Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24794. (Read 26713204 times)
October 31, 2014, 07:00:31 AM
October 31, 2014, 06:44:28 AM
Keep pushing it down bears... Easy money 
Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy
Wondering how much amo this bear group on finex still has
So clueless. Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy
Wondering how much amo this bear group on finex still has October 31, 2014, 06:39:41 AM
October 31, 2014, 06:36:16 AM
one universe
one cryptocoin
one internet
one cryptocoin
one internet
and one big mamma
October 31, 2014, 06:33:09 AM
thank god, after 16h bitcoin price development is back to normal 
October 31, 2014, 06:33:05 AM
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
Except mining 50 bitcoins with that device would take 170 weeks (or about 3 years) at the current difficulty...and we all know the difficulty won't go up for the next 3 years right?
Idiotic....the mining cost of a single bitcoin is far beyond the btc/usd exchange price right now.
I agree, hashrate increases have slowed significantly and may even stop shortly which is a huge tell that we are very near cost of production, if not already below. The last time this happened marked the long term bottom.
Forward sales of mined coins may have even artificially depressed prices 'ahead' of schedule by bringing inflationary effects forward in time. At a price point lower than the forward sale though the hedged miners switch from natural shorts to floor-setting determined buyers, as they can make guaranteed profits buying at market and selling at their hedged price.
Tell me, nasterxy, why are you not running a giant mining farm and making huge profits?
October 31, 2014, 06:00:30 AM
October 31, 2014, 05:58:34 AM
October 31, 2014, 05:58:00 AM
...
At the moment I'm wondering why we don't just go down
At the moment I'm wondering why we don't just go down
We are going down. $338 on Stamp.
October 31, 2014, 05:56:55 AM
400 dollars by morning?
Obviously it will be nothing but dumps the coming 12 hours till we're back at 330.
We're getting there. Well done traders, as always.
Now you can continue with the daily posts wondering why we just won't go up.
At the moment I'm wondering why we don't just go down
And why would that be?
October 31, 2014, 05:54:52 AM
400 dollars by morning?
Obviously it will be nothing but dumps the coming 12 hours till we're back at 330.
We're getting there. Well done traders, as always.
Now you can continue with the daily posts wondering why we just won't go up.
At the moment I'm wondering why we don't just go down
October 31, 2014, 05:41:54 AM
400 dollars by morning?
Obviously it will be nothing but dumps the coming 12 hours till we're back at 330.
We're getting there. Well done traders, as always.
Now you can continue with the daily posts wondering why we just won't go up.
October 31, 2014, 05:41:39 AM
October 31, 2014, 05:25:46 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
Except mining 50 bitcoins with that device would take 170 weeks (or about 3 years) at the current difficulty...and we all know the difficulty won't go up for the next 3 years right?
Idiotic....the mining cost of a single bitcoin is far beyond the btc/usd exchange price right now.
I agree, hashrate increases have slowed significantly and may even stop shortly which is a huge tell that we are very near cost of production, if not already below. The last time this happened marked the long term bottom.
Forward sales of mined coins may have even artificially depressed prices 'ahead' of schedule by bringing inflationary effects forward in time. At a price point lower than the forward sale though the hedged miners switch from natural shorts to floor-setting determined buyers, as they can make guaranteed profits buying at market and selling at their hedged price.
October 31, 2014, 05:15:48 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
Except mining 50 bitcoins with that device would take 170 weeks (or about 3 years) at the current difficulty...and we all know the difficulty won't go up for the next 3 years right?
Idiotic....the mining cost of a single bitcoin is far beyond the btc/usd exchange price right now.
October 31, 2014, 05:14:08 AM
Good bids @Bitfinex = ppl want to close shorts ASAP ?
Total sum of active swaps 11,784.20 BTC
ehh, that´s not so good, it means that all buys(or a lot of them) in fact were actually shorts that have been closed...
We had about 18000+ before
So, some impatient traders closed their shorts on Bitfinex via rapid market buys rather than slow fishing?
I am really mad at them because they triggered my stop order just a few minutes before I could move the stop price lower as I planned. And now I need to figure out my next move instead of simply waiting for a dump party or to get "stopped" by a real rally. I think it could have been better for all of us if this didn't happen the way it did.
Aaaw you poor trader losing money. I feel so bad for you guys. It just isn't fair is it?
My loss was imaginary. My short was opened earlier. I just planned to close it even lower... So no...
I think it was bad because this kind of price pump won't have a lasting effect. So, people get over-exited about a trend reversal again but get a dump in their face.
1: The one whole closed the big shorts could have earned more
2: I could have earned more
3: overall for BTC: this was a fake pump but that short won't be there as a buffer during the next real dump
But I say that because I don't think it was an intentional price manipulation. However, it can be the case.
So this is what it feels like to be short squeezed. Sorry. But: HA!
October 31, 2014, 05:00:30 AM
October 31, 2014, 04:34:20 AM
I think China finally figured out what really have happened on Bitfinex and now everybody started to correct the effects of mistakes.
October 31, 2014, 04:27:52 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
October 31, 2014, 04:18:38 AM
There were altnets, some of them obvious scams (Minitel), others were usefull for experimenting. They have pretty much all disapeared. Does this apply to cryptocurrencies. Maybe.
Quote from: Erdogan
Don't forget history. The Internet is the name of the current cluster of interconnected local nets based on the internet protocol. Before the Internet, there were a dozen networks, not called internets, but which had the same potential and aspiration of being global. Also, Gates wanted to make a distinct internet built on the internet protocol, but that didn't work out. The current Internet grew organically among competing nets to be omnipotent. It will stay like that for the immediate future.
Internet is the main network. All others are the local nets.
Bitcoin is the mainchain. All others are sidechain.
Very possible.
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