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

[JamesBrown]

Very bullish right now

The crazy guy is back

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

If price continues its decline its hard to imagine of rapidly rising hashrate, but maybe spooderman knows something we dont?

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Fatman3001]

Very bullish right now

The crazy guy is back

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

If price continues its decline its hard to imagine of rapidly rising hashrate, but maybe spooderman knows something we dont?

That's what I was wondering.

[Blazin604]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

[Fatman3001]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

Can I mine it?

[NotLambchop]

...
Great times for Crypto!!!

[Blazin604]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

Can I mine it?

Yes sir. Watch and read links you will see

[Eamorr]

Failed rally attempt, who wudda thought? 

 

Volume is pitiful.

Total flatline here - price and volume.

I've never been so bored in my life. Please give me some action!

[Blazin604]

Very similar to BTC

[NotHatinJustTrollin]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

Can I mine it?

Can I fuck it?

https://www.youtube.com/watch?v=IKBJxZf-Dgs

[Jammalan the Prophet]

Let's look at the bright side:
It's up +1.02% for the last 7 days.

[Eamorr]

Huh a quick glimpse shows all Chinese exchanges having bigger ask side than bid, and  they're all trailing even behind btc-e  finally the dragon is exiting

China is awake now - 08:00Monday morning in Beijing, Shanghai and Hong Kong.

Nothing happening. The entire market is flat. No volume at all. Something is not right.

[Fatman3001]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

Can I mine it?

Yes sir. Watch and read links you will see

Don't know why I ask, Bitcoin and Ethereum are the only cryptocurrencies I see any point in.

[JamesBrown]

...
Great times for Crypto!!!

You so mean!

[samson]

I have a feeling that it's going to be an interesting week 

[Fatman3001]

...
Great times for Crypto!!!

You so mean!

Poor Lambie, even he must get tired of these boring little drops. How much more can he take before he will grab his vaseline and go back to pleasing old men for a living?

[billyjoeallen]

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.


If the Four Punch Raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far.  That means they have ~16 times as much market clout as they did when they first crashed the market.  

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

We are in the crash phase.

[adaseb]

WOW! Pretty much a classic support becomes resistance in the last move. I feel bad that I didn't short it there.

[JamesBrown]

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.


If the Four Punch raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far.  That means they have ~16 times as much market clout as they did when they first crashed the market.  

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

We are in the crash phase.

Who are the Four Punch raiders and how do I go margin long under present conditions?

[Blazin604]

Lol, do you know how bitcoin works on even the most superficial level?

I know that when the cost of electricity for making a bitcoin is close to 50% of the price of a bitcoin for some, expanding your mining operation by adding more overhead is not really a given, not to mention the cost of the actual HW. And as far as I know, the mining gear developers are reluctant to put all their money into 14/16nm FinFet processes when the prices drop like an anvil. So I was wondering if you have some specific information on why the hashrate would go "way up" anytime soon?

There is another great coin up and coming called Digibyte that will be the day to day currency that can be realistically used. BITCOIN will still be there as gold is to dollars. Anyways check out Digibyte

Watch "DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…" on YouTube - DigiByte @ CryptoCurrency Convention NYC 4/9/14 -…: http://youtu.be/JkWVD8MJlS0

https://bitcointalk.org/index.php?topic=408268.0

Great times for Crypto!!!

Can I mine it?

Yes sir. Watch and read links you will see

Don't know why I ask, Bitcoin and Ethereum are the only cryptocurrencies I see any point in.

I was in the same boat. This is worth looking at is all I am saying. Has great devs behind it and already has a Pc IOS and Android wallet up