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

[Dakustaking76]

Maybe someone remember we dipped to €4700 2 months ago ore something
That was the bottom, maybe iT Will break this time?


I hope not Ofcourse But were still bleeding in 3 months now...

[pacman7331]

Because their electricity costs are currently still lower than their marginal cost of production, you numpty.  

If you’re going to troll, at least apply some brainpower first.

Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.

So what you are saying is that if bitcoin doesn’t go up? It goes down?

  

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.

There is stability for those who bought at 250.
They couldn’t care less if it was 20k or 7k.
But, People invest in bitcoin because of the volitility.

I don’t care if mining plantations go into debt.
They don’t have to do that.  But the price of mining sets the bottom price of bitcoin’s value.
If it goes below yea they have to either get a loan or stop mining. Thus the price will either bottom or go down and bring difficulty down.

[conspirosphere.tk]

When the pink wojacks appear on /biz/ is usually a sign of a local bottom. About now it may make a double bottom.

[JayJuanGee]

Pigs will always get slaughtered, and everyone who expected the bullrun to just continue after 2017 Dec, were greedy little pigs who got what they deserve. Same here, with pigs thinking that every little spike upwards marks a trend reversal to a new bullrun. These pigs will also get slaughtered. Everything is the same as 2014.

I nominate JayJuanGee for Lord of the Pigs.

Explain ur selfie roachie poachie.

What makes me a BIG pig, exactly?   

Don't I have a sustainable strategy that involves accumulation of BTC by buying when the price goes down and selling when the price goes up?  Is there something greedy about that?

Am I not gambling on every little turn of the BTC price by attempting to bet everything in one direction or another, but instead I am employing, incrementalism in my buy/sell approach, no?

Are you dissing me, because I don't buy into your more, supposedly conservative, PM point of view that actually doesn't really seem to hold value too well?

It seems that I don't follow your specific "knowledgeable" writings enough in order to understand how you would be arriving at your seemingly nonsensical conclusion to classify me as a kind of BIG pig within the subject matter of this thread.  Explain ur selfie.

I think that with less caffeine you would be normal.

How would you know what is normal or not?  Are you distractedly referring to my avatar again?  GET A FUCKING GRIP... trolltard, I mean, Jacques Bittard, retard....

[JayJuanGee]

$300 ETH soon

Yep we back at .055 again.

Im seeing that we might even retest .045 lol coz btc is going down.

#rip eth

Maybe you are saying this wrong?

Surely, there is a certain dynamic in which surely bitcoin is the leader, but still bitcoin seems to have some trouble recovering in part because there seems to be some need to shake some of these snot-nosed 13 year olds.... so if weak hands are being shook in the alts - including ETH.. then bitcoin is drug down a bit with them... even while bitcoin remains the pillar of fundamentals.. .. so yeah.... how far will bitcoin be drug down in this quagmire?  Will ETH find a bottom that is in the triple digits... or does it have to go lower..?  If ETH goes that low, will it drag bitcoin down with it too, somewhat?  

At some point bitcoin is likely to recover based on fundamentals, but many of the shit coin scams may bounce back with it, unless the pain of this particular correction is more harsh and enduring upon those shit coins.

Wrt ETH i think it was obvious because majority of the ICO's will need to liquidate at one point which would lead to a fall.

Shitcoins are just a way to increase your BTC holdings - in the future i imagine only a handful on altcoins that will survive:

Micro transactions, anonymity, smart conracts and x.

All fine and dandy to have various altcoins serving as testbeds for the various technological and practical concepts of microtransactions, anonymity, smart contracts, etc.. but bitcoin can do all of that, too, no?

[pacman7331]

Maybe someone remember we dipped to €4700 2 months ago ore something
That was the bottom, maybe iT Will break this time?


I hope not Ofcourse But were still bleeding in 3 months now...

The 6k usd bitcoin was based in a lot of FUD everyone banning it.
So for us to go below we need more fud.

[JayJuanGee]

Because their electricity costs are currently still lower than their marginal cost of production, you numpty.  

If you’re going to troll, at least apply some brainpower first.

Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.

So what you are saying is that if bitcoin doesn’t go up? It goes down?

 

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.

