ChartBuddy
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November 08, 2015, 02:03:57 PM |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 08, 2015, 02:17:49 PM |
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Why is the hashrate dropping? Under 400 PH/s...
Probably just bad luck in finding blocks. |
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MatTheCat
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November 08, 2015, 02:19:39 PM |
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With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense?
EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...
Works both ways though. Traders can also leverage their FIAT, and with that, purchase way more Bitcoins than they otherwise could, which they of course have to cash out, thus creating more volatility in the market. Likewise, short traders can also induce volatility to the upside. For example, from the 30th October, (Bitcoin at ~$320) the short BTC swaps shot up to around 20K BTC on Finex. It wasn't until 3rd November, that the BTC swaps for short positions plummeted back down to 10K, and you can bet your bottom dollar that these shorts exiting their positions (especially on CNY exchanges) played a big role in ramping the market up to $505, which it reached on the 4th November. You can also bet your bottom dollar that the Market Makers (whales) were using thier buying power to ensure that all these shorts got squeezed out of their positions at significant losses. This is how the big fish make their bread, and why markets are such fucking arseholes. There is what should happen, and then there is what happens purely as a result of the will of the market manipulators. |
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Trolfi
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November 08, 2015, 02:40:42 PM |
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if you were a whale you know what you would do
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abercrombie
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November 08, 2015, 02:40:48 PM |
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are we rich yet??   Bitcoin is off to the races againEquity research firm Wedbush expects it to rise to $600 because of the growing adoption. That target includes a "high discount rate to account for uncertainty," the firm says in a Nov. 4 research note. |
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Hyperjacked
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It's all mathematics...!
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November 08, 2015, 02:51:17 PM |
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Why is the hashrate dropping? Under 400 PH/s...
because the noise is driving me nuts...and decided that heating my camp with wood today would be more relaxing! |
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ChartBuddy
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November 08, 2015, 03:03:04 PM |
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mm5aes
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November 08, 2015, 03:05:13 PM |
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Why is the hashrate dropping? Under 400 PH/s...
Erm? You tried refreshing you're screen? Bitcoin Difficulty: 62,253,982,450 Estimated Next Difficulty: 65,484,040,661 (+5.19%) Adjust time: After 423 Blocks, About 2.8 days Hashrate(?): 458,547,732 GH/s ( https://bitcoinwisdom.com/bitcoin/difficulty) Confused I am...... |
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 08, 2015, 03:11:40 PM
Last edit: November 08, 2015, 03:23:04 PM by Fatman3001 |
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Why is the hashrate dropping? Under 400 PH/s...
Erm? You tried refreshing you're screen? Bitcoin Difficulty: 62,253,982,450 Estimated Next Difficulty: 65,484,040,661 (+5.19%) Adjust time: After 423 Blocks, About 2.8 days Hashrate(?): 458,547,732 GH/s ( https://bitcoinwisdom.com/bitcoin/difficulty) Confused I am...... There was a dip a little while ago.  But it doesn't seem to be anything out of the ordinary. |
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adamstgBit
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Activity: 1904
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Trusted Bitcoiner
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November 08, 2015, 03:18:24 PM |
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good morning bitcoin land.
I was expecting waking up to some big move, so i am kinda disappointed....
remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
no matter, THE PLUNGE is coming!
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 08, 2015, 03:22:04 PM |
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good morning bitcoin land.
I was expecting waking up to some big move, so i am kinda disappointed....
remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
no matter, THE PLUNGE is coming!
That's comforting. |
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peonminer
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November 08, 2015, 03:23:54 PM |
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Bitcoin hath honeydicked us all.
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mm5aes
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November 08, 2015, 03:24:30 PM |
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good morning bitcoin land.
I was expecting waking up to some big move, so i am kinda disappointed....
remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
no matter, THE PLUNGE is coming!
Enjoy you're ablutions. Why not have a dump while you're there?  Sub $350 by tea.... |
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adamstgBit
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November 08, 2015, 03:28:01 PM |
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good morning bitcoin land.
I was expecting waking up to some big move, so i am kinda disappointed....
remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
no matter, THE PLUNGE is coming!
Enjoy you're ablutions. Why not have a dump while you're there? Sub $350 by tea.... meh not worth the risk. everyone else will dump for me after tea time. |
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peonminer
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November 08, 2015, 03:33:07 PM |
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headed back to $315?
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Hyperjacked
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Activity: 1610
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It's all mathematics...!
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November 08, 2015, 03:33:42 PM |
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good morning bitcoin land.
I was expecting waking up to some big move, so i am kinda disappointed....
remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
no matter, THE PLUNGE is coming!
Sounds like a great idea...But let's be real! Don't you think the same traders that played it hope it drops... They play all sides and have strong hands! |
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r0ach
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November 08, 2015, 03:36:43 PM |
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remarkable how the coins were bought at the first sign of a dump and then price promptly went back >380.
Just a normal day of Bitstamp trying to manipulate the price downwards like every other day for the last several years. Looks like they can't do it anymore though. |
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oda.krell
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November 08, 2015, 03:37:14 PM |
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That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here. Do we not also have leveraged long trades now too lol? I'm not understanding this point at all.
With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense? EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...You would have a point if the currently available leverage would be 1:1 in either direction, but that's not the case. During the pre-leverage era, "long" meant 1:1 (i.e. non leveraged buying and selling), and a symmetric operation i.e. "shorting" was simply impossible (on the dominant exchange, that is). Today, the market offers 20:1 leverage in either directions (futures on OKC, iirc), i.e. from 1:1 to 20:1 for longs, and from na to 20:1 for shorts. That's a lot less 'bearish' impact than the change you seem to describe, where longs stayed the same, and only shorts went from nothing to 1:1. |
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BTCtrader71
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November 08, 2015, 03:49:37 PM |
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That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here. Do we not also have leveraged long trades now too lol? I'm not understanding this point at all.
With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense? EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...You would have a point if the currently available leverage would be 1:1 in either direction, but that's not the case. During the pre-leverage era, "long" meant 1:1 (i.e. non leveraged buying and selling), and a symmetric operation i.e. "shorting" was simply impossible (on the dominant exchange, that is). Today, the market offers 20:1 leverage in either directions (futures on OKC, iirc), i.e. from 1:1 to 20:1 for longs, and from na to 20:1 for shorts. That's a lot less 'bearish' impact than the change you seem to describe, where longs stayed the same, and only shorts went from nothing to 1:1. Going from long:possible;shorting:impossible to long:possible;short:possible is a big deal regardless of the various limits ... right? |
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