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

[samsonn25]

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!

Also some is fake advertising to influence price movement

[bittcoinn]

do not think 1000 CNY could be broken again downwards short to medium term

[podyx]

 

[cbeast]

CCMF!

[BlindMayorBitcorn]

CCMF!

Dude. Just no

[BitChick]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

[cbeast]

I feel like the last 13 months were a dream and I just woke up to great news!

[BrewCrewFan]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.

[xyzzy099]

Well, it seems that we have very different views about the motivations and ideologies of miners and other players.  I don't know how we could resolve this difference, so let's leave it at that.

However, note that a large fraction of the miners are Chinese; that the Chinese may not have much trust in bitcoin as the currency of the internet; and that miners, more than any other bitcoiners, cannot plan much beyond a 2-year horizon, because their equipment quickly becomes uncompetitive due to improvements in the energy efficiency.

I don't think there is any viewpoint involved.  It is simply an observable fact that ONLY the consensus of miners decides what IS Bitcoin protocol, and what is NOT Bitcoin protocol.  Miners will presumably act in there own self-interest, which, I believe, involves maintaining the value of the coin they are mining - which, again, would obviously be destroyed by allowing the protocol to be arbitrarily changed by anyone who promised to buy a bunch.

It's not clear to me why you seem to feel that the nationality of said miners is relevant.

[coins101]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.

maybe, but the 4-hour is turning in the right direction.

[NotLambchop]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

BitChick, you're alive!  Did BitChicksHusband sell your coins again?

[samsonn25]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.

Gave back from $210 yesterday

[medialab101]

CCMF!

Um, can we at least wait till we get back to the 200's?  I would even say we should wait until the 300's for any CCMF posts.

Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.

12 months of a bear market = Stockholm syndrome

[billyjoeallen]

Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

[colour]

Moon?!

[mmitech]

I feel like the last 13 months were a dream and I just woke up to great news!

you are desperate, you really need help...

[JamesBrown]

Moon?!

Wow what an awesome picture

[derpinheimer]

Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

Unless there is reason to believe otherwise, it was probably a typo.

[WeltMaster]

Who's up for some good ol' bear hunting?

[billyjoeallen]

Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

Unless there is reason to believe otherwise, it was probably a typo.

was not. I tried it several times with differing amounts and differing prices. On the outside chance that BFX was hacked and this isn't a glitch, this could be the worst timing something like this could happen.