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

[Brewins]

Why the market always wait me to sleep for the dumps?

@Pool: clearly

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[Newbie1022]

They'll be a huge move upwards... but I think we have to clear the underbrush of leverage further, first. Remember, crashes in most markets with leverage typically stop at 55%. Maybe we'll stop sooner, but with $20mil in longs on Finex... don't bank on it. Wait until a bottom confirms and buy. This is pretty easy stuff. And yes, we'll lever all the way back up.

55% of 1163 is $640. We're already way over 55%.

55 % of 640.

Legit.

this on is for the bears, imagine a long squeeze down to 350ish back up to 540, extreme resistance cannot be over come @540, up is no longer an option!!! market immediately plunges 90%.

you got a hardon now dont you

If I can make more money... then yes, that would do it for me. Won't happen, though. This is a resilient market and idea. Even though I think we have more legs down to go, I think ultimately we'll hit new non-Mt. Gox induced highs this year... maybe we'll even crack the Mt. Gox induced highs, too.

More down, then up!!!

[Tzupy]

...
this on is for the bears, imagine a long squeeze down to 350ish back up to 540, extreme resistance cannot be over come @540, up is no longer an option!!! market immediately plunges 90%.
you got a hardon now dont you

Long squeeze on Bitfinex, maybe but I doubt it will soon drop below 420$ on Bitstamp. The important part is what I bolded.
And no, market won't plunge 90% from 540$, that would mean down to 60$ which is impossible IMO.

PS. If it will drop below 250$ I might get a boner!

[edwardspitz]

Goodbye Finex. I might come back when you are a bit more bullish

[derpinheimer]

Those bfx bids have to be fake. Their bidsum tripled in just a day...

They are bigger than bit stamp now..


Well anyway this is the bottom buy now or cry later.

(Unless all these bids disappear)

[adamstgBit]

look like we are going to test that wall at 500

[Schickeria]

They'll be a huge move upwards... but I think we have to clear the underbrush of leverage further, first. Remember, crashes in most markets with leverage typically stop at 55%. Maybe we'll stop sooner, but with $20mil in longs on Finex... don't bank on it. Wait until a bottom confirms and buy. This is pretty easy stuff. And yes, we'll lever all the way back up.

55% of 1163 is $640. We're already way over 55%.

55 % of 640.

Legit.

this on is for the bears, imagine a long squeeze down to 350ish back up to 540, extreme resistance cannot be over come @540, up is no longer an option!!! market immediately plunges 90%.

you got a hardon now dont you

Slow down please. I see myself as bull. Not this typical form of bull, where price must go up now, instantly without delay. But as a bull. I'm invested, I'm not selling, I've absolutely no panic.

55% of 640 is legit. Not a must be, but legit.

Read again please.

[Richy_T]

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam.

However, this didn't stop them with gold.

[johnwest]

look like we are going to test that wall at 500

I think we will below the 500 mark till this weekend, may be monday or tuesday
we will try to hit 500 mark and move upwards.

But it's not look very good this time, we are below the 500 mark comfortably.

[derpinheimer]

look like we are going to test that wall at 500

I think we will below the 500 mark till this weekend, may be monday or tuesday
we will try to hit 500 mark and move upwards.

But it's not look very good this time, we are below the 500 mark comfortably.

No!!!! Buy now!!!!

[edwardspitz]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

[adamstgBit]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

cost of eating out is 10% less for cool poeple.

yummy!

[Newbie1022]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself.


WTF!! OMG!!

[fonzie]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

[adamstgBit]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself.


WTF!! OMG!!

if  only we can get something similar in canada...

[hyphymikey]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

[counter]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

cost of eating out is 10% less for cool poeple.

yummy!

Haha , their should be a Bitcoin table at the restaurant to showcase that we are in fact cool.  
This is a pretty nice piece of news though and I wonder if that discount can be added to other offers if so that is a good incentive..  prognosis = bullish.

[adamstgBit]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

maybe it was 2 Ether guys cashing in there big break, and they organized to try and crash the market so they could buy back lower?

oh whos cares

point is someone crashed the market

literally flat out DUMP DUMP DUMP fast fast fast, like a moron

[zby]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

The amount of USD swaps decreased significantly - so while it might have been 'not forced' but apparently these were long liquidations. The result is not much different when you are very close to the margin call and you decide to sell yourself rather then go through the liquidation or if you get the margin call.

[adamstgBit]

call your friends recommend buys, they won't... they never do, and once again they will be like fuck i should have listened.