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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26383027 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
mymenace
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December 04, 2017, 10:08:52 PM

Seems plausible.

Yeah, I also think a "double bubble" is in the cards, mainly due to mainstream finance instruments.

http://www.scmp.com/business/global-economy/article/2122542/two-chicago-based-exchanges-begin-trading-bitcoin-futures

Two Chicago-based exchanges to begin trading bitcoin futures in December

watch for the fireworks

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jojo69
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December 04, 2017, 10:08:59 PM

The badger rolls over.  Is ded.

 Just having a nap.

look at that lazy fuck
RejectedBanana
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December 04, 2017, 10:16:15 PM


IF $10,000 holds (and that's a big if, but I'm feeling optimistic), then we've achieved the 12th Bitcoin doubling floor since $2.50.

This puts the latest doubling floor at only 50 days, beating the previous run of 77 days. The record still belongs to the $20-$40 runup, which took only 39 days to "permanently" double.

Anyhow, at this rate, we might have a brand new $20k floor by mid January!  Shocked

explorer
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December 04, 2017, 10:16:17 PM


Just finished killing another cobra.  Need the nap to detox.  Will consume said cobra upon waking.  Now SHHH!!!
Real_Ramsey
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December 04, 2017, 10:22:39 PM

The Big Bang Theory episode happened. Anyone see it?

ragnar0k
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December 04, 2017, 10:24:07 PM


IF $10,000 holds (and that's a big if, but I'm feeling optimistic), then we've achieved the 12th Bitcoin doubling floor since $2.50.

This puts the latest doubling floor at only 50 days, beating the previous run of 77 days. The record still belongs to the $20-$40 runup, which took only 39 days to "permanently" double.

Anyhow, at this rate, we might have a brand new $20k floor by mid January!  Shocked



Hopefully we won't have a "FINEXXED"
Rosewater Foundation
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December 04, 2017, 10:24:43 PM


"Sheldon tries to teach the guys a lesson after they cut him out of a potentially valuable Bitcoin investment. Also, a seven-year-old video reveals a secret about Leonard and Penny's relationship."

Got it. So drole.
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December 04, 2017, 10:24:57 PM

The record still belongs to the $20-$40 runup, which took only 39 days to "permanently" double.

Nice chart (took a lot of work). I think a doubling in 39 days has better chance than 50 days. Parabolic means parabolic after all.
Gyrsur
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December 04, 2017, 10:25:37 PM

Here is a new Andrew's Pitchfork with trend line projections drawn into first quarter 2018:



Remember chart is log scale.

amazing!!  Grin
jojo69
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December 04, 2017, 10:25:58 PM


Got it. So drole.

droll

sorry
Rosewater Foundation
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December 04, 2017, 10:31:12 PM


https://en.wiktionary.org/wiki/drôle
Rosewater Foundation
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December 04, 2017, 10:32:45 PM

^Hyperlinks are broken now. Prolly the NSA
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December 04, 2017, 11:06:53 PM

^Hyperlinks are broken now. Prolly the NSA

You have to do it like this:

https://en.wiktionary.org/wiki/drôle

with the [ url ] [ / url ] thing
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December 04, 2017, 11:22:02 PM

Since we are posting bullsh charts today:

Ground control to Major Tom...


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December 04, 2017, 11:23:51 PM


Just finished killing another cobra.  Need the nap to detox.  Will consume said cobra upon waking.  Now SHHH!!!


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December 04, 2017, 11:27:19 PM

Last one:

https://twitter.com/parabolictrav/status/936770842075152386

Quote
Parabolic Trav‏ @parabolictrav

Entering the first target box. Watching the weekly to confirm no reversal by Sunday. If we end Sunday well, I expect we repeat this weeks performance next week. We're in the parabolic feedback loop and it doesn't stop until it implodes.

lightfoot
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December 04, 2017, 11:35:51 PM

When you're alone, and life is making you lonely
You can always go
Downtown
When you've got worries, all the noise and the hurry
Seems to help, I know

Downtown
Just listen to the music of the traffic in the city
Linger on the sidewalk where the neon signs are pretty
How can you lose?
...

Cause I live....

Downtown: Where you're life's a joke
You live Downtown, where there is no hope
You live Downtown, where depression is status quo....
Down on skid row.....

(Little Shop of Horrors)
lightfoot
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December 04, 2017, 11:37:25 PM

Two Chicago-based exchanges to begin trading bitcoin futures in December

watch for the fireworks


So I have a question about the futures trading: Will these idiots actually have to buy and hold bitcoins in order to buy or sell, or are they just betting on the price like a numbers racket?
explorer
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December 04, 2017, 11:43:54 PM

Two Chicago-based exchanges to begin trading bitcoin futures in December

watch for the fireworks


So I have a question about the futures trading: Will these idiots actually have to buy and hold bitcoins in order to buy or sell, or are they just betting on the price like a numbers racket?

Nothing to do with bitcoin, unless they choose to hedge shorts by holding actual BTC.  It is a cash settled derivative bet.
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December 04, 2017, 11:45:20 PM

Two Chicago-based exchanges to begin trading bitcoin futures in December

watch for the fireworks


So I have a question about the futures trading: Will these idiots actually have to buy and hold bitcoins in order to buy or sell, or are they just betting on the price like a numbers racket?

It's cash settled so they don't have to own any physical at any stage, but that won't prevent arb trading.

http://www.cmegroup.com/trading/bitcoin-futures.html

Quote
CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday
I presume this means 23 hour/day trading 6 days per week?

The other interesting thing is the price limits:
Quote
   
Price limits for a given Business Day are calculated in relation to a reference price, which generally will be set at the most recent Bitcoin Futures settlement price, calculated at 4:00 p.m. London time each Business Day. The reference price may be adjusted at the sole discretion of the Exchange to incorporate BRR changes on non-trading days. A price limit of 20% above or below the reference price and special price fluctuation limits equal to 7% above or below the reference price and 13% above or below the reference price apply. Trading will not be permitted outside of the 20% range above or below the reference price.

The CME will shutdown trading if limits are exceeded, but the crypto exchanges will keep going - we could get a divergence. Image a week where it rises more than 20% every day => Hyperbitcoinisation ensues.



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