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

[noobtrader]

I predict a correction over the weekend, but still hanging over $400 which is all good.

Where do you see the euphoria? On the contrary, I see a lot of people sold out their bitcoins and hoping for a correction to buy them back...

People sold at 30, 50, 100 and are still waiting to get their coins back. At some point, people selling at 100, 200, 300, 400, will have the same fate.

In other news:

Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   93,295,173,091 (+17.94%)

https://bitcoinwisdom.com/bitcoin/difficulty

wow i guess @ January difficulty could reach 120,xxx,xxx,xxx or doubled from the Oct-15

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[peonminer]

i got no more coins to sell  

Your GF's bank card is in the toilet bowl, under lid.
New PIN#: 1001
~$3.75 in her kid's piggy bank.
Look out the window. Dude smoking in the blue Camry is a crack BTC dealer, will set you up.
GL!

Lambie's got jokes. Looks like she went full fiat @$380.

i got no more coins to sell  

Right there with you. Sold my last coins when I was asleep. Now I have to wait for this to cool down.

i think a fast drop to 390 and bounce back to 410 is very probable.

My buy is set @ $425.00

Might move it to >< $420.00 . . .

Fux that. Nothing stops this train!

[noobtrader]

im not selling under 10000usd 

[dreamspark]

People sold at 30, 50, 100 and are still waiting to get their coins back. At some point, people selling at 100, 200, 300, 400, will have the same fate.

In other news:

Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   93,295,173,091 (+17.94%)

https://bitcoinwisdom.com/bitcoin/difficulty

Interesting indeed, has anyone any idea though how efficient this new gen of miners are that are clearly pushing the hash rate so high.

I.e is the cost of producing 1BTC actually getting higher

[Omikifuse]

I promised I would not sell while Huobi was at least $5 above Bitstamp.

I regret that I failed to keep my word at the 420 level

[becoin]

has anyone any idea though how efficient this new gen of miners are that are clearly pushing the hash rate so high.

You'll have to ask Intel and/or AMD.

[Richy_T]

the halvening is coming faster now, the miners can sense it and work away harder

The run up to the halvening will really start in 2016. This is just a few people trying to get ahead of that.

[peonminer]

i got no more coins to sell  

Your GF's bank card is in the toilet bowl, under lid.
New PIN#: 1001
~$3.75 in her kid's piggy bank.
Look out the window. Dude smoking in the blue Camry is a crack BTC dealer, will set you up.
GL!

Lambie's got jokes. Looks like she went full fiat @$380.

The One Without Blemish went 'full fiat' in the 600s. On the way up.
That said, probably still has more dust than your vast BTC holdings on a good day

HA! You still touch BTCitcoin. Loathe Lambie, loatheeeee! Your brain must get so tired, thinking of new names to give you the appeal of a semi-retarded 4th grader. Such amaze. Very advice. Much central banky. Wow!

[noobtrader]

People sold at 30, 50, 100 and are still waiting to get their coins back. At some point, people selling at 100, 200, 300, 400, will have the same fate.

In other news:

Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   93,295,173,091 (+17.94%)

https://bitcoinwisdom.com/bitcoin/difficulty

Interesting indeed, has anyone any idea though how efficient this new gen of miners are that are clearly pushing the hash rate so high.

I.e is the cost of producing 1BTC actually getting higher

Yes,

1200 watt, cost 100 usd per month, with those 1200 watt miner @ 4.7 T per month  generate 0.9 Btc  (next difficutly its 0.77 btc)


EDIT :
i predict that mid year 2016, diff will reach 200.xxx.xxx.xxx or doubled from today, and with reward halving it means 1 bitcoin cost 400 usd. actual fair price of bitcoin 400-600.
also if there are newer miner, btc difficulty and btc cost would be higher

[hexagram]

Euphoria usually breeds a downturn. If I were a trader I'd be selling (actually I am selling but just because someone on localbitcoins wants to buy). I predict a correction over the weekend, but still hanging over $400 which is all good.

I tend not to recommend buying bitcoins to people. If they understand it, they deserve to buy at this low price. If not, they are part of the reason we need Bitcoin in the first place. I told my family to buy some when it was $17 because I wanted them to all share in the benefit but nobody bought.

Most recently I did post on Facebook the fact that I don't usually recommend buying but when the price was $235 I told people who were on the fence that they should buy. The price jumped then fell back below $235 for about a week but then climbed from there. I'm not sure if anyone listened.

Can I add you on Facebook so I can follow your recommendations / tips? 

[ChartBuddy]

Coin



Explanation

[Fatman3001]

i got no more coins to sell  

Your GF's bank card is in the toilet bowl, under lid.
New PIN#: 1001
~$3.75 in her kid's piggy bank.
Look out the window. Dude smoking in the blue Camry is a crack BTC dealer, will set you up.
GL!

Lambie's got jokes. Looks like she went full fiat @$380.

The One Without Blemish went 'full fiat' in the 600s. On the way up.
That said, probably still has more dust than your vast BTC holdings on a good day

HA! You still touch BTCitcoin. Loathe Lambie, loatheeeee! Your brain must get so tired, thinking of new names to give you the appeal of a semi-retarded 4th grader. Such amaze. Very advice. Much central banky. Wow!

Nothing but stupidity and rage left in you. So much for that old "booting bath salts from DNM with totally still good 5cc rigs from the sharps container is totally fine, bro!" chestnut

I'm disappointed in you. You had the perfect setup and all you do is whinge. How the mighty have fallen.

[WeltMaster]

cmon china, I wan't to see your A game

[600watt]

i got no more coins to sell 

never catch a starting rocket   

[8up]

Sub $400 is the new MUST-BUY zone.

[Patel]

Sub $400 is the new MUST-BUY zone.

I'd say sub 350

[becoin]

Sub $400 is the new MUST-BUY zone.

Sub $800 is the new MUST-BUY zone.

[WeltMaster]

HIIIIGGHH-WAAAY

TOOOO

THEEEE

BTC ZONE

[-Greed-]

BFX is going quicker than China. Almost no gap. Strange.
Meanwhile so much euforia. It's time to start selling for me.

[Dotto]

And another leg up until 448. We are definitibly going too fast. The drop is near and will be strong.

Whatever, Im not selling nothing until 3-10k. In the meanwhile enjoying the trip!