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hmblm1245
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August 03, 2011, 09:06:32 PM
 #61

back down to 9 come on 8. maybe this will draw a ton of attention and then spring board back up.
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GeniuSxBoY
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August 03, 2011, 09:07:40 PM
 #62

broke 800



 currently connected: 801, uptime

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Hunterbunter
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August 07, 2011, 07:32:33 AM
 #63

wow the bottom a couple hours ago was 5.9...that's quite a pounding from like...$14 a week ago
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August 07, 2011, 08:44:06 AM
 #64

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
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JBDive
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August 07, 2011, 02:41:34 PM
 #65

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
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August 07, 2011, 07:40:04 PM
 #66

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
No...

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August 07, 2011, 10:13:45 PM
 #67

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
No...

No you don't want that or No it won't happen? Seems miners are shutting down still from the graphs although it's no mass exodus.
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August 07, 2011, 11:38:33 PM
 #68

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
No...

No you don't want that or No it won't happen? Seems miners are shutting down still from the graphs although it's no mass exodus.
Get in now buddy, go look at all the orders. We are going to be at double digits by tonight...

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JBDive
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August 07, 2011, 11:42:23 PM
 #69

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
No...

No you don't want that or No it won't happen? Seems miners are shutting down still from the graphs although it's no mass exodus.
Get in now buddy, go look at all the orders. We are going to be at double digits by tonight...

Maybe but I'm playing for tomorrow, not this low weekend volume. I wish I had cashed out sooner than I did and caught that dip but in any case I am waiting for the next, order is in and waiting.
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August 08, 2011, 12:07:21 AM
 #70

A warm hearty 'thank you' to the traders that sold at $6.  Cashed in a 20% profit within hours.  Not often you can do that.  Viva la volatility!

I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so.
No...

No you don't want that or No it won't happen? Seems miners are shutting down still from the graphs although it's no mass exodus.
Get in now buddy, go look at all the orders. We are going to be at double digits by tonight...

Maybe but I'm playing for tomorrow, not this low weekend volume. I wish I had cashed out sooner than I did and caught that dip but in any case I am waiting for the next, order is in and waiting.
I have made back $500 so far this weekend has been SICK.

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JBDive
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August 08, 2011, 03:31:27 AM
 #71

Interesting chart with Hash rate crossing difficulty.

http://bitcoin.sipa.be/speed-lin-ever.png

GoWest
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August 08, 2011, 03:55:54 AM
 #72

Interesting chart with Hash rate crossing difficulty.

http://bitcoin.sipa.be/speed-lin-ever.png



I'm going to go ahead and suggest that the crossover potentially signals a market bottom, just because we've been in a steady downtrend for two months and this is the first time that something has changed.

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August 08, 2011, 01:57:34 PM
 #73

Interesting chart with Hash rate crossing difficulty.

http://bitcoin.sipa.be/speed-lin-ever.png



I'm going to go ahead and suggest that the crossover potentially signals a market bottom, just because we've been in a steady downtrend for two months and this is the first time that something has changed.

So, when miners begin to quit, that's a good sign for the price? Uhhhm, that does not make sense at all.
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August 08, 2011, 03:35:59 PM
 #74

I don't think you can read short term price moves into that chart of hash power dropping and crossing the difficulty level listed. It's just interesting especially since it's really never done it before or at least not at these levels and may point to a longer term move in say network hash rate growth. I guess it shows where at least some miners feel they can no longer mine for profit or where they feel BTC value has dried up. The drop in network hashing is clear but it's not huge, yet.
lemonginger
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August 08, 2011, 04:08:35 PM
 #75

uhhh, all it means is that difficulty is going to drop
JBDive
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August 08, 2011, 04:15:14 PM
 #76

uhhh, all it means is that difficulty is going to drop

If it stays below that line which it appears to want to do when the price drops under $8.
fastandfurious
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August 08, 2011, 04:18:12 PM
 #77

uhhh, all it means is that difficulty is going to drop

That gives more coins/Hash at next difficulty DROP. And that gives the opportunity for miners to sell more bitcoins/day, making even more money from the direct USD (fiat currency) buyer that doesn't understand economics.

My new price target is 3 dollars if the difficulty drop continues.
Nagle
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August 08, 2011, 06:58:40 PM
 #78

I'm going to go ahead and suggest that the crossover potentially signals a market bottom, just because we've been in a steady downtrend for two months and this is the first time that something has changed.
The difficulty and hash rate are on different scales in that graph. There is no "crossover".
SgtSpike
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August 08, 2011, 07:49:44 PM
 #79

I'm going to go ahead and suggest that the crossover potentially signals a market bottom, just because we've been in a steady downtrend for two months and this is the first time that something has changed.
The difficulty and hash rate are on different scales in that graph. There is no "crossover".
But the scales are matched to where difficulty = estimated difficulty at X MH/s.
BCEmporium
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August 08, 2011, 07:59:16 PM
 #80

uhhh, all it means is that difficulty is going to drop

That gives more coins/Hash at next difficulty DROP. And that gives the opportunity for miners to sell more bitcoins/day, making even more money from the direct USD (fiat currency) buyer that doesn't understand economics.

My new price target is 3 dollars if the difficulty drop continues.

There's NEVER a difficulty "drop" in bitcoin. Difficulty just raises as the number of coins increase.
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