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

[aztecminer]

Huobi DNS Hacked/Believe No Funds Are Missing Currently

https://www.reddit.com/r/Bitcoin/comments/2vq3bs/huobi_dns_hackedbelieve_no_funds_are_missing/

Hmmm... saving face or truth?
Also, it's Friday the 13th in China isn't it?

they already dumped their bags during the 'chinese panic' flash dumps .

[shmadz]

Huobi DNS Hacked/Believe No Funds Are Missing Currently

https://www.reddit.com/r/Bitcoin/comments/2vq3bs/huobi_dns_hackedbelieve_no_funds_are_missing/

Hmmm... saving face or truth?
Also, it's Friday the 13th in China isn't it?

they already dumped their bags during the 'chinese panic' flash dumps .

Everything is fine until people start to try to withdraw funds.

All these centralized exchanges operate like a black box and no one, other than the exchange operators, knows what's what.

If you don't control your keys, you don't actually *own* the bitcoins. Just like shares in an etf or company,  just like deposits in a bank, just like off shores properties. If you don't hold it, you don't own it.

Everything is fine until it's not.

[cbeast]

Best TA to date.

[ChartBuddy]

Coin
Explanation

[Mervyn_Pumpkinhead]

Everything is fine until people start to try to withdraw funds.

All these centralized exchanges operate like a black box and no one, other than the exchange operators, knows what's what.

If you don't control your keys, you don't actually *own* the bitcoins. Just like shares in an etf or company,  just like deposits in a bank, just like off shores properties. If you don't hold it, you don't own it.

Everything is fine until it's not.

And even if you "own" your bitcoins, then you still have absolutely no control over their value.
Playing with bitcoin is gambling, that's out of your control, either way.

[shmadz]

Everything is fine until people start to try to withdraw funds.

All these centralized exchanges operate like a black box and no one, other than the exchange operators, knows what's what.

If you don't control your keys, you don't actually *own* the bitcoins. Just like shares in an etf or company,  just like deposits in a bank, just like off shores properties. If you don't hold it, you don't own it.

Everything is fine until it's not.

And even if you "own" your bitcoins, then you still have absolutely no control over their value.
Playing with bitcoin gambling, that's out of your control, either way.

Absolutely true. Well put...

But also consider that you have no *direct* control over the value of your dollars either.

* unless you're the director of the central bank, or friends of the director, or connected in some way to that group of elites that own shares in the federal reserve...

Where do I go to find a list of those individuals again? I can't seem to find it anywhere?

[solex]

Poker Stars finishing bitcoin integration

Even my cold-wallet is getting excited at the prospect of this news hitting the mainstream.

[shmadz]

http://coinfire.io/2015/02/12/poker-stars-finishing-bitcoin-integration/

Even my cold-wallet is getting excited at the prospect of this news hitting the mainstream.

Bitcoin is the ultimate poker chip.

[ChartBuddy]

Coin
Explanation

[shmadz]

Ah screw it, I'm full on bull mode now!



Best of luck everyone!

[damiano]

Ah screw it, I'm full on bull mode now!



Best of luck everyone!

 

Shorts gonna get squeezed sooner than later

[shmadz]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

[damiano]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

[shmadz]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

It would be true, unless some markets allow naked shorts, or provide fractional reserves...

But no reputable markets would allow that! Right?

[podyx]

Of course, because I sold at $219, the price will go up...

I should of seen that coming... Only problem is that price would go down if I didn't sell

[DaRude]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

Not that many shorts, and easily offset by some of those 15MM longs taking some profit but still might provide a little bump. Looks like China is leading this...again  

[silverfuture]

Is coinbase leading this spike?

[damiano]

Wow 5k future contract (qtr) long position just got filled at 230

[DaRude]

Of course, because I sold at $219, the price will go up...

I should of seen that coming... Only problem is that price would go down if I didn't sell

And we all thank you for that. Sell some more go ahead  

[damiano]

Shorts gonna get squeezed sooner than later

Only a matter of time before it all comes crashing back down...

Better to enjoy it while it lasts I guess.

Not many coins available to short so it's gonna get interesting

Not that many shorts, and easily offset by some of those 15MM longs taking some profit but still might provide a little bump. Looks like China is leading this...again  

Longs are increasing at a faster rate than shorts, plus no coins avail to short 

We're long overdue for this