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

[BTCfan1]

I think things will stay quiet until after the 4th of July weekend - all the whales will be busy eating bbq and watching fireworks!

[JimboToronto]

I think things will stay quiet until after the 4th of July weekend - all the whales will be busy eating bbq and watching fireworks!

Only the ones in the US. Bitcoin is global.

[explorer]

Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet )

Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!

Same issue buying in US from Canada.  CC's tack on 3% to the least favorable exchange ratio.  They appear to hodl off registering transactions for the sole purpose of attaching a worse exchange rate should one come along within a few days to a week.  THEN they post the transaction.  With the further 3%.  Love me them banks 

[adamstgBit]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

I think things will stay quiet until after the 4th of July weekend - all the whales will be busy eating bbq and watching fireworks!

I think at any moment there could be a huge move.

its not time to eat bbq and watch fireworks, its time to substitute your computer chair for a toilet.

[adamstgBit]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

I think things will stay quiet until after the 4th of July weekend - all the whales will be busy eating bbq and watching fireworks!

I think at any moment there could be a huge move.

its not time to eat bbq and watch fireworks, its time to substitute your computer chair for a toilet.

Are you telling him to shit in his chair?  Or is this an ESL moment?   

no i'm saying install a toilet to aviod shiting in your chair

[Krabby]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

I think things will stay quiet until after the 4th of July weekend - all the whales will be busy eating bbq and watching fireworks!

I think at any moment there could be a huge move.

its not time to eat bbq and watch fireworks, its time to substitute your computer chair for a toilet.

Are you telling him to shit in his chair?  Or is this an ESL moment?   

no i'm saying install a toilet to aviod shiting in your chair

But if we are all hodling what is the point being at your computer all day?
To feel the euphoria?

[nioc]

At least the guy at the beginning of the press conference thanked Satoshi Nakamura

[sidhujag]

Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet )

Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!

U can buy this acer with bitcoins: http://devcoinauctions.com/blog/auction/acer-aspire-s7-191-73534g25aws-ultrabook/

Ofcourse you can buy at retail using buy it now or you can buy using bids to try to buy cheaper.

I have an unhealthy attachment  with my thinkpad keyboard. Love the 16:10 screen on the gf's macbook compared to my 16:9, but i code all day, and nothing beats the thinkpad keyboard. 

Maybe ill add a thinkpad auction if thats what coders use. I find devving on mac air to be brutal.

[ChartBuddy]

Explanation

[FNG]

http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html

[shmadz]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

Hehe, I wonder...
Did monkey know that xmr was gonna go boom like it did just now?

[David M]

The pressure is building...

[adamstgBit]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

Hehe, I wonder...
Did monkey know that xmr was gonna go boom like it did just now?

XMR is down ~60% in 2 weeks
sell that shit now!

[shmadz]

monkey still wants 3 more down hours, starting with 15 down minutes, now, but doesn't want it below 639 (603 if that fails).

monkey needs a spanking. ( been waiting all day for that!  )

Hehe, I wonder...
Did monkey know that xmr was gonna go boom like it did just now?

XMR is down ~60% in 2 weeks
sell that shit now!

Lol, I got sick of seeing "system buy limit reached" so I moved most of my balance into Monero this morning at .0036 looks to be holding now at .004.  We'll see if it goes anywhere from here.

[adamstgBit]

http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html

well color me surprised

cost / value ratio Plummets yet again!

I'm just going to repeat myself, this is not sustainable, >800$ next week GUARANTEED

[ChartBuddy]

Explanation

[FNG]

cost / value ratio Plummets yet again!

I'm just going to repeat myself, this is not sustainable, >800$ next week GUARANTEED

It's getting ridiculous how much good news and how un-stoppable bitcoin is becoming. Next serious surge could send us to hundreds of billions marketcap.

[byronbb]

Interesting post from Mining Spec forum.

When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days.

Recalculating over the period June 29, 2013 to June 29, 2014 it is 23.45% and 11.41 days.


