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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26370376 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Its About Sharing
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June 27, 2013, 09:25:20 PM
 #19101

Just a note, on Bitcoin.de the number of coins for sale is usually around 4000 or so. It is now at 5,500. I've never seen it so high...
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derpinheimer
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June 27, 2013, 09:27:10 PM
 #19102

Mr. 125 ask walls seems to be intentionally pushing us down now. Some of his asks at 104.X9 have been pulled, as well as his 105.X9 asks, but he has "re-inforced" his previously partially eaten asks at 102.89 & .99, as well as put some new ones. -- one as low as 102.59.

Wonder if hes going to pull all of the asks and market order buy?
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June 27, 2013, 09:32:17 PM
 #19103

I do the same thing.

Spread my orders, go outside to get some sun.

If after a day or two only some positions have been eaten, reinforce them.
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June 27, 2013, 09:41:34 PM
 #19104

You wouldnt do it by beating your own asks by 10 cents even when the previous one was

1) The cheapest already
2) Being bought into

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June 27, 2013, 10:02:19 PM
 #19105

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June 27, 2013, 10:04:35 PM
 #19106

We seem to be getting closer to 100 again - wonder if there will be another big guy right before, putting is back in the 105-110`s. Would cost a whole lot of $$ this time, with current walls
wonkytonky
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June 27, 2013, 10:22:13 PM
 #19107

We seem to be getting closer to 100 again - wonder if there will be another big guy right before, putting is back in the 105-110`s. Would cost a whole lot of $$ this time, with current walls

true..

but the guys putting up them coins at ask side (looks like someone is trying to  silently make ask wall bigger with the 125 asks,) might not want to sell and will have to buy back at higher price .. if some big big guy starts buying it all up..

i have no idea these days though.;

i feel bullish for some reason..   there no logic to it..   lets hope i'm right Smiley
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June 27, 2013, 10:24:10 PM
 #19108

What happens to the ASIC mining industry if the price goes below 50?

Is it still sustainable? They (ASIC makers) operate at huge margin right now.. right?
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June 27, 2013, 10:26:10 PM
 #19109

Yeah, its still profitable to run them at a $50 exchange rate. GPU miners will probably shut down though - helping slow the rate of difficulty increasing, and helping out the ASICs a bit.
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June 27, 2013, 10:31:49 PM
 #19110

Yeah, its still profitable to run them at a $50 exchange rate. GPU miners will probably shut down though - helping slow the rate of difficulty increasing, and helping out the ASICs a bit.

I disagree on that. I'm certain all currently ordered miner devices would instantly become unprofitable.

I was talking more about ASIC companies themselves. Can they handle a correction; fabricate and sell at a 50% discount and remain profitable?
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June 27, 2013, 11:00:25 PM
 #19111

Yeah, its still profitable to run them at a $50 exchange rate. GPU miners will probably shut down though - helping slow the rate of difficulty increasing, and helping out the ASICs a bit.

I disagree on that. I'm certain all currently ordered miner devices would instantly become unprofitable.

I was talking more about ASIC companies themselves. Can they handle a correction; fabricate and sell at a 50% discount and remain profitable?

Avalon has already made a fortune.

AM also already made their fair share and their recent cut in pricing (50% for USB Miners) shows that once R&D has paid off there's a rather wide margin.

BFL... well, lets not talk about BFL.

Metabank's Bitfury Miners are tacked to fiat.

Same for KncMiner.

Did I miss one?
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June 27, 2013, 11:02:19 PM
 #19112

Voodah
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June 27, 2013, 11:11:08 PM
 #19113

Less than 6k to 100 and dropping...
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June 27, 2013, 11:14:18 PM
 #19114

Less than 6k to 100 and dropping...
Downward pressure is growing [relatively] quickly. Its all on moderately low volume, but asks on 102 are moving down.

A 3k buy only pushes us up $1.
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June 27, 2013, 11:21:51 PM
 #19115

Someone's flexing his Bitcoin muscle.  Tongue

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June 27, 2013, 11:24:54 PM
 #19116

I just read the article about the DEA busting a silkroad dealer and how they "seized a sizable wallet containing 11.02 bitcoins"

I laughed.
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June 27, 2013, 11:27:44 PM
 #19117

Yeah, its still profitable to run them at a $50 exchange rate. GPU miners will probably shut down though - helping slow the rate of difficulty increasing, and helping out the ASICs a bit.

I disagree on that. I'm certain all currently ordered miner devices would instantly become unprofitable.

I was talking more about ASIC companies themselves. Can they handle a correction; fabricate and sell at a 50% discount and remain profitable?

Agree - "Can they handle a correction" - I don't think so.  
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June 27, 2013, 11:39:13 PM
 #19118

Here we go.  Grin
derpinheimer
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June 27, 2013, 11:39:52 PM
 #19119

Down we go! 100.10!

4k+ sell!
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June 27, 2013, 11:48:53 PM
 #19120

o_O
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