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

[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.

[Cconvert2G36]

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?

2013 was an entirely different world... but I am getting very distinct flashbacks. China leading this hard is new. And that bucketshop being run off mark's laptop is gone now.

The ease and legitimacy of "getting in" is about 10x greater... To be honest, I'm a little scared by the way things are going.

[coinableS]

I am officially happy, as the bears have been fucked for the first time in nearly two years.



Look at the huge uptick on the 29th where bears(or a bear whale) shorted at $320. A very similar move in the opposite direction happened earlier today. Looks to me like a certain bear whale just got pwned by the mega bull rally.  

[2015Bubble]

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?

2013 was an entirely different world... but I am getting very distinct flashbacks. China leading this hard is new. And that bucketshop being run off mark's laptop is gone now.

The ease and legitimacy of "getting in" is about 10x greater... To be honest, I'm a little scared by the way things are going.

Yes me to what do we have to do with all that money?

(srs..)

[ImI]

its a very calming thought that karpeles hasnt got his fingers anywhere in this anymore

[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?

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

a day like nov 20th 2013 when it was up +20%

[gentlemand]

Yes me to what do we have to do with all that money?

(srs..)

Etch all your forum posts in zinc tablets and then hollow out a mountain and store them in there so they will last for all eternity. If it was good enough for L Ron Hubbard it's good enough for you.

[dropt]

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?

In 2013 during the run up the bid side was like a sliver.  It just stretched out with the smallest decline towards the ask side.  The ask side took all shapes and sizes, but that little sliver of the bid side kept chewing away the asks.

[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?

In 2013 during the run up the bid side was like a sliver.  It just stretched out with the smallest decline towards the ask side.  The ask side took all shapes and sizes, but that little sliver of the bid side kept chewing away the asks.

so a lot of people were just market buying constantly




edit: okcoin just touched 2890

[spiderbrain]

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?

2013 looked similar. 3500 coins to $1000

That said we're probably due a little "first sell off" around now.

[gentlemand]

so a lot of people were just market buying constantly

And Mark Karpeles's little electronic friend. This could be the first rally without him there to ruin it for everyone.

[ImI]

so a lot of people were just market buying constantly

And Mark Karpeles's little electronic friend. This could be the first rally without him there to ruin it for everyone.

RIP Willy 

[Cconvert2G36]

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?

2013 looked similar. 3500 coins to $1000

That said we're probably due a little "first sell off" around now.

We had that earlier today with a 10% hit. They just keep getting rejected too fast. It feels like this thing has started feeding on itself... and at that point you just kinda clutch on. When it tops and rolls... you'll know it, it'll fall 40% or something and then you sell the dead cat bounce at 20% below the top.

[bassclef]

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? 

It's ridiculous. I'm fully ready for this to come crashing down in dramatic fashion but I remember 2013's rally and how the price just relentlessly marched upwards.

I bought a bunch of 12/25 quarterly contracts in the $300s on 20x. Going to be a good Christmas if this rally recaptures some of the bear market losses. I normally don't go over 10x but I thought what the hell, the risk/reward is worth it.

[dropt]

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?

In 2013 during the run up the bid side was like a sliver.  It just stretched out with the smallest decline towards the ask side.  The ask side took all shapes and sizes, but that little sliver of the bid side kept chewing away the asks.

so a lot of people were just market buying constantly




edit: okcoin just touched 2890

From what I recall, yes.  You can look at historical charts if you want to go through the effort.  It was really amazing.  Unfortunately I'm away from home for work or I'd post a screenshot I took when we were hitting ATH around $700s.