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

[uhoh]

Tree hundred today

[sAt0sHiFanClub]

Tree hundred today

Tree Fiddy?

[uhoh]

Tree hundred today

Tree Fiddy?

Nah, that's next week

[gizmoh]

If you want a good laugh   

Shocking interview! - In the mind of an altcoin developer

https://www.youtube.com/watch?v=cIasr2AiyZ0

[Frost]

I don't think we will see 300 today. The market looks so bored anyhow. I wish there would be some more action, no matter in which direction.

[oda.krell]

Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.

1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.

The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.

You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.


*) except third party risk.

I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.

What exactly are you looking at, OKC futures? Didn't know they have 6 month contracts :/

[heartastack]

If you want a good laugh   

Shocking interview! - In the mind of an altcoin developer

https://www.youtube.com/watch?v=cIasr2AiyZ0

lol pretty funny, but 13k views... people are interested in altcoins...
Make no mistake, they're getting bigger, better and connected.

[Ezmoneyezlife]

Its so simple to detect such wash volume pumps - they "bought" ~6k coins on okgox within 15 minutes (wash volume bots), but look at buy support there: ~700 btc to fall lower then pre pump level. Wise taders has figured out that shitty chinese scheme long ago, this week we're gonna see 200$ retest due to Storch RSI being in highly overbough zone.

Sure if you look at bid support it might look low.  But bid support on okcoin isn't always on the books.  One nice thing is that okcoin has a ton of algo orders like TWAP and Iceberg that buys in small amounts.

Yes, its called wash volume due to bots usage, ask yourself, why someone should by such large amounts of btc instantly on  okgox pushing the price while he can buy 1/3 on okgox, 1/3 on goxobi and 1/3 on btcchina instead? They always use okgox/goxobi wash volume bots to pump a price to the resistance levels before a dump, it wont go above 1760 cny, the only goal of such fakeouts is to force other exchanges to cancel shorts/place more fat buy support before they dump. Same scheme over and over again.

Chinese pied piper command to his lemmings to place buy orders to let him dump later. Wash cinese volume ftw. Follow your ruler, lemmings, dont think.

[ChartBuddy]

Coin
Explanation

[Erdogan]

Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.

1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.

The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.

You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.


*) except third party risk.

I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.

What exactly are you looking at, OKC futures? Didn't know they have 6 month contracts :/

cryptofacilities.com, 6 month forward.

[ErisDiscordia]

Bitcoin difficulty: UP
Bitcoin price: UP
Sun: OUT
Winter: OVER

Anyone else happy as fuck???

(I am aware that some of you may be from different geographical locations where winter is in fact, just starting and the bitcoin price is DOWN, but still).

I feel the same. Fuck off, winter.

[oda.krell]

[...]

cryptofacilities.com, 6 month forward.

Thanks. Didn't even know they exist. Looks good (but, well, volume...)

[picolo]

Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.

1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.

The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.

You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.


*) except third party risk.

I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.

What exactly are you looking at, OKC futures? Didn't know they have 6 month contracts :/

It is weird they only have 1, 2 and 3 weeks contracts and they cost more than the spot price I wonder why

[Erdogan]

Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.

1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.

The reason is that the forwards are 20 % USD higher than spot, indicating an expected rise, in aggregate, by the market.

You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.


*) except third party risk.

I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.

What exactly are you looking at, OKC futures? Didn't know they have 6 month contracts :/

It is weird they only have 1, 2 and 3 weeks contracts and they cost more than the spot price I wonder why

Corrected bug above. It is cryptofacilities.com.

The market believes the future prices will be higher, some are willing to guarantee to buy at a 20 USD higher price at that point.

[ChartBuddy]

Coin
Explanation

[Norway]

Tree hundred today

Tree Fiddy?

https://www.youtube.com/watch?v=T7q6neTCslM

[sAt0sHiFanClub]

Tree hundred today

Tree Fiddy?

https://www.youtube.com/watch?v=T7q6neTCslM

 

Well that's it. I've had enough of this wild speculation, gambling and blind belief in insider tips...

So I'm off to Cheltenham this afternoon for 3 days!! 

(please don't go to the moon until i'm back....)
 

[NotLambchop]

Good morning, gentlemen.  Still at it I see?

[ChartBuddy]

Coin
Explanation

[Afrikoin]

Bullish?