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

[savetherainforest]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable!

How is it you still don't understand beetcoin?

I'm talking about being sustainable for them! ... Meaning they will have to pump the system to keep their price for them to make ends meet! 
But don't worry if big miners crash... the little guys will swoop in and mine for less yield.

[Assmaster2000]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable!

How is it you still don't understand beetcoin?

I'm talking about being sustainable for them! ... Meaning they will have to pump the system to keep their price for them to make ends meet!  
But don't worry if big miners crash... the little guys will swoop in and mine for less yield.

If big miners can't make money with nearly free electricity and economies of scale, little guys can't make any money by buying retail gear and paying consumer electric rates.
You'renotusingyourbrain.gif

Re. the rest of your thinkings, lemmy school you a little bit, ahm gonna give you a hand ... lemmy give you a helping hand...

1. Imagine yourself as a shrewd businessman.
2. You bought yourself a giant hula hoop factory.
3. To stay profitable, you need to sell a billion hula hoops a day, @ $5 per.
4. Turns out the Hula Hoop was a 50s fad, and the year is 2016. No one wants your shitty hulas.
5. You tell yourself that everything will be fine, people will start wanting to buy 1 billion of your hulas per day, because that's what you need to keep your operation profitable.

Is this how you imagine life works?
>they'll pump
You mean they'll buy the coins they mine? What do you mean by "pump"?

[savetherainforest]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

[Assmaster2000]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

>west will crave demand if the coin tap stops


Beetcoins are fungible, the ones mined in China are no different from the ones mined in the west, you can't "buy domestic," if that's what you're thinking. And industrial power rates are a thing in the west too, aluminum smelters aren't paying residential rates, more like 4 or 5 cents per.

BTW, wonder why exchanges don't do this more often.

They know exactly what it takes to burn the longs/shorts.

[savetherainforest]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

Beetcoins are fungible, the ones mined in China are no different from the ones mined in the west...

If you think the Great Chinese Communist Party does not keep tabs, regulate and makes regular audit production performance of each Bitcoin mining farm... you must be delusional!!!

They might fool them for 10-15% of their coins... but if they don't allow the outflow of coins out of their country... the west can't do sh!t about that. They have one of the most numerous police/military human resources on the planet, they will spy and protect the sh!t out of their assets for the greater good of their economic prosperity!

[Assmaster2000]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

Beetcoins are fungible, the ones mined in China are no different from the ones mined in the west...

If you think the Great Chinese Communist Party does not keep tabs, regulate and makes regular audit production performance of each Bitcoin mining farm... you must be delusional!!!

They might fool them for 10-15% of their coins... but if they don't allow the outflow of coins out of their country... the west can't do sh!t about that. They have one of the most numerous police/military human resources on the planet, they will spy and protect the sh!t out of their assets for the greater good of their economic prosperity!

Don't even know where to start with this ...
1. Ahm gonna make a wild stab here -- you're a kid? 15 to 18? How many years am I off by?  
2. Chinese government keeping or not keeping tabs on miners: irrelevant. China is where mining happens.
3. What does "allow the outflow of coins out of their country" mean? Are you talking about port-forwarding all port 8333 traffic here?

4. Why would Chinese commies not want to sell beetcoin tokens, made out of thin air and surplus electricity, into IRL American $$$?
5. Do you understand how beetcoin works? Do you understand how mining works?
6. RU BMB/USB-somethig_or_other? If so, step up ur gayem pl0x.

[savetherainforest]

4. Why would Chinese commies not want to sell beetcoin tokens, made out of thin air and surplus electricity, into IRL American $$$?

6. RU BMB/USB? If so, step up ur gayem pl0x.

Because of (4.) they may allow some corruption and leeway for the miners! ...

But yes... (6.) as I said they can trick the Chinese government smuggling equipment in remote places to mine coins! And they can also scheme them to not be transparent enough and make 10-15% from their total Bitcoin production and on some devices smuggle them out of the country and make the drop from an offshore account & profit!

And I'm just telling you that the communist ideology is a "share the love & share the pain" type of game. So if they make huge profits... for that free electricity. The Chinese gov will not allow them to be capitalist pigs! .. Ok? Sounds solid?


So basically... in conclusion... the West is f%&#*@ !!! We are at the mercy of the Chinese soon enough!

[Fatman3001]

Nice trollfest! Woooohooo!!!!

[Assmaster2000]

[img ]https://pp.vk.me/c320119/v320119546/89e2/sCiCt-D2q50.jpg[/img]

Nice trollfest! Woooohooo!!!!

