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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2015, 08:21:27 PM
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Must be a funny dump when China wakes up.
What are you smoking? China dumped with the rest of them. Not quite. Very little volume from all of them. Huobi alone dumped 3 times more than stamp, where the dumping started, so it seems they reacted. ...how did I know you would say this? If Huobi generally does 10x the volume and only did 3x right now, theyre not really reacting. That's because it looks like they went down in the middle of it. No.. they went down when it was over, low volume period...
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343
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2015, 08:11:45 PM
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Must be a funny dump when China wakes up.
What are you smoking? China dumped with the rest of them. Not quite. Very little volume from all of them. Huobi alone dumped 3 times more than stamp, where the dumping started, so it seems they reacted. ...how did I know you would say this? If Huobi generally does 10x the volume and only did 3x right now, theyre not really reacting.
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355
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2015, 05:44:21 PM
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It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ... Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again. What do futures mean and do to the "real" market? I dont really understand what they are or why they are traded -- if you dont mind explaining Simply a gamble on the future BTC price (e.g. every Friday) winner gets the BTC deposited by the loser. The effect to real market: the most important one is that now people have chance to gain from price going down. With high leverage, they can dump in the real market and earn more than their loss from shorting on the future market. With the earned BTC, they can dump again... Interesting. So then these 14,000 contracts represent real coins?
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356
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2015, 05:11:49 PM
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It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ... Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again. What do futures mean and do to the "real" market? I dont really understand what they are or why they are traded -- if you dont mind explaining
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360
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Economy / Speculation / Re: Stamp volume down
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on: January 27, 2015, 10:59:23 PM
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The real biggest exchanges are huobi and bitfinex. Btcchina is 95% fake, probably by the operators.
I thought the true biggest china exchanges went as follows: okcoin btcchina huobi Well, I may be wrong. I definitely dont believe the volume on Okcoin, or BTCChina. Only huobi's volume matches the orderbook. OKCoin orderbook is hilarious. Either the traders there are just odd, or... I mean, its the fakest looking thing.
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