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

[JimboToronto]

Holy moly. Went out for St. Patty's day and didn't get back until tonight.

Seems the bears were running wild while I was away.

Too bad I have to wait until morning to go and buy what I can afford.

First serious dip we've had in a while.

[KSGuy]

I rarely watch the market anymore, I just sit here and collect my coins when I can afford it.

[12345mm]

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

[WeltMaster]

Well, I only lost 15 bitcoin today...

 

[Sitarow]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

[DaRude]

If it was an attempt at squeezing longs think it's safe to say that so far it's a failure (to my surprise as well was expecting more closed longs)

[WeltMaster]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin


https://www.okcoin.com/future/blastingRecord.do

I feel like I was just a drop in the ocean today..

[abercrombie]

is crypto done?  

[dreamspark]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

[Cconvert2G36]

is crypto done?  

[Chef Ramsay]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Dude, the margin call is nasty as you've seen. Stop playing that game and trading when the vipers are typically on the other end of the game. Just buy and hold with your expendables and wait til the market comes back up instead of setting yourself up to get crunched. My God... Don't be afraid to take a minimal loss but manually sell when things get too underwater for you on your own. This is the double loss playing the trading game on the long or short that all relaxed players should chill on.

Now, you're gonna see the wrath of the trolls. I've seen this play out before and never would open myself up to this unfolding on my face like that. The vast majority of traders (like 66%+) will get nailed, that's why people should just take their stance and let it ride w/ a short stop loss in a mental fashion.

[Sitarow]

[DaRude]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.

[WeltMaster]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Dude, the margin call is nasty as you've seen. Stop playing that game and trading when the vipers are typically on the other end of the game. Just buy and hold with your expendables and wait til the market comes back up instead of setting yourself up to get crunched. My God... Don't be afraid to take a minimal loss but manually sell when things get too underwater for you on your own. This is the double loss playing the trading game on the long or short that all relaxed players should chill on.

Now, you're gonna see the wrath of the trolls. I've seen this play out before and never would open myself up to this unfolding on my face like that. The vast majority of traders (like 66%+) will get nailed, that's why people should just take their stance and let it ride w/ a short stop loss in a mental fashion.

Yeah you're right, I'm all out of margin now. Moving to storage and taking a break for a while, good luck and happy trading everyone

[dreamspark]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.

Everyone on okcoin futures will be margin called if the market moves 15% against you. Even at 10x.

Don't you lot understand how bad it is that there are as many longs now as there were when this drop started.

[DaRude]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.

Everyone on okcoin futures will be margin called if the market moves 15% against you. Even at 10x.

Don't you lot understand how bad it is that there are as many longs now as there were when this drop started.

Not familiar with okcoin was going by finex. Believe they require 30% to open and 15% to margin call minimum. Honestly I am a perplexed why more didn't close. On one side it's good as they have fatter margins hoping for more mature traders who know what they're doing but on the other side there's still potential of them getting squeezed causing a domino effect

[ChartBuddy]

Coin
Explanation

[YourMother]

I finally decided on what yacht to buy..

This is it:



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