121 wall got destroyed!!!
It was total termination, hehe 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33815. (Read 26499147 times)
May 02, 2013, 02:42:27 AM
May 02, 2013, 02:41:08 AM
121 wall got destroyed!!!
May 02, 2013, 02:32:38 AM
Off-topic slightly but LTC and NMC seem to have done very well before, during and after the latest BTC dive.
May 02, 2013, 02:30:21 AM
at this point the network rate is so high that people aren't going to be making many coins anymore with ASIC. HAving an ASIC is like GPUS a year ago, and people weren't desperate to sell then either.
I believe that
1. Most miners have held their coins since January. Recent trends might make them want to dump the 100k coins produced since.
2. Not profitable for a western individual miner (exception made for Icelanders who have near-free energy) but in the short term very profitable for Chinese people with know-how or for businesses and loaded tycoons who can buy the chips from Avalon in batches of 10000 or build their own.
Sent from my phone sorry for spelling errors
May 02, 2013, 02:29:32 AM
I guess whoever the manipulator is, he make his moves when everyone's asleep.
Or people just got bored of the price lol.
Or people just got bored of the price lol.
May 02, 2013, 01:50:43 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
True, but at this point the network rate is so high that people aren't going to be making many coins anymore with ASIC. HAving an ASIC is like GPUS a year ago, and people weren't desperate to sell then either.
May 02, 2013, 01:28:47 AM
price will rise because BLF delivered and is not a scam, i'm sure everyone that pre-ordered BLF now has a big weight lifted off their shoulders. yet another amazing thing bitcoin has accomplished in only 3 years time.
good vibes = price increase.
I hope you are right
The weight won't be lifted off of my shoulders until I have my units hashing, and the price is of bitcoin is above 0. I have a June order, and have a pretty decent chance of doing alright, unlike people ordering now, thinking they are going to make out like bandits only to find the network will be 2 Ph/s + by time they get their devices, they will not be happy . . .
May 02, 2013, 01:20:48 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
Maybe 10% or 20% increase as difficulty adjusts. An extra 360 coins a day will do nothing. Also, the network already quadrupled, leading to the same sort of oversupply. The next quadrupling will actually take longer than the last one, and as slow as BFL is shipping, difficulty will be able to adjust just fine to limit supply.
price will rise because BLF delivered and is not a scam, i'm sure everyone that pre-ordered BLF now has a big weight lifted off their shoulders. yet another amazing thing bitcoin has accomplished in only 3 years time.
good vibes = price increase.
May 02, 2013, 01:08:34 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
Maybe 10% or 20% increase as difficulty adjusts. An extra 360 coins a day will do nothing. Also, the network already quadrupled, leading to the same sort of oversupply. The next quadrupling will actually take longer than the last one, and as slow as BFL is shipping, difficulty will be able to adjust just fine to limit supply.
May 02, 2013, 01:08:28 AM
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.
Not quite how it works...
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.
Correct.
May 02, 2013, 01:03:48 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
May 02, 2013, 01:00:24 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
May 02, 2013, 12:53:01 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
May 02, 2013, 12:42:07 AM
Butterfly labs officially announced shipping... prepare for the bullrun!!
or not...
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.
May 01, 2013, 11:23:09 PM
Second rule of Bitcoin: never go to sleep.
May 01, 2013, 10:51:24 PM
So we nearly tested 150... are we going to nearly test 100 now?
May 01, 2013, 10:40:26 PM
ah perhaps someone post some charts, that could relax the mood...and really get some objective discussions going
Charts, you say?
May 01, 2013, 10:36:30 PM
bear markets make people really unhappy
also tons of newbies who haven't acclimated to etiquette and such. i'm not surprised proudhon left 
I believe his final words were "My work is done here"
May 01, 2013, 10:19:12 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.
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.
May 01, 2013, 10:18:11 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.
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
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