Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24842. (Read 26712671 times)

Thank god.

Cheerio.

All the best.

So we won't see you when price is above $300 any more? Sounds good to me.

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

You mean it might crash below 275$ soon?


Guess-1: Somebody might want to buy what shorter dump.
Guess-2: May be it's easier to spot and thus most of the people share the basic idea that "it must go somewhere soon" but they don't agree about the direction because that's harder to predict

 

anyway its a great day with many good news... bitcoin is all over the news. they even making games out of it http://toucharcade.com/2014/10/28/bitcoin-billionaire-from-noodlecake-is-the-hottest-way-to-mine-fake-bitcoins-since-hodappy-bird/

i predict rally is imminent... soon  i will sing U2 elevation

Anyone have a thought as to why longs/shorts on BFX seem to be tied together?

Every time new shorts are opened, longs increase by the same $ amount, or damn close to it. Shorts closing doesnt seem to have the same effect. 

guys, it doesnt matter how much it costs to produce 1 bitcoin.

if it costs too much, then it is maybe time for the difficulty to adjust itself downwards.

Mr Piggles
Your calculation is very close to mine for the difficulty figure at present time this month.
I ran the calculation forward over 12 months to include increased difficulty and came up with average £307 but only for rig cost and electricity.
I suspect the latest rig would be unprofitable to run after 12 months or so maybe even before that.
In real world calculations you would need to take into consideration down time for maintenance, power outages etc.
Labor say 50 hours per year at your own labor cost
You would want to insure your equipment against loss/theft fire.
Opportunity cost of that equipment if only costed at 5%-10% when put into another project.
In many countries there would be a cost related to cooling the equipment although this may be balanced out if your rig heats your home in a country with cold winter months.
plus transaction costs of converting bitcoin to fiat in order to pay your energy supplier.
there are bound to be loads of other costs on top of these
I think youd be lucky to realistically break at $350 per coin in most countries unless you had stolen or heavily discounted industrial energy supply.

If you want to "debate" with JayJuanGee, best get used to a whole lot of words being put in your mouth.

pls stop putting word into my mouth, its obvious that im saying that todays price is fair atm.

if you can buy bitcoin at 150, thats cheap because you only pay the electricity....

Explanation

The road to mental health is just around the corner!!

Most likely, but options are good. I know people who used to download movies but since netflix came along have just gone that way due to ease of use and low costs.

I looked at mining and I figured out it'd cost me, with whatever hardware I looked, and my current electric price $270 ish per bitcoin


Can't rmemeber my exact calculations, it wasn't too long ago either

Daaaaeemn!!!!
If trolling would ever be illegal, 99.9% of this thread's posters will definitely be imprisoned... (myself included) 

Actually, there could be lizard in your hotdog, and you would NOT even know it.    


 


 FFFFFFF@@@@#$###$#$$#$#@@@#$CK

Yeah, Noobtrader, you would NOT want to substantively account for some of the factual information in the above post because those factual representations may get in the way of your baloney fantasy vision about the supposed cost per BTC in the $150 territory.

the gr8est buying opportunity of our time is just around the corner!!

COME TO PAPA!

Findftp:   

Regarding your bitcoin bubble prediction that you seem to tweak a little from time to time but in essence you had predicted the beginning of the next BTC price bubble to begin between 9/25 and 10/25 and to peak between 11/6 and 11/20.. that is this year    .

 I realize you are attempting to stick to your BTC price bubble prediction, but your prediction is seeming a bit ridiculous and likely needs to be revised... to get more in touch with reality.  Even if the last part of your prediction comes true (that we experience a BTC bubble peak sometime between 11/6 and 11/20), it could hardly be said, given recent price declinations, that October 5 was the launching point of such current bubble.  Additionally, you should just admit that your other prediction about bubble the bubble commencing before October 25, was just flat out wrong.  

Actually, I could give a rat's ass about whether people get predictions right or NOT. I am ONLY pointing out the wrongness of your prediction to  you because of your seeming arrogance about such prediction.  Personally, I believe there is a better and more honest practice to predict and to attached some probabilistic value to such prediction, rather than appearing to assert such predictions with certainty.. b/c none of us really know the price direction of BTC in the short-term, unless we happen to be a whale manipulator.

sure wtv

i'd still rather eat 12 raw hotdogs.