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1221  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 09:12:27 PM
Resistance to 700 keeps getting bigger Sad
The stronger the resistance, the more powerful the breakout  Wink

Yes, the wrong way i'm afraid.

The resistance actually isnt growing significantly
1222  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 05:43:22 PM
Breakout incoming in 3...2...1...  Cheesy
1223  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 04:40:26 AM


He gave up on trying to go to the moon, so hes bringing the moon to him? Hmm.. I think I see where this is headed.





btw when I wake up it better be fckin >$660, or things will happen!
1224  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 04:10:49 AM
Interesting post from Mining Spec forum.

When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days.

Recalculating over the period June 29, 2013 to June 29, 2014 it is 23.45% and 11.41 days.


Assuming the network growth rate over the next year is the same as it was this last year we get:

Code:
                                 Hash Rate    Power      Energy            Cost         Cost
     Date          Difficulty         TH/s       MW         MWh        $/Period        $/BTC
---------  ------------------  -----------  -------  ----------  --------------   ----------
10-Jul-14      20,762,587,053      148,627      149      40,687      $4,068,655       $80.73
21-Jul-14      25,631,656,286      183,481      183      50,228      $5,022,802       $99.66
02-Aug-14      31,642,579,140      226,510      227      62,007      $6,200,707      $123.03
13-Aug-14      39,063,133,629      279,629      280      76,548      $7,654,846      $151.88
25-Aug-14      48,223,894,840      345,205      345      94,500      $9,449,997      $187.50
05-Sep-14      59,532,961,579      426,160      426     116,661     $11,666,131      $231.47
16-Sep-14      73,494,136,594      526,100      526     144,020     $14,401,975      $285.75
28-Sep-14      90,729,370,258      649,476      649     177,794     $17,779,407      $352.77
09-Oct-14     112,006,467,575      801,786      802     219,489     $21,948,885      $435.49
21-Oct-14     138,273,292,794      989,814      990     270,962     $27,096,155      $537.62
01-Nov-14     170,699,995,402    1,221,937    1,222     334,505     $33,450,520      $663.70
12-Nov-14     210,731,138,613    1,508,495    1,508     412,951     $41,295,058      $819.35
24-Nov-14     260,150,052,591    1,862,255    1,862     509,792     $50,979,231    $1,011.49
05-Dec-14     321,158,279,258    2,298,976    2,299     629,345     $62,934,457    $1,248.70
17-Dec-14     396,473,647,839    2,838,112    2,838     776,933     $77,693,322    $1,541.53
28-Dec-14     489,451,350,262    3,503,683    3,504     959,133     $95,913,314    $1,903.04
08-Jan-15     604,233,410,162    4,325,337    4,325   1,184,061    $118,406,107    $2,349.33
20-Jan-15     745,933,204,108    5,339,679    5,340   1,461,737    $146,173,722    $2,900.27
31-Jan-15     920,863,255,215    6,591,897    6,592   1,804,532    $180,453,167    $3,580.42
12-Feb-15   1,136,816,447,014    8,137,773    8,138   2,227,715    $222,771,543    $4,420.07
23-Feb-15   1,403,413,185,274   10,046,176   10,046   2,750,141    $275,014,073    $5,456.63
06-Mar-15   1,732,529,973,307   12,402,122   12,402   3,395,081    $339,508,086    $6,736.27
18-Mar-15   2,138,828,493,208   15,310,564   15,311   4,191,267    $419,126,699    $8,316.01
29-Mar-15   2,640,408,762,814   18,901,071   18,901   5,174,168    $517,416,806   $10,266.21
10-Apr-15   3,259,615,465,609   23,333,592   23,334   6,387,571    $638,757,092   $12,673.75
21-Apr-15   4,024,033,374,406   28,805,592   28,806   7,885,531    $788,553,093   $15,645.89
02-May-15   4,967,716,213,515   35,560,840   35,561   9,734,780    $973,478,006   $19,315.04
14-May-15   6,132,703,703,449   43,900,273   43,900  12,017,700  $1,201,769,972   $23,844.64
25-May-15   7,570,894,370,329   54,195,400   54,195  14,835,991  $1,483,599,070   $29,436.49
06-Jun-15   9,346,357,550,986   66,904,854   66,905  18,315,204  $1,831,520,385   $36,339.69
17-Jun-15  11,538,187,590,255   82,594,824   82,595  22,610,333  $2,261,033,313   $44,861.77
29-Jun-15  14,244,027,380,899  101,964,275  101,964  27,912,720  $2,791,272,041   $55,382.38

