Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25678. (Read 26608313 times)
September 20, 2014, 04:22:09 PM
if we see 450 @monday this will be the first step of our rally
September 20, 2014, 04:12:54 PM
Tomorrow a big buy i think we will see more than $435 price. The buy will be at 6hours from now the price now will go down to not more than $390
September 20, 2014, 04:09:54 PM
no one ever believes a word i say
I wouldn't say that is true...I paid something a while ago to get your market reports.
Btw, where's the next update? It's been about a year you lazy guy.
September 20, 2014, 04:01:25 PM
September 20, 2014, 04:00:06 PM
Bitfinex has gone insane. It is following China it seems, but is trading $3 below Huobi (at least) and about $4 below Stamp. Maybe it is linked up with OKCoin.
September 20, 2014, 03:51:26 PM
but drawing lines on some charts doesn't work.
September 20, 2014, 03:50:13 PM
It will keep bouncing up.
I'm sorry to have to tell you thus but drawing lines on some charts doesn't work.
September 20, 2014, 03:41:23 PM
wait for it....
have been for about 8 months now
September 20, 2014, 03:38:06 PM
It will keep bouncing up.
i'm not so sure about that, it may still retest $340
September 20, 2014, 03:31:47 PM
At least the price went up a bit today, nice opportunity to make some profit while finding the bottom 
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
Yes, the best advice to give at this point. Make sure to dump straight on the new people who just bought some coin. That is very motivating and for sure will bring the price back up.
You traders are either extremely greedy and don't give a shit about Bitcoin or totally clueless.
"The price went up a bit. That's great. Make sure to take it down right away again".
September 20, 2014, 03:30:22 PM
It will keep bouncing up.
September 20, 2014, 03:15:04 PM
At least the price went up a bit today, nice opportunity to make some profit while finding the bottom
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
Yes, the best advice to give at this point. Make sure to dump straight on the new people who just bought some coin. That is very motivating and for sure will bring the price back up.
You traders are either extremely greedy and don't give a shit about Bitcoin or totally clueless.
"The price went up a bit. That's great. Make sure to take it down right away again".
September 20, 2014, 03:01:24 PM
September 20, 2014, 02:57:11 PM
no one ever believes a word i say
I usually do the opposite.
thats probably best, I let the emotions flow freely when i post.
I wanna shoot every seller.
Yeah, you're right. That does feel good.
September 20, 2014, 02:54:04 PM
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.
@stolfi: its always the chinese.
You said it.
I think you may be right tho this time:
How Discus Fish Became China’s Largest Bitcoin Mining Pool
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
AM franchises maybe...
Even the Wall Street Journal is considering this rumor:
http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/
Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"
Mining company killing the competition.. ^^
That is believable. They are running into a central issue though: if the price falls too far, it takes too many coins to move money. Forget free equipment and free power, if they are escaping currency regulation: to move a USD, it would take 3x more coins today than in November. Since they apparently can't repurchase from exchanges, they can only sell a coin once.
In their own interests, I would expect there is a high price that allows them to both gain coins from mining and have enough coins to move a significant amount of money out of China.
i dont think so if your pockets are deep enough.
you instant dump everything you mine to kill the competition then afterwards when you control a big chunk of the nethash you pump the price.
You are assuming their customers can wait 6 mo-2 years to move money out of China. I don't know the right kind of people, but I would assume they would not want anyone to know that far in advance that they were breaking the law.
One flaw with the story: even if exchanges are monitored, it should still be possible to buy btc using an intermediary (family, friends, etc., as is normal for Chinese doing this). It would be so much simpler than cornering the mining market to generate virgin coins.
September 20, 2014, 02:47:33 PM
no one ever believes a word i say
I usually do the opposite.
thats probably best, I let the emotions flow freely when i post.
September 20, 2014, 02:36:33 PM
no one ever believes a word i say
I usually do the opposite.
September 20, 2014, 02:28:15 PM
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.
@stolfi: its always the chinese.
You said it.
I think you may be right tho this time:
How Discus Fish Became China’s Largest Bitcoin Mining Pool
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
AM franchises maybe...
Even the Wall Street Journal is considering this rumor:
http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/
Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"
Mining company killing the competition.. ^^
That is believable. They are running into a central issue though: if the price falls too far, it takes too many coins to move money. Forget free equipment and free power, if they are escaping currency regulation: to move a USD, it would take 3x more coins today than in November. Since they apparently can't repurchase from exchanges, they can only sell a coin once.
In their own interests, I would expect there is a high price that allows them to both gain coins from mining and have enough coins to move a significant amount of money out of China.
i dont think so if your pockets are deep enough.
you instant dump everything you mine to kill the competition then afterwards when you control a big chunk of the nethash you pump the price.
September 20, 2014, 02:16:12 PM
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.
@stolfi: its always the chinese.
You said it.
I think you may be right tho this time:
How Discus Fish Became China’s Largest Bitcoin Mining Pool
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/
Lemme guess... AM?!
AM franchises maybe...
Even the Wall Street Journal is considering this rumor:
http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/
Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"
Mining company killing the competition.. ^^
That is believable. They are running into a central issue though: if the price falls too far, it takes too many coins to move money. Forget free equipment and free power, if they are escaping currency regulation: to move a USD, it would take 3x more coins today than in November. Since they apparently can't repurchase from exchanges, they can only sell a coin once.
In their own interests, I would expect there is a high price that allows them to both gain coins from mining and have enough coins to move a significant amount of money out of China.
September 20, 2014, 02:15:21 PM
wait for it....
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