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

[jonoiv]

Who is still shorting???   And finex didn't even fall much...

USD   0.0243%   0.0662%   14,105,693.21 USD
BTC   0.0494%   0.0444%   26,954.87 BTC

Shorts new ATH. Longs at the lowest level since May.

There arn't that many shorting

Someone is taking out BTC credit swaps to raise the price for the few people who are shorting.  to remove liquidity.  

They did it with LTC coin too, you can look here and see http://www.bfxdata.com/

[ShroomsKit]

this smash down has to be stolen coins being dumped.

No, stamp is using bots to press down the price.

Back up your claim please.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Richy_T]

BTC is only 50x my entry price (about 3 years ago). Like now, that was a major bottom. Should I buy more? Thoughts?

I don't think we're quite at the bottom yet but we're close to where I stopped buying on the way up so I think we're about in the right ball-park.

[YourMother]

The first china man just woke up. You don't have to look so long at his face to realize that he will dump tens of thousands of bitcoins on your stupid head.

[samsonn25]

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

That is a mistranslation; the Aramaic original said "the private key, or the passphrase, or the 2FA of his account".

haha, g1

FLY like a G6

https://www.youtube.com/watch?v=w4s6H4ku6ZY

[Eamorr]

The first china man just woke up. You don't have to look so long long at his face to realize that he will dump tens of thousands of bitcoins on your stupid head.

These guys have 20,000 coins to dump:



If I had a choice, I'd choose the Chinese guy in the navy suit.

[JorgeStolfi]

neo&bee came into the local market, no one cared. It subsequently collapsed for various reasons.

The main reason being that the CEO's main business experience, before going to Cyprus, was to sell tickets and food both concessions for a music festival in Lincolnshire, that simply did not happen.

[samsonn25]

Fly like a g6

[franckuestein]

People are likely awake or just getting up in China (CN).

http://aretheyawake.in/china


Let's see.

[poncho32]

yesterday we hit a new daily volume record on finex, today we doubled that new record.

There were 45k coins traded in less than an hour on bitfinex this morning. That's almost the quantity for sale at the last US marshals auction.

[BlindMayorBitcorn]

They prolly started with much less, but have easily doubled up or more during every raid making them ~16X more powerful than when they started- 32X if you count this last one. These are technically skilled traders to begin with who would be profitable traders even if they weren't market movers and market makers. When you have skill to begin with, it takes much less ammo to push the market in the direction it wants to go anyway. Even I could walk it up and walk it back on a slow day with very low volume and--as has been pointed out several times--am just a hick fireman.

Surely they don't risk all of their capital every time. One miscalculation or piece of bad luck and you get wiped out.

They don't have to risk all of it because they are so powerful, they only risk what they need to risk. They were going to push the market down until there was a long squeeze. I have no idea how much of their capital it took but surely not all of it. The problem is there has been no real bounce yet like the other four raids. This is new. They may have been too successful in accumulating coins and now they have (like me ironically) too many coins that aren't worth anything. Yes, we can leverage them up to push the market higher, but not sustainably without a fresh infusion of fiat.

This may be an unrecoverable stall without Big Money coming to the rescue and who knows how long we're going to bleed before the vultures come in and pick over our carcasses. I am not selling, but I have to prepare for an indefinite period without additional income.

This doesn't sound promising at all

[inca]

Who is still shorting???   And finex didn't even fall much...

USD   0.0243%   0.0662%   14,105,693.21 USD
BTC   0.0494%   0.0444%   26,954.87 BTC

Shorts new ATH. Longs at the lowest level since May.

There arn't that many shorting

Someone is taking out BTC credit swaps to raise the price for the few people who are shorting.  to remove liquidity.  

They did it with LTC coin too, you can look here and see http://www.bfxdata.com/

Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...

You cant tell, only infer it.

[worldtreasurefinders]

I just spent the last of my bitcoins to buy a ceiling fan on overstock.com.

[inca]

They prolly started with much less, but have easily doubled up or more during every raid making them ~16X more powerful than when they started- 32X if you count this last one. These are technically skilled traders to begin with who would be profitable traders even if they weren't market movers and market makers. When you have skill to begin with, it takes much less ammo to push the market in the direction it wants to go anyway. Even I could walk it up and walk it back on a slow day with very low volume and--as has been pointed out several times--am just a hick fireman.

Surely they don't risk all of their capital every time. One miscalculation or piece of bad luck and you get wiped out.

They don't have to risk all of it because they are so powerful, they only risk what they need to risk. They were going to push the market down until there was a long squeeze. I have no idea how much of their capital it took but surely not all of it. The problem is there has been no real bounce yet like the other four raids. This is new. They may have been too successful in accumulating coins and now they have (like me ironically) too many coins that aren't worth anything. Yes, we can leverage them up to push the market higher, but not sustainably without a fresh infusion of fiat.

This may be an unrecoverable stall without Big Money coming to the rescue and who knows how long we're going to bleed before the vultures come in and pick over our carcasses. I am not selling, but I have to prepare for an indefinite period without additional income.

This doesn't sound promising at all

Killing your trading environment isn't a great long term profit motive. Especially when you run the risk of irreperably damaging your main holding asset in the process.

This has obviously been orchestrated. The trolls are just useful idiots.

The single question remaining is where is the bottom?

[WeltMaster]

These are some nice and tasty <$200 coins


nomnomnom

[jonoiv]

Who is still shorting???   And finex didn't even fall much...

USD   0.0243%   0.0662%   14,105,693.21 USD
BTC   0.0494%   0.0444%   26,954.87 BTC

Shorts new ATH. Longs at the lowest level since May.

There arn't that many shorting

Someone is taking out BTC credit swaps to raise the price for the few people who are shorting.  to remove liquidity.  

They did it with LTC coin too, you can look here and see http://www.bfxdata.com/

Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...

In some cases yes.  

I was watcching the charts quite closely and the live swaps as they come in, there are a large number of swaps going through that do not get traded.

It happens with both BTC and LTC.  Good example look at the LTC spike 15:37 11th Jan,  the swaps jumped to 191k from 127k in 1 go,  http://bfxdata.com/swaphistory/totals.php

I was watching and nothing was sold,  The swap was closed a little later after that period of selling pressure passed.  (for the time being)

I have been studying it for a while.

Why does a 1015 BTC short show up here http://bfxdata.com/swapstats/btc.php

but not on wisdom https://bitcoinwisdom.com/markets/bitfinex/btcusd

Any ideas?

Shorts are not as high as someone wants us to think they are.  Bitcoin is being sold, not shorted!

[BldSwtTrs]

Bitstamp is going crazy.

[coins101]

Bulls and Bears duking it out, toe to toe.

 
 

[Fatman3001]

yesterday we hit a new daily volume record on finex, today we doubled that new record.

269636!!! on finex. If we can keep this up bitcoin might actually be worth something.