Bitcoin Forum
November 16, 2024, 07:56:54 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Price Target for Nov. 30, 2024:
<$75K - 3 (4%)
$75K to $80K - 1 (1.3%)
$80K to $85K - 2 (2.7%)
$85K to $90K - 9 (12%)
$90K to $95K - 12 (16%)
$95K to $100K - 12 (16%)
>$100K - 36 (48%)
Total Voters: 75

Pages: « 1 ... 5259 5260 5261 5262 5263 5264 5265 5266 5267 5268 5269 5270 5271 5272 5273 5274 5275 5276 5277 5278 5279 5280 5281 5282 5283 5284 5285 5286 5287 5288 5289 5290 5291 5292 5293 5294 5295 5296 5297 5298 5299 5300 5301 5302 5303 5304 5305 5306 5307 5308 [5309] 5310 5311 5312 5313 5314 5315 5316 5317 5318 5319 5320 5321 5322 5323 5324 5325 5326 5327 5328 5329 5330 5331 5332 5333 5334 5335 5336 5337 5338 5339 5340 5341 5342 5343 5344 5345 5346 5347 5348 5349 5350 5351 5352 5353 5354 5355 5356 5357 5358 5359 ... 33947 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26496655 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. (174 posts by 3 users with 9 merit deleted.)
PoolMinor
Legendary
*
Offline Offline

Activity: 1843
Merit: 1338


XXXVII Fnord is toast without bread


View Profile
March 20, 2014, 03:40:53 AM

Anyone going to order KNCMiner scrypt ASIC?

I think I might do one or two. 100 MH/s for 10k$ looks good.
Depends on the time frame of the release. I figured roughly 120 days from today LTC difficulty might be ~20,000, this gives around 150 LTC per month; ROI=120-150 days.

No exact time of delivery yet. Q2/Q3.

I doubt most of other scrypt ASICs will deliver on time, that rarely happens.

Not that Gridseed's devices compare in output, but I thought these were already available.
Richy_T
Legendary
*
Offline Offline

Activity: 2618
Merit: 2330


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
March 20, 2014, 03:54:15 AM

So LTC is just a pump and dump coin like every other alt coin as it looks like.

Wasn't the ASIC just released. Ironically that defeats one of the major things that was supposed to differentiate ltc from btc

how is this ironic, asics can be developed this is the stupiest argument I evere read about any crypto saying that ezo,gjprizgjnzrgzeg

What argument?

One of the major things about LTC was supposed to be that it could only be mined on GPUs and thus kept in the realm of the common man. ASICs mean it's more of a Bitcoin wannabe.
FTWbitcoinFTW
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
March 20, 2014, 03:55:29 AM

http://www.businessweek.com/news/2014-03-19/gambling-website-s-bitcoin-denominated-stock-draws-sec-inquiry




Richy_T
Legendary
*
Offline Offline

Activity: 2618
Merit: 2330


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
March 20, 2014, 03:56:58 AM

THIS is the proof I'm right and that you are all like people mocking bitcoin in 2011. This is really funny =D

Richy_T
Legendary
*
Offline Offline

Activity: 2618
Merit: 2330


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
March 20, 2014, 03:59:30 AM


Your logical fallacy is assuming we're trying to make some kind of logical argument.
mah87
Donator
Hero Member
*
Offline Offline

Activity: 756
Merit: 500

-Bitcoin & Ripple-


View Profile
March 20, 2014, 04:02:36 AM


Your logical fallacy is assuming we're trying to make some kind of logical argument.

are you suggesting that all those attacks against any opinion which moderates the importance of bitcoin may be worng ?
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
March 20, 2014, 04:31:34 AM

Anyone going to order KNCMiner scrypt ASIC?

I think I might do one or two. 100 MH/s for 10k$ looks good.
Depends on the time frame of the release. I figured roughly 120 days from today LTC difficulty might be ~20,000, this gives around 150 LTC per month; ROI=120-150 days.

No exact time of delivery yet. Q2/Q3.

I doubt most of other scrypt ASICs will deliver on time, that rarely happens.

Not that Gridseed's devices compare in output, but I thought these were already available.

I can't bother with those, need to buy truck of them Cheesy
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
March 20, 2014, 04:36:34 AM

http://www.zerohedge.com/news/2014-03-19/chinese-yuan-collapsing

Two ways to look at this:

1) Broke Chinese aren't going to buy shit OR
2) with a crashing RMB, BTC could be a better store of value.


chessnut
Legendary
*
Offline Offline

Activity: 924
Merit: 1001



View Profile
March 20, 2014, 04:59:15 AM

http://www.zerohedge.com/news/2014-03-19/chinese-yuan-collapsing

Two ways to look at this:

1) Broke Chinese aren't going to buy shit OR
2) with a crashing RMB, BTC could be a better store of value.




is the yuan crashing or is the USD deflating?

this is consistent with the coming of the US stock market crash.
KeyserSoze
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
March 20, 2014, 05:01:28 AM


good call... we need to go to Roman numerals to conserve space.
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
March 20, 2014, 05:37:04 AM


So what if people stop providing free content to Youtube and Facebook? What does that have to do with Bitcoin? People use plastics and oil more than ever. The commoditization of Bitcoin is not a danger because it was designed as a commodity. Bitcoin adoption should be driven by utility more than fashion.
JayJuanGee
Legendary
*
Offline Offline

Activity: 3906
Merit: 11188


Self-Custody is a right. Say no to"Non-custodial"


View Profile
March 20, 2014, 05:38:05 AM

1
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
March 20, 2014, 05:43:18 AM

Total trade ... was ~179 kBTC.  ...China's slice ... is 90%.

