Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?
Tarmi just talks his book. Good luck to him. Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts. I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise. Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first! 24 hours ago at 252, I asked "buy or dont buy." Noone responded. I ask you tonight Inca at 265, Buy or dont buy?? I never give trading advice. There are times during extreme market moves when it seems obvious. Now isn't one of them  That said I think a retest of 270's is likely after strong buy support and a triple bottom. Though if entering with leverage I would wait for a better entry! If buying for stash go for it |
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Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?
Tarmi just talks his book. Good luck to him. Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts. I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise. Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first! |
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so let me get this straight, 700k went long on that spike to 269.5 on finex, and at about the same time 450k went short. I guess one could well have been in response to another. It looks like the long was a margin buy, did anyone see it?
There was a 5k wall placed at 250, minutes later it broke up into staggered walls, seconds later it looked like all 5k plowed into the asks. you are not telling it right. someone borrowed another 1.3 mil, flashed it with a massive buy wall on 250, a lot of lemmings and whale kamikaze bought a lot of short positions. that's it. so it wasn't the spike to 269.5? or if it was, maybe a mis-click?  the spike were the noobs buying and going all in on leverage. Noobs dont buy 7k coins. Stopped the selloff eh? One more of them and we would have instaspiked to 300.  |
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Love that enormous buy lol. Volatile!! |
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People told tarmi that he better should close his shorts near 280$ when he shorted @ 295$ coz short squeeze incomin..... They still call him a troll.... You are a troll. Tarmi just posts his winning trades and talks his book. He gets angry when the price rises and never mentions his losing trades..but we know the truth |
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bitfinex order book is looking really bad.
3 k till 230.
if we go under 210 sell everything.
Yet it refuses to go any lower! I know you're probably extremely short right now, possible on margin, but I hope you've set your stops accordingly... wake up dude, someone is just waiting for bids to refill. I shorted this as mofo in 290+ range, so I dont really need to place stops. Just a whale selling down the order book to scare longs into closing. You still got your shorts from 230 open? Edit: bull whales are waiting to enter. |
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For those of us that have been through a couple Bitcoin bubbles, we know how crazy fast the price can rise when it finally decides to do so. I believe it is more painful to miss out on that than just riding out these crashes, or equally so.
But price is not some magical thing that does whatever it wants. Past bubble happened because people wired millions and millions on exchanges and you were clearly able to see it, among other things. If price is about to go in a bubble you will be able to tell. This time around it looks like nobody gives a flying fuck tho. At least for now. $14-15M in bids currently on bistamp, bitfinex, btc-e, okcoin, huobi, btcchina, okcoin and coinbase ($75M from NSYE!!!11!) combined, and still relentlessly going down. 3600 coins mined a day (almost $1M a day at current prices) and still 2 years of that shit.Marketcap at $3.5-4 billion. Why are you posting pictures of exchanges who have 1) no users after a hack (of course people aren't wiring money there) and 2) a small no fee Chinese exchange with fake volume (virtually no real volume when the volume bot turned off)? Why do you insist on comparing bidsum volume at the end of the longest bitcoin bear market with the heights of the biggest bubble bitcoin has ever experienced? Edit: and how do you know how much money is sat on exchanges but not on the orderbook? Point us at a post where you predicted the november 2013 bubble! Edit2: Oh and if diff remains the same as today it will be july 2016 til the next halving..so 1 year 4 months |
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Until we break the log downtrend line we wont get a lot of technical traders jumping on board - that is when i consider us in a bull market (bitcoin style).
Where is that right now? 336 by my reckoning. It arcs down to our current price in June 2015, and 200 by October 2015. |
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Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.
Nice to see yourself and Mr. Monkey back again I concur! |
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I see some people are talking about bears and bulls? What the heck does this have to do with bitcoin anyhow? I'm a total newb by the way....
In stocks there are "bear markets" and "bull markets." For an over simplified description: Bears are pessimists Bulls are optimists Bears believe the price is going down Bulls believe the price is going up Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding. Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.
