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

[Paashaas]

Check out this pic, a great view how small Bitcoin is if you compare it with worlds money&markets.

That derivatives market

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

[fisheater22]

Couldn't they artificially pump up the price so all that mining hardware that must have cost fortunes,
can pay for itself as soon as possible?

If they could, why didn't they do it before their hardware became unprofitable, to simply boost their profits?
And why would anyone invest in a virtual asset which could be so easily manipulated?

Because the mining gear that accounts for the 220 mil GH/s network hash rate increase, came online only recently. Probably early
november.That investment needs to brake even fast. There is clearly demand out there, even at these prices but not to sustain it with out China's "help".

So what you're saying is until now, miners could afford to make less money, but now that they're stuck with all the new HW, they have to get serious? Is that the gist of it, or am I missing something?
Chinese exchanges are in business to make money. Miners going broke doesn't add any new tools to the exchanges' manipulation arsenal. If they could manipulate the price, they're already doing it.

[AlexGR]

Check out this pic, a great view how small Bitcoin is if you compare it with worlds money&markets.

That derivatives market

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

Silver is clearly off.

1 billion oz isn't the world's above ground supply, it's closer to the annual supply

Typical production of gold is 80-90mn oz per year, silver ~800mn oz.

[spooderman]

everybody ready for bitcoin's largest ever increase in difficulty?

[ChartBuddy]

Coin



Explanation

[fisheater22]

everybody ready for bitcoin's largest ever increase in difficulty?

Memories... What happened?

What the experts predicted a year ago:
http://foundersgrid.com/bitcoin-price

[Fatman3001]

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

[ssmc2]

everybody ready for bitcoin's largest ever increase in difficulty?

Sure, but what does it all mean, Basil?

[Fatman3001]

everybody ready for bitcoin's largest ever increase in difficulty?

Sure, but what does it all mean, Basil?

That I make less money.

[600watt]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

All of them??

Probably. at least 90%. If it don't scale, they're on sale.

Wow, you seem really afraid of it. How come it wasn't anything you feared before? Not aware of it?
You know conflict about the issue is a good thing. If everyone would be quiet about it, it'd be much worse.

the stuff that really fucks you in live, the stuff that pushes you right to your limits is not the stuff that you were afraid of (=were prepared for).

[AlexGR]

Bitcoin Difficulty:   93,448,670,796
Estimated Next Difficulty:   108,638,161,991 (+16.25%)
Adjust time:   After 2016 Blocks, About 14.1 days

Price spiking 

[spooderman]

bitcoin just got 20% more powerful

[sickpig]

bitcoin just got 20% more powerful

... in less the fourteen days.

[wachtwoord]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

All of them??

Probably. at least 90%. If it don't scale, they're on sale.

Wow, you seem really afraid of it. How come it wasn't anything you feared before? Not aware of it?
You know conflict about the issue is a good thing. If everyone would be quiet about it, it'd be much worse.

Probably. Maybe that's why we crashed so low in the first place. People were trading on the information before I and most everyone else knew about it. And it's very possible that we could go a lot higher before the issue actually affects network performance, but eventually it will.  and then god help anyone caught long. 

There is nothing wrong ergo no solution is needed. It works perfectly.

[Fatman3001]

Hop on the choo choo!!!

[spooderman]

the next few months are going to be hair raising. i much prefer the slow growth bitcoin but it just doesn't want to do that. it wants to rollercoaster and cause me to lose sleep.

it's like having a baby

[ssmc2]

Miners gonna mine

[DieJohnny]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

No you won't

[spooderman]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

No you won't

+1

[rtrtcrypto]

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.