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

[JayJuanGee]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

That's crazy!   You are attributing way too much credit to GOX, and in the end the bitcoin fundamentals are doing very well at the moment... much better than 2013.

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[ImI]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

[tarmi]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300.  

[SheHadMANHands]

weak bears, weak..

[tarmi]

those are not bears, but weak bulls closing their risky margin longs. you will know when papa bear is in the town. \

about huobi. just observe how many coins were needed to bring the price from 1700 to 900 and how many millions for a 50 $ rise.

[JayJuanGee]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300.  

Yes, if we do hit $300, you could again start shorting like a mofo, and good luck with that.  I'm sure you will find plenty of folks willing to take your coins at that price, once we get there

[ChartBuddy]

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Explanation

[tarmi]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300.  

Yes, if we do hit $300, you could again start shorting like a mofo, and good luck with that.  I'm sure you will find plenty of folks willing to take your coins at that price, once we get there

I admire your optimism, but I think there won't be many willing to take my coins for 300 bucks. it did work out the last two times, but this time I think the top will be much lower. maybe the top is already in. doesn't matter cause this time we will hit the rock bottom.

[chennan]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300. 

Yes, if we do hit $300, you could again start shorting like a mofo, and good luck with that.  I'm sure you will find plenty of folks willing to take your coins at that price, once we get there

I admire your optimism, but I think there won't be many willing to take my coins for 300 bucks. it did work out the last two times, but this time I think the top will be much lower. maybe the top is already in. doesn't matter cause this time we will hit the rock bottom.

lol... well, when that time comes (probably by next week or the week after) you can sell me yours. I'll be happy to pick up some spare coin you might throw to the bull riders. 

Just curious though, how many coins did you sell out?

[yolalanda]

...
What is the logic behind upgrading (investing in new gear) 'when things are as marginal as they are now'? Wouldn't it make more sense to simply keep the old gear running, with no additional investment, while it's making money?  

If you have paid for a 500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on, It makes a lot of sense to migrate to a more power efficient miner and turn your 500TH facility to a 1.5PH facility.

I see. New gear cost/downtime/teardown/buildout labor are all negligible; new gear always works as advertised and arrives on time.
Success assured!

BTW, while I'm on this positivity kick? Here's a thought: If not too late, those 'dutch and belgian mining operations with 20 cents per kw/h' shouldn't go out of business! My Simple Plan: preorder some new, more efficient gear & go with that new trend you've told me so much about, the one 'that involves not putting bitcoin mines in the tropic.'
You with me thus far?  It only gets better!

Yeah, we move that new gear right into a '500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on' but, get this, this is the disruptive bit -- will blow your black swan right out of the f8ckin' water & totally shift your paradigm.
Ready?
BONUS! Our new '500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on'? Located where they charge us  < 20 cents per kw/h!! PROFIT!
1. Sell 500 PSUs to some idiot who thinks mining is profitable.
2. ditto for lan cables/industrial fans etc.
3. strip out all the wiring/copper plumbing from 'facility,' sell to scrapper.
4. let the police and the tax man landlord miss you.

In all things mining, we must emulate our ideal: friedcat!

[dropt]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300.  

Sure you did. 

[tarmi]

lol... well, when that time comes (probably by next week or the week after) you can sell me yours. I'll be happy to pick up some spare coin you might throw to the bull riders.  

Just curious though, how many coins did you sell out?

in two weeks.  

if so, are you buying all the cheap coins right now? no point to buy at 300 if you can have them for 265.

just curious, how many are you willing to buy for 300? we can strike a deal right now.

[chennan]

lol... well, when that time comes (probably by next week or the week after) you can sell me yours. I'll be happy to pick up some spare coin you might throw to the bull riders. 

Just curious though, how many coins did you sell out?

in two weeks. 

if so, are you buying all the cheap coins right no? no point to buy at 300 if you can have them for 265.

just curious, how many are you willing to buy for 300?

I'm putting as much extra funds as I have into bitcoin as I can currently afford... but as of right now, unfortunately that's not much.  What I was getting at is that I think it would be dumb to sell out a lot of your bitcoins you have, when you can see a clear rally coming.  There has been so much progress and news out there of businesses starting to incorporate bitcoins, banks starting to look at the block chain (I know what your thinking, and no, they won't start there own crypto "coin"), more regulated and better exchange site platforms that allow major players to start buying crypto (Ex: gemini)... There won't be a Gox, because I don't believe there is or will ever be another Gox situation... at least I sure hope not.

[JayJuanGee]

keep dreaming, no fundamentals and no gox for another bubble of that scale. I think that after this comes final capitulation.

i am wondering that you are still posting here, last time we went to 300$ you disappeared for a few months and didn't dare to post again until we went under 230$.

took my massive profits off the table, yes. and I did short like a mofo at 300+, twice. now I am back for another round.

but this time I am not sure we will hit 300.  

Yes, if we do hit $300, you could again start shorting like a mofo, and good luck with that.  I'm sure you will find plenty of folks willing to take your coins at that price, once we get there

I admire your optimism, but I think there won't be many willing to take my coins for 300 bucks. it did work out the last two times, but this time I think the top will be much lower. maybe the top is already in. doesn't matter cause this time we will hit the rock bottom.

Yes, I think that you will be proved wrong in your pessimism within a few week - however, since I really do NOT claim to know too much about the short-term price prospects of BTC, it could take longer to play out.. and it is possible that we won't break $300 this time - but I am placing the odds to be pretty decent (better than 50/50) that BTC prices will break $300 within the next 8 weeks, and likely stay above $300 within the next 6-12 months - and surely, fairly sustainable prices in the $500s and greater have a decent chance too within the next 12 months.

[ChartBuddy]

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Explanation

[Bitcoines]

lol... well, when that time comes (probably by next week or the week after) you can sell me yours. I'll be happy to pick up some spare coin you might throw to the bull riders. 

Just curious though, how many coins did you sell out?

in two weeks. 

if so, are you buying all the cheap coins right no? no point to buy at 300 if you can have them for 265.

just curious, how many are you willing to buy for 300?

I'm putting as much extra funds as I have into bitcoin as I can currently afford... but as of right now, unfortunately that's not much.  What I was getting at is that I think it would be dumb to sell out a lot of your bitcoins you have, when you can see a clear rally coming.  There has been so much progress and news out there of businesses starting to incorporate bitcoins, banks starting to look at the block chain (I know what your thinking, and no, they won't start there own crypto "coin"), more regulated and better exchange site platforms that allow major players to start buying crypto (Ex: gemini)... There won't be a Gox, because I don't believe there is or will ever be another Gox situation... at least I sure hope not.

I recommend you to play with futures maybe start x10 to play safe and with a % of your BTC, and fully agreed BTC gets more legitimate by the minute hence more big players gaining trust to buy, nobody can tell for sure what will happen, what's for sure is that exciting times in Bitcoin and Crypto are coming.

[r0ach]

BITCOIN SHORTERS ALL KICKED TO DEATH

https://www.youtube.com/watch?v=E6UTz_Doic8

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[mexxer-2]

Price seems to be going downhill, what do you guys think? Can it remain stable at 265, or will it go entirely down to 230 because of a huge pump and dump?