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

[ChartBuddy]

Explanation

[Ultros]

there is no use denying it any longer, bitcoin is not going to have anymore to the moon rises, buyers are going to get burnt, real hard, eventually bitcoin's inevitable doom will become clear to everyone, and price will go to <10$ soon after, such pain, much hate, BUT THEN! the government will bail us out and we will be rich! muahaha muahaha, no wait that only works for real stocks and stuff. damn, without a government bail out, its hopeless  

Quoted for history.

[InstantBitcoin]

there is no use denying it any longer, bitcoin is not going to have anymore to the moon rises, buyers are going to get burnt, real hard, eventually bitcoin's inevitable doom will become clear to everyone, and price will go to <10$ soon after, such pain, much hate, BUT THEN! the government will bail us out and we will be rich! muahaha muahaha, no wait that only works for real stocks and stuff. damn, without a government bail out, its hopeless  

 ^ ya man: dropping back to sub dollar levels would increase volume exponentially !  
  *watch!*

[KFR]

there is no use denying it any longer, bitcoin is not going to have anymore to the moon rises, buyers are going to get burnt, real hard, eventually bitcoin's inevitable doom will become clear to everyone, and price will go to <10$ soon after, such pain, much hate, BUT THEN! the government will bail us out and we will be rich! muahaha muahaha, no wait that only works for real stocks and stuff. damn, without a government bail out, its hopeless  

The instant you posted that there was a 333 coin market buy at Huobi.  Just sayin'.  

[magicmexican]

Bus is leaving boys, bottom confirmed

[minerpumpkin]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

[Tzupy]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

[minerpumpkin]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

[ensurance982]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

Yeah, it does look different! I also got the feeling that months ago the markets were more closely tied together somehow!

[beaconpcguru]

Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50%

I subscribe to this theory as well.  Catalyst to change coming.

[minerpumpkin]

Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50%

I subscribe to this theory as well.  Catalyst to change coming.

Yeah, I'm propagating that theory for weeks, if not months already. I don't know if it is Discus Fish, but you're basically right, that they most probably just moved 20 PH/s to some other pool and indeed already control 60+% of the network already

[ensurance982]

Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50%

I subscribe to this theory as well.  Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalk.org/index.php?topic=99497.msg8079787#msg8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

[dreamspark]

Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50%

I subscribe to this theory as well.  Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalk.org/index.php?topic=99497.msg8079787#msg8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

[ChartBuddy]

Explanation

[ensurance982]

Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50%

I subscribe to this theory as well.  Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalk.org/index.php?topic=99497.msg8079787#msg8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

[InstantBitcoin]

 

[dreamspark]

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

[hdbuck]

you know something's up when folks in the wall observer thread talks about AM..

[adamstgBit]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

[ensurance982]

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

Yeah, being a big pool makes your rate of hitting a block more predictable. Also you gain exposure, which is good. Why do you think people join Discus Fish if it has such a high fee, if there are other pools with lower or even no fee???