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

[bitserve]

I am starting to get pissed by this price action

[Agapios]

Help me with your thoughts on bitcoin futures.
If 1 contract 100 bitcoins? 900k USD? and there was  i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day
Am i gettting this right ? i think not

I didnt get any repond so kindly if someone can answer me this please I would also add I am assuming (perhaps I am wrong?) bitcoin futures are direclty tied to bitcoin. So I am under assumtion if someone opens large volume of shorts for bitcoin futures, they go down, or if someone opens large volume of longs they go up ?

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
No it's 5 btc per contract, so vol. is still tiny overall. Yes iirc CME is settled in btc, while CBOE is in usd http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures
Here's their, generally bigger, volume http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures with 1btc per contract
compare https://www.barchart.com/futures/bitcoin
Your final question - no, there is always a bigger fish who will counter-trade their competitors.

edit: Some traders are noticing a small CME factor, where spot price draws towards week's close price on CME, but most are unconvinced, again because of tiny volume.

user buyandhold: thank you
i understand now

[mike4001]

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

[LFC_Bitcoin]

coordinated dump again  

Oh most definitely

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

[Bitcoinaire]

Seems like the FUD has been extra thick lately. Hopefully it's the dip before we rally during blockchain week.

[Raja_MBZ]

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

@LFC_Bitcoin, why are you asking something that is so obvious?

[Derpinheimer2]

coordinated dump again  

Oh most definitely

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

Questioning Bitcoin's price makes you a retard? What a community. Or is it a cult?

[LFC_Bitcoin]

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

@LFC_Bitcoin, why are you asking something that is so obvious?

My bad, sometimes I forget there are some people on the spectrum here.

[LFC_Bitcoin]

coordinated dump again  

Oh most definitely

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

Questioning Bitcoin's price makes you a retard? What a community. Or is it a cult?

Does anybody, literally anybody here genuinely have doubts we’ll see 1 bitcoin at $10,000 ever again?

[Derpinheimer2]

coordinated dump again  

Oh most definitely

I am starting to get pissed by this price action

Remember the thread where someone posted we will never see 10k again?

Somehow I think this can be true.

Are you retarded, a little?

Questioning Bitcoin's price makes you a retard? What a community. Or is it a cult?

Does anybody, literally anybody here genuinely have doubts we’ll see 1 bitcoin at $10,000 ever again?

Sure. I don't claim to know the future.

[luckygenough56]

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

[Rosewater Foundation]

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

There will always be a steady supply of noobs to keep it from bottoming completely. Whales know this, so they walk us down slow to scoop up as much krill as they can mouth. We'll hit $6k before we hit $10k. I bet

[Higher Altitude]

Man, now the stars are finally aligning for me again as I have cash on the side and price is dropping. Will step in sub 8k. Maybe it'll crash even harder. The bears are good for something once.

[xhomerx10]

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

There will always be a steady supply of noobs to keep it from bottoming completely. Whales know this, so they walk us down slow to scoop up as much krill as they can mouth. We'll hit $6k before we hit $10k. I bet

 Okay you're on!  If it hits $6k, Boblawblaw buys everyone in the thread a beer.  Deal?

[Rosewater Foundation]

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

There will always be a steady supply of noobs to keep it from bottoming completely. Whales know this, so they walk us down slow to scoop up as much krill as they can mouth. We'll hit $6k before we hit $10k. I bet

 Okay you're on!  If it hits $6k, Boblawblaw buys everyone in the thread a beer.  Deal?

I've seen this episode before. I know how it ends.

[Rosewater Foundation]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

[Toxic2040]

I try my best to lay it out for everyone as best as I can and I think I showed a probability of this happening. The fact of the matter is you all should be adults here and investing fiat that you can afford to lose. Now..that being said..this will recover hard at some point. Its just finding your risk tolerance and acting accordingly. DO YOUR OWN RESEARCH...please.

I am looking at the fib line at $8.265k as a possible area for support to start kicking in if we fall farther. Other data shows that a possible bottom is in the $8k-7.8k range.

Still hodling onto the Schiff channel. I think that if we stay close or above that lower band without a large dip below it(i.e below $7k) to break the trend line, its probable we will see a new ATH by years end. Massive amounts of institutional fiat is about to flood the market over the next couple months. Hang tough kiddo's.

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

There will always be a steady supply of noobs to keep it from bottoming completely. Whales know this, so they walk us down slow to scoop up as much krill as they can mouth. We'll hit $6k before we hit $10k. I bet

 Okay you're on!  If it hits $6k, Boblawblaw buys everyone in the thread a beer.  Deal?

I've seen this episode before. I know how it ends.

Well..we cant have that now. Below $6k and Doug loses he's bet. Not on my watch.

[bitserve]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales.

[marcus_of_augustus]

c'mon bitcoin, you can do it, get up!

[Rosewater Foundation]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales.

OTC sales still hit the streets eventually. 8000 coins did this. Eight. Thousand. Coins. That's it. That's all it takes.