Bitcoin Forum

Clear sign of Strong buy. Based on real analysis and trend calculations. (non-log)

If in a week, you think I helped you to make a profit, feel free to tip me. Send me a personal message (only after a week.)

I am dumber than you but i have no money to use

Has to come with a date of maturity or it's useless.

I might buy 100 BTC on leverage just for fun.

Roger that, Roger.That

I feel like I'm in that movie Airplane  ;D

This thread is retarded. Close it down.

time to buy and grow more and more

Roger that. Buying more.

Yeah, more Gold and oil. Bitcoin will go lower (but there will be another bubble to profit, just don't miss to sell bagholders).

In 3 days we can expect to see a powerful bullish trend. (insider info?)

Do not give up hope before that.

Right, saving money for the next purchase.

Care to elaborate, or just spreading rumors?


Yeah, we keep hearing that.

Don't get me wrong, I'm very bullish on Bitcoin and in it for the long term, but all these retards dumping BTC like there's no tomorrow is just bad.

yet the price is dumped again, i don't all that strong buy

Dump was weak. Moving up already.

we are still under 200 euro, not returning anytime soon above that

Bitcoin only has a 5-6% free float so its always going to be volatile

We been saying "strong buy" at the level of  $500, $400, $300, $200 for past year and nothing has improve at all, please stop with Strong BUY

If i had a bitcoin for everytime someone said buy now i would be a whale by now.
Just another buy now thead, useless.

If its such a good time to buy up big the show us the proof that you have already done so.

By that logic only two more 'strong buy' opportunities left before the price is zero.

Volume on exchanges would suggest we are close to the bottom.

The recent dumping is driven by leveraged shorting. It is very easy to exceed natural bitcoin demand or supply with leveraged purchases or selling. Eventually it won't work and the bottom is in. The one or more entities who continue to try and short the price lower haven't given up yet.

I have lent a portion of my coins out on finex before, but I am surprised that anyone would allow their coins to be used to drive the price to new lows for 0.01% a day in interest payments.

What, you will buy 100 BTC on leverage just for fun, now that we are back in the $200 range, just like I told you Bitcoin would be?

https://bitcointalk.org/index.php?topic=914671.msg10043922#msg10043922

C'mon dropt. You said you looked forward to me reminding you /rubbing it in your face when Bitcoin was back down in $200 range, and here we are so enjoy it while you can....like before Bitcoin slips back down into $100 range and ultimately to double figures.....cos that where it is headed

You cant make a statement like that without some backup theory or something

Fun fact: Once we reach the bottom shorters need to buy back in! Unrealized profits are no real profits. So every bear has to buy at some point (soon).

Indeed, hence the rally to $310 and the halving of the BTC Swaps on Finex from around 30K, to 12K. In the past day or so, the BTC swap volume on that exchange has risen back up to 20K which will explain the slight price slippage in BTC. Guess a whole pile of capital is anticipating yet further selling pressure coming to market early next week.

I myself (if I was still tarding Bitcoin) wouldn't short here tbh. I believe that Bitcoin is going ultimately to double figures (or a lower low at the very least), but it would be entirely typical for Bitcoin to have another rally, testing and possibly breaching the recent $310 high. Perhaps it will be these over eager shorts getting squeezed which will ultimately take Bitcoin there.

Mat you are still trading bitcoin. You couldnt resist and bought back in remember?

yeah...but with sgbett amounts of money. With amounts of money so low that I can't really bring myself to give a shit either way....and that aint tarding.


Right now, I don't hold any BTC though.

Trading BTC ≠ helping the bulls

If someone buys just to dump higher soon after it's not helping your cause...

Lol dropping like a rock and you're talking about strong buy...

Panic sell incoming you mean... We'll break $200 tonight and then its panic time, new lower lows since 2014.

Too bad that there is no guarantee that there will be a final bottom anytime soon or ever, we are still going down and longs (that are still a lot more than shorts) have to sell back too as we go down...

Please stop with this unbelievable bullshit.

http://i1.kym-cdn.com/photos/images/newsfeed/000/589/793/e7d.gif


You have been telling us that these months crashes have been manipulation with leveraged selling. Stop.

Shorts on bitfinex have never exceeded something like 30k BTC. Now they are lot less.
Even if they would have always been 30k BTC, that amount (or at least how much that amount can change and effectively influence the price) is a drop in the ocean compared to the daily volume during volatile times on all exchanges. Absolutely nothing, they don't have much influence (not for major price movements anyway).
In case you were wondering, your short interest is somewhat correlated with price movements because the latter influences the former, not the other way around.


Stop with this bullshit that the "shorters have to buy back". Sure they technically do, but that doesn't have much influence on the price in the large picture per se and the longers are in the same situation, with the difference that the trend is still down (shorters profit, longers not really) and that longs are a lot more as always.

Another observation from another thread:

Yeah, and while we're at it why don't we mention that price is 80% less from the ATH, which means that those shorts hold a much lower USD value? 1k BTC during the ATH is not the same as 1k BTC now.


Longs = 15 millions
Shorts = 4.4 millions


Again, stop with this "shorters have to buy back so the bottom will soon be in" nonsense.

I have corrected you before. A few days ago you didn't even know what 'short interest' was..

The 10,000 additional short contracts that have been bought from $300 down to where we are now are extremely important in terms of setting the price. Only someone being totally disingenious like you would say otherwise.

Let us take the dump last night as an example. 5000 btc dumped onto the bid orderbook on bitfinex to scare the bids down. At the same time 5000 new shorts opened. Coincidence? Hmm.

You don't think buying 5000 btc if the price moves up forcing shorts to cover makes a difference? It is most of the orderbook on finex to bring the price back to $240 you simpleton.

