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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483790 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
marcus_of_augustus
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July 19, 2015, 11:50:05 PM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.
Fakhoury
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July 19, 2015, 11:57:38 PM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?
ChartBuddy
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July 20, 2015, 12:01:32 AM

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TaurusBit
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July 20, 2015, 12:58:16 AM

Mmmm China waking up..

Will it go up or will it go down?  Huh
ChartBuddy
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July 20, 2015, 01:01:26 AM

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SheHadMANHands
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July 20, 2015, 01:02:49 AM

lol was that the big crash?

Torque
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July 20, 2015, 01:24:00 AM

I find it interesting the falling sell pressure on the 12h.  Clearly someone thinks we're bottoming out soon, and wants to go up.  StochRSI has bottomed here as well.
marcus_of_augustus
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July 20, 2015, 01:39:11 AM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.
noobtrader
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July 20, 2015, 01:57:23 AM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.

as i posted few month ago, i predict that the cost of production atm is about 120-250 usd  (120 if you dont pay electricity), now the difficulty is about maybe 5% higher. at next halfing then cost of production is 150-500.  and that would be the price range next year.
marcus_of_augustus
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July 20, 2015, 02:00:55 AM
Last edit: July 20, 2015, 02:51:47 AM by marcus_of_augustus

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.

as i posted few month ago, i predict that the cost of production atm is about 120-250 usd  (120 if you dont pay electricity), now the difficulty is about maybe 5% higher. at next halfing then cost of production is 150-500.  and that would be the price range next year.

If bitcoins are selling for $275 and someone is able to generate them for $120 (by your calculations which must include all costs) how can you explain that the difficulty is not increasing then? It doesn't make sense ... if I can generate bitcoins for ~100% profit I'm going to keep adding rigs, that's simple economics.
ChartBuddy
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July 20, 2015, 02:01:28 AM

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noobtrader
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July 20, 2015, 02:03:31 AM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.

as i posted few month ago, i predict that the cost of production atm is about 120-250 usd  (120 if you dont pay electricity), now the difficulty is about maybe 5% higher. at next halfing then cost of production is 150-500.  and that would be the price range next year.

If bitcoins are selling for $275 and someone is able to generate them for $120 (by your calculations which must include all costs) how can you explain that the difficulty is not increasing then? It doesn't make sense ... if I can generate bitcoins for ~100% I'm going to keep adding rigs, that's simple economics.

you miss 120 if you dont pay electricity (just the internet and maintenance) btw its quite difficult to find free electricity these days  Grin
BlackSpidy
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July 20, 2015, 02:40:12 AM

Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.
marcus_of_augustus
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July 20, 2015, 02:50:45 AM

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

How is that ?

Mining difficulty has almost flat-lined now for a few months which indicates bitcoin price is very close to marginal 'average' cost of production. At halving cost of production effectively doubles (same difficulty for half the reward) ... you should be able to do the rest of the math from there.

as i posted few month ago, i predict that the cost of production atm is about 120-250 usd  (120 if you dont pay electricity), now the difficulty is about maybe 5% higher. at next halfing then cost of production is 150-500.  and that would be the price range next year.

If bitcoins are selling for $275 and someone is able to generate them for $120 (by your calculations which must include all costs) how can you explain that the difficulty is not increasing then? It doesn't make sense ... if I can generate bitcoins for ~100% I'm going to keep adding rigs, that's simple economics.

you miss 120 if you dont pay electricity (just the internet and maintenance) btw its quite difficult to find free electricity these days  Grin

yeah and I can produce bitcoins for free if I don't pay for internet and maintenance and electricity ...  Roll Eyes
BlindMayorBitcorn
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July 20, 2015, 02:53:26 AM

Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.

About 5000 coins I think.

https://bitcointalk.org/index.php?topic=1127306.msg11916788#msg11916788
ChartBuddy
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July 20, 2015, 03:01:29 AM

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aztecminer
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July 20, 2015, 03:53:14 AM

cryptos is in its own world.. gold and silver are flash crashing while bitcoin tumbleweeds.. and ripple isnt even in this solar system... it did not know that anything even happened in greece... ask anyone ripplers if anything happened in greece. they have no idea... didn't even phase them.
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July 20, 2015, 04:01:33 AM

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ChartBuddy
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July 20, 2015, 05:01:26 AM

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BlackSpidy
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July 20, 2015, 05:07:38 AM

Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.

About 5000 coins I think.

https://bitcointalk.org/index.php?topic=1127306.msg11916788#msg11916788

Wow, and BTC-e is already back up at $270. Someone might have tried to start a crash (can that been done with 5000 coins?), but we're soldering through!
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