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

[chessnut]

I notice chessnut hasn't posted in a while. Hey chessnut, now you've got your bearish sentiment.

You havent been looking closely enough. I wasnt surprised that we broke 400. Im a bull as always.

EDIT. I was short at 440 after the news release.... Im a day trader and a permabull. works for me...

[dnaleor]

next resistance: 2120 RMB on chinese exchanges (= 341 USD)
we are testing it in the west, still a little to go in China.

This is the final resistance before... 266 USD. Never though it would come to this  

[Davyd05]

these lulls between dumps have been met with what I expect as people moving orders up in impatience of finding dat bottom doe

[hdbuck]

NO WAY

https://www.youtube.com/watch?v=7pOiFFlUOKg

hahaha no way no wayyy

[octaft]

I notice chessnut hasn't posted in a while. Hey chessnut, now you've got your bearish sentiment.

You havent been looking closely enough. I wasnt surprised that we broke 400. Im a bull as always.

EDIT. I was short at 440 after the news release.... Im a day trader and a permabull. works for me...

Well, if you're a sentiment trader, this definitely ain't the worst time to be buying.

[shmadz]

Mining is no big deal issue. Half of all miners loose money. The difficulty will simply drop.  It's happened before.

No! Why should the hashrate drop? Because they want to lose even more money?

Successful miners mine at a loss 90% of the time. That last 10% of the time, they make 20X% profits.  That's the way it works. It's the long game. The smart ones lock in operating expenses for years or donate to the Cause knowingly. The WANT difficulty to rise to the point that only they can continue to mine at all, much less mine profitably. Then they have cornered the market. It's not different incentive-wise to me wanting to die with the most coins.

Personally, when I wear my miner hat, I do not consider the fiat price of bitcoin at all. I consider mining as my second job, and I concern myself only with acquiring more coins. Those coins I expect to be my retirement fund.

(I must admit that I did not always feel this way, and sold more coins at sub ten dollar prices than I care to think about. My philosophy at that time was that I had to pay off my investment, $2600 for 4 7970's - sold at least 3 or 4 hundred coins just to pay those off. Since ASICs all my hardware purchases have been denominated in bitcoin. When I make a decision whether to buy new equipment or not, it is based solely on the amount of bitcoin the unit will cost, and the amount of bitcoin I expect it to mine, within a reasonable amount of time.)

Only when I wear my speculation dunce-cap do I worry about price.

[chessnut]

hmm why did everyone go quiet suddenly? was 13 posts a second  a few minutes ago.

[chessnut]

hmm looking at the order books on huobi..... it's an easy ride up to 2500...

[chessnut]

seriously, is this a ddos attack?

say something, somebody, anybody!!

[sonofliberty]

seriously, is this a ddos attack?

say something, somebody, anybody!!

No waaay.

[TeeBone]

seriously, is this a ddos attack?

say something, somebody, anybody!!

Please stop giving 'advice' to people, you've caused enough damage to their pockets.

[ChartBuddy]

Explanation

[podyx]

it seems that the buying side is exhausted

I don't get it

[jonoiv]

hmm looking at the order books on huobi..... it's an easy ride up to 2500...

The whole thing feels engineered. this dump and the way it happened I mean. 

Bulls look like they are taking back control.  

[octaft]

seriously, is this a ddos attack?

say something, somebody, anybody!!

Please stop giving 'advice' to people, you've caused enough damage to their pockets.

I understand you're being clever, but it's not like he held a gun to their heads and forced them to take his advice.

[chessnut]

seriously, is this a ddos attack?

say something, somebody, anybody!!

Please stop giving 'advice' to people, you've caused enough damage to their pockets.

Ive never given anybody advice. ever. I make propositions and discuss. seriously, somebody who comes to 'the wall observer' wishing to gain some fundamental grounding has only mislead themselves.

and please I mean that sincerely. to think somebody might have impaled themselves on what I say hurts me deeply. Day trading is a ruthess, ruthless profession.

[Mervyn_Pumpkinhead]

it seems that the buying side is exhausted

I don't get it

I really believe that you don't.

[TeeBone]

seriously, is this a ddos attack?

say something, somebody, anybody!!

Please stop giving 'advice' to people, you've caused enough damage to their pockets.

I understand you're being clever, but it's not like he held a gun to their heads and forced them to take his advice.

He said say something, so i broke his balls a bit.

[hdbuck]

sharks are out for blood. and monayyy

[jonoiv]

Deffo the bottom now...