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

[savetherainforest]

This is why the DAO is up 13%. It's for our wickedness. We're the Lot's wife of crypto.

Is that landscape from Mars?

Btw ... here is a forecast for the year 2025! ... it is "very funny!" ... Looks like in America 250+ million people will die dissapear: http://www.deagel.com/country/forecast.aspx?pag=1&sort=GDP&ord=DESC

Another world war maybe? ... Plague outbreaks and nuclear wars where not included in to the forecast.

Also the GDP of most countries is destroyed decimated!... I think it has some explanation there on that site why those forecasts will somehow happen!(mini ice-age&economic collapse, but mostly food/famine related)  .. Dunno.. don't ask me.. illuminati??

[BlindMayorBitcorn]

It's on the moon 100 years ago or in the middle of Kansas now.

Goodnight Bitcoinland. You insane degenerates.

[Moria843]

Been mining since when profitable to do on CPU. Price needs to double after halfing for me to keep mining. Not likely. More profitable trading, sellinf coins I bought cheap. We'll see what happens.

[gogodr]

It's on the moon 100 years ago or in the middle of Kansas now.

Goodnight Bitcoinland. You insane degenerates.

You're the biggest insane degenerate in the bunch! 
Goodnight.

[MinermanNC]

Been mining since when profitable to do on CPU. Price needs to double after halfing for me to keep mining. Not likely. More profitable trading, sellinf coins I bought cheap. We'll see what happens.

Yep, still banking on btc going to 800+ to keep miners somewhat happy.... keep things rolling. Time is near lol may not get there by the time it halves but shortly there after,,, has too

[marcus_of_augustus]

Been mining since when profitable to do on CPU. Price needs to double after halfing for me to keep mining. Not likely. More profitable trading, sellinf coins I bought cheap. We'll see what happens.

Thanks for the info, this is the kind of stuff that is worthwhile absorbing. I think you'll be fine, after halving it will be targetting $900+ easily.

[marcus_of_augustus]

Since Jihan Wu of Antpool threatened to boycott SegWit his Antpool has lost 6% of total hashrate (was 23% now 17%)
https://blockchain.info/pools?timespan=48hrs
... maybe miners are repulsed by pool operators who want to dictate policy.

[Chef Ramsay]

Bitcoin Block Reward Halving Countdown:
Only 10 more days!

Reward drop ETA: Sat, 9 Jul 2016 22:18:50 GMT

This is the face of this upcoming halving. Bullish? Yes, months afterwards. Stick around for the moonshot.

[r0ach]

Stop selling God damn it!

Sorry, I need one more dip below 600 and then will join you.

[JayJuanGee]

Been mining since when profitable to do on CPU. Price needs to double after halfing for me to keep mining. Not likely. More profitable trading, sellinf coins I bought cheap. We'll see what happens.

Yeah, but the price already doubled, more or less in the past several months.

Think about a large majority of 2015, the price was floating in the lower to mid-200s for a large part of that year.

So our current price of $630 is about 2.5x of those mid $200s level.  Are you saying that we gotta get double from here?  What is the base upon which price needs to double in order for regular folks to still mine with their existing equipment, such as yourself?

On the other hand, I do not disagree with your point that trading and buying is likely more economical than mining.. that has probably been true for at least a couple of years now, even if not for quite a bit longer than that.

[Adrian-x]

This is why the DAO is up 13%. It's for our wickedness. We're the Lot's wife of crypto.

Is that landscape from Mars?

it's an r/bitcoin troll on his back with a hardon, he stuck around a little too long and forgot to pull up his shorts before the sun rose.

on another note, the halving if it's anything like the last one will be anti climactic until the reality of reduced liquidity takes effect. The last halving rally peeked too early and then again much later once liquidity dried up.

last time we didn't know what to expect, and this time we are headed into it with another unpredictable complication a very stubborn limit on transaction volume.

I think it's going to have a negative effect on growth, but we have to wait and see how it plays out. I hope you are all here to play the next one 4 years from now. 

[Karartma1]

This is a kind of good price (with current block reward) for miners given certain conditions are met and these are:
.low electricity rates
.high-end cooling systems
.powerful asics coming in at a slower rate.

But after the halving for today's miners to be profitable (and willing to contribute to the network) this price is not enough. It should be well beyond 1000$


I mean anyone can do the maths

[AliceGored]

Since Jihan Wu of Antpool threatened to boycott SegWit his Antpool has lost 6% of total hashrate (was 23% now 17%)
https://blockchain.info/pools?timespan=48hrs
... maybe miners are repulsed by pool operators who want to dictate policy.

