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

[HairyMaclairy]

So by settled it means they have to either buy or sell real bitcoin. Otherwise it's just a way for people to just drive prices based on complete fantasy (as opposed to actually having to buy bitcoin for example)

Hm.

Cash settled.  No bitcoin to trade hands. But if you are naked shorting you are mad.

[Rosewater Foundation]

^Hyperlinks are broken now. Prolly the NSA

You have to do it like this:

https://en.wiktionary.org/wiki/drôle

with the [ url ] [ / url ] thing

Naw, I can feel the heat closing in, feel them out there making their moves.

[Heater]

So by settled it means they have to either buy or sell real bitcoin. Otherwise it's just a way for people to just drive prices based on complete fantasy (as opposed to actually having to buy bitcoin for example)

Hm.

No - cash settled. They are betting on the price index. Like the weather futures where they bet on the temperature and what not.

[realsteelboy]

Little bit of movement, honey badger stirring??

[Heater]

Little bit of movement, honey badger stirring??

He must have had a big night or still has snake venom in his system that needs to clear out. He'll be on the rampage again soon.

[itod]

So by settled it means they have to either buy or sell real bitcoin. Otherwise it's just a way for people to just drive prices based on complete fantasy (as opposed to actually having to buy bitcoin for example)

Hm.

No - cash settled. They are betting on the price index. Like the weather futures where they bet on the temperature and what not.

Not quite like the weather, they can not make it snow out of the clear blue sky, but they will certainly have some BTC on the exchanges to defend their bets. Volatility will go through the roof. In the long term honey badger don't care, but we will see some spectacular action, that is for sure.

[Heater]

So by settled it means they have to either buy or sell real bitcoin. Otherwise it's just a way for people to just drive prices based on complete fantasy (as opposed to actually having to buy bitcoin for example)

Hm.

No - cash settled. They are betting on the price index. Like the weather futures where they bet on the temperature and what not.

Not quite like the weather, they can not make it snow out of the clear blue sky, but they will certainly have some BTC on the exchanges to defend their bets. Volatility will go through the roof. In the long term honey badger don't care, but we will see some spectacular action, that is for sure.

I'm not sure if volatility will go up or down - let's see.

It will be interesting to see what the volume numbers are and how it stacks up against the top exchanges.

[jojo69]

Last one:

https://twitter.com/parabolictrav/status/936770842075152386

Parabolic Trav‏ @parabolictrav

Entering the first target box. Watching the weekly to confirm no reversal by Sunday. If we end Sunday well, I expect we repeat this weeks performance next week. We're in the parabolic feedback loop and it doesn't stop until it implodes.

finally, a sober, responsible treatment of our situation

I think I like this Trav guy

[Heater]

So now we know the real reason why a smart guy like Jamie Dimon hates Bitcoin so much!

Look out Zuck - you are next - 500k incomming!


https://twitter.com/MacroScope17/status/937472979553972224

[Rosewater Foundation]

idk man. I'm so used to someone periodically trying to troll me out of coins, maybe I see things that aren't there.
But that "it could even reach $100k" comment was too much for me. If Jamie Dimon isn't currently knee deep in coins, I'd be surprised.

[HairyMaclairy]

idk man. I'm so used to someone periodically trying to troll me out of coins, maybe I see things that aren't there.
But that "it could even reach $100k" comment was too much for me. If Jamie Dimon isn't currently knee deep in coins, I'd be surprised.

He said very early on that his daughter had bought some. 

[Rosewater Foundation]

idk man. I'm so used to someone periodically trying to troll me out of coins, maybe I see things that aren't there.
But that "it could even reach $100k" comment was too much for me. If Jamie Dimon isn't currently knee deep in coins, I'd be surprised.

He said very early on that his daughter had bought some. 

You think I'm paranoid

You all think I'm paranoid

And now the bloody NSA is here

Watching me

[jhamir273]

But that's the thing with these.  Does someone want to buy a lot of coin and not move the market prices?  Or does the wall encourage an upward trend since it is well, a wall?  Or rather, downward pressure for tons of people to sell into and it can maybe hold?  Or... all of the above?!

[jojo69]

does it feel to you guys like some immanent fireworks?

[explorer]

But that's the thing with these.  Does someone want to buy a lot of coin and not move the market prices?  Or does the wall encourage an upward trend since it is well, a wall?  Or rather, downward pressure for tons of people to sell into and it can maybe hold?  Or... all of the above?!

Large walls are sometimes just manipulative, and will be pulled when challenged.  Especially if they are on margin, and just being used to herd the sheep. 

[Rosewater Foundation]

does it feel to you guys like some immanent fireworks?

waiting for the bazinga effect. any minute now

[Rosewater Foundation]

don't watch this, you will cringe. the world is so salty.
https://www.reddit.com/r/Bitcoin/comments/7hg43t/cnn_host_admits_his_criticism_of_bitcoin_actually/

[HairyMaclairy]

The current dampened price movement seems a bit off

[Rosewater Foundation]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

[HairyMaclairy]

A short squeeze would be delightful.