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

[Richy_T]

430

[yefi]

I started shorting @ $399 and kept shorting the whole way up.  I could have shorted twice as much, but after covering @$380, I know have enough to safely short Three times as much if we come anywhere close to $420 again.  I also transferred in some coins I was using for arbitrage just so I have some extra margin.

Try it again, Bulls. I double dare you.  See if I'm bluffing.   

(To give the above man credit, his was an act of humility.)

[Wolf Rainer]

430

[SheHadMANHands]

this may turn into the fomo of the century..   

[YourMother]

Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.

Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.

Can't do much

[coinableS]

this may turn into the fomo of the century..   

With the greater awareness there is about bitcoin this go around I think you could be very right. I thought we were going to go sideways in the mid 300's... wasn't expecting such a huge breakout.

[celes8]

Orderbooks everywhere look so thin.


Can anyone who traded in 2013 talk to us about how they looked during the run-up?


I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?

[peonminer]

[lyth0s]

Yeah my leveraged 20x long is making crazy profit right now. I cashed out 20% of it to keep me well in the green even if the other 80% gets eaten up on some out-of-the-woodwork selloff. This run up is sparking old memories

I have to go take care of some business for a few hours, but try to hit $480 before I return, okay guys?  

[Richy_T]

Orderbooks everywhere look so thin.


Can anyone who traded in 2013 talk to us about how they looked during the run-up?


I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?

I could dig out a Gox orderbook. Give me a date and approximate time.

[I_bitcoin]

Just realized this could be a lot of work if I kept up.   Ain't gonna doit.

[DieJohnny]

this may turn into the fomo of the century..   

Too many ways to get cash into the market compared to 2013..... watch greed take over 3....2....1........ everyone expects return to 1200 very quickly.....everyone

[Cconvert2G36]

Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.

Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.

Can't do much

You just call it "my altcoin"?  

[spooderman]

Orderbooks everywhere look so thin.


Can anyone who traded in 2013 talk to us about how they looked during the run-up?


I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?

it feels exactly like it did in february 2013. what happened afterwards seemed batshit insane, then it fell back majorly. people blame gox's engine for that, but it was way overbought anyway. if it hadn't been gox, it would have been something else. bubbles pop very easily.

main lesson in 2013 was, if you sold you got hurt bad unless you were one lucky mofo.

sorry it's hard to be of much help, but this is new territory for all of us. no one knows what's going to happen apart from the guy with enough money to bend the market to his will.

[abercrombie]

are we rich yet??  

[peonminer]

Yeah my leveraged 20x long is making crazy profit right now. I cashed out 20% of it to keep me well in the green even if the other 80% gets eaten up on some out-of-the-woodwork selloff. This run up is sparking old memories

I have to go take care of some business for a few hours, but try to hit $480 before I return, okay guys? 

Where are you able to leverage 20x?

[noobtrader]

Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.

Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.

Can't do much

yay you are moronero...

your impotent dev, love to troll and terror other coin ann instead of developing your coin. ha... cant even launch proper gui-wallet after 1 year.

i hope you enjoy your coin now...  moronero  

[spooderman]

Orderbooks everywhere look so thin.


Can anyone who traded in 2013 talk to us about how they looked during the run-up?


I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?

I could dig out a Gox orderbook. Give me a date and approximate time.

please do, start a thread i'd be interested in comparing

[Chainsaw]

Orderbooks everywhere look so thin.


Can anyone who traded in 2013 talk to us about how they looked during the run-up?


I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?

This feels very similar. High volume, thin order book. Main difference is that the exchanges are keeping up this time around, and I won't be watching for DDOSes as warning signs of flash crashes.

[JorgeStolfi]

Well, I did learn *a lot* of interesting and useful things from the bitcoin project, much of it from this thread.  I don't know whether it was worth the investment; but one never knows, even afterwards, what will pay out and what will turn out to have been wasted...

Given that you are a professor in the computing field, I think this falls within your remit.

Yeah, I could say that if someone wanted me to account for the time I spend on it.

Though you are a bit more hands-on than one might expect

Actually, most of what I learned by watching bitcoin was not about computing, but about other things.  Two years ago I did not know about order books, spreads, arbitrage, TA, ETF.  I had only a vague idea of what libertarianism was about, and never heard the terms "ancap", "fiat", "gold bug", "day trader".  I learned about the money velocity equation and why a good currency must be inflationary.  And much more.

One important thing I learned is the rule "past prices do not affect future prices".  Actually I first had to read tons of posts that claimed 1000% growth per year guaranteed, backed by straight red lines on exponential price charts. (Remember those?  I haven't seen many of them in the last year...).  Only to learn, by reading and by experiment, that they were basically all bogus.  Trends in ordinary stocks may be meaningful, if they are tied to slow-varying physical phenomena liek consumer demand and overall economic activity.  For purely speculative assets, like gold and bitcoin, trends are at best useful only for describing the past, but mostly useless for predicting the future.  The only model that seems to work is the "log-Brownian" model, that says that the price at any date in the future is the price today, plus or minus a random (unpredictable) relative change.