Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26032. (Read 26609784 times)
September 01, 2014, 04:22:00 AM
Seems solid, def. future of currency.
September 01, 2014, 04:21:13 AM
Looks like a lot good news today - I wonder if it will stop the down trend.
September 01, 2014, 03:59:19 AM
September 01, 2014, 02:59:19 AM
September 01, 2014, 02:57:42 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
September 01, 2014, 02:57:15 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.
Consumer-level mining was impractical months ago already.
Industrial-scale mining facilities have logistics, R&D, capital costs, all in the craziest growing industry on the planet.
All of them are burning reserves as we speak.
New players entered the game in the previous months with some perspectives on price that have not been fulfilled.
I hear the free electricity argument a lot, but it is very unrealistic to expect that someone like BitFury for example run on free electricity.
Hardware may seems cheap the month you buy it (or that you develop it, in case of BitFury), but his profitability is based on assumptions that are out of the miners control.
That being said, i may be wrong. Maybe some mining facility is still profitable at these price levels. Perhaps they have their own power plants and they are mining on Einstein-Bose condensate optical lattices circuitry. Who knows
September 01, 2014, 02:35:26 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.
September 01, 2014, 02:32:53 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.
September 01, 2014, 02:32:42 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.
Hey man, stop posting pictures of my girlfriend around the internet. She get's angry about that.
=D
September 01, 2014, 02:31:37 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.
September 01, 2014, 02:28:23 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.
September 01, 2014, 02:21:05 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.
September 01, 2014, 02:19:30 AM
Anyway, Apple users will spend all the iMoney dollars that their fathers charge for them at Starbucks.
September 01, 2014, 02:17:46 AM
Are we sure them at GABI weren't talking about 200M Satoshis?
September 01, 2014, 02:08:19 AM
Can't wait to hear what really happened at btc-e...hacked api of a trader, bad programming whatever it was, will make for an epic story lol.
I'd be more worried if it was android and visa.
I'd be more worried if it was android and visa.
September 01, 2014, 02:03:10 AM
http://www.bloomberg.com/news/2014-08-31/apple-said-to-team-with-visa-mastercard-on-iphone-wallet.html
Wonder if there will be any reaction in the price to this news if true. We will know september 9th.
Wonder if there will be any reaction in the price to this news if true. We will know september 9th.
September 01, 2014, 01:59:56 AM
September 01, 2014, 01:56:40 AM
Wrong. The hashrate has decreased in the past ... if you cared to take a look and can read a plot.
I saw it stagnate at the last reward halving, maybe I did not look far back enough?
It self-regulate. If mining is unprofitable people stop mining, hash rate drop and mining became profitable again. If prices remain at these levels hash rate MUST drop, unless vast majority of hash power is controlled by entities that have no economic interests in mining per se.
September 01, 2014, 01:54:44 AM
Fully prepared to see $400 this week, but it looks like we could be hitting support here at 470-ish
Either way i'm happy
Either way i'm happy
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