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

[Wekkel]

The longer we wait, the higher and higher the ATH trend line becomes.
Not sure if a good thing or a bad thing .

The longer the lull, the bigger the spike. I look forward to a dull 2014.

[roslinpl]

Explanation

I am pretty sure that next chart will be showing $63x

I can bet.

[iram3130]

Seems like till Monday it will stay @ ~$630 ..

I have never see such a flat day.  I bet the $ has fluctuated more

Very flat indeed ... it happens from time to time during this year ... but today's very flat indeed ...

I predict Sunday will be similar.

Mostly weekends are like that, dead flat, so it's not abnormal now action will be on monday.

[ChartBuddy]

Explanation

[SirChiko]

If street prices are $1000 per TH now how much will these 650 TH machines sell for?

I paid 5K for 100GH

double your bitcoin in a year they said, worst investment decision EVER

ํyou didn't get you btc back?

not even close.

in USD terms i made a few bucks...

May you disclose how many bitcoins have you made out of it?

9BTC

my bitcoins got hashed to bits.

Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates.
5688-5000=688$ profit, no?

[Krabby]

If street prices are $1000 per TH now how much will these 650 TH machines sell for?

I paid 5K for 100GH

double your bitcoin in a year they said, worst investment decision EVER

ํyou didn't get you btc back?

not even close.

in USD terms i made a few bucks...

May you disclose how many bitcoins have you made out of it?

9BTC

my bitcoins got hashed to bits.

Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates.
5688-5000=688$ profit, no?

He should have invested it in bitcoin itself.

[Raystonn]

If street prices are $1000 per TH now how much will these 650 TH machines sell for?

I paid 5K for 100GH

double your bitcoin in a year they said, worst investment decision EVER

ํyou didn't get you btc back?

not even close.

in USD terms i made a few bucks...

May you disclose how many bitcoins have you made out of it?

9BTC

my bitcoins got hashed to bits.

Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates.
5688-5000=688$ profit, no?

Profits must be compared against buying and holding BTC instead.  He invested more than 9 BTC into his mining operation, and came out with 9 BTC afterward.  Sure, BTC went up during that time.  But that profit has nothing to do with the mining itself.  Mining was a net loss.  He only came out ahead because BTC went up.  He'd have come out even more ahead without the mining venture.

[magicmexican]

12h macD freakin bad, i think testing 610-600 is pretty much inevitable at this point.

[SirChiko]

If street prices are $1000 per TH now how much will these 650 TH machines sell for?

I paid 5K for 100GH

double your bitcoin in a year they said, worst investment decision EVER

ํyou didn't get you btc back?

not even close.

in USD terms i made a few bucks...

May you disclose how many bitcoins have you made out of it?

9BTC

my bitcoins got hashed to bits.

Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates.
5688-5000=688$ profit, no?

Profits must be compared against buying and holding BTC instead.  He invested more than 9 BTC into his mining operation, and came out with 9 BTC afterward.  Sure, BTC went up during that time.  But that profit has nothing to do with the mining itself.  Mining was a net loss.  He only came out ahead because BTC went up.  He'd have come out even more ahead without the mining venture.

Oh yep, my bad i counted it as investment with dolars with bitcoin output...i don't even know why i did that as we are on bitcoin forums lol.

[ChartBuddy]

Explanation

[ChrisML]

Netherlands - Costa Rica



Fuck crypto's for now. 

[criptix]

Netherlands - Costa Rica



Fuck crypto's for now. 

Fuck it i bet 0.1 btc on costa rica. Netherland gonna lose germany will be worldcup winner!!!!

[ChartBuddy]

Explanation

[roslinpl]

Explanation

Looks jike the time has stopped ... for an hour ...

[ubercool]

Explanation

Looks jike the time has stopped ... for an hour ...

lol, don't expect movement on weekends.

[roslinpl]

lol, don't expect movement on weekends.

I do remember a lot of exciting weekends with Bitcoin charts Last year there was plenty... Well ... at least it is not dropping which is very good

[Krabby]

My GOD, altcoins are dropping something fierce.

[nrd525]

bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day

Beginner question: does this mean that it's now expensive to go long?

This short spike happens as much as once a week.  In this case it was someone who probably didn't realize that a bug (where they could borrow swap for a short period without paying interest) has been fixed.

The Flash Return Rate barely moved (and thus most people are unaffected).

[nrd525]

bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day

Beginner question: does this mean that it's now expensive to go long?

Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.

BTC swap rate demand is at 0.0016% (for going short on BTC)

USD swap rate demand is at 0.175% (for going long on BTC)

That's a hundred fold difference in interest rates. Incredible. Has it always been like this?

It's almost always been like this.  There have been a couple times that BTC rates went up enough to be worthwhile lending.  I have no clue why people are lending money out at 2% APR on Bitfinex - as that assumes a very low risk of hacking/fraud/regulation/bankruptcy.  I'd estimate this risk at least at 5% or more.

[threecats]

My GOD, altcoins are dropping something fierce.

'cept cloak. check out the 2 & 4 hour bull pennant. gonna break up.