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

[Chainsaw]

The GBTC market closed at 50 dollars per share with volume of 2756 shares (less than 275 bitcoins).



The volume was lower than Thursday's 2844. It remains to be seen if Friday's high volume was an anomaly.

Bad trader - thanks for this. I copied this over to the $GBTC Speculation thread. Let me know if you'd like me to remove attribution.

[inca]

1d stoch high as f***, expect dump after another bull fail.

3d storch either. This ridiculous bulltrap is based on nothing but gbtc which is being "traded" by owners of that scam project to themselves mostly. There will be atleast double bottom at ~160$ once next auction's date will be announced. Market makers won't miss the last chance to fuck longs before the reversal.

Is that what happened after the last auction?

[ChartBuddy]

Coin
Explanation

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

[bad trader]

Bad trader - thanks for this. I copied this over to the $GBTC Speculation thread. Let me know if you'd like me to remove attribution.

No problem.

[derpinheimer]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

[Rocky X]

I wouldn't call that bull trap but we need to see 250-260 range first. At the time Bitcoin was 243$.

[inca]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

[ImI]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

define "shitload". most bears here start sucking nuckels with 5-digits wins and think its the best shot. its obv a matter of discussion but imo "shitload" of money starts 100.000+

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

define "shitload". most bears here start sucking nuckels with 5-digits wins and think its the best shot. its obv a matter of discussion but imo "shitload" of money starts 100.000+

good than we got the same understanding, but sorry mate, I am not discussing personal finances in a public forum

[ChartBuddy]

Coin
Explanation

[Feri22]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

just have a look when I registered and at my post history... should give a hint

[rolling]

If you're counting profits in fiat, you're not doing it right.

[hyphymikey]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

just have a look when I registered and at my post history... should give a hint

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

just have a look when I registered and at my post history... should give a hint

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

repeating myself... look at my post history and dont speculate. Yes I am short and I would love if I could talk the market down. And yes, I would love to pick up some cheap coins, but we are not near the double digit range, yet....

[bassclef]

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

Being short 80% from all time highs is the riskier trade. That's why not very many people are doing it now. There's an off-chance that we'll see $200 again, but taking risks like that is how you blow up your trading account.

[BayAreaCoins]

Not as good of a Monday as I would have hoped for... I think we down trend for a bit this evening.

Shit was getting absorbed pretty well in the high $230's anyways.