gembitz
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February 02, 2017, 11:33:37 PM |
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Doubling in price in half the time pattern essentially still holding for this exponential bull run ... late March 1600-1800, mid-May 3200-3600, early June insane vertical up to 6500-7200 and pop. For approximate repeat of 2013 halving bull adoption wave blow-off.
^bitcoiners can't do maths when the blocksize doubles to 2MB the price goes//^$2000?lol (((n00bs!))) Price and blocksize hardlimit are not correlated. Bitcoin has a lot more going on than some mere simplistic (and even seemingly non-technical issue) such as blocksize hardlimit. Yeah, sure granted there is some whining and politics around the blocksize hardlimit issue, but the correlation to price is quite tangential and sporadic and largely difficult to pinpoint in terms of directness... oh yeah, and even if there is some correlation, we have the other concept that even assuming correlation, that does not equal causation. ^simple fact bitcoiners can't do maths = 2MB is 1MB + 1MB so = $2000 price :-D
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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February 02, 2017, 11:38:16 PM |
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Thats it. We have now transited permanently into the realm of 4-figure BTC, never to return. We will never again see sub $1000 BTC. Double top on the 12-hour, concluded 3-year consolidation from last ATH. Games now going with serve and increments of $100 Are you being serious here? I mean, lots of people are expecting the fractal from June-July to repeat here with months of consolidation below 900 and then maybe a new rally after that. And these are only those who don't expect a new bear market to start from here again. Who are these "lots of people" because that is sounding like pure pie in the sky fantasy bullshit? or maybe coming off as a kind of royal "we." We had a run up from $550 to $1140, and sure that was feeling a bit much and we got a pretty decent correction of over 34%. What else do you want in terms of buying opportunities? Sure it is possible that we can return to 3 digits, but I would not count on it, just as I would not count on not returning. But, we all likely realize that Toknormal's statement was somewhat aspirational, but it certainly is quite possible to be completely true or at least true for long enough that you are missing various opportunities, if you have not already prepared for uppity rather than more down or flat.
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PoolMinor
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XXXVII Fnord is toast without bread
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February 02, 2017, 11:38:22 PM |
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What if the last 3 weeks is a bull trap?
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keyboard warrior
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February 02, 2017, 11:40:57 PM Last edit: February 03, 2017, 12:03:44 AM by keyboard warrior |
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You can reserve swaps without utilizing them, which can get you a better rate. So there are 22k btc reserved, and 16k already sold, leaving 6k btc sitting there ready to be sold for the right price without any additional swap cost to the trader. Does this link show historical BTC swaps used together with the unused swaps, omitting the USD swaps? https://www.bfxdata.com/swaphistory/btcThe bottom chart on that page shows this. total sum of BTC margin funding: 22,414 unused sum of BTC margin funding: 199 The top chart on this page shows these values. https://bfxdata.com/positions/btcusdBTCUSD long positions: 34 425 BTCUSD short positions: -13 267 I assume the different totals are because USD is included and those figures are active values.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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February 02, 2017, 11:56:42 PM |
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I see this as a large bounce off the 750 low, we should hit the 78% retracement at 1055. But, to zoom through the ATH from here, doesnt look proportional...it's happening too quick. If this is indeed the 'handle' part of the huge cup and handle from 2013-now, then another drop is likely.
I have no problem with any of that analysis.. yet, it seems that we have decent chance to get to $1,050-ish or higher before experiencing another correction.. but yeah, when it comes to the future, we are dealing with probabilities rather than certainties, and sometimes less probable scenarios can end up playing out.... ... I think a correction in this $1,000 to $1,050 arena seems less likely than a correction above $1,050, but wat deee fuq doo me noes?
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yefi
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February 03, 2017, 12:19:19 AM |
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Does this link show historical BTC swaps used together with the unused swaps, omitting the USD swaps? https://www.bfxdata.com/swaphistory/btc
The bottom chart on that page shows this.
total sum of BTC margin funding: 22,414
unused sum of BTC margin funding: 199
The top chart on this page shows these values.
https://bfxdata.com/positions/btcusd
BTCUSD long positions: 34 425
BTCUSD short positions: -13 267I assume the different totals are because USD is included and those figures are active values. I always thought the difference was because BTC margin was used for long positions in the other markets as well as for shorts in BTC.
