Volume is low on finex. Super low on bitstamp. CNY exchanges are still high volume (lol? IDK).

Anyone know if the CNY exchange are doing the 2x volume on bitcoinwisdom charts? I know they said they'd keep the 1x chart for the western countries but I never paid attention to what data bitcoinwisdom pulls.

Price on bitfinex has been able to hold in mid $450's (current 457.66 and my estimate was at 458) for almost 15 minutes without a panic sell. Very bullish. I'm leaning toward $480 tonight, but we will have to see if any bear dolphins come out to play.

Depends on what you think BTC price will do next, not based on where it currently is.

Newbie I'll give you some advice that was once given to me back in 2011. Buy some bitcoins with money that you can afford to lose. Hold it for 2 years and you'll probably be VERY happy with the outcome.

My advice:
You should buy at least 0.08BTC, but I recommend at least 1 coin if you can. Put it into storage and consider that money as "gone" until xx date. Then keep doing what you do with day trading or w/e. If you feel that you don't have the self control to hold onto any coins for xx time or until xx date I will even offer to hold them for you.

And this advice applies whether or not BTC price skyrockets from here, or crashes back down to $300.

You're still in the early game of bitcoin. You should never be without some coins in storage in case one day the price just skyrockets and leaves you behind holding fiat.

Here is the $450's correction. Next stop $480 or wayyy down imo. I'm not a trader though, so don't listen to my predictions

Well short term I don't care about price at all actually (unless it drops enough to margin call my first order today).

I look at USD valuations for 2 reasons.

1) I don't trust any chinese site for accurate volume information and IF there were to be a Mt. Gox #2 I'd 1/2 expect it to be one of the CNY exchanges...just my personal take on it.

2) When it comes time for me to purchase goods, the goods I buy are priced in USD equivalents not CNY. I'm also much more familar with relative pricing between a $10 USD rise vs a $50 USD rise etc. CNY are in the thousands (2800 for example) and for my small brain to understand how big of a change from 2800 to 2810 or 2850 is, I have to first calculate percentage change and then compare that with USD equivs. And that completely ignores that china has a lower cost of living than the US, meaning that even % change may not be actual equivalents in terms of QoL.

Hmm.. small price correction to $458, then up to $480. What do you guys think?

Ahhh I love all the Wall Observer posts. It feels like 11/2013 all over again. I can't imagine that this price increase will be sustained for much longer, but then again I never thought 11/2013 events were possible either...

Price is intermittently testing $470 on bitfinex, but back to 464 for now.

Nah I don't trade much TBH. I just buy and hoard coins and then spend them when I want to buy something (and replenish of course). My fooling around with Bitfinex today was to try to understand how margins work.

Out of curiosity do you hold any coins at all? Or just day trade? Not that there is anything wrong with either of those practices.

Newbie has to be shitting his pants right now. If he loses $200 in a few minutes with a few dollar upswing in price on his shorts, his losses between his short at $381 and again at $425 have to making him PISSED LOL.

Newbie should be back shortly raging on the bulls.

Yeah I received a few donations that day mainly from 1-5 XMR. Then the next morning (after that person posted) I got a huge surprise. They obviously must want to remain anon because I can't imagine they haven't seen my posts. So I will be using the XMR to bring some of my bitcoin friends into the XMR game. Maybe have a giveaway or two in the altcoin marketplace.

As far as the XMR/BTC exchange is slipping (now 1.7mBTC) the USD cost is about the same $0.72 per XMR. If you recall during the last bitcoin rally in 2013 altcoins initially slipped and then once bitcoin price was skyrocketing then people moved their BTC into altcoin markets. I think XMR is holding up pretty well right now in terms of USD/XMR with all of this bitcoin price increase.

It's not a matter of thicker skin. You can go around name calling or trolling all day, doesn't bother me one bit. I'm just letting you know that once you get the reputation for being a really emotional trader that doesn't make any logical arguments and would rather just troll, that people will start treating you exactly as you present yourself. You will become Shroomskit 2.0.

Do what you wish. But once you get a rep of an emotional troll, there is no coming back from that in this community.

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

Some people get very defensive when they lose money or publicly make a bad decision. You have now resorted to name calling? My advice for you is to keep some amount of bitcoins for the long haul. You haven't been in the bitcoin game long and right now all you know is price decreasing and "short short short!!", but that more than likely won't continue to bitcoins demise. The infrastructure is growing and many people are invested in its future success.

Continue your shorting if you wish, but do yourself a favor and keep some cold storage coins too just incase the "crackpots" and "bulls" and "cultist" end up being right....

I closed it and re-opened a smaller long at $421.xx

I'm only playing with an extremely small amount of coins on bitfinex, I have no previous experience with margins and long/short orders so I'm just having some fun

Please tell me this is purchasable?

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Re-opened a smaller long at 421.53 We will see how it goes...

I closed my long at $420. Not sure what to do now...

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.