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

[macsga]

Wow.... Fucken quiet in here.   

It's a bit trollish lately.

I like the "a bit" part...

Hey, I'm no troll.  I just wanted to be heard.    and for the second time ever, I was. 
I'm  a Hodler.   30 btc ain't much but I'm optimistic that it'll be enough to save me being at the total mercy of the hamster wheel in a few years or more.
    Never had the nuts to short. I like to just watch and read, and ignore shrooms kit and that pony-fucker.

It's all a matter of conception. The safest way to play with BTC is to consider it as a long-term asset. I have sold in the past for a very low price and got a bit Goxxed too as many of us in here. I then decided to be the strongest HODLER in this place. I won't lie that there's absolutely no chance to sell a bit when the price is right, but to give you an idea, last ATH wasn't my target. I know it sounds a bit overwhelmingly confident to wait for a higher than $1200/BTC mark, but I don't have the slightest will to sell a coin for less.

One year, two... a lifetime? Who knows. The waiting game is on and running beautifully and it's nice to play with trolls in here in the meanwhile.

[ChartBuddy]

Explanation

[rebuilder]

The poll says most respondents think the price will be over 400 USD tomorrow. Shouldn't those respondents be buying with all they've got, then?

[AmazonStuff]

I don't care if BTC is going up or down, only thing I care about it that BTC continues to exist.

[hdbuck]

goood morning bitcoin

another day with unreliable classic payment processors: http://www.latesthackingnews.com/2014/12/03/paypal-vulnerable-critical-web-application-vulnerability/



choochooo

[Davyd05]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

[hdbuck]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

i'd say around 2nd quarter 2015

[Totscha]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

i'd say Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it

[Davyd05]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

i'd say Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it

welp its not like manufacturers of asics have nailed there self predicted launch dates lool

[hdbuck]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

i'd say Coindesk says around 2nd quarter 2015

http://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

There, I fixed it

hum ok. but i dont read coindesk.

[ChartBuddy]

Explanation

[podyx]

I don't care if BTC is going up or down, only thing I care about it that BTC continues to exist.

You obivously have no clue what bitcoin is...

[Erdogan]

It looks like the price is lured towards the walls, not scared away from them.

[Tzupy]

China dumps gaining momentum...

[Elwar]

It looks like the price is lured towards the walls, not scared away from them.

[shmadz]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

I bolded the part I'll reply to.

We will not see any large efficiency gains moving forward. Everything from here on out will be incremental at best.

From CPU to GPU was a big deal. From GPU/FPGA to ASIC was a big deal.

From 65nm to 28 to 20... it's just incremental gains.

[LFC_Bitcoin]

Any guesses on which way we'll go based on the results of this auction?

I'm hoping Draper wins again, it's a bit of a worry somebody might be lowballing to get the coins under market price & then dump them all.

[Davyd05]

Double bottom in hashrate// perhaps someone has decided the end has come for their equipment. Wonder when the next set of more efficient machinery comes online, besides testing from the manufacturer.

I bolded the part I'll reply to.

We will not see any large efficiency gains moving forward. Everything from here on out will be incremental at best.

From CPU to GPU was a big deal. From GPU/FPGA to ASIC was a big deal.

From 65nm to 28 to 20... it's just incremental gains.

is it really incremental in terms of gh per watt , joule w/e it is?  I suppose it is so.

[Newbie1022]

Any guesses on which way we'll go based on the results of this auction?

I'm hoping Draper wins again, it's a bit of a worry somebody might be lowballing to get the coins under market price & then dump them all.

Well, Draper is bidding within a consortium this time, essentially, on the behalf of clients if I read correctly. So, he probably won't win. That said, I imagine the price will actually go up even more, initially, if he loses because of the power of delusion. The market will assume, if Draper was outbid, that the price was above market price (i.e. -- that somebody was even dopier than Draper).

So, I'd anticipate a spike when the price is announced.

This is, of course, assuming that whoever wins will win each block. If the successful bids are split between several blocks then people will similarly exaggerate that into an end of days scenario.

Should be interesting.

It should also be noted that nobody even knows what Draper bid the first time. He could have bid under the market price -- not wildly below, but somewhat below. We all just guessed. The power of guesswork. People want the news to be good so they'll interpret it through that lens, again.

[ChartBuddy]

Explanation