Weekend dump as per usual then !!!!
So it seems. My hunch was off. Again. But this time the dump's starting from a lower point. Who knows where it's headed to. Low 7k's? HODL. |
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IF you are going short now it's because YOUR DICK IS SMALL.  My dick was small at 8400, yesterday. It has been shrinking and growing, shrinking and growing since. I hope it becomes a baby squid soonish. |
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Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take
Ban? (Copy pasted post from 2013) M4v3R
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
April 20, 2013, 09:57:21 PM
#646
Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.
STUPID me. I thought I was meriting a newbie for diligent wall observing. The numbers didn't add up, and I thought 130 was actually 8130 (which would have been spot on). I'm embarrassed. I can't demerit the newbie, but I can merit the patrol. |
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the Alpha version of the platform is launching on April 1st.
Funny birthday. |
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Now I feel as though there will be IRS agents infiltrating our party. I suggest we have to sign a message with our posted addresses to gain entry. Maybe r0ach can guard the door to keep the riff raff out  And worse than the IRS, possibly. It will be a meetup of very rich peeps, remember: one million dollars will be just 10 BTC. I think the details (place, time, reservations) should only be discussed in a private board. Invitation-only private. And yes, it would be appropriate to have some state of the art crypto verification at the door - like signing a message with the right key. No joke. |
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+500 dollars erased in matter of minutes
That's when a short on the side turns into a valuable asset. |
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Woops, can't even read anymore. Thanks for setting me straight.
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So we going to get one of those weekend pumps instead of dump?
Exactly my hunch. I got it while following the price more closely than usual, scalping my short up. I'm gonna have a hard weekend for sure :-) This sounds like bullshit. It can't be true. Such a business model leaks too much profit if the underlying cryptocurrency appreciates. I assume both principal and interest is payable in BTC. The way I read it, the loan is denominated in USD. If so, it's impossible to claim the same BTC amount. Or did I get it wrong? I'm stressed out by my safe trading binge. |
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Hehe, it would be nice, wouldn't it? However, I'm too much of a newbie at trading - and what's more, I'm kind of ignoring on purpose the intricacies of proper TA. That's why, if I came up with something like this, it must be already a well-known technique, and I'm quite confident it already has a name. If I knew its name, I could look it up and learn about possible pitfalls.
Could you recap what you're up to? I used the last dip to lighten my safety short and profit a bit. The dip was welcome, because my short entry point was drifting towards unprofitability as the price raised. Now I'm waiting to rebuild the missing part a bit at a time, scalping the small waves as we get back to where we were, around 8.5-8.6k. When will it be? I don't know, of course. That's the unnerving nursing/babysitting part. My ultimate goal is having a short that tracks the current price, ideally an inch higher up from it (wishful thinking, and impossible on maxima. I know). When I'm set or near-set, let them moon it - I'll drop it when the pain exceeds my threshold. Let them swamp it - I'll get richer than I would have been without my safety short. |
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A 200-250$ dip down, almost instant. We won't see BMB/Rosewater for some time, I'm afraid.
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So we going to get one of those weekend pumps instead of dump?
Exactly my hunch. I got it while following the price more closely than usual, scalping my short up. I'm gonna have a hard weekend for sure :-) This sounds like bullshit. It can't be true. Such a business model leaks too much profit if the underlying cryptocurrency appreciates. |
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 -tera bera Duration: Glade - 6 weeks Glide - 6 months Beginning: Glade - 3 year record breaking volume after 70% decline Glide - ? Another volume bounce indicator somewhere around 5.5k ? End Glade - Attempts to bust past a 100% increase or reach any level that will credibly start a new bull run fizzle out (failing at 11.8 twice, then at 10 on the way down sealed it as over) Glide - ? Same as above, trying to get past 10k fails ? I'm not particularly committed to the price path I drew. I just like the log channel and wanted to illustrate how wrong the original author could be. A voice of reason. There are a quite a number of projection charts that can be drawn from the same data. Extrapolation is never uniquely determined. I have no idea how much the different charts can differ qualitatively, but quantitatively there is quite a bit of possible variation, as you showed. Another option would be sqrt(x) rather than log channel, à la masterluc's friend. |
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I admit that it can be a bit of a pain in the ass to attempt to find your comfort zone, and even to experience levels of temptation emotion to deviate. Furthermore, the market can play out in ways that are a bit beyond expectations and new preparations need to take place to ensure that you remain prepared for either price direction.
In the last month, I made a couple decently-sized tweaks, and I designed each of my tweaks in order to feel more comfortable for either direction rather than attempting to increase my profits. And, in November/December, I had to make a couple of decently-sized tweaks, too, because the price was performing more bullishly than anticipated.
That's it. It's about being comfortable. As in almost any tight game, upping the worst case outcome requires worsening the best case. And that's what I'm doing right now. Hehe, it would be nice, wouldn't it? However, I'm too much of a newbie at trading - and what's more, I'm kind of ignoring on purpose the intricacies of proper TA. That's why, if I came up with something like this, it must be already a well-known technique, and I'm quite confident it already has a name. If I knew its name, I could look it up and learn about possible pitfalls. |
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This is an interesting place. When things are doing good we all share and enjoy the same feeling of success and richness (even if in different levels) and the opposite (like right now) also holds true. Quite different than IRL friends, most of them being complete nocoiners. #justarandomthought
We should have a WO meetup some time. Maybe we can have an IRL celebration when BTC hits $100K haha. That would be really nice! I'm imagining some exclusive place with ample parking space for lambos and stuff. Sign me up. |
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If you are a merit source, then your merit page will come up like the below purple highlighted two paragraphs (though not really purple in real life) - noteably the difference in the second paragraph for merit sources: >>>>>>>> You have received a total of XXXX merit. This is what determines your forum rank. You typically cannot lose this merit. You have XXX sendable merit (sMerit) which you can send to other people. There is no point in hoarding sMerit; keeping it yourself does not benefit you, and we reserve the right to decay unused sMerit in the future.
You are a merit source. The next XXX merit you spend will come from your source rather than your sMerit balance. Merit spent from your source will come back in 30 days. Unused source merit is wasted. It is not allowed for merit sources to sell their merit.<<<<<<<<<<<< As you may recall, the merit system activated on January 24, and therefore it was thought that if merit sources spent their smerits, then those smerits would start to replenish into the merit source on about February 23 - however, theymos stated that he had run into some glitch in the way that he had programmed the replenishment of merit source merits - in essence the script or the algorithm was screwed up. It appears that theymos fixed that merit source replenishment glitch on about March 5, and replenishment of merit source smerits began again around March 5. I didn't know about the glitch or any details of merit expiry, interesting stuff. +1 WOsMerit (I do have sMerit to give now, but you're a legend and a source, so it really feels like wasting the goods.) |
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I have merit available to give. Does that make me a merit source?
Merit sources are picked by Theymos. They get a monthly sMerit allowance from the house, so they can give it out without being merited by other participants. |
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8000 is knocking again.
Very quick movement. Is that a largish market sell?
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Can't B'awb help you with that? not sure how that works.
OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons. We all cool now ? Am I a fair and benevolent Merit Source ? Thanks! the OP really gives us some fine reading IMO. Dispensing merits in a benevolent way is of course extra cool... ... but my favorite bits from you are when you cook up unheard ways to say things that get said too plainly, way too many times. |
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WoSmerit is all I can dispense at the moment.+1 WoSmerit Man, your posts are tasty! Can't B'awb help you with that? not sure how that works. More help than I expected, but help he did! |
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