Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33599.

gizmoh

legendary

Activity: 1428

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Quote from: GeoRW on May 02, 2013, 01:42:07 AM

Quote from: Luis_GT on May 01, 2013, 06:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Coming of ASICs means just one ... selling pressure. People invested a lot into ASIC hardware and they need to cover the costs. The question is if there's still enough buyers to keep the price at these levels after all the news bitcoin-mania ended. We are in the bear market now. The price may slowly go downwards throughout the whole 2013 like it did after 2011 crash.

Agreed.I don't understand advocates who believe price will rise on new asics hardware. This can only lead to increasing daily coins supply, thus more selling pressure.

tHash

sr. member

Activity: 260

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Quote from: GeoRW on May 02, 2013, 01:42:07 AM

Quote from: Luis_GT on May 01, 2013, 06:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Coming of ASICs means just one ... selling pressure. People invested a lot into ASIC hardware and they need to cover the costs. The question is if there's still enough buyers to keep the price at these levels after all the news bitcoin-mania ended. We are in the bear market now. The price may slowly go downwards throughout the whole 2013 like it did after 2011 crash.

There will be no more selling pressure than there is now, the same 3600 BTC will be produced each day, and currently more than half of the network is probably ASICs that were purchased at a higher price than BFL's. Of course, there will be no bull run either . . . I will be in no hurry to sell my mined coins, unless the price shows itself to be in a continuous downtrend, in which case every miner will be selling, regardless of technology. The only comparison to 2011 is psychological, Bitcoin is in a very different place than it was in 2011. I would say that any downtrend will not last as long. The one risk we have, is the stupid manipulators, something is going to have to be done about them, what, is anyone's guess.

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

Quote from: GeoRW on May 02, 2013, 01:42:07 AM

Quote from: Luis_GT on May 01, 2013, 06:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Coming of ASICs means just one ... selling pressure. People invested a lot into ASIC hardware and they need to cover the costs. The question is if there's still enough buyers to keep the price at these levels after all the news bitcoin-mania ended. We are in the bear market now. The price may slowly go downwards throughout the whole 2013 like it did after 2011 crash.

I see this differently. There must be thousands of pre-paid orders to be filled, so no effect on btc price until new orders are pouring in
Further, price is tracking difficulty. As the difficulty zooms up towards and past 10 million the integrity of the Bitcoin network becomes phenomenally strong, dragging in more investors who might have been sitting on the sidelines worried about network security from hacking.

GeoRW

sr. member

Activity: 350

Merit: 257

Trust No One

Quote from: Luis_GT on May 01, 2013, 06:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Coming of ASICs means just one ... selling pressure. People invested a lot into ASIC hardware and they need to cover the costs. The question is if there's still enough buyers to keep the price at these levels after all the news bitcoin-mania ended. We are in the bear market now. The price may slowly go downwards throughout the whole 2013 like it did after 2011 crash.

Frozenlock

sr. member

Activity: 434

Merit: 250

Second rule of Bitcoin: never go to sleep.

nimda

hero member

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0xFB0D8D1534241423

So we nearly tested 150... are we going to nearly test 100 now?

Richy_T

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: hlynur on May 01, 2013, 10:51:05 PM

ah perhaps someone post some charts, that could relax the mood...and really get some objective discussions going

Charts, you say?

Richy_T

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: arepo on May 01, 2013, 09:53:34 PM

bear markets make people really unhappy Tongue

also tons of newbies who haven't acclimated to etiquette and such. i'm not surprised proudhon left Undecided

I believe his final words were "My work is done here"

Cheesy

underground_

full member

Activity: 123

Merit: 100

Quote from: adamstgBit on May 01, 2013, 11:12:28 PM

119 wall remains untested

just like the wall at 121 ( the wall that killed the bounce back ) this wall is purely manipulative, a few good hits and these walls will fall.

someone is using his scary walls to buy your asks on the low.

