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

[LFC_Bitcoin]

This forum (especially this particular thread) is full of trolls & trolls sock puppets.
It's really gone to shit.

Nobody minds the battle between bears & bulls, they both have genuine reasons for cheering different scenarios to make money, that's fine.

There are so many trolls though, it's really quite pathetic & I feel embarrassed for them.

[SnokkomBTC]

Any idea why China is so bullish now? There was that news about Taiwan but still?

Bullish?

[grappa_barricata]

china is pumping, bless them

[luckygenough56]

yes china want to confirm moon

[SnokkomBTC]

yes china want to confirm moon

not enough volume ;(

[Eddie Brock]

yes china want to confirm moon

china is pumping, bless them

dump confirmed

[NotLambchop]

yes china want to confirm moon

Those crafty pandas toying with bulltards' emotions again.
Unsporting, pandas, unsporting...

[luckygenough56]

gonna be a boring slow rising bulltrap

[inca]

Price going up!

[LFC_Bitcoin]

yes china want to confirm moon

Those crafty pandas toying with bulltards' emotions again.
Unsporting, pandas, unsporting...

Why are you even here?
Do you not have a job?

Every time I sign in I see bull shit trolling from you.

Time to get a life mate.

[noobtrader]

CEX.IO Temporarily Suspends Cloud Mining Services

http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/

Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

DOOM

Wait, isn't that actually good news for the price? I see you guys complaining constantly that there are too many miners and thus the supply is bigger than demand. Am I missing something?

Nothing will change, CEX.IO will continue to mine with all it's hardware. Only the customers who purchased cloud GHs will get nothing, because the maintenance fees will become higher than their income.

And in all seriousness, let me repeat the BASIC principle of Bitcoin supply. Supply is CONSTANT. That's why the difficulty adjusts to the hashrate, to keep the supply constant. 25 BTC each 10 minutes...

so  CEX.IO  ask for a subsidy from customer...    still mining but no coin for customer ?

[grappa_barricata]

short squeezing is a possibility, i think - too many shorters at and below this level

[diabLEEca]

yes china want to confirm moon

<ignored blah blah blah>

Why are you even here?
Do you not have a job?

Every time I sign in I see bull shit trolling from you.

Time to get a life mate.

I'm guessing this actually is his job.

[SnokkomBTC]

Any idea why China is so bullish now? There was that news about Taiwan but still?

Bullish?

Was nicely seen by the buying in 1650-1660CNY range. Looks like it is time for short squeeze on those exchanges...

hope so

[Richy_T]

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

Not if you bought your equipment which is a sunk cost. At which point you already down on your investment and just keep running as long as cost of electricity < mined BTC.

Nope, your equipment is a sunk cost. That money is gone whatever happens. Now, as suggested, there may be some ongoing costs that cannot be halted immediately (rent, staffing etc) but what you can quickly turn off costs more than a bitcoin, it's time to stop (though again, there will be inertia. Small dips are ignorable.)

[Morecoin Freeman]

Think we will see the price above $280 again today.

Here we go! Buy buy buuyyyyy!!

[macsga]

yes china want to confirm moon

Those crafty pandas toying with bulltards' emotions again.
Unsporting, pandas, unsporting...

Why are you even here?
Do you not have a job?

Every time I sign in I see bull shit trolling from you.

Time to get a life mate.

Dood, "Ignore"

[aztecminer]

well, you were laughing at the "bearwhale" and his 30 k, but now I think it is clear what was his agenda: to destroy producers of asics and centralized mining centers. this is only the beginning. prepare for 100 $ coins.

His "agenda" was simply to GTFO and take his 9-10 million dollars out of this free falling mess.

He waited too long to dump then, he could have got 20 million dollars or more if he dumped earlier.

he bought high and sold low. it will be ok cuz he can buy back higher later again.

[shmadz]

In the morning wall observers.

Dangerous times to be a free thinker.

http://qntra.net/2015/01/use-riseup-net-and-read-books-thats-a-paddlin/

"The defendants were also accused of having a book..."

Careful what you read slaves. Thought crimes will be punished.

[ChartBuddy]

Bitfinex

Bitstamp

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