1144
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 31, 2014, 08:56:45 AM
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...
So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$.
Anyone else sees this too?
and the whale(s) is(are) gone and the price is below 500$. To me it looks like someone is loading the boat at 484.151 Almost seems an insatiable appetite Stay tuned!
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1150
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 30, 2014, 03:19:47 AM
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Here you guys go. This is my "quick version".
Thank you, it's almost perfect, but I disagree with Adam on this, I think the B symbol should not be grey, it should be white, same colour as the rest of the text. Thank you again tho, It's still awesome, I just think it could be better. edit; OMG! I agree with Stolfi! Bullish ? Bearish? You decide.
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1156
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 12:37:41 AM
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A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying. I just had to quote this and hand out the newbie post of the month award. I don't know what grappa barricata is but welcome to the conversation newbie!
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1158
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 12:10:37 AM
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Leverage is evil in general and shorting on leverage with margin is terrible idea in crypto, for all but the very best of traders....with deep pockets, not only for the individual but for crypto in general leverage sucks balls... as the flash twatage on BTCe shows... useless leftover from the dying system... what is wrong with shorting thr traditional way? no for some reason, do it on borrowed funds, where you can get hunt stopped seems like a reasonable idea for some... wonder why? oh greed... really wish leverage and margin trading never made it across to BTC personally... and I generally do not touch it... once upon a time with some low priced silver and low leverage sure.. but that really DID make sense.. and it was long not short.
Meat and bone.....churn...churn...churn.... profit for exchanges churn churn hunt stop hunt stop swing churn, burn and fuck the consequences to the market, well there we go
Leverage is in general evil....think of it the same way as a casino... the odds are not on your side...of course, and if they were do you really think that an exchange/or broker would offer you "free money" to gamble with ?
Man each to their own... and those with the skills and the bankroll of course it can be childs play... in the long run most everyone else as in 90% of people get put through the grinder until they become so despondant they quit at a major loss, seen it over and over and over again.. sure there are some winners.. but much like a poker table... if you are looking around trying to figure out who the sucker is.... then it is most likely you.
Be careful out there.
I had to try leverage for myself just to see if it could offer me anything, but the combination of the spread and the interest on the outstanding bets made me realize that after spending the last 20 years getting out of debt, why bother borrowing and gifting someone else a cut of my earnings.
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