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

[Ask Ken About Love]

"batshit crazy Bitcoin cultist" is too long.

Like "batshit crazy Bitcoin hater"?

I doubt that there are too many people who actually hate Bitcoin as a concept.  That would, indeed, be crazy--like hating the number 27, or Special Relativity.  I also doubt too many manage to hate Bitcoiners, i.e. "batshit crazy Bitcoin cultists."  That's like hating people with bad personal hygiene--I might not enjoy being in close proximity to them, like in an elevator or a checkout line, but hate?  Nah.

Now, finding Bitcoiners to be an excellent source of guileless, childlike laughter?  Count me in

[inca]

If you want a very good read:

http://www.ofnumbers.com/wp-content/uploads/2015/04/Permissioned-distributed-ledgers.pdf



Reflects my view that distributed ledgers/consensus systems are part of the future.
Cryptocurrencies or 100% decentralized blockchains that depend on reward tokens like bitcoin, not so much  

Why you here then wanderer.

Because bitcoin is a part of the process, a necessary step  


No but seriously, it's a very good read  

ill read it tomorrow in the gym

[tarmi]

one more thing about those absolute ATH calls and numbers for shorts and longs.

yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)

25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.

...


now I will leave you bulls to think about that a little bit.

[Fatman3001]

This is a strange time for shorters to double down. If we`ve got whales munching up cheap coins, wouldn`t it make sense for them to suppress the price and just let it bounce when they`re finished? (I know, wishful thinking. But still...)

[Shatoshi]

You ready to dump yet Tarmi?  I need you to slam the price down with your bearwhale dick.  

[dropt]

You ready to dump yet Tarmi?  I need you to slam the price down with your bearwhale dick.  

  LOL tarmi doesn't have any money OR coins.

[ChartBuddy]

Coin
Explanation

[JimboToronto]

You ready to dump yet Tarmi?  I need you to slam the price down with your bearwhale dick.  

Get real. Bearwhales are dickless.

[JimboToronto]

You ready to dump yet Tarmi?  I need you to slam the price down with your bearwhale dick.  

  LOL tarmi doesn't have any money OR coins.

That's why he's a bear.

[inca]

one more thing about those absolute ATH calls and numbers for shorts and longs.

yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)

25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.

...


now I will leave you bulls to think about that a little bit.

Well considering that 14 million failed to cover even in 'the great crash' down to 160 i'm not sure how important that is.

There has always been a large disparity between the size of the long and short positions. the only way i can explain this is that shorting a commodity that can shoot up like bitcoin and is in limited supply is very risky, and, it is possible to go long with btc only on finex. So presumably large holders, early adopters can put down huge numbers of btc and go long without fear of ever being margin called significantly.

The other thing is a lot of the shorts are underwater and 12-13,500 were opened below 300. So the shorts have little room left. 11 million usd longs have opened all the way from 160 upwards in contrast.

Should be a titanic battle, and if the longs are successful it will definitively end the bear market keeping bitcoin down.

[JorgeStolfi]

Get real. Bearwhales are dickless.

https://commons.wikimedia.org/wiki/File:Icelandic_Phallological_Museum_May_2012.jpg

[Meuh6879]

probable crisis would be at the level of the 1 QE of eurozone, US or BoJ = 1000 Milliards of USD.
so ... bitcoin = 14 millions = 72 000 USD per BTC

  time to solve the economy problem, guys (and girls).

[criptix]

looking at bfx, shorters gonna get rekt really hard soon.

[JimboToronto]

Get real. Bearwhales are dickless.

https://commons.wikimedia.org/wiki/File:Icelandic_Phallological_Museum_May_2012.jpg

I believe that belongs to this gentleman.



 

[aminorex]

Monkey thinks it takes another upstep from here, right about now, on a scale up to 30 minutes, target 255.86.
On a scale of hours, he thinks it's going downish, target 253.97.
By morning he thinks it can touch 260.27.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[ThatDGuy]

Ready for some price movement!

[damiano]

It's a battle of leveraged positions.

[EpStROM]

Ready for some price movement!

Up or down?