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

[Divitiae miserae]

Kraken is about to pierce through December 12th peak.

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[JayJuanGee]

Well I'm feeling more convinced now that this uptrend has more runway.  The whale behavior is starting to look like what it did in early 2013.  

Let's put it this way, if someone is trying to prime the pump for a new rally to a new ATH, they are doing it right.  If it continues to 600 or more, then I can't imagine that it won't explode sometime after that, probably in the new year.  U.S. traders will have new money to invest after they sell off stocks to pay taxes by EOY.

And it would be a damn shame if they waste this rising opportunity, because they have to know that building positive market sentiment doesn't come around all that often.  Once cultivated, don't blow it, use it (this is exactly what they did in 2013).  Because once sentiment turns negative again, it'll stay that way likely for years... again.

I guess we shall see how this all plays out.

What about going back down to 230? You said the market will crash back down to 230, and that you will be making $3000 for every $10 it drops on the way down. You said it could take months to play out, but it's inevitable. Now you are saying it's going to pump to a new ATH?

Expect more of this on the way back down to 230. 

bears are converting....     

[aztecminer]

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.

this pump started with the marshalls auction.. and then got blamed on a russian scheme.. and now its the halving.. seems a little early for the halving which is why i suspect they had to cover the marshall's auction pump with a russian schemer when really they are doing volume pumps on chinese exchanges. .. and on coinbase during sunday night rallies.

[peonminer]

NOTHING STOPS THIS TRAIN








NOTHING.

[rebuilder]

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.

Good point. Because everyone wants to use a currency they can't use because it doesn't work

It works perfectly. You'll need to pay for what you use (the most secure system in the world). Full blocks is good foor Bitcoin as miners will get rich and start competing each other even harder for the spoils (and hence increase the security further).

Why cant anyone see this? It's so obvious.

How secure should the network be? What's the sweet spot between cost and security?

[rokkyroad]

NOTHING STOPS THIS TRAIN

Yep.

Buy.

Hodl.

Ride this train to the end.

[peonminer]

[Just ate shitloads of sugary cereal]

i'm a special lambie short and clout, really though i'm just an angry bitcoin bear with a short open at $420 lulz

Translation:



Dem lambie bearz get der cunts in a wad when der shortz no workz ;P

[suda123]

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.

Good point. Because everyone wants to use a currency they can't use because it doesn't work

yea right who the he'll wants stocks you can't use

[BlindMayorBitcorn]

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.

Good point. Because everyone wants to use a currency they can't use because it doesn't work

yea right who the he'll wants stocks you can't use

[toy4lov3rs]

Up and up and up she goes

[spooderman]

my friend has been diagnosed with a bad disease.

off topic: go be healthier, all of you.

[Divitiae miserae]

What is it?

[ImI]

my friend has been diagnosed with a bad disease.

off topic: go be healthier, all of you.

thank you! may your friend get well soon!

[dloghwak]

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.

Good point. Because everyone wants to use a currency they can't use because it doesn't work

yea right who the he'll wants stocks you can't use

You mean stocks which represent nothing beyond the paper they're [not] printed on?
Good question.

You don't understand stocks much do you?

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

Hehe: https://www.reddit.com/r/Buttcoin/comments/3wuk6b/would_it_not_be_in_miners_rational_selfinterest/

[inca]

The only question is whether we retake 504 on this run or not.

If we do best the previous high then expect the media to start to wake up and everyone prepare for a clamour and cacophony about retest of the ATH.

Interesting times.

[Sitarow]

The only question is whether we retake 504 on this run or not.

If we do best the previous high then expect the media to start to wake up and everyone prepare for a clamour and cacophony about retest of the ATH.

Interesting times.

All I know is that after reviewing my hardware vs difficulty vs return document home miners can still profit if btc is over $450 and only pay $0.10 kWh of power.

If you pay $0.03 kWh of power btc can be down at $150 USD and still profit.

I have revised my old hardware return vs network difficulty increase chart to shine some light on this.

This document has been shared for anyone to use.

BTC at $150 USD power costs at $0.03 kWh.


BTC at $450 USD power costs at $0.03 kWh. EDIT: <---- it should be 0.10 kWh


https://docs.google.com/spreadsheets/d/1ZphwgPk2lySm3sNlHnow6tuwx6YUV0G7qGDtRZ2xFbk/edit?usp=sharing
You will also find other sheets that contain estimated returns that only factor in power costs.
Please note that this does not take into account hardware or other overhead costs.

[Richy_T]

Not yet. Still 10%+ inflationary

Depends on how you look at it. But I'm happy to run with that.

[oda.krell]

my friend has been diagnosed with a bad disease.

off topic: go be healthier, all of you.

Sorry to hear that.

This reminds me to cut down on the smoking. Preferably, to near zero :/