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

[p4n]

[magicmexican]

oh god, i remember this movie

[Wandererfromthenorth]

A nice summary for y'all:

-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)

[supermine]

Next stop, call it temporary bottom, will be $170 - $180. This targets are based on fib fan analysis. (brought to you by /r/shibedojo)

Ha!

Let's see if we bounce off 200.

No. See:

[Wandererfromthenorth]

New low on China and bitfinex 

[coins101]

A nice summary for y'all:

-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)



lol

-Because bitcoin
(never happened before)

[Chalkbot]

But mainly I do not like scammers and sleazy people who lie to take other people's money.  Perhaps because I am rather easy to fool myself.  And I have never seen a community so packed with crooks and criminals as the bitcoin community.  Politicians, judges, cops, bankers, even professors -- there is plenty of corruption among them, but nowhere near as much as among the bitcoiners.

What? How did you determine the density of scammers among the bitcoiners? This is exactly the opposite of my experience with bitcoin and the community surrounding it. I've never been scammed by anyone here, and in 90% of all of my own transactions, I've opted not to use any type of escrow.

Also, the entire notion that a scammer would only accept a specific currency is ridiculous. A scammer will take whatever you'll give him. I get emails every week from scammers trying to scam, and I've yet to see one requesting bitcoin as the payment mechanism.

How are you keeping track of all the scams that happen with cash? I assume you have some very sophisticated tools if you're able to make this comparison.

Maybe you've been fooled?

[Sitarow]

New low on China and bitfinex 

The good news is that the network distribution is well balanced.

[Wandererfromthenorth]

http://www.reddit.com/r/Buttcoin/comments/2sb3hl/the_hash_rate_collapse_preceded_by_huge_bump_just/

[inca]

A nice summary for y'all:

-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)

What has happened before is your obvious book talking. Thanks for stating the obvious.

[GaliX]

http://www.reddit.com/r/Buttcoin/comments/2sb3hl/the_hash_rate_collapse_preceded_by_huge_bump_just/

well what do you expect? People mining at a lose like the stupid ghash miner did?

[Wandererfromthenorth]

A nice summary for y'all:

-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)

What has happened before is your obvious book talking. Thanks for stating the obvious.

I have been telling you to sell (or at least to put a stop loss to be safe) ages ago multiple times timing the market perfectly (not just like a broken record like some other folks, even though it would have worked fine anyway) and you pretty much always accused me of "book talking".
Same with anybody else (like Tzupy) who told you that things were not bullish as you depicted them.

[cesckat]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

[hmmmstrange]

But mainly I do not like scammers and sleazy people who lie to take other people's money.  Perhaps because I am rather easy to fool myself.  And I have never seen a community so packed with crooks and criminals as the bitcoin community.  Politicians, judges, cops, bankers, even professors -- there is plenty of corruption among them, but nowhere near as much as among the bitcoiners.

What? How did you determine the density of scammers among the bitcoiners? This is exactly the opposite of my experience with bitcoin and the community surrounding it. I've never been scammed by anyone here, and in 90% of all of my own transactions, I've opted not to use any type of escrow.

Also, the entire notion that a scammer would only accept a specific currency is ridiculous. A scammer will take whatever you'll give him. I get emails every week from scammers trying to scam, and I've yet to see one requesting bitcoin as the payment mechanism.

How are you keeping track of all the scams that happen with cash? I assume you have some very sophisticated tools if you're able to make this comparison.

Maybe you've been fooled?

Jorge is speaking from position, as one who has stolen millions of dollars from the people of Brazil.

[Sitarow]

@Sitarow: are those spreadsheet public? If not, can you make one for 200$ level? Thanks, a hell of a work you did.

I have included the two requested sheets in the document.

$200 USD @ $0.13 kwh


$200 USD @ $0.10 kwh


Shared document link. There is dedicated sheets for each hardware type and estimated difficulty return.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

Hey, very nice job.

One think I'm confused about though is the hardware efficiency, shouldn't the BTC/GH stay constant between $300 and $200?

THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings.

It only applies to those curently offered hardware prices.

To those expressing gratitude.  Thank you and your welcome.  However these sheets have been compiled by me yet I am not the original author.

Two other bitcointalk community members in the past shared their respected documents. I only put them together and kept them up to date along with adding requests over time.

Please feel free to share any important calculations that may be missed.

anyone have anything to add to this sheet?

[magicmexican]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[YourMother]

Bitfinex

Bitstamp

Explanation

expensive

[GaliX]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up.

Who knows if the market will try to test even 100$ after it or close the shorts.

There is soo much money waiting on the exchanges currently. Everybody is expecting the price to hit sub 200$. But I don't see that coming to be honest for now.

[Trolololo]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

Bid-ask ratio is 1:5 in BitStamp and 1:9 in OkCoin.
Those waiting buyers could get nervous at any moment.