While the USD amount of swaps is down from the peak, it could actually represent a larger BTC long position.
It is more likely that there are a large number of positions in the red, but if people have put new money into the exchange it could represent as many as 50,000 bitcoins (at $400).
So we might yet seem a flash crash. I've been wondering if the bottom would be a slow reversal, or if it'd have a mini flash crash. December 2011 had a slow reversal if I recall correctly.
It isn't as simple as that. The number of short contracts is also at ATH, no? Once the selling stalls, a squeeze is possible. 50,000 long vs 12,000 short battling on a downward trend. Pretty simple i'd say. Since the long : short ratio has always been skewed to the long side it clearly isn't that simple. |
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Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.
Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial... Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you? Lol, if "the public are never buying at this stage of a cycle - ever," are all the bulltards lying through their teeth? Or are they the big players, AFA ur concerned? *Just what would it take for you to "buy [your]last tranche of coins"? Another, bigger bull trap? What are you wittering about? Who are bulltards? A high volume capitulation flash crash with decent volume sustained buying and I will buy my last tranche. Are you suggesting the price will trend to zero with a sucessive series of bull traps? Sure. Please make your points more clear. |
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Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.
Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial... Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you? |
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Why on earth does the mining have to use more power than a medium size country as the price rises?
Because the miners get paid with block rewards in bitcoin. As the price of bitcoin rises so does the block reward. And as long the mining gear produces more rewards than the power to run it costs, it will stay online. And at, say $500K per coin and 12.5BTC/block that would be like $900M rewards/day or ~$330B/year. A large amount of that would be going into paying the electricity bills. You make an excellent point and in the long run perhaps the mining system may prove flawed. But I must have missed where in the near term the cost of a bitcoin is anyway related its mining cost? |
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Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually. If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it). I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it. The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while. From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong. Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs. *Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.  Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time. |
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While the USD amount of swaps is down from the peak, it could actually represent a larger BTC long position.
It is more likely that there are a large number of positions in the red, but if people have put new money into the exchange it could represent as many as 50,000 bitcoins (at $400).
So we might yet seem a flash crash. I've been wondering if the bottom would be a slow reversal, or if it'd have a mini flash crash. December 2011 had a slow reversal if I recall correctly.
It isn't as simple as that. The number of short contracts is also at ATH, no? Once the selling stalls, a squeeze is possible. |
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Depends on what you mean by "works." Certainly not as a store of value  Common misconception / mis-statement. "A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. " Bitcoin is an excellent store of value. -B- Only if your intent is to lose value. Today your coin buys two-thirds less than it did at the start of the year  Or three times the value of last year. |
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Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts. I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-) Also this lets me test my new circle account: 1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4 Which part of the world are you in? What is the price of a fine beer there? Germany. You have sent me too much, we said 5,00$ ;-) I remember it being more than that in Berlin the last time I visited! Enjoy it on me. Who says bitcoin is dead |
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the bull seems pissed off.
Lmao. This may have been the crazy volume low. Some people are definitely betting that now. Doubtful though. That was really powerful. Who knows. It is possible we will be kicking ourselves we didn't buy mor in six months. Or relieved |
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Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts. I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-) Also this lets me test my new circle account: 1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4 Which part of the world are you in? What is the price of a fine beer there? |
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Why goat my dear fellow, it's wild speculation, implication is in the eye of the beholder.
Well, the chart does imply a couple of things, amoth others the following. The mining network will consume more power than a medium sized country. The technology will still not be widely used, even at those price levels, otherwise it would have stabilzed with a high volume. So, thats what you believe? Why on earth does the mining have to use more power than a medium size country as the price rises? |
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Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts. |
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Does anyone believe any rally is real anymore after the $400-$450 one? (And now we are trading at $340 today)
No rally is real ever again. lol. |
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Someone fooking buy |
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You'll be fine, hodlers Play nice.. |
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RIP IN PEACE
Someone is buying the coins at this price. |
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I agree the slow motion slide is boring. Just dump and be done with it sellers. The longer you wait, the less you will get! To the person who just sold 2000 coins at 340 on stamp. Great price you got there |
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I've msg'd loaded asking for a smiley.
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And BTW, the days destroyed is a bit complicated to explain, but to prove that that argument is invalid I just took a look at the 500 richest address and I can see that most of these addresses had the first input late 2013 and in 2014, so most likely many of these adopters did something with their Bitcoins in other word they have been moving funds Bitcoin days destroyed is a bit complicated. Instead I will post a picture of just a few addresses and say I have seen something meaningful in 500. If you are going to post analysis, try and put some actual analysis in there please. |
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USD 0.0546% 0.1023% 19,737,287.13 USD BTC 0.038% 0.0116% 12,115.20 BTCLTC 0.0403% 0.0602% 108,332.76 LTC Almost ATH!! If the squeeze happens... this is gonna hurt  I wonder who the bears think has been buying all these thousands upon thousands of coins down near the all time low for the year. Keep selling. Just don't whine when all of a sudden the price turns on a dime and you realise leverage isn't easy money. |
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