Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25837. (Read 26609764 times)
September 14, 2014, 02:34:31 PM
I will let the rest of my DOGE run on their own for now, will buy back later. (thanks for 20 free BTC)
September 14, 2014, 02:33:00 PM
many individual miners are probably in their 20s or lower 30s at that oldest
Don't kid yourself.
I've mined for years and I'm 66 years old.
As soon as I need to put the heat back on, I'll be firing up the ASICs again.
I know that I am making broad generalizations - certainly, I did NOT mean to imply that everyone falls in the age group that I specified. That is the reason that I surmised with the qualifier "many."
Second: Are you really a seasonal miner in that you believe that your getting a second purpose (heating) out of your unit justifies running it at faster speeds during the cold season and slower (or NOT at all) during the warmer seasons. Personally, I would have speculated (again) that these machines have such a short lifespan (due the seemingly ever exponentially increasing hash rate) that you would want to continue to run them while they are still profitable and with the passage of time they are going to become, more or less giant paper weights.. or maybe ONLY heaters b/c they are otherwise running at a loss.
September 14, 2014, 02:32:36 PM
Probably this is near the end of their days, bubble is about to collapse
You are damned if you doge and damned if you doge.
September 14, 2014, 02:30:43 PM
Probably this is near the end of their days, bubble is about to collapse
September 14, 2014, 02:25:54 PM
many individual miners are probably in their 20s or lower 30s at that oldest
Don't kid yourself.
I've mined for years and I'm 66 years old.
As soon as I need to put the heat back on, I'll be firing up the ASICs again.
Wow maybe you are already dead when btc takes of.
Kiddin..
LOL That's what I told the chick down at Decentral when I bought a couple more coins yesterday.
Hopefully I'll never have to sell any of my coins (just spend what I must) and my nieces and nephews will inherit them all.
I certainly don't expect to be starving on my old age pension when I'm in my 80s and 90s.
I want to be able to hire and fire my own caregivers if I need them.
September 14, 2014, 02:23:51 PM
September 14, 2014, 02:23:16 PM
When in doubt HODL
You're preaching to the choir bro.
Hold On for Dear Life.
Hodl* On for Dear Life.
In otherwords:
HODL = HODL
That is saying a lot!!!!
September 14, 2014, 02:12:52 PM
many individual miners are probably in their 20s or lower 30s at that oldest
Don't kid yourself.
I've mined for years and I'm 66 years old.
As soon as I need to put the heat back on, I'll be firing up the ASICs again.
Wow maybe you are already dead when btc takes of.
Kiddin..
September 14, 2014, 02:11:44 PM
many individual miners are probably in their 20s or lower 30s at that oldest
Don't kid yourself.
I've mined for years and I'm 66 years old.
As soon as I need to put the heat back on, I'll be firing up the ASICs again.
September 14, 2014, 02:10:42 PM
Someone noted that the LocalBitcoins BTC:USD volume has been increasing:
My short term outlook as a person that has a local advertisement to buy BTC at Bitstamp. These are the OTC trenches outside of the manipulated buy & sell wall exchanges.
Sellers come out in droves when BTC is above 500. I don't have enough money to keep up with all the sell offers over 500 and I can discount Bitstamp to bring out the truly desperate sellers.
At this current price in the 470-480 there is a huge lack of sellers, nada, for the last few weeks I haven't bought OTC. My conclusion is that there are a lot of holders stuck above 500 that are willing to break even or sell at a slight loss. Any rise above 500 is being met with strong sell resistance in the world of OTC.
I believe that there are a lot of disillusioned holders of bitcoin that would like to sell between $650 and $850 (however, in NO way are these a majority of holders), and many of these are going to want to jump back on board onto the bitcoin rocket once they see BTC prices going above $850, which is going to be a sign of the inevitable price movement in BTC and a sign that we are heading to a new ATH which will be much past the previous ATH.. likely into the $3 to 5K territory, and potentially beyond that.. . depending on the level of fervor and the amount of institutional money that is going to be pumped in during the next exponential price rise.
