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

[ChartBuddy]

Explanation

[esse83]

http://www.bloomberg.com/news/2014-08-31/apple-said-to-team-with-visa-mastercard-on-iphone-wallet.html

Wonder if there will be any reaction in the price to this news if true. We will know september 9th.

[Davyd05]

Can't wait to hear what really happened at btc-e...hacked api of a trader, bad programming whatever it was, will make for an epic story lol.

I'd be more worried if it was android and visa.

[Teppino]

Are we sure them at GABI weren't talking about 200M Satoshis?

[grappa_barricata]

Anyway, Apple users will spend all the iMoney dollars that their fathers charge for them at Starbucks.

[esse83]

I'd be more worried if it was android and visa.

Well perhaps, but happy to be all fiat atm. This decline will continue and might accelerate with news about Apple working with Visa, Mastercard and American express to create a mobile wallet.

[Newbie1022]

I am super irritated by the exchange shenanigans... but negativity aside, I have a fleeting suspicion we will be looking at 500 within the next couple hours... not days. If I called it then I want a cookie.

[grappa_barricata]

I am super irritated by the exchange shenanigans... but negativity aside, I have a fleeting suspicion we will be looking at 500 within the next couple hours... not days. If I called it then I want a cookie.

If you are right i wish you have this kind of cookies.

[Newbie1022]

I am super irritated by the exchange shenanigans... but negativity aside, I have a fleeting suspicion we will be looking at 500 within the next couple hours... not days. If I called it then I want a cookie.

If you are right i wish you have this kind of cookies.

Hey man, stop posting pictures of my girlfriend around the internet. She get's angry about that.

=D

[Davyd05]

I'd be more worried if it was android and visa.

Well perhaps, but happy to be all fiat atm. This decline will continue and might accelerate with news about Apple working with Visa, Mastercard and American express to create a mobile wallet.

Speculators gotta do what speculators gotta do. However I've been holding since last Dec, starting buying in Oct and it isn't so hard. I mean I know that if it is to enter bubble like situations I should probably profit take but however I am here to provide my trust in the system and watch it grow.

I don't know why you think this news is going to accelerate the selling. I'd hope as you that GABI doesn't just start buying as the last weak hands dump...not to say they're planning to do it on an exchange or all at once... but the price being where it is they might just do the biggest off exchange buys that they can.

[HarHarHar9965]

The point was that at these bitcoin price levels mining is impractical.

Why would that be the case? Some miners/groups, I would think, have sources for cheap miners and cheap/free electricity. Don't you think there are miners whose margins can go much lower than this? Maybe I am missing something.

 

[grappa_barricata]

The point was that at these bitcoin price levels mining is impractical.

Why would that be the case? Some miners/groups, I would think, have sources for cheap miners and cheap/free electricity. Don't you think there are miners whose margins can go much lower than this? Maybe I am missing something.

 

Consumer-level mining was impractical months ago already.
Industrial-scale mining facilities have logistics, R&D, capital costs, all in the craziest growing industry on the planet.
All of them are burning reserves as we speak.
New players entered the game in the previous months with some perspectives on price that have not been fulfilled.
I hear the free electricity argument a lot, but it is very unrealistic to expect that someone like BitFury for example run on free electricity.
Hardware may seems cheap the month you buy it (or that you develop it, in case of BitFury), but his profitability is based on assumptions that are out of the miners control.

That being said, i may be wrong. Maybe some mining facility is still profitable at these price levels. Perhaps they have their own power plants and they are mining on Einstein-Bose condensate optical lattices circuitry. Who knows  

[Searing]

The point was that at these bitcoin price levels mining is impractical.

Why would that be the case? Some miners/groups, I would think, have sources for cheap miners and cheap/free electricity. Don't you think there are miners whose margins can go much lower than this? Maybe I am missing something.

 

well imho too much coin from mining going nuts and from merchants cashing btc direct to usd via bitpay....the consumer side is not keeping up thus the downward drip/slip
as we see in price

keep hoping the facebook twins get their ETF out and that EBAY has a come to jesus moment to jump start world wide sales with bitcoin then it 'irrationally' go zonkers UP
instead of down

not that I know what i"m talking about .but a hell of a lot of giant PH farms that mine btc direct to usd....and more merchants the more they xfer it direct to cash a lot of 'sell' pressue imho

but then again i know zip

Searing

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[N12]

https://www.youtube.com/watch?feature=player_detailpage&v=iMIzMVABFxQ

[zby]

Looks like a lot good news today - I wonder if it will stop the down trend.

[esse83]

https://www.youtube.com/watch?feature=player_detailpage&v=iMIzMVABFxQ

Seems solid, def. future of currency.

[esse83]

Looks like a lot good news today - I wonder if it will stop the down trend.

What good news? Openbazaar and nude pics of Jennifer Lawrence?

[zby]

Looks like a lot good news today - I wonder if it will stop the down trend.

What good news? Openbazaar and nude pics of Jennifer Lawrence?

Have a look in https://bitcointalk.org/index.php?board=77.0 - maybe it is not really all good news - but for hype any news is good news.