Assuming the network growth rate over the next year is the same as it was this last year we get:

Code:

                                 Hash Rate    Power      Energy            Cost         Cost
     Date          Difficulty         TH/s       MW         MWh        $/Period        $/BTC
---------  ------------------  -----------  -------  ----------  --------------   ----------
10-Jul-14      20,762,587,053      148,627      149      40,687      $4,068,655       $80.73
21-Jul-14      25,631,656,286      183,481      183      50,228      $5,022,802       $99.66
02-Aug-14      31,642,579,140      226,510      227      62,007      $6,200,707      $123.03
13-Aug-14      39,063,133,629      279,629      280      76,548      $7,654,846      $151.88
25-Aug-14      48,223,894,840      345,205      345      94,500      $9,449,997      $187.50
05-Sep-14      59,532,961,579      426,160      426     116,661     $11,666,131      $231.47
16-Sep-14      73,494,136,594      526,100      526     144,020     $14,401,975      $285.75
28-Sep-14      90,729,370,258      649,476      649     177,794     $17,779,407      $352.77
09-Oct-14     112,006,467,575      801,786      802     219,489     $21,948,885      $435.49
21-Oct-14     138,273,292,794      989,814      990     270,962     $27,096,155      $537.62
01-Nov-14     170,699,995,402    1,221,937    1,222     334,505     $33,450,520      $663.70
12-Nov-14     210,731,138,613    1,508,495    1,508     412,951     $41,295,058      $819.35
24-Nov-14     260,150,052,591    1,862,255    1,862     509,792     $50,979,231    $1,011.49
05-Dec-14     321,158,279,258    2,298,976    2,299     629,345     $62,934,457    $1,248.70
17-Dec-14     396,473,647,839    2,838,112    2,838     776,933     $77,693,322    $1,541.53
28-Dec-14     489,451,350,262    3,503,683    3,504     959,133     $95,913,314    $1,903.04
08-Jan-15     604,233,410,162    4,325,337    4,325   1,184,061    $118,406,107    $2,349.33
20-Jan-15     745,933,204,108    5,339,679    5,340   1,461,737    $146,173,722    $2,900.27
31-Jan-15     920,863,255,215    6,591,897    6,592   1,804,532    $180,453,167    $3,580.42
12-Feb-15   1,136,816,447,014    8,137,773    8,138   2,227,715    $222,771,543    $4,420.07
23-Feb-15   1,403,413,185,274   10,046,176   10,046   2,750,141    $275,014,073    $5,456.63
06-Mar-15   1,732,529,973,307   12,402,122   12,402   3,395,081    $339,508,086    $6,736.27
18-Mar-15   2,138,828,493,208   15,310,564   15,311   4,191,267    $419,126,699    $8,316.01
29-Mar-15   2,640,408,762,814   18,901,071   18,901   5,174,168    $517,416,806   $10,266.21
10-Apr-15   3,259,615,465,609   23,333,592   23,334   6,387,571    $638,757,092   $12,673.75
21-Apr-15   4,024,033,374,406   28,805,592   28,806   7,885,531    $788,553,093   $15,645.89
02-May-15   4,967,716,213,515   35,560,840   35,561   9,734,780    $973,478,006   $19,315.04
14-May-15   6,132,703,703,449   43,900,273   43,900  12,017,700  $1,201,769,972   $23,844.64
25-May-15   7,570,894,370,329   54,195,400   54,195  14,835,991  $1,483,599,070   $29,436.49
06-Jun-15   9,346,357,550,986   66,904,854   66,905  18,315,204  $1,831,520,385   $36,339.69
17-Jun-15  11,538,187,590,255   82,594,824   82,595  22,610,333  $2,261,033,313   $44,861.77
29-Jun-15  14,244,027,380,899  101,964,275  101,964  27,912,720  $2,791,272,041   $55,382.38

In other words something has got to give by the end of the year, or actually before November 1

[derpinheimer]

Interesting post from Mining Spec forum.

When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days.

Recalculating over the period June 29, 2013 to June 29, 2014 it is 23.45% and 11.41 days.


