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

[Sitarow]

Not much has changed in the last 12+ hours. Ltc/BTC
2015-30-1


Not much has changed in the last 12+ hours. LTC/BTC
00:44 2015-31-1 EST

[ChartBuddy]

Coin
Explanation

[mestar]

namely Bitcoin miners who, below $400, likely operate at a loss.

[    ] operate at a loss
[ X ] do not operate

[ChartBuddy]

Coin
Explanation

[Stargazer]

Looks about right  

Hold the pace! That line rises about $100 per year.  Buckle in!  

Unless that is the flat before the hyperbolic rise?  Still too long.  Moon viewing isn't going to wait that long.

If this trend line is correct we are a bit oversold at the moment.

[ChartBuddy]

Coin
Explanation

[catena5260]

namely Bitcoin miners who, below $400, likely operate at a loss.

[    ] operate at a loss
[ X ] do not operate

if below 400 they operate at loss, then we would see a big fall in the hashrate.

But it keeps increasing

[Afrikoin]

Perma holder her too! Stay calm people!

[pinky]

namely Bitcoin miners who, below $400, likely operate at a loss.

[    ] operate at a loss
[ X ] do not operate

if below 400 they operate at loss, then we would see a big fall in the hashrate.

But it keeps increasing

Hashrate is quite stable for some months now. This means that miners are not really adding. Miners have very different operating costs - some of them still need to pay off for equipment while others only pay for electricty and some other costs like rent.

[Morecoin Freeman]

I'm very very bullish today!

[Richard Branson]

Perma holder her too! Stay calm people!

You compare a gold chart with 20% dips with BTC with 90% dips?
Not to mention the 13 months long bear market.

[ChartBuddy]

Coin
Explanation

[Afrikoin]

Perma holder her too! Stay calm people!

You compare a gold chart with 20% dips with BTC with 90% dips?
Not to mention the 13 months long bear market.

Look at it again and think harder! This is a 10 year chart. COmpare this with BTCs life history chart.

See my point now?

[gibbtek]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

Dunno, the arb between Stamp and Bitfinex would have me concerned with the former.

Here's a code if you want to risk trading there. None of the exchanges seem completely safe to me.

x5K9YtL3Zb

Thanks.

And will proceed with the appropriate amount of caution

[catena5260]

why not OKcoin? You can leverage 20x, finex only 3x or something

[Ezmoneyezlife]

Looks about right  

Hold the pace! That line rises about $100 per year.  Buckle in!  

Unless that is the flat before the hyperbolic rise?  Still too long.  Moon viewing isn't going to wait that long.

If this trend line is correct we are a bit oversold at the moment.

Yep, 4hr macd is about to cross so china is going to create another bulltrap to ~250$ before falling below 200$

[ChartBuddy]

Coin
Explanation

[macsga]

Perma holder her too! Stay calm people!

You compare a gold chart with 20% dips with BTC with 90% dips?
Not to mention the 13 months long bear market.

Look at it again and think harder! This is a 10 year chart. COmpare this with BTCs life history chart.

See my point now?

That is an interesting chart. If you look the perspective (and ignore the trolls) you may see similarities in the pattern. Thanks for this Afrikoin.

[JorgeStolfi]

Perma holder her too! Stay calm people!

You compare a gold chart with 20% dips with BTC with 90% dips?
Not to mention the 13 months long bear market.

The gold chart would look less reassuring if 2014 were included too...

[entertainment]

Looks about right 

The only problem is the candle of this week.... It's a clearly indicator of a bearish market. Probably the most bearish weekly candle in the history of Bitcoin, I coudln't find one similar.