Nullc ain't got time for people voting with their CPU's... Besides, he might even be satoshi, here to fix all the mistakes he made in the original design:

Where nullc conclusively demonstrates that free market incentives will never work for Bitcoin mining:



Miners must never be called upon to determine the size of their own blocks. This power shall be centralized into the hands of the Core technicians, thus correcting an extreme mistake and oversight in satoshi's original design.

Extra points for using the emotional buzzword "censoring" to describe rational economic behavior of miners in the operation of their business.

Dragon want $700 2nite?  He's gonna have to get through those 2200 coins at $650 first.

[JayJuanGee]

last time we didn't know what to expect, and this time we are headed into it with another unpredictable complication a very stubborn limit on transaction volume.

I think it's going to have a negative effect on growth, but we have to wait and see how it plays out. I hope you are all here to play the next one 4 years from now. 

Pretty much a non-factor in terms of limiting growth of bitcoin and upcoming expected transactions. 

Accordingly, there are timely scaling solutions in the pipeline, and various assertions over the past 6 months or so regarding some kind of actual technical problem have been largely overstated and exaggerated, and most BTC knowledgeable investors have come to realize that the scaling issue hype has been largely price suppression propaganda more than any actual or meaningful technical problem in bitcoin.... funny how people want to continue to talk about this scaling matter as if it is some kind of thing that is currently negative for bitcoin rather than the actuality that it is bullish for bitcoin because of the realization that a lot of that was price suppression bullshit.

[AliceGored]

last time we didn't know what to expect, and this time we are headed into it with another unpredictable complication a very stubborn limit on transaction volume.

I think it's going to have a negative effect on growth, but we have to wait and see how it plays out. I hope you are all here to play the next one 4 years from now. 

Pretty much a non-factor in terms of limiting growth of bitcoin and upcoming expected transactions. 

Accordingly, there are timely scaling solutions in the pipeline...

No kidding, it's like he knows nothing about segwit in April.

[AmazonStuff]

Dragon want $700 2nite?   He's gonna have to get through those 2200 coins at $650 first.

When BTC goes up, I don't see dragons, I see this scene It actually describes what is going on at that moment on BTC market, bears are on their knees, engines are roaring loud and what we had few moments before was a flat line like the ocean in the scene

https://www.youtube.com/watch?v=jWcaAmTO2TE

P.S. No, I don't use drugs nor I have visions or mental issues (Or I'm not aware of those)  

[hatshepsut93]

Who else is tired of this 630 bullshit? We need 680 in the next 24h

[podyx]

Who else is tired of this 630 bullshit? We need 680 in the next 24h

[savetherainforest]

This is a kind of good price (with current block reward) for miners given certain conditions are met and these are:
.low electricity rates
.high-end cooling systems
.powerful asics coming in at a slower rate.

But after the halving for today's miners to be profitable (and willing to contribute to the network) this price is not enough. It should be well beyond 1000$


I mean anyone can do the maths

Keep telling yourself that if it makes you feel better.

But!!!...

(1) Free electricity because... courtesy of the communist party.

(2) Hardware Manufacturers located in China. Meaning that even if they get 2nd hand, cheap and custom made hardware equipment, they have no border VAT tax, or probably they get their sh!t free.. again.. courtesy of the communist party!

(3) Hearing all these... you should not expect a normal, stable and predictable growth! ... Try to think you are playing against a psychopath holding tons of bitcoins and infinite fiat, courtesy of the communist party ... again! ... They can't lose fiat .. I explained this like 20 pages ago.... If the exchange is in China... cooperating with a China bank... that just means that the bank can just hold the cash and without even moving it. Meaning the bank holding the bag can't lose... and the China Gov will pay anything to their people since they hold a check in blank! .. And coming back to my psychopath! ... China does this on purpose to rip of the investors (their people!) ... So basically expect unexpected mindF*** games, House of Cards style! F.rank U.nderwood is proud of China!

Prepare yourself mentally for many of those "Aham moments!" ... and "Surprise MotherF*%@&!$!!!" moments! ... For them is just a game where insider trading is a common practice!

[lord raiden]

Who else is tired of this 630 bullshit? We need 680 in the next 24h

WORD. we building up a symetric triangle comimg from up.
so symetric tryangles can break through both directions.. so the chance is 50/50... had somone a coin to flip `?

http://forextradingstrategies4u.com/wp-content/uploads/2015/06/symmetrical-triangle-chart-patterns.jpg