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

[macsga]

So Loaded did some serious job there in China. $80 up during my night time sleep!

Good Morning People!

and don't forget to...

HODL!

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[nanobrain]

So Loaded did some serious job there in China. $80 up during my night time sleep!

Good Morning People!

and don't forget to...

HODL!

Evening from Australia.
And how is sunny Greece today

[seleme]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

Thats the $ people have borrowed to buy BTC. At some point they will need to sell the BTC to pay back the $.

You can "Claim" the BTC once you have gained enough to pay off the loan. No BTC is sold in this case.

That's incorrect. When you exit a long postition on bitfinex, BTC are sold (directly on bfx or via bitstamp).

So what does this mean on their page?

When you close position, coints are bought/sold just like they are when you are opening position.

Profit / loss is added/taken from your usd or btc balance.

[Erdogan]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

[windjc]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

famous. last. words.

[nanobrain]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

famous. last. words.

No it is...go back a few pages for the recent discussion.

BTC has shown its resilience, we've had the extremists from both sides proclaim their views but the market is the true indicator.  We may go up, we may go down in the short-term but its gonna take more than proclamations from a bunch of Chinese pensioners to destroy BTC.

Enjoy the show.

BTW...will you be sitting any of your A-level economics questions later (...Discuss?)  I do enjoy them

[macsga]

So Loaded did some serious job there in China. $80 up during my night time sleep!

Good Morning People!

and don't forget to...

HODL!

Evening from Australia.
And how is sunny Greece today

I will be out for a morning coffee later today (it's 10:40am) It's December but it's 19C outside which makes it a perfect day for me to go and photosynthesize 

[windjc]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

famous. last. words.

No it is...go back a few pages for the recent discussion.

BTC has shown its resilience, we've had the extremists from both sides proclaim their views but the market is the true indicator.  We may go up, we may go down in the short-term but its gonna take more than proclamations from a bunch of Chinese pensioners to destroy BTC.

Enjoy the show.

BTW...will you be sitting any of your A-level economics questions later (...Discuss?)  I do enjoy them

I didn't think you literally were talking about Bitcoin surviving, I never thought that was in question. I thought you were saying that this downtrend was over. That's a different story.

[Rampion]

I am buying with cash, gold, and some silver.

I am long term bullish, but sell when clients want to. Inducing panic only hurts my own holdings, which I have not sold a single BTC of.

Your life is pretty interesting. Very cool-- thank you for your decency. Bitcoin is good peeps. Cheers

Tip for our dear early adopters, if you get are annoyed by these "Loaded" guys, take a notice how he mentioned buying with gold and silver.
If you read between the lines they are close to exhausting their funds. I wouldn't hope for a bigger sucker at this point....

Tip for our dear early adopters, if you get are annoyed by this "ElectricMucus" guy, take a notice how he mentioned that he doesn't own bitcoins and doesn't trade bitcoins.
If you read between the lines he is just here to troll. He is hoping you are a big sucker.

He is one of the early rejectors.

Poor guy sold too many BTC too early. If he had believed a little more, now he would have dozens of millions in usd.

Early rejectors follow similar patterns. They've been predicting BTC going to near-zero for years. When and if that happens, they will proudly scream: I TOLD YOU SO, regardless of BTC having gone to 4, 5 or 6 figures before the final crash.

From now on, the only satisfaction they pursue is to be right at some point. It's interesting to see how most early rejectors are into scamcoins, litecoin above all - that's very telling and demonstrates the kind of butthurt they are feeling.

[macsga]

I don't know about you; I see this breaking $800 on Gox today. Let's grab some popcorn and... HODL!!!!

Edit: http://bitcoinwisdom.com/markets/mtgox/btcusd

Zoom out to 15mins. The same pattern for the 3rd time since $704. Hmmm....

[fluidjax]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

Thats the $ people have borrowed to buy BTC. At some point they will need to sell the BTC to pay back the $.

You can "Claim" the BTC once you have gained enough to pay off the loan. No BTC is sold in this case.

That's incorrect. When you exit a long postition on bitfinex, BTC are sold (directly on bfx or via bitstamp).

So what does this mean on their page?

When you close position, coints are bought/sold just like they are when you are opening position.

Profit / loss is added/taken from your usd or btc balance.

Of course someone who wanted to buy a lot of coins could have taken some of the $9m in loans (and not used it) to ensure that the price isn't artificial pushed up before they get their buys filled, when spotted on bitfinex it also convinces more to sell and fill his orders before the perceived crash... which never comes.

Taking the 9m in loans and not using them, is probably cheaper in interest than allowing other traders to use them and pushing the price up.

[Jren]

I don't know about you; I see this breaking $800 on Gox today. Let's grab some popcorn and... HODL!!!!

Edit: http://bitcoinwisdom.com/markets/mtgox/btcusd

Zoom out to 15mins. The same pattern for the 3rd time since $704. Hmmm....

Weekend/christmas dip. Prepare for 300 dollar coins.

[ChartBuddy]

[seleme]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

Thats the $ people have borrowed to buy BTC. At some point they will need to sell the BTC to pay back the $.

You can "Claim" the BTC once you have gained enough to pay off the loan. No BTC is sold in this case.

That's incorrect. When you exit a long postition on bitfinex, BTC are sold (directly on bfx or via bitstamp).

So what does this mean on their page?

When you close position, coints are bought/sold just like they are when you are opening position.

Profit / loss is added/taken from your usd or btc balance.

Of course someone who wanted to buy a lot of coins could have taken some of the $9m in loans (and not used it) to ensure that the price isn't artificial pushed up before they get their buys filled, when spotted on bitfinex it also convinces more to sell and fill his orders before the perceived crash... which never comes.

Taking the 9m in loans and not using them, is probably cheaper in interest than allowing other traders to use them and pushing the price up.

Yep, loan manipulation happens often..

[Searing]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

famous. last. words.

No it is...go back a few pages for the recent discussion.

BTC has shown its resilience, we've had the extremists from both sides proclaim their views but the market is the true indicator.  We may go up, we may go down in the short-term but its gonna take more than proclamations from a bunch of Chinese pensioners to destroy BTC.

Enjoy the show.

BTW...will you be sitting any of your A-level economics questions later (...Discuss?)  I do enjoy them

speaking of economics or more specifically "economists" have you heard of any "prominent" economists (as of like 6 months ago 90 percent against bitcoin) anyway have any "flipped' their position so far on bitcoin or are they just lurking....anyway I'd have thought some well know economist would start the trend against  the status quo but then again what do I know of economic academic infighting?  Anyway....I'd think some people in that field would be doing a "re-look at bitcoin".

[MAbtc]

That ending diagonal looks to be triggering. No volume, though.

[Hfertig]

wow, Bitfinex BTC lending as become expensive overnight. I wonder what´s going on ;-)

[gizmoh]

That ending diagonal looks to be triggering. No volume, though.

Top reached, prepare for landing..

[Mirsad]

That ending diagonal looks to be triggering. No volume, though.

Top reached, prepare for landing..

Nice! Called 550-600 Euro the top. Prepare for massive selloff.

[alexeft]

So Loaded did some serious job there in China. $80 up during my night time sleep!

Good Morning People!

and don't forget to...

HODL!

Evening from Australia.
And how is sunny Greece today

I will be out for a morning coffee later today (it's 10:40am) It's December but it's 19C outside which makes it a perfect day for me to go and photosynthesize 

Heeeeeeeeeeeeeeyyyyyyyyy!!!! It's fucking frozen here!!! Photosynthesize for me too, will you? Thanks!