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

[Darkmatter12]

We going down to $360 again

[fonzie]

Anyone else took his 50$ profits and now waiting for more cheap coins?

I sold it to new buyers 

Excellent, let them cheap coins roll in!

[bigdave]

We going down to $360 again

Unless volume picks up it may take a couple of days to $360 if it goes that far.

[NotLambchop]

...
Is there really not a single whale who would f*up other whale just for fun? Or they are really all so connected?  

It's not "they" as much as "it."  Or "is."  Plurality is just an illusion we maintain for you lower beings.



  ~Coo coo ca choo.

[byronbb]

WHat's the price point where buying coins is better than mining? We must be into that area for most miners now, the industrial sized crews still running a profit? The hashrate is in a BUBBLE, and so much of the mining environment reeks of endless scams.

[JayJuanGee]

someone doesn't want the price to go up

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

In my thinking, the only way that they (the downward price manipulators) can achieve the $0 price that you are describing, Shroomie, is to engage in a form of fractional reserve corruption (which may be taking place on one or more of the exchanges).  Otherwise, the downward manipulators will NOT be able to push the price down to zero or even down below $300 because sooner or later they are going to run out of coins and run out of people willing to depart with their coins.  The supply of coins is limited (at least in theory and supposed to be in practice), and I really doubt that at a certain price point that people are so dumb as to continue to sell... because it makes little sense to sell with such expanding BTC infrastructure and powerful computing network ...

 Surely, there are quite a few people, even who participate in this thread, who continue to fail to recognize the fundamentals of BTC and/or to recognize the value of BTC, but those people are also limited...... and maybe less and less inclined to buy into claims that BTC is over valued and that they better get out while they can, etc. etc.

[adamstgBit]

THE LINE MUST BE DRAWN HERE

[samsonn25]

34 Billion difficulty now,

I bet alot of Gen 1 and Gen 2 equipment is being scrapped now

Yes, and how much of the BFL 'secret' mining farm has been switched off???

Probably most if not all.

They dont have anything competitive now except the Monarch that they are concentrating more on cloud mining now. 

There are stil a ton of Monarchs that customers didnt receive yet.  SAD because a 700GH one will probably only mine back .15 btc if you had one today.  Not including power supply.

[Richy_T]

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.

They are not trying to take us down, they just know that when they dump, they'll be able to buy whatever they sold back at a cheaper price. It'll continue until that is no longer the case. Then it will probably be time to pump.

[mmitech]

WHat's the price point where buying coins is better than mining? We must be into that area for most miners now, the industrial sized crews still running a profit? The hashrate is in a BUBBLE, and so much of the mining environment reeks of endless scams.

yes it is, I stopped mining when my GPUs were no longer profitable early 2013, the only ASIC that I've owned were 3 BFL Jalapenos that I sold after a week of mining..... mining is becoming a centralized corporate business, and for these big companies mining is still way profitable because of the real low production chip cost and low electricity cost, for instance I did read somewhere that Bitfury chips costed them around $1 each, but they sold for $100+.

[findftp]

Don't worry people.
Just hold tight!

Best... graph... ever...

Yes, brilliant findftp!!

Thanks!
Donations appreciated so that I'm motivated to make more in the future

I don't know who, but obviously someone from this thread because I did not post it elsewhere, thanks for the donation I received a few hours ago.

edit: I like the timestamp 2014-09-30 13:37:42

[dakota neat]

someone doesn't want the price to go up

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

It's Karpeles who hates bitcoin like a angry little kid now and dumps his 300k coins just to harass you.

[JayJuanGee]

...
Is there really not a single whale who would f*up other whale just for fun? Or they are really all so connected?  

It's not "they" as much as "it."  Or "is."  Plurality is just an illusion we maintain for you lower beings.



  ~Coo coo ca choo.

There may be some dominant players, but of course in the end there is plurality.  Additionally, if some of the bigger players figure out a way to either buy on the exchanges or to buy at market price or to have market price reflected in their trading, then this ability to get dollars into the system quickly, is going to have a considerable ability to prevent downward price manipulation.  For example, circle should be good for allowing greater input of dollars, quickly and cheaply into the system... the same will be true for COIN, if it allows lots of dollars to be held and then to be injected quickly into BTC by big players (with some confidence that the exchange is NOT going to run off with their dollars).  Current exchanges seem to inspire reluctance for big players to  put their dollars thereon, but easily to transfer BTC and to dump.

[FNG]

someone doesn't want the price to go up

Is there really not a single whale who would f*up other whale just for fun? Or they are really all so connected?  

Paging loaded, Loaded, LOADED

Save us 

[adamstgBit]

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.

They are not trying to take us down, they just know that when they dump, they'll be able to buy whatever they sold back at a cheaper price. It'll continue until that is no longer the case. Then it will probably be time to pump.

+1

exactly

its been working gr8 for them so far, so they keep doing it, and the longer the trend persists the more poeple join in, this is why we always overshoot by a mile...

[keithers]

I think we can get back to $400 within a 7 day window.   I really don't understand the reasoning behind the downward pressure we have been seeing lately.   Who has run the numbers on the cost to produce 1BTC (through mining lately)?   It has to be close to a loss right now, correct?

[findftp]

I think we can get back to $400 within a 7 day window.   I really don't understand the reasoning behind the downward pressure we have been seeing lately.   Who has run the numbers on the cost to produce 1BTC (through mining lately)?   It has to be close to a loss right now, correct?

Well, it's the same they say about gold and silver.
That price should also be below mining costs,.. however,.. price is still declining

edit: just buy and hold. Just bought some additional silver

[Davyd05]

I think we can get back to $400 within a 7 day window.   I really don't understand the reasoning behind the downward pressure we have been seeing lately.   Who has run the numbers on the cost to produce 1BTC (through mining lately)?   It has to be close to a loss right now, correct?

Failed rally to break through 700 left us looking weak to whales. So they dump as it been an easy play.

[mmitech]

I think we can get back to $400 within a 7 day window.   I really don't understand the reasoning behind the downward pressure we have been seeing lately.   Who has run the numbers on the cost to produce 1BTC (through mining lately)?   It has to be close to a loss right now, correct?

maybe people realizing that Bitcoin price was really a bubble ?  beside, the cost of mining a bitcoin is not that important for price discovery, price is mostly based on supply and demand, if miners don't like the current price they have two option: 1) hold and wait for the price to go up again 2)or simply shut down their mining operation (which will be painful in most cases).

[prophetx]

the fact is that the $1200 pump should have never happened if it weren't for gross manipulation of the market with that bot.

at the time i thought that there would be an 18 month period that would serve as a lull period letting the industry get back to adding value.

instead we prematurely ejaculated and that created a bunch of alt coin pump and dumps.



bitcoin needs a double dose of viagra