This is two things. Manipulators playing the market and newbies falling for the same scam all over again. Bitcoins fundamentals are still flawed. It doesn't scale and is not anonymous by any means.
Your choice if you want to be stupid and get scammed out of your money by buying into this scam.
You can't fight human nature. |
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anyone got the data for finex shorts+longs?
bfxdata.com or bitfinex.com/stats |
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Surely 10k is realistic in the future? That's always been my target. Even then, selling may not even be necessary.
At the very least an exchange to a different cryptocurrency will likely be necessary. It is doubtful that BTC will be able to handle enough transaction volume to become a widely used transactional currency. BTC's primary role will be store of value and settlement. Less secure networks will be used for small value transactions due to lower fees. |
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They were bought between 5 and 30 USD.
Sell when everyone is greedy!
Around 700 you were shorting - so you were keeping your long while shorting, paying both swaps plus spread? there's no "swap" on Bitcoin. Feel free to correct me if I'm wrong. There are leveraged trading platforms such as kraken and bitfinex. Shorting implkes they are using shuch a platform, otherwise they would just say "sell". what does that have to interest swaps? When you use leverage, you are taking out a loan. You must pay interest on that loan. This is a currency swap, not an interest swap. |
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You know what? Fuck I don't even know. I distance myself from bitcoin for a few months, and next thing you know this shit happens. I'm considering even buying tonight (1:45am atm) and selling in the morning. Bitcoin has been nothing but a roller coaster ride of emotions and FOMO and regret ugh.
I damn hope it slows down before it goes "to the moon" or some shit because I'd like to finally profit off of this to some extent. I'm currently at a $200 loss so I don't really consider myself a trader.
To answer your question though, I think we'll rise until mid January or something. Kinda wanting to buy right now but I'm also trying to keep my emotions in check before I do anything with large amounts of money.
Don't mind me. This year's been tough, is all.
It is impressive to be at a $200 loss when the price is at a 3 year high. If you locked in profits at a lower level, I wouldn't consider that a loss, just a missed opportunity. If you tried to short Bitcoin, then hopefully you learned a lesson. Now is not the time for that. |
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They were bought between 5 and 30 USD.
Sell when everyone is greedy!
Around 700 you were shorting - so you were keeping your long while shorting, paying both swaps plus spread? there's no "swap" on Bitcoin. Feel free to correct me if I'm wrong. There are leveraged trading platforms such as kraken and bitfinex. Shorting implkes they are using shuch a platform, otherwise they would just say "sell". |
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Xmas correction to 860$ and then rocket goes to moon?
Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon  I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.  Bitcoin is sustaining the price of $899-$900 today by the way. The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday. See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it. Yes,it will calm down due to the holiday but it won't settle down at the price of $800-$825 and if you said $850 I will say you're correct. But at the price of $800-$825? Nah Hmm. That's cute and the prediction was absolutely right cos bitcoin does have a sharp increase in price and the current price now is $901 Who was the so call bullbear? He runs a subscription service that he advertises every chance he gets. If you would like to pay someone to tell you how to feel about the charts, he's your guy. |
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Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.
We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
Um, head and shoulders are bearish, no? I am still quite bullish for the upcoming week though. There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer. Yeah. There was a tiny one on the 30 minute charts that played out already. Just noise if you zoom out a bit. |
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pre-2012 reunion here? I'll bite.
now you're making me feel bad. i lurked from late 2012, didn't make an account until 2013. but i'm still OLD SCHOOL GOD DAMMIT Shit son. I registered this account in 2011 and it was my second account (I lost my first one after bitcointalk was hacked). |
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Ok, fine. I'm here. Now what?
BULLISH confirmed |
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850  China broke 6000 CNY and jumped up nearly 1% in minutes. |
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on another note, why is stamp consistently above finex? that never used to be the case, did something trivial change here? has it been this way since finex got hacked?
i haven't been paying close attention to the variation among exchanges for quite a long time. stamp would always lag below the other exchanges.
