It will stop before 420. There we go down again. 400 again within 2 hours. Down from there.
Hahahahahaha. Repent, idiot trader! 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25046. (Read 26710076 times)
October 14, 2014, 12:54:21 PM
October 14, 2014, 12:54:00 PM
the 15min chart looks way too much like the last two bubbles. Loving this fractal shit
October 14, 2014, 12:53:52 PM
It will stop before 420. There we go down again. 400 again within 2 hours. Down from there.
October 14, 2014, 12:53:33 PM
414 eaten in another gulp...we have a bear slayer on stamp, just keeps taking out those walls
October 14, 2014, 12:53:32 PM
October 14, 2014, 12:53:20 PM
October 14, 2014, 12:52:44 PM
BUY
October 14, 2014, 12:46:27 PM
Where's Adam... CannabisCoin pump in progress 
October 14, 2014, 12:46:17 PM
I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
It looks like we are at the point:
https://blockchain.info/charts/hash-rate
https://blockchain.info/charts/difficulty
This isn't a statistical artifact due to a bad luck streak?It looks like we are at the point:
https://blockchain.info/charts/hash-rate
https://blockchain.info/charts/difficulty
I'm not going to calculate it either, but the effect was actually visible 2 weeks ago. I held off posting to eliminate statistical artifacts.
October 14, 2014, 12:44:29 PM
I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
It looks like we are at the point:
https://blockchain.info/charts/hash-rate
https://blockchain.info/charts/difficulty
It looks like we are at the point:
https://blockchain.info/charts/hash-rate
https://blockchain.info/charts/difficulty
its already known that at todays hasrate, at 0.1 usd per kwh electricity it cost 131 usd per bitcoin, that before the cost ROI of miner.
but yes 300 seem to be the bottom.
This is a theoretical calculation that does not take into account factors like rent, salaries, AC, and the variety of hashing hardware currently deployed. Seeing the hash rate level off or even drop indicates the true level where a significant fraction of the least efficient hardware is being turned off.
October 14, 2014, 12:43:06 PM
haha gl to the shorters, you're gonna need it 
Tons of shorts opened ~350-375, and ~450.
Lots closed the last few days but you gotta feel for the poor souls who shorted at $275
(JK)
October 14, 2014, 12:41:40 PM
I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
Won't there on average be 3600 coins mined daily regardless of hashing power? Not sure I understand this argument...i think he meant that at certain level, miner will hoard instead of selling
No, hash rate changes every 2 weeks, but meanwhile mining capacity is being added or removed from the network. So we got (IIRC) blocks every 7 minutes on average or (for example) about 4200 coins per day during the big mining rise. Over the last 9 months the market has gotten used to these extra coins. If we drop to steady hashing, 600 coins per day will have a cumulative effect. Sure this is a LOT less then volume but remember the same coin is traded many times. If the hash rate actually drops then for 2 weeks fewer than 3600 coins will be mined.
October 14, 2014, 12:41:01 PM
ShroomsKit going to miss the train 
hush hush... did you hear that... i think shroomie is crying...
October 14, 2014, 12:40:20 PM
Is Shroomsy going to be ranting about "fucking idiot buyers" now? 
October 14, 2014, 12:39:38 PM
Please quote a single statement I have made you think is "wrong"
...
abortive rally
...
abortive rally
Answered your own question.
Lol, rally means going up, not peaking and flopping back down. But you might have better luck in the future, looks like it's been "trending" up again for the last few hours
Hold on to your dreams!
October 14, 2014, 12:38:44 PM
ShroomsKit going to miss the train
October 14, 2014, 12:38:11 PM
October 14, 2014, 12:38:05 PM
Choo Choo ShroomsKit. Its giving me great pleasure watching you lose money.
October 14, 2014, 12:37:13 PM
October 14, 2014, 12:35:30 PM
406 wall eaten in one gulp
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