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Question: What year will we achieve a new ATH?
2019 - 37 (27.4%)
2020 - 56 (41.5%)
2021 - 31 (23%)
2022 - 6 (4.4%)
2023 - 1 (0.7%)
Never - 4 (3%)
Total Voters: 135

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21176349 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. (24 posts by 13 users deleted.)
jojo69
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March 18, 2018, 11:43:16 PM



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?
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1558663664
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Reply with quote  #2

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TERA2
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March 18, 2018, 11:50:31 PM

Anyone who talks about the 'cost of production' can be immediately ignored as they obviously dont understand the most fundamental concepts about bitcoin.
nazzer
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March 18, 2018, 11:53:03 PM



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.
marcus_of_augustus
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March 18, 2018, 11:53:49 PM

G20 holds fire on crypto-regulation ... way clear for ETFs?

No.  G20 says crypto too small to regulate. SEC says crypto too small for ETFs.

NO no, not exactly. SEC said there were no regulated exchanges trading bitcoin so ETF was on hodl. CBOE and CME now both trading bitcoin futures ... so I call your no and raise you a big NO.

Bitcoin futures on CBOE and CME aren’t trading Bitcoin.  They are cash settled ...

I never said otherwise and am well aware of that.

But how do you think they are hedging those cash-settled futures positions? With weather futures?

Seems to be quite a few irate bears trying to defend their positions around here ... feeling a bit salty about those shorts gone on at the death-cross?

Anyone with experience in commodities markets knows that you don't put shorts on at cost-of-production prices ... that's suicidal picking up pennies in front of the steam-roller trading.
marcus_of_augustus
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March 18, 2018, 11:55:13 PM

Anyone who talks about the 'cost of production' can be immediately ignored as they obviously dont understand the most fundamental concepts about bitcoin.

hahaha ... fuck tera how can you still not get it after all these years? has that cancer spread to your brain or something?
fragout
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March 19, 2018, 12:05:20 AM

Wow. The second the daily candle closed +$200 and counting.
The misery index was ATL today.
FSB news seems to be the kick btc needed.
Remember, all or most of the new cash that came into crypto last year is still there, although it has likely changed hands in a lot of cases.
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March 19, 2018, 12:07:00 AM

scum
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March 19, 2018, 12:09:10 AM



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.

The cointelegraph article says replacing equipment costs more than half of the cost of production.


https://cointelegraph.com/news/fundstrats-tom-lee-reports-bitcoin-mining-now-less-profitable-due-to-falling-btc-prices

Quote
The model Fundstrat used for calculating the cost of mining one BTC includes the cost of equipment, overhead such as sustaining cooling apparatuses, and the cost of electricity, assumed to be 6 cents per kilowatt. The head of quantitative data science at Fundstrat, Sam Doctor, said that the cost of replacing equipment takes up more than half of the overall cost of mining.
bones261
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March 19, 2018, 12:10:52 AM

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



Hello, this is your margin call.





Anon136
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March 19, 2018, 12:12:10 AM

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

Quote
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.
d_eddie
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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?
Rosewater Foundation
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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.
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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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