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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25189942 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. (157 posts by 13 users deleted.)
goldkingcoiner
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December 22, 2018, 01:50:00 AM

Image of guy shitting, bitcoin stable. All looks fine to me. Good night.


BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.



And then they steal back the worthless token.

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bitserve
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December 22, 2018, 01:57:00 AM

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.



It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.
HairyMaclairy
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December 22, 2018, 02:00:44 AM

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

Except you are shorting it on BFX.... 
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December 22, 2018, 02:01:16 AM
Last edit: December 22, 2018, 02:12:25 AM by Toxic2040

The volume is solid but it’s not spectacular.   It definitely is not the largest ever.  We know 90% of the volume on most exchanges listed on Coinmarketcap is fake.  

Maybe 15.11.4?  Somewhere in the neighborhood of 105k on the buy side..33k on the sell.

*edit*
Looks like 13.12.18 actually..whatever...   And really on further reflection..this is all exchanges now. There are many more today then previous years.

There are more coins being traded in more places so perhaps there is some sense to it after all.
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December 22, 2018, 02:01:32 AM

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.

https://i.imgur.com/Yh3Y20m.gif

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

You do not initiate a 'flight to safety' by opening a short on anything.  You would simply dump your Tether and buy another asset instead and withdrawl it off the fraudulent exchange Bitfinex.
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December 22, 2018, 02:06:29 AM

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

Except you are shorting it on BFX....  


Yeah, I didn't say it was the best idea Smiley
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December 22, 2018, 02:18:04 AM

I have just remembered it has always been possible to short USDT on kraken. I did once... with not much success.
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How much alt coin diversification is needed? 0%?


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December 22, 2018, 02:19:52 AM
Merited by dogebearman (1)

bitcoin will remain at 4000 for the year, but top-10 altcoins will grow due to oversold, BCH especially. In 2015, bitcoin was 200 all year, and litecoin grew from 1.3 to 8


We are not in 2015 anymore, Dorothy.  
Sure, but markets without obvious fundamentals trade the same. The absolute numbers are irrelevant here.

Do you believe that fundamentals of BTC and market dynamics are similar to early 2015?  Do you believe that charts match up, and so we are going to experience similar dynamics in early 2019 as we saw in early 2015?  

Sure, it is possible, but how much weight are you going to give to such a scenario?  How much you going to bet on such a scenario to play out?  Personally, I would not bet much on that, and even betting anywhere close to 50% on such a scenario playing out seems quite imprudent to me, but hey, to each their own.

By the way, I am not suggesting that Bitcoin does not have a fairly heavy burden to get back above $6k and to stay above $6k, I am just questioning the likelihood of painting either doom and gloom scenarios or flat price scenarios for BTC that drag out a long time based on prior charts and attempting to place a lot of credence in previous patterns.

Might be a noob question, but could you short sell BTC back in 2015? Where could you short sell BTC for the first time and when was it?

I am surely not a shorting expert, and generally, I agree with your premise that shorting options are greater now than they were in 2015.   

I am pretty sure that Bitfinex offered shorting options during the whole of 2015, and several BIG chinese exchanges (to the extent that their trade was not fake) offered bitcoin shorting in 2015.

I am not sure about any other avenues of shorting BTC that would have then been available because of course, overall, there are way more exchanges and financialization tools available now, yet I am have my doubts about folks who want to argue that bitcoin is going to zero, now, because there are way more shorting opportunities currntly available in the BTC space. 

Anyone else have more accurately and question responsive memory (and/or experiences) than me?
JayJuanGee
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How much alt coin diversification is needed? 0%?


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December 22, 2018, 02:24:02 AM


I find it strange that this is not reflected in the volume data for more reputable exchanges like Stamp.

