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

[EuroTrash]

Care to explain wtf is overstock.com to an European fellow that never heard about them before?

http://www.overstock.com/intlcountryselect

* EuroTrash drooling

[oda.krell]

Would you guys comment on bitfinex please? Seems like in a bearish state-of-mind, shorting would be a useful tool.

What do you want to be commented on?

The exchange is run by one very friendly, extremely competent engineer, and one asshat (who unfortunately is in charge of their PR).

They have lots of potential, but their biggest problem is reliability: if you plan on trading large-ish amount, I'd recommend trading on bitstamp (their "attached" exchange) directly.

[EuroTrash]

 

I think I see Edward50 back by the radio tower.

Now that one is another crash coming.

[nmersulypnem]

FYI.  Bitfinex margin trading is working again.

[windjc]

Would you guys comment on bitfinex please? Seems like in a bearish state-of-mind, shorting would be a useful tool.

What do you want to be commented on?

The exchange is run by one very friendly, extremely competent engineer, and one asshat (who unfortunately is in charge of their PR).

They have lots of potential, but their biggest problem is reliability: if you plan on trading large-ish amount, I'd recommend trading on bitstamp (their "attached" exchange) directly.

Who is the asshat? Are you talking about Raphael? Because, except on one occasion, I have found him to be very helpful and responsive if not a shade clueless.

[arklan]

I really do Love bitcoin... Such a wild ride lately. And no telling what is coming, since news like overstock can hit anytime. Wooo!

[damiano]

FYI.  Bitfinex margin trading is working again.

Party starts now

[manfred]

Thats overstocks audio interview:
https://soundcloud.com/newsbtc/patrick-byrne-of-overstock

[CryptStorm]

Would you guys comment on bitfinex please...

What do you want to be commented on?

The exchange is run by one very friendly, extremely competent engineer, and one asshat (who unfortunately is in charge of their PR).

They have lots of potential, but their biggest problem is reliability: if you plan on trading large-ish amount, I'd recommend trading on bitstamp (their "attached" exchange) directly.

Who is the asshat? Are you talking about Raphael? Because, except on one occasion, I have found him to be very helpful and responsive if not a shade clueless.

Thank you guys-- yes, Oda, that helps. Mostly I was wondering about reliability, so I'm still concerned about it. However, it 'sounds' like they are the most reliable exchange that allows shorting (I didn't think Bitstamp does, idk).
And, I imagine that under a couple of hundred coins (not saying) is not large-ish. Whaddya think?

Again, thanks to both of you. :-)

[Sitarow]

The question is... What side are you on?

[CryptStorm]

Care to explain wtf is overstock.com to an European fellow that never heard about them before?

http://www.overstock.com/intlcountryselect

* EuroTrash drooling

I'm glad they're forcing me to wait until late 2014.  I'm pretty sure I'd end up spending quite a bit there if they were already accepting BTC.

Right!? Being able to easily spend BTC will be the fun part... *back to work accumulating*

[macsga]

Is Loaded up yet? I want to know what happened in that toilet in China

Dead/dying now. Going to sleep for 15 hours. Expect some upside IF I had any successful.

Yes, I did specifically have to request a normal toilet in a five star hotel suite. They put it in the bathroom away from where I'm sleeping. I ruined a thousand dollar suit the last time I had to use one of those.

[windjc]

This is just how I see it.  I could and I probably am wrong, but this is what I have in my mind, for the short term future.

Agreed.  We are about to move back down.  I expect a new low.

lol, new low is correct. but rather a new low of your btc holdings.

(those of you who did sell above 900  )

Short term trade. Target 750(btce) 800(mtgox) and get out. > 25% move if you got in correctly.

I trade litecoin, so I may end up getting >40%

Whats your target on the downside?

[macsga]

As a last comment for the night, before I leave you for the land of dreams (me and Loaded gonna meet there), I'm posting this for the newbies. Have a nice one people; goodnight from Greece.

I personally follow and post here the UPDATED 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HODL!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

[JimboToronto]

This is my OFFICIAL trolling space, so I beg your pardon! I've also have the OP's ratification on this... ain't that Adam?

Oh, you misunderstand. I'm in favor of trolling the thread with trains and rockets. I think we should all just do that for about 4 or 5 solid pages.

Aaaaw? Does it have to be trains and rockets?

