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

[dropt]

wow price dumped  

back to the  fair price

Fair price? Think lower, bro

oh dear... you were right, difficulty drop that changes everything... yep fair price is now 330-340  

A 0.73% drop will equate to a price drop just like the 16% difficulty increase in September resulted in the price sky rocketing.

what will happen then, difficulty will keep dropping to maybe to 25-35 range until 2016 then doubled because of reward halving

Difficulty doesn't double.  New coins paid halves.

[empowering]

http://usum.in/read/2014/12/bitcoin-holds-price-gains-as-vc-tim-draper-wins-all-bids-in-us-marshals-auction/


Tim Draper wins all bids apparently?!

Looks at the date and the number of coins ... that was the last auction ... sorry  

It's 29 mins old according to google.

I don't care how old the URL is ... read the article ... FAIL

EDIT : Or just believe it anyway and buy lots of coins cos a URL on google said so ... your call

The article was posed today.  that's actually a fact.  It had 6 views before me, and now it's 40 views.

One word = repost

(I could post the magna carta if I wanted to, still would not make it new(s))

No the article is from today.

It seems there are a lot of people posting that the auction was 30,000.  Just lots of people out there with blogs and thin on facts.

This guy says 30,000 and 27 bids.  He seems to have merged the facts from both auctions.
http://bitcointradingroom.com/2014/12/04/new-usms-bitcoin-auction-for-30000-btc-ends-price-could-be-above-market-rate/

He just copy/pasted from here.
https://www.cryptocoinsnews.com/new-usms-bitcoin-auction-for-30000-btc-ends-price-could-be-above-market-rate/

Are you taking the piss? (bit harsh)

Two more bs articles do not make the repost, not a repost..

I think you will find he copied the headline and pasted from here

https://gigaom.com/2014/07/02/bitcoin-holds-price-gains-as-single-mystery-bidder-wins-us-marshals-auction/

But really you knew that already right? (right?)

[coinableS]

No the article is from today.

It seems there are a lot of people posting that the auction was 30,000.  Just lots of people out there with blogs and thin on facts.

This guy says 30,000 and 27 bids.  He seems to have merged the facts from both auctions.
http://bitcointradingroom.com/2014/12/04/new-usms-bitcoin-auction-for-30000-btc-ends-price-could-be-above-market-rate/

He just copy/pasted from here.
https://www.cryptocoinsnews.com/new-usms-bitcoin-auction-for-30000-btc-ends-price-could-be-above-market-rate/

Yea article posted today, but that article was written in July. That website is just a article web ring that shows the first paragraph of an article and then a million ads.

[kurb3l]

http://s15.postimg.org/3ucmkmovv/Capture.png

Wow, such journalism, much headline.
Fits the Speculation sub...

[noobtrader]

wow price dumped  

back to the  fair price

Fair price? Think lower, bro

oh dear... you were right, difficulty drop that changes everything... yep fair price is now 330-340  

A 0.73% drop will equate to a price drop just like the 16% difficulty increase in September resulted in the price sky rocketing.

what will happen then, difficulty will keep dropping to maybe to 25-35 range until 2016 then doubled because of reward halving

Difficulty doesn't double.  New coins paid halves.

but if new coin paid halves, then in effect there will be like doubled difficulty

[kurb3l]

No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts

[NotLambchop]

...
but if new coin paid halves, then in effect there will be like doubled difficulty

For each individual miner--yeah.  For the whole network--no.  Only ~half as many coins will be added to Bitcoin every year, ~5% inflation vs ~10%.
(yes, oda, I know, just simpler to explain like this).

[noobtrader]

No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts

ok thanks

...
but if new coin paid halves, then in effect there will be like doubled difficulty

For each individual miner--yeah.  For the whole network--no.  Only ~half as many coins will be added to Bitcoin every year, ~5% inflation vs ~10%.
(yes, oda, I know, just simpler to explain like this).

wow...
lampchop stop trolling us and actually try to enlighten me... wow... tis is gentlemen !!!

btw thank you lamp chop...


edit :  bullish because 10% inflation vs 5%

[dropt]

wow...
lampchop stop trolling us and actually try to enlighten me... wow... tis is gentlemen !!!

btw thank you lamp chop...


edit :  bullish because 10% inflation vs 5%

Stop quoting that wanker.

[cbeast]

No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts

ok thanks

...
but if new coin paid halves, then in effect there will be like doubled difficulty

For each individual miner--yeah.  For the whole network--no.  Only ~half as many coins will be added to Bitcoin every year, ~5% inflation vs ~10%.
(yes, oda, I know, just simpler to explain like this).

wow...
lampchop stop trolling us and actually try to enlighten me... wow... tis is gentlemen !!!

btw thank you lamp chop...


edit :  bullish because 10% inflation vs 5%

Whether lambykins knows it or not, we are all in this together. Bitcoin is here to stay.

[ChartBuddy]

Explanation

[cryyptc]

Talking of giving someone a slap

Did you get bitchslapped by the invisible hand?  Not unexpected

/\dat hand was out of control.. NOT mah fault     Lol  ~>  http://en.wikipedia.org/wiki/Alien_hand_syndrome

[empowering]

Yeah thanks for that... I have the numpty on ignore for a reason = because, v boring.

[NotLambchop]

Yeah thanks for that... I have the numpty on ignore for a reason = because, v boring.

You're naggier than my cat, empowering.  Fine, I'll play.  Does empowering want the string??
Could it be this string?  Huh?  Who likes to play with the string?  Who can't catch the string?! Is it empowering?!
Oh, looks like i'm gonna let you have it ...onooo, so close!  Who's an angry empowering because he can't catch the string?  

Ok, enough, now I'm bored.
Here, take the fucking string  And don't let me catch you slinking around here again!

@everyone else:  Bet that BTCeanie BTCaby investment you passed up on is starting to look mighty good right about now...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aminorex]

these days you can't can be sure. Spies everywhere.

FTFY

[aminorex]

Yeah thanks for that... I have the numpty on ignore for a reason = because, v boring.

i have him on ignore because i don't want to think about the manner of events required to arrive at a just end.  i am not the batman. i am not the batman. i am not the batman...

[Chef Ramsay]

Yeah thanks for that... I have the numpty on ignore for a reason = because, v boring.

i have him on ignore because i don't want to think about the manner of events required to arrive at a just end.  i am not the batman. i am not the batman. i am not the batman...

Or, u da man? spell it out ma friendz and do clarify.

[ChartBuddy]

Explanation