Someone's trying to get suckers to buy into his walls.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: adamstgBit on May 01, 2013, 11:12:28 PM

119 wall remains untested

just like the wall at 121 ( the wall that killed the bounce back ) this wall is purely manipulative, a few good hits and these walls will fall.

someone is using his scary walls to buy your asks on the low.

that's pretty much how the big sell off started, with that 5k wall that was coming up each few minutes

Well, that's it, good night/day/whatever people, keep my coins worthy please Grin

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: BitPirate on May 01, 2013, 09:49:18 PM

Quote from: TsuyokuNaritai on May 01, 2013, 09:10:25 PM

MtGox raided/shutdown by Friday...

...FUD story is being trolled about in btc-e and has already made it to the twitter churnalists. Don't normally see these get this amount of early traction. Hoping it won't go viral & affect the market. Roll Eyes

Dude, don't help it go viral. It's fucking CNN iReport -- user-generated content. The only difference between that and YouTube is that some people actually watch YouTube.

Nobody will fall for that shit, so don't worry.

+1 Why even post this dumb shit.

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

119 wall remains untested

just like the wall at 121 ( the wall that killed the bounce back ) this wall is purely manipulative, a few good hits and these walls will fall.

someone is using his scary walls to buy your asks on the low.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: y2kcamaross on May 01, 2013, 10:46:22 PM

Quote from: notme on May 01, 2013, 10:40:28 PM

Quote from: y2kcamaross on May 01, 2013, 10:38:30 PM

Ugh, this is the worst part about going to sleep, having to figure out what price I should place my buy orders

every 1% down to what you think might be the minimum price... adjust the size of the orders to invest as much as you want

That'd be helpful if I had any clue what the minimum price would be ;p

You'll never get that right, which is why you go to the extra effort to get a decent average price no matter where it bottoms.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: BitPirate on May 01, 2013, 09:50:22 PM

Quote from: arepo on May 01, 2013, 09:49:03 PM

Quote from: fitty on May 01, 2013, 09:36:52 PM

Thanks captain obvious. Nothing gets by you TA guys.

we don't have to be enemies... this is a community

i have nothing against you, fitty.

Agree, things are really breaking down in here.

this.

haven't visited new wall thread too often last days but it got really rough tones compared to the old one.
Why is that thread called hardcore again?
(reminds me of that well-known netexperience when you search a subject on some forum and instead of getting the wanted information you can scroll through a multiple page flamewar.
Nice for voyeuristic tendencies and analyzing social deficiency but useless for this thread!)
please chill the f**k out, here 's a flower (to stick in your hair) and discuss that stuff in some battlearenathread where you can speculate with your egos.

sorry for getting too groovy, where were we?
ah perhaps someone post some charts, that could relax the mood...and really get some objective discussions going

needmorecoins

member

Activity: 65

Merit: 10

Quote from: adamstgBit on May 01, 2013, 10:48:55 PM

I have clarkmood set to make a sound on every market order

now I'm waiting to hear what a bot fight sounds like Cheesy

I hope the green bot wins....

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

I have clarkmood set to make a sound on every market order

now I'm waiting to hear what a bot fight sounds like Cheesy

needmorecoins

member

Activity: 65

Merit: 10

bull run?

y2kcamaross

full member

Activity: 226

Merit: 100

Quote from: notme on May 01, 2013, 10:40:28 PM

Quote from: y2kcamaross on May 01, 2013, 10:38:30 PM

Ugh, this is the worst part about going to sleep, having to figure out what price I should place my buy orders

every 1% down to what you think might be the minimum price... adjust the size of the orders to invest as much as you want

That'd be helpful if I had any clue what the minimum price would be ;p

notme

legendary

Activity: 1904

Merit: 1002

Quote from: y2kcamaross on May 01, 2013, 10:38:30 PM

Ugh, this is the worst part about going to sleep, having to figure out what price I should place my buy orders

every 1% down to what you think might be the minimum price... adjust the size of the orders to invest as much as you want

420

hero member

Activity: 756

Merit: 500

420 tried to read the speculation thread, (like 10 pages for one day)

to figure out why the price is down to near $100

Sees a bunch of bickering and bullshit

I learned more from the BTC-e chat box. That there was a fake gox raid, and then somewhere about silk road down and back up

adam can we start banning people

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