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

[elasticband]

Bitstamp doesn't matter it's just another exchange.

it's okay bitstamp can catch up 

[aclass]

UP UP and AWAY
Here goes 300... any shorts dead?

[bobboooiie]

Microsoft did not save us from crashing down but hacker did !

[dEBRUYNE]

>300$  

[Walsoraj]

http://coinorama.net/

Huge buys on BFX but USD on the order book remains relatively static. Weird. Dark pool buyer?

[Specular]

I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.

If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist.

My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp.

But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs".

This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work).

[dEBRUYNE]

http://coinorama.net/

Huge buys on BFX but USD on the order book remains relatively static. Weird. Dark pool buyer?

What about people closing their shorts?

[ImI]

Stamp is done: once you lose client's confidence it is over. Probably will run away with the rest of the money once they realize this.

watch and learn

[celebreze32]

If Nejc is running, I'll give him 1 year tops before he lies bloody and look stupid in his own bathroom.
Hopefully it won't happen and I can reclaim my bitcoins that I lost the coming years if bitcoin is to take off.

Mark is doing fine after losing way more.

Yeah, I don't know how... Maybe people still have faith in it. He'll probably be dead soon enough though.
People are investing alot into bitcoin, it's simply not gonna go unnoticed, believe that.

Mark refused to attend some meeting a while back citing fear for his personal safety as a reason for non-attendance. He's still alive but obviously lives each day in fear, which must be unpleasant no matter how much money he has.

[Brewins]

Why is Huobi still below 290

[SkyValeey]

If Nejc is running, I'll give him 1 year tops before he lies bloody and look stupid in his own bathroom.
Hopefully it won't happen and I can reclaim my bitcoins that I lost the coming years if bitcoin is to take off.

Mark is doing fine after losing way more.

He didn't lose btcs, he stole.

[LFC_Bitcoin]

Where the trolls at?

[celebreze32]

I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.

If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist.

My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp.

But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs".

This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work).

I don't think stamp does leverage.

[luckygenough56]

MOON

[fallinglantern]

Where the trolls at?

The tulip bulb beanie babies are going fallllll to zero, better cut your loose!

Better? 

[SkyValeey]

Where the trolls at?

Here http://cryptodouble.com/

[Specular]

I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.

If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist.

My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp.

But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs".

This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work).

I don't think stamp does leverage.

I was wondering about that. Like I said, I have never used Stamp, but it is my understanding that you could short via some weird 3rd party manner. Leverage or not, I would hate to be in a short position via Stamp and be locked out of the market watching us breach 300.

As an aside - what site/source do you fine gentlemen use to see the level of short positions currently open?

[luckygenough56]

The crucial 300, suspens.

[Specular]

For those wondering, this is the change that Pantera's CEO made to his profile on Pantera's website.

https://panteracapital.com/about/

DAN MOREHEAD
CHIEF EXECUTIVE OFFICER

A day ago it was

DAN MOREHEAD
CHIEF EXECUTIVE OFFICER & CHAIRMAN OF BITSTAMP



It is funny because Pantera is both a VC firm and a Hedge Fund that is heavily long BTC. So this Stamp story is a double whammy to their reputation and to the price of their reason for being - Bitcoin.

[Fatman3001]

THIS IS SPARTA!!!