oda.krell
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March 10, 2015, 11:24:29 PM |
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all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers. I am cool well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull. and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume. Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges. "Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) * Yes, I like my metaphors mixed, not stirred ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange. If it sounded like I'm anti Bitfinex or anti OKC/BTCChina... I am not. Don't think they're more likely to run fractional reserve than Stamp, for instance. My point was really just about what I think is a qualitative difference between one kind of volume and the other. In a way, I think the people on the "traders/bots exchanges" occasionally glance at what's going on at the "grandma exchanges" as a way to gauge what "outside money" is doing. At least, that's my explanation why Bitfinex (and to a lesser degree, Bitstamp) still have an impact on the market, despite the substantially higher volume on the CNY exchanges.
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12345mm
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March 10, 2015, 11:27:32 PM |
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I crashed, I burned But then I learned To keep my eye on you You always say You'll lead the way But then you never do
I slowed, I swerved But lost my nerve And quickly looked away When I looked back The day was black Then I heard you say
Why is the sun hot? Why does it rain? Why is there danger and Why is there pain? Why can't the burden we carry go away And why isn't it Friday today?
Your lack of trust Is hardly just So do as you've been told Please follow me Into the sea Don't worry if it's cold
I knew right then My chance again Would quickly slip away I crash I cry I burn but I Still follow anyway
Why is the sea cool? Why is it blue? Why do I stay here? Why is it you? Notice the danger but don't help in any way Why isn't it Friday today?
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damiano
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103 days, 21 hours and 10 minutes.
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March 10, 2015, 11:29:38 PM |
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all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers. I am cool well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull. and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume. Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges. "Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) * Yes, I like my metaphors mixed, not stirred ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange. Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation. Did they ever buy back those 17k? I haven't been following them
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LFC_Bitcoin
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March 10, 2015, 11:32:29 PM |
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What's the general consensus on the next move? Up Down Sideways ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ??
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Fatman3001
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March 10, 2015, 11:34:53 PM |
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What's the general consensus on the next move? Up Down Sideways ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? Sidewaysish until exchanges get more fiat, then up.
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Sitarow
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March 10, 2015, 11:35:02 PM Last edit: March 10, 2015, 11:49:47 PM by Sitarow |
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7:45PM EST ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6ik9JRdl.png&t=665&c=NzHdYerBL4WWEQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZB8YrZnl.png&t=665&c=DhV-BRZR4jTlCw)
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derpinheimer
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March 10, 2015, 11:38:52 PM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
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Sitarow
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March 10, 2015, 11:40:25 PM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F0irnptw.gif&t=665&c=eAs8OyHLIMu1UQ)
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inca
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March 10, 2015, 11:47:58 PM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
Is all the USD in long positions or simply reserved?
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Morecoin Freeman
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March 10, 2015, 11:53:59 PM |
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I'd say we go down $300 was the top. Also most profitable direction for the whales since there will be more margin calls to trigger than in the other direction.
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derpinheimer
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March 10, 2015, 11:54:34 PM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
Is all the USD in long positions or simply reserved? Dont know.. probably reserved now that you mention it.
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ChartBuddy
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March 10, 2015, 11:59:18 PM |
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Fatman3001
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March 11, 2015, 12:08:21 AM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
Is all the USD in long positions or simply reserved? Dont know.. probably reserved now that you mention it. Thought finex had started publishing whether they were just reserved or not.
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0x3d
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March 11, 2015, 12:12:20 AM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
Is all the USD in long positions or simply reserved? Dont know.. probably reserved now that you mention it. Seems BFX recently added a column on their stats-page called "Total amount used in margin positions". Right now lowest available swap is a whopping 0.3% while stats look like this: Currency Flash Return Rate (*) Average Variable Rate on TRS (**) Total sum of active swaps Total amount used in margin positions USD 0.1047% 0.0374% 20,812,097.42 USD 20,393,559.40 USD 20.3 out of 20.8 mios used in open positions, so it's exactly the opposite: almost nothing is reserved (which seems like a silly and expensive idea anyways given how static the rates were these past few months). However, swaps almost all used up to me suggests a top or at least some days of choppy sideways action. Bitstamp's huge wall keeping us down as well... I smell a weekend rallye, 361.53 before Monday ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Sitarow
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March 11, 2015, 12:23:00 AM |
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Simple profit taking? Make it quick ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1SXqOkm.gif&t=665&c=bGqc-G1PfdXSEA)
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LFC_Bitcoin
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March 11, 2015, 12:24:08 AM |
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Got a feeling I'll wake up tomorrow morning to see sub 290.
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moffer5
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March 11, 2015, 12:25:23 AM |
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Simple profit taking? Make it quick ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There's certainly a bit of a dump going on right now on Bitfinex.
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damiano
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103 days, 21 hours and 10 minutes.
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March 11, 2015, 12:29:06 AM |
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People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
If price doesn't start to go up soon then they will most likely close the positions. The % is to high to justify the loan rate for a declining/sideways price.
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Sitarow
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March 11, 2015, 12:29:24 AM |
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Simple profit taking? Make it quick ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There's certainly a bit of a dump going on right now on Bitfinex. I don't call that a dump low volume. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FdRH2wG6l.png&t=665&c=FBcEZk0JjePs9w) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1ofP5NHl.png&t=665&c=rn3RwyxHkD3FWQ)
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HalFinneysBrain
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March 11, 2015, 12:33:27 AM |
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The dump has come today, and shorts have covered a lot, but it looks like the reason why the price held up well is that longs leveraged up heavily. It is worrying for the short term. I much prefer to see the shorts in the heavily overextended position.
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