We still have 27,000 shorts hanging over the market on finex.
If sustained buying continues they will gradually cover or capitulate. Closing shorts accounts for nearly 5000 coins purchased on finex today alone.
Keep it up bulls!
I see a lot of TA people believe we're still going down again, at least to the 210s. If enough shorters follow this pattern they might not start covering their shorts until we're past 280. That should help us climb past 300. Disclaimer: Idiot at work, please punch holes. TA has a place. But didn't predict any of the previous bull runs, nor does it react to events which drive the price. |
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We still have 27,000 shorts hanging over the market on finex.
If sustained buying continues they will gradually cover or capitulate. Closing shorts accounts for nearly 5000 coins purchased on finex today alone.
Keep it up bulls!
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We seem to be missing NLC, NHJT and tarmi for some reason.  |
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Off out for a beer. Please gap up 20 dollars in my absence  |
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Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like.  I'm hesitant to declare that the bearish year is over. It'd be very welcome though, it's about time we had a relentless price surge upwards. We need to run up and bust that $300 in the nuts Don't worry. Shorts like tarmi have provided 4.7k buying pressure on finex today. A little further buying from bulls in relation to GBTC trading and circle's latest funding round will encourage more to cover and buy us up the orderbook further. >27000 still open, which up to very recently was still a massive number of contracts to be pushing down the price. |
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Interesting quote “The power of friction-free transactions over the Internet will unleash the typical forces of consolidation and globalization, and we will end up with six digital currencies: US Dollar, euro, Yen, Pound, Renminbi and Bitcoin.” -- Charlie Songhurst, Microsoft’s head of corporate strategy Anyone want to make an estimate of BTC value assuming it is widely used as a currency everywhere in the world except those five markets?  Spot the odd one out.. |
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Still too early to make any conclusion. It might just be a dead cat bounce for all we know and that's what happening all the time. I would say we still need to wait for a firm signal. If you plot the trend line, the price needs to at least cross the 320 level before we can say it has finally made the turn.
It is a little premature. But it shows that a little concerted buying is all that is required now to break the trend. And the price we need to reach is dropping day by day. |
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240 comin' up. Getting nervous bears?  240 seems to be important for the TA people, might rattle some cages Tarmi the resident shorter is now underwater with his alleged positions at 230 and now 235. Might be important to him, too |
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yea, well...too bad it wont go higher.
It doesn't need to. Lots of fun to come in the 200-300 price range. fun starts below 150. Fun starts when GBTC trades that will be great time to sell.  |
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yea, well...too bad it wont go higher.
It doesn't need to. Lots of fun to come in the 200-300 price range. fun starts below 150. Fun starts when GBTC trades and we jump up again really testing shorters. Oh and you buy us up higher when you cover. |
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yea, well...too bad it wont go higher.
Short it then. |
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Where are those double digit coins tarmi promised us?
In a few months (or maybe even weeks) in the future, that's where  You keep trotting out bidsum charts like it matters a jot when we are heading for 1 billion USD VC capital investment this year. If you can't see the price being suppressed with short selling and regular manipulative market sells since 680 last year, can't see that it has been about a secobd chance for the bigboys to accumulate coins, then I can't help you The amounts in shorts on bitfinex and other exchanges is too low to account for the one year downtrend. It's peanuts. VC money doesn't matter that much, it doesn't have a direct impact on price. Think about the value of all the mined coins in the same year (increase in supply by more than 10%), and THAT has a direct impact on price I'm just trying to form my opinion on market without bias based on TA, don't worry if BTC is bound to actually reverse up I'll be long on it OK. I would say the 'float' to guide the price is actually pretty small. My second point is that companies like Goldman and others who are investing hundreds of millions in bitcoin companies are certainly not leaving currency valuation to script kiddies. They are accumulating. Buy low..sell high! |
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Where are those double digit coins tarmi promised us?
In a few months (or maybe even weeks) in the future, that's where You keep trotting out bidsum charts like it matters a jot when we are heading for 1 billion USD VC capital investment this year. If you can't see the price being suppressed with short selling and regular manipulative market sells since 680 last year, can't see that it has been about a secobd chance for the bigboys to accumulate coins, then I can't help you Don't say you weren't warned. |
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WTF tarmi, why haven't you shorted this back to $225 yet?
Curious absence of bears. Glad I went long this am. |
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Very quiet here now. Are you busy buying or just not paying attention mates?
Those who are shorting should be worried. Numnumnumers. Ahuh. What could go wrong! It's free money, right? |
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nlc crap
Whereas you are relegated to posting with anonymous newbie accounts before being deleted and ignored by the entire forum. Troll victory! |
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good.
not a single fuck is given.
I sure hope you know when to fold before you get wiped out. Don't let your fetish for bears be your denial of changing times when it comes. why do people keep saying that to me, when I am making like 1000 % in profits from it? why dont you, for a change, do your own business? Because by your own admission you have been trading with leverage for only a few months and it is obvious to everyone you are over invested. |
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Doomers droning on about 150 dollar coins. Price up. Lol.
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Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
That isn't that bad especially if coins are returned quickly. Why is the rate rising? Not sure, I don't think it's to high tbh.. .04%-.07% I think is acceptable. Of course it really depends on how long they are borrowed for as well. Sigh. |
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