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

[DaRude]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

Not that many shorts, and easily offset by some of those 15MM longs taking some profit but still might provide a little bump. Looks like China is leading this...again  

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[silverfuture]

Is coinbase leading this spike?

[damiano]

Wow 5k future contract (qtr) long position just got filled at 230

[DaRude]

Of course, because I sold at $219, the price will go up...

I should of seen that coming... Only problem is that price would go down if I didn't sell

And we all thank you for that. Sell some more go ahead  

[damiano]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

Not that many shorts, and easily offset by some of those 15MM longs taking some profit but still might provide a little bump. Looks like China is leading this...again  

Longs are increasing at a faster rate than shorts, plus no coins avail to short 

We're long overdue for this

[shmadz]

Is coinbase leading this spike?

I'm not sure who lead, but Houdini err huobi seems to be following through

[hyphymikey]

Wow 5k future contract (qtr) long position just got filled at 230

Perfect opportunity for a manipulator to cash in on if you know what you are doing.

[damiano]

Wow 5k future contract (qtr) long position just got filled at 230

Perfect opportunity for a manipulator to cash in on if you know what you are doing.

Crazy money right there, almost 2200BTC in contracts

Edit n/m

It was a short closing....liquidation

[shmadz]

I get the feeling this is just another, "buy the poker stars rumor and sell the news"

But who knows, it's been so long since a real rally that I can't even remember that feel?

[silverfuture]

Is coinbase leading this spike?

I'm not sure who lead, but Houdini err huobi seems to be following through

I wouldn't think they had enough volume to lead but they seem to have the highest price. Why would there be a premium there?

[Mervyn_Pumpkinhead]

Absolutely true. Well put...

But also consider that you have no *direct* control over the value of your dollars either.

* unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve...

Where do I go to find a list of those individuals again? I can't seem to find it anywhere?

I agree, that's why I don't prefer to keep my wealth in any currency.
But I have to say that the dollar is doing a better job by having a predictable price.
It's not as important to me if the value of currency is decreasing or increasing. The most important thing is to be able to predict the value in the future. Inflation or deflation are both good if the change can be calculated into an equation. If you make plans with certain numbers, and these numbers will have totally different values that you had predicted, then your plans will get messed up.

The thing is, the central bank is still necessary for one thing, and that is to keep the inflation at a predictable rate. Even if they aren't doing a very good job at it, it's still a lot better then bitcoins market that's highly attractive for speculation.
I think that the best solution yet is nubits, because it's value is tied to the predictable value of the dollar. It has the open-source benefits of crypto, while eliminating the main issue that makes crypto impractical as a tool of finance.

[shmadz]

Is coinbase leading this spike?

I'm not sure who lead, but Houdini err huobi seems to be following through

I wouldn't think they had enough volume to lead but they seem to have the highest price. Why would there be a premium there?

Makes no sense, just watched another wall obliterated... looked like a bot swarm, not a pull...

[ChartBuddy]

Coin
Explanation

[shmadz]

Absolutely true. Well put...

But also consider that you have no *direct* control over the value of your dollars either.

* unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve...

Where do I go to find a list of those individuals again? I can't seem to find it anywhere?

I agree, that's why I don't prefer to keep my wealth in any currency.
But I have to say that the dollar is doing a better job by having a predictable price.
It's not as important to me if the value of currency is decreasing or increasing. The most important thing is to be able to predict the value in the future. Inflation or deflation are both good if the change can be calculated into an equation. If you make plans with certain numbers, and these numbers will have totally different values that you had predicted, then your plans will get messed up.

The thing is, the central bank is still necessary for one thing, and that is to keep the inflation at a predictable rate. Even if they aren't doing a very good job at it, it's still a lot better then bitcoins market that's highly attractive for speculation.
I think that the best solution yet is nubits, because tied it's value to the predictable value of the dollar. It has the open-source benefits of crypto, while eliminating the main issue that makes crypto impractical as a tool of finance.

Yeah, ok, enjoy your fiat slow death.
I'm not playing that game anymore.

Sorry, just re-read your statement. nubits? Lol?

The tools of your old system of finance are dying. Flight to the USD as a"safe haven" will result in many broken hearts and broken dreams.

You talk about being able to predict inflation? I can predict perfectly, mathematically, the inflation of bitcoin in the coming years, can you say the same for your precious USD?

*second edit* wow, that was some serious Bulltard sentiment I just spouted there , just about time for my comeuppance :-)

[Mervyn_Pumpkinhead]

Absolutely true. Well put...

But also consider that you have no *direct* control over the value of your dollars either.

* unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve...

Where do I go to find a list of those individuals again? I can't seem to find it anywhere?

I agree, that's why I don't prefer to keep my wealth in any currency.
But I have to say that the dollar is doing a better job by having a predictable price.
It's not as important to me if the value of currency is decreasing or increasing. The most important thing is to be able to predict the value in the future. Inflation or deflation are both good if the change can be calculated into an equation. If you make plans with certain numbers, and these numbers will have totally different values that you had predicted, then your plans will get messed up.

The thing is, the central bank is still necessary for one thing, and that is to keep the inflation at a predictable rate. Even if they aren't doing a very good job at it, it's still a lot better then bitcoins market that's highly attractive for speculation.
I think that the best solution yet is nubits, because tied it's value to the predictable value of the dollar. It has the open-source benefits of crypto, while eliminating the main issue that makes crypto impractical as a tool of finance.

Yeah, ok, enjoy your fiat slow death.
I'm not playing that game anymore.

Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.

[shmadz]

Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.

Good enough, and agreed.

I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars.

Perhaps one day we will have responsible governance... Perhaps some day...

[arklan]

Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.

Good enough, and agreed.

I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars.

Perhaps one day we will have responsible governance... Perhaps some day...

i'll be shocked beyond description if anything even close to it comes about in our lifetimes.

[Mervyn_Pumpkinhead]

Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.

Good enough, and agreed.

I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars.

Perhaps one day we will have responsible governance... Perhaps some day...

Hope for the best and prepare for the worst

[shmadz]

Ideally, currencies are not to be enjoyed, but to be used for more interesting and practical purposes. I will celebrate the day when it'll seem practical to adopt crypto for doing business. More then the practicality of getting free media coverage for adopting it by accepting bitpay's USD services.
Till then, it's all just a fun night at the casino.

Good enough, and agreed.

I get a little carried away now and then. I also look forward to the day when nation states are bound by a Blockchain for the spending of tax dollars.

Perhaps one day we will have responsible governance... Perhaps some day...

i'll be shocked beyond description if anything even close to it comes about in our lifetimes.

I'm starting to think it's either a new resonance of freedom of thought and innovation, or another few hundred years of the dark ages.

I fully expect to see one or the other outcome within my lifetime. (Next 50 years)

[chriswen]

Wow 5k future contract (qtr) long position just got filled at 230

Perfect opportunity for a manipulator to cash in on if you know what you are doing.

Crazy money right there, almost 2200BTC in contracts

Edit n/m

It was a short closing....liquidation

Did you see the 14k margin call slightly below that?