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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33144. (Read 26465521 times)
June 02, 2013, 10:12:47 AM
June 02, 2013, 10:02:16 AM
June 02, 2013, 09:56:50 AM
Look at this graph?
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7
LOL, it kind of looks like a hand with a outstretched finger pointing up.
Up, Up, Up ?
No, more like up was here..
June 02, 2013, 09:50:25 AM
Look at this graph?
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7
LOL, it kind of looks like a hand with a outstretched finger pointing up.
Up, Up, Up ?
June 02, 2013, 09:44:55 AM
Difficulty doesn't support price. Difficulty doesn't lead price. Why the hell would it? Have you checked out how the 2 variables behaved during 2011 and 2012?
The only relationship is that the price leads difficulty (minus more efficient mining technologies like ASICs).
In 2011, difficulty topped out two months after the price did:
The only relationship is that the price leads difficulty (minus more efficient mining technologies like ASICs).
In 2011, difficulty topped out two months after the price did:
June 02, 2013, 09:43:44 AM
but... but... next difficulty is like 15 million!
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
Lots of people will play hanging instead of satoshidice if the price goes below 50$.
June 02, 2013, 09:37:26 AM
but... but... next difficulty is like 15 million!
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
June 02, 2013, 09:30:43 AM
Quote from: ChartBuddy
Wow lol so cruel! At least those 6k coins between 130-132 on Bitstamp didn't chase.
Support alive:
(Bitstamp)
June 02, 2013, 09:13:36 AM
Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
I saw. It was fully eaten
June 02, 2013, 09:13:19 AM
Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
1k got eaten but mostly pulled... I think. Clarkmoody lagged hard for me.
June 02, 2013, 09:12:11 AM
Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
June 02, 2013, 09:11:45 AM
It's 9.12am in the US, I wonder how they'll react
June 02, 2013, 09:09:56 AM
So... where are the bears? Where is the weekend dip? I need someone to dump 27,8k btc so my buy order at $120 gets filled
Afterall it not was a fake bid wall at all, but a support wall. Some bull is protecting this inverison i think.
Afterall it not was a fake bid wall at all, but a support wall. Some bull is protecting this inverison i think.
Never , never , never , do this!
Hehehehe i was inciting bears
Anyway i bought at $120 and sell at $123 again, now i'm out at the moment with my play money. Looking at the weekly candles, midterm upward trend was broken with this last sell off.
That's what I was talking about! Do not feed the bears!
June 02, 2013, 09:07:45 AM
Hello $120
15:04:27 120.00000 94.29430724
Might as well say Hello to $115 soon 15:04:27 120.00000 94.29430724
June 02, 2013, 09:07:04 AM
weeeeee..
Any one notice there is no supporting wall..No big push ups..
Any one notice there is no supporting wall..No big push ups..
June 02, 2013, 09:06:58 AM
June 02, 2013, 09:05:12 AM
Hello $120
13:04:27 120.00000 94.29430724
13:04:27 120.00000 94.29430724
June 02, 2013, 09:02:20 AM
So... where are the bears? Where is the weekend dip? I need someone to dump 27,8k btc so my buy order at $120 gets filled
Afterall it not was a fake bid wall at all, but a support wall. Some bull is protecting this inverison i think.
Afterall it not was a fake bid wall at all, but a support wall. Some bull is protecting this inverison i think.
Never , never , never , do this!
June 02, 2013, 09:02:00 AM
June 02, 2013, 08:56:10 AM
People in this thread are so frickin' jumpy.
I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to desensitize yourself.
I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to desensitize yourself.
Good advice. I'm holding for this. If it goes to 0, I have a hell of a good story. Otherwise,
FYP
Heh, thanks but everyone who will likely read this post IS an early adopter.
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