So yeah.. we are going to witness a lot of confusion and a lot of baby move attempts to continue to downward manipulate prices between the current price and the lower $800s... ... anyhow, this could take several more months to play out.. maybe even six more months.
September 14, 2014, 01:59:05 PM
September 14, 2014, 01:55:06 PM
If we will break through $480 I will make a party, holding hard.
yeah me too despite my crisis of confidence....BTC will have to hit 150 usd or below for me to start to hurt
now then again the bad choice of the KNC Titan NO ROI scrypt miner 1st batch...that is gonna hurt..but has nothing
to do with the previous btc I mined.....bad choice on my part (in my defense knc went from the Pope to Darth Vader
in 1 year with all the $$$ they made I guess $$$ really really do corrupt!)
so figuring in the above NO ROI Titan....if it gets below $350 usd you could say that is the true cost
WTF in 30 years they will put me in an Assisted Living place if I'm lucky ..have to have something to talk about....
If you are talking about assisted living in 30 years, you must be getting close to your 50s? I would have guessed that you are younger than that because many individual miners are probably in their 20s or lower 30s at that oldest, and if you happen to be in your lower 30s, then having assisted living in your 60s would be quite fucked!! Take care of your health, and you should NOT need assisted living until you are in your 80s (absent some catastrophic event or unexpected disease). You can lessen the likelihood of Heart disease and diabetes and a lot of those by cutting back on carbs and process foods and trying to eat whole foods that you cook yourself rather than restaurant foods... anyhow that seems to be getting into a whole other topic about preserving our health in order that we are gonna be able to enjoy the wealth that we achieve from BTC.. and don't begin smoking cigars like Risto, it is NOT a good habit, even though you may be tricked into believing that there is some sort of prestige in it.
September 14, 2014, 01:54:31 PM
DOGE UP and on it´s destined way to beome THE dominant crypto! Sooner or later his little brothers BTC and LTC will follow, don´t you worry!
Bitcoin = GoldLitecoin = Silver
Dogecoin = USD
Funny how market sentiment changes overnight like this. DOGE went from DEAD to back to number 3.
Just need BTC to do the same now.
September 14, 2014, 01:53:51 PM
oh ye that doge rise looks legit, definitely a time to buy
September 14, 2014, 01:50:07 PM
DOGE UP and on it´s destined way to beome THE dominant crypto! Sooner or later his little brothers BTC and LTC will follow, don´t you worry!
Bitcoin = GoldLitecoin = Silver
Dogecoin = USD
Funny how market sentiment changes overnight like this. DOGE went from DEAD to back to number 3.
Just need BTC to do the same now.
September 14, 2014, 01:43:45 PM
What is the evidence of manipulation? Genuinely asking, not sarcasm.
Also Searing, we know it's you that's writing your posts.
You don't need to write Searing at the end of them.
PGP signing the messages...now that might be worthwhile.
Not Searing
Also Searing, we know it's you that's writing your posts.
You don't need to write Searing at the end of them.
PGP signing the messages...now that might be worthwhile.
Not Searing
hehehehe... made me LOL
I'm Not Searing, too.
September 14, 2014, 01:40:43 PM
Too much mining? As in coins are getting created faster suddenly?
