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

[heartastack]

Fwark - there she blows

[rebuilder]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Mining costs do not drive BTC price, BTC price drives mining costs.

[Sandia]

The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.

Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

The market and the technology are different things.
I believe in the technology, but the market is suicidal.  The game of dumping the price down lasted $100 too long, and everyone waits for an ever cheaper price instead of buying.  We are conditioned that buying means immediately losing money.  Look how many Hero posters in this thread on still sitting on their fiat, waiting for "cheap" coins.

As I posted before, game theory says someone will always keep dumping to make a profit on driving other people out of the market.

340 is just my make or break number.  If it goes below 340, it will go off a cliff. We are down to 395 now.

[Newbie1022]

392 wasn't the bottom. It wasn't nearly dramatic enough. But, I do think the bottom is getting much, much, much closer. 350s range.

[magicmexican]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

[Unacceptable]

Come on $100 !!!!!!!!  Let's see how long it takes KnC & the other corps to close their datacenters 

Hope it stays down for months..................   

[TeeBone]

The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.

Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

The market and the technology are different things.
I believe in the technology, but the market is suicidal.  The game of dumping the price down lasted $100 too long, and everyone waits for an ever cheaper price instead of buying.  We are conditioned that buying means immediately losing money.  Look how many Hero posters in this thread on still sitting on their fiat, waiting for "cheap" coins.

As I posted before, game theory says someone will always keep dumping to make a profit on driving other people out of the market.

340 is just my make or break number.  If it goes below 340, it will go off a cliff. We are down to 395 now.

If 340 doesnt hold, bitcoin is done for this year and next. Maybe never coming back.

[heartastack]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

No, this is a speculation thread. It's more like pub talk for traders. Clearly some people shouldn't be here, especially the new-age emotional types  

[AirFlame]

I think we have hit bottom and the ball have bounce from it. So now only up or will be holding the price for next big dump. Hope it will still bounce.

[serpicodk]

Funniest thing is that holders on this thread were screaming that 800$ is cheap   Bitcoin is completely overbought...

[kurious]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

No, this is a speculation thread. It's more like pub talk for traders. Clearly some people shouldn't be here, especially the new-age emotional types  

Yeah - but some of them do a mean dinosaur pimp-up... 

[heartastack]

I think we have hit bottom and the ball have bounce from it. So now only up or will be holding the price for next big dump. Hope it will still bounce.

Man, whoever cracked those stops needs a break and a fake rally. You may be right, but even I don't have the balls to bet on this cat being live

[itod]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Mining costs do not drive BTC price, BTC price drives mining costs.

This is true in majority of cases where BTC price is not close to mining costs. When the price collides with mining costs, BTC price can not go below so it interferes with the mining process lowering difficulty as unprofitable miners are turned off.

[MoreFun]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

I am not sure 100%, but you were one of these helpers few days ago, weren't you? You bought yesterday or what?

[Newbie1022]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

Hahahahahaha. Well, what do you figure, mate?

[kurious]

Funniest thing is that holders on this thread were screaming that 800$ is cheap   Bitcoin is completely overbought...

I beg to differ.

[JayJuanGee]

Good morning, it feels good sleeping without owning any Bitcoin these days.... regarding the price, I think we will see the real panic when we hit 3xx, people still wish/think this is the bottom but when we hit that 3xx, I think  it is where people's dreams start crashing.

Yes... what a gloater!!!

[magicmexican]

Faith in humanity is restored, look at all these nice people trying to help you with your money. And all out of a complete selfless interest, they are just trying to be nice and warn you.

I am not sure 100%, but you were one of these helpers few days ago, weren't you? You bought yesterday or what?

Pretty sure your info is wrong. I never tell people what to do, because i dont care about what people do with their money. Neither do i trade btc for $

[Newbie1022]

Funniest thing is that holders on this thread were screaming that 800$ is cheap   Bitcoin is completely overbought...

I beg to differ.

400 cracked with ease. Nobody has the stomach right now. I think that last leg was a little on the severe side, but now that we are consolidating around the $395 to $405 range it seems the market is accepting there is another leg or two to go. I think we'll get a flash crash and then we'll know where the bottom is. I don't think it is something anybody will have to "call." With a move like this, when the bottom is set, you'll know. You just have to possess the balls to buy back in once the flash crash happens and not second guess whether another one may happen. One flash crash (maybe two if both BTC-e and BFX blow) and then we're done. Then just sit back and enjoy life.

[sgk]

I wonder where falllling is right now