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

[adamstgBit]

Does anyone have any thoughts about the CFTC approving bitcoin swaps/derivatives trading?

It is my understanding that derivatives allow betting on the direction of an instrument, but do not involve buying or selling said instrument, instead being simply derived from it. Does this mean it will be used for hedging, to reduce volatility etc? Does this mean it cannot be used to push the price around? Could such derivatives soak up institutional liquidity headed directly for btc or COIN?

Is this good or bad for btc?

whoa thats not what i understood...

its trading futures contracts, and options (puts and calls).

this is not bets

puts calls and futures are generally used to hedge ( i think )

Ah. Futures.

The gold market seems fairly well cornered on COMEX by the big investment banks. Is there a good reason why they won't be able to naked short the shit out of bitcoin?

interesting, i wonder if the exchange will allow poeple to sell futures without actually having any bitcoins on the exchange? i guess so... ( maybe some min  balance will do? )

naked shorting bitcoin now is asking for trouble, maybe in 10 years?

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[hdbuck]

im just going to leave this here.



   

edit: http://www.huffingtonpost.com/tag/apple-hack/

[adamstgBit]

the bigger news here is these crazy complex bitcoin derivatives have been offical approved.

good news. big news.

[oda.krell]

Hot off the press!

Mexico continues its open arms approach to Bitcoin propagation with the partnership of Bitcoin exchange Bitso with mobile payment provider Pademobile.

Huh, wondering where Devin Chow is these days...

He was always more than willing for some grade A backdoor integration, if you know what I mean

[adamstgBit]

inching closer and closer to that massive wall

[BitChick]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins? 

If only someone would just buy them all at once.  That would be so much fun to see! 

[derpinheimer]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins? 

If only someone would just buy them all at once.  That would be so much fun to see! 

Mhm, cuz if you need to buy another 1,000 coins, it isnt logical to just market order them with $5 slippage. Instead, risk most of your portfolio to make an ask that may or may not cause panic and reduce the price to a level where you may or may not be able to acquire a significant amont of coins for a small discount. Thats 100% the most likely explanation.

I mean seriously, when you are this confident the market is going to blow... what are 200% gains when you could have 204% gains?

[ChartBuddy]

Explanation

[BrewCrewFan]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins?  

If only someone would just buy them all at once.  That would be so much fun to see!  

I can see poor person who has them up going " WHUT DA FUQ JUST HAPPENED!!??!"

The look would be priceless

[adamstgBit]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins?  

If only someone would just buy them all at once.  That would be so much fun to see!  

what's bullish is the lack of panic when these walls appear.

tells me all the "tourist" are gone.

i think the manipulator will try to push us down further, he wouldn't be selling 3K BTC on margin if he didn't plan to take it down lower after.

if he thinks he can make us panic sell because of lower and lower prices, hes gonna have a bad time....

seriously guys, Hoist the Colours

 

[BitChick]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins?  

If only someone would just buy them all at once.  That would be so much fun to see!  

what's bullish is the lack of panic when these walls appear.

tells me all the "tourist" are gone.

i think the manipulator will try to push us down further, he wouldn't be selling 3K BTC on margin if he didn't plan to take it down lower after.

if he thinks he can make us panic sell because of lower and lower prices, hes gonna have a bad time....

seriously guys, Hoist the Colours

 

I am sure that they can use the large wall to test market sentiment.  The fact that people are not panicking should signal that the wall is not really working.  I guess it can work to a small degree and the person or entity can pick up a few more coins but it seems a risky move. 

Or we could all be wrong and someone just wants to cash out their stash.   

Regardless, this is looking good to me.  One those walls are eaten or removed we are going to have some fun I believe! 

[adamstgBit]

inching closer and closer to that massive wall

I think these super walls are bullish aren't they?  Is it a last ditch effort to try to get cheap coins?  

If only someone would just buy them all at once.  That would be so much fun to see!  

what's bullish is the lack of panic when these walls appear.

tells me all the "tourist" are gone.

i think the manipulator will try to push us down further, he wouldn't be selling 3K BTC on margin if he didn't plan to take it down lower after.

if he thinks he can make us panic sell because of lower and lower prices, hes gonna have a bad time....

seriously guys, Hoist the Colours

 

I am sure that they can use the large wall to test market sentiment.  The fact that people are not panicking should signal that the wall is not really working.  I guess it can work to a small degree and the person or entity can pick up a few more coins but it seems a risky move. 

Or we could all be wrong and someone just wants to cash out their stash.   

Regardless, this is looking good to me.  One those walls are eaten or removed we are going to have some fun I believe! 

I watched this fool make mad profits forcing weak hands, at this point, I fully expect him to burn a giant hole in his pocket trying to make us capitulate. so far its been working, so he will try.

....

you're right we are probably over speculating.

lol

[mmitech]

the whole scene is depressing... the order book looks really scary... and regardless of the good news and developments people are not showing any real interests which really amazes me.

[jaberwock]

Where is the 480 wall?

Now the depths are almost normal again, with red one being just a little more deep.

Aren't we supposed to have fun now? Where is the fun?

[ssmc2]

http://en.wikipedia.org/wiki/Bear_raid

[BitChick]

Where is the 480 wall?

Now the depths are almost normal again, with red one being just a little more deep.

Aren't we supposed to have fun now? Where is the fun?

I am having fun watching that wall on Bitfinex being eaten right now.   

[hdbuck]

the whole scene is depressing... the order book looks really scary... and regardless of the good news and developments people are not showing any real interests which really amazes me.

Could also be the fact that most new people getting involved with bitcoin tend to use other channels? Exchanges being invade with bots and the KYC procedures is killing them somehow.
Are there numbers for bitcoin-otc or all the ATMs worldwide?

[derpinheimer]

Where is the 480 wall?

Now the depths are almost normal again, with red one being just a little more deep.

Aren't we supposed to have fun now? Where is the fun?

I am having fun watching that wall on Bitfinex being eaten right now.   

[vphen]

who the hell took the first bite, such brave

[derpinheimer]

who the hell took the first bite, such brave

I'd be more apt to call them stupid.