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keyboard warrior
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February 03, 2017, 12:25:10 AM |
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Does this link show historical BTC swaps used together with the unused swaps, omitting the USD swaps? https://www.bfxdata.com/swaphistory/btc
The bottom chart on that page shows this.
total sum of BTC margin funding: 22,414
unused sum of BTC margin funding: 199
The top chart on this page shows these values.
https://bfxdata.com/positions/btcusd
BTCUSD long positions: 34 425
BTCUSD short positions: -13 267I assume the different totals are because USD is included and those figures are active values. I always thought the difference was because BTC margin was used for long position in the other markets as well as for shorts in BTC. I have never used swaps on bitfinex. Can USD margin be used for long position in the other markets as well as for shorts in BTC? I think I read you can borrow bitcoins and use them to go either long or short with, and I assume USD is similar.
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PoolMinor
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XXXVII Fnord is toast without bread
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February 03, 2017, 12:30:28 AM |
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I see this as a large bounce off the 750 low, we should hit the 78% retracement at 1055. But, to zoom through the ATH from here, doesnt look proportional...it's happening too quick. If this is indeed the 'handle' part of the huge cup and handle from 2013-now, then another drop is likely.
This is also logical to me. The handle is not formed yet, should take a minimum of 5.2857 weeks up to 6 months. I see the price getting to $1000-$1050 followed by another correction of ~25%, so not as far of a drop percentage wise as before but nonetheless. Again I am not a bear but a chartist (novice). I do want the price to go CCMF and to the moon, etc. But wishing for it to happen does not make it happen, being prepared for the swings helps psychologically as well as financially. Sidenote: All these people claiming to be investors still spouting the same thing yet the sooner they realize that they are actually traders then they can worry about price drops. As an investor the current price should never matter since they are hodling long term and any price below their target sell price is a great price to buy. All this bullshit of "Gee I only buy the dips," is pure hogwash. If you are only seeing it as a good buy because it once was $1200 and now it is $1000, then all last year and the year before and the year before that were great buying opportunities. So please save us all the rhetoric and keep the mindless chatter to yourselves.
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yefi
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February 03, 2017, 12:31:44 AM |
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I have never used swaps on bitfinex. Can USD margin be used for long position in the other markets as well as for shorts in BTC? I think I read you can borrow bitcoins and use them to go either long or short with, and I assume USD is similar.
I don't use Finex personally, so I'm not sure. I'd have thought that would be the case though. I can not seeing it go below $1000 at this point. It shot pass it without a flinch in rolling on forward. Just need to wait until the next economic news comes and see how it withstands what China exchanges and Trump is doing to the states economic woes have in store for the next 48 hours. If it stays above the price it is at now then it can be bulletproof. Steady now, we're not out of the woods yet. Once we break the ATH, then maybe we can contemplate an end to triple digits. Right now price is approaching a delicate position, and, like PoolMiner mentioned, it could still all turn out to be a bull trap.
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keyboard warrior
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February 03, 2017, 12:42:43 AM |
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I have never used swaps on bitfinex. Can USD margin be used for long position in the other markets as well as for shorts in BTC? I think I read you can borrow bitcoins and use them to go either long or short with, and I assume USD is similar.
I don't use Finex personally, so I'm not sure. I'd have thought that would be the case though. I can not seeing it go below $1000 at this point. It shot pass it without a flinch in rolling on forward. Just need to wait until the next economic news comes and see how it withstands what China exchanges and Trump is doing to the states economic woes have in store for the next 48 hours. If it stays above the price it is at now then it can be bulletproof. Steady now, we're not out of the woods yet. Once we break the ATH, then maybe we can contemplate an end to triple digits. Right now price is approaching a delicate position, and, like PoolMiner mentioned, it could still all turn out to be a bull trap. So the scenario below is not yet impossible? this doesn't look good
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Ted E. Bare
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February 03, 2017, 12:48:00 AM |
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... All this bullshit of "Gee I only buy the dips," is pure hogwash. If you are only seeing it as a good buy because it once was $1200 and now it is $1000, then all last year and the year before and the year before that were great buying opportunities. So please save us all the rhetoric and keep the mindless chatter to yourselves.
