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

[hdbuck]

[gentlemand]

About the Moore's law and Intel CEO: the reason for slowing as i see is that market demand for rapid progression is slowing down - the average consumer PC/tablet/smart phone is "good enough" hardware to be ok already (office use, gaming, design, etc.), no pressure to upgrade every 1-2 years. So naturally, a hardware supplier will say "progress halted". If market demand would be huge for new computing capacity, they would spend way more on R&D, since they can profit on the new product, and Moore's law would hold up.

My laptop is 6 years old. I just bought another one the other day and the specs are only about 10-20% higher at a similar level.

Consumer hardware may well slow down to a crawl, in fact it pretty much has compared to progress through the 90s and early 2000s, but demand for storage and bandwidth will be ever increasing as more and more facets of life move onto the net and hard copies of media fall by the wayside.

[Fatman3001]

I understand, and it is a valid standpoint. I am agnostic in this blocksize debate, precisely because none of us can tell the future. Not FUDding at all, it will be sorted out one way or another, for economical reasons (too much people has too much capital - time, knowledge, money - invested in). Also, living in the present and thinking about the future - in my view - are not exclusive options.

About the Moore's law and Intel CEO: the reason for slowing as i see is that market demand for rapid progression is slowing down - the average consumer PC/tablet/smart phone is "good enough" hardware to be ok already (office use, gaming, design, etc.), no pressure to upgrade every 1-2 years. So naturally, a hardware supplier will say "progress halted". If market demand would be huge for new computing capacity, they would spend way more on R&D, since they can profit on the new product, and Moore's law would hold up.
for example, bitcoin mining was the main drive force behind new chip fabrication development in the last 2-3 years, precisely because it could turn on profit!

Your point is apt, but the current slowing of Moore's law has more to do with the physics of making smaller and smaller fabrication nodes. There is more money flowing into processor development now than ever before.

[sAt0sHiFanClub]

hmmyea... but no.

The CEO of Intel suggested 'Moore's Law' is finally coming to an end
http://uk.businessinsider.com/intel-ceo-brian-krzanich-suggests-moores-law-is-over-2015-7?r=US&IR=T

Intel scientists find wall for Moore's Law
http://www.cnet.com/news/intel-scientists-find-wall-for-moores-law/


when you dont qualify, you stfu.


edit: bonus: The impending end of Moore's Law is not Intel's biggest problem: http://www.itworld.com/article/2949368/hardware/the-impending-end-of-moores-law-is-not-intels-biggest-problem.html

Stupid f*ckwit.  

Moores law and Storage?  hdfuck would have to go to grade school to qualify as retarded.

[ChartBuddy]

Coin
Explanation

[madonnino]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

[adamstgBit]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

bottom?

probably not till you sell...

when are you going to sell?

[aztecminer]

we can't see the blood yet.. but we can sure smell it  . 

[BlackSpidy]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.

[Norway]

to be honest, linear chart looks massively oversold to me.

A lot of people still fail to realize, that in all probability, the last bubble was fueled by goxmoney that didn't actually exist.

Some people look at history logs. They are very interested in what happened yesterday. The last week. Last year. The last 500 years. They try to predict the future based on these old logs (like bitcoin wisdom). They try to see a repeating pattern that nobody else see. Which would give them a competitive advantage in bitcoin trading if it was true.

I look at future potential. I watch bitcoinwisdom to get the current number, not the graph. I'm old & cynical. I do my own math and considerations in trying to predict the future.

Today I checked, and discovered that allmost 10,000 people have watched my pie charts prediction tools. (They are worthless unless you assign your own probabilities to the different outcomes.)

Smart guys can use them, stupid guys respond to them with: "But I don't know how succsessful bitcoin will be?"

They are here:

https://imgur.com/KA8CuED

[dragonseer]

Well the DOW just went down 1089 points or something and Gold got an immediate boost, but not so Bitcoin. I just used the last bit of credit on my card to buy some more BTC at 217  USD. Now I've got some BTC, LTC, I even bought some Ripple and Ethereum in the last few days (mostly I diversified a little because of this fork debate). Someone is going to have to take a second look at blockchain tech in the wake of this 'Black Monday': http://www.usatoday.com/story/money/markets/2015/08/24/stocks-monday/32254435/

[rebuilder]

Well, at least you put a lot of effort into it.

Please stop enabling the local misanthrope.

[jertsy]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.

There's that big psychological barrier at $200 looming. If it goes below that the drop will be big and fast. Everyone's wondering if it's going below $200. It might only be a coincidence the stock market crash is happening on the same day that Bitcoin's going down, but you never know. Some traders might be dumping Bitcoins to make up for their huge losses on stocks and shares.

[Jammalan the Prophet]

Well the DOW just went down 1089 points or something and Gold got an immediate boost, but not so Bitcoin. I just used the last bit of credit on my card to buy some more BTC at 217  USD. Now I've got some BTC, LTC, I even bought some Ripple and Ethereum in the last few days (mostly I diversified a little because of this fork debate). Someone is going to have to take a second look at blockchain tech in the wake of this 'Black Monday': http://www.usatoday.com/story/money/markets/2015/08/24/stocks-monday/32254435/

How about you have another look right now?

[dragonseer]

Well the DOW just went down 1089 points or something and Gold got an immediate boost, but not so Bitcoin. I just used the last bit of credit on my card to buy some more BTC at 217  USD. Now I've got some BTC, LTC, I even bought some Ripple and Ethereum in the last few days (mostly I diversified a little because of this fork debate). Someone is going to have to take a second look at blockchain tech in the wake of this 'Black Monday': http://www.usatoday.com/story/money/markets/2015/08/24/stocks-monday/32254435/

How about you have another look right now?

Hmm I was looking at Gold vs AUD and it's the first time it's been above 1600 per ounce since February. But yes it didn't last long.

[TerraMaster]

Ya bottom feeders are scooping up stocks now like crazy... I'm sure the worst is over for the stock market. Wish I could say that for BTC 

[ChartBuddy]

Coin
Explanation

[rebuilder]

Please stop enabling the local misanthrope.

I just thought I'd point out why NLC is here for people who may not know.

No need, the trash gets swept away by the mods as long as people don't insist on spreading it around in quotes.

[kevindurant]

Btc-e 208$ down we go. That's some serious crash for 1 month. +300$ to 200$ now. Will we see under 200?

[serpicodk]

Btc-e 208$ down we go. That's some serious crash for 1 month. +300$ to 200$ now. Will we see under 200?

Where are these delusional bulls saying "we will not see 200's again" ??