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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33328. (Read 26498234 times)

newbie
Activity: 42
Merit: 0
Well good morning fellow bitcoiners, from the beautiful USA.  What are we thinking today guys?  Up, up, UP?   Grin

See: https://bitcointalksearch.org/topic/m.2349033

Cat or finger?

Did somebody dropped something on gox when coinseeker entered the forum?

Cat, i'm all about niceness now...
hero member
Activity: 826
Merit: 501
in defi we trust
Well good morning fellow bitcoiners, from the beautiful USA.  What are we thinking today guys?  Up, up, UP?   Grin

See: https://bitcointalksearch.org/topic/m.2349033

Cat or finger?

Did somebody dropped something on gox when coinseeker entered the forum?
newbie
Activity: 42
Merit: 0
Well good morning fellow bitcoiners, from the beautiful USA.  What are we thinking today guys?  Up, up, UP?   Grin

See: https://bitcointalksearch.org/topic/m.2349033
newbie
Activity: 42
Merit: 0
^ LOL

So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.

"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.


That's the problem with a currency based 95% on speculation. Nobody wants to buy any if there isn't money to be made.

Another treat, this one from Alexa:
http://s20.postimg.org/6rcn9mgu5/Capture.jpg
sr. member
Activity: 252
Merit: 250
Well good morning fellow bitcoiners, from the beautiful USA.  What are we thinking today guys?  Up, up, UP?   Grin
hero member
Activity: 1036
Merit: 524
^ LOL

So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.

"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.


That's the problem with a currency based 95% on speculation. Nobody wants to buy any if there isn't money to be made.
hero member
Activity: 826
Merit: 501
in defi we trust
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
^ LOL

So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.

"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.

hero member
Activity: 728
Merit: 500
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1428
Merit: 1000
Look at this graph?
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..
legendary
Activity: 2097
Merit: 1070
Look at this graph?
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 ?
N12
donator
Activity: 1610
Merit: 1010
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:

hero member
Activity: 826
Merit: 501
in defi we trust
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.

Lots of people will play hanging instead of satoshidice if the price goes below 50$.  Grin Grin
hero member
Activity: 728
Merit: 500
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.
legendary
Activity: 1106
Merit: 1026
Quote from: ChartBuddy


Wow lol so cruel! At least those 6k coins between 130-132 on Bitstamp didn't chase.

Support alive:


(Bitstamp)
hero member
Activity: 518
Merit: 500
Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?

I saw. It was fully eaten
member
Activity: 98
Merit: 10
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.
full member
Activity: 238
Merit: 100
Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
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