I think that some of the dynamics at Finex has changed a little, but those dynamics may work themselves out over the coming months... At least, I hope that they do. In the past several hours; however, there have been several times that walls of coins have been put up at $839, and currently at $844 (200 to 500 coins), and I am not sure if there are just too many coins on bitfinex and not enough cash - since, possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange, and you know how much easier it is to move coins rather than cash.. so when push comes to shove, there may be a much easier ability to move coins to bitfinex rather than cash and there are not enough folks on bitfinex storing cash.. i am kind of guessing on this point based on what could be a kind of feasible scenario. I believe that margin trading is still disabled. Much of the cash stored on finex was there to server as margin for long BTC positions. Without that fat interest rate many people probably moved their funds elsewhere. |
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bitcoin rise is great if you sell when high, not wait until it's too late - then the rise meant nothing.
But what if you think you are selling high and a week later your sell price looks low? |
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the best bitcoin to buy when the bitcoin reach atleast $1000 barrier because the price will surely drop because there will be alot of accounts that would encash their bitcoin because they got their profit. i think it would drop atleast $500 per bitcoin its a good start because it will grow again so you will gain a profit by investing it even you're gonna wait for a long time.
So rather than investing now and making 25% on the rise from 800 to 1000, you recommend waiting that out, and then hoping for a drop of 50% that shatters market confidence. Interesting strategy. |
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So what? I've had just as many posts, speaking out against big blocks, deleted from this thread. It has nothing to do with big/small blocks and everything to do with being off-topic. Pretty much all of my posts that have received moderation over the years come from the wall observer thread. It's nothing new.
I have tried to keep an equal and impartial moderation stance (regardless of my views) as much as possible. Keep in mind that I'm not the only moderator who can delete posts here (before someone jumps to any conclusion with specific examples). I'm not complaining. Like I said, I know I'm posting off-topic. I just can't help it sometimes (especially in this thread). That's just it. There used to be nothing off topic here. It was a lounge. That atmosphere has been killed and now it is a much less enjoyable thread to participate in. Intelligent discourse has died off and we are left with trolling and people spreading FUD. I will admit that bitcointalk has grown quite a bit over time and maybe that is most of the problem since you have to keep a much larger herd from stampeding. But it just sucks that this place is nothing like it was a few years ago. I really liked that place. |
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Read:  If you want to discuss Segwit or other technical stuff, then 'Bitcoin Discussion' is more appropriate for this kind of discussion (other sections may be as well, but the thread would be moved to the right one in that case). Also keep in mind that I can not keep reading all of the posts made here, thus please use the report function. I disagree that bitcoin price exists as an isolated thing. Sure, TA and chart patterns have an influence, but fundamentals matter as well. Sentiment regarding different scaling solutions effects general market sentiment. Additionally, censoring such discussion only contributes to the myth that moderators here are unfairly targeting big blockers. |
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I can confirm that I also had two posts discussing segwit deleted from this thread on the 25th. I wasn't even discouraging it, just trying to explain some of the opinions I've heard over on that other forum. We will never be able to reach consensus if discussion is not allowed.
How about you start actually behaving like adults and follow the forum rules? You're discussing solutions on a technical basis which has nothing to do with this thread, nor this section. I have tried keeping such discussion, regardless of whether positive or negative, and Segwit/BU/whatever out of this thread.
Regarding the poll: I have removed it as it was really outdated. There is no way to add one as a moderator AFAIK (which is unfortunate since OP's account is inactive). This used to be a fun place to hang out and shoot the breeze with whatever topics were tangentially related to bitcoin and its price. Because of your (not just you, the entire moderation team seems to be on the same page) opinion that the most important discussion in the community is off topic, many posters have left and those that remain self censor most of the time. Yet, all of the anti-semitic hate speech is just fine. I just don't understand how the issues surrounding the scalability of bitcoin are off topic, particularly in this lounge-esque thread. |
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As posted at bitco.in, this is a snapshot of adam's inbox:  https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-842#post-31104I can confirm that I also had two posts discussing segwit deleted from this thread on the 25th. I wasn't even discouraging it, just trying to explain some of the opinions I've heard over on that other forum. We will never be able to reach consensus if discussion is not allowed. |
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