This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
Things change incredibly quickly in this game.
bitcoin miners are a dying breed. it's really getting tough to deal with the heat.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27345. (Read 26609079 times)
June 03, 2014, 12:54:18 AM
bitcoin miners are a dying breed. it's really getting tough to deal with the heat.
June 03, 2014, 12:52:09 AM
This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
Things change incredibly quickly in this game.
That's incredibly humbling...here I am stressed about my lonesome 1BTC!
June 03, 2014, 12:50:25 AM
Bulls !
June 03, 2014, 12:48:03 AM
This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
Things change incredibly quickly in this game.
June 03, 2014, 12:47:48 AM
I've expected this level to be dealt with in this try. Pretty strong resistance at 670-680.
a tough nut to crack indeed...
it's just a matter of time.
June 03, 2014, 12:46:23 AM
Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits,
but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise.
or something like that
Well, as the price goes up miners need to sell less coins to pay their budgets. As they sell less coin, there is less coin on the market making the price rise even more.
and as the price goes up, the competition for mining goes up, and then the hashrate goes up, and then you're getting less coins, and then....
it's really a brilliant incentive model, someone should do their thesis on that./
June 03, 2014, 12:45:36 AM
But it still doesn't make sense.
Why do a market order and deal with slippage? When he could just make a wall at 675?
Why do a market order and deal with slippage? When he could just make a wall at 675?
Bitcoin traders are not known as the smartest people around.
Basically most of them have no idea what they are doing. For most it goes like this: omg everyone is selling, i need to sell now! Omg everyone is buying, i need to buy now!
June 03, 2014, 12:44:19 AM
But it still doesn't make sense.
Why do a market order and deal with slippage? When he could just make a wall at 675?
Why do a market order and deal with slippage? When he could just make a wall at 675?
Bitcoin traders are not known as the smartest people around.
Basically Most of them have no idea what they are doing. For most it goes like this: omg everyone is selling, i need to sell now! Omg everyone is buying, i need to buy now!
Does seem to be the case.
I mean, why send 800BTC to Gox after its gone kaput?
June 03, 2014, 12:43:11 AM
But it still doesn't make sense.
Why do a market order and deal with slippage? When he could just make a wall at 675?
Why do a market order and deal with slippage? When he could just make a wall at 675?
Bitcoin traders are not known as the smartest people around.
Basically most of them have no idea what they are doing. For most it goes like this: omg everyone is selling, i need to sell now! Omg everyone is buying, i need to buy now!
June 03, 2014, 12:42:43 AM
I've expected this level to be dealt with in this try. Pretty strong resistance at 670-680.
June 03, 2014, 12:40:58 AM
Back to 666! lol
June 03, 2014, 12:40:20 AM
Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits,
but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise.
or something like that
Well, as the price goes up miners need to sell less coins to pay their budgets. As they sell less coin, there is less coin on the market making the price rise even more.
June 03, 2014, 12:38:55 AM
But it still doesn't make sense.
Why do a market order and deal with slippage? When he could just make a wall at 675?
Why do a market order and deal with slippage? When he could just make a wall at 675?
June 03, 2014, 12:38:13 AM
Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits,
but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise.
or something like that
June 03, 2014, 12:37:40 AM
June 03, 2014, 12:35:59 AM
Heavily involved miners is my guess... because it certainly isn't enough to cause a panic.
Would be nice to break $700 today. Happy Tuesday guys.
Would be nice to break $700 today. Happy Tuesday guys.
June 03, 2014, 12:34:31 AM
Why would you dump right now?
c'mon dude, you know how it is,
when you gotta dump, you gotta dump!
June 03, 2014, 12:33:56 AM
Why would you dump right now?
profit taking?
bear foolishness?
June 03, 2014, 12:31:53 AM
Why would you dump right now?
June 03, 2014, 12:18:14 AM
Haha oh wow...
When the LINEAR graph starts looking amazing too, you know it's time!
When the LINEAR graph starts looking amazing too, you know it's time!
The linear graph is more dramatic than the log graph....I literally think you have this the wrong way around.
Also...
choo
Huh, I thought since the logarithmic graph pushes lower prices to a higher visual position that it made the lower prices look "better". I'm a newbie at all this so I know I could be completely wrong.
Also 680!!!
If you go up steadily at a linear pace, a linear graph will show a straight line from the origin. If you represent this logarithmically it will look like a curve tapering off, like the creation rate of bitcoin curve looks (on a linear graph).
A straight line on a LOG graph looks like an insane upward bending curve when displayed on a linear graph.
Therefore, patterns look less extreme on a log graph than on a linear graph and we can do a whole jump up on a linear graph and the log graph won't look that impressive.
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