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

[TERA]

Ok, all BFX longs wrecked, now we proceed to $10,000.

all $25 million  in longs? Not even close. not yet. What's more, there were only 7K BTC shorts to cover. We're flying blind until bfxdata.com is back up, but there's no way all those longs got rekt or we'd be in the $200s.

Hate to disappoint everyone but longs are still at $26MM hard little critters to squash
https://www.bitfinex.com/pages/stats

That's not disappointing at all! More longs to get squeezed. Forced liquidation in the middle of a crash causes a margin call cascade and i get cheap coinz. 20K more to dump is all it would take.

We went from $475 to $402 and barely any longs were squeezed!!  Shorts are so tight they burn when we move up $10 feel something else is at play here.

I am surprised someone didn't dump the remaining $2 to put us under $400 would maybe see some cascades then 

bfx longs aren't exactly at an all time high. In Jul 2014 they were all the way at $32M, and this was back when bfx did ONE TENTH of the volume that it does now. Just this is suspicious to me.

[DaRude]

...

bfx longs aren't exactly at an all time high. In Jul 2014 they were all the way at $32M, and this was back when bfx did ONE TENTH of the volume that it does now. Just this is suspicious to me.

Yeah odd don't see much volume happening at that time too. Maybe something funny inside finex

[ErisDiscordia]

you're all a bunch of retarded faggots driven by your emotions.

Some no-life faggot playing with daddys money decides to sell and the rest of you faggots join in.

Just off yourselves.

Did the traders really ruin it for you? What do you really think would have happened if nobody sold? A slightly larger rise with an even harder crash?

I'm pissed because one, maybe two faggots that have rich daddies decided to sell a fuckload of coins and it starts off an avalance of retards who thinks the price is going to zero.

If half of you faggots had balls like me the price would be well over 4,000

Stop being such emotional faggots and selling when the price drops.

Hi shroomskit we missed you!

[TERA]

If bfx is legit, then I wouldn't be surprised to see longs suddenly burst to $100M+ during the next serious rally as more lenders pour in to add fuel, like they did in the beginning on that chart.

[lemmyK]

420.....

[ChartBuddy]

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Explanation

[JimboToronto]

Well, well, well. I see we had our little correction while I was out for a few frosties. Not surprising.



OK let's get on with the program.

[crossabdd]

[LFC_Bitcoin]

Well, well, well. I see we had our little correction while I was out for a few frosties. Not surprising.



OK let's get on with the program.

Don't worry about it, I'm still laughing at the people who sold everything when we broke 300 thinking they'd buy back in at 250 & below

[BlindMayorBitcorn]

2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.

If that isn't a recipe for a crash, I don't know what is. When the price starts dropping, there will be margin calls.
I will admit, I shouldn't have sold at 450. I should have waited for 465-470. That doesn't change the fact that this leverage fueled rally is not sustainable, and will end with a massive move downward. Get out now, or lose all your gains.

What exchange are your bids on?

finex
Why do you ask?

Oh ffs. That's just rude. Did you do that?
Give an old soldier a fucking break already!
Fuck you guys. I'm gonna smoke a joint, drink some whiskey, and decide on my next move. I really don't want to eat this loss.

 

[bitebits]

Do the Chinese banks process wires to exchanges on a Saturday morning? They don't do it in the west.

West of what? In some western European countries you can for sure send euros to Coinbase during the weekend. Instantly received.

[Xian01]

Whee !!!

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[BlindMayorBitcorn]

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Explanation

[Divitiae miserae]

A bull trap is glittering from beneath the foliage.

[r0ach]

Welp, called that one perfectly:

[Fatman3001]

Let us Bathe in The Glory of its Magnificence.

Gotta make a gif with the 1950's nuke tests with those same jamokes...rotflmao!

-snip-

Bump...

See you guys at 480$

mmmkey

Nice but...It would be better if was on the left! They should be looking at the explosion or in our case rocket launch!
Cheers Guys n Gals!  

That just means you're watching it on a phone. On a PC it should be next to each other.

[Fatman3001]

or maybe this...

better...but need the desert

Agreed

Maybe this fits your phone now:

[r0ach]

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