Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26031. (Read 26609784 times)
September 01, 2014, 05:59:20 AM
September 01, 2014, 05:58:00 AM
The point was that at these bitcoin price levels mining is impractical.
Why would that be the case? Some miners/groups, I would think, have sources for cheap miners and cheap/free electricity. Don't you think there are miners whose margins can go much lower than this? Maybe I am missing something.
well imho too much coin from mining going nuts and from merchants cashing btc direct to usd via bitpay....the consumer side is not keeping up thus the downward drip/slip
as we see in price
keep hoping the facebook twins get their ETF out and that EBAY has a come to jesus moment to jump start world wide sales with bitcoin then it 'irrationally' go zonkers UP
instead of down
not that I know what i"m talking about .but a hell of a lot of giant PH farms that mine btc direct to usd....and more merchants the more they xfer it direct to cash a lot of 'sell' pressue imho
but then again i know zip
Searing
we do NOT really have any accurate data that shows exactly what miners are doing and what percentage of their BTC they are cashing out.. I would expect considerable variance and a bit of HODLing and deferred gratification before cashing out....
September 01, 2014, 05:53:51 AM
The infamous DanV of Tradingview recently drew a Bitfinex chart where he predicted $100~ ... I think that is his lowest prediction yet. It's not Prof. Bitcorn level apocalypse, but it's getting there. Too bad I didn't save the link....
I am pretty bearish myself at the moment, but $100 sounds like total bullshit.You gotta take into account this: "who is gonna SELL his BTCs for 300$ - $200 - 100$"? Will there still be more people selling BTC for that kinda cheap price than people wanting to buy at that price?
I highly doubt it.
Well, I suppose in 2011 it went from $32 to $2. I know, I know, different time, different fundamentals. But while things are looking good for the fundamentals of BTC infrastructure (start-ups, merchants, funds), short/mid term price may be different entirely.
Hypothetical: How do you think people will feel if we break below $260s? That never happened before (breaking below previous ATH). If people start thinking "bitcoin is dead" for real, you might be surprised what they are willing to sell for.
September 01, 2014, 05:50:03 AM
I'd be more worried if it was android and visa.
Well perhaps, but happy to be all fiat atm. This decline will continue and might accelerate with news about Apple working with Visa, Mastercard and American express to create a mobile wallet.
Speculators gotta do what speculators gotta do. However I've been holding since last Dec, starting buying in Oct and it isn't so hard. I mean I know that if it is to enter bubble like situations I should probably profit take but however I am here to provide my trust in the system and watch it grow.
I don't know why you think this news is going to accelerate the selling. I'd hope as you that GABI doesn't just start buying as the last weak hands dump...not to say they're planning to do it on an exchange or all at once... but the price being where it is they might just do the biggest off exchange buys that they can.
Have you ONLY been HODLing... you have NOT been buying, too, from time to time... ?
I mean is there NOT some benefits in accumulating MOAR...... ? and don't the large majority of us continue to acquire more fiat with the passage of time?
I cannot see the practicality of NOT continuing to buy, Unless you made a really large investment in October? OR you are NOT really accumulating more fiat?
September 01, 2014, 05:43:51 AM
I am super irritated by the exchange shenanigans... but negativity aside, I have a fleeting suspicion we will be looking at 500 within the next couple hours... not days. If I called it then I want a cookie.
If you are right i wish you have this kind of cookies.
link - NSFW..... hehehehehehe.. but nice reward... better than a double bottom to be rewarded with a double top.
September 01, 2014, 05:37:26 AM
The infamous DanV of Tradingview recently drew a Bitfinex chart where he predicted $100~ ... I think that is his lowest prediction yet. It's not Prof. Bitcorn level apocalypse, but it's getting there. Too bad I didn't save the link....
September 01, 2014, 05:34:53 AM
Thought we might see a short squeeze tonight.... started off swiftly but it seems we got rejected at short term (1hr) EMAs.... bears too strong here? Maybe we need more down first before a proper bounce.
Problem is not too strong bears, problem is that there are no bulls left basically lolI just see weaker and weaker little bounces that are probably more like shorters taking profit than anything...
no worry, soon $400 will be the new $680 ATH
everyone would be happy if we can even touch it or get closer to it ever again after we drop to $3xx or $2xx
September 01, 2014, 05:29:45 AM
Thought we might see a short squeeze tonight.... started off swiftly but it seems we got rejected at short term (1hr) EMAs.... bears too strong here? Maybe we need more down first before a proper bounce.
