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

[natewelt]

Just sold @366 USD where are the rest of the profit takers I want to buy back for less dammit 

Damn son, where are your balls.  What are you for halloween, a bitch?

Haha seriously! Sell when the trend appears to be ending...don't get scared and sell right as things start poppin. Don't try and time the top.

[AZwarel]

375....  

i feel sad for tarmi...  

he is online  

https://bitcointalk.org/index.php?action=profile;u=81301

Is he? oh. I had him(her?) on ignore for like...ages. Only knew hes here by the quotes of you guys

Which reminds me...

[peonminer]

Someone with $100,000 USD on coinbase exchange keeps popping a sell wall from 375 to 380 rapid fire just lolling, see you guys in the morning @ $420!

[Junko]

Up, up and away!

[r0ach]

Just sold @366 USD where are the rest of the profit takers I want to buy back for less dammit 

Damn son, where are your balls.  What are you for halloween, a bitch?

Haha seriously! Sell when the trend appears to be ending...don't get scared and sell right as things start poppin. Don't try and time the top.

Probably not gonna be a crash.  Probably going to be a soft landing to entrap the shorters and force them to support price.

[ChartBuddy]

Coin

Explanation

[peonminer]

227 btc wall @ CB @ 380 lets see how bad we want 381


this is fucking ridiculous I might add, I mean,

Coin

Explanation

[AZwarel]

Just sold @366 USD where are the rest of the profit takers I want to buy back for less dammit 

Damn son, where are your balls.  What are you for halloween, a bitch?

Haha seriously! Sell when the trend appears to be ending...don't get scared and sell right as things start poppin. Don't try and time the top.

Probably not gonna be a crash.  Probably going to be a soft landing to entrap the shorters and force them to support price.

Dear r0ach :-)

Am tired of waiting. Long time (since 2013 summer) hodler/bull/coder. First thing tomorrow is buy another, alas 3 BTC with useless Central European (non EUR) fiat cash at the BTM machine (luckily it is totally anonym, only QR code address needed, i can load onto paper wallets as well :-) ) cause my bank sux, and wiring takes several days. This is happening (imagine Romney flashing gifs )!

[lyth0s]

I usually don't gamble. But my god, 20x leveraged long this shit and couldn't be happier 

[natewelt]

I usually don't gamble. But my god, 20x leveraged long this shit and couldn't be happier 

20x leverage is a joke. Nobody needs that

[lyth0s]

I usually don't gamble. But my god, 20x leveraged long this shit and couldn't be happier 

20x leverage is a joke. Nobody needs that

Unless your attempting to maximize a return. The way I figure it I'm either going to lose my entire margined amount (I won't stop before I do) or I'm going to win big on my bet. I would 30x it if I could. I wouldn't go much further than that because I *do* believe in a few single digit dollar corrections.

[natewelt]

I usually don't gamble. But my god, 20x leveraged long this shit and couldn't be happier 

20x leverage is a joke. Nobody needs that

Unless your attempting to maximize a return. The way I figure it I'm either going to lose my entire margined amount (I won't stop before I do) or I'm going to win big on my bet. I would 30x it if I could. I wouldn't go much further than that because I *do* believe in a few single digit dollar corrections.

I just don't think that much leverage is healthy. That's all.

If someone needs 20x leverage in order to make enough money to matter then they probably shouldn't be gambling 20x in the first place. Only invest in what you can afford to lose.

Now if you are just playing with small sums here because it's fun and you like trying new things be my guest...

[Patel]

$46 spread between BTC-e and Huobi 

[Frost]

$46 spread between BTC-e and Huobi 

Can someone explain this?

[BitofaN1]

$46 spread between BTC-e and Huobi 

Can someone explain this?

It's really hard to get fiat into BTC-e apparently.

[lyth0s]

I usually don't gamble. But my god, 20x leveraged long this shit and couldn't be happier 

20x leverage is a joke. Nobody needs that

Unless your attempting to maximize a return. The way I figure it I'm either going to lose my entire margined amount (I won't stop before I do) or I'm going to win big on my bet. I would 30x it if I could. I wouldn't go much further than that because I *do* believe in a few single digit dollar corrections.

I just don't think that much leverage is healthy. That's all.

If someone needs 20x leverage in order to make enough money to matter then they probably shouldn't be gambling 20x in the first place. Only invest in what you can afford to lose.

Now if you are just playing with small sums here because it's fun and you like trying new things be my guest...

My 20x leverage is a gamble. A gamble is a gamble. I consider all my gambles 100% lost and in the case that I by luck end up winning I like to see large numbers. My trading is never an "investment", my trading is always a "gamble" (I don't have a clue how to trade). I can always afford to lose the amounts I gamble

[Patel]

$46 spread between BTC-e and Huobi 

Can someone explain this?

It's really hard to get fiat into BTC-e apparently.

I don't know.. the spread wasn't even this large in Nov 2013

[billyjoeallen]

So what happens when someone is leveraged 20Xlong and the price drops 5%?  A forced liquidation, which causes the price to drop another percent or two, causing more forced liquidations and so on. A margin call cascade can cause the price to plummet in hours.  Wiped out bulls have no money left to take advantage so it just keeps dropping. 

Hell, even I can't take advantage because my giant pile of fiat is lent out. 

So when does it finally stop? When bears cover their shorts. The problem is that there aren't enough bears left.  Many of them got wiped out in the pump. 

This kind of volatility is terrible for bitcoin. Money with a wildly fluctuating value is not very useful.

[Dilla]

Bitcoin is finding its true value, which will take years. Until then, enjoy volatility. It's not going to steadily increase until Bitcoin finds its place in the world. It's going to be exponential growths and sell offs. This isn't horrible, just how things will go.

[JayJuanGee]

They've been mocking us for well over a year now!

And soon I will again!

Hahahahaha...


Yeah... you can mock us when the price drops from $4,000 to $1,600...   A lot of people will lose their shirts during that upcoming pending and nearly inevitable drop in the BTC prices.