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

[el_rlee]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

bitfinex, icbit, and?

[1715186630]

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[1715186630]

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[Ultraviolet]

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

Sage.

[fourkey2001]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

bitfinex, icbit, and?

Plus500

[el_rlee]

I am shorting it... and I know it will fall. Its just making all of you a fool

Even if you would have shorted it at 200$ you would have needed quite some funds and balls to keep that position all the way up to 266...
And then not to take the profits in the 180is.

Good luck to you sir. May you be able to stay detached.

[thoughtfan]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

Excellent, it's people with this mentality that we need to see shorting if such confidence in their belief is actually reflected in their positions.  This should help stablise prices as people get caught in a credit squeeze and have to bail out of their positions.

Bring it on

[Rampion]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

Currency value equals to amount of gold it holds.

I beg you pardon? What amount of gold does the USD hold? And the EURO? Could you enlighten us with concrete figures?

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

When the anonymous japanese runs away with all your money.... people will cry here

Who is the anonymous japanese? As this is a thread about MtGox, which is a Japanese company, maybe you refer to the owner? FYI: he is not anonymous and he is not japanese. He is French and his name is Mark Karpeles.

[Miz4r]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

Is that you Jaroslaw?

[Zangelbert Bingledack]

Fastest ignore ever

[el_rlee]

Who is the anonymous japanese? As this is a thread about MtGox, which is a Japanese company, maybe you refer to the owner? FYI: he is not anonymous and he is not japanese. He is French and his name is Mark Karpeles.

What is public knowledge about this guy? There is no Wikipedia article or the like...
Is he a weirdo?

[Rampion]

I just had a source confirm who predicted the 110 price as of now at 6pm and further said, bitcoin will crash to 70-80 in the next few hours/1 day (depending where you are) followed by 50 and then stay there for a week or two and then bounce again after the conference to 120 and go back down.

Sell sell sell now for your profits.... and buy back...

cheers!

Price will drop to 50!!!

I have cashed out 10k ...waiting for $50 ))))

BTC to go down to $50... sell sell sell

It will fall more... go below 90 in the next few hours

let the japanese and indians wakeup!

Quoted for the lulz.

Man, you did not get a single prediction right.

[fourkey2001]

Shit happens.

There are bigger bulls and bears out there

It will go there eventually

[thezerg]

thanks for the support! When (if) I make it, I'll send you a tip

Your hopes seem ambitious in a flat but volatile market.  But BTC is on an exponential adoption -- the only debate is what exponential  .  It might not be your trading that does it but just underlying appreciation.  

So I recommend you run some spreadsheet projections.  Against a realistic estimate of your day trading:

How much you can save from your day job and put it into BTC?
How much would BTC have appreciated anyway?
Realize that you can still catch a LOT of the major price action with the opportunity to trade 2x per day (6am and 9pm say)?

I think you'll find actually earning money and investing it works out better for you.  Esp. when you realize that while day trading excess money is "fun", it SUCKS when it affects your ability to pay for food/rent.  

Also read the professionals (sunnakar, rpietella, Loaded) comments here carefully; they may gloat about trading, but their bread and butter is a variety of financial services -- essentially they find BTC for whales off-market and take a slice.  What do you think rpietella's "rock star" persona and summit is all about?  Rock star so noobs go to him with their $.  Summit is to build a "dealer network" -- in other words provide rpeitella enough depth so he can service the whales.

[N12]

Also read the professionals (rpietella,) comments here carefully;

Hahahaha. Too funny.

[thoughtfan]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

My guess is this is pure troll (and Rampion, I think he's probably referring to Satoshi not Karpeles) but what's interesting about it is that there are people out there who believe so strongly in the simplistic 'gold-backed-or-valueless' thing that when shorting becomes easily available a significant amount of money will be bet against Bitcoin in this manner.

I can't see enough of the bigger picture to tell what how this would affect the market but my guess is they'll have to be borrowing btc from somewhere to short it so if there's a high demand then maybe there'll be profit to be made in lending at a reasonable interest?

[Rampion]

Who is the anonymous japanese? As this is a thread about MtGox, which is a Japanese company, maybe you refer to the owner? FYI: he is not anonymous and he is not japanese. He is French and his name is Mark Karpeles.

What is public knowledge about this guy? There is no Wikipedia article or the like...
Is he a weirdo?

Well, there aren't Wikipedia articles of a lot of CEOs. I'd say that 90% of CEOs in the world don't have a Wikipedia entry for them. But there is a Wikipedia entry for MtGox.

MtGox is a fully registered company, scrutinized by law, with a large history of legitimacy. That's why is such a pain to comply with all their documents requirements, because they are ultra legit.

Public knowledge about Karpeles? You have to be new to ask for that. There's a lot of public info about him. Start checking here: http://lmgtfy.com/?q=Mark+Karpeles+mtgox

[Rampion]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

My guess is this is pure troll (and Rampion, I think he's probably referring to Satoshi not Karpeles) but what's interesting about it is that there are people out there who believe so strongly in the simplistic 'gold-backed-or-valueless' thing that when shorting becomes easily available a significant amount of money will be bet against Bitcoin in this manner.

I can't see enough of the bigger picture to tell what how this would affect the market but my guess is they'll have to be borrowing btc from somewhere to short it so if there's a high demand then maybe there'll be profit to be made in lending at a reasonable interest?

He refers to Satoshi? Man, I'm writing a software so as soon as one of the first generated bitcoins move, I'm automatically dumping everything!

(just joking)

[dexX7]

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

There is no BTC reality. Currency value equals to amount of gold it holds.

Bullshit. 1971 the USD detached completely from gold and EUR was never linked to it anyway.

[micalith]

I hope this isn't too noobvious but doesn't the USD/BTC line strongly support the bears for the next couple of months? I'm sceptical about the alternative likelihood of prolonged sideways action

[SAQ]

Wow, 30 million dollars is being traded almost every day.

https://i.imgur.com/TdYkm6z.jpg

[ChartBuddy]