Problem is not too strong bears, problem is that there are no bulls left basically lolI just see weaker and weaker little bounces that are probably more like shorters taking profit than anything...
September 01, 2014, 05:29:14 AM
GABI is shorting bitcoin with their $200 million dollars?
People are misreading the news and getting all sorts of fantasies about GABI.
Read carefully. What they said is Jersey is going to sell 200 million BTC to GABI who will give them out free to all Bitstamp traders who wear a red "KEEP CALM" T-shirt and buy some weed from Newegg, starting September 1st.
Well, OK, that is not what the news said either... but who cares about the truth in this community?
hehehehe.. Your reputation precedes you, Jorge....
September 01, 2014, 05:26:28 AM
Thought we might see a short squeeze tonight.... started off swiftly but it seems we got rejected at short term (1hr) EMAs.... bears too strong here? Maybe we need more down first before a proper bounce.
September 01, 2014, 05:20:16 AM
I like Mike Hearn, he is a talented Developer and most importantly an objective one.
September 01, 2014, 05:13:21 AM
Decreased my position very slightly tonight in anticipation of another potential drop this monday. So there's no drop apparently, but I still think this was a prudent move so I can sleep better and benefit from a massive drop if one should occur. If BTC indeed only goes up from now on I'll still definitely be profiting.
September 01, 2014, 05:06:14 AM
Wow, JayJuanGee actually really is Shroomskit, i always thought that it´s a rumour.
September 01, 2014, 05:03:51 AM
Divergence on 2h chart. Falling will get a new dead cat bounce.
The bounces have no bounce anymore. Market is becoming it's own downside self-fulfilling prophecy. The last few weeks have been so wacky that nobody is convinced. I am bordering on just taking my ball, going home, and never coming back unless we go under $200. This shit has been way too f---ed up lately.
We need about 85% of the forum to quit like you and then I'm buying back in. Whatever price we are at when that happens.
Well, like OpenBazaar popped up this week and these GABI cats are supposed to be dropping tons of money... and then BTC-e goes apes---, yesterday. At best, this sh-- is rigged. At worse... who the f--- knows.
I guess what I am trying to say is... a-- rape gets old, quick.
I guess what I am trying to say is...when enough people, like you, panic sell, then we will eventually reach a price that forms a bottom. So the sooner you guys can panic the better.
And I'm being absolutely serious.
YES...
HURRY up and PANIC, whoever has NOT yet panicked, HURRY UP!!!!!!
Things are looking really BBBBBBBBAAAAAAAAAADDDDDDDD for bitcoin.
In other words, SELL, SELL,SELL... and take your ball or balls with you. Goooooooooooo Bye.
September 01, 2014, 04:59:19 AM
September 01, 2014, 04:56:19 AM
seems to me there might be a correlation between the steady rise of discus fish (chinese mining farm) and the bitcoin price.
Hashrate and difficulty also took an unusual acceleration, but that could be just an illusion of logaritmic rappresentation
Hashrate and difficulty also took an unusual acceleration, but that could be just an illusion of logaritmic rappresentation
September 01, 2014, 04:49:21 AM
Maybe we can start getting rallies in the middle of the night too.
September 01, 2014, 04:41:15 AM
Looks like a lot good news today - I wonder if it will stop the down trend.
What good news? Openbazaar and nude pics of Jennifer Lawrence?
hey....seeing Jennifer Lawrence naked is one less thing off my bucket list...admitedly I wanted it to be private
with some wine soft music but hey.....I'll take what I can get...
Searing
September 01, 2014, 04:25:47 AM
Looks like a lot good news today - I wonder if it will stop the down trend.
What good news? Openbazaar and nude pics of Jennifer Lawrence?
Have a look in https://bitcointalk.org/index.php?board=77.0 - maybe it is not really all good news - but for hype any news is good news.
September 01, 2014, 04:23:18 AM
Looks like a lot good news today - I wonder if it will stop the down trend.
What good news? Openbazaar and nude pics of Jennifer Lawrence?
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