Subpar. Like playing in a shitty noise band.



Just embarrassing

[r0ach]

I actually don't trade Bitcoin anymore because it's not volatile enough

lol?

[zimmah]

I actually don't trade Bitcoin anymore because it's not volatile enough

lol?

on a regular day you might see a top of $500 and a bottom of $490 for example

that's only $10 difference on $500 which is a small difference (2%) and it's hard to make profit from that, especially after fees. And a lot of the time the price doesn't even reach the daily top or bottom so the spread is even less.

[savetherainforest]

I actually don't trade Bitcoin anymore because it's not volatile enough

lol?

on a regular day you might see a top of $500 and a bottom of $490 for example

that's only $10 difference on $500 which is a small difference (2%) and it's hard to make profit from that, especially after fees. And a lot of the time the price doesn't even reach the daily top or bottom so the spread is even less.

Then change the exchange???  For example there are some with no transaction fees. ( but they might require more paperwork and might not be so anonymous )

[HairyMaclairy]

If beetcoin isn't volatile enough for you, you aren't using enough leverage.

[AlexGR]

4. Why would Chinese commies not want to sell beetcoin tokens, made out of thin air and surplus electricity, into IRL American $$$?

It's not like "IRL American $$$" don't come into existence from ...thin air. Post-gold-standard $$$ are a paper scam.

At least btcs are backed by energy and other mining costs.

[julian071]

Today I got my father to invest in BTC, instead of one the things his money was in, which was yielding a whopping 1,7% a year. Only thing is, it'll take a week to free his money and get it to Kraken. Problem with that is, BTC will probably be 10% higher by that time. So a kind request to NLC and the sockpuppet accounts that belong to the same person(s) to PLEASE put in a decent effort the coming week. You're not paid for nothing! Posting the same old pics of chinamen and my little ponies is NOT HELPING AT ALL. Please just put in a serious effort for one last week. Thank you.

[zimmah]

I actually don't trade Bitcoin anymore because it's not volatile enough

lol?

on a regular day you might see a top of $500 and a bottom of $490 for example

that's only $10 difference on $500 which is a small difference (2%) and it's hard to make profit from that, especially after fees. And a lot of the time the price doesn't even reach the daily top or bottom so the spread is even less.

Then change the exchange???  For example there are some with no transaction fees. ( but they might require more paperwork and might not be so anonymous )

it's not even worth the risk of trading for a profit that small. Not even with 0 fees.

[JayJuanGee]

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

True. If ETH continues performing as well as it did in the first half of 2016, it will surpass it by 2017. By a wide margin

O.k.  Assmaster... at this price point, if you are trying to figure out where to put your life savings of $50,000, and your three investment options are dollars, bitcoin and ethereum.  If your timeline is 5 years and then you will gain access to your investment, how you going to apportion that?  

I would probably put 95% in bitcoin 4% in ethereum and 1% in dollars, and that is being generous to those other investments.  I can see that others may have other points of view, but it would seem quite foolish to put anything less than 50% of your holdings in bitcoin..
 

[TReano]

What a spam again by all the wanna be millionaires lol

[TReano]

Looks like we found resistance.


Now Lets see if we are able to consolidate or face slow downtrend where all the enthusiast will buybuy. 

[savetherainforest]

I actually don't trade Bitcoin anymore because it's not volatile enough

lol?

on a regular day you might see a top of $500 and a bottom of $490 for example

that's only $10 difference on $500 which is a small difference (2%) and it's hard to make profit from that, especially after fees. And a lot of the time the price doesn't even reach the daily top or bottom so the spread is even less.

Then change the exchange???  For example there are some with no transaction fees. ( but they might require more paperwork and might not be so anonymous )

it's not even worth the risk of trading for a profit that small. Not even with 0 fees.

Well dunno ... but for example I have a legal right to criminal prosecution of the owners of the exchange that I do my trading on. Usually this happens when you are from the same country and especially if you are from the European Union or US.

And I did made 25% of my total bitcoin for this year in bitcoin ... and the fiat is almost double since I had my coins bought when it was 380$ ... I regret a bit not buying when it was 200$ .. I would have managed to make 10k euro's very quickly ... but I will be pleased with the future if I keep my +10% portfolio monthly increase!
But I have no transaction fees.. but I have a greater tax percentages when I pull my coins or fiat out of the exchange or place them in to the exchange. That's the only big bad mojo ... and another would be the low volumes for now. But from my analysis the exchange has an algorithm that makes good profits so I'm assured that all will be fine.