LFC_Bitcoin
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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May 11, 2018, 08:40:09 PM |
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Looking like $8,000 will get tested
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vroom
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Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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May 11, 2018, 08:40:53 PM |
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freaking beartards  |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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May 11, 2018, 08:44:52 PM |
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I am starting to get pissed by this price action
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Agapios
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Activity: 135
Merit: 17
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May 11, 2018, 08:46:01 PM |
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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 ? 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-futuresHere'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/bitcoinYour 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 |
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mike4001
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May 11, 2018, 08:46:11 PM |
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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. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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May 11, 2018, 08:52:22 PM |
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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? |
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Bitcoinaire
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May 11, 2018, 08:56:33 PM |
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Seems like the FUD has been extra thick lately. Hopefully it's the dip before we rally during blockchain week.
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Raja_MBZ
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Activity: 1862
Merit: 1505
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May 11, 2018, 08:57:08 PM |
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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? |
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Derpinheimer2
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Activity: 69
Merit: 4
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May 11, 2018, 09:03:40 PM |
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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? |
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LFC_Bitcoin
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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May 11, 2018, 09:04:22 PM |
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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. |
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LFC_Bitcoin
Legendary
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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May 11, 2018, 09:08:00 PM |
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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? |
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Derpinheimer2
Jr. Member
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Activity: 69
Merit: 4
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May 11, 2018, 09:14:07 PM |
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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. |
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luckygenough56
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Activity: 1526
Merit: 1012
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May 11, 2018, 09:16:29 PM |
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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.
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Rosewater Foundation
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May 11, 2018, 09:19:50 PM |
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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 |
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Higher Altitude
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May 11, 2018, 09:27:10 PM |
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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.
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xhomerx10
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Activity: 3822
Merit: 7962
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May 11, 2018, 09:34:39 PM |
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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? |
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Rosewater Foundation
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May 11, 2018, 09:37:24 PM |
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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.  |
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Rosewater Foundation
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May 11, 2018, 09:40:49 PM |
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Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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May 11, 2018, 09:48:30 PM |
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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. |
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