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

[pacman7331]

Maybe someone remember we dipped to €4700 2 months ago ore something
That was the bottom, maybe iT Will break this time?


I hope not Ofcourse But were still bleeding in 3 months now...

The 6k usd bitcoin was based in a lot of FUD everyone banning it.
So for us to go below we need more fud.

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[JayJuanGee]

Because their electricity costs are currently still lower than their marginal cost of production, you numpty.  

If you’re going to troll, at least apply some brainpower first.

Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.

So what you are saying is that if bitcoin doesn’t go up? It goes down?

 

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.

Do you realize, you seemingly dimwitted trolljob, that there has been a price battle in bitcoin that has been going on for several years now, and it has periods of greater intensity.

Furthermore, with s-curve adoption, there are going to be a large number of price finding attempts at various points, which just means both up and down volatility.. while at the same time upwards price appreciation, that is still manipulated down from time to time, even while the price is largely heading exponentially upwards...

Hopefully, you are smart enough to both get paid in bitcoin for your stupid-ass trolling job, and not to really buy into the bullshit that you are propagating because you really cannot believe the nonsense that you are attempting to spread, can you?

[LFC_Bitcoin]

When the pink wojacks appear on /biz/ is usually a sign of a local bottom. About now it may make a double bottom.

Must admit, the current price is beginning to piss me off

[seljo]

Anyone feelin' goxed all over again?

[JayJuanGee]

Anyone feelin' goxed all over again?

No... but I understand that is one of the stupid-ass simplified mainstream talking point explanations..... so I would not want to feel retarded by buying into retarded ideas.   

[pacman7331]

Anyone feelin' goxed all over again?

Nah i’ve gotten used to it.

[TERA2]

You do not even know what goxxed is. To be goxxed is to not be able to trade. To be goxxed is to enter a sell order perfectly at $265 but then with 48 hour trading engine lag the trade executes at $50. Gox is the instantaneous fear of god. There is no trace of gox to be felt in this slow matured pussy market.

[HairyMaclairy]

There’s a DDOS starting at Mt Gox
Lag is increasing,
and there’s cold coins in new blocks
Finally, I can see it crystal clear
A correction is coming
There’s a panic in the air

https://youtu.be/K2ku1A5Ox8U

[Totscha]

Anyone feelin' goxed all over again?

Looked all around the internets. Twice! Found nothing to point to a gox like failure. What am I missing!? 

[Vlada69]

Which is why difficulty can fall my dear boy. 

Some benefit out of all of this!

[Vlada69]

By this time it is obvious we are going to test 6k. So if BTC goes below that my guess we will see 3.25k in near future. Trump tarifs, rate increase, Russia, you name it. All of those bringing markets down.

Rate increase is the biggest problem here. No more free dollars, no more bubbles.

Lots of companies will go out of business because of this. Mortgages, banks, retail markets... Everybody will have his fair share from the FEDocalypse.

Sad thing is if the interest rates go higher, it won't just destroy bubbles because those bubbles existed for so long, they became the economy itself. That's why some experts call this a "bubble economy".

And bitcoin, some called it "tulips of our century", even if it had nothing to do with tulips, will get affected because bubble or not, everything is connected.

And then it will be a  dot.com. 2.0

Bitcoin goes to sub $1k levels, people suicide, alts get completely destroyed, people even suicide more. FED decides to lower the interests again and starts printing money, people completely lose interest in USD or any other paper money because they'll hold the FED responsible for the carnage, then people will completely leave the current banking system and...

It is very interesting why rate increase at this moment. Could be to pay off tax deductions but it will end up a whole lot of mess. Apparently US GDP is not doing well as prices fall and adding to current administration it will go from bad to worse. Ah 2 more years to wait... Like after Mt.Gox...Should we call this Mt.Trumps?

Bitcoin > $1 million USD.

When that time comes, it won't matter because USD will be no better than Zimbabwe dollars.

P.S. BTC is the real USD and true vision of Abraham Lincoln.

[JayJuanGee]

You do not even know what goxxed is. To be goxxed is to not be able to trade. To be goxxed is to enter a sell order perfectly at $265 but then with 48 hour trading engine lag the trade executes at $50. Gox is the instantaneous fear of god. There is no trace of gox to be felt in this slow matured pussy market.

Snap out of it, Tera.


The term Gox is being used in a different sense than the one you are describing.

[HairyMaclairy]

Bcash lol will break 0.1 soon

See you sweetheart.

[SidETH]

Getting close to my personal sell-off limit
Hope these last days of March won't be too bad.

What's up with those big downfalls?

[LFC_Bitcoin]

Bcash lol will break 0.1 soon

See you sweetheart. 

Thanks for the extra bitcoin’s Rog, was great selling your shitcoin’s @ $1,200 each

[pacman7331]

Big guns coming out

[Raja_MBZ]

Bcash lol will break 0.1 soon

See you sweetheart. 

Thanks for the extra bitcoin’s Rog, was great selling your shitcoin’s @ $1,200 each

I was thinking that very same thing. It really helped me in making my gaming rig, thanks Bcash! Now you may go where you belong, trash!

[LFC_Bitcoin]

Bcash lol will break 0.1 soon

See you sweetheart.  

Thanks for the extra bitcoin’s Rog, was great selling your shitcoin’s @ $1,200 each

I was thinking that very same thing. It really helped me in making my gaming rig, thanks Bcash! Now you may go where you belong, trash!

I paid for me & my gf to go to Vegas this June 1st Class & 5 nights at The Wynn when I sold BTG too. I even sold it way under it’s ATH, got to love these shitcoin’s for what they can do for you.

[Torque]

So many shitcoins now heading back to reality.

During all of 2017, newbs acted like shitcoins were something brand new, the next Bitcoin 2.0.

Nope.

https://www.youtube.com/watch?v=3gfntBEI3Aw

[HairyMaclairy]