Fatman3001
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Make Bitcoin glow with ENIAC
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November 08, 2015, 03:55:53 PM |
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That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here. Do we not also have leveraged long trades now too lol? I'm not understanding this point at all.
With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense? EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...You would have a point if the currently available leverage would be 1:1 in either direction, but that's not the case. During the pre-leverage era, "long" meant 1:1 (i.e. non leveraged buying and selling), and a symmetric operation i.e. "shorting" was simply impossible (on the dominant exchange, that is). Today, the market offers 20:1 leverage in either directions (futures on OKC, iirc), i.e. from 1:1 to 20:1 for longs, and from na to 20:1 for shorts. That's a lot less 'bearish' impact than the change you seem to describe, where longs stayed the same, and only shorts went from nothing to 1:1. I think the very fact that there is shorting at all is more significant than just being one more number on the road to 20x leverage. On the other hand, with easily available shorting opportunities buyers should be confident that the price reflects genuine interest at least.
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TReano
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November 08, 2015, 04:00:09 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
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ChartBuddy
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November 08, 2015, 04:01:27 PM |
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makeacake
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November 08, 2015, 04:27:28 PM |
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^No need to rub it in, ChartBuddy. They know what they've done
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MatTheCat
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November 08, 2015, 04:41:16 PM |
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^No need to rub it in, ChartBuddy. They know what they've done pfft..big scary walls around the spot price at 'critical points' are more often than not, erected to be devoured, no doubt by the very same people who put them there to begin with.... ....Just watch.
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ChartBuddy
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November 08, 2015, 05:01:18 PM |
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julian071
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November 08, 2015, 05:06:23 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long.
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8up
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November 08, 2015, 05:08:59 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long. why so impatient?
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TReano
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November 08, 2015, 05:11:11 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long. why so impatient? because thats what most bitcoin people are... Posting rockets all the way down and fomo buying at the top because moon...
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makeacake
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November 08, 2015, 05:17:07 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long. why so impatient? because thats what most bitcoin people are... Posting rockets all the way down and fomo buying at the top because moon... Totally not true. Bitcoiners are sophisticated, savvy investors who can teach us all a thing or two about finance. How about you STFU, huh? I'm not done fleecing the rubes yet.
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aztecminer
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November 08, 2015, 05:17:33 PM |
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four days sideways bubble pumped ?? about to go to new highs next week ?? or what ??
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Fatman3001
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November 08, 2015, 05:19:45 PM |
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^No need to rub it in, ChartBuddy. They know what they've done pfft..big scary walls around the spot price at 'critical points' are more often than not, erected to be devoured, no doubt by the very same people who put them there to begin with.... ....Just watch. The same wall that's been here for the last 4-5 months? Sure, but he might be aiming higher than $385.
four days sideways bubble pumped ?? about to go to new highs next week ?? or what ??
Bitcoin came back to make right what was wronged. Jump on the choo choo!
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Meuh6879
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November 08, 2015, 05:21:04 PM |
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Fuck it I'm going long.
yep, you can think ... but AFTER the halving.
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Hyperjacked
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It's all mathematics...!
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November 08, 2015, 05:23:19 PM |
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^No need to rub it in, ChartBuddy. They know what they've done pfft..big scary walls around the spot price at 'critical points' are more often than not, erected to be devoured, no doubt by the very same people who put them there to begin with.... ....Just watch. The same wall that's been here for the last 4-5 months? Sure, but he might be aiming higher than $385.
four days sideways bubble pumped ?? about to go to new highs next week ?? or what ??
Bitcoin came to make right what was wronged. Jump on the choo choo! Wall that ain't no wall... What Ya think of my new sig!
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wachtwoord
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November 08, 2015, 05:32:43 PM |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long. why so impatient? because thats what most bitcoin people are... Posting rockets all the way down and fomo buying at the top because moon... For a lot of them this is true. But if they refrain from selling they'll end up wealthier than you regardless
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Fatman3001
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November 08, 2015, 05:44:44 PM |
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^No need to rub it in, ChartBuddy. They know what they've done pfft..big scary walls around the spot price at 'critical points' are more often than not, erected to be devoured, no doubt by the very same people who put them there to begin with.... ....Just watch. The same wall that's been here for the last 4-5 months? Sure, but he might be aiming higher than $385.
four days sideways bubble pumped ?? about to go to new highs next week ?? or what ??
Bitcoin came to make right what was wronged. Jump on the choo choo! Wall that ain't no wall... What Ya think of my new sig! You mean this one?: "Fatmans Soup Kitchen!No Shirt...No Shoes...No Teeth OK" BTC Coffee Cup & Food Bowl 1BhFeFiz3sFpXYNzhkWPQHPTQ5qaM9f79r Twitter @ohyperjackedThe one where you're mocking the homeless while asking for donations? It sort of speaks for itself.
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MatTheCat
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November 08, 2015, 05:48:55 PM |
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Some kind of market gauging/moulding going on on Bitstamp.
All the other exchanges are deathly quiet, whilst Bitstamp has done over 5000 BTC of volume so far this hour.
Perhaps some whale, with inside exchange info feeding into his bot algorithm and 0% trade fees, is sitting swishing Bitcoins back and forward in order and trying to get a feel for 'genuine' non market manipulator selling and buying pressure.......or perhaps there is a battle going on between different whale entities, with different designs on where they want the price to go?
looks like the break is going to occur soon....probably a little drop, followed by a significant rise.
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Hyperjacked
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It's all mathematics...!
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November 08, 2015, 05:50:19 PM |
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Hey Fatman! Wall that ain't no wall... What Ya think of my new sig! [/quote] You mean this one?: "Fatmans Soup Kitchen!No Shirt...No Shoes...No Teeth OK" BTC Coffee Cup & Food Bowl 1BhFeFiz3sFpXYNzhkWPQHPTQ5qaM9f79r Twitter @ohyperjackedThe one where you're mocking the homeless while asking for donations? It sort of speaks for itself. [/quote] Wow! You are self-assuming among other things... I was raised by a single mother whose husband left and refused paying child support! It was different being a street kid in NYC in the 1970's but you would not know anything about that and you know less about me!
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Fatman3001
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November 08, 2015, 05:55:32 PM |
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Hey Fatman! Wall that ain't no wall... What Ya think of my new sig! You mean this one?: "Fatmans Soup Kitchen!No Shirt...No Shoes...No Teeth OK" BTC Coffee Cup & Food Bowl 1BhFeFiz3sFpXYNzhkWPQHPTQ5qaM9f79r Twitter @ohyperjackedThe one where you're mocking the homeless while asking for donations? It sort of speaks for itself. Wow! You are self-assuming among other things... I was raised by a single mother whose husband left and refused paying child support! It was different being a street kid in NYC in the 1970's but you would not know anything about that and you know less about me! I'm not assuming anything. I'm just reading what you write and answering your question. I don't see how the context you've provided is relevant. Edit: I'd advice you to let it go. We're not going to see eye to eye on this.
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ChartBuddy
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November 08, 2015, 06:01:20 PM |
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