I agree with most of what you said, but if you don't always have the funds available it is not a bad idea to buy the dips every now and then. This is actually a good strategy in my opinion. Buy every steep correction and profit.
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Ted E. Bare
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February 03, 2017, 01:18:20 AM |
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OKCoin just blew through 7000 as if it was nothing.
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PoolMinor
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XXXVII Fnord is toast without bread
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February 03, 2017, 01:19:34 AM |
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... All this bullshit of "Gee I only buy the dips," is pure hogwash. If you are only seeing it as a good buy because it once was $1200 and now it is $1000, then all last year and the year before and the year before that were great buying opportunities. So please save us all the rhetoric and keep the mindless chatter to yourselves.
I agree with most of what you said, but if you don't always have the funds available it is not a bad idea to buy the dips every now and then. This is actually a good strategy in my opinion. Buy every steep correction and profit. Yes by all means buy the dips, but buying the dips as a long term holder is nonsensical to me, unless you are going to sell the peaks. Which is precisely what I was ranting about in the first place, strictly semantics I guess. Either you are a trader (does not have to be daily) or you are an investor which means you don't sell any at ALL period, not when you run out of fiat-- but only when your investment matures. I guess it is a game of psychology dealing with the mindset of the price got above $48 and when it tanks to $1 I should buy 48X more, because those coins are CHEAP!!
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gembitz
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February 03, 2017, 01:40:02 AM |
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$1000X$1100 now wow !!! upTicking++
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unknown04
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Art is the triumph over chaos
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February 03, 2017, 01:57:19 AM |
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my question is will 1k stay ? hopefully this time it will stays there.... a new floor for btc
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PoolMinor
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XXXVII Fnord is toast without bread
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February 03, 2017, 02:13:06 AM |
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my question is will 1k stay ? hopefully this time it will stays there.... a new floor for btc
No
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Karpeles
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Merit: 1000
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February 03, 2017, 02:25:30 AM |
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my question is will 1k stay ? hopefully this time it will stays there.... a new floor for btc
the laggards from btc-e still are below $1000, so we still can't say we are 100% above $1000 but this rise seem more sustainable, because the price is rising kinda slowly, so changes of bears panicking and unloading lots of coins with no plans is lower, but we never know my bet is that $1000 level won't be lost as quickly and easily as in the end of the year
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notme
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February 03, 2017, 02:25:52 AM |
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Does this link show historical BTC swaps used together with the unused swaps, omitting the USD swaps? https://www.bfxdata.com/swaphistory/btc
The bottom chart on that page shows this.
total sum of BTC margin funding: 22,414
unused sum of BTC margin funding: 199
The top chart on this page shows these values.
https://bfxdata.com/positions/btcusd
BTCUSD long positions: 34 425
BTCUSD short positions: -13 267I assume the different totals are because USD is included and those figures are active values. I always thought the difference was because BTC margin was used for long position in the other markets as well as for shorts in BTC. I have never used swaps on bitfinex. Can USD margin be used for long position in the other markets as well as for shorts in BTC? I think I read you can borrow bitcoins and use them to go either long or short with, and I assume USD is similar. Yeah, my previous statement was wrong. The 199 is the bitcoins reserved but not used. The rest is BTC borrowed to short BTC against other currencies besides USD. USD swaps can only be used to buy a different currency (aka sell USD). BTC swaps can only be used to sell BTC (aka buy some other currency). Margin is the balance you hold in your account that determines (along with your leverage level) how much you are allowed to borrow. So there are nearly 22k in shorts, but only 13k shorting against USD. 9k are shorting BTC against other currencies.
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rokkyroad
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Merit: 1000
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February 03, 2017, 02:28:48 AM |
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This is awesome performance. Unexpected but welcome. Not a crazy volatile pump just a nice steady, confident climb. Looks like 2017 is the year of the bitcoin.
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