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3961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 25, 2018, 01:07:58 PM
6 years later Gox is still fucking Bitcoin investors.  Will it ever end?


Was it the Gox sale? Any proof?
3962  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 25, 2018, 06:59:46 AM
Down to 6.4k area. Not a big deal. HODL bros!  Cool
3963  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 06:41:45 PM
Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.

Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call.

This is their last chance to stay afloat. And I guess the miner is far from production there's a lab sample at best. It's just a show off for investors and public...
3964  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 03:59:07 PM
6920 then 5200 then 6500 then capitulation around 3K in january 2019

With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply:
a) turn off the machines, or
b) stop dumping immediately what has being mined, making permanent bottom on break-even price level.

Guess which one is more likely to happen.

Bitmain just announced that it has finally developed a better ASIC chip. It will be 42J/TH. Bitfury also announce that they have a new ASIC chip which gets 55mW/GH. https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip. I put in some figures, and it appears at the current difficulty and 5 cents/kwH price in China, that brings the electricity cost down to less than $1,500 USD to produce 1 BTC. If the difficulty doubles, it will still be less then $3000 USD to produce a BTC. And I suspect some of the larger mining farms in China are getting a better deal than 5 cents/kwH. Therefore, the break-even floor is going to be lowered.
However, I really don't think BTC is going to go much below 5000 USD. After all, Bitcoin core just patched up a major bug that was present for almost 2 years, and the market responded like it was just noise.  Cheesy

Well it depends on the price tag on this new nextgen miner and taking into account it's productivity it won't be really given away for free  Grin 
3965  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 01:39:14 PM
6920 then 5200 then 6500 then capitulation around 3K in january 2019

LMAO thanks you made my day  Grin 3K coins muahahahaha
3966  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 10:21:18 AM
Ok it's time to resume the pump!  Cool Tongue
3967  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 02:25:12 PM


LMAO haha  Cheesy

That's HODLer's bag! Cause HODLers need balls to HODL  Grin
3968  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 01:19:41 PM
nám. Republiky 660/6, 110 00 Staré Město, Czech Republic?
3969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 12:59:08 PM
Lots of tourists, was going to say southern Europe but not much sun though. Grey square bricks and grey color in general makes me think of something more northern like Germany, Poland or perhaps even Sweden?  Roll Eyes
3970  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 10:04:30 AM
It's defo somewhere in Europe. Hard to say, need more pixels...  Huh
3971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 07:30:52 AM
Poooomp eeeeet! Get your rocket GIFs ready guys!   Cool
3972  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2018, 10:17:50 PM
Bears are getting smashed around. Not a good time to be a bear (but bulls aren't getting much either). Pigs get slaughtered. So HODL for the ordinary men.



#goodbearisadeadbear  Grin
3973  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2018, 10:16:43 PM
Nice lil pump! Hope we'll breach 7k soon.  Grin  #HODL
3974  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2018, 09:55:30 AM


Great tshirt but not as good as Vitalik's unicorn one  Grin Grin Grin
3975  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2018, 07:29:49 PM
Looks sweet, 6.5k incoming! Rocket gifs please!  Cool
3976  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 04:12:17 PM
It's like climbing mount Everest for weeks and then going down in a high speed elevator in minutes! Anyway, the best thing you can do is HODL!  Cool
3977  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 12:39:37 PM
Transaction pool is almost empty or? I've got this feeling inside atm:

3978  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 09:09:03 AM

It means he's a nocoiner or panic-sold low or a paid bear shill  Grin
3979  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 05:54:27 AM
4 hour chart looks ugly. Signaling a dump.

  • painfully low volume indicating a lack of enthusiasm at current prices
  • pair of dojis at the top signaling price reversals
  • overall short term price down trend



I doubt it there's going to be any major dump anytime soon.

1. Average Joes have sold BTC long ago (back in March-June)
2. The whales are not selling as they have bought from Average Joes all the way down. In fact they're waiting for an opportunity to pump
3. Miners/Jihan etc can't dump more they've already been dumping on a regular basis

So who can dump?

The only risk I see is the same old MtGox/Silk Road/Satoshi  Grin etc cashing out. But why would they sell the whole stash in one go?  

P.S. Forgot the good old FUD: US bans BTC or similar  Grin
3980  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 16, 2018, 09:25:44 PM
she went to This biggest shopping mall and came home almost empty handed ( like Just how she left) strange for a young sub 24year old female the world is turning around as with money and with womens ......

True HODLer spirit!  Cool
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