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

[inca]

Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.

Still 1/4 of the USD worth of longs...

Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?

This 'crash' is someone dumping through support in a thin market on a weekend - using a lot of borrowed coins to do so.

Those 20k shorts on finex have to be bought back.

Bitcoin is a highly speculative long term play. Why should anyone buy in now? Well the price is 75% down from the recent ATH. It has been supported at levels far higher than this for over a year. It may be pushed lower, just means I get to buy more each month!

[maranello1561]

https://www.tradingview.com/v/Dx9hLqQ1/

This is suggesting a price of $5k in just a few months

Can you imagine that?... doesn't seem very realistic at this point

I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

Its a good noble goal but in the world we live, its also a pipedream. The road to true freedom is littered with corpses of idealists.

[fonsie]

does anyone else experience this 'gray rectangle' problem?

it occurs only in this thread as far as I can tell.
looks like some chrome bug in relation to images.

I have a similar problem but the grey part is at the bottom instead of to the right.  I use Fedora on Linux, but the problem only occurs in this forum.  

The bug appared when the forum started using an image service (imgur) to store and "sanitize" images.  It may have to do with the size of the file and the speed of the internet connection to the source where the image is uploaded from; basically there is an insufficient timeout somewhere along that path, and the file gets truncated.  Reducing the image size usually helps.  Try saving as JPEG format with quality 80 or less; it may get a bit fuzzy, but then you can wrap it in a link to the full version.

It is rumoured than, when the bitcoin price will reach 10'000 USD, the admins will be able to afford to hire a teenage programmer to fix this bug (and re-enable the uploading of avatars).

IT'S A LINUX BUG, mr Stolfi

Linux bug planted by the NSA

More specifically a Chrome on Linux OS bug, no sign of it on Windows. It's also not just missing parts of the image, it's also blocking text content and they move.

But only bitcoiners experience this problem. Oh, and trolls.

Easy fix is to ignore NotLambchop.

EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop.
Either way there's an easy fix.

I was experiencing this too some weeks ago. Now i dont. Chrome on Ubuntu btw...

Did you apply the same fix for the Brony Bug?

[shmadz]

...
I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

Thanks NLC, escapism is exactly what I'm looking for. An escape from corrupt government controlled by the central banking cartel.

And now, I think I'll escape this thread for a while. See you at 250  

[xcrabber]

...one year of bear market (never happened before)...

June 2011 to February 2013 was less than a year?

Jimbo 2012 went from under $5 to over 12, I know because I started researching it around June around $5ish,  I studied up on it a little and kept telling my wife this is big, then looked at price and it was nearly $7.  I figured I would by when it came down a little because it had risen so fast (I thought).  December it was over $12, I said ###K IT and started buying.

2012 was only a bear market in "bitcoinland".

[NotLambchop]

...The road to true freedom is littered with corpses of idealists.

But "the road to mental health is just around the corner"--Mink's husband, Desperate Living

[findftp]

Had sell order on $273.5 and pulled it in the last second

FOR FUCKS SAKE... always this same shit

Don't know if appropriate, but your post made me LMAO.
Probably because I'm experiencing the same shit.
I just closed my eyes and bought. Hoping for the best.

[ChartBuddy]

Explanation

[podyx]

Seriously consider selling of my fathers stock and invest em into bitcoin even though that's 300% of my stash and I'm already overinvested

I just don't know how I can pass up this opportunity...

[p4n]

people posting this is an amazing time to buy makes me think that the panic/despair zone is to come yet

[findftp]

I use Fedora on Linux

I'm just as confused as the bitcoin price right now.
Do you run fedora in a virtual box? Or does fedora also make browsers or are you also a bit confused?

[GreekBitcoin]

Did you apply the same fix for the Brony Bug?

I did nothing It fixed itself... Or i did something that fixed it without knowing what it was...

[podyx]

people posting this is an amazing time to buy makes me think that the panic/despair zone is to come yet

That would just make me wanna invest more.

I mean, if bitcoin isn't destined to go to $0, how the fuck would one not buy at $150 or whatever?
Shit doesn't make sense.

Like I said in another thread, if you're selling now without intention to buy back cheaper, you pretty much are betting that bitcoin will go to $0

[NotLambchop]

Seriously consider selling of my fathers stock and invest em into bitcoin even though that's 300% of my stash and I'm already overinvested

I just don't know how I can pass up this opportunity...

There have been some groundbreaking, game-changing paradigm-shifting disruptive technologies you should be committed you lunatic check into.

[flounderella]

Some of the selling coming with spikes in bitcoin days destroyed

[ImI]

people posting this is an amazing time to buy makes me think that the panic/despair zone is to come yet

its not that easy. i have seen several "despair zones" in my life in stock markets and bitcoin and there was never a situation where everybody screamed "sell!". remember 60$ after the 2013 bubble? even then we had alot posts like "this is the bottom!" there simply is no situation of united "sell!" panicing. if you wait for it you will wait in vain. does this mean we have seen the bottom. idk of course.

[Blazin604]

I'll be throwing In another 500k over the next 2 months. FYI for the community. Regardless I am in it for the long haul.

[NotLambchop]

I'll be throwing In another 500k over the next 2 months. FYI for the community. Regardless I am in it for the long haul.

Will you also be buying a large block of US Steel share, Mr. Whitney?

[Blazin604]

I'll be throwing In another 500k over the next 2 months. FYI for the community. Regardless I am in it for the long haul.

Will you also be buying a large block of US Steel share, Mr. Whitney?

This is confirmed.

[ejinte]

once upon a time 600$ bitcoin was called a cheap coin

once upon a time 32$ bitcoin was called a expensive coin