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

[pfrtlpfmpf]

Shorting ? Alts and Bitcoin hedge each other ( i mean, only serious alts) !

The guy's short got liquidated for $48M. It smells of the nouveau riche, and alts seem like the most likely source of said new wealth. I could be wrong in my assumption of course.

Man, what a ride. At the beginning of the year, i got a giant push with my alts, then went into bitcoin with half of my crypto-portfolio (it just was a bowel sensation, more than knowledge), and now i´m contemplating about "Cryonics" at Alcor (only my head, the rest of my body will be taken care of by "biohacking" anyway, and it´s just a few hundred thousand dollars, didn´t ask for how long . . .)

It seems, my problems only just startet, what if nobody wants to see me in a hundred years? Guess i don´t care !

Though, proper SUVs are nice too !   

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[Rosewater Foundation]

At least some of us have our priorities in order. 

[jbreher]

Someone either has enough money not to give a shit, or is considering taking in the views from tall buildings or bridges.

A $48M margin call is just fucking brutal either way you slice it.

Suicide? Sure, $48M is a fair amount of scratch. But in the end it's only money. Hardly worth ending a life over.

Or maybe you were making a commentary on someone engaging in such risky financial behavior may be an adrenaline junkie, and may be looking for the thrill of physical heights?


Tangential, but a decent piece on evil wall street: https://rantt.com/this-is-why-bankers-keep-getting-away-with-fraud-fb0a0ccbb6fb

[bitcoinPsycho]

bitcoins are running low .its going up again 

[pfrtlpfmpf]

At least some of us have our priorities in order. 

At this tempo, i´ll do both. Didn´t think about the order yet !  

[JayJuanGee]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

Did I miss it?

Is bitcoin a part of "crypto?"   

What is crypto?

 

[pfrtlpfmpf]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

Did I miss it?

Is bitcoin a part of "crypto?"   

What is crypto?

 

Not new for you, but everyone, who jumps on this thread NEW, deserves the truth served again, no?
Anyway, who asked you ? Nobody asked you to watch here 24/7. Is this your thread ?
Calm down, and say: I´m not bitcoinforumgod, i´m not bitcoinforumgod.

Just a humble suggestion.



Damn, i knew it !

[pfrtlpfmpf]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

Did I miss it?

Is bitcoin a part of "crypto?"   

What is crypto?

 

Not new for you, but everyone, who jumps on this thread NEW, deserves the truth served again, no?
Anyway, who asked you ? Nobody asked you to watch here 24/7. Is this your thread ?
Calm down, and say: I´m not bitcoinforumgod, i´m not bitcoinforumgod.

Just a humble suggestion.



Damn, i knew it !

You´re an arrogant, selfcentered, but intelligent individual, so i´m awaiting a humble (which is a sign of intelligence) reply. Thank you.

[Dabs]

I think Trezor should cap the time limit function to 24 hours, or even less, and not keep doubling the seconds or time. What if you are like the author, who legitimately owns the device? Although you should make sure to have a proper backup, not some orange paper that can be thrown away by an "evil maid". In the meantime, if the trezor was stolen by a thief, he still can't "brute force" the PIN code in any reasonable amount of time.

[bones261]

https://twitter.com/francispouliot_/status/924739943842435072

Made a fortune on alts, lost it all shorting Bitcoin?

The person did in on Bitmex. If he had 100x leverage, he only lost USD $480K. If he did 25X leverage, he only lost 1.92 Million. Still, a lot of money. Judging from the amount of the rise yesterday, he probably had it on at least 15x leverage, which would be 3.2 million.

I could be wrong though. He could have had lower leverage and has had the short open for quite sometime, and lost more money. If that were the case though, he should have cut his loses long ago.

[JayJuanGee]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

Did I miss it?

Is bitcoin a part of "crypto?"  

What is crypto?

 

Not new for you, but everyone, who jumps on this thread NEW, deserves the truth served again, no?
Anyway, who asked you ? Nobody asked you to watch here 24/7. Is this your thread ?
Calm down, and say: I´m not bitcoinforumgod, i´m not bitcoinforumgod.

Just a humble suggestion.



Damn, i knew it !

You´re an arrogant, selfcentered, but intelligent individual, so i´m awaiting a humble (which is a sign of intelligence) reply. Thank you.

My humble bumble reply will be:    


Furthermore, no matter what you say, pfrtlpfmpf, I still think that there are just too many instances out there in which there are "expert" articles and amorphous references to "crypto" or "blockchain" without even mentioning bitcoin.  

Accordingly, sometimes, we have to call bullshit on these folks who are spewing out "information" and proclaiming some kind of expertise in regards to crypto or blockchain while failing and refusing to put such discussions in the context of bitcoin... I mean the real bitcoin.. I mean the thing that so many of them seem to be sssssoooooooooooo   afraid to discuss.    

I hope that you are not one of THOSE conflating PEEPS, pfrtlpfmpf?    

[Rosewater Foundation]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

[JayJuanGee]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

[Icygreen]

Almost sounds like a car I used to have. Bbbbb.Pop...bbbbb Popop....bbb

[gembitz]

A late and slightly hungover good morning Bitcoinland.

I see we're still over $6k despite the profit-taking/correction following yesterday's ATH... currently $6075USD/$7804CAD (Bitcoinaverage).

AltCash slipped a bit as well at $451USD/$578CAD (Coinmarketcap).

It would be nice if $6k was the new bottom but I'm not counting on that quite yet. Getting over $8kCAD was fun yesterday though. It's another milestone. This time last year we were looking forward to just getting back to $1k.

What a difference a year makes. Go Bitcoin go.

bitcoin will be $10,000+ before 2018!!    gogogooo++

[Rosewater Foundation]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

Then boom. Almost certainly boom.

[gembitz]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

Then boom. Almost certainly boom.

offtopic #crypto #boomin ===> https://poloniex.com/exchange#btc_emc2

[yefi]

The person did in on Bitmex. If he had 100x leverage, he only lost USD $480K. If he did 25X leverage, he only lost 1.92 Million. Still, a lot of money. Judging from the amount of the rise yesterday, he probably had it on at least 15x leverage, which would be 3.2 million.

I could be wrong though. He could have had lower leverage and has had the short open for quite sometime, and lost more money. If that were the case though, he should have cut his loses long ago.

I don't trade on Bitmex, but looking at their margin requirements, you can't do 100x on such a large position. At ~7800BTC, your margin would need to be around 38% judging by their formulas: https://www.bitmex.com/app/riskLimits

Also, you sure it's Bitmex? I'm pretty sure it's OKEX, as their contracts are $100 per.

[bones261]

The person did in on Bitmex. If he had 100x leverage, he only lost USD $480K. If he did 25X leverage, he only lost 1.92 Million. Still, a lot of money. Judging from the amount of the rise yesterday, he probably had it on at least 15x leverage, which would be 3.2 million.

I could be wrong though. He could have had lower leverage and has had the short open for quite sometime, and lost more money. If that were the case though, he should have cut his loses long ago.

I don't trade on Bitmex, but looking at their margin requirements, you can't do 100x on such a large position. At ~7800BTC, your margin would need to be around 38% judging by their formulas: https://www.bitmex.com/app/riskLimits

Also, you sure it's Bitmex? I'm pretty sure it's OKEX, as their contracts are $100 per.

You're right. It was OKEX according to this tweet. https://twitter.com/whalecalls/status/924886664123768832 Person may have been at 20X or 10x according to a reply to the tweet and lost 2.4 or 4.8 million.

[JayJuanGee]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.