Microbears are relentless, we must be on the brink of getting their shorts called.
you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂 Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK. apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on... and still more than 100.000 coins borrowed on bfx. this is a house of cards... A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time. How much are you short hfertig? |
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Please don't quote the troll/nlc.
Thanks.
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1d stoch high as f***, expect dump after another bull fail.
3d storch either. This ridiculous bulltrap is based on nothing but gbtc which is being "traded" by owners of that scam project to themselves mostly. There will be atleast double bottom at ~160$ once next auction's date will be announced. Market makers won't miss the last chance to fuck longs before the reversal. Is that what happened after the last auction?  |
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yea, of all the times to get out, now makes the most sense in the last 18 months
I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin. Should be a sure thing. I would ask tarmi, but he seems to have left the building. |
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In that case I'll better go and sell all my coins ASAP, thanks for this valuable financial advice! +1 , I'm out.. Confirmed After weathering 18 months in bear market, i'm out too /s |
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Bitcoin vs Blockchain is still going at full swing in the mainstream press. Are blockchains here to stay, in one guise or another? Just because bitcoin didn’t succeed as a currency
doesn't mean blockchain will succeed as a technology, but the experiment is important to run," says Patrick
Collison of Stripe, a payments processor. The possible uses are legion, but the killer app is still missing.
I didn't realize that bitcoin the currency already failed. Probably talking it down while he does the opposite and acquires. |
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This is driving me insane. Why is every moon launch of the last few days being postponed...?
Faulty solenoid I reckon Now there's a scouser on the forum I imagine the starter motor has long since been stolen. Mind your wallets!! |
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Hey, I'd love to hear your latest trading setup. I followed your last trade: short from 220, added at 228 but the price keeps rising!!!  |
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The value of the 'network effect' peaked some time time ago an it is now a distinct negative and a distinct threat to the system in my opinion. By now everyone who can make legitimate use of the system has heard about it. Most of the new-users are of the class who have no real chance of protecting themselves (even less than the historic dismal record that the userbase has demonstrated) and will thus induce even more nanny-systems to lend them a hand. These are inevitably bad for Bitcoin in a variety of ways (the most common one being that they are scams and/or even worse that the mainstream banking system in multiple important ways.)
Bitcoin will not really fill it's potential until sidechains are up-and-running. I just hope it lasts that long before it is destroyed from within. If so something else and probably something much better will take it's place though it would probably set certain things back by a few years. I hope(d) it would be Bitcoin since I still sit on a fair number of them and it would make my life easier.
I am not sure many people will agree with your assertions. In fact most of the new users in the future will be using multi-sig technology with companies like coinbase or enjoying consumer protection with companies like circle without even realising it. They will use bitcoin like they use gmail. It isn't appropriate for members of the public to be playing with cold storage and dice or worrying about what a private key is or how to store it safely. It might be worth remembering that bitcoin isn't a plaything entirely for superior beings like yourself. It is for everyone. |
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Very bullish on here. Caution with the leveraged trading guys. Until we break through the 290's on high volume we could recede lower with significant selling.
I personally think you would be mad to sell here. But you and I are not running this show.
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Final dump before the pump to the 250s
My coin has not hit the market yet. Within 48 hours the price will be 220 :/ Let's see. It took bear whale another ~7k to keep the price at 240 over the weekend. No one is shorting these declines. Retail is either underwater or scared to get caught again. |
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Technical analysis in a vacuum. What could go wrong |
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Does anyone seriously think that the people who invested hundreds of millions into the the infrastructure are not going to buy any coin also?
<snip>
It is the future and bears are on the wrong side of history.
Excellent points billyjoe. Probably one to book mark for later this year. To suggest that VC firms (lead by silicon valley billionaires) - who are projected to invest more than a billion in btc infrastructure and companies this year - do not have the foresight to accumulate significant holdings and help engineer the next run up are pretty silly. And if they won't do it then you can bet your bottom dollar Wall street have been doing exactly that for the last year or so. If the COIN etf is approved then it would only take a couple of hundred million USD investments from hedge funds and average joe to send the price into the stratosphere. Not exactly a hard sell either - look what it did in 2011, look what it did in 2013, look what it could do this year.. It wouldn't surprise me a jot if by some stroke of coincidence the stars of technically breaking the down trend and the announcement of COIN miraculously align at the same time either. Edit: big scary 140, 633 and 242 ask walls trying to push bitcoin lower..we know they are fake! |
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Volume is so paltry these movements are meaningless range trading IMO.
Real fun starts US trading tomorrow. It will be interesting to see if price discovery moves over to the US exchanges and US timezone in the coming months, with low volume drift otherwise. One can forsee the upcoming ETF's to suck quite a lot of btc onto their books and markedly reduce the available exchange supply. I can also easily see some very large bid ask walls being erected on US exchanges like itbit which will prevent chinese fake volume exchanges going full retard in the future and attempting to run the market up and down with unnecessary price volatility.
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Ha, the unbanned the dump3er, eventually!
Welcome back. Was worried you had gone the way of the other bears (margin call). |
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May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe. As for short term right now not really any walls visible, but I think we are going to drop a little further for a day or two. Trend wise, I'm confident the 18 month bear trend is at a close. Until we breach the exp down trendline on heavy volume anything could happen. But bears have taken haircuts recently. Selling to buy back in lower is not a given now. And shorting is mighty risky all of a sudden. It is looking good. Imagine what happens if the NASDAQ etf starts hoovering supply off exchanges. We could get constrained supply very quickly indeed. Other investors see the price rising and suddenly there is a wave of investor capital trying to buy in. A previously closed pool of capital. I have posted before that a bubble could happen very quickly and far higher than most people on here expect. These things always look obvious in retrospect, but at the time with people like NLC mouthing off it can be difficult to see the bigger picture, when everyone is focusing on the price. |
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Huobi, stamp and btc-e just blindly follow finex it seems. Few more nibbles on finex and we are back to 243-5.
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...
Why would I be desperate? I have loved this low price, as have all bitcoin bulls, more chance to accumulate.
If this is true, then you are going to adore 1xx prices in the coming months.  Keep wishing for them Tzupy. |
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Pretty low volume selling. Smells like capping action rather than a serious attempt to push the price much lower.
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stop raised to 229 (trend line), sell 50% now imho
got it. thank you. Ignore the short term technicals - they are manipulated heavily. The long term exponential trend line is all that matters. Everything else is noise. How many Elliot wave traders on this forum a) predicted the last bubble? b) earn their living trading? Bit rude coming into luc's house and talking like that. Especially from the man that has predicted 50 of the last 2 short squeezes  You are starting to sound a bit desperate inca Fair point. Didn't mean it to come across rude. Oh at least you agree (after a minor short capitulation) there is going to be a short squeeze. Why would I be desperate? I have loved this low price, as have all bitcoin bulls, more chance to accumulate. |
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