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

[adamstgBit]

stay tuned and find out

shes gonna pop tonight i can feeeeel it

You have said that before.     Maybe you used different words, though?   

this time its different.

tonight is the night.

yes yes yes

up up up!

[Sandia]

1 trade in 19 minutes on Bfx.

[JayJuanGee]

As there is a good chance many of the asics are already run at a loss.  

This is statement is unfounded at all. Electricity could be very cheap in some part of China

Maybe it's real but I don't buy it. Especailly as if "secret" in China, it would send out a massive heat signature and the authorities would think they are growing cannabis in those buildings.  

So what? The police will just find a computer farm instead of a cannabis farm.

http://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=http://www.360doc.com/relevant/212102353_more.shtml&prev=/search%3Fq%3D%25E4%25B8%25AD%25E5%259C%258B%25E9%259B%25BB%25E5%258A%259B%25E6%2588%2590%25E6%259C%25AC%26client%3Dfirefox-a%26hs%3Dzmj%26rls%3Dorg.mozilla:en-US:official%26channel%3Drcs

1.00 USD    =    6.14322 CNY

1 CNY = 0.16 cent

very low cost electricy in china is about 0.5 CNY (8 cent per KW/h)

even if the price of EQ is $2000 per TH and it the most effienet machine @ 0.7 watts per GH then it's still run at a loss and at current rates would never break even.  Even if the EQ was free, and it's the most efficient Asic available it would still only be making $12 a month by December (at current difficulty increase).   Similar conditions (only more extreme) than October last year.  BTC is very undervalued.


As for the authorities, finding such an operation I suspect the tax man might be interested, I doubt they would just walk away after finding a 1/4 of a billion $ setup.  

Didn't you used to be a bear or at least frequently making bearish type comments?    Have you converted, or am I getting you mixed up with some other poster?

There was a point i thought it was game over for crypto.  around the time of the malleability and the gox balls up.  But I feel that it's moved on from there.  

I certainly not bearish at the moment.

Welcome... hopefully we are going to get a rise out of this BTC thingy - magiggy in the coming months to justify your current non-bearish inclinations. 

I am sure that there will be future moments that you will be able to put your bear cap back on, again.. but it would be nice to experience some price rise first, before you revert back, even if only temporarily.

[ChartBuddy]

Explanation

[Newbie1022]

I am a skeptic and I'd say now is the time to buy. Although it is somewhat priced in already, GABI is supposed to begin spending starting on September 1st. Therefore, it is hardly surprising that there'd be a slew of walls keeping the price within a narrow range while not doing enough to damage the Bitcoin brand in the days leading up to the first. It's just manipulation, they want to f--- you as much as they can while they still can, and they want to buy in at as cheap a price as possible.

In the mid-term, I am much more pessimistic on the implications of increased regulation at this point. The regulators say nice things and then f--- us. They will probably do that even more as the world economy softens. Bitcoin is too transparent and too pop now for us to play down regulation. So, 2015 does not look very promising.

But right now, Jesus Christ, buy buy buy buy.

[Newbie1022]

Also, the past few days, albeit less so today due to arbitrage and normalizing, China's prices have been running about $5 - $10 hotter than Western exchanges. China pulls the price, not the West. Ergo, I can dingo and we are about to get quite a healthy bounce in the next few days.

[adamstgBit]

I am a skeptic and I'd say now is the time to buy. Although it is somewhat priced in already, GABI is supposed to begin spending starting on September 1st. Therefore, it is hardly surprising that there'd be a slew of walls keeping the price within a narrow range while not doing enough to damage the Bitcoin brand in the days leading up to the first. It's just manipulation, they want to f--- you as much as they can while they still can, and they want to buy in at as cheap a price as possible.

In the mid-term, I am much more pessimistic on the implications of increased regulation at this point. The regulators say nice things and then f--- us. They will probably do that even more as the world economy softens. Bitcoin is too transparent and too pop now for us to play down regulation. So, 2015 does not look very promising.

But right now, Jesus Christ, buy buy buy buy.

GABI wouldn't be buying in, if it was not for regulations, tho.

irony?

[Newbie1022]

I am a skeptic and I'd say now is the time to buy. Although it is somewhat priced in already, GABI is supposed to begin spending starting on September 1st. Therefore, it is hardly surprising that there'd be a slew of walls keeping the price within a narrow range while not doing enough to damage the Bitcoin brand in the days leading up to the first. It's just manipulation, they want to f--- you as much as they can while they still can, and they want to buy in at as cheap a price as possible.

In the mid-term, I am much more pessimistic on the implications of increased regulation at this point. The regulators say nice things and then f--- us. They will probably do that even more as the world economy softens. Bitcoin is too transparent and too pop now for us to play down regulation. So, 2015 does not look very promising.

But right now, Jesus Christ, buy buy buy buy.

GABI wouldn't be buying in, if it was not for regulations, tho.

irony?

Irony happens. I'd rather we not have the regulation nor GABI... but it is still a short-term positive at least. I really dislike these Wall Street manipulating a--holes, though.

[Junkbarman]

What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?

[Newbie1022]

What exactly is that whale with the 1300+ wall trying to do? Keep prices down?

Yes. Otherwise GABI can't brag to investors about their 30% profit in a short period of time. Think of it like good sex... the longer you hold the greater the release.

[Junkbarman]

What exactly is that whale with the 1300+ wall trying to do? Keep prices down?

Yes. Otherwise GABI can't brag to investors about their 30% profit in a short period of time. Think of it like good sex... the longer you hold the greater the release.

I take it this GABI thing is about to happen? I don't know all these people. For some reason my mind keeps thinking this is a football(soccer) player

[adamstgBit]

finally a dump, time to move up! 

[falllling]

finally a dump, time to move up!  

dump 1.5k coins more and break into $4xx

[derpinheimer]

What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?

They sold 400+ already. It's real.

[falllling]

What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?

They sold 400+ already. It's real.

of cause it's real, get ready for the rest 2-3k dumps

[Junkbarman]

What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?

They sold 400+ already. It's real.

of cause it's real, get ready for the rest 2-3k dumps

I currently have 0 skin in this game, could care less.

[JayJuanGee]

Okay, okay. What do you guys want, Cheap coins or the price to rise? With my luck whatever my next move is the price will do the opposite. If I buy, price will drop. If I sell the price will rise. Lets take a poll Nightowlace should buy or sell?

Nightowlace should ...............


HODL!

[ChartBuddy]

Explanation

[JayJuanGee]

What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?

They sold 400+ already. It's real.

of cause it's real, get ready for the rest 2-3k dumps

I currently have 0 skin in this game, could care less.

Why are you posting here, then?

[Krabby]

hodl pls.