Given the isolated nature of the on-shore RMB market, I would be inclined to simply drop it from volume numbers.  If you could measure the fiat in-/out- flows, it would be informative, at least as a measure of sentiment in China, but what actual informative value does a costless swap between traders in a captive arena convey?  Call me unimaginative in this case, if you will, but I see none.

Yes, bitcoin volumes are very low relative to the recent manic and crash periods.  This is clearly good information.  It means that liquidity is poor on the exchanges.  This should not be surprising.  After the collapse of what was once the flagship exchange, hoi polloi are cautious and hesitant about using exchanges.  Much volume has moved off-exchange. New adopters with whom I have spoken recently purchased their coins via local transactions.  Certainly BIT has systematically sought to secure off-exchange supplies.  Hedge funds are purchasing subscriptions with miners now -- I have personal knowledge of such cases -- in part, in order to avoid exchanges.

To capture actual volumes of exchange one must go off-exchange, at this point.  Those numbers are more difficult to collect, but they remain transparent in the blockchain, if you can identify the corresponding transactions.
byronbb
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


HODL OR DIE


View Profile
March 20, 2014, 05:45:05 AM

How the hell does binary save space?
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
March 20, 2014, 05:46:40 AM

http://www.zerohedge.com/news/2014-03-19/chinese-yuan-collapsing

Two ways to look at this:

1) Broke Chinese aren't going to buy shit OR
2) with a crashing RMB, BTC could be a better store of value.




is the yuan crashing or is the USD deflating?

this is consistent with the coming of the US stock market crash.

It all depends on your perspective. Do you mean monetary contraction due to loans being paid off/written off? The answer is...compared to what? http://www.zerohedge.com/news/2014-03-19/beef-prices-surge-most-decade-food-inflation-soars

The Fed may be tapering, but they are still at zero interest rates and quantitatively easing. It would be more accurate to say that the dollar is losing value at a slower rate than the Yuan.
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
March 20, 2014, 05:48:34 AM

http://www.zerohedge.com/news/2014-03-19/chinese-yuan-collapsing

Two ways to look at this:

1) Broke Chinese aren't going to buy shit OR
2) with a crashing RMB, BTC could be a better store of value.

Hypothetically, if RMB drops faster than BTC, then BTC is going up, from the PRC perspective -- a bullish situation.

Actually RMB drops excruciatingly slowly, so no "wealth effect" is bandwagon-ing BTCCNY just yet.  However, in the longer term it is likely to occur.
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
March 20, 2014, 05:54:50 AM

One of the major things about LTC was supposed to be that it could only be mined on GPUs and thus kept in the realm of the common man. ASICs mean it's more of a Bitcoin wannabe.

I daresay most scrypt miners are switch-mining and banking in BTC.   That devalues all other coins relative to BTC.  I will not sing sad songs over this.  It is just one more source of persistent, continual demand for BTC.
Remember remember the 5th of November
Legendary
*
Offline Offline

Activity: 1862
Merit: 1011

Reverse engineer from time to time


View Profile
March 20, 2014, 05:57:12 AM

Yay...err, no. I can see we're heading for under 600. FML, I bought at 670.
Peter R
Legendary
*
Offline Offline

Activity: 1162
Merit: 1007



View Profile
March 20, 2014, 06:02:11 AM


Interesting article, and more evidence of a trend I've noticed: the media is beginning to paint a picture of a bipolar aristocracy:bankers vs tech innovators.  The bankers are a known quantify while tech innovators may be disruptive to the powers that be.    

I think the "opt-out" meme promoted by Balaji Srinivasan is very powerful and has ruffled some feathers.  It forces a rethinking of our shared mythology: do we need state-controlled money (why not bitcoin)?, how much meaning do those imaginary lines only visible on a map have (Crimea)?
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
March 20, 2014, 06:12:53 AM

http://www.zerohedge.com/news/2014-03-19/chinese-yuan-collapsing

Two ways to look at this:

1) Broke Chinese aren't going to buy shit OR
2) with a crashing RMB, BTC could be a better store of value.

Hypothetically, if RMB drops faster than BTC, then BTC is going up, from the PRC perspective -- a bullish situation.

Actually RMB drops excruciatingly slowly, so no "wealth effect" is bandwagon-ing BTCCNY just yet.  However, in the longer term it is likely to occur.


The PRC has an interest as a net exporter to maintain a weak currency. It will play hell with the Chinese importers of natural resources, however. We are possibly witnessing a collapse of their shadow banking industry which is leading to a scramble for liquidity. http://www.zerohedge.com/news/2014-03-19/music-just-ended-wealthy-chinese-are-liquidating-offshore-luxury-homes-scramble-cashThis could trigger a BTC sell off.

Longer term, if the ChiComs take a page out of the Bernanke playbook when we had the Lehman Brothers collapse in the U.S., it could lead to  the next great bull market as the world engages in yet another round of competitive currency debasement.
Pages: « 1 ... 5259 5260 5261 5262 5263 5264 5265 5266 5267 5268 5269 5270 5271 5272 5273 5274 5275 5276 5277 5278 5279 5280 5281 5282 5283 5284 5285 5286 5287 5288 5289 5290 5291 5292 5293 5294 5295 5296 5297 5298 5299 5300 5301 5302 5303 5304 5305 5306 5307 5308 [5309] 5310 5311 5312 5313 5314 5315 5316 5317 5318 5319 5320 5321 5322 5323 5324 5325 5326 5327 5328 5329 5330 5331 5332 5333 5334 5335 5336 5337 5338 5339 5340 5341 5342 5343 5344 5345 5346 5347 5348 5349 5350 5351 5352 5353 5354 5355 5356 5357 5358 5359 ... 33947 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!