Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24149.

Newbie1022

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Quote from: hdbuck on December 04, 2014, 06:13:53 AM

Quote from: Newbie1022 on December 04, 2014, 06:09:09 AM

Quote from: tarmi on December 04, 2014, 06:06:53 AM

Quote from: Newbie1022 on December 04, 2014, 05:54:03 AM

So, I'd anticipate a spike when the price is announced.

there will be no announcements about the winning price, just speculations.

...

time to test that 360 wall I guess.

I even know that. Not really sure why I wrote that. I meant when the winner is announced.

There is not going to be any official annoûcement about the winner too..
Mates you wonder if the auction is real.. Roll Eyes

One of the winners, especially Draper, will announce if he won, though. Also, if there are multiple winners, we'll be able to track the movement to multiple wallets. So, it's not like we are flying totally blind on this... just sort of blind.

hdbuck

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Quote from: Newbie1022 on December 04, 2014, 06:09:09 AM

Quote from: tarmi on December 04, 2014, 06:06:53 AM

Quote from: Newbie1022 on December 04, 2014, 05:54:03 AM

So, I'd anticipate a spike when the price is announced.

there will be no announcements about the winning price, just speculations.

...

time to test that 360 wall I guess.

I even know that. Not really sure why I wrote that. I meant when the winner is announced.

There is not going to be any official annoûcement about the winner too..
Mates you wonder if the auction is real.. Roll Eyes

canary

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Quote from: DieJohnny on December 04, 2014, 02:00:21 AM

Are we marching towards a cliff or a rocketship?

I feel the price is like the steady beating of a drum 370 -375 - 370 - 375 - 370 - 375

Yeah that's right and that drum's sound is soooo boring. I hope the auction will change this trend, waiting with impatience for 5 th of December!

Newbie1022

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Quote from: tarmi on December 04, 2014, 06:06:53 AM

Quote from: Newbie1022 on December 04, 2014, 05:54:03 AM

So, I'd anticipate a spike when the price is announced.

there will be no announcements about the winning price, just speculations.

...

time to test that 360 wall I guess.

I even know that. Not really sure why I wrote that. I meant when the winner is announced.

tarmi

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Activity: 1232

Merit: 1011

Quote from: Newbie1022 on December 04, 2014, 05:54:03 AM

So, I'd anticipate a spike when the price is announced.

there will be no announcements about the winning price, just speculations.

...

time to test that 360 wall I guess.

BTCat

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Bitcoin is just waiting for the next upswing/rally. Takes so long Undecided

dreamspark

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Someone is playing with 300btc wall on finex, price has climbed to it twice now and he's moved it a dollar up.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Newbie1022

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Quote from: LFC_Bitcoin on December 04, 2014, 05:33:09 AM

Any guesses on which way we'll go based on the results of this auction?

I'm hoping Draper wins again, it's a bit of a worry somebody might be lowballing to get the coins under market price & then dump them all.

Well, Draper is bidding within a consortium this time, essentially, on the behalf of clients if I read correctly. So, he probably won't win. That said, I imagine the price will actually go up even more, initially, if he loses because of the power of delusion. The market will assume, if Draper was outbid, that the price was above market price (i.e. -- that somebody was even dopier than Draper).

So, I'd anticipate a spike when the price is announced.

This is, of course, assuming that whoever wins will win each block. If the successful bids are split between several blocks then people will similarly exaggerate that into an end of days scenario.

Should be interesting.

It should also be noted that nobody even knows what Draper bid the first time. He could have bid under the market price -- not wildly below, but somewhat below. We all just guessed. The power of guesswork. People want the news to be good so they'll interpret it through that lens, again.

Davyd05

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Quote from: shmadz on December 04, 2014, 05:26:29 AM

Quote from: Davyd05 on December 04, 2014, 04:34:37 AM

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

I bolded the part I'll reply to.

We will not see any large efficiency gains moving forward. Everything from here on out will be incremental at best.

From CPU to GPU was a big deal. From GPU/FPGA to ASIC was a big deal.

From 65nm to 28 to 20... it's just incremental gains.

is it really incremental in terms of gh per watt , joule w/e it is? I suppose it is so.

LFC_Bitcoin

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#1 VIP Crypto Casino

Any guesses on which way we'll go based on the results of this auction?

I'm hoping Draper wins again, it's a bit of a worry somebody might be lowballing to get the coins under market price & then dump them all.

shmadz

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@theshmadz

Quote from: Davyd05 on December 04, 2014, 04:34:37 AM

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

I bolded the part I'll reply to.

We will not see any large efficiency gains moving forward. Everything from here on out will be incremental at best.

From CPU to GPU was a big deal. From GPU/FPGA to ASIC was a big deal.

From 65nm to 28 to 20... it's just incremental gains.

Elwar

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Viva Ut Vivas

Quote from: Erdogan on December 04, 2014, 05:19:21 AM

It looks like the price is lured towards the walls, not scared away from them.

Tzupy

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China dumps gaining momentum... Grin

Erdogan

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It looks like the price is lured towards the walls, not scared away from them.

podyx

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Quote from: AmazonStuff on December 04, 2014, 04:09:27 AM

I don't care if BTC is going up or down, only thing I care about it that BTC continues to exist.

You obivously have no clue what bitcoin is...

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

hdbuck

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Quote from: Totscha on December 04, 2014, 04:53:12 AM

Quote from: hdbuck on December 04, 2014, 04:47:47 AM

Quote from: Davyd05 on December 04, 2014, 04:34:37 AM

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

~~i'd say~~ Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it Wink

hum ok. but i dont read coindesk. Tongue

Davyd05

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Quote from: Totscha on December 04, 2014, 04:53:12 AM

Quote from: hdbuck on December 04, 2014, 04:47:47 AM

Quote from: Davyd05 on December 04, 2014, 04:34:37 AM

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

~~i'd say~~ Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it Wink

welp its not like manufacturers of asics have nailed there self predicted launch dates lool

Totscha

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Quote from: hdbuck on December 04, 2014, 04:47:47 AM

Quote from: Davyd05 on December 04, 2014, 04:34:37 AM

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

~~i'd say~~ Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it Wink

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