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

[soullyG]

OFFTOPIC: Why is everyone with a CAP on the avatar?

https://www.youtube.com/watch?v=1Y_KNYNzN6A

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[Elwar]

Price is still so low.

[alevlaslo]

Two years 5K stablecoin. Who needs Tether now?

.... bitcoin doesn't work like that.

Buy eth and ltc

[El duderino_]

OFFTOPIC: Why is everyone with a CAP on the avatar?

Comrade XhomerX Made us

No something started by Fun and Homer creates them cause his an awesome Guy , all out of pleasure
The hats has show Some Nice things in here .... generousity etc
Should Pm him your avatar chose and he Will fix something

[LFC_Bitcoin]

Buy eth and ltc

If you want to be pointed & laughed at for being a shit coin enthusiast.

[alevlaslo]

Buy eth and ltc

If you want to be pointed & laughed at for being a shit coin enthusiast.

LTC increased from 1 to 5 in 2015, but BTC stayed at 200

[jbreher]

We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".

Congrats, dude. It's a draining, but rewarding ride. Buckle in. You'll get your life back (what you can remember of it) in two or three decades.

[bitserve]

Deutsche Bank headquarters raided over money laundering

https://www.bbc.com/news/business-46382722

[Wilhelm]

Buy eth and ltc

If you want to be pointed & laughed at for being a shit coin enthusiast.

I believe in ETH becoming a respectable player. ETH infrastructure is growing.
LTC infrastructure is not really evolving.

So I will invest in ETH next to my BTC stash. ETH has a higher profit margin if it goes back to $1500.

[El duderino_]

Deutsche Bank headquarters raided over money laundering

https://www.bbc.com/news/business-46382722

Haha yes it was just on the radio news as well

[LFC_Bitcoin]

I haven't been active here much, but I'm still alive. I will try to at least delete the worst shitposting. Reporting particular posts to me via PM is helpful.

We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".

Congrats dude!

[kurious]

I haven't been active here much, but I'm still alive. I will try to at least delete the worst shitposting. Reporting particular posts to me via PM is helpful.

We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".

Congratulations infofront!  Don't feel the need to justify any absence in the circumstances, it's totally understandable.

Best wishes to the three of you.

[bitserve]

I haven't been active here much, but I'm still alive. I will try to at least delete the worst shitposting. Reporting particular posts to me via PM is helpful.

We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".

Congrats bro!!

[d_eddie]

I am trying to understand what you just said. If I understand it correctly, instead of closing your current short what you did is buy an equal amount of BTC so that you are hedged if the price continues to go up but, ok. But, if instead it goes down, your short is in profit but you lose an equal value on your recently bought physical. So basically you are paying lending fees for nothing?

Does it have anything to do with taxes? I really can't understand why you would do that instead of just closing the short... or I am missing something here.

I believe that the price will go down in the short term and up in the long term.  So I believe that I can turn a short term profit on my short and a long term profit on the physical.  I also believe that profit will exceed any lending fees.  But if I am totally wrong, my position is neutral (other than lending fees) until I decide to close the short.  Lending fees are sufficiently low over the relevant time span that they can be disregarded.  

On the other hand, if I close my short all I do is crystalise the loss.

The two legs to keep balance.  

Maybe I should be buying options instead to hedge the short but I haven't gotten my head around how to properly price that scenario. 

I haven't thought about options yet, either. Options where? Binance?

[d_eddie]

Corn is fluttering
Observer unattended
Infofront's baby


CONGRATS!  

[Last of the V8s]

Maybe I should be buying options instead to hedge the short but I haven't gotten my head around how to properly price that scenario.  

I haven't thought about options yet, either. Options where? Binance?

no binance is where you go to lose money on shitcoins
deribit is the place if you want to lose money on options
but deribit is getting love and liquidity; dyor ymmv byob etc
https://www.youtube.com/channel/UC1P_1oxI07oWp1u_UuRuQBA
https://medium.com/@ThinkingUSD/deribit-bitcoin-options-and-volatility-b370ba276761
https://medium.com/@NeoButane/a-short-guide-to-deribit-bitcoin-options-80bac43d8d03

but i keep saying you would all (most of you ok) make much more using simplefx, trading cfd's (there are other platforms)
if even i can get my head round that you bipedal poets can too

[qwizzie]

Bitstamp and Bitfinex prices getting closer to each other :

Bitstamp : $4322
Bitfinex / Tether : $4385

Healthy sign.

[HairyMaclairy]

$4327

There's nothing like the smell of rekt shorts in the morning.

Sorry Hairy....

As mentioned earlier I am now fully hedged (actually 2x hedged but disregard that) and net long.

I fucking love rekt shorts.    

Also I’m not rekt until $7.5k so bring it mothefuckrrs.

Disclaimer:  I may have been drinking so my spelling may be off.

Edit:  I may need to host a Hairy is rekt party if we hit $7,5k before we hit $3,9k.

[bitserve]

Bitstamp and Bitfinex prices getting closer to each other :

Bitstamp : $4322
Bitfinex / Tether : $4385

That's probably because of this: https://www.bitfinex.com/posts/319

[qwizzie]

Bitstamp and Bitfinex prices getting closer to each other :

Bitstamp : $4322
Bitfinex / Tether : $4385

That's probably because of this: https://www.bitfinex.com/posts/319

Make sense, thanks.