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

[BlindMayorBitcorn]

After smashing into and through that little ledge so many times, Wile E. is bound to erode the geological integrity of the obstacle, one of these years...

Let's just hope his credit account with okcoin ACME Co doesn't get called.

Fun fact: The skull is made up of 22 bones. The 8 bones that enclose and protect your brain from geological obstacles is called the neurocranium.

[1715610099]

1715610099

[1715610099]

1715610099

[1715610099]

1715610099

[noobtrader]

BTC-E allows leverage, and this means that:

- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

maybe i should sent  btc to btce and sell there and set buy order at 133 so i can double my bitcoin ?  what could go wrong ?

[redsn0w]

BTC-E allows leverage, and this means that:

- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

maybe i should sent  btc to btce and sell there and set buy order at 133 so i can double my bitcoin ?  what could go wrong ?

Nothing , good luck... at the moment it is better to hold (imho).

[ChartBuddy]

Coin
Explanation

[cyclotronmajesty]

BTC-E allows leverage, and this means that:

- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

maybe i should sent  btc to btce and sell there and set buy order at 133 so i can double my bitcoin ?  what could go wrong ?

I just think you should wire transfer fiat.
Then just let it sit there and next time u see one of those BTC-E bitcoin bargains. You buy them up and move them to a better exchange.

[ssmc2]

 

Anyone else think we may see something like this? -

http://img42.com/mAO1V

[Erdogan]

BTC-E allows leverage, and this means that:

- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

Normally, you have to, in bitcoin. But it is the stop losses that are the problem, someone always knows and they can exploit them. So the advice should be the opposite - if you have the choice, and consider a stop loss: reconsider.

[Erdogan]

China consistently lower by a few dollars, according to bitcoinwisdom and their choice of yuan/dollar rate.

China has some foggy rules for currency conversions. Maybe the yuan real market price is lower?

EDIT: Or higher? If somebody has an unfogged mind, please help.

[ChartBuddy]

Coin
Explanation

[everaja]

Coin
Explanation

Hia ..
can anybody , you predict for me that what will be the max and min range for BTC/USD for next 24 hours.

[Erdogan]

Coin
Explanation

Hia ..
can anybody , you predict for me that what will be the max and min range for BTC/USD for next 24 hours.

No, but based on the characteristics of the money system, and the natural spreading of information, there is a slightly higher probability of a higher price than a lower price.

[everaja]

No, but based on the characteristics of the money system, and the natural spreading of information, there is a slightly higher probability of a higher price than a lower price.

I mean will it cross 280 $
or will be below it?

[cyclotronmajesty]

BTC-E allows leverage, and this means that:

- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system

Wow. That's diabolical.

Guess u always should set a stop loss for margin trades.

Normally, you have to, in bitcoin. But it is the stop losses that are the problem, someone always knows and they can exploit them. So the advice should be the opposite - if you have the choice, and consider a stop loss: reconsider.

A trailing stop isn't as easily exploited I think? Aren't they are slower to readjust?

I had a stop at 250 or so a while back and a guy just sold .00001 BTC at a low price and triggered the order and meanwhile the BTC sold for highest bid which happened to be lower than the stop loss ~ 249 or so.

However if you set a really low trailing stop like one at ~ 10% loss I think you are covered.

You defiantly can't put them too close to your buying price. U can't put them too far either or else you will sell at the bottom of the wave.

And for situations like this:



Putting a very low one would be a disaster.

[Erdogan]

No, but based on the characteristics of the money system, and the natural spreading of information, there is a slightly higher probability of a higher price than a lower price.

I mean will it cross 280 $
or will be below it?

There is a slightly higher probability of over 280, than below (assuming the price is 280 now, it is, close enough). According to me. Did you expect to get a sure answer? Who's responsibility would it be, if the answer was wrong? If it was an advice from a government sanctioned entity, would it be the entity, the government, or yourself? Maybe you just write badly, but, you have to take responsibility. Do something or do nothing, and take responsibility.

[Sitarow]

A trailing stop isn't as easily exploited I think? Aren't they are slower to readjust?

I had a stop at 250 or so a while back and a guy just sold .00001 BTC at a low price and triggered the order and meanwhile the BTC sold for highest bid which happened to be lower than the stop loss ~ 249 or so.

However if you set a really low trailing stop like one at ~ 10% loss I think you are covered.

You defiantly can't put them too close to your buying price. U can't put them too far either or else you will sell at the bottom of the wave.

And for situations like this:



Putting a very low one would be a disaster.

Makes all other trades in the chart look minor.

[ChartBuddy]

Coin
Explanation

[abercrombie]

is crypto done??  

[White sugar]

Coin
Explanation

Hia ..
can anybody , you predict for me that what will be the max and min range for BTC/USD for next 24 hours.

Next 24 hours are unpredictable, because we don't know how bots react to mr102 events like this one, and people may be AFK and unable to take another position, etc.

If no one more panics, I think price will be between 270-280 until the end of the weekend, and monday will decide where will we go

[ImI]

is crypto done??  

she is so cute <3

[BrewCrewFan]

is crypto done??   

she is so cute <3

The blonde or the chick that happens to have facial features of a male lol.