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

[JimboToronto]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

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[BTCMILLIONAIRE]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

I certainly do. Now it's just a question of leaving it behind.

[Ludwig Von]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.

[salinizm]

what do you think that bitcoin prices will rise up to ? Some of the people are talking about that there will be same situations as in 2013. What do you think ?

[cAPSLOCK]

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

Are you feeling any better about this?  The more I think about it the more it worries me...

[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

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

[ragnar0k]

In the meantime jp morgan says btc is the new gold. That was unexpected...
https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

Was it really? Or do you mean it was unexpected that they'd flip around so quickly?

Yeah, fair point... I guess was not expecting it a just few weeks after their CEO claimed it is a scam

[cAPSLOCK]

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

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

Oh, how I wish I could see the future.  Then I would know what to do.

[gentlemand]

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

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

I seem to recall someone connected here telling the story about every financial player only asking one question after being informed in detail about it - how can I short it?

This was pre late 2013.

That goes to show how clever these people are.

They may have their shiny instruments. Unlike almost every other market they play with outside stocks, there are real little people and old school whales who may have completely different plans.

[HairyMaclairy]

Japanese futures exchange to add Bitcoin futures “as soon as possible”

http://bitcoinist.com/bitcoin-futures-asap-japan-exchange/

[JimboToronto]

Do we consider this landmark reached?

I certainly do. Now it's just a question of leaving it behind.

Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.

Seems it's still open for debate.

One thing's for sure... we Canadians can celebrate reaching the $15kCAD milestone.

Coffee's tasting mighty good, working too. I't's far too early for booze for me but maybe by the time it passes 10kEUR on all the major exchanges, I'll be ready to offer you a toast as we celebrate our milestones.

Cheers.

[HairyMaclairy]

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

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

I seem to recall someone connected here telling the story about every financial player only asking one question after being informed in detail about it - how can I short it?

This was pre late 2013.

That goes to show how clever these people are.

They may have their shiny instruments. Unlike almost every other market they play with outside stocks, there are real little people and old school whales who may have completely different plans.

These are people who think a 22% swing is a massive crash. I remember reading about a Wall St hedge fund that went broke trading bitcoin due to “unexpected volatility”

[BTCMILLIONAIRE]

Do we consider this landmark reached?

I certainly do. Now it's just a question of leaving it behind.

Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.

Seems it's still open for debate.

One thing's for sure... we Canadians can celebrate reaching the $15kCAD milestone.

Coffee's tasting mighty good, working too. I't's far too early for booze for me but maybe by the time it passes 10kEUR, I'll be ready to offer you a toast as we celebrate our milestones.

Cheers.

It's just about booze time for me. So I'll toast to your $15k for you.

Also, I've always found it curious that coffee actually worked for people. To me it's just a delicious beverage that sometimes puts me to sleep.

[Rosewater Foundation]

I'm operating under the assumption they will be very careful to run it up to totally unsustainable levels before any kind of big short. But I have no idea what sustainable levels look like. But I imagine someone a lot smarter than me has done the maths. Maybe.

[Punisher13142]

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

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that.

I am not worried anyways, i made a x4 of my initial investement in less than 1 year, and i still have more BTC since that thanks to shorting all my Bcash at 0.4+
So they can short all the shit they want, we will be up again in much less time than the 2013-2015 drama

[BTCMILLIONAIRE]

I'm operating under the assumption they will be very careful to run it up to totally unsustainable levels before any kind of big short. But I have no idea what sustainable levels look like. But I imagine someone a lot smarter than me has done the maths. Maybe.

Completely unsustainable levels would be very well above ten trillion. And by then shorting into oblivion would probably be quite difficult. So they'd have to move before and risk failing/missing out.

[gentlemand]

I'm wondering what effect it'll have on alt markets. I can imagine many a trader wants nothing to do with BTC if it becomes boring and controlled by US exchanges and stick with shit.

They want to pump and dump like the old days.

[BTCMILLIONAIRE]

I'm wondering what effect it'll have on alt markets. I can imagine many a trader wants nothing to do with BTC if it becomes boring and controlled by US exchanges and stick with shit.

They want to pump and dump like the old days.

Once we see serious companies using alts as utilities (especially in combination with decentralized exchanges) they'll be just fine. Even with pump and dumps the ("serious") coins would have fairly predictable valuations. I'm actually looking forward to that more than to P&Ds, although the insane profits are quite nice. Got another great Christmas coming up.

[ragnar0k]

My understanding is that they can short only what was bought, the rest is cash settled, so huge leverages will not change the btc market...
Sure, they might sell their btcs to manipulate the exchange, but honestly I don't think it will be sustainable in the long term if adoption continues; also I think these futures have been there in Japan already if I am not wrong and nothing happened

[valerie_zurich]

Bitcoin keeps being bullish, but for how long? Come comment on our daily chart segment with your thoughts.

Bitcoin is still holding up the bullish sentiment as prices in BTC/USD markets rise by almost 5% in the last 24 hours with prices closing in to $12000.



Chart Source:
https://cryptocoincharts.info/pair/btc/usd/bitfinex/today