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Question: Closing BTC Price June 17:
$0 - 2 (1.8%)
<$6,500 - 7 (6.1%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.8%)
$7,001-$7,250 - 3 (2.6%)
$7,251-$7,500 - 6 (5.3%)
$7,501-$7,750 - 4 (3.5%)
$7,751-$8,000 - 12 (10.5%)
$8,001-$8,250 - 13 (11.4%)
$8,251-$8,500 - 6 (5.3%)
$8,501-$8,750 - 6 (5.3%)
$8,751-$9,000 - 11 (9.6%)
$9,001,$9,250 - 10 (8.8%)
$9,251-$9,500 - 9 (7.9%)
>$9,500 - 15 (13.2%)
$20,000 - 7 (6.1%)
Total Voters: 114

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21223514 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (64 posts by 15 users deleted.)
bluebits
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March 19, 2018, 12:15:23 AM



Something is wrong. This glade is alot shorter than predicted.

The drop got ahead of itself here? The price is anchored by the most recent traded price, that is all there really is with something like BTC. Mar 7 dump seemed to spook things. If destiny remains 5.5k, this mini pump could mirror something like Jan 17 or Feb 2. A run up to mid/hi 8s, then resume panic crash mode?
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Reply with quote  #2

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scum
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March 19, 2018, 12:16:57 AM
Merited by WhatsBitcoin (1)

FSB news seems to be the kick btc needed.
What is this "FSB news" that you speak of?

The Financial Stability Board (FSB) decided to go easy on bitcoin.


https://www.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUSKBN1GU0SF

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The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin.
Last of the V8s
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March 19, 2018, 12:19:34 AM
Merited by WhatsBitcoin (1)

FSB news seems to be the kick btc needed.
What is this "FSB news" that you speak of?
One international agency (financial stability) announced to the G20 it's not going to regulate 'cryptoassets'.
The knife will come when we hear the AML agency's (FATF) report.

edit: oh hey! thanks
BlindMayorBitcorn
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March 19, 2018, 12:22:45 AM

Just checking in. Is it safe?
Last of the V8s
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March 19, 2018, 12:25:37 AM

Just checking in. Is it safe?
Hi! Notrly safe. Maybe for a few days. Then more nasties. Unless miracles.
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March 19, 2018, 12:31:48 AM
Merited by bitebits (1)

Just checking in. Is it safe?
Hi! Notrly safe. Maybe for a few days. Then more nasties. Unless miracles.
I entered the market during a downturn about exactly as disgusting as this one. I was slopping around like a pig in cheap coins while everybody around me was losing their shit. The karma is killing me.
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March 19, 2018, 12:33:29 AM

Just checking in. Is it safe?
Mayor! Good to see your head out of the sand. Jimbo also got in just a minute to say hello. Regards to Rosewater. Need a shovel before you go or is that hole on the beach still good?
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March 19, 2018, 12:34:13 AM
Merited by Last of the V8s (1)

I'm going to miss the mayor though




Mayor! Good to see your head out of the sand.
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March 19, 2018, 12:37:07 AM
Merited by u9y42 (1)



Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme.



wait just a minute

The FUDsters have been in here claiming that BTC is going to fall to the cost of production, which they put around @1000.

Just which the hell is it?

At current difficulty, mining 1 BTC costs around $3000-$4000 depending on electricity costs - not including capital outlay.

Again...they cost $4000 to mine and they can't make money selling them for $8000?

which the fuck is it?

edit 1/

Oh hey

da Mayor in da House yo

edit 2/

OMG guys, I just figured out what this means; Bitcoin really is a tool created by a three letter agency...only the government could lose money selling something at a 100% markup.
Rosewater Foundation
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March 19, 2018, 12:42:45 AM

Should we be looking to the Futures after all? Did they call this and then make it happen?
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March 19, 2018, 12:49:15 AM

Should we be looking to the Futures after all? Did they call this and then make it happen?
No it was your Mark Carney. The other day he was all 'it's such shit'. Just today though he's like 'meh it's too small to give a shit.'
Or it was TA lol.
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March 19, 2018, 12:51:23 AM

Should we be looking to the Futures after all? Did they call this and then make it happen?
No it was your Mark Carney. The other day he was all 'it's such shit'. Just today though he's like 'meh it's too small to give a shit.'
Snowbird got nothin' better to do. smh
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March 19, 2018, 12:53:32 AM


At current difficulty, mining 1 BTC costs around $3000-$4000 depending on electricity costs - not including capital outlay.

Again...they cost $4000 to mine and they can't make money selling them for $8000?

which the fuck is it?


It's $3000-$4000 in electricity to mine a bitcoin plus $4000 in equipment costs. The electricity plus mining equipment costs makes it about $8000 to mine a coin.

At least that's what cointelegraph says. The mining equipment must be fucking expensive, and miners must need a hell of a lot of it judging by this mine.

bluebits
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March 19, 2018, 01:01:16 AM

Can anyone come up with even a half-plausible explanation for the G20 to had any effect what-so-ever on the price?

They don't just all meet in a room, create and enforce global policy. At best it is small incremental amounts of policy coordination worked through each national government. This should be seen as .1% of the puzzle compared to the real action, the natural price cycles of waay way up, and what comes after..
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March 19, 2018, 01:02:45 AM

Can anyone come up with even a half-plausible explanation for the G20 to had any effect what-so-ever on the price?

They don't just all meet in a room, create and enforce global policy. At best it is small incremental amounts of policy coordination worked through each national government. This should be seen as .1% of the puzzle compared to the real action, the natural price cycles of waay way up, and what comes after..

Wasn't this crash a mirror image of the last crash. I think TA lol was on to something
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March 19, 2018, 01:10:00 AM

(img snipped for legibility)

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

I checked that page, but I don't get the point. It seems to have been written in 2017 and updated.

Quote
*Btw whoever made this TA is a fucking genius and a legend.

The statements and predictions are generic, and there are whole orders of magnitude between alternatives. Are you being serious or sarcastic?


I don't know what you're looking at, but it looks to me like he absolutely fucking nailed it:


(relevant "comment by img" snipped for legibility)
Allright, that's too many knowledgeable voices defending this analysis, including fabiorem and possibly others not quoted here. I guess I must be wrong and just failed to see value in that post. Maybe I should read it again, with more attention.

The chart Fabiorem posted showed a very different scenario just a few months prior. So, I think you were largely right.

That dude just throws out a bunch of scenarios, and happened to nail one. Still, I've gotta give him some credit.
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March 19, 2018, 01:18:14 AM
Merited by cAPSLOCK (2)

Can anyone come up with even a half-plausible explanation for the G20 to had any effect what-so-ever on the price?

FUD.
Last of the V8s
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March 19, 2018, 01:21:49 AM

Can anyone come up with even a half-plausible explanation for the G20 to had any effect what-so-ever on the price?

FUD.

It was. fud relief and TA lol coinciding.
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March 19, 2018, 01:25:10 AM

Should we shed a tear for many of the bears today?  Cry Cry



Hello, this is your margin call.






Cheesy
bluebits
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March 19, 2018, 01:27:10 AM

I might need to adjust my models here, your explanations kind of make sense. Make-believe prices being swung be make-believe events, why not-
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