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

[surfer43]

ugh might have to remove some bids! always the same, place them and remove them the minute it looks like they might actually be filled!

That is what bots are for 

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[OldGeek]

Source: http://genproc.gov.ru/smi/news/genproc/news-86432/

Google translation:  ... snip ...

Thanks for the link. 

So, it seems not to be FUD.  Does the Russian state have the means to monitor all of the computers in that country?  Do they know who owns XBT?  Are the Russian bitcoiners ignorant about transfers and such?

Just wondering.

[adamstgBit]

I don't see much support until 650.

the market will stabilize soon enough and we'll be back on an upward trend trading ~10Million dollars of bitcoins a day...

[adamstgBit]

Source: http://genproc.gov.ru/smi/news/genproc/news-86432/

Google translation:  ... snip ...

Thanks for the link.  

So, it seems not to be FUD.  Does the Russian state have the means to monitor all of the computers in that country?  Do they know who owns XBT?  Are the Russian bitcoiners ignorant about transfers and such?

Just wondering.

its like bit torrent, it going to happen, all they can do it cry about it.

the market is trading on emotion and "broken technicals" , take advantage.

[surfer43]

If you sell at these peaks and buy on the crashes you get insane returns 

[BitcoinAshley]

 
Watch 3 hour video...
Bitcoin is 715 USD  
WTF?

sell everything its over....  

Fuck. It was a good run guys... but it's time to quit bitcoin once and for all. Show's over. A bitcoin is only $700.

[PoolMinor]

sell everything its over....  

4 Days Remain...

[adamstgBit]

virtex should be trading at 800

we really need someone to setup some arbitrage operation.... this is annoying... no cheap coins for me?  

[shmadz]

I'm curious as to which mining equipment purchase put you under water on your mining operation?

Even the most expensive miner I have ever purchased - a Jupiter for 70 bitcoins, I walk past it every day as a reminder of my "$70,000" mistake, even though it's getting close to breaking even -  even that was not such a bad deal to turn me off of bitcoin mining...

I'm just curious to hear what might have been the straw to break the back of your mining operation, in the hopes that I can avoid a similar fate. Also curious as to what equipment you have on order.

thanks

Not so much underwater as close to wondering if things will work out.  I bought Asic usb sticks.  Total for 15 units = $260.91 for 6.14 ghs or 42.43 per gig.

On order = CoinCraft A1 ASIC.  'They' say it should be shipping any day now.  A benefit, they say, is an increase in hashing power to make up for being two months late.   

The straw that is getting hard to carry is the increase in difficulty coupled with the massive increase in equipment that has gone live.  The difficulty is the same for all of us, but the deep pockets guys are hitting the streets running.

Right now, the variance at my selected pool is, to use a vulgar expression, the shits.

Thanks for the honesty OldGeek. I was gonna reply privately, but then I thought that would not be in keeping with the idea of keeping everything for posterity in the Wall Observer (I consider this thread to be kinda like the blockchain of the speculation forum.) so here goes..

Sorry to hear about the usb miners, not familiar with the CoinCraft, what Gh/s do they predict?

I guess it's becoming true that casual mining is coming to an end. If I had not started early I would not have been able to build and finance my current farm, and there might come a time that I too am made unprofitable by the ever increasing difficulty....

It's kinda sad for the casual miner, but I think the mining infrastructure will self-regulate. Without profit incentive, the miners will jump ship without a second thought. (just an observation on the Scrypt mining scene lately)

Anyways, thanks again for the response.

[OldGeek]

its like bit torrent, it going to happen, all they can do it cry about it.

the market is trading on emotion and "broken technicals" , take advantage.

At the ready, General.

Seriously, if your country, (Canada yes?) were to ban XBT would you panic and sell your stash?  I would not if the US did that and I suspect most of those in this sub-forum feel the same.

So, to some extent at least, it is panic fud.  Most of the large Russian holders will hodl.

[ChartBuddy]

Explanation

[surfer43]

sell everything its over....  

4 Days Remain...

15 years remain...

[adamstgBit]

virtex should be trading at 800

we really need someone to setup some arbitrage operation.... this is annoying... no cheap coins for me?  

840 is cheep. I'm still arbing vertex
You can always buy at VOS.

VOS?

well it should be ~800 given 1USD = 0.90CAD

[surfer43]

Notice a pattern?

[Parazyd]

Did MtGox get fiat or what? Why's it dropping?

[TERA]

At some point there's going to be this giant green candle and some walls to piss off bears.

[OldGeek]

Thanks for the honesty OldGeek. I was gonna reply privately, but then I thought that would not be in keeping with the idea of keeping everything for posterity in the Wall Observer (I consider this thread to be kinda like the blockchain of the speculation forum.) so here goes..

I feel the same way about this thread, and honesty pays off in the end.

Sorry to hear about the usb miners, not familiar with the CoinCraft, what Gh/s do they predict?

The revised estimate was 1,000 gh/s, but there is a clause to increase the output with each two weeks (I think I remember that correctly) of incremental lateness.   If the price stays up for a while I might get close to break even.  Maybe.

Anyways, thanks again for the response.

My pleasure.

[adamstgBit]

Did MtGox get fiat or what? Why's it dropping?

maybe some arbitrage whales got there GoxBux out and now feel confident about doing some serious arbitrage?

[dgarcia]

Uh, another one;

[Davyd05]

At some point there's going to be this giant green candle and some walls to piss off bears.

what a weird... candle