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

[DaRude]

Bitfinex swaps are up a lot in last 2 days... Same is with swaps rate.

Yeah bothers me too, money is coming from leveraged longs

[peonminer]

Are these cheap coins now?

Get in before the deposits clear in the morning. Won't see sub $400 for a while.

[gotmilk_]

Bitfinex swaps are up a lot in last 2 days... Same is with swaps rate.

Yeah bothers me too, money is coming from leveraged longs

Yep. More or less all the buying is leveraged in last 2 days on Bitfinex... Question is how highly leveraged is China.

Bid sides are thin so many positions could get called/stopped really easy.

[LFC_Bitcoin]

Been at the football today, haven't been able to check the price until now.

Is this gentlemen?



Nice to see a bit of a pump today, any particular reason for it?

[peonminer]

Been at the football today, haven't been able to check the price until now.

Is this gentlemen?



Nice to see a bit of a pump today, any particular reason for it?

[rjclarke2000]

Been at the football today, haven't been able to check the price until now.

Is this gentlemen?



Nice to see a bit of a pump today, any particular reason for it?

This is gentleman

I am deciding what island to buy tonight ready for when I wake up in 7 hours.

[nioc]

Are these cheap coins now?

Get in before the deposits clear in the morning. Won't see sub $400 for a while.

That's what I was afraid of.  I really don't know what to do.  Actually that's not true.  I'm out of fiat for about 10 days so my decision is made for me.  If I did have fiat available I wouldn't know what to do now.

I will continue to check this thread several times a day.  Hope springs eternal

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

traders: when you book profits are you accounting in bitcoin or fiat?

who has the coinz makes the rulez.

[Fatman3001]

Looks like whale-wars at the moment.

Sounds like a series on the Discovery channel.   Is it on tonight?  

Could be.



They sort of look like Bitcoiners.

[JorgeStolfi]

Obscene BTC/CNY volume in the last three days at OKCoin.cn and Huobi (both in Mainland China). 

BTC-China, Bitstamp, and Bitfinex, on the other hand, had large but not at all exceptional volume over the last few days.

Huobi had 1.6 million BTC traded on 2015-11-26; OKCoin.cn had 1.3 million.  That is about 10x the typical daily volume since the 2013 rally to Sep/2015.  Looking at the 3d volume charts, it seems almost that they did not exist until 3 months ago.

BTC-China (in Shanghai, a Special Economic Zone) had three epochs of large volume: two modest ones in Nov/2013 and early Nov/2015 (peaking at 0.08 M BTC/day) and a much larger one from Sep/2014 to May/2015 (peaking at  0.20 M BTC/day, except two freak days 13--14 Nov/2014 with 0.58 M BTC).

Bitstamp and Bitfinex had relatively constant volume (~0.01 M BTC/day) since May/2013, except for a couple of surges. Bitstamp saw 0.03--0.06 M BTC/day in Dec/2013 and Mar/2014; Bitfinex saw such numbers in Jan--Mar/2015.  Both had a similar surges in Sep-Nov/2015, but peaking on 2015-11-03 (whereas Huobi and OKCoin peaked a couple of days earlier).  Over the last 3-4 days, they have had relatively little volume (whereas OKCoin and Huobi have surpassed their records).

So I would (still) guess that the current rally is being pulled by Huobi and OKCoin, with the others following.  The Chinese MMM ponzi and its copycats still seem to be prime suspects.  The peak on 2015-11-03, on the other hand, may have been speculative amplification of that demand, mostly at the other exchanges.

[ImI]

shorts got burned hard and are down to 7000

some folks still dont know how to deal with a bull market.

[peonminer]

Obscene BTC/CNY volume in the last three days at OKCoin.cn and Huobi (both in Mainland China).  

BTC-China, Bitstamp, and Bitfinex, on the other hand, had large but not at all exceptional volume over the last few days.

Huobi had 1.6 million BTC traded on 2015-11-26; OKCoin.cn had 1.3 million.  That is about 10x the typical daily volume since the 2013 rally to Sep/2015.  Looking at the 3d volume charts, it seems almost that they did not exist until 3 months ago.

BTC-China (in Shanghai, a Special Economic Zone) had three epochs of large volume: two modest ones in Nov/2013 and early Nov/2015 (peaking at 0.08 M BTC/day) and a much larger one from Sep/2014 to May/2015 (peaking at  0.20 M BTC/day, except two freak days 13--14 Nov/2014 with 0.58 M BTC).

Bitstamp and Bitfinex had relatively constant volume (~0.01 M BTC/day) since May/2013, except for a couple of surges. Bitstamp saw 0.03--0.06 M BTC/day in Dec/2013 and Mar/2014; Bitfinex saw such numbers in Jan--Mar/2015.  Both had a similar surges in Sep-Nov/2015, but peaking on 2015-11-03 (whereas Huobi and OKCoin peaked a couple of days earlier).  Over the last 3-4 days, they have had relatively little volume (whereas OKCoin and Huobi have surpassed their records).

So I would (still) guess that the current rally is being pulled by Huobi and OKCoin, with the others following.  The Chinese MMM ponzi and its copycats still seem to be prime suspects.  The peak on 2015-11-03, on the other hand, may have been speculative amplification of that demand, mostly at the other exchanges.

[ssmc2]

I can envision a drop to around 315 or so at some point, then back up.  The question is how long will it stay that low and can you catch it.

[marcus_of_augustus]

Looks like whale-wars at the moment.

Sounds like a series on the Discovery channel.   Is it on tonight?  

Could be.



They sort of look like Bitcoiners.

naaah, they look like broke leftist enviro-warriors. We could changetip them a shark fin or two.

[ImI]

I can envision a drop to around 315 or so at some point, then back up.  The question is how long will it stay that low and can you catch it.

nope, dont see 315 anytime soon

400 is way more likely the next days

[gotmilk_]

I can envision a drop to around 315 or so at some point, then back up.  The question is how long will it stay that low and can you catch it.

nope, dont see 315 anytime soon

400 is way more likely the next days

I think 340$... To clear some longs and get some new shorts.

[Fatman3001]

Looks like whale-wars at the moment.

Sounds like a series on the Discovery channel.   Is it on tonight?  

Could be.



They sort of look like Bitcoiners.

naaah, they look like broke leftist enviro-warriors. We could changetip them a shark fin or two.

Sorry dude, they're anarchists. They're your lot.

[Hyperjacked]

I can envision a drop to around 315 or so at some point, then back up.  The question is how long will it stay that low and can you catch it.

nope, dont see 315 anytime soon

400 is way more likely the next days

I think 340$... To clear some longs and get some new shorts.

have fun with that...

[r0ach]

Those are not even close to anarchists.  Those are identical to the collectivist leftists posting in this thread.  Leftism is a mental disorder based on inferiority complex where you can only relate to groups deemed weak, discriminated against, wronged, inferior, etc.  

Those people latch onto the whales because they see them as having been wronged.  It's a clear case of textbook collectivist leftism.  Their mental disorder is often mistaken for just common empathy, but that's not how it works.  Anything seen as strong or seemingly normal they have contempt for, so it's not empathy, but an actual behavior pattern/defect.

They were all dumped into the trash can when they were younger and now show contempt for anything in their mind that they see stronger than themselves (which is everything).