A lot of people are concerned because their fully leveraged long positions on bitfinex come closer to their margin calls each day. Most people expect a bubble to happen magically as well.

I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.

Whens your margin call? 

Long squeeze time 

Finally we can get through the long squeeze. Get ready for the flash crash bitfinex 

I disagree with the market being a lot more "professional" at this point and I don't think anyone is making much money by taking small profits in this ranging market. This sort of short term low volatility has happened before, when the market was presumably less professional, right? The "strong 'irrational' trends towards a new ATH" do not happen unless a lot of new people (mostly speculators) are introduced into the market. I feel as though the stability we have seen is just the bulls running out of money (see maxed out leverage on bitfinex by crazy people, who have probably lost 10% of their trade money from interest already), but also few are bearish enough to start selling much because this is bitcoin and it will be big in the future.

The thought that the market might be more professional now made me think about something else, though. We all want another bubble to begin and everyone says it will start when the "institutional" money arrives from Wall Street. Well, I don't think professionals are going to participate in a bubble, and they definitely will not keep buying after we go past the ATH because they will realize its way to risky at that point. However, the ETF will allow a lot of regular people to trade bitcoin so that might propel the price beyond at that point.

Under normal circumstances I would definitely step in to buy some if bitcoin drops 10% or more in a short period of time but consider that some people like me will not at this point in time because of the looming threat of a liquidation event on bitfinex if the price does drop about 10-20%; I have orders set really low and I hope that if they get filled bitfinex does not rollback trades. I'm also not sure about reports that bitfinex rolled back most trades during the last liquidation event in early February because my order at, if I remember correctly, 520~ was filled, and the flash crash happened in the low 600 range; and once trading resumed the price started higher than my order.

My guess is its partly a revolving door but also if you read some of these threads on here and reddit, the majority of people are expecting a bubble for no good reason so my guess is it is just a bunch of bull idiots expecting a bubble very soon, and they are bad traders so they don't understand yet how bad holding those loans is.

No, I think you are mistaken. The only people who would sell right now to buy in lower are speculators, and the fact that longs have not dropped at all recently, and in fact continue to rise daily (on bitfinex), indicates that the majority of speculators have not cut back their long positions at all.

I was confused by the way they worded it... does this mean you cannot go 3.5:1 leverage long btc if you only have btc in your margin wallet now? Also, does anyone want to speculate the amount of total hidden orders above 100 or so? I don't think it would be more than the amount of not-hidden orders above that amount. I just want to get an idea about how much liquidity they actually have, because I'm finding the likelihood of a flash crash more and more likely as the interest the longs have to pay continues to pile on while the price continues to go nowhere.

On the other hand, there has to be a limit to the amount buyers can buy. And judging from the longs on bitfinex, and the uberbullish sentiment from people on these forums, everyone has bought as much as they possibly can already.

There's almost 29M usd swaps now on bitfinex, and to me it looks like the upward momentum has stopped. If the price ranges from 640-660 for a while with no upward movement the probability of a long squeeze is going to increase dangerously.

Why are you so obsessed with the Chinese having to lead the exchanges? Its clear that stamp/finex led this based on how much they moved up (15-20 $) while huobi went up around $10. The volume can easily be explained by the fact that the chinese exchanges have no trading fees. As an example some Chinese traders may be selling during the rally to buy back a few minutes later at a little lower price, which isn't as easy if there are trading fees that will cut into profit.

For the past 2 weeks and for probably another week, the news surrounding the auction has had/will have the most impact on the price imo. The 51% attack FUD was just used to amplify the uncertainty and bearishness in general but it is not the main story or a big problem - the same FUD has occured in the past and not had much impact on its own. Also for the moment Stamp is leading the other exchanges and China is following, which suggests that China isn't fearing more government regulations, but this could change at any moment and have a much larger impact on the market depending on what happens.

15k bitcoin wall at 510 on BFX.

A huge problem in the protocol is definitely not priced in.

is bitcoinwisdom down for anyone else?
nvm its back

Overstock CEO bought in the 800s and now is getting desperate 

Honestly though I hate that guy; something about him just seems off to me. He's one of those guys spreading bullshit. On these forums you will find the same people but they have no power and are usually hodlers, but when someone in his position shouts BUY BUY BUY, to me its not constructive and its more pyramidschemeesque. Some people will get me wrong, and that's fine. I like when important people give good reasons for bitcoins future utility, or cryptocurrency in general.
The funny thing is I didn't even read the article, or letter, or whatever it is this guy wrote about bitcoin until just now, even though I heard about it earlier today and glanced at it and came up with some preconcieved conclusions about it. But now that I just actually read it, I don't change any of my conclusions. Read the whole article - it does not give any good reasons to invest in bitcoin or anything. It talks about how great this CEO guy is and how he believes it bitcoin and how he is such an innovative person, just awesomeness, exactly why I need to put my money into bitcoin immediately. The whole article appeals to his character or whatever and that's why we should believe in him.
Honestly I think its great that this guy wants to risk a lot of money buying bitcoin; there is a good chance he and others will make a lot of money off of bitcoin in the future. I just don't think we need any more bullshit from this guy who really has nothing to add to the community; he seems desperate to use bitcoin just because it might save his company or something.

BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.