You never corrected me in anything regarding actual content of the arguments, only on what was the best term/expression for the same concept we were talking about (short interest/number of BTC swaps).
I know more than you about shorts and longs since I actually trade (not right now tho), you don’t.

Dude, shorts were at 28k recently, they have been squeezed to 15k, now back to around 20k.   5k-10k BTC fluctuations once or twice in the span of months. Go look at the volume on all exchanges. Does it look like 5k-10k fluctuations once every few months have an influence on the BIG PICTURE of the price (nobody cares about little moves you are talking about, they are just noise, whether up or down). No they don’t. Again, they are a drop in the ocean compared to what China (that moves this market whether you like it or not, and yes the recent pump&dump to $300 was mostly them as always) or all the other exchanges combined can move during volatile times.


Again, quantity of BTC swaps (or “short interest”) are correlated with price movements because the latter influences the former, in the larger picture.



You just HODL and buy more whenever you can, you don’t trade, so why are you talking about something you don’t know much about?



If you are talking about the shorters “that have to buy back”, why are you  ignoring the longers?
"Short interest bubble". More like "long interest bubble" lol

Lmao. Strong buy right into a pump and dump right now.  

still too low for my shorting :/

i need a better pump to dump again

You keep buying more coin and you'll be a free man.

Especially during the upcoming shekel war.

It is the other way around: The bottom is in so shorters have to buy back.

And if they're trading on margin, automatic liquidation of their short position will force them to buy back.

sorry but what mostly i have been doing is sell sell sell and it seems a good decision.

People are too scared right now to invest.

Buy orders aren't strong because of the recent dumps as people fear another one.

Permabull logic:


Longs on bitfinex have been staying at more than $15 million for AGES (since when price was at $500-600 or more).
They have been taking ridiculous beatings but still manage to be at $15 millions now.
Shorts have been right since forever since we have been crashing for months, they are around $4.4 million now and they should all panic close because of little bounces creating a panic squeeze that is supposed to turn into the start of the next bubble or some shit.




 

Perhaps you need to consider the possibility that the USD Swaps includes LTC as well.   ::).  For someone who thinks they have all the answers you certainly don't seem to really think your assumptions and conclusions through.

And what is this "crashing for months"?  Might want to review your understanding of the word crash.

Considering how much money is on LTC swaps, yeah I can only imagine how many millions out of those $15 millions are dedicated to LTC. Like, who wouldn't have kept a long position on LTC since like july or something?
LTC price price dropped from more than $11 to $1 since longs have been at more than $15-20 millions. Whoever would have been so foolish to keep a long position in LTC that long would have been 100% margin called.


So this doesn't look like a crash to you?

https://pbs.twimg.com/media/B8yyqqBIAAEBEuO.png

And they only dropped to like 10MM when BTC sank to $160, so why wouldn't it have all been margin called down to near zero?  Your argument is that we should ignore the BTC shorts (which we know for a fact are BTC) because there are some 15MM in longs when we don't even know how much of that is actually against BTC.  You then claim that LTC longs would have been liquidated going $11 -> $1, yet make no account for the fact that longs only went to $10MM going from $600 -> $160.

It'd be nice if you stopped pretending the "bulltard" logic was complete fallacy but somehow your broken logic based on wild assumption is the real truth.



No, below on 16.10.1987 is a crash.  Post that date is post crash.  Saying BTC has been "Crashing for months" is illogical.

http://www.sniper.at/crash-87/stock-market-crash-1987.GIF

-I didn't say we should ignore shorts. I said that in the current numbers they do not influence the price as much as inca is trying to show, at least not in the larger picture. Especially considering that longs are a lot more (and he is ignoring them while always talking about the shorts).
-I said that I seriously doubt any significant portion of those USD swaps are used for LTC, considering how much little money is on the LTC swaps.

Simple as that.

I never thought I would read that.
If the chart I posted is not "crashing for months and months" I don't know what to say to you.
Is "severe and ridiculously scary downtrend" better to you? Is this what we are doing? Discussing about definitions of what "crashing" means?

I don't ignore the long interest. It is half what it was earlier in 2014 and near the lowest levels for nearly a year.

Whereas short interest is highly correlated with the price and in a much higher range.

You ignore that coin supply is limited, regardless of the price per coin. There are only so many coins available for btc swap. You haven't been around long enough to see a bullish move in btc yet..

You don't know how much I have been around. I know a little thing or two about BTC and BTC trading, in case you were wondering, I didn't enter this game the same date (8 january 2015) of the creation of an account with the word "trollin" in it.
This doesn't mean that I am here to post mindless trolling with this account (aside from a few pics and gifs for fun that is  :)). I am here to post my opinions on bitcoin backed by concrete arguments and anybody is welcome to question them and discuss about them  :)

I am perfectly aware of bitcoin price history and a lot of my threads are exactly about them  :)

Well use your original account then instead of hiding behind a cowardly troll sock puppet alt.

I paraphrased.  And again with your busted ass logic.  You don't know the ratio comprising the outstanding USD swaps so you cannot know how influential one or the other is.  You're sitting there making fun of bulltards for making assumptions and then back that up with your own assumptions as if somehow yours are better than theirs.


So your assumptions and doubts overrule the assumptions and doubts of others.  Got it.

And I never thought someone who's so dedicated to trolling that they created a named account for it would be so terrible at it.



No, it's not. Further, selectively sizing/croping a picture in attempt to bolster your argument is a pretty amateur way to try and validate your statement.

+1

Full name and address please, or else you're a coward.

YOO HOO, DROPT!!!

IT's ONLY ME:

https://bitcointalk.org/index.php?topic=914671.msg10043922#msg10043922 (https://bitcointalk.org/index.php?topic=914671.msg10043922#msg10043922)