Because it is the way you make money in a bear market like this one for 16 months? Follow the trend and make money. Don't fight against it. I get that. Taking advantage of the trend is smart, if you have the ability to do so. But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?" I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in! Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below 400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why. Yesterday was black swan news driven. Technicals were overbought but you had no idea that would happen. Show off your profits though The 'news' was just the grease for the wheels, its not like these guys were dumping thousands of coins and that's what bought it down. The market was ready for a drop, too much hopium and too many leveraged longs. Was saying for days before we were going down so actually yes did know it was going to happen. Would have at least thought longs would come down but nope we just keep piling them on. Bulls were out of steam and couldn't even break past $300. We're at ~1/5 of the ath and couldn't even break $300 that's a sad state of affairs particularly as were in a bull market now, right? You think I like $50 drops, even if my profits were that on my trading stash my fiat value still took a huge hit. Sure i said it was overbought. Even i said the day before we would probably dip to the 250's. Clearly the drop was just whales dropping the hammer trying to encourage a cascading waterfall. What is interesting is that bulls havent thrown in the towel. My guess is they never will and are using bitcoin as collateral for long positions - probably miners. In my mind this is the reason why even at the worst sell off I have ever witnessed down to 160 on finex the long interest failed to collapse. Shorters are loading up again and will drive us back up into the next assault on 300..and the log downtrend line which lurches towards us with every day we sit in this range. Next price positive good news will propel us through IMO. Until we break the log downtrend line we wont get a lot of technical traders jumping on board - that is when i consider us in a bull market (bitcoin style). |
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Maybe they're bitter they missed out on being early adopters.
I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul. Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more. Owch. I'm not going to lie. I've built up a pretty good stash of coins in the 'nearly a year' that I've been accumulating. I'm a HODLER, I've never sold anything but I am at least a 35% loss right now maybe more (on todays price). It's pretty much all in cold storage, praying & hoping it's my lottery ticket one day  As long as you know the risk and can do without the money then relax and enjoy the gut wrenching volatility ride. |
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I see some people are talking about bears and bulls? What the heck does this have to do with bitcoin anyhow? I'm a total newb by the way....
In stocks there are "bear markets" and "bull markets." For an over simplified description: Bears are pessimists Bulls are optimists Bears believe the price is going down Bulls believe the price is going up Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding. Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.
Because it is the way you make money in a bear market like this one for 16 months? Follow the trend and make money. Don't fight against it. I get that. Taking advantage of the trend is smart, if you have the ability to do so. But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?" I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in! Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below 400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why. Yesterday was black swan news driven. Technicals were overbought but you had no idea that would happen. Show off your profits though |
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Maybe they're bitter they missed out on being early adopters.
I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul. Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more. Try 2 dollars in the names I quoted.. |
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You were mining bitcoin in 2010. How far you have fallen.
I believe the general consensus is that the creator of the kwukduck account sold it to it's current owner, who BTW is a complete moron. Best just add him to your ignore last like the rest of us. This is the most likely possibility, solid suggestion. Shame to see an old account wrecked. |
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Walls on finex shrivelling with very low volume melt up..battle soon.
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Steady drip drip drip buying on finex.
The opposite was taking place a few months ago after a heavy whale dump in reaction to news.
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In the assumption that a bear's wish is to see a bull in despair, then why don't bears want another 10X exponential spike? Surely, bears would take the most pleasure the harder the fall, and they can stand to make more money on the way down as well.
Bears want early gratification. Bulls are happy to accumulate positions over years Bulls around from early years? Most rich. Bears around from early years? Edward50, XiaoXiao, Kwukduck, Nagle - not rich but sticking to their guns - bitcoin is going to single digits!! |
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Alohar!! http://www.techtimes.com/articles/34023/20150219/alohar-mobile-security-authentication.htm (security is going to go beyond traditional biometric profiling ^^, for instance using machine learning to learn from the data collected by our devices and using that to build far more complex identification verification models from that data... going to be listening to our heartbeats eventually no doubt too, incidentally our phones will also turn into onboard doctors, as well as onboard policemen) Very true. I remember reading somewhere about a device that was already able to monitor an individual's ECG waves as they are even more unique than fingerprints. This stuff is being created as we type. Yep, the ecg thing is being developed by a UK bank. Ha. Very droll. Edit: personally I think it is very healthy that shorters are getting back in the game here. |
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hello bulls.
I see you are opening longs like mad. good, good. the more you open the harder the fall will be.
Whilst long interest continues to rise. There are 3k new shorts opened on finex. What if the long's havent surrendered because they know something is to be announced shortly. What happens if gemini launches? Edit: just noticed I am a hero member |
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Like most early adopters, he's actually smart and sane enough to see where this is going. The cultists are typically the people that entered Bitcoin in 2013 or later. Most cultists and permabulltards own less than 100 BTC.
But but but you entered bitcoin in 2013. Weren't you calling for prices of 100k in early 2014!? |
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