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

[billyjoeallen]

Interest rate on swaps just doubled. Do you think Bulls will run out of fiat to borrow before bears run out of coins to borrow?

What does this mean?

Well, it's gone back down now, but what it means is demand to borrow BTC (to sell it short) has gone up relative to the supply, so the lenders can charge more interest. This could be bullish as in dumpers are running out of coins to dump or bearish as in more people think the market is going down.

[fonzie]

Interest rate on swaps just doubled. Do you think Bulls will run out of fiat to borrow before bears run out of coins to borrow?

They are already out of money as it has been proven in that ultra weak attempt to break 250$. Scared bulls will shit on themselves. No need for "bears" (shorters) to crash it. They just watch and enjoy!

Long squeeze incoming™!

[aztecminer]

looks like 'chinese miner' dumped us back under 240 again .

[ChartBuddy]

Coin
Explanation

[NotHatinJustTrollin]

I'm panic selling as we speak!

I know right?!

[Sitarow]

[plasma1010]

What a circus

[BlackSpidy]

Quick question:
Why is that line important at all? It's not like "it's ether an uptrend at this rate or a downtrend", it's been going up a while. It may go down further, though I think it won't go below 220 for a while. We're in for some sideways action.

[inca]

Is that it?

The short swap interest on finex is now more than double the equivalent rate in USD and there are only 2000 coins left at any price to be borrowed and sold into the market.

Edit: fairly clumsy chart painting..though i suppose they were hoping for some follow through selling

[jeffhuys]

The trend downwards seems to have the upper hand right now...

[NotLambchop]

^
Sounds like a great opportunity for you, gotmilk. Carpe diem!

[brokenchair]

The trend downwards seems to have the upper hand right now...

I don't know, still up from low after coinbase pump and dump, and up form the low before that whole incident.  Besides how could it be beneficial to dump right now when the price will go back to 245 fairly quickly all on its own.  If you were going to short or dump for a nice profit, you missed your chance for the day.
Then again people panic.  

[hdbuck]

there is so much profit yet to be made downward.

[greenlion]

BTCeanie BTCabies entrepreneur Cameron Johnson was 9 years old when he started SELLING his BTCeanies online.  When he was 15, his business started generating sums of $15,000 a day. He made his first million before graduating from high school.

I'm going to translate this to non-faggot.

Kid started selling his sister's collection, then started buying directly from Ty at wholesale to sell directly on places like ebay. He made about $50,000 after about a year.

Now the "$15k/day" / "first million" business, which our trucker-blowing compadre wants to insinuate came from Beanie Babies, was from a weird MLM online advertising scheme.

[NotLambchop]

^Lol @ "research."  OK, you got me!  Keep hodling your BTCeanies.  Stay BTCutthurt, BTCitcoiner!

[damiano]

o wow another round of shorts opened up

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.

@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.

[NotLambchop]

If you want to know the cause of recent dumping, Bitcoin's premiere securities exchange, Havelock, went dark yesterday
https://www.havelockinvestments.com





lol just kidding, disregard.  Everyone knows that Bitcoin securities are 95% fraud & 5% incompetence, fail & AIDS.  Bitcoin's about gambling, not business & IRL.  I believe Mr. Warren Buffett has put it best by saying "It's a mirage."

[inca]

Shorts near 21000.