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

[NotLambchop]

...
At the moment I'm wondering why  we  don't just go down

We are going down.  $338 on Stamp.

[Thomas-s]

http://www.zerohedge.com/news/2014-10-31/markets-explodes-bank-japan-goes-all-er-increases-qqe-jpy-80-trillion
Gold at 1170.
RIP Bitcoin.

[ChartBuddy]

Explanation

[raid_n]

according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more

KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158

Except mining 50 bitcoins with that device would take 170 weeks (or about 3 years) at the current difficulty...and we all know the difficulty won't go up for the next 3 years right?

Idiotic....the mining cost of a single bitcoin is far beyond the btc/usd exchange price right now.

I agree, hashrate increases have slowed significantly and may even stop shortly which is a huge tell that we are very near cost of production, if not already below. The last time this happened marked the long term bottom.

Forward sales of mined coins may have even artificially depressed prices 'ahead' of schedule by bringing inflationary effects forward in time. At a price point lower than the forward sale though the hedged miners switch from natural shorts to floor-setting determined buyers, as they can make guaranteed profits buying at market and selling at their hedged price.

Tell me, nasterxy, why are you not running a giant mining farm and making huge profits?



 

[Blue]

thank god, after 16h bitcoin price development  is back to normal 

[SkyValeey]

one universe

one cryptocoin

one internet

 

and one big mamma

[NotLambchop]

[Thomas-s]

Keep pushing it down bears... Easy money  
Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy   Wondering how much amo this bear group on finex still has  

So clueless.

[ChartBuddy]

Explanation

[dakota neat]

financial system meltdown, come over to the bitcoin save haven

[Hunyadi]

Keep pushing it down bears... Easy money  
Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy   Wondering how much amo this bear group on finex still has  

Unfortunately:

-2918 XBT yesterday. Seems a mistake, again?

[_javi_]

hey manipulators, having your daily dose of P&D?

[wachtwoord]

Keep pushing it down bears... Easy money  
Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy   Wondering how much amo this bear group on finex still has  

Unfortunately:

-2918 XBT yesterday. Seems a mistake, again?

When all these things become a bit more transparent when we look back a few years from now I'm curious what kind of dirty games we'll see looking back.

[bobboooiie]

"First German Bank Hits Savers with "Negative Interest Rates". Customers are now required to pay 0.25% per year to the bank for the privilege of handing the bank their hard-earned money."

[Mickeyb]

So where are we headed and why?

Thanks

[ChartBuddy]

Explanation

[madmat]

So where are we headed and why?

Thanks

To the moon, because we found the bottom. So obvious.

[Malin Keshar]

So where are we headed and why?

Thanks

To the moon, because we found the bottom. So obvious.

People calling the bottom since the up 400 level.

We will never know when we hit the bottom until some time after the bottom

So obvious

[DieJohnny]

Anyone else sensing gap up coming?

Gap down is usually a tightening feeling in my anus.

Gap up is something like a hot flash in my crotch.

I got some hot flashes last night thinking about Bitcoin..... something besides me is going up I think

[empowering]

I would go to the clinic to get that checked out