all mega mines as far as I know like knc etc dumpt to usd the same day for accounting
and all mega mines in USA pretty much have to do so due to IRS any holding of coin
is considered capital gains and if sold within 1 year 40% plus 25% taxed on what you mine
so if they cash out the same day to usd they get around this rule
ie....too much selling not enough holding nor useage
again i LIKELY don't know wtf I'm talking about..but seems lopsided compared to use of bitcoin
and/or holding as an investment
Searing
I don't like saying this...but my view (likely wrong) is it will drop to 400 or below....imho just too much 'mining' via all the methods including
cloud hashing etc and just not enough use nor will to buy at this time...just sell asap ....hopefully this is short term...but just 'feels' like too much BTC being
converted directly to USD on all these mega farms and/or what few merchants like overstock.com etc are taking bitcoin...thus again imho we
are in this slump till around 400 usd or below...till some other aspects of use etc on Bitcoin return...(hopefully)
hoping the ETF by the facebook twins or just plain....expense of mining...glut stops and .shortens this 'slump period' again in my view ...but again i just
have a feeling that too much currency vs use and too much of that currency is being converted directly...thus an ugly pattern of bad news
or frak any news on BTC lately seems to be seen in the most negative light...and thus over reaction in my view to dump (at this time)
hope I'm wrong ...wanna be a bull......having identity crisis
anyway my view but don't mind me...I bought from BFL and Alpha Tech (got full refunds on both) and a NO ROI TITAN from KNC on order
so obviously I don't know WTF I'm talking about and am quite likely certifiably ready for a rubber room
but if BTC is a 3 legged stool mining/buying & selling/ use .... using BTC seems way back of the pack compared to the other two processes imho
just my demented view
Searing
cloud hashing etc and just not enough use nor will to buy at this time...just sell asap ....hopefully this is short term...but just 'feels' like too much BTC being
converted directly to USD on all these mega farms and/or what few merchants like overstock.com etc are taking bitcoin...thus again imho we
are in this slump till around 400 usd or below...till some other aspects of use etc on Bitcoin return...(hopefully)
hoping the ETF by the facebook twins or just plain....expense of mining...glut stops and .shortens this 'slump period' again in my view ...but again i just
have a feeling that too much currency vs use and too much of that currency is being converted directly...thus an ugly pattern of bad news
or frak any news on BTC lately seems to be seen in the most negative light...and thus over reaction in my view to dump (at this time)
hope I'm wrong ...wanna be a bull......having identity crisis
anyway my view but don't mind me...I bought from BFL and Alpha Tech (got full refunds on both) and a NO ROI TITAN from KNC on order
so obviously I don't know WTF I'm talking about and am quite likely certifiably ready for a rubber room
but if BTC is a 3 legged stool mining/buying & selling/ use .... using BTC seems way back of the pack compared to the other two processes imho
just my demented view
Searing
Searing...
You are stating that you have a feeling that BTC prices will be going down into the $300s and you are jaded, and maybe you are even attributing your being jaded to the fact that you are being squeezed in the miner world. Accordingly you seem likely to be over-extended in your BTC investment and not enough fiat cash flow and you are feeling unable to hodl.. .and you seem to be forced to sell BTC at these low prices and you are NOT able to mine enough BTC to be profitable.
I believe that in your above post that you are attempting to be honest with us regarding your perspective, but I also believe that you are wrong about the direction of bitcoin prices... There is a possibility that you could be correct and BTC prices will be manipulated further down - but really there just seems to be too few people willing to continue to sell BTC at these low prices, and a large number of the well-to-do whales who had been buying into BTC between $680 and $480 are going to want to get their paydays and they are going to want to manipulate the BTC prices upward as far as they can pump it and then take some profits. This upward pump is likely going to be in the $3k to $5k territory and it could go further than that with the right kinds of pushing upward and piling on of the masses that will want to get in on the deal while it is moving upward in prices.
This upward pump may not occur in the coming weeks, but surely it is going to come sooner or later.. probably in no more than a year from now.. but seemingly within the coming months and before the middle of 2015 is more likely b/c big people and investors into BTC are likely going to be running out of patience soon and are going to want some upward price movement to cash out some of the profits.... which are much more easily to manipulate upward than downward... especially once the upward momentum starts.
In other words, I would NOT bank on such ability for downward BTC price manipulation in to the $300s, but I would maintain some cash on hand just in case there is some success in such downward BTC price manipulations in the coming months. I am betting that the likelihood is greater that BTC's price movement is going to be upward rather than continuing to go downward.
