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

[soullyG]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

Oh boy, not sure my head can take much more...

[lightfoot]

Ya if you keep your fixed BTC rate your customers will go pay cash somewhere else.... cheaper than the fixed rate in BTC. Somewhere along the line you do need to compensate for your rates when BTC was low and you took the hit. I would reward myself a little extra for as long as you can, after all, the miners you maintain would not benefit the owners if they were not running  

Well, this is true to an extent: Technically the skills needed to fix these things are limited and as the value of bitcoin rises the value of repairing a miner rises as well. That was the logic I used to not raise prices when it was at $300; the miners were worth "less" therefore I should not charge the same amount in dollars since I'm trying to work the concept of value into bitcoin.

That said when it hit 900 I started decreasing my prices to compensate for the "new normal" instead of $600. I could re-price again at $1200, but at some point the constant re-framing of prices becomes a bit of a pain.

Thus it would be nice for bitcoin to stick at a price for awhile. :-)

C

[rolling]

New ATH on BTCe

[toknormal]

any other UKers here holding their breath for ~$1230 when we finally hit £1000?

Yes, me.

Hobular BTC blasting past $1200 like it was a tank rolling over 1-foot hedge.

[gentlemand]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

I will be officially impressed when that happens even if we got a wee boost from GBP's hopelessness.

[DARKHOLDER]

ATH (at least in China).

Go to 2k?

[TeeBone]

Holy shmoly, is this just the beginning of the parabolic move ! Nothing bearish on the charts.

[Meuh6879]

1089 Euros.

[lightfoot]

Wow.

[SnokkomBTC]

Join the bunker please

[offliberty]

Hello Bitcoinland  

Decided to finally create an account after a few years of lurking here on a regular basis.

HODLING, as always  

Hopefully we'll see 8888 CNY by tomorrow.

[spooderman]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

I will be officially impressed when that happens even if we got a wee boost from GBP's hopelessness.

haha true, BTC could stay right where it is until our beloved prime minister triggers article 50.

[julian071]

I was going to post something here but I decided against it. This is just to strange to make sense of for me right now. I'll just shut up and watch the charts.

[soullyG]

How the hell am i meant to concentrate at work with all this going on  

[razorramon]

Ya if you keep your fixed BTC rate your customers will go pay cash somewhere else.... cheaper than the fixed rate in BTC. Somewhere along the line you do need to compensate for your rates when BTC was low and you took the hit. I would reward myself a little extra for as long as you can, after all, the miners you maintain would not benefit the owners if they were not running  

Well, this is true to an extent: Technically the skills needed to fix these things are limited and as the value of bitcoin rises the value of repairing a miner rises as well. That was the logic I used to not raise prices when it was at $300; the miners were worth "less" therefore I should not charge the same amount in dollars since I'm trying to work the concept of value into bitcoin.

That said when it hit 900 I started decreasing my prices to compensate for the "new normal" instead of $600. I could re-price again at $1200, but at some point the constant re-framing of prices becomes a bit of a pain.

Thus it would be nice for bitcoin to stick at a price for awhile. :-)

C

maybe you should stick your price to hash power/generated btc per machine...like 10% of it...it is not like the miners make less money just because the price is rising...quite the contrary

[lightfoot]

How the hell am i meant to concentrate at work with all this going on  

You haven't quit your job yet?

(Assuming you're being paid in fiat. If bitcoin then you should be touching yourself with glee!)

[lightfoot]

maybe you should stick your price to hash power/generated btc per machine...like 10% of it...it is not like the miners make less money just because the price is rising...quite the contrary

*THAT* is a good idea, and honors the fact that this is a bitcoin to bitcoin transaction, not some fiat fiat using bitcoin like Amex or Western Union or greasy bits of paper.

I'll see how I can approach this.

[HI-TEC99]

My browser keeps losing the connection to bitcoinity. It's probably overloaded with all the extra people accessing it with each $10 more up. Is anyone else having problems with it?

[European Central Bank]

My browser keeps losing the connection to bitcoinity. It's probably overloaded with all the extra people accessing it with each $10 more up. Is anyone else having problems with it?

fine for me. but i'm not moving around very quickly. i've got it on in the background and checking occasionally for new gifs.

[lightfoot]

Just got back from lunch where it was at 1050 or so. Loaded up bitcoinwisdom: