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

[BlindMayorBitcorn]

Jesus fucking christ


http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says

When there is blood in the streets it is time to buy.

Stop.   It's hammer time

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[UnDerDoG81]

Now we got a price where I really start to worry and think about to sell with a loss of 75%   At least I would have 25% more than in a few months when the downtrend continues. Two digits are close and it seems like there is no interest in BTC anymore. I said I will sink with the ship but seriously, that would be a huge loss for me.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[derpinheimer]

Now we got a price where I really start to worry and think about to sell with a loss of 75%   At least I would have 25% more than in a few months when the downtrend continues. Two digits are close and it seems like there is no interest in BTC anymore. I said I will sink with the ship but seriously, that would be a huge loss for me.

75% loss may as well be 100%

[Sitarow]

There is a risk that if too many miners go offline block creation may stall.

The bitcoin source code has a max difficulty adjustment up or down of 4x from previous difficulty.

At most the effects would be short lived.

The reality is those with older hardware may soon retire the use of them and be unable to afford the next generation due to costs.
However many people that are choosing to enter the project may offset the issue.

[BlindMayorBitcorn]

Now we got a price where I really start to worry and think about to sell with a loss of 75%   At least I would have 25% more than in a few months when the downtrend continues. Two digits are close and it seems like there is no interest in BTC anymore. I said I will sink with the ship but seriously, that would be a huge loss for me.

There should be mutual funds. I'm a terrible trader, too. Financial freedom is hard

[podyx]

There is a risk that if too many miners go offline block creation may stall.

https://twitter.com/aantonop/status/555204849361362944
https://twitter.com/aantonop/status/555208610750296065

Wow things are not looking well...
Maybe it's time to finally get my coins out of cold storage... (not sure if I want to though as I have to put all money on exchange. If it were to somehow get hacked agani, I'll be fucked..)

[YourMother]

Jesus fucking christ


http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says

Jesus Fucking Christ indeed.

We are now seeing satanic bullards acting with brute force. This is what happens when you ban every bear in sight on this thread, just because you cannot deal with the negativity. You start to think that every Red snake on Bitstamp is a market manipulation and that the price will recover. You start living in this bubble of hope, day dreaming about Maserati's and Villa's in Costa Rica. Oh, well, you done fucked up, son!

Also, never, NEVER should a bulltard be a friend with a bear and on top of that live in the same apartment. Things could escalate pretty quickly.

Like i said before, just wait another week and you will see this...

[dwdoc]

But blocks are still being added briskly (4 blocks in last 10 min) which is good but weird.  

I spoke too soon. Last block took 47 min.

[idecable]

@ the current price, It's an opportunity to buy. Bitcoin cannot be stopped.

[hmmmstrange]

But blocks are still being added briskly (4 blocks in last 10 min) which is good but weird.  

I spoke too soon. Last block took 47 min.

Yesterday I shut down almost all my miners. Only keeping enough for heat.

[YourMother]

@ the current price, It's an opportunity to buy. Bitcoin cannot be stopped.

Wait till your enthusiasm will fade away, newbie. You will wake up with the biggest dildo known to man inserted right in your asshole. Bitcoin is cruel.

[abercrombie]

is crypto done??

[chopstick]

It's a troll bananza in here

[Brewins]

Meanwhile Ulbricht's trial is going one and no one seems to care.

For me it is more important than we returning to same level we were more or less 1 year ago

https://www.coindesk.com/silk-road-trial-new-york/

[Walsoraj]

https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/

Firstly，some news maybe are not true，it only flows in the weibo or QQ.（what is weibo or QQ，u can see them as facebook or skype，or log on wikipedia）
 
1、Chinese famous finance investor Duan Hongbin（端宏斌） said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V（investor holding many coin or cash）have transfer their eyes onto the a stock or Hongkong stock，especially when the Shanghai-Hongkong Stock Connecting  started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
 
At last: i also want to say WTF Chinese for those bad guys

Some clarification: https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/?p=61839

enrique11, on 13 Jan 2015 - 9:41 PM, said:
That's the interesting part that I don't understand.  What is going on with xrp in all this. From stephanlau's 2 point above it doesn't sound good:
 
"2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps."
 
This is he weibo
 
http://weibo.com/cha...eibo_s&nick=薛蛮子
 
He didn't say : clear xrp

 

[derpinheimer]

But blocks are still being added briskly (4 blocks in last 10 min) which is good but weird.  

I spoke too soon. Last block took 47 min.

Where do you see this? Is this really slow AKA bad? Hashrate still looks OK? I dont see how it would be economical for huge farms to shut down right now, too much introductory costs...

[Sitarow]

There is a risk that if too many miners go offline block creation may stall.

https://twitter.com/aantonop/status/555204849361362944
https://twitter.com/aantonop/status/555208610750296065

Wow things are not looking well...
Maybe it's time to finally get my coins out of cold storage... (not sure if I want to though as I have to put all money on exchange. If it were to somehow get hacked agani, I'll be fucked..)

I have imputed a 20% reduction in difficulty over an extended 21.4 day period between re-targets and these are the results at $100 and $200 using Bitmain 30xS3 as an example.

Please feel free to point out any issues with the equation.

BTC@$100 USD


BTC@$200 USD

[Walsoraj]

https://mobile.twitter.com/enej_p/status/464687586800570369/photo/1

 

[lightfoot]

I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.

Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.