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

[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

[ChartBuddy]

Explanation

[NotLambchop]

...prematurely ejaculated ... bitcoin needs a double dose of viagra

...or a nice nap and maybe some vidya later.

[ShroomsKit]

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.

I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.

[DutchTrades]

Why do you guys act so fucking emotional because of the price.

Yes, a 1000 BTC wall is quite big, but a few big investors and the wall can be teared down.

Just stop crying and take the market as it is. Whales can control your emotions this way, wich will result in you selling and making a lose  (or a smaller profit) while the whales are laughing their balls off and making tons of money.

If you believe in Bitcoin, i advice you to stay in.

If you don't, sell your coins and stop crying.

[Hiro_Y3k]

It's been said in other posts that the price is being suppressed on the exchanges. It's getting clearer each day. This is the consequence of unregulated exchanges. It would take a coordinated buying effort by institutional traders (small as they might be) to break down the walls. Really feel bitcoin is in an artificial bottleneck. Bitcoin needs some air to breath.

[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.

I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.

If they were seen buying tons of coins back, that would kinda spoil things. It's all about getting the emotional traders emotional.

[Richy_T]

It's been said in other posts that the price is being suppressed on the exchanges. It's getting clearer each day. This is the consequence of unregulated exchanges. It would take a coordinated buying effort by institutional traders (small as they might be) to break down the walls. Really feel bitcoin is in an artificial bottleneck. Bitcoin needs some air to breath.

If you want regulation, go play with some government fiat please. They like that kind of shit.

[i dig bitcoins]

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?

They're don't even care that its so obvious as well. Goes to show that they view the market as consisting of pussies and weak girly boys who really can't touch them. They are freely running around gaping asses and no one can do anything but bend over and take it like a little bitch.

[aztecminer]

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

gold and silver are without a doubt manipulated down which is why u should buy some.

[aztecminer]

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).

this price is great for miners in the us because we pay income tax on bitcoins at the price they were mined at.

[Richy_T]

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

gold and silver are without a doubt manipulated down which is why u should buy some.

Haha. Yep, with German gold and probably also from other countries that are too scared to ask.

[rebuilder]

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.

I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.

Let them dump. If Bitcoin is a viable idea, it will survive. Bitcoin's survival depends on its utility, and market price of a coin mostly doesn't affect that. If bitcoin is useful, anyone trying to suppress the price will lose their shirt if they're insistent. If not, they're doing everyone a service.

[samsonn25]

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).

Miners cant shut down too long, as difficulty increases on average 15% every 13 days

[Boxman90]

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?

You're just one of those cultists who think upwards movement is natural and downwards movement is manipulation.

The whole way upwards was manipulated by fake China volume, Gox bots and whale manipulators. Don't kid yourself by saying the way to 1163 was natural.

[samsonn25]

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.

I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.

Let them dump. If Bitcoin is a viable idea, it will survive. Bitcoin's survival depends on its utility, and market price of a coin mostly doesn't affect that. If bitcoin is useful, anyone trying to suppress the price will lose their shirt if they're insistent. If not, they're doing everyone a service.

If this is true, it should not matter if the "market" price of Bitcoin is .10 cents or $1000.  People maybe confusing a bitcoin for a lottery ticket

[aztecminer]

as can see from this graph the dollar is rising for it's third peak in five years.
each peak is followed by a crash.