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

[BlindMayorBitcorn]

Good time to buy . set in another set of buy orders.

agree, desperation is strong

Ya. That was like $50 ago.

[RGR991]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

[BitUsher]

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

[Hyperjacked]

TOMORROW BREXIT AND THEN BTC OVER 1000$?

the current btc market cap is unsustainable imho! Reminds me of y2k and the stock market insanity...

[Spaceman_Spiff]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

[Hyperjacked]

Maybe torque can weigh in on this...but I luv the 599.95 price

[RGR991]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

yes I've been watching that # and it really does need to start heading south, I also watch the twitter feeds who track whales on OkCoin...they are getting demolished(which is a good sign)

[dumbfbrankings]

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

This is actually good news! To the Mewn!

[BitUsher]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

This is why I never set longs or shorts as I am always suspicious about the games exchanges play with order books to profit off this form of gambling. Market calls and buy limit order only for me. Listening to bitfinex explain the sudden outages was quite unnerving.

[JayJuanGee]

just kickin butt n takin names...but wat do I know  

cheers jay!

That's true.. What do you know?  Even a stopped clock is correct twice a day, and rejoicing such correctness seems nubile, at best.

Lol...fool! Read my history...troll bag

I've made huge calls in the past...ppl that know follow me...that don't post n just read!

Ppl that can crush the price and do the opposite...

Why would I give a ratt's ass about your post history?

Just provide credible and substantive discussions and that's all that is needed.. otherwise who gives a shit about whether you are correct or not, unless you are striving to be some kind of psycho cult leader?... which I am kind of beginning to get that vibe from you.   

[Luthier]

lol GDAX is so soft... price went from $10 under China (buy) to $10 over China (sell) within about 3 minutes.  Very profitable to trade there.

[BlindMayorBitcorn]

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

This is actually good news! To the Mewn!

We also make a fine washing machine for China's dirty money, and we put it on the planet's tab. That must be worth something?

[BitUsher]

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

Yes, regulatory arbitrage. It doesn't have to be illegal though as there are plenty of examples of legal regulatory arbitrage -- IE purse.io with amzn points and gift cards. Regardless, we should be proud of many elements of the black market and one should consider bitcoin a good black/grey market etf.

Great example of a distressed business that is completely legal but because of operation choke point where the state unethically and many would say illegally pressures banks to shutdown merchant processors is accepting bitcoin as a fallback-

https://ghostgunner.net

Excellent product as well.

[JayJuanGee]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

[RGR991]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

I use https://bfxdata.com/sentiment/longshort to check longs vs shorts on Finex.

As you can see the bulls are still very stubborn which makes me think we will continue lower... 



I also use

https://twitter.com/whalecalls

to get a grasp on liquidations for both shorts and longs.

[JayJuanGee]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

Can you provide a link for this, because I have not been able to find that information?

[Spaceman_Spiff]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

Can you provide a link for this, because I have not been able to find that information?

https://bfxdata.com/swaphistory/totals

[BitUsher]

We also make a fine washing machine for China's dirty money, and we put it on the planet's tab. That must be worth something?

Excellent point , Capital flight is a greatly needed aspect as well . We may be literally savings some lives with bitcoin in countries like Venezuela with their catastrophic hyper inflation reaching over 700%- https://coin.dance/volume/localbitcoins/VEF  

Fuck Socialism

[JayJuanGee]

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

I use https://bfxdata.com/sentiment/longshort to check longs vs shorts on Finex.

As you can see the bulls are still very stubborn which makes me think we will continue lower... 



I also use

https://twitter.com/whalecalls

to get a grasp on liquidations for both shorts and longs.

Thanks, maybe i should try to account for this information, too in my attempts to predict possible price directions.

[dumbfbrankings]

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

Yes, regulatory arbitrage. It usually is illegal though as there are plenty a vanishingly tiny number of examples of legal regulatory arbitrage -- IE purse.io for carding operations. Regardless, we should be proud of many elements of the black market and one should consider bitcoin a good black/grey market etf.

Great example of a distressed business that is completely legal but because of operation choke point where the state unethically and many would say illegally pressures banks to shutdown merchant processors act in their own rational self-interest is accepting crimecoin as a fallback-

https://ghostgunner.net

Excellent product as well.

"So what are u in for?"

"You know, the usual, regulatory arbitrage."