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

[ChartBuddy]

Explanation

[superresistant]

 
The next 12 hours are critical I guess...

[jaberwock]

in 32 Hours the price according to my sources will be $377   (+/- 5)

seems like his crystal ball is broken

[NotLambchop]

On a more serious note,
<==click
Discuss.

[justusranvier]

On a more serious note,
<==click
Discuss.

Non-economic actors are buying/borrowing bitcoins OTC, then using them to sell down the market at a loss.

It will work until all the weak and gullible hands have no more bitcoins, then it won't.

[NotLambchop]

...Non-economic actors...

Meaning?

P.S:  This also seems to contradict your "sell down the market at a loss" hypothesis:

Trading volumes shrink

Overall trading volumes on the major exchanges have plummeted this week. About 1.9m coins changed hands on the exchanges this week, compared to 2.5m last week. That's a drop of more than 26% over seven days.

[L0uis]

big buying on huobi

[NotLambchop]

... he even predicted people calling him out being few hours off...

>few hours
>more than a day
>nothing happens

Very science, much accurate.

[noobtrader]

http://www.forexminute.com/bitcoin/fincens-new-bitcoin-guidelines-actually-good-news-48297

http://www.sys-con.com/node/3220637


 

bullish news on bitcorn, bitcorn will soon be equal to fiat

[ChartBuddy]

Explanation

[NotLambchop]

... but he can only observe the market and is able to think logically: he knew people would call him out, and he knew market is up for a mini pump.
...

>knows that people will call him on being laughably wrong
>Predicts a pump that doesn't materialize

To be that clever

[noobtrader]

... but he can only observe the market and is able to think logically: he knew people would call him out, and he knew market is up for a mini pump.
...

>knows that people will call him on being laughably wrong
>Predicts a pump that doesn't materialize

To be that clever

bitcoin has great future,  its price toward fiat
USD is irrelevant

[rebuilder]

I did a little legwork to compare the recent spikes in BFX BTC swap taking (in terms of interest rate on loan) and price movement. I make no interpretation of the following, but this is what I found:

I list large changes in interest rate as "peaks", the timing, and any price action at the time. Times in UTC, data from bfxdata.com. Prices and times rough estimates.

1st peak: sat 25th 15:00, post drop, price moves 341 -> 349

2nd peak: sun 26th 01:30ish, prev price rise petering off, local bottom @ 342.

peaks of swap taken at high interest rate until finally dropping down around 8:00-9:00. here price goes from 346 -> 358 at the same time as interest rate on BTC swaps taken drops.

next peak at monday 4:30-5:00, price relatively flat around 350.

Last peak to 0.6% daily 15:30-16:00, volume of BTC swaps taken significantly higher than before (2x at a glance). No significant price action.

[NotLambchop]

...
bitcoin has great future,  its price toward fiat
USD is irrelevant

That's the spirit!
Protip:  This thread is about BTC/$ price, noobtrader.  Dont post in this irrelevant thread.

[noobtrader]

...
bitcoin has great future,  its price toward fiat
USD is irrelevant

That's the spirit!
Protip:  This thread is about BTC/$ price, noobtrader.  Dont post in this irrelevant thread.

what are u deny me from observing irrelevant thing   i have free speech... are you trying to take my free speech now... porknotchop ? are you ?

[NotLambchop]

^
>free speech
>doesn't know his tinfoil hat is really shitty ersatz tinfoil, i.e. aluminium

Think happy thoughts, you'll taste better.



  ~Your Beneficent Reptilian Overlords.

[noobtrader]

one cant know if it is cheap or not, because the price is not included in the protocol

bitcoin production price is atm 131 and sold as 351... it seem fair price to me

I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month.

I would also like to see where you got those numbers from...

here is my calculation :

http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstamp


the cost of one bitcoin is  (just electricity) :

we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd  (more or less)

but this is without ROI cost, it only the electricity, and the operator work for free.

PS: @ 1.4 T we need about 52 days to create 1 bitcoin.
 

In other words, you took one of the costs, and calculated that cost, and then you thereafter concluded that the one cost was all the costs while conceding that you had failed and/or refused to account for any additional costs.


In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce each bitcoin.  

hmmm... but what if the electricity was free

What if?    If the electricity is free then there are more profits; and those are incentives for mining and incentives for dumping coins, but mining costs also are NOT a reflection of the totality of factors that affect current bitcoin prices.

thats why i was sayng the price above 300 was fair, i didnt said that the miner get 140% profit or anything... pls check again

Based on my fairly quick perusal, whatever point(s) your making, those points do NOT seem to be based on very complete cost calculations.... that's my main point in responding to your posts.

btw i want to add that at this usd price point (which btw is irrelevant to future price),  people have to sell 1/2 just to pay electricity versus the ideal price of 600 which ppl will just have to sell 1/3.  
which in turn increase the number of coin in circulation.

let us all pray that mass adoption happen tommorrow...

amen

[JimboToronto]

Yum. Delicious reptilians.

[Dotto]

More satoshi anagrams:

Shamans Iota Took
Mania Toasts Hook
Sonata Hooka Smit
Astonish Oak Atom
Ankh Oasis Tomato
A Satanism Hook To
A Hooka Mason Tits

[Tzupy]

More satoshi anagrams:

Shamans Iota Took
Mania Toasts Hook
Sonata Hooka Smit
Astonish Oak Atom
Ankh Oasis Tomato
A Satanism Hook To
A Hooka Mason Tits

Considering the amount of greed and fear involved in bitcoin trading, "A Hook To Satanism" seems appropriate.