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

[DaRude]

cant you guys see we are making lowers highs and higher lows ? we are 100% going sub 200. every good trader knows that. what we dont know is when.

Then you need to leverage short more, about 12.6k more just on Finex

[greenlion]

cant you guys see we are making lowers highs and higher lows ? we are 100% going sub 200. every good trader knows that. what we dont know is when.

No they don't, because a symmetrical triangle can lead to either a continuation or a reversal. Ironically the "when" part is way more knowable than the direction when it breaks!

[ChartBuddy]

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[itod]

Massive support at 218-200, good time to buy if you still got fiat.. Also a Grexit is getting more and more likely, if this will happen it would be a big boost for Bitcoin.

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...

Of course nothing similar will happen. The most probable outcome if (and that's a big if) Greece decides to exit the Eurozone is to reinstate their own currency "drachma" which they can control 100% and can't be blackmailed for it like they get now for EUR. In case that happens rich greeks will buy Euros as a reserve currency, not Bitcoins. Whenever you see someone is talking about Greece defaulting being good for BTC price you may skip the rest of the writings, only thing you'll miss is the trolling.

[ChartBuddy]

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[ChartBuddy]

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[hdbuck]

Massive support at 218-200, good time to buy if you still got fiat.. Also a Grexit is getting more and more likely, if this will happen it would be a big boost for Bitcoin.

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...

Of course nothing similar will happen. The most probable outcome if (and that's a big if) Greece decides to exit the Eurozone is to reinstate their own currency "drachma" which they can control 100% and can't be blackmailed for it like they get now for EUR. In case that happens rich greeks will buy Euros as a reserve currency, not Bitcoins. Whenever you see someone is talking about Greece defaulting being good for BTC price you may skip the rest of the writings, only thing you'll miss is the trolling.

still, bitcoin is likely to wage traditional financial macro doom.

[ChartBuddy]

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[sAt0sHiFanClub]

Chinese markets were very flat this morning. I thought there would be a buy in at least, or a more remote possibility of a sell off.

Bids are mounting on finex, but still the price just dogs on.

[ChartBuddy]

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[noobtrader]

Chinese markets were very flat this morning. I thought there would be a buy in at least, or a more remote possibility of a sell off.

Bids are mounting on finex, but still the price just dogs on.

price discovery is amazing isnt ?
we can go 200 or 265 in second now...

[luckygenough56]

No update from dev  

Did he flee with coins  

[tarmi]

soooo annoying.

bitcoin, you are not fooling anyone anymore. it's time for you to crash, nobody is interested in 5 $ bumps.

[ChartBuddy]

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[SebastianJu]

I have a question about okcoin and their order system.

I had created a long position at 216.53. Order filled. Then i created a trigger order close long 216.28 trigger price and 215 order price. After that a close long limit order at 217.25.

Both orders existed so i was sure they are valid and that, if one order fills, the other gets invalid because there arent enough contracts for it.

It ended the way that the price fell hard and i made a market sell (didnt know it was a trap ). The trigger order got cancelled with ordered failed and im not sure what happened with the limit order. It shows cancelled.

So what happened? Why do the two orders exist together but only one of them gets eventually filled? I mean that isnt margin trading where you could end up buying shorts when both orders fill. So it would be normal that more than one order for the same contracts can exist. They would simply be cancelled if impossible to fill.

What went wrong? The support claims my error was to create the limit order. But both orders stayed there at the same time. So i had no reason to believe they arent active.

[NotHatinJustTrollin]

These bounces are so weak it's not even funny.

[NotHatinJustTrollin]

[macsga]

Massive support at 218-200, good time to buy if you still got fiat.. Also a Grexit is getting more and more likely, if this will happen it would be a big boost for Bitcoin.

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...

They could default on their greek government debts, drop out of the eurozone but amend their legal tender laws to allow any currency, including euros, to circulate freely and be used by anyone. That would be their most sane course of action, so it will not happen.

Yeah, that would be a bold move, I guess, but it would effectively wipe out every last remaining drop of trust investors and creditors have left in Greece. Also, I believe this would also pretty much throw Greece's economy back into... the stone age maybe? Or do you think this could be a wise thing to do, actually?

Very, very wise. Investigate Panama, Hong Kong, Switzerland and Scottish free-banking eras. Greece would recover very quickly once they rescinded the massive debts that are strangling them to death and let economic freedoms flourish. All they need is a sound currency footing and a believable commitment to free markets, like any nation.

Being in Greece and closely monitoring the situation; I can only say that this "Grexit" scenario is a bold marketing trick. The elephant in the room is Germany and Deutsche Bank (please take a look at their leverage level on their loans). Nobody wants Greece out of the EU; that is except for the Greeks. Eliminating the decoy, would immediately turn heads towards the REAL problem of the EU Banking problem.

We're Greeks; not fools. A second currency would definitely rule out many of the problems (except if it was in the form of IOUs). Gresham's Law has always been accurate in the past and if THAT second currency would've been BTC over Euro, then goodbye debt crisis for Greece. Maybe April's fool joke from Yianis Varoufakis should be taken more seriously, if you ask me.

Unfortunately, after Riga it seems not feasible; so don't expect a rally from a Grexit or Gr-BTC adoption.  

http://greece.greekreporter.com/2015/04/01/yanis-varoufakis-greece-will-adopt-the-bitcoin-if-eurogroup-doesnt-give-us-a-deal/

[inca]

<crap>

Good luck!

[ChartBuddy]

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