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

[12345mm]

You french fried when you should have pizza'd ... If you french fry when you should pizza, you're gonna have a bad time ...

*i don't touch leverage or long/short ... i just paper trade raw coin ... no guts no glory but ... i can sleep at night so ... that's good ...

[1714112990]

1714112990

[1714112990]

1714112990

[1714112990]

1714112990

[1714112990]

1714112990

[1714112990]

1714112990

[Cconvert2G36]

So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.   

[hyphymikey]

If you leveraged long when you should have leverage shorted..you're gonna have a bad time.

By all means, please short right now. Need more shorts before they get squeezed... Again.

[Cconvert2G36]

So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.   

keep dreaming, this market is flatter than a pancake.

That's the defining characteristic of the bitcoin market lately, flat as a pancake with a chance of stop hunting whale splash.

[BTCtrader71]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

2 bucks a day and we can do >500 easy

You've given me an idea:

Someone should use Ethereum to create a pump n dump. Anyone who wants to participate sends bitcoin to a prespecified address. Once a threshold number of bitcoin are accumulated, Ethereum executes the pump n dump and disburses the profits accordingly. If the threshold is not met by a specified time, the bitcoins are returned to the investors. All of this is executed in fully transparent and trustless fashion by the magic of Ethereum.

Billyjoeallen, I nominate you to design the pump n dump strategy. 

[12345mm]

what exactly does paper trading raw coin mean?

oh ... yeah ... that's an old term i guess ... paper trading vs leverage trading ... that just means using paper money aka real money (without using borrowed money) to buy and sell actual bitcoins (as opposed to buying/selling long and short contracts , which are functionally derivatives) ... it means i am working with money i've actually got , and not taking anywhere near the risk inherent to making use of 10x 20x 50x leverage positions (price goes up or down $1 , I make/lose $1 X # of bitcoins i actually have , as opposed to making/losing $10 $20 or $50 X # of borrowed coins/cash + owed interest ...)

[ChartBuddy]

Coin
Explanation

[12345mm]

yeah ... more than 1 way to skin a cat and all ... really it's basically just "simple" trading you and me are doing ... that leverage / borrowed / long short shit is higher risk higher reward ... i've personally never been comfortable with debt/leverage of any sort (which works out nicely for real world things ... 0 student debt , own my house , own my car , etc) ... good luck to you out there ...

[Cconvert2G36]

I noticed http://www.otcmarkets.com/stock/GBTC/quote went from OTXPink to OTXQX this time and isn't hiding the bids with latest $31.50.

Level II bids are showing up. Each lot is 100 shares, each share is 1/10th of a bitcoin. Looks like 7450 btc worth of bids at $310/btc or above. This is obviously open to abrupt change when it actually goes live.

[macsga]

Good morning Gents.

I'm not into charting, but I decided to play a little with the one Adam has provided here:

http://bitcoincharts.com/charts/bitstampUSD#rg1460zigWeeklyztgSzm1g10zm2g25zvzl

It seems to me -if we hypothesize that a pattern is being followed- we're en route for a month of "stable" prices. Anyone else sees what I'm seeing? 

[ChartBuddy]

Coin
Explanation

[galdur]

[ChartBuddy]

Coin
Explanation

[Wary]

Moved. Up. Reached 250. Unbelievable!

[JimboToronto]

Pleasant little rise and this place is like a ghost town.

If it dips by $2 we'll be over-run with trolls.

 

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

Pleasant little rise and this place is like a ghost town.

If it dips by $2 we'll be over-run with trolls.

 

Bulls are likely shell-shocked.

[Ezmoneyezlife]

Hey, bulls, go place more longs, chinese pied piper is giving you precious wash volume, they're gonna sqeeze your longs a lil bit later, dont miss the chance to get rekt once again m8s.Those well known chinese wash volume bulltraps are so hilarious actually.

[macsga]

It's seems China is at it... again.

http://www.coindesk.com/hong-kong-bitcoin-legislation-not-necessary/

Code:

Hong Kong Official: Bitcoin Legislation Not Necessary
Stan Higgins | Published on March 25, 2015 at 20:50 GMT


Hong Kong Legislative Council	

A senior Hong Kong official has indicated that the government does not see 
a need for legislation that would regulate or ban bitcoin activities.

The statement by Secretary for Financial Services and the Treasury Professor 
KC Chan comes in response to a question submitted during a meeting of the 
Legislative Council of Hong Kong by council member Leung Yiu-chung.

[madmat]

Some shorts are going to get burnt. DRK are being sold to buy BTC!!!

To the moon!!!