I am holding am not selling nor likely too...just saying that what I see as stagnation....(probably stated my views badly ...likely) but some gov't actions like China etc do have meaning
on bitcoin price..again speculating but imho if china had taken more of a USA approach to bitcoin...likely we'd be at 1.5k a coin now...so between the press/media FUD and
the fact of all the centralization of mining etc....(a lot of the proponents of BTC were home miners...ie the cheerleaders...pushing the coin..they now seemed pushed out) and the likely bubble that was china...well
just feeling melancholy
that and the fact today I had a mess of contractors and others thru my house in that it is being remodeled and they asked what the KNC jupiter miner was in the basement (5 seperate occasions as I lead plumber/electrican/contractor for estimates thru the house and one other neighbor who chased me down in the basement for me to fix her laptop...)
well in each individual instance...they asked about setup i said it was a Bitcoin miner KNC Jupiter (minnesota usa) well in each instance they all acted like they found me growing pot in the basement
so from the looks on faces and rapid change of context after stating this ...I asked if they heard of it ..universally they had heard it was for drug deals and illegal was it not?
no sh*t...so i got them to come around to the view of it is independent xfer of $$$ w/o banks etc...which I'm not sure they bought...again this was 5 diff people on 5 diff occasions
in my basement seeing the miner...and stating the above...
so I guess I need lock my door and next time i troop a mess of contractors thru the basement etc ....i should throw a box over the miner...was very awkward and not just 1x ..5x I went thru this
thinking about it this evening i realized that everyone (with the exception of my brothers who speculate in markets) act like when they hear I'm in Bitcoin the same way you hear
of someone in Amway...sure people may make money with amway ..but no one wants anything to do with it...same jibe..again with the exception of my two brothers who speculate
in stocks (one for a living) since last summer NO ONE with the exception of them has NOT thought it was a scam/ponzi or illegal...all FUD...and of course you try to change their mind
but they get that closed look on face that the media/news would not spread FUD look ..ie there must be something to the bitcoin scam or they would have heard otherwise...
then again I'm so far in the sticks this may just be the way it is till the press/media do less FUD on bitcoin...so anyone I talk to about bitcoin universally in my limited view
thinks it is everything the press/media says it is ...ie a scam..
just maybe having a bad day...but I mean really Ebay announces it is taking bitcoin and nothing happens in the market....price wise it goes sideways?
well anyway will hold till btc is worth zip ...made all of it mining...still have my 1st btc....just having the beanie babies heebie jeebies after today
anyway.....the suspense of this stagnation slow drip downward is just getting to me I guess...todays little escapade did not help my view it is going to be accepted quickly either
then again they all probably think the apple pay plan is a scam too...
Searing
1st regarding incentive to hold or to sell BTC: You are describing a lot of incentives to sell BTC; however, you are still holding. I believe that the large majority of people and institutions that have BTC and know about BTC are holding too. There just remains a long and ongoing downward manipulation and an attempt to create an impression that there are incentives to sell BTC and to liquidate etc etc.. Which is NOT true. The overwhelming incentive remains to hold and to buy.
2nd regarding people's impression of BTC as marginal and quasi-illegal and used for illicit purposes: I have NOT doubts that there is quite a bit of those kinds of misimpressions and miscategorizations of what bitcoin is used for. I run into these kinds of people too, and I believe that the best way to deal with these kind of people is to make it seem that they are misinformed and crazy and sorry for them that they may miss the boat. You can suggest to them that they catch up on the newest developments in BTC and that they get on board. Surely in the end it is up to them when, or if or, to what extent that they get on board, but at some point they are likely going to be kicking themselves b/c they had opportunities at these lower prices to get on board. I feel NO need to attempt to convince any of these people b/c sooner or later they are going to see that opportunities to get in cheap (and currently is cheap) have gone away and never to return. This Bitcoin thingy-magiggy is world wide and much beyond their narrow perceptions and their narrow understandings of it... and adoption is continuing on a world wide basis with more and more and more uses and adoption.. sooner or later there is NOT going to be enough coins to go around at this price and panic upward attempts of the masses to pile on board. this is NOT a fantasy, these are factual based projections based on the way and manners that the totality of the BTC infrastructure is developing. Whether you believe or do NOT believe... the rocket is gonna happen... likely sooner rather than later..
September 14, 2014, 01:30:06 PM
Doge having its day.
September 14, 2014, 01:07:41 PM
Remember those 850.000 bitcoins... Would you hold all of them, or would you convert some to the fiat?
personally, i would buy all the monero.
but... were you seriously still trying to troll on coins from 2012?
September 14, 2014, 12:59:03 PM
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