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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by WhatsBitcoin (7)
no block since a hour. is BitCoin dead? 
https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3
https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3
There were far too much blocks in the hours before
7,17/h blocks in the last 6 hours
7,42/h blocks in the last 12 hours
https://fork.lol/blocks/time
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget
Are miners still making profit?
The break even point must almost be exceeded ...
Are miners still making profit?
The break even point must almost be exceeded ...
What are you trying to say, exactly?
I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?
By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.
Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.
What I am trying to say is that miners will not mine unless they are profitable.
So either they will switch off some miners so the hashrate goes down (which I see as unlikely)
Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.
I just find it an interesting topic :-)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget
Are miners still making profit?
The break even point must almost be exceeded ...
Are miners still making profit?
The break even point must almost be exceeded ...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Another dump...how surprising... 
Nervously checking the chart
only down to 6350 from 6400
What are you talking about?
Bitcoin goes up to 20,000 $in December 2018 or below the 20,000$ P
Looks like it will be below $5000 in Dec 2018.
Time will tell.
I see 5k more likely then 20k ...
But I hope we can get to 7-8k :-)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The whole Tether issue is only an "issue" if they are created out of thin air.
If every Tether is backed up by an US Dollar then they can pump Bitcoin all they want (and have the right to do so)
If every Tether is backed up by an US Dollar then they can pump Bitcoin all they want (and have the right to do so)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Now I kind of hope that this is all one big manipulation by a whale who drives the price down to buy cheap BTC and then drive it up again ;-)
But well ... so much for early retirement.
Hope the next halving in 2020 can save us
But well ... so much for early retirement.
Hope the next halving in 2020 can save us
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Back below 6,5k
OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.
OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.
Because? The tree was shook and you thought the sky was falling?
Because of common sense
Is there something special happening in August that I am unaware of?
No there isn't
Everyone predicting high numbers is just talking out of their own ass ;-)
I hope for rising prices but apart from the using fluctuations I don't see why we should hit 10k before the next halving.
A lot of people forget the price went to $2000 to $20,000 in less than a year. So Bitcoin can surely do it again potentially it could go from $7,000 to $70,000. Most people say Bitcoin is dead, those are only considering BTC for a 6 months-term but it doesn't work like this and it's better to go with another altcoin in this case. At the same time, there is the nostalgy of the $20,000 mark mixed with the lack of patience.
Bitcoin went for 2k to 20k because of mass media attention to Bitcoin.
This is a one-time shot and we won't get it again any time soon.
Don't expect this kind of attention in the next 5 years.
And discuss why or why not?
I just wanna know all your opinions. I was also gonna make this a poll, but I think the discussion 'why' (or why not) would be better.
Let's also have some fun around in the thread...
I just wanna know all your opinions. I was also gonna make this a poll, but I think the discussion 'why' (or why not) would be better.
Let's also have some fun around in the thread...
Im going to HODL my coins until at least 6-12 months after the halving in 2020 so the proce faloijg atm shouldnt bother me as my get out point is still a good while away......but it does bother me.
I hate seeing the price fall & I think its manipulated to fuck, whales shorting & fucking up the market. I even think Wall St & governments are doing it too.
So to answer the OP, unfortunately yes, I think the price could go sub 6k.
Well reach a new ATH before or a year or so after the halving any way though, bitcoin ALWAYS recovers.
This is basically also my plan.
My only concern is that if we fall to much then even a doubling or tripling around the next halving won't bring us to 20k again.
So I really hope we get the the 10k before then.