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

[Newbie1022]

Market is being buoyed by Coinbase buyers switching to BFX and/or just somebody trying to put a floor under this. That said, the bottom is clearly about to fall out. Mining has accelerated so that miners can get new coins and sell them at this price before the price falls to the single digits. Then it dies. The end. Nothing else to say. The s--- has just died. Period. Death.

Enjoy the bloody sharts over the next few days.

[macsga]

I think large mining operations are fcked with rising diff

With mostly the overhead costs

Owner/manufacturers like Bitfury, Knc, and Bitmain lose less because they can get the equipment at pretty much the lowest cost.

There's also the electricity costs. These things are not running on air.

[findftp]

I don't give a sh#@$t about Bitstamp, but I would prefer that their implosion doesn't send Bitcoin further down the drain.

Why not? Cheap coins
I mean, bitcoin won't die does it? Please,... tell me it won't die.
please
please
please!

[Fatman3001]

Market is being buoyed by Coinbase buyers switching to BFX and/or just somebody trying to put a floor under this. That said, the bottom is clearly about to fall out. Mining has accelerated so that miners can get new coins and sell them at this price before the price falls to the single digits. Then it dies. The end. Nothing else to say. The s--- has just died. Period. Death.

Enjoy the bloody sharts over the next few days.

... ?

That makes no sense whatsoever.

[samsonn25]

I think large mining operations are fcked with rising diff

With mostly the overhead costs

Owner/manufacturers like Bitfury, Knc, and Bitmain lose less because they can get the equipment at pretty much the lowest cost.

There's also the electricity costs. These things are not running on air.

I am assuming $.10 per kwh in my calculations. At 9% difficulty and .50 watts/gh efficiency that mines about .52 bitcoins for lifetime of machine (1TH reference unit)

Of course diff is the "X" factor

[ShroomsKit]

So Bitstamp is still not coming out with info?
I bet this is gonna be worse than we think.

[samsonn25]

Market is being buoyed by Coinbase buyers switching to BFX and/or just somebody trying to put a floor under this. That said, the bottom is clearly about to fall out. Mining has accelerated so that miners can get new coins and sell them at this price before the price falls to the single digits. Then it dies. The end. Nothing else to say. The s--- has just died. Period. Death.

Enjoy the bloody sharts over the next few days.

... ?

That makes no sense whatsoever.

LOL

[macsga]

So Bitstamp is still not coming out with info?
I bet this is gonna be worse than we think.

Say it brah!

[Fatman3001]

I don't give a sh#@$t about Bitstamp, but I would prefer that their implosion doesn't send Bitcoin further down the drain.

Why not? Cheap coins
I mean, bitcoin won't die does it? Please,... tell me it won't die.
please
please
please!

Bitcoin won't die, but it will be a lot less useful. The infrastructure around it will probably die. And I respect you too much to tell you where you can shove your cheap coins.

[kenji]

do you think it is better to change in ripple/altcoins?

[ZephramC]

I don't give a sh#@$t about Bitstamp, but I would prefer that their implosion doesn't send Bitcoin further down the drain.

Why not? Cheap coins
I mean, bitcoin won't die does it? Please,... tell me it won't die.
please
please
please!

Bitcoin won't die, but it will be a lot less useful. The infrastructure around it will probably die. And I respect you too much to tell you where you can shove your cheap coins.

Bitcoin will finally separate from fiat, will become much more useful, and its price in USD will have no significance.

[Fatman3001]

do you think it is better to change in ripple/altcoins?

They are dying faster than Bitcoin. If Bitcoin has no value then the altcoins definitely has no value.

[Fatman3001]

I don't give a sh#@$t about Bitstamp, but I would prefer that their implosion doesn't send Bitcoin further down the drain.

Why not? Cheap coins
I mean, bitcoin won't die does it? Please,... tell me it won't die.
please
please
please!

Bitcoin won't die, but it will be a lot less useful. The infrastructure around it will probably die. And I respect you too much to tell you where you can shove your cheap coins.

Bitcoin will finally separate from fiat, will become much more useful, and its price in USD will have no significance.

Although I have said "TO DA MOON!!!" quite a lot myself as well, I don't actually live on the moon; yet. Until then, fiat matters.

[NotLambchop]

...
Bitcoin will finally separate from fiat, will become much more useful, and its price in USD will have no significance.

That's like poker chips you can't cash in, or money that doesn't buy anything--pointless.

[coinableS]

do you think it is better to change in ripple/altcoins?

No. Definitely not a centralized corporate proprietary altcoin.  

[YourMother]

Market is being buoyed by Coinbase buyers switching to BFX and/or just somebody trying to put a floor under this. That said, the bottom is clearly about to fall out. Mining has accelerated so that miners can get new coins and sell them at this price before the price falls to the single digits. Then it dies. The end. Nothing else to say. The s--- has just died. Period. Death.

Enjoy the bloody sharts over the next few days.

[roslinpl]

Explanation

I say no to Bitcoin Exchanges!

[ChartBuddy]

Explanation

[thefunkybits]

Soooo Vault of Satoshi is closing now?

wow 

[samsonn25]

Soooo Vault of Satoshi is closing now?

wow 

He got his coins  alot cheaper than $ .0025