Yet another analyst :)

[smoothie]

Someone would only cover if they truly believed the price would never come down to $13.00 in the next few months.

[adamstgBit]

Someone would only cover if they truly believed the price would never come down to $13.00 in the next few months.

right, but some might ride this rally and then short again. who knows.

[proudhon]

Someone would only cover if they truly believed the price would never come down to $13.00 in the next few months.

Seems like a pretty sure bet to me that the price will come down to $13.00 in the next few months.

[smoothie]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

[lebing]

Bulls make money, bears get left behind. But pigs... Pigs just get slaughtered

Fixed that for you

/patting myself on the back

[lebing]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

[smoothie]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

[lebing]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

[cypherdoc]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

[smoothie]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

I'm curious how many paid in BTC. Now that is less BTC available on the market. That's just the other side of the coin. Recouping costs of $30k per mini rig is going to be #1 priority once people get their ASICS...i mean IF.

[cypherdoc]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

I'm curious how many paid in BTC. Now that is less BTC available on the market. That's just the other side of the coin. Recouping costs of $30k per mini rig is going to be #1 priority once people get their ASICS...i mean IF.

BY FAR most paid with cc.  Tom, i believe, said over 90-95% of his orders were with cc.  i know i paid with cc purposely so as to have a 60 d window with which to dispute in case of a problem.  i estimated over $2M orders for asic's had been placed that is locked up in preorders.  that's all bull money.

[smoothie]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

I'm curious how many paid in BTC. Now that is less BTC available on the market. That's just the other side of the coin. Recouping costs of $30k per mini rig is going to be #1 priority once people get their ASICS...i mean IF.

BY FAR most paid with cc.  Tom, i believe, said over 90-95% of his orders were with cc.  i know i paid with cc purposely so as to have a 60 d window with which to dispute in case of a problem.  i estimated over $2M orders for asic's had been placed that is locked up in preorders.  that's all bull money.

It is not all bull money.

It's all money "invested" hoping to turn a profit. No one cares which way the price goes....as long as they can profit from it.

It is all PROFIT-chasing money.

[cypherdoc]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

I'm curious how many paid in BTC. Now that is less BTC available on the market. That's just the other side of the coin. Recouping costs of $30k per mini rig is going to be #1 priority once people get their ASICS...i mean IF.

BY FAR most paid with cc.  Tom, i believe, said over 90-95% of his orders were with cc.  i know i paid with cc purposely so as to have a 60 d window with which to dispute in case of a problem.  i estimated over $2M orders for asic's had been placed that is locked up in preorders.  that's all bull money.

It is not all bull money.

It's all money "invested" hoping to turn a profit. No one cares which way the price goes....as long as they can profit from it.

It is all PROFIT-chasing money.

that's not true.  you and i are both miners, right?  if someone asked us if we would rather see the price of Bitcoin rise or fall while we were mining and irrespective of whether or not we are sellers of Bitcoin immediately upon being mined or are hoarders of Bitcoin after they are mined, what would our answers be?

we would/should say that we would rather see the price rise during the mining since that would guarantee us the "profits" you speak of.  a falling price would disrupt those profits.

[lucif]

Hey lucif, did you cover yet?  

On track

I just leave it here.

[lucif]

holy shit

[smoothie]

Longer term price will go higher. Just right now IMHO with all the bullshit going on with major btc services and vendors (also recent fails with BTCST and GLBSE)....and the late availability of the newly anticipated ASIC hardware (BFL fail). I can see many getting tired of the tons of bullshit surrounding the bitcoin economy right now. People have bills to pay and costs to recoup on hardware expenses etc.

that was the last few months after the 15.50 dump. Post wordpress (to some degree block halving) is def the largest factor in the market right now

Dont be too sure that the debacles of the past few months are "done" affecting the market. BFL is holding millions in customer funds for a product that does not exist...

Even if BFL takes all of their money (which is not going to happen anyway), I fail to see why that would be an issue for the price. People would lose the fiat/ coins that they put into it, but would just continue with the existing rigs.

or if they get their money returned they then plow it directly into Bitcoin.  remember, these are bulls essentially.

I'm curious how many paid in BTC. Now that is less BTC available on the market. That's just the other side of the coin. Recouping costs of $30k per mini rig is going to be #1 priority once people get their ASICS...i mean IF.

BY FAR most paid with cc.  Tom, i believe, said over 90-95% of his orders were with cc.  i know i paid with cc purposely so as to have a 60 d window with which to dispute in case of a problem.  i estimated over $2M orders for asic's had been placed that is locked up in preorders.  that's all bull money.

It is not all bull money.

It's all money "invested" hoping to turn a profit. No one cares which way the price goes....as long as they can profit from it.

It is all PROFIT-chasing money.

that's not true.  you and i are both miners, right?  if someone asked us if we would rather see the price of Bitcoin rise or fall while we were mining and irrespective of whether or not we are sellers of Bitcoin immediately upon being mined or are hoarders of Bitcoin after they are mined, what would our answers be?

we would/should say that we would rather see the price rise during the mining since that would guarantee us the "profits" you speak of.  a falling price would disrupt those profits.

1. I stopped mining in October 2011.
2. Well...your point is moot given not everyone is a miner.
3. Some miners sell and buy back and trade too so there is another batch you left out.
4. Profit has different time frames. Some may sell now and some later. Who is to know exactly how much. I just foresee many miners who spent a ton of cash/bitcoins buying ASIC hardware selling their produced bitcoins for fiat to recoup costs, buy more hardware to have a bigger piece of the total network hash rate, or paying bills to run the rigs.

So perhaps we are both right. I shouldn't have said "it's all profit money"....ideally I believe this but some people invest in hardware or bitcoins directly to lose money right?...lol oh waitt....nevermind. hehehe

[lucif]

holy shit

[lucif]

I got a picture here that may break all my figures.

This is total holy shit.

Will wait some days to show it. sha256sum of png file is
ec49655328e018d19b2e0f4c1867668f7f9a5e7b2c37e7ef4bd96c4e5c78c555

1240 on track still though.

[adamstgBit]

let me guess...

 

[lucif]

You may quote my hash to ensure i will not edit it.

This is something huge.