Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25876.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: whysosweet on September 11, 2014, 08:25:02 AM

Quote from: wachtwoord on September 11, 2014, 08:21:40 AM

Quote from: spooderman on September 11, 2014, 08:18:31 AM

Ok the people who said, "2014 will be shit" were right.

Of course BTC isn't done, it's gonna blow, but it's gonna do it in it's own time. I suggest, as always, that you hodl.

There's 3.5 month left. We can go to the moon and come back again in that time Wink

I really hope it will happen, can't wait to see over $1000 values.

I do NOT know exactly where moon is; however it is quite far past $1000, and probably in the $5k arena.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: pinky on September 11, 2014, 11:14:24 AM

Quote from: KarmaShark on September 11, 2014, 10:53:19 AM

It can and will change in a heartbeat. We have had all the positive news we could have begged for, so now we wait for the market to mature while adoption fills out. The good times are returning, you can feel it in the air mon.

True, we had very positive news and yet price didn't react which is very bearish and confirms we are still in a long downtrend. Good news only slowed the rate of falling, that's why I think we won't see any significant rally for quite a while. The most optimistic must sell and abandon their hopes before we can go to new highs.

So you can buy in?

pinky

hero member

Activity: 538

Merit: 500

Quote from: KarmaShark on September 11, 2014, 10:53:19 AM

It can and will change in a heartbeat. We have had all the positive news we could have begged for, so now we wait for the market to mature while adoption fills out. The good times are returning, you can feel it in the air mon.

True, we had very positive news and yet price didn't react which is very bearish and confirms we are still in a long downtrend. Good news only slowed the rate of falling, that's why I think we won't see any significant rally for quite a while. The most optimistic must sell and abandon their hopes before we can go to new highs.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: TheJuice on September 11, 2014, 10:12:06 AM

Quote from: wachtwoord on September 11, 2014, 08:21:40 AM

Quote from: spooderman on September 11, 2014, 08:18:31 AM

Ok the people who said, "2014 will be shit" were right.

Of course BTC isn't done, it's gonna blow, but it's gonna do it in it's own time. I suggest, as always, that you hodl.

There's 3.5 month left. We can go to the moon and come back again in that time Wink

Look at last year. In september we were nobodies. In November we were everybodys

It can and will change in a heartbeat. We have had all the positive news we could have begged for, so now we wait for the market to mature while adoption fills out. The good times are returning, you can feel it in the air mon.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: findftp on September 11, 2014, 10:37:00 AM

...
WTF, they say central banks are not involved in the creation of bitcoin.
You know what they said about official denial! Then it's often true Huh

Bitcoin is internet money, impossible without it.
Who brought us internet? Thaaat's right, DARPA.
And who funds DARPA? You got it, the gubermint.
And whose bitch is the gubermint? The bankers', that's whose!
100% banksters' trick!

femmecoins

newbie

Activity: 15

Merit: 0

Quote from: soullyG on September 11, 2014, 10:24:13 AM

New reports from the Bank of England about Bitcoin have been released:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf

They start with...

"Modern electronic payment systems rely on trusted, central third parties to process payments securely. Recent developments have seen the creation of digital currencies like Bitcoin, which combine new currencies with decentralised payment systems."

MODERN? Well... Should be expected I guess. Muppets.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: Bagatell on September 11, 2014, 10:27:29 AM

Quote from: soullyG on September 11, 2014, 10:24:13 AM

New reports from the Bank of England about Bitcoin have been released:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf

The video is ... odd.

http://youtu.be/rGNNiTaC2xs

WTF, they say central banks are not involved in the creation of bitcoin.
You know what they said about official denial! Then it's often true Huh

Bagatell

hero member

Activity: 722

Merit: 500

Quote from: soullyG on September 11, 2014, 10:24:13 AM

New reports from the Bank of England about Bitcoin have been released:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf

The video is ... odd.

http://youtu.be/rGNNiTaC2xs

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

New reports from the Bank of England about Bitcoin have been released:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf

TheJuice

hero member

Activity: 845

Merit: 609

Quote from: wachtwoord on September 11, 2014, 08:21:40 AM

Quote from: spooderman on September 11, 2014, 08:18:31 AM

Ok the people who said, "2014 will be shit" were right.

Of course BTC isn't done, it's gonna blow, but it's gonna do it in it's own time. I suggest, as always, that you hodl.