Assuming the network growth rate over the next year is the same as it was this last year we get:

Code:

                                 Hash Rate    Power      Energy            Cost         Cost
     Date          Difficulty         TH/s       MW         MWh        $/Period        $/BTC
---------  ------------------  -----------  -------  ----------  --------------   ----------
10-Jul-14      20,762,587,053      148,627      149      40,687      $4,068,655       $80.73
21-Jul-14      25,631,656,286      183,481      183      50,228      $5,022,802       $99.66
02-Aug-14      31,642,579,140      226,510      227      62,007      $6,200,707      $123.03
13-Aug-14      39,063,133,629      279,629      280      76,548      $7,654,846      $151.88
25-Aug-14      48,223,894,840      345,205      345      94,500      $9,449,997      $187.50
05-Sep-14      59,532,961,579      426,160      426     116,661     $11,666,131      $231.47
16-Sep-14      73,494,136,594      526,100      526     144,020     $14,401,975      $285.75
28-Sep-14      90,729,370,258      649,476      649     177,794     $17,779,407      $352.77
09-Oct-14     112,006,467,575      801,786      802     219,489     $21,948,885      $435.49
21-Oct-14     138,273,292,794      989,814      990     270,962     $27,096,155      $537.62
01-Nov-14     170,699,995,402    1,221,937    1,222     334,505     $33,450,520      $663.70
12-Nov-14     210,731,138,613    1,508,495    1,508     412,951     $41,295,058      $819.35
24-Nov-14     260,150,052,591    1,862,255    1,862     509,792     $50,979,231    $1,011.49
05-Dec-14     321,158,279,258    2,298,976    2,299     629,345     $62,934,457    $1,248.70
17-Dec-14     396,473,647,839    2,838,112    2,838     776,933     $77,693,322    $1,541.53
28-Dec-14     489,451,350,262    3,503,683    3,504     959,133     $95,913,314    $1,903.04
08-Jan-15     604,233,410,162    4,325,337    4,325   1,184,061    $118,406,107    $2,349.33
20-Jan-15     745,933,204,108    5,339,679    5,340   1,461,737    $146,173,722    $2,900.27
31-Jan-15     920,863,255,215    6,591,897    6,592   1,804,532    $180,453,167    $3,580.42
12-Feb-15   1,136,816,447,014    8,137,773    8,138   2,227,715    $222,771,543    $4,420.07
23-Feb-15   1,403,413,185,274   10,046,176   10,046   2,750,141    $275,014,073    $5,456.63
06-Mar-15   1,732,529,973,307   12,402,122   12,402   3,395,081    $339,508,086    $6,736.27
18-Mar-15   2,138,828,493,208   15,310,564   15,311   4,191,267    $419,126,699    $8,316.01
29-Mar-15   2,640,408,762,814   18,901,071   18,901   5,174,168    $517,416,806   $10,266.21
10-Apr-15   3,259,615,465,609   23,333,592   23,334   6,387,571    $638,757,092   $12,673.75
21-Apr-15   4,024,033,374,406   28,805,592   28,806   7,885,531    $788,553,093   $15,645.89
02-May-15   4,967,716,213,515   35,560,840   35,561   9,734,780    $973,478,006   $19,315.04
14-May-15   6,132,703,703,449   43,900,273   43,900  12,017,700  $1,201,769,972   $23,844.64
25-May-15   7,570,894,370,329   54,195,400   54,195  14,835,991  $1,483,599,070   $29,436.49
06-Jun-15   9,346,357,550,986   66,904,854   66,905  18,315,204  $1,831,520,385   $36,339.69
17-Jun-15  11,538,187,590,255   82,594,824   82,595  22,610,333  $2,261,033,313   $44,861.77
29-Jun-15  14,244,027,380,899  101,964,275  101,964  27,912,720  $2,791,272,041   $55,382.38

In other words something has got to give by the end of the year, or actually before November 1

Hashrate bubble!! Its unsustainable!11!!11

[BitChick]

cost / value ratio Plummets yet again!

I'm just going to repeat myself, this is not sustainable, >800$ next week GUARANTEED

It's getting ridiculous how much good news and how un-stoppable bitcoin is becoming. Next serious surge could send us to hundreds of billions marketcap.

So what is keeping the train at the station this long?  Or are those of us that have been through a "bubble" or two just getting a bit impatient this time around?  I guess we were stuck at about $120 and $140 for a while last Summer.