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

[_javier_]

more than 300 days on correction..

ballz of steel

HODL

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[HI-TEC99]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

[realr0ach]

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

The bottom in October 2015 was actively fished for with bear raids.  It wasn't really much to do with cost of production seeing as how bitcoin cost of production is completely variable.  It was really pounded into the ground hard to try and find it.  Nothing like you saw then is occurring right now.  It was stable sideways, pounded into the floor, then instant rebound.  There's absolutely no springboard effect rebounds going on on this shit nowadays.

[InvoKing]

more than 300 days on correction..

ballz of steel

HODL

HODLing forever or until we reach our destination (we have some delays due to the bad weather these months boys)

[JayJuanGee]

This is bad.

Very bad.

EDIT: Remember how I said I need(want) to dump $1M USD more before December 31st 2018 ?

Yeah. LOL at that idea now.

Sheeeeeeeeit.

You are the reason why we cannot have nice things.     

[somac.]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

[El duderino_]

This is bad.

Very bad.

EDIT: Remember how I said I need(want) to dump $1M USD more before December 31st 2018 ?

Yeah. LOL at that idea now.

Sheeeeeeeeit.

You are the reason why we cannot have nice things.     

??

[realr0ach]

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

The Bitstamp hack was mostly a non-event at the time IMO.  Although I'm hesitant to believe any of these exchange hack claims.  Wasn't that the one where they claimed they were "hacked" by some guy calling on the phone?  I mean...seriously...come on....

[eddie13]

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

The bottom in October 2015 was actively fished for with bear raids.  It wasn't really much to do with cost of production seeing as how bitcoin cost of production is completely variable.  It was really pounded into the ground hard to try and find it.  Nothing like you saw then is occurring right now.  It was stable sideways, pounded into the floor, then instant rebound.  There's absolutely no springboard effect rebounds going on on this shit nowadays.

Too soon..

[Last of the V8s]

sure i saw a post about hairy models, but where is it?

[somac.]

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

The bottom in October 2015 was actively fished for with bear raids.  It wasn't really much to do with cost of production seeing as how bitcoin cost of production is completely variable.  It was really pounded into the ground hard to try and find it.  Nothing like you saw then is occurring right now.  It was stable sideways, pounded into the floor, then instant rebound.  There's absolutely no springboard effect rebounds going on on this shit nowadays.

Too soon..

So you think it still has further to go before a similar market will develop?

[eddie13]

So you think it still has further to go before a similar market will develop?

I think it's too soon to tell if their will be a bounce like he said their wasn't.
I think it could hit as low as 3k and we will still be on our way to another moon shot to $100k.
I expect the pattern after $1200 to repeat itself, but likely with less dead time from this bottom to the next pump.
If it goes below $3k much I may feel the pattern of successive pumps may be over, maybe $2500.

[JayJuanGee]

Why the hell isn't XRP tanking like others?

Because, it is truly the next bitcoin.

[somac.]

So you think it still has further to go before a similar market will develop?

I think it's too soon to tell if their will be a bounce like he said their wasn't.
I think it could hit as low as 3k and we will still be on our way to another moon shot to $100k.
I expect the pattern after $1200 to repeat itself, but likely with less dead time from this bottom to the next pump.
If it goes below $3k much I may feel the pattern of successive pumps may be over, maybe $2500.

the pattern of successive pumps ending is my fear too. I figured it wouldn't due to the halvenings and the fact that the legacy financial system is so fucked up. Therefore, eventually there will be a consistent move into btc.

I hate doubting btc, I did the same thing in 2014/15 and I am starting to do it again now.

[yefi]

Let's get this shit done with some good old fashioned merit abuse.

Legendary merit drop!

Respect.

[Torque]

Hey quick, someone get Novogratz on the phone!

I think we need another (3rd?) bottom call, lol.  

[d_eddie]

I believe BCH was the main catalyst at least. But by no means the only factor.

1.
2.
3.
4.
5.

My conclusion and prediction:

-
-
-
 Not a good sign.

I have no idea how this unwinds.  But that won't stop me from speculating.

A.
B.
I give A/B chances at 65/35 for fundamental reasons.  This is not 2014.  A lot of smart rich people have figured out exactly what bitcoin is this time around.

(Dear Lord... I feel like I turned into JJG)

Get the fuck out of here with this apparent pretense of being using some kind of self-defined wordy prose just to be able to claim any kind of pretense at being in the vicinity JJG-ness within 63.5-72.2%. Even using numbers and probability. Tsk.

[realr0ach]

Hey quick, someone get Novogratz on the phone!

I think we need another (3rd?) bottom call, lol.  

He was probably the main person dumping while tweeting it's the bottom.

[PoolMinor]

Why the hell isn't XRP tanking like others?

Because, it is truly the next bitcoin.

Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able.

[somac.]

Why the hell isn't XRP tanking like others?

Because, it is truly the next bitcoin.

Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able.

Every now and again I consider changing what is my most hated shitcoin. But ripple always maintains the title.