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

[niothor]

It's the 14th in China. Now what?

We sell! Why? Because now in China is the 14th.  

[aminorex]

...mining on ghash.io...

Clearly the health of the network is not a major concern for you.

[Hypnoise]

Sellers spin it up and Buyers spin it down...an idiot is someone who doesn't spin it at all.

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

would it be what is usually called as a cow

[aminorex]

What methods did you use to identify him?

Chart patterns.

I read that as "shark cartoons"

[JorgeStolfi]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from of Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

[niothor]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

How did the latins spell  "bitcoin to the moon" ?

[Zule]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

How did the latins spell  "bitcoin to the moon" ?

There were no latins

[bitcoinsrus]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

How did the latins spell  "bitcoin to the moon" ?

Bitcoin ut Luna
(google translate)

[KFR]

Ut = "in order to" i.e. the subjunctive.  I suspect you want "ad" i.e. Bitcoin ad luna

[aminorex]

Are you of the opinion that difficulty will continue to increase?

Yes.  Firstly, I think mining will become very profitable again.  Secondly, cost per ghps will continue to plummet for at least 2 years.  Thirdly, the hardware is mostly going to keep running even if it is never profitable because there are too many people incentivized to keep the network secure (for themselves,not necessarily for me) for much of it to find a land-fill.

[boumalo]

$750 valuation based on what?

Numerous fundamental factors and several technicals converge in this area presently.  You need to do some catchup reading.  The  bear case always boils down to fud - which is a legitimate and important factor.  The bull case always boils down to facts and logic - sometimes erroneous but on the whole fairly sound ( although exhaustive scenario analysis is of course infeasible or even impossible).  It is just possible that facts and logic will dominate in the long run. Not certain, but the upside is huge if they do.

The bear case is sustained by FUD, but it is not comprised of FUD. The bear case is that there are significant holders of large amounts of BTC with the ability to crash the market should any one of a number of things happen. They think the probability of at least one of these things happening is greater than the probability that hidden capital is going to launch a rally.

Bears also simply think that the flow of capital into BTC is going to be less than the flow out for a given amount of time. Miners would be buying their asses of right now if they had the capital to do so, because they know the price is substantially below the cost of production. So why aren't they? Coinbase price is only $2 higher than Bitstamp.

A bounce off of expected $400 support was on very low volume. We are always at the mercy of people who know more than we do.

Death Bot is on Huobi NOW!  

Nice explication, miners are net sellers, weak holders that bought in last winter are solding, bears are solding for the reasons you mentioned and there is not enough money coming in to overcome the selling

[bitcoinsrus]

Are you of the opinion that difficulty will continue to increase?

Yes.  Firstly, I think mining will become very profitable again.  Secondly, cost per ghps will continue to plummet for at least 2 years.  Thirdly, the hardware is mostly going to keep running even if it is never profitable because there are too many people incentivized to keep the network secure (for themselves,not necessarily for me) for much of it to find a land-fill.

Right now, the only mining I wanna do is for that lost harddrive  

[jonoiv]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

How did the latins spell  "bitcoin to the moon" ?

Bitcoin ut Luna
(google translate)

I like the way you wrote (google translate)  knowing the possibility of an error

While in Crimea last year I asked for English menus, almost all of them, had a sausage roll on the menu, (sausage in pastry) but they must have all used the same translator.

[ChartBuddy]

Explanation

[aminorex]

Ut = "in order to" i.e. the subjunctive.  I suspect you want "ad" i.e. Bitcoin ad luna

Perhaps he was describing what he would do to his boss once he got his FU money.

[spooderman]

It's the 14th in China. Now what?

Now we wait

lol I was WAITING for the 14th!

[Hypnoise]

Lols , in my language his name makes perfect sense taur - bull , urs  - bear. Had the impression it's touro in Portuguese

"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.

Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".

How did the latins spell  "bitcoin to the moon" ?

Bitcoin ut Luna
(google translate)

I like the way you wrote (google translate)  knowing the possibility of an error

While in Crimea last year I asked for English menus, almost all of them, had a sausage roll on the menu, (sausage in pastry) but they must have all used the same translator.

yeahh that is what they call toxic food environment

[Hypnoise]

Are you of the opinion that difficulty will continue to increase?

Yes.  Firstly, I think mining will become very profitable again.  Secondly, cost per ghps will continue to plummet for at least 2 years.  Thirdly, the hardware is mostly going to keep running even if it is never profitable because there are too many people incentivized to keep the network secure (for themselves,not necessarily for me) for much of it to find a land-fill.

Right now, the only mining I wanna do is for that lost harddrive  

Oh that was your hard disk ...

[bitcoinsrus]

Are you of the opinion that difficulty will continue to increase?

Yes.  Firstly, I think mining will become very profitable again.  Secondly, cost per ghps will continue to plummet for at least 2 years.  Thirdly, the hardware is mostly going to keep running even if it is never profitable because there are too many people incentivized to keep the network secure (for themselves,not necessarily for me) for much of it to find a land-fill.

Right now, the only mining I wanna do is for that lost harddrive  

Oh that was your hard disk ...

You know the funny thing is, I first heard about btc late nov 2013 solely because of seeing the harddrive story.
I thought, what is worst: Mining the coins and loosing it, or having heard of btc late (like I did).

[fr33d0miz3r]

While in Crimea last year I asked for English menus, almost all of them, had a sausage roll on the menu, (sausage in pastry) but they must have all used the same translator.

The same for hotels 

it means "Please clean the room" and "Please do not disturb"