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

[fr33d0miz3r]

Shlould I press that button ?

Yes please

Just so to make it clear this is not him

What's the difference?
I don't care - him or not. I see that we'll be at $50 very soon

[kickinyou]

Shlould I press that button ?

Yes please

Just so to make it clear this is not him

What's the difference?
I don't care - him or not. I see that we'll be at $50 very soon

it makes big different , so people dont get greedy when he speaks up

[bzzard]

[uhoh]

Shlould I press that button ?

Yes please

Just so to make it clear this is not him

What's the difference?
I don't care - him or not. I see that we'll be at $50 very soon

it makes big different , so people dont get greedy when he speaks up

Here's your button, Jaroslaw

[Jaroslaw]

nope its this:

[JimboToronto]

Here's your button, Jaroslaw

LOL

Post of the year

[Miz4r]

Finally a proper wall pic. I've missed these.

[Traktion]

Bitstamp is taking a bit of a nosedive ... back to $72

@ IAS - Yes yoda just told me to trim my position a bit and go sit in the sun - sometimes you have to make a small sacrifice to get what you want !

@ Ultraviolet - I hear you, and would certainly not be going long here, but the risk of spike to $xx before we break $70 is ... apparently decreasing as I write ! I was going to say, quite significant lol

You can thank me for buying back a bit of my short  

1000 BTC wall at $71 on Bitstamp seems to have been gobbled up... or at least shuffled/spread a bit!

[derpinheimer]

Bitstamp is taking a bit of a nosedive ... back to $72

@ IAS - Yes yoda just told me to trim my position a bit and go sit in the sun - sometimes you have to make a small sacrifice to get what you want !

@ Ultraviolet - I hear you, and would certainly not be going long here, but the risk of spike to $xx before we break $70 is ... apparently decreasing as I write ! I was going to say, quite significant lol

You can thank me for buying back a bit of my short  

1000 BTC wall at $71 on Bitstamp seems to have been gobbled up... or at least shuffled/spread a bit!

They either sold it into the 71.0001 wall [they had ask at 71.0004  ] or otherwise tried to make others sell into the 71.0001 wall. And succeeded. The wall was not eaten, thats for sure.

[Jaroslaw]

im ready

[Ultraviolet]

42K BTC to break 60 on the bid side.

No buying pressure even in low 70s makes it hard to want to buy at 65 though.

[kickinyou]

im ready

you are still in the denail fase, will you get burnd

[kickinyou]

42K BTC to break 60 on the bid side.

No buying pressure even in low 70s makes it hard to want to buy at 65 though.

when we come there people will act in fear

[Ultraviolet]

42K BTC to break 60 on the bid side.

No buying pressure even in low 70s makes it hard to want to buy at 65 though.

when we come there people will act in fear

Probs right. The swong from 90 to 71 made people feel really miserable, as if they wanted to exit the market forever.

60 and 50 should be even more violent.

[darklight]

Big guys made some panic, now we go up. Best way to hedge against future falls of btc - ASICMINER-PT as always  

Can you elaborate a bit more on this, because I'm not really seeing it. I expect you will probably argue that the share price is going up, but in dollar terms they are staying more or less the same as the BTC price decreases. The only slight advantage is the dividend payout, but of course if your coins are locked away in shares you can't use them to try and profit from trading.

Eg June 1st ASIC price was around 2.5BTC, today it is slightly under 4.5. BTC over the same period has done relatively the exact opposite, going from $130 to $70. Any dollar gain you might have had from share prices increasing has been wiped out by overall BTC decline

[ChartBuddy]

[NewLiberty]

I covered all my shorts yesterday, but have now re-opened them plus some, so I am putting my money where my mouth is in case anyone wants to call me on that. And by short I mean negative Bitcoins, not just sitting in fiat.

What is negative Bitcoins? I always thought that short means sit on fiat waiting to increase bitcoin position later as they fall in price

I mean leveraged short CFD's ... I make fiat when the price goes down. To me holding BTC is long, holding fiat is 'flat'. 'Short' means selling borrowed BTC or a CFD (or ETF  )

Where do you trade these instruments?

I think Bitfinex lends BTC to short from what Frozenlock has said. There may be others. Some online FX brokers are now offer BTC CFD's. Plus500 and Spreadex to name two accessible in the UK. I am sure there are many more. But tread carefully and manage your risk well if you intend to use leverage on something like Bitcoin. Things can blow up in your face real quick if you don't have the cash to cover it. TBH, for me the leverage just serves as a way to give them less of my fiat.
A CFD is a Contract For Difference in case you are not aware- basically a bet that the price will go up or down where you make or lose only fiat and never touch the underlying asset, though the issuer may do. Its a derivative - the paper shit that Rampion hates ! TBH for me it's not the 'paper shit' that is the issue, it is it's misuse/abuse that is the problem. Any market should have the ability to go short in my opinion otherwise there is no way for true price discovery. It's when the derivatives become greater than the value of the underlying that the problems start to arise and the house of cards starts to be built . When people use them to magnify position to such an extent that a small unexpected move can 'blow them up' that the systemic risk arises. See Long Term Capital (Mis)Management for the best example. And Lehmans for the more widely known one.

EDIT : I normally don't disclose my positions - I feel it can bring bad luck. I just felt in this instance it was necessary

If your minimum trade is >EUR10K you can also use BitcoinFund's ETF to short.
Need EUR100K minimum account.  Available 24/7 globally through Exante.
They are pro at getting orders processed with minimal market movement for maximal customer profit.

[bitcodo]

But tread carefully and manage your risk well if you intend to use leverage on something like Bitcoin. Things can blow up in your face real quick if you don't have the cash to cover it.

 +1

I short on plus500; they offer 1:5, but I use 1:4 (or even less sometimes) so i can cover if price goes up.

My last trades:

[nmersulypnem]

But tread carefully and manage your risk well if you intend to use leverage on something like Bitcoin. Things can blow up in your face real quick if you don't have the cash to cover it.

 +1

I short on plus500; they offer 1:5, but I use 1:4 (or even less sometimes) so i can cover if price goes up.

This is why I won't put my money in CampBx.  They offer leverage, but they don't ensure customers are covered, so they might drive themselves bankrupt if there's a big swing up or down.

[World]

Mega coming soon to iOS,it is a good signal for BTC
https://mega.co.nz/#blog_15