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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25726. (Read 26609897 times)

legendary
Activity: 1008
Merit: 1003
WePower.red
Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

I am not sure 100%, but you were one of these helpers few days ago, weren't you? You bought yesterday or what?
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Mining costs do not drive BTC price, BTC price drives mining costs.

This is true in majority of cases where BTC price is not close to mining costs. When the price collides with mining costs, BTC price can not go below so it interferes with the mining process lowering difficulty as unprofitable miners are turned off.
hero member
Activity: 714
Merit: 500
I think we have hit bottom and the ball have bounce from it. So now only up or will be holding the price for next big dump. Hope it will still bounce.

Man, whoever cracked those stops needs a break and a fake rally. You may be right, but even I don't have the balls to bet on this cat being live
legendary
Activity: 2604
Merit: 1748
Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

No, this is a speculation thread. It's more like pub talk for traders. Clearly some people shouldn't be here, especially the new-age emotional types  Roll Eyes

Yeah - but some of them do a mean dinosaur pimp-up...  Wink
member
Activity: 74
Merit: 10
Funniest thing is that holders on this thread were screaming that 800$ is cheap  Grin Bitcoin is completely overbought...
hero member
Activity: 784
Merit: 500
I think we have hit bottom and the ball have bounce from it. So now only up or will be holding the price for next big dump. Hope it will still bounce.
hero member
Activity: 714
Merit: 500
Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

No, this is a speculation thread. It's more like pub talk for traders. Clearly some people shouldn't be here, especially the new-age emotional types  Roll Eyes
sr. member
Activity: 502
Merit: 251
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.
Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

The market and the technology are different things.
I believe in the technology, but the market is suicidal.  The game of dumping the price down lasted $100 too long, and everyone waits for an ever cheaper price instead of buying.  We are conditioned that buying means immediately losing money.  Look how many Hero posters in this thread on still sitting on their fiat, waiting for "cheap" coins.

As I posted before, game theory says someone will always keep dumping to make a profit on driving other people out of the market.

340 is just my make or break number.  If it goes below 340, it will go off a cliff. We are down to 395 now.

If 340 doesnt hold, bitcoin is done for this year and next. Maybe never coming back.
legendary
Activity: 2212
Merit: 1001
Come on $100 !!!!!!!!  Let's see how long it takes KnC & the other corps to close their datacenters  Cheesy Cheesy Cheesy Cheesy Cheesy

Hope it stays down for months..................   Grin
hero member
Activity: 812
Merit: 1000
Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.
full member
Activity: 238
Merit: 100
392 wasn't the bottom. It wasn't nearly dramatic enough. But, I do think the bottom is getting much, much, much closer. 350s range.
full member
Activity: 182
Merit: 100
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.
Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

The market and the technology are different things.
I believe in the technology, but the market is suicidal.  The game of dumping the price down lasted $100 too long, and everyone waits for an ever cheaper price instead of buying.  We are conditioned that buying means immediately losing money.  Look how many Hero posters in this thread on still sitting on their fiat, waiting for "cheap" coins.

As I posted before, game theory says someone will always keep dumping to make a profit on driving other people out of the market.

340 is just my make or break number.  If it goes below 340, it will go off a cliff. We are down to 395 now.
legendary
Activity: 1615
Merit: 1000
if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Mining costs do not drive BTC price, BTC price drives mining costs.
hero member
Activity: 714
Merit: 500
Fwark - there she blows
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.
Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

it is the speculation sub-forum we speculate about trading moves, your jumbo mumbo hardcore Bitcoin is the best and die banks is nonsense here, we all want Bitcoin to succeed, and to be honest Bitcoin's success is not tied only to its price, so I would appreciate it if you would cool off and speculate or GTFO.
full member
Activity: 238
Merit: 100
I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

They are looking for it, the push down is accelerating. I think the stops are at $340. Does the manipulator have enough BTC to get us down there? Could be massive capitulation down towards 290 after that but I would expect a sharp reversal followed by flattening out at ~320. That will be a good entry point.

Same theory as me... more pessimistic. I think the longs set their stop loss not far from the $390 range. I think we got close on that last leg down to the flash.
legendary
Activity: 2604
Merit: 1748
dat huobi volume

Yes - a good scrap on Huobi - but Stamp has little volume, no real fight.   Buying did seem to kick in under 400, but there is no rally there. Yet.

I have been buying, I feel 400 or less is cheap coins.  But apparently the market is not sure the bottom is in.
newbie
Activity: 7
Merit: 0
I bought in at a semi high price, just a holding on  Lips sealed
legendary
Activity: 1237
Merit: 1010
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.

Why? If you check the current long wedge March will be a new ATH. No worries here. HODL!
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Do you have link? Because that would be really cool

This thread is so fast, no chance to find it, but the calculation looked OK. After that point BTC price should be (nothing is certain) balanced by adjusting the difficulty, so it's possible to be in longer term stability.
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