[JorgeStolfi]

What's clear is that China has ostensibly decoupled. However, I doubt another dump there would not be reflected across the market, rather the opposite, and within a week or two.

Actually Mt.Gox is still tracking BTC-China. (Or the other way around? Or both are tracking someting else?).
However the "exchange rate" jumped by some 10-15% since Dec/17.
The chart below shows hourly closing pricesfrom Nov/28 (day "-2") 00:00 to Dec/19 21:00.

[oda.krell]

Would you guys comment on bitfinex please? Seems like in a bearish state-of-mind, shorting would be a useful tool.

What do you want to be commented on?

The exchange is run by one very friendly, extremely competent engineer, and one asshat (who unfortunately is in charge of their PR).

They have lots of potential, but their biggest problem is reliability: if you plan on trading large-ish amount, I'd recommend trading on bitstamp (their "attached" exchange) directly.

Who is the asshat? Are you talking about Raphael? Because, except on one occasion, I have found him to be very helpful and responsive if not a shade clueless.

Raphael is the, allow me to quote myself, "very friendly, extremely competent engineer". I'll leave it as an exercise for the reader who the asshat is

Would you guys comment on bitfinex please...

What do you want to be commented on?

The exchange is run by one very friendly, extremely competent engineer, and one asshat (who unfortunately is in charge of their PR).

They have lots of potential, but their biggest problem is reliability: if you plan on trading large-ish amount, I'd recommend trading on bitstamp (their "attached" exchange) directly.

Who is the asshat? Are you talking about Raphael? Because, except on one occasion, I have found him to be very helpful and responsive if not a shade clueless.

Thank you guys-- yes, Oda, that helps. Mostly I was wondering about reliability, so I'm still concerned about it. However, it 'sounds' like they are the most reliable exchange that allows shorting (I didn't think Bitstamp does, idk).
And, I imagine that under a couple of hundred coins (not saying) is not large-ish. Whaddya think?

Again, thanks to both of you. :-)

Reliability issues, as I've encountered them, include the ability to use leveraged trading (which has a habit of "breaking" when things move fast, i.e. during a crash) ("breaking" meaning for example, that they have in the past turned it off entirely when they thought markets were overheating -- a huge fauxpas, IMO), and perhaps more importantly, their link to Bitstamp can be problematic: during a rally it happens regularly that they run out of USD on Bitstamp... they're aware of it, they regularly send fresh money there, I'm not accusing them of being amateurs... I just have to point that it is a fact that, regularly, trades can't be executed on Bitstamp when the market moves fast (up, usually).

My recommendation would be: if you have relatively *little* capital, trade on Bitfinex. The ability to use leveraged trading can be helpful then, if you know what you're doing (if you don't, you'll be bankrupt soon.)

If you trade amounts in the range of 100 BTC upwards, I would personally recommend Bitstamp. You lose the ability to use leverage, but then again, slippage is already bas as it is with larger trades, so unless you really *want* to see your order eating through the entire order book, you don't want to use leverage anyway.

[Rampion]

Care to explain wtf is overstock.com to an European fellow that never heard about them before?

Typical forum member, why research it myself and get real answers, when I can ask manipulators, schemers, and total schmucks...

Mine was just a way of saying that nobody knows who the f is overstock.com outside the US - and no, overstock is not only "one step behind amazon", in terms of turnover is at least 30 steps behind amazon, which is indeed a global brand.

I guess my irony was not very good, sorry for that.

[ElectricMucus]

That overstock interview smells fishy.

[CryptStorm]

big chart thing here

This is just how I see it.  I could and I probably am wrong, but this is what I have in my mind, for the short term future.

Agreed.  We are about to move back down.  I expect a new low.

lol, new low is correct. but rather a new low of your btc holdings.

(those of you who did sell above 900  )

Short term trade. Target 750(btce) 800(mtgox) and get out. > 25% move if you got in correctly.

I trade litecoin, so I may end up getting >40%

Whats your target on the downside?

I'm in complete agreement (it's as though I'm learning) -- I'm in at 490 (a bit better than 40% return already), so feeling good, hoping for 800 (830?)
Downside, probably below 400. You?

Edit: I just saw the continued dialogue above-- pays to read, I 'spose. :-) ("stealing" he says, hehehehe)