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

[L0uis]

Snip

Meh, all the way in December? Really? 

It could mean that the entry point doesn't get much lower... But who knows.

[coins101]

The path to $100,000 BTC

-> Apple launch own payments system [check] Sept 9

-> PayPal sign posts to the market it is doing something to counter with BTC [check] Sept 8-10

-> More traders take notice of BTC [check] Sept 10

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

........

Hadn't anticipated how quickly supermarkets would adopt Bitcoin like approach to payments. Trivial move for them to add Bitcoin as part of scan and go as customers adopt similar processes.


https://www.flickr.com/photos/j-sainsbury/sets/72157631774012562/

Global domination of Bitcoin is another big step closer.

Prices look like penny stocks cheap at these levels.

[Moria843]

in terms of hash rate we're probably seeing the change over from equipment that can no longer run efficiently, but doesn't mean a new wave of new tech doesn't come on line to replace in soon enough...interesting idea to imagine a new mining company selling at loss to hurt other miners pretty risky lol ... seems like another point where speculation over getting into mining is pretty obvious.

I am still running my bitfury gear, 1 year old, and I am still earning, thanks to cheap electricity.

But I think asic bubble is nearing its end, and I think there will be no more crazy difficulty jumps. miners are much more aware of potential risks these days.


asic bubble deflating = price crashing

I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable. I had to lower the voltage to each ASIC on the old mining rigs, which forced reducing the hash rate but increased efficiency. Went from an efficiency of 2.5 J/GH to 1.16 J/GH. As a comparison, the newer most modern miners are 0.78 J/GH. My electricity cost is $0.13/kWh. At the current BTC value and difficulty I can only make a profit by slowing down the old miners to make them more effecient. So, I'm not mining as many coins, but still making a profit.

[NotLambchop]

...

https://www.flickr.com/photos/j-sainsbury/sets/72157631774012562/

Global domination of Bitcoin is another big step closer.

Prices look like penny stocks cheap at these levels.

The Fappening--Mech Edition!  Celebrity Barcodes Leaked!

[ChartBuddy]

Explanation

[mooncake]

in terms of hash rate we're probably seeing the change over from equipment that can no longer run efficiently, but doesn't mean a new wave of new tech doesn't come on line to replace in soon enough...interesting idea to imagine a new mining company selling at loss to hurt other miners pretty risky lol ... seems like another point where speculation over getting into mining is pretty obvious.

I am still running my bitfury gear, 1 year old, and I am still earning, thanks to cheap electricity.

But I think asic bubble is nearing its end, and I think there will be no more crazy difficulty jumps. miners are much more aware of potential risks these days.


asic bubble deflating = price crashing

I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable. I had to lower the voltage to each ASIC on the old mining rigs, which forced reducing the hash rate but increased efficiency. Went from an efficiency of 2.5 J/GH to 1.16 J/GH. As a comparison, the newer most modern miners are 0.78 J/GH. My electricity cost is $0.13/kWh. At the current BTC value and difficulty I can only make a profit by slowing down the old miners to make them more effecient. So, I'm not mining as many coins, but still making a profit.

What if the price keeps dropping to say... $400? What would be your response?

[Hunyadi]

Small dump in Bitstam.

[NotLambchop]

...
I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable...

When you say "profitable," do you mean to say it costs you less in electricity to mine a coin than you could get for it at the current exchange rate?  If so, what do you mean by "not selling at a loss"?

[abercrombie]

Is crypto done?? 

[empowering]

New London based exchange = Bitok https://bitok.com/



http://cointelegraph.com/news/112481/bitok-exchange-launches-in-london

Beware, it's Russian one. 

Is that a bit racialist?

[Hunyadi]

Is crypto done?? 

Unfortunately yes, it is complete failure, that's why we don't have any recent good news

[manfred]

Is crypto done?? 

[JimboToronto]

Is crypto done?? 

LOL

[exocytosis]

There was a tiny dead cat bounce. Now we're heading down to sub 450.

[JimboToronto]

There was a tiny dead cat bounce. Now we're heading down to sub 450.

Sell now or loose everything bagholders.

Edit: Oops, I forgot to mention "final capitulation".

[mooncake]

There was a tiny dead cat bounce. Now we're heading down to sub 450.

Sell now or loose everything bagholders.

Edit: Oops, I forgot to mention "final capitulation".

You are fallling!

[JimboToronto]

There was a tiny dead cat bounce. Now we're heading down to sub 450.

Sell now or loose everything bagholders.

Edit: Oops, I forgot to mention "final capitulation".

You are fallling!

LOL. Better get your sarcasm meter checked.

[ChartBuddy]

Explanation

[jeezy]

Is crypto done?? 

Confirmed. Get out now while you still can!

[bittown]

I was ready for the choo choo but today's value is dropping again.