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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21335268 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. (104 posts by 20 users deleted.)
grappa_barricata
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playing pasta and eating mandolinos


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January 12, 2015, 06:48:15 PM

...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
...

When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes Cheesy
You guys are logicians IRL, amirite?

Before price hit 0.01 somebody will buy 50% of the bitcoin in existence, cornering the market. Then you'll see what a pump looks like Smiley
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January 12, 2015, 06:49:11 PM

Bummer, the bear! Yeah. Shit Tongue
Probably because they're on my ignore list...! Grin Grin Grin

And trolls aren't?

You don't understand.  The whole thing was just an clumsy attempt to attract my attention, like an awkward teen lobbing spitballs at the girl he's crushing on.
I tactfully tried to ignore his unseemly advances, hoping that rassling with inca for my affections would tire him out, but now it's starting to get a bit out of hand...


A/S/L?  Grin
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January 12, 2015, 06:49:19 PM

...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
...

When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes Cheesy
You guys are logicians IRL, amirite?


like i said.. it seems we should have gained confidence after we almost got stamped and bitcoin barely moved down any.
you had the perfect storm opportunity to crash bitcoin on down and yet here we are still uncrashed to 0... barely moved.
i do not believe your scenario will happen before halving based upon this alone.
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January 12, 2015, 06:51:30 PM

It would just take one market buy on finex and the orderbooks looks stacked heavily in the favour of the bulls.
NotLambchop
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January 12, 2015, 06:54:53 PM

...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
...

When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes Cheesy
You guys are logicians IRL, amirite?


like i said.. it seems we should have gained confidence after we almost got stamped and bitcoin barely moved down any.
you had the perfect storm opportunity to crash bitcoin on down and yet here we are still uncrashed to 0... barely moved.
i do not believe your scenario will happen before halving based upon this alone.

A few things:
Stamp panic should have spiked coin prices as soon as stamp reopened.  BTC withdrawals were possible @ the time, fiat not so much.
I am not trying to "crash bitcoin on down," I enjoy observing the antics of Bitcoiners.



P.S: Do something.  Don't make me shake the box.
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January 12, 2015, 07:00:02 PM

Bitfinex

Bitstamp

Explanation
NUFCrichard
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January 12, 2015, 07:00:55 PM

It would just take one market buy on finex and the orderbooks looks stacked heavily in the favour of the bulls.
But the market keeps moving against us!  Well in the long run we will win Wink
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January 12, 2015, 07:21:33 PM

Small wall of 700 coins trying to hold 270 on finex.


And it is gone.

Hope we keep up 270 in the mid week
NotLambchop
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January 12, 2015, 07:26:00 PM

Cool




Too predictable, gentlemen.  Much like NASCAR & this market.
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January 12, 2015, 07:27:18 PM

Assuming that the mining hardware is paid off and have no added overhead than we are at a point that many miners will decide as to the usefulness of continued operations. .

Thank you.

So should we expect more bear market until the unprofitable miners are out and the leaner big players are all that remains? Then the next pump?

Edit: growing walls on both sides on finex.

NO. The supply will continue to be BTC3600 new coins generated daily, which will have to find its demand until halving in 2016. Regardless of hashrate and profitability of miners.
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January 12, 2015, 07:43:55 PM

Small wall of 700 coins trying to hold 270 on finex.


And it is gone.

Hope we keep up 270 in the mid week

And it's up to 272.5 on finex.
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January 12, 2015, 07:44:44 PM






RxIxP Chikun
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January 12, 2015, 07:54:05 PM

ChartBuddy
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January 12, 2015, 08:00:07 PM

Bitfinex

Bitstamp

Explanation
WeltMaster
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January 12, 2015, 08:00:57 PM

Where did all the volume go?

 Undecided
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January 12, 2015, 08:02:24 PM

People arent sure if the price is cheap or expensive at this point, so undecisive.........
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January 12, 2015, 08:03:40 PM

People arent sure if the price is cheap or expensive at this point, so undecisive.........

People are waiting the outcome from tomorrow's trial
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January 12, 2015, 08:05:36 PM


quality ...bitcoin will never die
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January 12, 2015, 08:08:27 PM

People arent sure if the price is cheap or expensive at this point, so undecisive.........

People are waiting the outcome from tomorrow's trial

What trial?
NotLambchop
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January 12, 2015, 08:10:15 PM

Where did all the volume go?

 Undecided

Where did it all go wrong?
Cry
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