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Question: Closing BTC Price June 17:
$0 - 2 (1.8%)
<$6,500 - 7 (6.1%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.8%)
$7,001-$7,250 - 3 (2.6%)
$7,251-$7,500 - 6 (5.3%)
$7,501-$7,750 - 4 (3.5%)
$7,751-$8,000 - 12 (10.5%)
$8,001-$8,250 - 13 (11.4%)
$8,251-$8,500 - 6 (5.3%)
$8,501-$8,750 - 6 (5.3%)
$8,751-$9,000 - 11 (9.6%)
$9,001,$9,250 - 10 (8.8%)
$9,251-$9,500 - 9 (7.9%)
>$9,500 - 15 (13.2%)
$20,000 - 7 (6.1%)
Total Voters: 114

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21222487 times)
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Ludwig Von
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November 20, 2018, 09:13:16 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?
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DeathAngel
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November 20, 2018, 09:14:18 PM
Merited by jojo69 (1)

Dig Bicks is the NotLambChop of this cycle.

I suggest you put him/it on ignore.

kingcolex
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November 20, 2018, 09:16:59 PM

A $400 jump pretty quickly. Wouldn't that be something if it was the actual bottom and not just a tease?
infofront
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November 20, 2018, 09:17:33 PM

The new poll is almost fucked already. This is like last November, just going in reverse.
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November 20, 2018, 09:19:13 PM

The new poll is almost fucked already. This is like last November, just going in reverse.

I was living like a Saudi Prince back then after the bch fork. I was living the high life, now I’m eating pot noodle for my meal Cheesy
JayJuanGee
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November 20, 2018, 09:23:23 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?


A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days
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November 20, 2018, 09:24:58 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?


A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days
Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.
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November 20, 2018, 09:26:20 PM
Merited by Wekkel (1), yefi (1), Hueristic (1)

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

Bwahaha. It doesn't happen that easily. We're going to keep grinding lower for months. There will be a few rallies to the upside, just to raise your spirits a little bit. Once you see a glimmer of hope, the Bogdanoffs will sell again and crush it. Rinse and repeat.

It will only end when our spirits have been utterly decimated, and our souls nearly destroyed. This thread will be nothing but tumbleweeds and r0ach posts. That's when you know we're starting to head back up. It will take a few months for anyone to even realize we're in recovery mode. We won't have time to read charts at that point anyway. We'll be too busy tying nooses and working overtime at McDonald's.

Then the bull returns and we get to do it all over again. Choo choo motherfuckers.
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November 20, 2018, 09:42:12 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

Bwahaha. It doesn't happen that easily. We're going to keep grinding lower for months. There will be a few rallies to the upside, just to raise your spirits a little bit. Once you see a glimmer of hope, the Bogdanoffs will sell again and crush it. Rinse and repeat.

It will only end when our spirits have been utterly decimated, and our souls nearly destroyed. This thread will be nothing but tumbleweeds and r0ach posts. That's when you know we're starting to head back up. It will take a few months for anyone to even realize we're in recovery mode. We won't have time to read charts at that point anyway. We'll be too busy tying nooses and working overtime at McDonald's.

Then the bull returns and we get to do it all over again. Choo choo motherfuckers.

The bottom will be reached between the Ides of March and USA Memorial day (2019).
Kylapoiss
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November 20, 2018, 09:43:39 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Not that I'm cheering or anything, but I do believe that altcoins still have at least one more massive rally ahead where bitcoin dominance would see new lows:



I was trying to explain to one bloke that it doesn't matter if you buy 0.1 bitcoin or 100000 of some shitcoin for same amount of money, if it rises 50% the gains will be the same. He firmly believed that his 100000 coins will make him more money, as the numerical value of them is higher. Many know nothing about math, sad.
Ludwig Von
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November 20, 2018, 09:45:01 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?


A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days
Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.

So, they are risking their BTC profits for a war in a only losses quest. Strange guys these miners, would Obelix say.
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November 20, 2018, 09:45:15 PM

It's more than 3300. With S9's I would guess it's around 6k a coin at current difficulty. Granted you could ratchet the diff down slowly, but I think they're mining at a loss now to wave dicks. Eventually they will have to pay investors/electric bills/bribes.
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November 20, 2018, 09:48:56 PM

https://i.postimg.cc/4dj5Wm3T/tttt.png


what if the real manipulation was not on USDT exchanges?

A Bullish Crab is close to forming on all the tether exchanges.  Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy?  Maybe the tether exchanges are more close to an honest price.  

