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

[milkshock100]

Roach:  shouldn’t you be off 100:1 shorting on Bitmex?

Shorting in craptocurrency is mostly pointless because the following fraud:

People like the Winklevoss have 200,000 coins they bought for next to nothing they can send to Coinbase and use as margin collateral to 10-50x the price overnight (the same thing that was done to create the artificially high Ethereum price on Poloniex).  

Do you really think it's a good idea for people to be able to rig markets by putting up collateral that not only has no real value due to not being a real commodity, but it's a completely imaginary asset that doesn't exist in the first place?  That's an even bigger scam than the fraudulent Wall Street markets that existed before it.  And it's not just bitcoin, they can create an infinite amount of coins and do this over and over.  How is that not a scam? lol.  These markets are all just fraud bubbles.

Therefore shouldn’t you be buying bitcoin

[flashbit]

I actually with exponential theory being proposed. Could easily see moving from 30k to 60k within a matter of days.

Why not $1 trillon per coin then?  It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait.

That's why I like to read this thread, there's always good jokes:)

[bones261]

I actually with exponential theory being proposed. Could easily see moving from 30k to 60k within a matter of days.

Why not $1 trillon per coin then?  It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait.

If the dollar experiences hyperinflation, $1 trillion per BTC would be no problem at all. $1 trillion dollar loaves of bread would be no problem at all either.

[RoomBot]

CME has just increased their margin requirements for shorts to 500%.  

Edit: for those not fond of math, you need to post $95,000 margin to short one paper bitcoin at $19,000.

Where can we see this?

I understand fuck all about futures but it sounds cool. Or doesn't. I dunno.

Wall Street is saying "BITCOIN FUTURES."

Wall Street.

Bitcoin.

Futures.

Think about it for a minute.

[milkshock100]

I actually with exponential theory being proposed. Could easily see moving from 30k to 60k within a matter of days.

Why not $1 trillon per coin then?  It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait.

If the dollar experiences hyperinflation, $1 trillion per BTC would be no problem at all. $1 trillion dollar loaves of bread would be no problem at all either.

We’ve had 140% increase in one month alone.

30k to 60k in a few days would be in keeping with that.

[HairyMaclairy]

If what you are saying is true Roach then you may as well accept it and ride it. 

[gentlemand]

If what you are saying is true Roach then you may as well accept it and ride it. 

His, er, 'morals' won't allow him.

[milkshock100]

If what you are saying is true Roach then you may as well accept it and ride it. 

Exactly

[OWZ1337]

20k today would be a good day for it....

prints more tether ..lol   weee

[TERA2]

I was not aware coinbase did margin trading.

[HairyMaclairy]

If what you are saying is true Roach then you may as well accept it and ride it. 

His, er, 'morals' won't allow him.

If his morals are too high to take Goldman Sach’s money, then I can’t help him. 

[AZwarel]

Still 12 -16-2017 here. 5.5 hours left to nail it!

$20,000-$22,000   - 31 (13.8%)
$24,000-$26,000   - 14 (6.2%)
$26,000-$28,000   - 3 (1.3%)
$28,000-$30,000   - 7 (3.1%)
>$30,000   - 33 (14.7%)

That was my vote too! Which time zone we use for that?  

[realr0ach]

If what you are saying is true Roach then you may as well accept it and ride it.  

I elaborated further on how this market works so you can see how big of a fraud it is.  The leverage market exists as nothing more than a tool to add liquidity for the con artist whales so they can try and cash out on the general public:

Shorting in craptocurrency is mostly pointless because the following.  This is why all shorters in the history of bitcoin are squeezed.  You have a bunch of rich con artists that were already rich before bitcoin was created who bought up 200,000 coins for next to nothing. These coins are toxic assets that they can't actually sell at market rate without crashing the market.  Anyone who shorts just adds liquidity to the market and allows them to cash out by effortlessly squeezing the short using their horde of toxic asset coins as margin collateral, manipulating the shorts into margin calls with no real risk to themselves besides losing a few toxic assets that they could do nothing with anyway:

[RoomBot]

PST gives us 8 more hours.   

[milkshock100]

If what you are saying is true Roach then you may as well accept it and ride it.  

I elaborated further on how this market works so you can see how big of a fraud it is.  The leverage market exists as nothing more than a tool to add liquidity for the con artist whales so they can try and cash out on the general public:

Shorting in craptocurrency is mostly pointless because the following.  This is why all shorters in the history of bitcoin are squeezed.  You have a bunch of rich con artists that were already rich before bitcoin was created who bought up 200,000 coins for next to nothing.  These coins are toxic assets that they can't actually sell at market rate without crashing the market.  Anyone who shorts just adds liquidity to the market and allows them to cash out by squeezing the short by using their horde of toxic asset coins as margin collateral:

How is the holder of the bitcoin losing out here? If every shorter is squeezed.

[bones261]

How is the holder of the bitcoin losing out here?

Don't get left holding the bag.

[luckygenough56]

guys...it's losing steam

[gentlemand]

The Anti Semite really should be spreading its joy on places like 4chan, bodybuilding.com or a My Little Pony forum where there's a chance of influencing the wavering.

We're all crypto zombies now. There's no talking us out of anything any more. It's the definition of futility.

[realr0ach]

How is the holder of the bitcoin losing out here?

Don't get left holding the bag.

The whales with a large amount of toxic asset coins they can't sell without collapsing the entire market have to manipulate the market into a bubble in order to lure in momentum buyers, shorters, etc, to add liquidity so they can exit. The average bitcoin holder is nothing but a whale rider who is trying to profit on the back of the whale's pump and dump scam.  So yea, don't get left holding the bag.

[JayJuanGee]

And here I thought we were stuck at 184. In the time it took me to eat breakfast it's up to 18650.

Is this how rich people think? "In the time I ate breakfast I made more money than the average person in a year..."?

Explains a few things.

 Dang.  You're the second person I am forced to envy today before I've finished eating breakfast.
This thread is like a walk down Avenue Montaigne!

I have been thinking that the higher the price, the lower the percentage move for $100, $1,000, or even $10,000 price changes, and therefore, it becomes fairly easy for guys (and girl) with even previously modest quantities of coins, such as 10 coins, to be feeling these kinds of exorbitant money making sensations, even with relatively modest percentage movements of the bitcoin price that translate into what seems to be relatively exponential increases in personal wealth (at least on paper for the time being).