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

[Karartma1]

Good morning Bitcoinland.
 
Up a little since yesterday I see.



Back  over $700 soon?

Soon?
Maybe not.  At this stage the halving will tell. It is an important step in the Bitcoin journey.

I personally will wait for miners reaction to make any move: in the end are going to lose the most out of that (unless, of course, price will skyrocket...)

[podyx]

Anyone know how effective leverage is on bitfinex?

If I open 3x leverage position here, the Margin call would be around $445 right? And what does it cost to keep a poisiton for a long time?

[USB-S]

Anyone know how effective leverage is on bitfinex?

If I open 3x leverage position here, the Margin call would be around $445 right? And what does it cost to keep a poisiton for a long time?

I don't know about finex specifically, but in most exchanges it adds up to about ~30% per year.

[savetherainforest]

Anyone know how effective leverage is on bitfinex?

If I open 3x leverage position here, the Margin call would be around $445 right? And what does it cost to keep a poisiton for a long time?

Don't do it ... everything is weirder than normal... they want you to relax! ... It will go Moon!
But, maybe if you wait a few more days and see where the manipulation goes, maybe then you will make a better decision. Just sit on it. 

[Gillette]

Get ready guys btc will go slowly down to $500 the next weeks/months.

[600watt]

Get ready guys btc will go slowly downup to $5000 the next weeks/months.

ftfy

[JayJuanGee]

Get ready guys btc will go slowly down to $500 the next weeks/months.

You assert your prediction with such certainty, which already raises red flags that you are just speaking nonsense and likely counter-factual information.

O.k.  I will bite a little bit.  Do you mean actually $500?  hahahahaha  

That number doesn't seem too likely in the coming months... Maybe there is about a 10% or less chance to reach $500 in the next few months?

  In fact, currently, BTC seems much more likely to break over $800 before it breaks below $550, so even if there is some kind of chance that we could break down to $500, it seems to be more prudent to place your bets on upwards price movement before placing such bets on downwards... or at least prudent to place a portion of your bet on the upwards price direction.

On the other hand, if you bet any kind of portion of your BTC allocated funds of more than 10% on a bet that BTC prices are heading down to $500, you will be gambling beyond reason... and in that regard, you may as well go to vegas, if that is what you want to do.

[julian071]

When I look at the charts, lately I see mostly oganic growth (slow, incremental), and large, not so organic dumps. 'Mostly' is an important word here, there are plenty of pumps too but they occur less often in my observation. It looks like the big players are trying (and succeeding) to keep the price down. This is of course slightly frustrating for the hodlers, who are impatient to become rich. It is, however, a good thing for all those small investors who have been coming to BTC more and more of late. I see this happening in my own surroundings. I'm glad they can get in relatively cheap.

I am looking forward to the day tho, that the marketcap is so big that whales have far less of an influence.

[Andre#]

Five posts the past five hours... This place is pretty dead.

[Meuh6879]

4 ...

[Meuh6879]

still waiting for $1000/btc

[BitUsher]

CSV just activated block #419328 , BIPs 68, 112, and 113 now enforced. Now we are just waiting on Segwit , to lead the way for LN.

First Full block I have seen!  1 MB !!!

https://www.blocktrail.com/BTC/block/000000000000000000d12403d1f2e9b3e3113aa6cd878a3aa636a1752ec3b146

2.6MB  , 6,893 tx , 11.48 tps avg monster block tested on main testnet with segwit

https://www.blocktrail.com/tBTC/block/0000000000001280a3d758cb956e565daffd5af0e6b6723f28e1cbcda0da8652

The future is very Bright. Happy 4th my American friends.




Sentiment = Bullish.

[yefi]

Anyone know how effective leverage is on bitfinex?

If I open 3x leverage position here, the Margin call would be around $445 right? And what does it cost to keep a poisiton for a long time?

I don't know about finex specifically, but in most exchanges it adds up to about ~30% per year.

Yeah, at the current rate of around 0.065%:- 1.00065^365*100-100=~27% per annum. Of course, rates can change if you need to renew the loan. They're currently over twice as expensive as they were earlier in the year.

[savetherainforest]

still waiting for $1000/btc

Well... here you go! .. Charts & Projections!




And another to be more convincing of the same structure...





And one that hits closer to home on the calendar!







*Edit: The thing is that it will take 4-6 weeks till we get to somewhere between 1500-2500$ ... and that will happen probably before September hits... and meaning after hitting that 1500$ - 2500$ sweet spot it will suffer a correction! But it will not go under 1000$ after that!!!

[marcus_of_augustus]

680-700 region getting defended rather desperately ... not much stopping beyond that, 730, 800, 1000 ... ATH.

[r0ach]

I haven't seen much shilling lately.  Where is Lambchop?

[savetherainforest]

I haven't seen much shilling lately.  Where is Lambchop?

The world needs more evil greedy zionists to have who to give the blame on... ha??  

[Karartma1]

Over 700$ should honey and sweets only. The halving is coming and maybe these calm waters are the natural quite pattern before the storm.
And look I am not seaying it's going to be a bad storm
 

[var53]

Over 700$ should honey and sweets only. The halving is coming and maybe these calm waters are the natural quite pattern before the storm.
And look I am not seaying it's going to be a bad storm
 

It's people getting used to the shock of going to $800 so fast. The correction was inevitable and now the price is settling down after all the volatility. After people get used to a stable price between $600 and $700 it will go up above $800.

[savetherainforest]

Over 700$ should honey and sweets only. The halving is coming and maybe these calm waters are the natural quite pattern before the storm.
And look I am not seaying it's going to be a bad storm
 

It's people getting used to the shock of going to $800 so fast. The correction was inevitable and now the price is settling down after all the volatility. After people get used to a stable price between $600 and $700 it will go up above $800.

It soon comes that time of the month when gambling addict chinese get their monthly wage... BTCBTCBTC ... Caching!