Does that absence from the Bitstamp numbers mean that we should take the volume data with a grain of salt?  Are we being duped by some folks wanting to suggest a bitcoin trade volume level that does not exist (or an exaggerated set of data)?  Many of us likely realize that sometimes there can be misinformation that tries to manipulate us into doing something that we would not otherwise do... for example, FOMO buying.
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December 22, 2018, 02:28:10 AM

I can't figure out which one is JayJuanGee:

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December 22, 2018, 02:35:40 AM


It's impressive, until you realize that all these crossfitter women are all 18-20 yrs old and < 5'-2" tall. And former gymnasts or cheerleaders.

Show me a vid of a 35-40+ yr old doing that's at least 5'-8" tall, and I'll really be impressed.
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December 22, 2018, 02:35:52 AM

It sure looks the same to me Jay.



That would just be too convenient. Bitcoin is always full of surprises.
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December 22, 2018, 02:45:00 AM

realr0ach
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December 22, 2018, 02:48:35 AM
Last edit: December 22, 2018, 03:05:40 AM by realr0ach

It sure looks the same to me Jay.



That would just be too convenient. Bitcoin is always full of surprises.

I agree.  There's not going to be any mirror repeat of the last market cycle.  There was also no real shakeout.  There was no 'capitulation' point of a heavy dump at some supposed bottom as people claim.  There was no heavy buys all at once from anyone giving any type of impression that "oh my, the price is just too cheap here and I need to jump on it!".  No miners went bankrupt.  None of this stuff happened.  

This market is still in bear market limbo and no floor or turnaround has actually occurred.  All that happened so far was some short squeezing initiated by the fraudulent exchange Bitfinex.  It could still grind lower than $3k with companies like Bitmain imploding and going out of business, or the fraud exchange Bitfinex might try to orchestrate some more pump and dumps that fizzle out.  I guess I'm saying this market is way too full of scammers now for it to behave identically to when the price was $200 and a somewhat aggregate market actually existed.  No aggregate market exists whatsoever now.  It should behave differently.

Common sense tells me that if the price was artifically rigged upwards on Bitfinex all the way from $200 to $20,000 that some of these businesses that built their business model around artificially high prices are going to create a bitcoin holocaust on the way downward as the bubble blows up.  So for me, I'm looking for some type of event like Bitfinex and their Tethers or Bitmain imploding to be the trigger for the real bottom, but who knows.
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December 22, 2018, 02:54:11 AM

A contact of mine who works in finance just asked me how he could buy 30,000 BTC on behalf of one of his clients

So uh anyone want to do an OTC give me a PM. Introduction only, DYOR yadda yadda

I told him to go speak to Cumberland as well.  

itBit is the best way to do OTC in the US.

That's where places like BitPay and others do large OTC trades daily.
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1/21000000 , the only math you need to know


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December 22, 2018, 03:12:48 AM

why do they close the toilets before the trains  ??

You're kidding right?

That would be barbarous.
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December 22, 2018, 03:12:53 AM

large OTC trades daily.

https://www.reddit.com/r/MGTOW/comments/a8bsa0/anon_cucks_himself/
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December 22, 2018, 03:14:26 AM


Note to self: Jojo's grocery list consists entirely of beer.

busted
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December 22, 2018, 03:17:27 AM

New poll seems a bit borked.

----

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December 22, 2018, 03:21:37 AM
Merited by JayJuanGee (1)

Does that absence from the Bitstamp numbers mean that we should take the volume data with a grain of salt?  Are we being duped by some folks wanting to suggest a bitcoin trade volume level that does not exist (or an exaggerated set of data)?  Many of us likely realize that sometimes there can be misinformation that tries to manipulate us into doing something that we would not otherwise do... for example, FOMO buying.

When Crypto Quantamental who compiled those figures don't appear to provide sources for their data, it makes you think so.

Their figures seem quite similar to Coinmarketcap's, and like Hairy said there's a lot of questionable volume being counted over there. Supposedly today's top exchange1 is Coinbene (er, who?).

1. by counted volume
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