Do you realize, you seemingly dimwitted trolljob, that there has been a price battle in bitcoin that has been going on for several years now, and it has periods of greater intensity.

Furthermore, with s-curve adoption, there are going to be a large number of price finding attempts at various points, which just means both up and down volatility.. while at the same time upwards price appreciation, that is still manipulated down from time to time, even while the price is largely heading exponentially upwards...

Hopefully, you are smart enough to both get paid in bitcoin for your stupid-ass trolling job, and not to really buy into the bullshit that you are propagating because you really cannot believe the nonsense that you are attempting to spread, can you?

[LFC_Bitcoin]

When the pink wojacks appear on /biz/ is usually a sign of a local bottom. About now it may make a double bottom.

Must admit, the current price is beginning to piss me off

[seljo]

Anyone feelin' goxed all over again?

[JayJuanGee]

Anyone feelin' goxed all over again?

No... but I understand that is one of the stupid-ass simplified mainstream talking point explanations..... so I would not want to feel retarded by buying into retarded ideas.   

[pacman7331]

Anyone feelin' goxed all over again?

Nah i’ve gotten used to it.

[TERA2]

You do not even know what goxxed is. To be goxxed is to not be able to trade. To be goxxed is to enter a sell order perfectly at $265 but then with 48 hour trading engine lag the trade executes at $50. Gox is the instantaneous fear of god. There is no trace of gox to be felt in this slow matured pussy market.

[HairyMaclairy]

There’s a DDOS starting at Mt Gox
Lag is increasing,
and there’s cold coins in new blocks
Finally, I can see it crystal clear
A correction is coming
There’s a panic in the air

https://youtu.be/K2ku1A5Ox8U

[Totscha]

Anyone feelin' goxed all over again?

Looked all around the internets. Twice! Found nothing to point to a gox like failure. What am I missing!? 

[Vlada69]

Which is why difficulty can fall my dear boy. 

Some benefit out of all of this!

[Vlada69]

By this time it is obvious we are going to test 6k. So if BTC goes below that my guess we will see 3.25k in near future. Trump tarifs, rate increase, Russia, you name it. All of those bringing markets down.

Rate increase is the biggest problem here. No more free dollars, no more bubbles.

Lots of companies will go out of business because of this. Mortgages, banks, retail markets... Everybody will have his fair share from the FEDocalypse.

Sad thing is if the interest rates go higher, it won't just destroy bubbles because those bubbles existed for so long, they became the economy itself. That's why some experts call this a "bubble economy".

And bitcoin, some called it "tulips of our century", even if it had nothing to do with tulips, will get affected because bubble or not, everything is connected.

And then it will be a  dot.com. 2.0

Bitcoin goes to sub $1k levels, people suicide, alts get completely destroyed, people even suicide more. FED decides to lower the interests again and starts printing money, people completely lose interest in USD or any other paper money because they'll hold the FED responsible for the carnage, then people will completely leave the current banking system and...

It is very interesting why rate increase at this moment. Could be to pay off tax deductions but it will end up a whole lot of mess. Apparently US GDP is not doing well as prices fall and adding to current administration it will go from bad to worse. Ah 2 more years to wait... Like after Mt.Gox...Should we call this Mt.Trumps?

Bitcoin > $1 million USD.

When that time comes, it won't matter because USD will be no better than Zimbabwe dollars.

P.S. BTC is the real USD and true vision of Abraham Lincoln.

[JayJuanGee]

You do not even know what goxxed is. To be goxxed is to not be able to trade. To be goxxed is to enter a sell order perfectly at $265 but then with 48 hour trading engine lag the trade executes at $50. Gox is the instantaneous fear of god. There is no trace of gox to be felt in this slow matured pussy market.

Snap out of it, Tera.


The term Gox is being used in a different sense than the one you are describing.

[HairyMaclairy]

Bcash lol will break 0.1 soon

See you sweetheart.

[SidETH]

Getting close to my personal sell-off limit
Hope these last days of March won't be too bad.

What's up with those big downfalls?

[LFC_Bitcoin]

Bcash lol will break 0.1 soon

See you sweetheart. 

Thanks for the extra bitcoin’s Rog, was great selling your shitcoin’s @ $1,200 each