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

[Schickeria]

Is it possible for bitcoin price to trade below 400?

It's obviously possible to trade as low as BTC production price is reached, currently well below US$300. Nobody will sell them bellow what it costs to mine them. Except that limit, everything else depends on the demand. If we hit that price watch for datacenter movement to locations with extremely cool climate and dirt cheap electricity.

Nearly all prices are possible regarding the poll, even prices near 0$. You are talking about realistic prices, that's another thing.

[oda.krell]

Feels great to see my life savings just dissappear

Can't sell at this huge loss either..



fucking hell

when playing with life savings maybe some stop losses are in order.

I probably won't be selling, (maybe but not sure)

I'm taking loans if we go sub 400
I will be incredibly fucked if this thing goes wrong...

You know, normally I'd assume you're joking, but I guess you're not...

to recap:

1) you're invested too much in an extremely speculative asset^*.

2) your investment is underwater, and you have no form of risk control in place

3) if it goes down further (and you're down with your initial, already too big, investment even more), you plan to increase your exposure.

... I'm not even gloating, or trying to be a dick... I'm just puzzled. And, while I don't know you personally, a bit worried.



^* (well, that's what it is. has a shot at going to the moon, has a real chance to never make it back to $1000. ergo: extremely speculative)

[N12]

Is it possible for bitcoin price to trade below 400?

It's obviously possible to trade as low as BTC production price is reached, currently well below US$300. Nobody will sell them bellow what it costs to mine them. Except that limit, everything else depends on the demand. If we hit that price watch for datacenter movement to locations with extremely cool climate and dirt cheap electricity.

Miners will sell at whatever price they can get, if they have bills to pay. A small loss is better than a big loss, and a big loss is better than a huge loss. If prices drop below production costs, miners will shut down and the hashrate will decrease until production costs get low enough.

I don't think hashrate will ever significantly decrease again. The ASICs have no other purpose than mining Bitcoin, and if their value falls low enough, someone who can operate them profitably will buy them.

The rate of growth has been in steady decline since winter, but I don't see it going negative at any point.

[sally87]

Is it possible for bitcoin price to trade below 400?

It's obviously possible to trade as low as BTC production price is reached, currently well below US$300. Nobody will sell them bellow what it costs to mine them. Except that limit, everything else depends on the demand. If we hit that price watch for datacenter movement to locations with extremely cool climate and dirt cheap electricity.

Miners will sell at whatever price they can get, if they have bills to pay. A small loss is better than a big loss, and a big loss is better than a huge loss. If prices drop below production costs, miners will shut down and the hashrate will decrease until production costs get low enough.

That's true! But you think the Bitcoin price will stay below 300$ or 250$ for one month. Even when that happens it will increase again. I keep them in my pocket, because there is a lot of votality on the price on this moment. And everybody is waiting for Nasdaq.

[rebuilder]

I don't think hashrate will ever significantly decrease again. The ASICs have no other purpose than mining Bitcoin, and if their value falls low enough, someone who can operate them profitably will buy them.

The rate of growth has been in steady decline since winter, but I don't see it going negative at any point.

That's essentially a bullish statement. If the price goes low enough, the hashrate will have to come down, unless a significant portion of hashing is done by people without a direct profit in mind. Even then, they'd better have very deep pockets.

[iram3130]

Explanation

What the hell is going on market, we are dropping continously.
I really don't understand why there is no support.

Greed? Everyone hopping to buy lower... Nothing new here  

But how much lower, we already lost more then 33% in last 2 month.
It's really hard to stick with this way.

I would say we are really near the bottom, since there is not much interest for more dumping. Unless few players decide to dump 2000+ btc.
Yes... hard times   Better take your btc to cold storage and forget about them for a month or two. Let the manipulators play with themselfs, sooner or later they will stop  

I am also thinking same that, just don't watch Bitcoin market price for some weeks
because it's not easy to handle these mental pressure when you are seeing regualry
you are loosing your wealth.

[iram3130]

is it possible for bitcoin price to trade below 400:
strong yes    - 28 (25%)
strong no    - 10 (8.9%)
yes.    - 29 (25.9%)
no.    - 14 (12.5%)
idk but i cut my looses!    - 1 (0.9%)
IDK, but I say HODL!    - 30 (26.8%)
   
Total Voters: 112

Not many times I've seen poll results accepting a downfall..! almost 67% of feels that btc might trade below 400. Wait and watch if that happens.

