dropt
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October 18, 2015, 05:20:08 AM |
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Price seems to be going downhill, what do you guys think? Can it remain stable at 265, or will it go entirely down to 230 because of a huge pump and dump?
Don't see any dumps yet, shorts increasing. I'd feel okay holding $265-$270 while this cools off for a minute.
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Patel
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October 18, 2015, 05:47:05 AM |
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Price seems to be going downhill, what do you guys think? Can it remain stable at 265, or will it go entirely down to 230 because of a huge pump and dump?
I think $245 is the number to watch, then uptrend again.
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ChartBuddy
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October 18, 2015, 06:01:50 AM |
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Fatman3001
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October 18, 2015, 06:09:12 AM |
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... What is the logic behind upgrading (investing in new gear) 'when things are as marginal as they are now'? Wouldn't it make more sense to simply keep the old gear running, with no additional investment, while it's making money? If you have paid for a 500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on, It makes a lot of sense to migrate to a more power efficient miner and turn your 500TH facility to a 1.5PH facility. I see. New gear cost/downtime/teardown/buildout labor are all negligible; new gear always works as advertised and arrives on time. Success assured! BTW, while I'm on this positivity kick? Here's a thought: If not too late, those 'dutch and belgian mining operations with 20 cents per kw/h' shouldn't go out of business! My Simple Plan: preorder some new, more efficient gear & go with that new trend you've told me so much about, the one 'that involves not putting bitcoin mines in the tropic.' You with me thus far? It only gets better! Yeah, we move that new gear right into a '500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on' but, get this, this is the disruptive bit -- will blow your black swan right out of the f8ckin' water & totally shift your paradigm. Ready? BONUS! Our new '500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on'? Located where they charge us < 20 cents per kw/h!! PROFIT!
1. Sell 500 PSUs to some idiot who thinks mining is profitable. 2. ditto for lan cables/industrial fans etc. 3. strip out all the wiring/copper plumbing from 'facility,' sell to scrapper. 4. let the police and the tax man landlord miss you. In all things mining, we must emulate our ideal: friedcat! Poor lambie. So you got fucked over trying to mine? It happens to the best of us (Not really, but I think that's what I'm supposed to say).
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ranlo
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October 18, 2015, 06:23:58 AM |
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Price seems to be going downhill, what do you guys think? Can it remain stable at 265, or will it go entirely down to 230 because of a huge pump and dump?
I think $245 is the number to watch, then uptrend again. Think there's a chance to hit and stabilize at $300 this year? Over a month left, and tons of positive news lately. It's going to be interesting to watch.
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r0ach
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October 18, 2015, 06:31:28 AM |
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Halving will take it to $400. The increased media attention might create another bubble to go much higher.
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ChartBuddy
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October 18, 2015, 07:01:46 AM |
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ChartBuddy
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October 18, 2015, 08:01:47 AM |
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peonminer
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October 18, 2015, 08:12:48 AM |
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Halving will take it to $400. The increased media attention might create another bubble to go much higher.
We will see a fallout right after 300-320 back down again to around 240-220 over a month. Then Dec-Jan-Feb we will hit 310 again.
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Fatman3001
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October 18, 2015, 08:16:20 AM |
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Shorts are up, longs are down
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ChartBuddy
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October 18, 2015, 09:01:51 AM |
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yefi
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October 18, 2015, 09:22:31 AM |
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I think he might also have been talking about the thing on his head Oh, I thought that was the shape of his head. Couple of bolts, and you have yourself a Mary Wollstonecraft monster right there.
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ChartBuddy
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October 18, 2015, 10:01:58 AM |
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ChartBuddy
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October 18, 2015, 11:02:00 AM |
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ChartBuddy
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October 18, 2015, 12:02:09 PM |
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BlindMayorBitcorn
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October 18, 2015, 12:15:16 PM |
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I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news? Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".
Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.
"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:
"This time it's not speculative trading but based on them getting sucked into this ecosystem." https://twitter.com/YourBTCC/status/654273706013798401?lang=en"South Africa" must include a many of the poorest and least educated people there. Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World... May you all go broke, and burn in hell... Hehe. Thanks for the cross-post, Professor. https://www.reddit.com/r/Buttcoin/comments/3p2mot/butts_allegedly_being_used_by_sergei_mavrodis/*Waves* Hi Butters! Found this: https://www.facebook.com/MMMGlobalRBThis run may not end well Tin foil hat time: Notwitstanding Jorge's sudden indignation, in fact this particular scam is nothing new; I found videos back to January. But I know some higher-ups in the PRC have told Bobby Lee personally that they don't want another speculative bubble. So Lee points to the MMM. But all signs still point to China.
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oda.krell
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October 18, 2015, 12:18:54 PM |
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Moments like this, I wish I could look ahead around a year (well, July 2016 more specifically), then go back to now. Not to trade it, but, don't know, simple curiosity.
It's so tempting to attribute (at least partially) the current trend to early halving anticipation, similar to how the November '12 halving is likely to have contributed to the emerging of the next pricing era (with upper bound quadruple digits, and unlikely to go back to double digits).
At the same time, it's probably too early for it, and I expect the halving impact to be more smoothly priced in, since the market is (slightly) more mature today than it was in 2012.
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r0ach
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October 18, 2015, 12:55:22 PM |
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higher-ups in the PRC have told Bobby Lee personally that they don't want another speculative bubble.
Didn't stop government insiders from trying to front run the recovery in China under penalty of death. May you all go broke, and burn in hell...
The price didn't moon yet, you can still get in now.
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ChartBuddy
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October 18, 2015, 01:01:54 PM |
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yolalanda
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October 18, 2015, 01:15:34 PM |
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... It's so tempting to attribute (at least partially) the current trend to early halving anticipation, similar to how ...
...animals can predict disaster? An elephant trumpets wildly, breaks a chain holding it to a tree, and flees to higher ground — just before a massive halving crashes ashore, drowning hundreds of thousands of people. Did the elephant know the deadly halving was coming? That’s the question explored by NATURE’s Can Animals Predict Disaster? -- http://www.pbs.org/wnet/nature/can-animals-predict-disaster-introduction-2/134/
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