There's 3.5 month left. We can go to the moon and come back again in that time Wink

Look at last year. In september we were nobodies. In November we were everybodys

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

It is the dollar-zombie-pocalypse, presented to you by the Rest of the World™

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: findftp on September 11, 2014, 08:27:44 AM

Quote from: wachtwoord on September 11, 2014, 08:21:40 AM

Quote from: spooderman on September 11, 2014, 08:18:31 AM

Ok the people who said, "2014 will be shit" were right.

Of course BTC isn't done, it's gonna blow, but it's gonna do it in it's own time. I suggest, as always, that you hodl.

There's 3.5 month left. We can go to the moon and come back again in that time Wink

According to Harvey Organ, the monetary game will be over before january 2015
Although they are talking about gold and silver, bitcoin is playing the same game. We just don't know who's gonna win.
Will it be a barbaric relic?
Or can the world postpone the barbaric relic and function with bitcoin as well.
(which gives big entities the time to buy all the gold and silver again before they pull the crypto plug)

tick tock.

COMEX on its ass will be something to behold... long time coming.

The end of the year is often when such events unfold and markets could get a nasty "surprise"

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

bitcoin mentioned at the end.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

omg theres a risk to holding bitcoin, everyone sell sell sell!! how could you possibly hold coins if there any chance it won't go to the moon!?

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: JimboToronto on September 11, 2014, 07:55:27 AM

Quote from: mooncake on September 11, 2014, 07:53:34 AM

Quote from: JimboToronto on September 11, 2014, 07:50:17 AM

Quote from: exocytosis on September 11, 2014, 07:44:27 AM

There was a tiny dead cat bounce. Now we're heading down to sub 450.

Sell now or loose everything bagholders.

Edit: Oops, I forgot to mention "final capitulation".

You are fallling!

LOL. Better get your sarcasm meter checked.

....this was funny

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: tarmi on September 11, 2014, 08:28:23 AM

Quote from: NotLambchop on September 11, 2014, 07:15:46 AM

Quote from: Moria843 on September 11, 2014, 06:50:06 AM

...
I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable...

When you say "profitable," do you mean to say it costs you less in electricity to mine a coin than you could get for it at the current exchange rate? If so, what do you mean by "not selling at a loss"?

yes, he is saying that it is still cheaper to mine.
not for too long, because by undervolting/underclocking his gear and he is squeezing it. but only because he is paying electricity 0.13 $/kWh.
there are a lot of places on earth with cheap 0.06 $/kWh.

Then I'm confused about the "not selling at a loss" bit. If it's cheaper for him to mine, then he's "not selling at a profit."
Or does "profit" mean recouping the money from the hardware investment?

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: JorgeStolfi on September 11, 2014, 09:08:10 AM

Quote from: Moria843 on September 11, 2014, 08:44:41 AM

I make that decision monthly when I get my power bill. I have a watt-hr meter tracking energy used by miners. When I get the bill, I calculate the BTC mined over the same period covered by the bill. I calculate the incoming revenue from amount of BTC mined based on it's current value. From that I subtract the electricity cost to determine the profit or loss (old miners are all paid off and have ROI'd). As long as there is a profit I will continue mining. Current cost to mine for me is about $275/BTC. I will shut down if ratio becomes unprofitable due to low BTC value or too high/BTC energy cost.

I suppose that, even if the equipment is not yet paid off, it is worth mining as long as the mined coins are worth more than the electricity bill (and other running costs, like cooling and salaries for large mines). Even if there is no prospect of recovering the investment, mining will reduce the final loss. Is this correct?

yes

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: Moria843 on September 11, 2014, 08:44:41 AM

I make that decision monthly when I get my power bill. I have a watt-hr meter tracking energy used by miners. When I get the bill, I calculate the BTC mined over the same period covered by the bill. I calculate the incoming revenue from amount of BTC mined based on it's current value. From that I subtract the electricity cost to determine the profit or loss (old miners are all paid off and have ROI'd). As long as there is a profit I will continue mining. Current cost to mine for me is about $275/BTC. I will shut down if ratio becomes unprofitable due to low BTC value or too high/BTC energy cost.

I suppose that, even if the equipment is not yet paid off, it is worth mining as long as the mined coins are worth more than the electricity bill (and other running costs, like cooling and salaries for large mines). Even if there is no prospect of recovering the investment, mining will reduce the final loss. Is this correct?

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