Am... at what price mining won't be profitable anymore?
for massive industrial sized farms ?
390
Around 350 would be right. But I think, for the chinese it is around less than 300.
A pump right now would certainly mix shit up a bit & add to the general hilarity.
A lot of people are actually trying to pump it , but people are also selling and dumpin.
SO it has stabilized at 263-265 level. Lets see who wins.
268. Pumpers won!
Oh wait, it's only down about 15% in 2 days.
Lmao. Only 15 % in 2 Days!!
Some guys here are losing touch with the reality.
only 15% ?? ONLY
Compared to a one day drops of 16% on Nov13/2014, 35% on Dec7/2013 or 50% on Nov19/2013 (Bitstamp) or even greater one day drops on Gox, like 60% on Jun12/2011 or Apr10/2013?
16% spread over
two days is small potatoes by comparison.
Some people here are indeed losing touch with reality.
But that happening repeatedly is the real problem here.
Now that the price is not profitable for mining, I think low 200's would be a strong price in the coming days.
bitcoin is a shitcoin, if you are smart than you would invest in bitshares
That is the dumbest think I have heard. Do you think, you go to your friend and tell him about altcoins, then he would know about them ?
the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
I don't think there is much similarity in the prices of gold and bitcoin.
Both are much different.
Price of gold also can't be manipulated with little capital, like it can for bitcoin.
Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
Profitability has nothing to do with market cap.
Coinbase is setting up a business that will cater to the mass 90% of public that will utilize
BTC without knowing they are using Bitcoin for daily exchanges - basically Coinbase is going to sell you bitcoin for a 1-2% fee, allow internal transfers to allow you to buy that coffee from the corner coffee shop at them paying 1% fees, and then resell the bitcoin.
That is what these guys are investing in, not the total market cap of BTC. I figure the investors are buying bitcoin as a % of their own net worth and using fiat to support and gain fiat by investing into Coinbase.
I guess that is why VC's see the potential and invested 75 million into the company. Thats a crazy amount.
...
You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office last month in the last couple of months..
Yes.
Where do you even manage to get thses kind of graphics ? Looks pretty cool
Watching the action live is too much fun.
I am guessting thats because your pockets are already empty ? Didn't you have fun on the rise ?
Price just move up 6%
Well yesterday it moved up 50%. As compared to that, 6% is too small
Really obvious trap going on here, but still a lot of people here immediatly fall for it. It is telling about how gullible quite a few people here seem to be. One whale moves the market and BOOM: we are going over 300 dollars for sure! Soon to be followed by: last time we see 200's, to the moon!, etc.
I always wonder if it is really one whale. I don't believe it.
I think the "whale" is a whole bunch of panic bulls joined together.
That might be true, but when dumps of 1000's and 1000's of coins happen in a shot time, then it becomes evident its a whale not dumps from many people.
Support/Resisitence
200
150
132
you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)
Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE
Huge for what buying ?