Can you explain how the solution to cover a bitcoin shortage is to sell huge amounts of bitcoins?
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So I see that 99% of people still use bitcoin just to invest and ride the train.
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I understand adoption blah blah blah and that this is a good long term and mid term bet. My analysis are for trading purposes and things like -should I enter into a margin long right now? -is the liquidity of the exchange growing? -is fresh fiat being injected masse right now? -will it simply consolidatine and go sideways for another three months, or is it breaking out right at this instant? -could one small market dump cause a margin reaction and liquidate me?
Margin trading is a different game than investing. I need to know these things.
I understand sell walls don't have much of an affect in bitcoin. However, bid walls are somewhat more meaningful, and I'm usually discussing the bid side.
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The banker told me I had '3 months to sell bitcoin', which was when it was at $700, so in a way, he was right, provided that I re bought eventually. Anyway I didn't leave for forex, I left for my career and my sanity. Though I did try Forex, and I didn't really like it. Way too much leverage/risk in both directions, no volume indicator, and too many news events with something happening all the time to effect the price in a completely unpredictable way.
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Pop quiz: If you saw the chart upside down like this, what would you expect? .. Wow everyone and their mother opened a long today.
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I think saying "the demand is in China' quite possibly one of the most bearish things you can say, after everything that happened in 2013-2014 with PBOC and all the fake volume. I came back here after 2 years expecting Chinese would be completely factored out of the price levels by now and that everything would be based on USD and adoption. I even expected it would be $1000 by now, all based on USD and adoption. Saying that $460 is 'supported by China' is like going way back in time and being a bear.
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Actually the location where the bid kept getting huge between $360 and $400.. hasn't been touched. $402 was the bottom even after the 'crash'. So when I thought $380 was a good time to buy with that huge bid, it will still a good call. Afer that, it wasn't till multiple days of the bid getting smaller and smaller until the drop happened.
I don't know. I still believe a really big bid side is sort of an objective sign that there is more money on an exchange. It isn't all about a one man chess game with an accumulating buyer but about the growth of the exchange in general.
Maybe I'm wrong. However, at the very least a large bid gives me sort of a guarantee that I won't be liquidated from one little market order.
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I'm mostly looking at the buy side, not the sell side.
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I'm sorry. How can anyone be comfortable with the walls looking like THIS? Before the last rally from $375 to $475, a huge wall base built up and the bids looked 3x bigger than the asks. Now it just looks like it could go for another Friday. Longs are also even higher than before at $27.1M
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What happened to my big juicy order book from a week ago? Did everyone decide to stop trading at finex now?
Nobodym wanne go for your lowprice i think Or what did you pay regards lama-hunter I'm still waiting to make a move in either direction once there is some volatility. My last buy was at $600 in June 2014. It's too bad I still didn't have any coins loaded on the Friday move. I just finished cracking one of my cold storage wallets yesterday with this ridiculously complicated brainwallet algorithm I made up and almost forgot. Ohh dammmn Safe your wallet and Stuff Dude If you loose your passphrase and everything wont be so good for you ^^ So be aware you cant get it back.. Anyways the Price is rising i thionk for antoher 800$ in the next Time ;() Just wait and sell your Coins then regards lama-hunter I don't think $800 is going to be a good price to actually sell (or this one). I'm just looking for some margin trading opportunities. 800 wouldnt be Nice whats wrong with you you bet on short ? Anyways it will not come from one day to another i think. regards lama-hunter I mostly trade the initial equalization of high volume spikes. I also trade breakouts, and the resolution of well known patterns. Whenever I try to trade longer term movements and make predictions when there is no volume, it doesn't go so well.
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When I first entered the market, most people bought them for drugs. I was hoping to do arbitrage with all the wildly different exchange prices and the inter exchange fiat channels that still existed. That ended up not being so easy, so then I ended up getting into mining and built some GPU miners. However, eventually I ended up just becoming a daytrader. Some of the proceeds I spent the coins directly at stores like Tiger Direct, and a gold/silver investment.
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What happened to my big juicy order book from a week ago? Did everyone decide to stop trading at finex now?
Nobodym wanne go for your lowprice i think Or what did you pay regards lama-hunter I'm still waiting to make a move in either direction once there is some volatility. My last buy was at $600 in June 2014. It's too bad I still didn't have any coins loaded on the Friday move. I just finished cracking one of my cold storage wallets yesterday with this ridiculously complicated brainwallet algorithm I made up and almost forgot. Ohh dammmn Safe your wallet and Stuff Dude If you loose your passphrase and everything wont be so good for you ^^ So be aware you cant get it back.. Anyways the Price is rising i thionk for antoher 800$ in the next Time ;() Just wait and sell your Coins then regards lama-hunter I don't think $800 is going to be a good price to actually sell (or this one). I'm just looking for some margin trading opportunities.
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What happened to my big juicy order book from a week ago? Did everyone decide to stop trading at finex now?
Nobodym wanne go for your lowprice i think Or what did you pay regards lama-hunter I'm still waiting to make a move in either direction once there is some volatility. My last buy was at $600 in June 2014. It's too bad I still didn't have any coins loaded on the Friday move. I just finished cracking one of my cold storage wallets yesterday with this ridiculously complicated brainwallet algorithm I made up and almost forgot.
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$10,000? That's only 8X ATH. We used to 8X ATH every year/less. Now people think it's going to take 10 years? These bulls are like calves.
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What happened to my big juicy order book from a week ago? Did everyone decide to stop trading at finex now?
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I thought it was the other way around. Commodities and alternative investments including bitcoin would drop for the same reason as stocks, due to more expensive lending and a stronger dollar. It's savings accounts that people would be eyeing instead of their stocks.
Bitcoin does not have a direct relation with the stock market, but it does somewhat have a relation with the dollar.
Let me know if/how I'm wrong. Here I was hoping that interest rates DONT rise.
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I think most people who follow this just get a thrill out of this sort of thing because their life isn't exciting enough and they've seen too many movies, or they have personal issues in which they feel hopeless of ever having a good career.
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What's going on with finex? I was just about to get back into trading and this isn't encouraging
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Youre attaching another premise before my premise , that I believe there is a "zionist slave plantation" and that I'm in a mission to get rid of it. Then you also make the assumption that in order for there to be an improvement, there MUST be a collapse.
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I'm well aware that 98% of you are here just to make a profit but you don't have to, and shouldn't, hope for an economic collapse that harms billions of people (and yourself) to do so. Read all the points.
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