Usually the opposite happens.
Markets often move in the opposite direction of what most market participants expect.

Is it possible for bitcoin price to trade below 400?

Why it should not be possible? 0,10$ is possible same as 100,000$ is possible. Stupid poll, or is it that I understand it wrong?

Everything is possible in manipulator markets, you always be ready to see unexpected things.

[mmitech]

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!  Darkcoin also seem to be doing very well 20% in 24 hours...

[iram3130]

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!  Darkcoin also seem to be doing very well 20% in 24 hours...

Yeah, some old coins really doing good these days but some coins really lost like hell.
I remember yesterday GNS lost more then 97% of it's value.

[spooderman]

Sorry Blitz, but I can never forget your legendary, "Nobody buys the triple digit lie any more." Your pessimism is so over the top.

Bitcoin is FINE everyone. It's still the most robust medium of exchange ever invented.

[Schickeria]

That's true! But you think the Bitcoin price will stay below 300$ or 250$ for one month. Even when that happens it will increase again. I keep them in my pocket, because there is a lot of votality on the price on this moment.

Some of you guys are talking like it's just all written down in the books. Why don't you better say "I suppose it will increase again" and not "it will increase again". It makes the impression of lemmings jumping from the cliff...

[exocytosis]

Bitcoin is FINE everyone. It's still the most robust medium of exchange ever invented.

LOL!

[ChartBuddy]

Explanation

[doo]

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!  Darkcoin also seem to be doing very well 20% in 24 hours...

This are poor pump and dumps actually, Peercoin was up 40% yesterday and something similar with Blackcoin a few days ago. 3/4 of ripples volume is in cny
BTW GameLeagueCoin is up 54% and Bitmark 40%

[mmitech]

Sorry Blitz, but I can never forget your legendary, "Nobody buys the triple digit lie any more." Your pessimism is so over the top.

Bitcoin is FINE everyone. It's still the most robust medium of exchange ever invented.

I wonder what would the price of a Bitcoin  be if Alts didn't exist ?? we all know that to buy an Alt you need to buy bitcoins first to convert them to alts later which add additional demand/support to the price....  now imagine that for a moment.

[mmitech]

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!  Darkcoin also seem to be doing very well 20% in 24 hours...

This are poor pump and dumps actually, Peercoin was up 40% yesterday and something similar with Blackcoin a few days ago. 3/4 of ripples volume is in cny
BTW GameLeagueCoin is up 54% and Bitmark 40%

I do look only at the top 10 coins by 24 hours Volume and market cap.

[spooderman]

Looks like the next jump in difficulty will be huge

[JayJuanGee]

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!  Darkcoin also seem to be doing very well 20% in 24 hours...

This are poor pump and dumps actually, Peercoin was up 40% yesterday and something similar with Blackcoin a few days ago. 3/4 of ripples volume is in cny
BTW GameLeagueCoin is up 54% and Bitmark 40%

If you had NOT already noticed, Mmitech resides in a sort of fantasy land, and he frequently skews his renditions of the world with his book.  He also seems to believe that a central purpose of this thread is to persuade readers of this thread to follow his lead (which happens to be his books - which are also likely in La la land). 

[joburgtaxi]

I really don't think I can take any more of this "SLOW DEATH" tired of the endless stories of "this is the bottom", CCMF, next week, next month BLAH BLAH BALH

[h3speros]

Feels great to see my life savings just dissappear

Can't sell at this huge loss either..



fucking hell

when playing with life savings maybe some stop losses are in order.

I probably won't be selling, (maybe but not sure)

I'm taking loans if we go sub 400
I will be incredibly fucked if this thing goes wrong...

You know, normally I'd assume you're joking, but I guess you're not...

to recap:

1) you're invested too much in an extremely speculative asset^*.

2) your investment is underwater, and you have no form of risk control in place

3) if it goes down further (and you're down with your initial, already too big, investment even more), you plan to increase your exposure.

... I'm not even gloating, or trying to be a dick... I'm just puzzled. And, while I don't know you personally, a bit worried.



^* (well, that's what it is. has a shot at going to the moon, has a real chance to never make it back to $1000. ergo: extremely speculative)

- if it's going <300 do you really think that it would not bounce violently back? ofc theres a chance but chance of bounce is much higher
- as is chance of moon than "never get back to $1000"

podyx plan is risky ofc but we are bitcoin investors, many of us has made fortune out of few grands, it could be more dumb to sell at <300 because of risk management that doesnt rly know what the real risks are than investing loaned money at <300