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I don't get this whale.
If he's trying to protect a long position, wouldn't it make more sense to paint the bid book with walls for a while? Maybe let the little fish do some of the protecting in front of you? Instead he adds 5k to the losing position in market buys...
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I quit trading this volatile leftover descending trash that was resulted from the biggest ponzi scheme that ever happened since the old days of tulip bulbs and beanie babies
... a long time ago.
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What the hell just happened to the bid book on finex?
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This is ridiculous.
There are some weak mother fuckers around reacting to bad news & a sell off.
I'm expecting to wake up tomorrow & see 230 USD.
Embarrassing.
Whats the bad news? I haven't been following anything today hectic work day Well, the latest drug market place BTC scam. I don't know the exact number but I think 40,000 odd coins scammed & stolen. Presumably them being dumped caused this avalanche.ftfy |
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Why you no close margin longs? Get it over with.
Like a band-aid... right off!
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Looking forward to your pension?
Whoa. 40% slump. Sounds too volatile and inflationary for mainstream use. |
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No mention of 2.7 tx per second, the current disincentive for miners to mine larger blocks? And the component of the community that views it as heresy to even consider changing? This would probably be my points 1-6.
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Evolution dark net market admins have just run off with the users money. 43k btc. Still feeling super bullish everyone?
Sheep 2.0 |
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About 10,000 coins were sold on Bitfinex alone to only bring us down $10, but the bid side remains the same. Take that info how you see fit. I know what that means to me.
Let me translate: Bull-market is ON. Bear-market is off. This 10$ move was an last failed attempt to reverse the trend. I see the we are going up.  |
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Stolfi, adding Blythe Masters to your list would give a little more weight to your (rather unconvincing) argument. ^
Your vacation may have interrupted and curtailed the amount of attention you normally dedicate to this worthless ponzi.
You seem to know a lot about regular, long term posters for a supposed Jnr Member.m #sockpuppet Cute. Yeah, I registered this account in 2012 with the express intent of confusing you with my sarcasm several years later. |
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Stolfi, adding Blythe Masters to your list would give a little more weight to your (rather unconvincing) argument. ^
Your vacation may have interrupted and curtailed the amount of attention you normally dedicate to this worthless ponzi.
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Been a rough month for the longs.  |
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A lot of 2013 bull run bag holders wil have sold and those who haven't are unlikely to just sell for break after holding for this long. They either beleive in btc in the long term or know that if we get up to their prices again we are likely on another bull run.
Margin trading was arounf before the 2013 bull run so thats a moot point. Plus it being easier to short is just the same as it being easier to long. In fact with instruments such as 20x and 50x futures the upside potential of margin trading has more of an impact than the downside during a bull run.
All good points. Bitfinex usd sums have doubled, btc sums have quadrupled from the start of 2014 though. Not sure about the other chinese exchanges. |
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The point about margin trading not being a factor in the 2013 manias is a salient one. Back then, you were either in or out. There was also a frappe sipping frenchman in japan mucking up accurate price discovery.
This time we have a whole slew of 2014 bagholders who will be looking to cut losses or get out even at every significant increase. There is still 68k btc held by US and Aussie govt that will need to be absorbed, taking buying pressure away from the exchanges.
The positives: Coinbase exchange is live with non-trivial volume. Gemini to open when NYDFS gives them "blessing". Silbert's pink sheet should start trading soon.
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