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

[molecular]

310-320 = resistance

I would be ok with that. Important is not to drop significantly.

i like that we are not in panicbuying-mode yet. slow and steady looks good so far.

if there is no panic buying, then why am I getting 0.09% DAILY interest on my fiat at BFX?

Let's see.. Last 24 Change: +3.08%

That's more than 0.09% interest. Better keep your holdings in BTC. 

Early adopters like me keep the vast majority of our coins in cold storage. It's only my trading stash that's in fiat. 

That's how I used to do it (what seems like) ages ago: keep USD on exchange and lend it out.

Nowadays, to reduce exchange risk, I keep less on the exchange and just go short on leverage.

The psychology sucks (you're looking at a position that's constantly in the red instead of repeated green interest payments), but it's the same thing (minus some interest I pay on BTC swaps and some opportunity cost on USD interest that more than makes up the exchange risk imo).

It's not an either or thing. i keep the terms of my loans short so I can use the funds myself if the situation warrants. Basically, I never leverage long until just AFTER a long squeeze and never leverage short until just after s a short squeeze. As these events are often separated by months, I gain interest in the mean time. 

I also keep a few BTC handy for arbitrage, but that doesn't matter if the price is going up or down. Going down I save of the rebuy. Going up I make money on the sale.  This trade doesn't scale so I don't need much. 

Makes sense.

Essentially I was just saying that personally I prefer to withdraw coins instead of gaining interest.

[ChartBuddy]

Coin

Explanation

[yolalanda]

Bulls. Bit off more than you could chew? Try, try again!

[Fatman3001]

  "Leave Bitcoin alone!!!!"

[yolalanda]

^^
http://i1.kym-cdn.com/photos/images/newsfeed/000/378/978/0ed.jpg

Haven't you stolen enough from the world's dumbest, poorest and most desperate already?

[Dilla]

Everything's fine. The battle for 2000+ CNY will resume in about 7-8 hours

[chennan]

Well I say if we fall below $285 then this could potentially be bad... but if it hits $290 and holds and continues to rise then maybe it's even more of a sign that this is in fact a healthy growth of bitcoin and it's just the market correcting itself for the mean time..

[yolalanda]

Everything's fine. The battle for 2000+ CNY will resume in about 7-8 hours

Sure.
http://s2.postimg.org/8ezbu6ynt/lucky.gif

... this is in fact a healthy growth of bitcoin and it's just the market correcting itself for the mean time..

That knee-slapper just never gets old

[Globb0]

[koryu]

lets wait for the fed decision and see if btc price is affected

[yolalanda]

lets wait for the fed decision and see if btc price is affected

What does the Fed have to do with putting bit-coiners in jail for 4 years?!
(Which has just been confirmed)

[Dilla]

lets wait for the fed decision and see if btc price is affected

What does the Fed have to do with putting bit-coiners in jail for 4 years?!
(Which has just been confirmed)

Get a fucking life dude

[LFC_Bitcoin]

lets wait for the fed decision and see if btc price is affected

What does the Fed have to do with putting bit-coiners in jail for 4 years?!
(Which has just been confirmed)

Lambie do you own any bitcoin(s) - No hidden agenda here, just a genuine question?

[JimboToronto]

---

Get a fucking life dude

[yolalanda]

lets wait for the fed decision and see if btc price is affected

What does the Fed have to do with putting bit-coiners in jail for 4 years?!
(Which has just been confirmed)

Lambie do you own any bitcoin(s) - No hidden agenda here, just a genuine question?

Who is lambie, and why would I own any bit coins? Who is paying you to entrap me?

[ChartBuddy]

Coin

Explanation

[LFC_Bitcoin]

@yolalanda

Maybe I thought you were somebody else, a returning perma banned poster on a new account, apologies.

[gentlemand]

@yolalanda

Maybe I thought you were somebody else, a returning perma banned poster on a new account, apologies.

Eh? Check its posting history. There's even one of those interminable Chinese illustrations in there.

[inca]

Price still around 300.

Tarmi no doubt shorted at 307.

Troll boring the hell out of everyone.

http://bitco.in/forum for those who haven't left already

[koryu]

lets wait for the fed decision and see if btc price is affected

What fed decision?

they wanted to increase the rate today but they most likely won't. gold is going up usd down.