In other words something has got to give by the end of the year, or actually before November 1

Hashrate bubble!! Its unsustainable!11!!11
1225  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: July 03, 2014, 02:57:57 AM
406XBT bought. This is the biggest buy in the past 2 months

 Cool

Lets hope this trend continues.
1226  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 01:35:21 AM
I think to some extent a panic sell is the only way to pick up a large amount of coins as there aren't too many walls.

6000 coins with just $50 slippage on bitstamp alone. Doesnt seem bad at all.
1227  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 01:30:50 AM
The price itīs stable and preparing to go above 700 in the next days.

I so want it to i just don't see it happening. So much resistance. People dump on any news. Good news does nothing. It's gonna be hard.

NO, UP!! Its all we will do.

Tonight we touch $660, tomorrow $10000..
1228  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 10:42:35 PM
Even though they refused to give the price, they did say, very carefully, they OFFERED MORE THAN ANY OTHER BIDDER. That is significant as it means there was no favoritism in the auction, for any reason.

However, its likely that they only payed ~$700.  

1229  Economy / Speculation / Re: Tim Draper to Do Press Conference about Winning Silk Road Auction 2pm PST on: July 02, 2014, 09:27:49 PM
Q: "How much did you pay"

A: "more than the other bidders"
1230  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 09:20:29 PM
Told not to talk about the security, if I understood correctly, by whom I do not know.
1231  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 09:19:12 PM

Not working at all though. They seriously didn't think this would draw a crowd?

Works for me

Off topic: Anyone would consider buying property like this after scoring big from bitcoin?
Grin http://www.propertyturkey.com/real_estate/626-purchase-esenyurt-istanbul-towers-pre-launch-prices

Looks like it will be the new dubai. Might get myself a 2 bed apt. for fun in the future Roll Eyes

Ok could you summarize as I can't get any of this fucked up press release. The might have $20-$25M to spend but they are a bunch of amateurs if this is the way they do a press release, seriously.

He keeps talking about how secure and revolutionary bitcoin is. Him and his crew seem uncomfortable and not totally knowledgeable about how bitcoin works.

They were talking about how it was secure and said they were told not to talk about it (Huh)
1232  Economy / Speculation / Re: Tim Draper to Do Press Conference about Winning Silk Road Auction 2pm PST on: July 02, 2014, 09:09:04 PM
http://pando.com/2014/07/02/awww-no-one-else-has-shown-up-to-tim-drapers-press-conference-about-his-bitcoin-win/
1233  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 08:58:32 PM

Havent a clue, but it seems to be the reason, does it not?
1234  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 08:56:32 PM
Dumpers because: http://www.followthecoin.com/tim-draper-press-conference-winning-silk-road-auction/

Huh?
1235  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 04:31:58 PM
>800 next week I guarantee it, not kidding.

Do I get 1,000,000 Satoshis if you are wrong? Cheesy
1236  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 03:55:56 PM
We're again flirting with this level but will we be able to break through resistance this time.........

I think so too.
1237  Economy / Speculation / Re: What block for the 30,000 bitcoin transfer? on: July 02, 2014, 04:43:08 AM
They were doing it all in private and have split it up into 3000BTC lots, it was not one purchase.

Out of the loop? It was one purchase.
1238  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 01:18:08 AM
Dumps are getting harder..
1239  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 12:34:57 AM
Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5.. Huh

And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?

If you buy things with loaned money and the price drops sufficiently the loaner will sell it of for you (at your expense) as to not run any risk itself (because the price of the collateral dropped too much).

So basically someone got fcked over by their loaner? Why wouldnt the loaner try to get top dollar rather than market price dumping?
1240  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 12:30:28 AM
Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5.. Huh

And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?
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