Or am i not understanding something?
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November 20, 2018, 09:51:46 PM

Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.
I think their number is a bit low. They estimate 5c/kw for an S9 while the Chinese average for electricity is around 8c, and the US is around 10-12c. I think right now they're mining at a loss, and dumping coins to try and support this stupid hash war. Guess it will be worth it, but it's not sustainable in the long run.
Ludwig Von
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November 20, 2018, 09:54:58 PM




what if the real manipulation was not on USDT exchanges?

A Bullish Crab is close to forming on all the tether exchanges.  Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy?  Maybe the tether exchanges are more close to an honest price.  

Or am i not understanding something?

You will understand when you will have no way out of your Tutters ... . Good lunch with that.
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November 20, 2018, 09:56:02 PM
Merited by jojo69 (1)

Dig Bicks is the NotLambChop of this cycle.

I suggest you put him/it on ignore.



I waited the longest time before I finally made NLC the second name on my ignore list, after MatTheTwat.

At least she had a glimmer of intelligence though, despite being an obnoxious asshole.

Can't say the same about DB. He's obviously not the sharpest wad of gum in the knife drawer.

His choice of an image to post speaks volumes in support of what my post implied.  Roll Eyes Stupid kid just doesn't get it.

Sigh.
JayJuanGee
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November 20, 2018, 09:56:53 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?


A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days
Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.

So, they are risking their BTC profits for a war in a only losses quest. Strange guys these miners, would Obelix say.

BTC price movements are not single issue motivated, and so even though playing around with hashpower is a dynamic and a gamble that some miners are willing to play, others are not going to play around with their hashpower for ideological purposes, but instead be motivated by mining in the location that gives them both the most reward and the most future value reward (to the extent that they do not dump some of the coins along the way).

Somebody tell me if they have better information, but it seems that mining power was moving around more last year, during some time period after the bcash fork, but some of those miners may have learned their lesson.. and furthermore, the bitmex research shows that anyone moving their hashpower for bcash, currently, is most likely engaging in such behavior for ideological purposes, and perhaps even erroneous economic considerations (including sunk cost fallacy - which would be attempting to salvage any value that they can out of bcash bags).   I doubt that they really believe that they are going to be able to sufficiently unload that shit or that the bcash market is liquid enough to absorb their bcash bags... so their main hope would be to unload bcash slowly enough that no one would notice (good luck with that).   
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November 20, 2018, 09:59:56 PM

Hmmm... anyone else notice this about deposits from bitstamp?  Timely  Roll Eyes

REST OF THE WORLD

USD INTERNATIONAL deposits are temporarily unavailable due to ongoing migration to a different service provider. USD DOMESTIC deposits may run into minor delays.


Decided to make a transfer anyway. Hopefully it goes smooth since my bank is Canadian.



Yes, saw it yesterday as I was thinking of sending in (or rather back) some dollars.  I'm not in USA, but I do have a USD account (specially for USD / BTC /Stamp) which was super convenient for taking money out.  Now it is looking less convenient. 

I will need to send EUR via SEPA (which will cost me to buy) then take another hit on exchanging into USD at Stamp to trade. Ugh.
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November 20, 2018, 10:00:05 PM

It's more than 3300. With S9's I would guess it's around 6k a coin at current difficulty. Granted you could ratchet the diff down slowly, but I think they're mining at a loss now to wave dicks. Eventually they will have to pay investors/electric bills/bribes.

Devils in the details, no?

There is going to be a difference between the efficiencies of small miners and depending on location (electricity costs), so would the average for BTC be closer to $3,300 or $6k or do we not have better information to narrow it down a bit?  Of course, the more efficient miners with the lower costs, may well be o.k. with some lower prices in order to hope that some of the less efficient miners, on the higher end of the spectrum get out of bitcoin hashing services.
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November 20, 2018, 10:03:20 PM

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

Bwahaha. It doesn't happen that easily. We're going to keep grinding lower for months. There will be a few rallies to the upside, just to raise your spirits a little bit. Once you see a glimmer of hope, the Bogdanoffs will sell again and crush it. Rinse and repeat.

It will only end when our spirits have been utterly decimated, and our souls nearly destroyed. This thread will be nothing but tumbleweeds and r0ach posts. That's when you know we're starting to head back up. It will take a few months for anyone to even realize we're in recovery mode. We won't have time to read charts at that point anyway. We'll be too busy tying nooses and working overtime at McDonald's.

Then the bull returns and we get to do it all over again. Choo choo motherfuckers.
I thoroughly enjoyed the story telling time.
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