shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 03, 2014, 05:46:23 AM |
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Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits, but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise. or something like that  Well, as the price goes up miners need to sell less coins to pay their budgets. As they sell less coin, there is less coin on the market making the price rise even more. and as the price goes up, the competition for mining goes up, and then the hashrate goes up, and then you're getting less coins, and then.... it's really a brilliant incentive model, someone should do their thesis on that./ |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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June 03, 2014, 05:47:48 AM |
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I've expected this level to be dealt with in this try. Pretty strong resistance at 670-680.
a tough nut to crack indeed... it's just a matter of time. |
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uhoh
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June 03, 2014, 05:48:03 AM |
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This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
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StarenseN
Legendary
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Activity: 2478
Merit: 1362
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June 03, 2014, 05:50:25 AM |
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Bulls !  |
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bpnave
Newbie
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Activity: 26
Merit: 0
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June 03, 2014, 05:52:09 AM |
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This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
That's incredibly humbling...here I am stressed about my lonesome 1BTC! |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 03, 2014, 05:54:18 AM |
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This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
bitcoin miners are a dying breed. it's really getting tough to deal with the heat. |
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ChrisML
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June 03, 2014, 05:55:27 AM |
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Shorts are going to get squeezed in this one.
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 03, 2014, 05:56:56 AM |
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But it still doesn't make sense.
Why do a market order and deal with slippage? When he could just make a wall at 675?
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 03, 2014, 06:01:02 AM |
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Wary
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June 03, 2014, 06:02:28 AM |
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slow and steady, just stay under the radar for as long as possible. It's a bit too late to stay under the radar. We are on radars, for years already, obscurity is not our protection anymore, our only protection is the speed. If we move as fast as possible, we have a chance to escape our mighty but clumsy enemies. |
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JayJuanGee
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Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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June 03, 2014, 06:08:38 AM |
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1.7.2014 BTC value is X00 USD
x=?
Y? y = 7.4 |
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edwardspitz
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June 03, 2014, 06:08:45 AM |
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I don't know of any other instrument where traders will put that much effort into maintaining the price $666. Is $666 bullish or goatish?
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 03, 2014, 06:18:43 AM |
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I don't know of any other instrument where traders will put that much effort into maintaining the price $666. Is $666 bullish or goatish?
It's 2/3 of 1k which seems like a very natural to hover around. Or you know.... something to do with an all-powerful, omnipotent universe creating entity's arch enemy that it can't seem to defeat who lives somewhere you'll be sent if you eat certain kinds of food. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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June 03, 2014, 06:21:04 AM |
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Shame, looks like my beautiful cup and handle won't hold  |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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June 03, 2014, 06:21:40 AM |
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slow and steady, just stay under the radar for as long as possible. It's a bit too late to stay under the radar. We are on radars, for years already, obscurity is not our protection anymore, our only protection is the speed. If we move as fast as possible, we have a chance to escape our mighty but clumsy enemies. yeah, I dunno, I don't think speed is exactly our friend either right now, at least in terms of price. If the price can stay at least respectably low (like at least below 1500 please?) then maybe they will get some favourable legistaltion in place I'm just hoping that they spend enough time trying to figure out how to regulate it by monitoring the gateways that they don't realize that where we're going, we don't need no stinking gateways! |
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YipYip
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June 03, 2014, 06:21:49 AM |
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We are at lower prices.
I will wait for cheaper price under 550 seems OK.. Its bound to test 600 soonish..Yes shroomy i've seen the future  Still waiting? That dude is smokin da crack pipe ..and dropping too much acid for his 600 retest  |
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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June 03, 2014, 06:25:37 AM |
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This time last year I was mining 3BTC a day on a single Avalon B2.
Things change incredibly quickly in this game.
bitcoin miners are a dying breed. it's really getting tough to deal with the heat. Dying right after my first 1 year celebration? No way! There are ways to deal with the heat. We have a Hardware colocation thread here for people who can't deal with the high power and the heat: https://bitcointalk.org/index.php?topic=622998.0 |
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ChrisML
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June 03, 2014, 06:31:19 AM |
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AND back where we were 5 hours ago.
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ChrisML
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June 03, 2014, 06:34:28 AM |
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What kind of fucking bullshit is this
Like honestly.. what on earth does this do? Going down where we were 6 hours ago, right away. What a bunch of shit.
Thank fucking fuck that I got out with my longs 3 days ago, but this is just painfull to watch at the moment. Go through that fucking roof already.
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YogoH
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June 03, 2014, 06:37:32 AM |
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What kind of fucking bullshit is this
Like honestly.. what on earth does this do? Going down where we were 6 hours ago, right away. What a bunch of shit.
Thank fucking fuck that I got out with my longs 3 days ago, but this is just painfull to watch at the moment. Go through that fucking roof already.
Be patient. We are building a solid base for the the rocket. Once we have the support, it will be time for lift off. |
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