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

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

1 Day MACD about to go back to negative numbers.

[billyjoeallen]

Nice try with that throwback Chinese panic dump. Market giving shorts false sense of hope and dealing pain to longs with tight stops. Figures.


P.s. why today's announcement of the new bitcoin derivatives exchange is a "game changer".

http://www.cnbc.com/id/102456187

This is why the announcement of a bitcoin futures-and-options broker is so exciting. Merchants will have more options to hedge bitcoin exposure which eventually could lead to fewer merchants immediately converting to fiat

And you can expect bitpay and coinbase will be using this new service!

If you could tolerate the third party risk, why not just take your cold storage coins and double down by putting them into 1 or 2 YR futures and go long?  If youbelieve long term priceis headed up, you could increase your profit w/oputting additionalcapital at risk. Also a futures market would be a much more accurate gauge on upcoming price movements than the nearly universally terrible technical analysis from Coindesk, cryptocoin news etc.

EDIT: the above link says NOTHING about the derivates exchange. Not a launch date, not a URL, not a name. nada.

[damiano]

If I were the ignoring type, I would consider ignoring you simply because you don't seem to know what an appropriate paragraph is, or how to use more than one in your posts. 

Lol I was gonna same something similar.  I gave up when I got to the 3rd line.

[Cconvert2G36]

Bulls had their run to try and take $250 a couple times, now bears have their chance to make a run at $220.

I think nothing major happens (220-250) until the hours before auction news.

[JimboToronto]

Bulls had their run to try and take $250 a couple times, now bears have their chance to make a run at $220.

I think nothing major happens (220-250) until the hours before auction news.

Why so much concern for the auctions?

The last 2 USMS auctions had almost no effect on the market. Why do you think it will be different this time?

They were won by institutional investors, not by trader kids who use online exchanges.

[Cconvert2G36]

Bulls had their run to try and take $250 a couple times, now bears have their chance to make a run at $220.

I think nothing major happens (220-250) until the hours before auction news.

Why so much concern for the auctions?

The last 2 USMS auctions had almost no effect on the market. Why do you think it will be different this time?

They were won by institutional investors, not by trader kids who use online exchanges.

News relating to it, # of bidders, potential leaks of prices paid. It is 50k BTC of demand satiated in a day. Not inconsequential.

[billyjoeallen]

Um, most libertarians (unlike myself) are just classical liberals, like those radicals Jefferson, Madison, Washington, Lafayette, John Jay, etc. You can disagree with their political philosophy (as I do), but it's hard to call them "monsters" or their politics "monstrous" in the context of their contemporaries, nearly all of whom were far worse.

"Only a few prefer liberty, the majority seek nothing more than fair masters" ~Gaius Sallustius Crispus (86-34 BC)

[BlackSpidy]

I find it eerie that  We've stayed between $232 and $249.30 for the last 9 days. It feels like lots might be awaiting to see what the auction's effect on the price is. I think this may be a calm before the storm. "Storm" meaning perhaps violent fluctuations...

[billyjoeallen]

23,985 BTC swaps on bfx! Why would anyone sell short when they could just sell their coins? Oh, that's right.They don't have any. Leverage is piling up on bith sides. This is gonna blow big one way or the other.

[ChartBuddy]

Coin
Explanation

[JimboToronto]

It is 50k BTC of demand satiated in a day. Not inconsequential.

But is it 50k of demand from those that would use exchanges, or from those who would buy off-exchange?

[JorgeStolfi]

Bullish! Here comes the trollion-dollar bitcoin!

[Cconvert2G36]

23,985 BTC swaps on bfx! Why would anyone sell short when they could just sell their coins? Oh, that's right.They don't have any. Leverage is piling up on bith sides. This is gonna blow big one way or the other.

USD swaps at 70,500 BTC equiv. I agree with the rest of your sentiment.

[billyjoeallen]

It is 50k BTC of demand satiated in a day. Not inconsequential.

But is it 50k of demand from those that would use exchanges, or from those who would buy off-exchange?

It's also 50k BTC of selling pressure relived in a day. It's been know for a long time and priced in.

[JorgeStolfi]

What a fucking clown. Using bitcoin as a currency for a country:
https://twitter.com/jonmatonis/status/570609094438088705

Until now I believed that Jon Matonis was one of the few sensible and realist people in the bitcon scene (even though he is a bitcoin salesman).  But that is just too naive (or insincere).  Oh well...

[Cconvert2G36]

It is 50k BTC of demand satiated in a day. Not inconsequential.

But is it 50k of demand from those that would use exchanges, or from those who would buy off-exchange?

It's also 50k BTC of selling pressure relived in a day. It's been know for a long time and priced in.

The fact that .gov has 94k btc to sell has been known, who the hell will buy them is more of an unknown. Will you help?

[JorgeStolfi]

The last 2 USMS auctions [ ... ] were won by institutional investors, not by trader kids who use online exchanges.

The first one (30'000) was indeed won by Tim Draper, who said he would use the coins in the Vaurum fund/exchange.  But the second one was won by a consortium (syndicate) of small bidders, who apparently could not afford bidding for a whole 2000 BTC block.  SecondMarket organized the syndicate but promptly distributed the coins to the individual bidders (the splitting can be seen in the blockchain).

[KryptoFoo]

Nice try with that throwback Chinese panic dump. Market giving shorts false sense of hope and dealing pain to longs with tight stops. Figures.


P.s. why today's announcement of the new bitcoin derivatives exchange is a "game changer".

http://www.cnbc.com/id/102456187

This is why the announcement of a bitcoin futures-and-options broker is so exciting. Merchants will have more options to hedge bitcoin exposure which eventually could lead to fewer merchants immediately converting to fiat

And you can expect bitpay and coinbase will be using this new service!

If you could tolerate the third party risk, why not just take your cold storage coins and double down by putting them into 1 or 2 YR futures and go long?  If youbelieve long term priceis headed up, you could increase your profit w/oputting additionalcapital at risk. Also a futures market would be a much more accurate gauge on upcoming price movements than the nearly universally terrible technical analysis from Coindesk, cryptocoin news etc.

EDIT: the above link says NOTHING about the derivates exchange. Not a launch date, not a URL, not a name. nada.

Coindesk hasn't picked this story up yet?!?

http://www.marketwatch.com/story/ex-goldman-director-launches-bitcoin-derivatives-brokerage-2015-02-25-5203121

[billyjoeallen]

What a fucking clown. Using bitcoin as a currency for a country:
https://twitter.com/jonmatonis/status/570609094438088705

Until now I believed that Jon Matonis was one of the few sensible and realist people in the bitcon scene (even though he is a bitcoin salesman).  But that is just too naive (or insincere).  Oh well...

e

So what is YOUR take on nations spending money that the unborn will have to repay? If that's not taxation w/o representation, then what is it? You think that's moral? We fought a war against the strongest empire on earth to stop that kind of tyranny.

Are you gonna make some bullshit argument that the ends justifies the means as long as they invest the loot right?