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

[Okurkabinladin]

sell your coins you fucking retards

i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.


now go fuck your mother.

If I had a list of members who bounced from thread to thread saying weird offensive shit... You'd be on it, you hate filled toad

Hey tokeweed you fucking degenerate faggot.

Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?

It's almost like the jews have won.

He thinks, he is Eric Cartman.

[Coinshot]

Going down and down ...

I think it may go below 200 now. I had expected it to bounce up on Monday but the opposite happened.

[ChartBuddy]

Coin
Explanation

[Zombie123]

Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

[Cconvert2G36]

Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.

[noobtrader]

i think in mining perspective this is the lowest price possible at current difficulty.

 

[Cconvert2G36]

i think in mining perspective this is the lowest price possible at current difficulty.

 

Nope, around $200 before it hits the limit for antminer s3 around these parts. Significantly lower for S5 efficiency levels. Think $110-170 for the big industrial guys at current difficulty.

[noobtrader]

$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.

 

[Zombie123]

Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.

atleast that is what happened last time! after greece and other shit

[shmadz]

Lots of gloomy sentiment. Lots more to come perhaps. Never forget the long wait of 2012.

Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market.

It would allow for a great re-distribution. Also, the pressure on the miners would allow all sorts of other doomsday scenarios to be tested... what might happen when mining becomes unprofitable? When 51% attacks become feasible? Maybe even trivial?

If we could test these failure modes earlier rather than later we could prove or disprove the validity of the experiment. Either the whole thing would fail, or survive despite the worst case scenario.

Either way it would provide some kind of certainty...


I guess I'm just curious to learn the outcome of this grand experiment of decentralized money.

[Cconvert2G36]

$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.

 

There's been a slight blurring of things over the last year. Often(always) the hardware manufacturers themselves run big mines. They can pay for the facility rent/construction with hardware sales to retail. My projection would be much lower if I wasn't factoring that in.

I've got some coins I'm willing to ride till the end, or the beginning. But people should be careful walking that line of what they can afford to loose™.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[tabnloz]

Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat.  people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..

So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.

Not a flight to stability because bitcoin is not stable  . But if we see a large sovereign default or similar crisis the public may find it difficult to even be able to offload anything in a hurry. There should though, be a flight to considered safety, ie without counterparty risk. Derivative products, toxic MBS's, debt loads are globally connected through financial institutions. Think of Toxic MBS's in '08. Housing was the crack in the excessive risk taking / debt in the system. One asset that saw a rise was Gold, as tradition would dictate. Perhaps this time the crack will be something like Oil Junk Bonds - Oil company sells bonds to raise cash, hedging exposure @$80pb. Now if the price drops below $80pb the company is insured but who picks up the loss? Sure, the original bank who took on the risk but they've also sold part of it on down the line. It may be a Swedish pension fund, a Chinese investment company, an Italian managed fund etc, a Saudi SWF.


But it's possible that in this scenario people go only to cash, or collectibles or gold and shun bitcoin. Who knows? But Bitcoin is certainly out there, not wildly popular but on the conscious fringe of society; a global immutable, trustless, decentralised ledger "secured" by a digital token. Fair play if you want to talk down its chances, but it is at least worth having a small stake; the risk / reward ratio is high.

[thebitcoinquiz.com]

220 falling

Edit: someone on finex doesn't want to let go yet

Back to 222$. 
Do we hope to see it rising back to 250+ again within two weeks?

[SkyValeey]

Probably double bottom. Next could be pennant or triangle. We should see rebound to 233-250$ then new leg down.

[ChartBuddy]

Coin
Explanation

[noobtrader]

very last bit support at 210 and our last hope

if its broken may we goto 168 ?

[electronistul]

Whales will start buying rather soon, bears will remain hodling a bag. 

[Bitcoinbro]

very last bit support at 210 and our last hope

if its broken may we goto 168 ?

I dont think well go to below  $ 170 , even if it can go, it cant stay there for a week and will back to $ 200.
We have to have more faith in bitcoin right now. This is important for the coin.