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

[WeltMaster]

haha yeah of course, 05:30 GMT 22/12

I'm talking about the 2k~ buys on a lot of the exchanges within a really small time.

Was there news out or a big bull run ?


Looks like one is happening 

[findftp]

You Bitcoiners ready for some moon?  Everyone aboard and strapped in?

I'm ready for exactly 333 moons

Dammit I was close. (not only close, but motherfuckin' spot on)
I totally screwed up.
I fucked up every trade.

Must. Get. Rid. Of. The Fear.

and. emotion.

Let's get ready for 252.

fuck it

Motherfuck, bitstamp did it. But I'm trading at finex. I fucked up anyway.

I'm a poor bastard. If you like my comment you can donate to 1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3 My total stack is <25 BTC

I'm getting sick and tired of this 333 stuff.
Can we please skip this part and drop to 270 already?

[Miz4r]

Do I see a bullish sandwich on the daily chart? Hold onto your hats gentlemen the train is about to leave this station...

[molecular]

I'm getting sick and tired of this 333 stuff.
Can we please skip this part and drop to 270 already?

I'm getting sick and tired of this 333 stuff.
I'm sick of bouncing off and think we should blast through instead.

I know there's a little bull inside you... let it grow. Nourish it, so it can take over. A time will come when the bear must let go.

[spooderman]

roll on 2015.

[findftp]

I'm getting sick and tired of this 333 stuff.
Can we please skip this part and drop to 270 already?

I'm getting sick and tired of this 333 stuff.
I'm sick of bouncing off and think we should blast through instead.

I know there's a little bull inside you... let it grow. Nourish it, so it can take over. A time will come when the bear must let go.

My bull will be released around january 14th. I'll go all in, whatever price.

[Karpeles]

I'm getting sick and tired of this 333 stuff.
Can we please skip this part and drop to 270 already?

I'm getting sick and tired of this 333 stuff.
I'm sick of bouncing off and think we should blast through instead.

I know there's a little bull inside you... let it grow. Nourish it, so it can take over. A time will come when the bear must let go.

My bull will be released around january 14th. I'll go all in, whatever price.

Why not now?

[findftp]

I'm getting sick and tired of this 333 stuff.
Can we please skip this part and drop to 270 already?

I'm getting sick and tired of this 333 stuff.
I'm sick of bouncing off and think we should blast through instead.

I know there's a little bull inside you... let it grow. Nourish it, so it can take over. A time will come when the bear must let go.

My bull will be released around january 14th. I'll go all in, whatever price.

Why not now?

Because I'm a greedy motherfucker with too little coins (<10).
I want to buy them cheap for maximum profit.
I think price will get below 275 for a brief moment in time.
My buy orders will be there.
If I miss it, I will panic buy and fuel the bubble which will bring us to 1 gazillion USD/BTC and will be happy as well.

[ChartBuddy]

Explanation

[pjviitas]

Another thing to take note of (apart from it's Christmas) is the difficulty chart. It went down 4% and the trend is still ''down''. It seems we somehow found a way to an equilibrium.

https://blockchain.info/el/charts/difficulty

It's obvious that bitcoin miners are minting at very low % of profit.
The bigger ones try to hold as much as they can to seel in "pumps" like the one that we've seen before. The others just shut-off their rigs to don't pay more in electricity than what they really earn.

Could be interesting to have the testimonial of some miners and know if they hold or sell all their minted btc's  

I often hear "only large industrial size mining farms can be profitable"

This sentiment gets repeated until it is largely accepted as "fact".

But a home miner does not need to lease a large factory space or airplane hangar, and in the winter the electricity is effectively free. So I think the small miners can still compete by virtue of having lower overhead costs.

As an example, my cost right now is approximately $100 per bitcoin mined, and I don't sell any.

Other miners please feel free to chime in...

$100 per coin including your hardware costs?

I call bullshit with a capital B

[BlindMayorBitcorn]

Another thing to take note of (apart from it's Christmas) is the difficulty chart. It went down 4% and the trend is still ''down''. It seems we somehow found a way to an equilibrium.

https://blockchain.info/el/charts/difficulty

It's obvious that bitcoin miners are minting at very low % of profit.
The bigger ones try to hold as much as they can to seel in "pumps" like the one that we've seen before. The others just shut-off their rigs to don't pay more in electricity than what they really earn.

Could be interesting to have the testimonial of some miners and know if they hold or sell all their minted btc's  

I often hear "only large industrial size mining farms can be profitable"

This sentiment gets repeated until it is largely accepted as "fact".

But a home miner does not need to lease a large factory space or airplane hangar, and in the winter the electricity is effectively free. So I think the small miners can still compete by virtue of having lower overhead costs.

As an example, my cost right now is approximately $100 per bitcoin mined, and I don't sell any.

Other miners please feel free to chime in...

$100 per coin including your hardware costs?

I call bullshit with a capital B

Somebody had to

[tarmi]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

[findftp]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

So why is hashing rate dropping then?

[Fatman3001]

$58 excluding HW,

[Fatman3001]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

So why is hashing rate dropping then?

If you buy HW now it won't pay itself back before the next gen of machines are available.

Edit: + electricity prices vary alot. People in countries like Germany, the Benelux countries and many others have turned off their machines by now.

http://shrinkthatfootprint.com/average-electricity-prices-kwh

I pay 4 cents/kwh

Edit 2: I double checked, it's actually less than 4 cents.

[tarmi]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

So why is hashing rate dropping then?

maybe some noobs didnt do their homework and have expensive electricity.

I dont care really.

[BlindMayorBitcorn]

$58 excluding HW,

You are all losing to Fatman 

[tarmi]

$58 excluding HW,

You are all losing to Fatman 

if true, he is paying for 1 kW 0.04 $.

not bad.

[BlindMayorBitcorn]

$58 excluding HW,

You are all losing to Fatman  

if true, he is paying for 1 kW 0.04 $.

not bad.

No wonder the nosedive continues. They're cheap to make

[Eric Cartman]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

So why is hashing rate dropping then?

maybe some noobs didnt do their homework and have expensive electricity.

I dont care really.

Expensive electricity and/or expensive hardware(imported stuff with taxes) and/or taxes.

How much left after taxes.

If you ever bother with them at all.