Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[chessnut]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that is not correct

can you explain why? I would always have one extra bitcoin to support the one that I am borrowing?

oh wait. I get it. cos I have to pay in USD if it crashes to zero, and all my coins are worth nothing. silly me 

[chessnut]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that way I can ride the next wave to 10k   with 1/3 x more BTC than I have now, and never risk that position liquidating?

sounds good right?

you mean hedging?

no hedging is different. hedging is simply having BTC and USD simultaneously.

[aminorex]

can you explain why? I would always have one extra bitcoin to support the one that I am borrowing?

You entered a total return swap at, say, $100 BTCUSD.  The return on the nominal bitcoin when BTC is at X$ is $(X-100).  You own 2 BTC.  If BTCUSD drops to $10, then you own $20 in capital.  You owe $80 in returns on the nominal bitcoin.  Your position is net $60 in the hole (and you also owe the interest on the swap).  Actually, you would have been stopped out before that, while your position was still worth $13.

[Post-Cosmic]

 Today's a Special Day.

~> https://bitcointalk.org/index.php?topic=178336.0
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
April 16, 2013, 10:32:22 PM
Wall Observer
A free service brought to you by the bitcoin community"

 Happy 1-Year anniversary, Oh Great Thread of my eternal amusement thru the endless cycles of watching charts move.

<sub>I feel so excruciatingly dumb, so embarrassingly inept. I mean this is ultra-basic internet/computer use 101. You DON'T save a giant email or forum post content w/ tons of data, merely in clipboard. You keep saving it to HDD in notepad or w/e, every 5min. But I just did, & then forum had logged me out, & when I came to log back in I forgot I only had this WHOLE post text only in clipboard, hadn't hit preview, hadn't saved a draft..so I had better not CTRL+C some other sht, but indeed I did, then immediately realized it & wanted to break the keyboard on my witless head =/

 Now it's all gone. Lol o.o Hours wasted. Not that anybody shld giv a fk 'cept for me, just thought I'd share ;9</sub>

[silverfuture]

bear trap incoming!!!

[chessnut]

yes bear trap, could be a good one.

[p0peji]

yes bear trap, could be a good one.

At this time it could be anything, to be honest atm it feels like this market is led by some emotionally unstable teenagers.

[hdbuck]

Today's a Special Day.

~> https://bitcointalk.org/index.php?topic=178336.0
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
April 16, 2013, 10:32:22 PM
Wall Observer
A free service brought to you by the bitcoin community"

 Happy 1-Year anniversary, Oh Great Thread of my eternal amusement thru the endless cycles of watching charts move.

<sub>I feel so excruciatingly dumb, so embarrassingly inept. I mean this is ultra-basic internet/computer use 101. You DON'T save a giant email or forum post content w/ tons of data, merely in clipboard. You keep saving it to HDD in notepad or w/e, every 5min. But I just did, & then forum had logged me out, & when I came to log back in I forgot I only had this WHOLE post text only in clipboard, hadn't hit preview, hadn't saved a draft..so I had better not CTRL+C some other sht, but indeed I did, then immediately realized it & wanted to break the keyboard on my witless head =/

 Now it's all gone. Lol o.o Hours wasted. Not that anybody shld giv a fk 'cept for me, just thought I'd share ;9</sub>

yayy happy bday oh delightful adam's thread ^^

[ChartBuddy]

Explanation

[shmadz]

yes bear trap, could be a good one.

At this time it could be anything, to be honest atm it feels like this market is led by some emotionally unstable teenagers.

crash back to 460 is what I would like the most. which means, least likely to happen 

[chessnut]

At this time it could be anything, to be honest atm it feels like this market is led by some emotionally unstable teenagers.

emotionally unstable teenagers do not lead the market.... they are lead by the market. the whales are always there, dont forget. this chart is behaving very naturally.

[BBmodBB]

CRYPTSY HACKED!!!! LOL 

is this a joke?

blood in the water! =\

[nanobrain]

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

I agree. But the general infrastructure is robust: excessive measures by any single exchange hurt that exchange more than anything, and therefore the competition keeps them at check.

My "permabullness" has lasted for exactly 50 days now. Before that I was a bear for 97 days, almost twice as long!

Risto - my understanding (from comments read here) is that BTC infrastructure is far from robust and BTC itself is still basically in beta.  

As for bullishness/bearishness -- really, its a pretty dull and misleading set of terms anyway.

Even when you were 'bear' your long term outlook was 'bull' (as it were )....my point was more that you and Aminorex in particular have a vision of BTC that is on the extreme scale of adoption scenarios.

[silverfuture]

yes bear trap, could be a good one.

Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though.

https://www.dropbox.com/s/wy1693hljko9qct/june2013log.png

[chessnut]

Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though.

https://www.dropbox.com/s/wy1693hljko9qct/june2013log.png

Yeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade.

[byronbb]

This is the 3 day chart. I think the big money is concerned with much longer time-frames than the "day trader" reading his tea leaves 15m charts with great skill. The battle ground has been well defined by massive volume on the two big down spikes and then the test of 430 with the spike down to skin some bears. If we can stay above this $520 range and reject a re-trace we can be in business to start planning Apollo 14.

[silverfuture]

Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though.

https://www.dropbox.com/s/wy1693hljko9qct/june2013log.png

Yeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade.

No... far from it, but I'm interested in learning more. I'm a very early adopter who is mostly holding cold storage but without reason to panic sell even in deep, sustained drops. Happy trading!

[chessnut]

Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though.

https://www.dropbox.com/s/wy1693hljko9qct/june2013log.png

Yeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade.

No... far from it, but I'm interested in learning more. I'm a very early adopter who is mostly holding cold storage but without reason to panic sell even in deep, sustained drops. Happy trading!

yeah the loot to be had by holding is fantastic. I always hold 80%, and day trade with 20% on leverage. managed to almost double my position so far.
when learning about EW or TA, best to remember that they all have fundamental motives. it's pretty ambiguous otherwise.

[ChartBuddy]

Explanation

[silverfuture]

Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though.

https://www.dropbox.com/s/wy1693hljko9qct/june2013log.png

Yeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade.

No... far from it, but I'm interested in learning more. I'm a very early adopter who is mostly holding cold storage but without reason to panic sell even in deep, sustained drops. Happy trading!

yeah the loot to be had by holding is fantastic. I always hold 80%, and day trade with 20% on leverage. managed to almost double my position so far.
when learning about EW or TA, best to remember that they all have fundamental motives. it's pretty ambiguous otherwise.

That is a fantastic record so far. Congrats. My experience with bitcoin has been one of getting a (sometimes costly) education, but wouldn't change it for the world..