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

[adaseb]

Don't know if you guys frequent the "Mining" section but its brutal there.


Basically Bitmain pulling another Bitmain and over-supplying the market with an ASIC for SIA. Noobs ordering a bunch of units expecting $500/day and while UPS is dropping off these ASICs the difficulty triples in about a day.
https://siamining.com/stats


Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.


While I'm just chilling and mining on my good old 7970 from the Litecoin days on my old trusty Corsair 750W with ROI being the least of my worries.

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[Neo_Coin]

[HairyMaclairy]

The TPP is back. 

Fuck these guys.

[Deeyoh]

not sure if scamcoin or shitcoin
https://pool.viabtc.com/announcement/27/
On January 20th, 2018, at block height of 505050, a hard fork will happen on Bitcoin (BTC) blockchain and create a new blockchain asset - Bitvote (Token: BTV; Website: http://bitvote.one/). Bitvote (BTV) increases its blocksize to 8MB and adopts SegWit, which to a large degree has improved it transaction efficiency. BTV supports CPU mining with CryptoNight algorithm and has a total supply of 21 million.

You know the other day with the big mem pool spike. I traced one of the spam address's back to ViaBTC.   They have something going on over there for sure. 

[explorer]

The TPP is back. 

Fuck these guys.

Yeah, WTF.  Like a virus.

[elg]

If Bitcoin closes above 11147 in 2.75 hours from now, that would be bullish and Boblawblaw should then be able to stick to his retirement plans and sell @ 12500 very soon.

why 11147?

[jojo69]

The TPP is back. 

Fuck these guys.

Yeah, WTF.  Like a virus.

How's that swamp draining going?

[explorer]

The TPP is back. 

Fuck these guys.

Yeah, WTF.  Like a virus.

How's that swamp draining going?

Seems to be good.  At lest Trump got you out of THAT mess.

[Syke]

Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.

People are mining on Nvidia these days?

[JayJuanGee]

I am calling for a nice little spike within 36 hours.

I'll keep HODLing on my $12.5k sell order for another 36 hours.

If it plunges below $10k, I will find you, and make you my bitch.

No lube.

Whoaza!!!!!!

Prediction making has consequences these days.   Us HODLers, and perhaps especially Toxic, are hoping for a spike in the upwards direction in the coming day and a half.

Regarding my own predicting abilities, I frequently am pretty whimpy in that respect.  I consider that currently we have a BTC  price battle that is largely ranging in the $10k to $12.5k arena, so certainly Bob is betting on price movement into the upper end of the range - which seems to be reasonable, yet really nothing to write home about until we bounce either above the range into the $13ks or below the range, into the 4 digits.  Maybe I am close to 50/50 in my current thinking regarding which way the break out is going to go, and I suppose that if I was forced in either direction, I would give a slightly more favorable to up.. perhaps 51%

[supremnoob]

What close is in next 1hr from now in your oppinion?
11208 right now!

[vapourminer]

Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.

People are mining on Nvidia these days?

yup, for alt coins. then exchange for btc.

vs amd, they cost more up front but are more power efficient in the long term.

[vanobe]

If Bitcoin closes above 11147 in 2.75 hours from now, that would be bullish and Boblawblaw should then be able to stick to his retirement plans and sell @ 12500 very soon.

why 11147?

Is bitcoin dead if it doesn't close above 11147?

[sirazimuth]

Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.

People are mining on Nvidia these days?

Um ... yeah.
In my case, the past 4 years and counting...

[d_eddie]

If Bitcoin closes above 11147 in 2.75 hours from now, that would be bullish and Boblawblaw should then be able to stick to his retirement plans and sell @ 12500 very soon.

why 11147?

Because no lube!  

[Searing]

Don't know if you guys frequent the "Mining" section but its brutal there.


Basically Bitmain pulling another Bitmain and over-supplying the market with an ASIC for SIA. Noobs ordering a bunch of units expecting $500/day and while UPS is dropping off these ASICs the difficulty triples in about a day.
https://siamining.com/stats


Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.


While I'm just chilling and mining on my good old 7970 from the Litecoin days on my old trusty Corsair 750W with ROI being the least of my worries.

enlighten us here (asic owner since 2013) is there still a good enough reason to get GPU's for mining...or is this fading?

curious

(i have ONE 1080 gpu card with my alienware R7 laptop for the computer/crypto biz (cough!) and of course got the espansion chassis to add the option to mine coins (cough!..hey...I

see you roflao about that ...I mean would I really use this as a crypto equip deduction just to game? (cough...er choking as I type this)

best 5k I ever spent at the high on BTC......as a crypto computer equip deduction (cough!) ......but alas..the biz needed a new laptop (ducks from thrown items in bitcointalk

hey..someone could take out my eye here!)

anyway, worked for me and GPU mining (cough!) now if I actually could figure out HOW to GPU mine.this may make more sense...but so far ..games (er I mean) crypto research

is keeping me occupied enough.

[jojo69]

now if I actually could figure out HOW to GPU mine.

https://bitcointalk.org/index.php?topic=877081.0;topicseen

https://bitcointalk.org/index.php?topic=1670733.0;topicseen

[realr0ach]

The real reason the price of bitcoin reached where it currently is:

THREE coin dealers here in my city have confirmed to me personally that "Bitcoin is sucking the oxygen out of the room" re physical gold buyers.  But, this is perhaps fashion.

Of course it's "fashion".  The overwhelming majority of people are completely clueless when it comes to economics or investing and simply fall back on human herd mentality.  Since they know nothing, they see an asset rise and then believe, "well, there must be people who are more knowledgeable than me investing in this and I will thus defer to their opinion and buy some too since everyone else is". 

This is why pump and dump scams never cease to stop working.  Humans have a finite lifespan so there literally is a sucker born every minute.  The price of bitcoin has been controlled almost entirely by a single entity painting the tape and spoofing walls mostly operating on Bitfinex ever since the price was $200.  I'm probably the first person to talk about this, and then later even Zerohedge wrote articles about it calling him "the Bitfinex spoofer".  One scammer can create an army of zombies to follow him.

Just like all artificially rigged pump and dumps, bitcoin will fall out of fashion, the lemmings will sell their bitcoin post-collapse at the same price or lower than what they bought in, and then say "darn, I wish I bought metals before gold went up 10x and silver went up 20x. I guess i'll buy some now!".  To actually make money, you have to be somewhat of a contrarian investor and buy cold markets while immediately dumping any market full of dumb money lemmings.

[Searing]

now if I actually could figure out HOW to GPU mine.

https://bitcointalk.org/index.php?topic=877081.0;topicseen

https://bitcointalk.org/index.php?topic=1670733.0;topicseen

Ack! looks like work...will contemplate the concept of GPU mining with my 1 card Alienware laptop and expansion chassis (1 GPU card) by EXTENSIVELY field testing it  with the Destiny 2

game....this may take a while...got to run the GPU card thru its paces don't ya know...be secure in it being stable an all that (cough!) (again with the throwing of stuff at me in

bitcointalk...jeez)

[realr0ach]

https://dailystormer.red/global-warming-scientists-now-say-planet-is-cooling-which-is-it-you-frauds/