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

[ssmc2]

https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html


As of May 6, Fundstrat estimates the cash break-even price for the older Antminer S7 model is $6,003 per bitcoin, and $2,368 for the newer Antminer S9. Both are made by Beijing-based Bitmain, which Bernstein analysts estimate had $3 billion to $4 billion in operating profits last year.

"The release of the next generation of rig hardware should trigger a new round of capex as well as hash power growth, which could accelerate if BTC price appreciates," Doctor said.

[Raja_MBZ]

It's time we start posting it again.

[B1tUnl0ck3r]

https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html


As of May 6, Fundstrat estimates the cash break-even price for the older Antminer S7 model is $6,003 per bitcoin, and $2,368 for the newer Antminer S9. Both are made by Beijing-based Bitmain, which Bernstein analysts estimate had $3 billion to $4 billion in operating profits last year.

"The release of the next generation of rig hardware should trigger a new round of capex as well as hash power growth, which could accelerate if BTC price appreciates," Doctor said.

yeah yeah, they can prop up a little zec until they launch their z9... and then once they start to flood it... it's gone , there is way to fix them there and let them hold this bag... would be nice .

[ssmc2]

<future prediction article>

Getting real tired of seeing this kinda shit.

How about we find stability at $10k first, for the love of FSM.

Flying Spaghetti Monster?

[Agapios]

Help me with your thoughts on bitcoin futures.

In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)

But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.

Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that

If 1 contract 100 bitcoins? 900k USD? and there was  i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day

Am i gettting this right ? i think not

I didnt get any repond so kindly if someone can answer me this please I would also add I am assuming (perhaps I am wrong?) bitcoin futures are direclty tied to bitcoin. So I am under assumtion if someone opens large volume of shorts for bitcoin futures, they go down, or if someone opens large volume of longs they go up ?

[bitmover]

<future prediction article>

Getting real tired of seeing this kinda shit.

How about we find stability at $10k first, for the love of FSM.

we need to reach it first... i don't see 5 digits for some months already

[Toxic2040]

There..bear hat firmly in place.

The police raiding Upbit in South Korea and the MtGox trustee's movement of coin along with a over bought market has caused a cascade event imho. There could be a moderate retrace as traders look to exit long positions during the next week or so followed by a retest of support at $7.8k.

Technical analysis indicates another month or so of downward accumulation.


Pantera Capital's May letter has some interesting points. #dyor

https://medium.com/@PanteraCapital/the-immutable-blockchain-rally-pantera-blockchain-letter-may-2018-873ba54fc4a

[Speculatoross]

[Elwar]

the elon muskit virus is spreading !!!

Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.

....

another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...

and don't forget to hodl you profit in btc .  

who took some off the tables? $936m... can go below the million now ...

and who will be left holding the bag? I hope it is zooko ... 

I like how ZenCash just said..."ok, we're going to take your crypto that you created and pre-mined...and we're going to create the exact same coin but without the pre-mined coins".

This should be done far more often with pre-mined coins.

[infofront]

I saw this on Twitter that 2 Chinese guys willing to punch scammer Roger Ver in his face during the CoinGeek conference

Imo, i would love to see Roger getting smacked he deserves one right now.

http://onepunchforver.com/

I wouldn't pay up front. If they actually follow through with it, I'll consider a donation.

[infofront]

Bitcoin private is better

It felt good to dump another shitfork.

[infofront]

the elon muskit virus is spreading !!!

Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.

....

another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...

and don't forget to hodl you profit in btc .  

who took some off the tables? $936m... can go below the million now ...

and who will be left holding the bag? I hope it is zooko ... 

I like how ZenCash just said..."ok, we're going to take your crypto that you created and pre-mined...and we're going to create the exact same coin but without the pre-mined coins".

This should be done far more often with pre-mined coins.

I don't want to shill, but Zen is one of a small handful of alts I like. They've taken the ball from ZCash and they seem to be taking it into a really interesting direction.

[B1tUnl0ck3r]

the elon muskit virus is spreading !!!

Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.

....

another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...

and don't forget to hodl you profit in btc .  

who took some off the tables? $936m... can go below the million now ...

and who will be left holding the bag? I hope it is zooko ... 

I like how ZenCash just said..."ok, we're going to take your crypto that you created and pre-mined...and we're going to create the exact same coin but without the pre-mined coins".

This should be done far more often with pre-mined coins.

I don't want to shill, but Zen is one of a small handful of alts I like. They've taken the ball from ZCash and they seem to be taking it into a really interesting direction.

if you trust the trusted step up... good luck. those are democrats chain . really. it comes to that, but your btc, spread them where you want.

Help me with your thoughts on bitcoin futures.

In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)

But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.

Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that

If 1 contract 100 bitcoins? 900k USD? and there was  i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day

Am i gettting this right ? i think not

I didnt get any repond so kindly if someone can answer me this please I would also add I am assuming (perhaps I am wrong?) bitcoin futures are direclty tied to bitcoin. So I am under assumtion if someone opens large volume of shorts for bitcoin futures, they go down, or if someone opens large volume of longs they go up ?

only at termination date , at least it would be a great idea, but who knows, the market has a life of its own .

a donnation to the address in pivx would be appreciated for this kind thoughtful answer .

will see, if you are leech or not .

[LFC_Bitcoin]

Bitcoin private is better

It felt good to dump another shitfork.

[infofront]

[LastJedi]

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

[Raja_MBZ]

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

-He still thinks bitcoin will reach $1 million by end of 2020.
-He no more remembers his prediction of $78000 for bitcoin by end of this year.
-He is still very much optimistic about crypto-currencies and constantly repeated that it can't be stopped.
-Overall, McAfee hasn't reversed his stance on bitcoin.
-He likes guns (and making styles with it).

[sirazimuth]

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

skip to the 48:00min mark for bitcoin talk (or waste 48 minutes ,whatever floats you boat)

"No i didnt make a 2018 projection of 78k" (looks away rubs his face)
then it cuts to a clip of him making  that very projection on that mis-infowars-claptrap show.
what a frakking joke that nutcase gun toting clown  is...

[yonton]

I love how the bullish goon squad just vanishes at times like this. Really makes you think.

Yeah. It's gorgeous weather here in Texas. Took my C4S out with the top down for come beer and covfefe. Gonna play me some Fortnite then maybe jump in the pool.

So Bitcorn is having a bad time right now. Oh well.

No sense "moping" around in this thread.

Ya know ?

I love the look on wifes face when she comes home from work and sees me in my pjs playing Fortnite. Best part of crypto retirement.

[bitmover]

Every little bad news and the whole market collapses.

 an investigation in upbit (Korea) makes this to the market.

His doesn't make sense at all
 This market needs to mature a lot more.

https://www.coindesk.com/koreas-biggest-crypto-exchange-raided-over-suspected-fraud-report/