far from 100% certain.
Just set a close stop..
I did! And thank you!!! Yea, I don't see us busting upwards strongly, but at the same time... something has to give so it definitely could happen. Thanks.
December 26, 2014, 06:45:55 PM
Good. Fewer miners means fewer coins on the market which means higher prices.
As others observed, the miners get 25 BTC per block, irrespective of difficulty and hashrate. If hashrate drops suddenly, the block rate will fall in proportion at first, so there will be fewer blocks mined per day. However, every two weeks or so the difficulty is automaticallly adjusted so as to restore the ideal block rate of 1 every 10 minutes. At that point, the miners will start to receive ~3600 BTC per day, again.
However, even after the adjustment, each of those surviving miners will get a larger share of those rewards; whereas their recurring expenses (electricity, staff, etc.) will be the same. So, if the miners are also hoarders, they may hoard a larger proportion of those 3600 coins.
On the other hand, if the price keeps falling, the recurring expenses will increase when expressed in BTC. Then, even the hoarding miners will be forced to sell more of the mined BTC.
TL;DR: If some miners have to close, the amount of new coins sold daily on the open market may increase, decrease, or stay about the same.
December 26, 2014, 06:39:47 PM
Just opened a short. Didn't go all in on it, though. I think we've hit an impasse. We'll see, though. Far from 100% certain.
Just set a close stop..
December 26, 2014, 06:38:13 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN 
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
Shouldn't you be closing yours too? They are underwater, right?
If I was a trader I would open some right now. I wonder how I would do..
Just opened a short. Didn't go all in on it, though. I think we've hit an impasse. We'll see, though. Far from 100% certain.
December 26, 2014, 06:33:12 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
Shouldn't you be closing yours too? They are underwater, right?
If I was a trader I would open some right now. I wonder how I would do..
December 26, 2014, 06:30:33 PM
Quote
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t?
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t?
Methinks that they knew what they had to say to investors, with the straightest face possible, in order to convince them to invest...
December 26, 2014, 06:30:05 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
Shouldn't you be closing yours too? They are underwater, right?
December 26, 2014, 06:28:07 PM
I don't want to see any more of this.....
December 26, 2014, 06:21:38 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
People have been saying that for a while.
Not happening imo.
You can't predict the unpredictable...
December 26, 2014, 06:14:00 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
People have been saying that for a while.
Not happening imo.
December 26, 2014, 06:00:24 PM
December 26, 2014, 05:59:31 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
December 26, 2014, 05:59:04 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
Departs to which way?
December 26, 2014, 05:57:31 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
December 26, 2014, 05:55:29 PM
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
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