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

[JayJuanGee]

It will probably stay at $200-400 for the next 2-3 years until the block rewards stop

Too much money is given away to miners. Even now at the low price of $400, they get about $1.5 million a day.

You may need to research a little bit more b/c the block rewards are NOT going away until 2140-ish, which is quite a way into the future...

And, there are costs to acquiring mining equipment and operating such equipment, so hardly seems like a give away... but then again, you seem to be just trolling with the out of touch nature of your comment.

[InvestorPerson]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life

[_javi_]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life

good luck with your coins and transfers without miners

[NotLambchop]

...So I must be a bit retarded...or maybe just not shortsighted?

You're okay, God don't make junk

[adamstgBit]

http://youtu.be/QQhVwBESulM

wow
such currency
to the moon!

[InvestorPerson]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life

good luck with your coins and transfers without miners

future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything

[hyphymikey]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life

good luck with your coins and transfers without miners

future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything

You can't replace incentive.

[podyx]

Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray
If not yourself, do it for starving children in africa

Maybe we'll go a bit lower

[adamstgBit]

Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

[ChartBuddy]

Explanation

[inca]

This is so crazy..
If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida)

It feels better to not be alone about it

Why would it go to zero? lol

[InvestorPerson]

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

Ok thanks, i almost bought some. Could you tell us when the price is right?

150-200 seems ok

Lol, are you serious, 150-200 is very less.
How miner will recover their cost.

in this game, people get burnt, they lose lot of money. that can affect miners too. it's not always happy hippy lucky life

good luck with your coins and transfers without miners

future miners and hardware will adapt to a new price level. the current mining environment can be replaced if it dies. you can replace everything

You can't replace incentive.

that is of course true. but nobody ever said that bitcoin is invincible. it's a strong tech, yes, but not invincible. put enough stress on even the hardest resistance and it will break

[nrd525]

Anyone else having problems with btccharts.com crashing due to Flash crashing?

[Oblodo]

"Ohio-based trader Dan Mercede buys from exchanges, including Bitstamp and Lake BTC, and sells mostly in the form of over-the-counter (OTC) transactions to his own regional customer base of private clients. He said former long-term holders of bitcoin that sold out in weeks past are getting back into the market in a big way now the price is dropping further.

“Demand is really high with low prices and all the sellers that [were] holders before are actually returning buyers again right now,” he said.

Mercede, who is CEO of Cryptocoin Capital Management (CCM), claims he has made an average return of between 8%–15% per day mostly by buying off Chinese exchanges and selling locally, or vice-versa.

“I can get some crazy returns right now,” said Mercede, who cited a trade this weekend where he purchased 20 BTC at $375 and resold the units at $560 to a client within hours. CCM has been executing similar trades for amounts up to 50 BTC per trade a number of times in September, according to Mercede.

It is common practice in North America for retail investors to buy at premiums via local trusted brokers in the case of many asset classes. What is unusual is that customers are happy to pay such large premiums. Many speculate this is the direct result of exchanges being associated with countries such as China and Russia, which do not resonate well with the American public."

This...

[podyx]

This is so crazy..
If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida)

It feels better to not be alone about it

Why would it go to zero? lol

It's just a thought experiment

I'm thinking worst case scenario

[JayJuanGee]

Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?

[derpinheimer]

Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Currently, I am exercising a variation of that kind of a practice.. buying frequently, but trying to catch the bottom within that 1 day or 2 day period (depending on how frequently i am buying).

Edit: By the way Adam, is your average buy in price in the black or the red, currently?

Bottom chasing is a thrill. Catching tops... I'm not so fond of.

[fonzie]

JayJuanGee has anyone ever told you that you´re quite a bit nosy especially when it´s about the finances of other people??


Edit: Everyone in here besides you has bought in below 20$ , lol.

[NotLambchop]

"Ohio-based trader Dan Mercede buys from exchanges, including Bitstamp and Lake BTC, and sells mostly in the form of over-the-counter (OTC) transactions to his own regional customer base of private clients...

"This, indeed, is despair."  --Soren Kierkegaard

[ubercool]

Quite frankly, I reckon the smartest thing right now is to go in with ATLEAST 30-50% of your whole capital and pray

Maybe we'll go a bit lower

i'm planing to buy just a little bit everyday

not looking to catch no bottoms

Good strategy, I am also buying daily 0.25 BTC, can't afford more then that.