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

[ChartBuddy]

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[UnDerDoG81]

Why cant it break the $400 finally?

[ImI]

What the forum needs is the option to restrict posting in moderated topics to an activity level set by the topic starter. This would at least require spam accounts to build up activity first and thus make the ignore button meaningful.

I wonder if Adam would be agreeable to a script that would auto-delete posts from users below a certain post count...

good idea imo!

[nioc]

Why cant it break the $400 finally?

do you have any doubt that it will?

[DaRude]

Why cant it break the $400 finally?

do you have any doubt that it will?

Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time

[ImI]

What the forum needs is the option to restrict posting in moderated topics to an activity level set by the topic starter. This would at least require spam accounts to build up activity first and thus make the ignore button meaningful.

I wonder if Adam would be agreeable to a script that would auto-delete posts from users below a certain post count...

good idea imo!

good~for the elites! ;-) ===> lets keep the n00bs out yo!

n00bs can open their own wallobserver-thread, nobody stops them!

[ChartBuddy]

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[mixan]

Not hitting the 400 yet. Come on this is the 4th transition of Sparta. The 400 march 

[LFC_Bitcoin]

Why cant it break the $400 finally?

We'll get over 400 obviously at some point but there does seem to be resistance there at the moment. Probably a lot of manipulation because some big players who are leveraged might get REKT if we go past 400.

[nioc]

Why cant it break the $400 finally?

do you have any doubt that it will?

Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time

yes shorts and longs were one thing I did not look at when I bought earlier today.

I only have a short time each day to buy or sell.

anyway my response wasn't that helpful as I was talking about eventually and the OP was talking about the present.

[ChartBuddy]

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[simon28]

Why cant it break the $400 finally?

do you have any doubt that it will?

Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time

How does that work? Does a whale wait until there are 90% leveraged longs and 10% leveraged shorts, then put a giant short on, then dump so hard it calls all the leveraged longs? Is that why there was a massive spike down by $20 on bitfinex last night?

[becoin]

How does that work?

It doesn't work.
The problem with retarded dumpsters and dollar cultists is that they can't buy same amount of bitcoins they've dumped without triggering panic buy and a new top! They simply can't print bitcoins in the way they print fiat.

[DaRude]

Why cant it break the $400 finally?

do you have any doubt that it will?

Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time

How does that work? Does a whale wait until there are 90% leveraged longs and 10% leveraged shorts, then put a giant short on, then dump so hard it calls all the leveraged longs? Is that why there was a massive spike down by $20 on bitfinex last night?

Short answer is nobody knows and those spikes could be caused by many things.
In the last two days people borrowed ~ $2MM on finex and bought BTC with it. So roughly BTC5k were bought on borrowed funds which needs to be repaid back. So what seems like a natural growth and a rise in demand (to a degree) is just someone speculating. Speculators have to pay interest on borrowed funds, and the more they borrow the higher the interest gets. Market knows this and when leverage gets out of control the domino effect causes a (usually a violent) correction. As far as what are those break points or even how much effect that leverage has on say Chinese volumes is the name of the game

[DaRude]

How does that work?

It doesn't work.
The problem with retarded dumpsters and dollar cultists is that they can't buy same amount of bitcoins they've dumped without triggering panic buy and a new top! They simply can't print bitcoins in the way they print fiat.

So what you're telling me is shorters are actually Good For Bitcoin?

Leverage should provide more stability...until it doesn't then we get fireworks and leverage acts as fuel for a bomb or afterburners for the moon rocket depending on your perspective. And everyone likes rockets. So yes i enjoy watching shorts burn, wish there'd be more of them lately 

[becoin]

How does that work?

It doesn't work.
The problem with retarded dumpsters and dollar cultists is that they can't buy same amount of bitcoins they've dumped without triggering panic buy and a new top! They simply can't print bitcoins in the way they print fiat.

So what you're telling me is shorters are actually Good For Bitcoin?

They are good for those people that still don't have and want to buy cheap bitcoins.

[ChartBuddy]

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[ChartBuddy]

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[podyx]

pick up around $375? 

[ChartBuddy]

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