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

[HairyMaclairy]

Yeah I have NFI who the end client is.  And if they have that much fiat to throw around they are a player and can take care of themselves.

[HairyMaclairy]

Might be a noob question, but could you short sell BTC back in 2015? Where could you short sell BTC for the first time and when was it?

Yes Bitfinex.  I think they opened in 2012. 

[Deeyoh]

A contact of mine who works in finance just asked me how he could buy 30,000 BTC on behalf of one of his clients

So uh anyone want to do an OTC give me a PM. Introduction only, DYOR yadda yadda

I told him to go speak to Cumberland as well.  

This would be easy.  Just pick an exchange like Coinbase and put up 1000 BTC buy walls until you have what you want.  Plenty of bears and panicking newbs around now days to sell into them.

[Toxic2040]

This would be easy.  Just pick an exchange like Coinbase and put up 1000 BTC buy walls until you have what you want.  Plenty of bears and panicking newbs around now days to sell into them.

Its really not all that easy as you would think. Even a 1k buy could move the price quite substantially..not to mention fee's. As in most cases its a time factor however.

[yefi]

Yesterday, Bitcoin had its biggest daily trade volume in its history

https://bitcoinist.com/reversal-bitcoin-biggest-volume-history/

https://twitter.com/CryptoQF/status/1075970010168778753/photo/1

I find it strange that this is not reflected in the volume data for more reputable exchanges like Stamp.

[Bitcoinaire]

Fuck.

It's unlikely the CFTC will act in time for ICE to launch Bakkt as planned on Jan. 24, CoinDesk has learned.

https://twitter.com/coindesk/status/1076285284654989313

[realr0ach]

In case anyone is wondering what Micgoossens is doing, I have set up a live camera of him for anyone who wants to watch live as he tries to scam people into buying imaginary, valueless shitcoins instead of physical metals:

[Toxic2040]

Yesterday, Bitcoin had its biggest daily trade volume in its history

https://bitcoinist.com/reversal-bitcoin-biggest-volume-history/

https://twitter.com/CryptoQF/status/1075970010168778753/photo/1

I find it strange that this is not reflected in the volume data for more reputable exchanges like Stamp.

Oh its there..but perhaps a bit more cleverly masked..  Volume has been up since the sell off started mid Nov. and at the end of the month someone started buying the dumps. Its pretty much continued thru Dec. until a week ago when the dumper either ran out of coin or...something else happened. #dyor
 

[realr0ach]

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.

[HairyMaclairy]

The volume is solid but it’s not spectacular.   It definitely is not the largest ever.  We know 90% of the volume on most exchanges listed on Coinmarketcap is fake. 

[goldkingcoiner]

Image of guy shitting, bitcoin stable. All looks fine to me. Good night.

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.

And then they steal back the worthless token.

[bitserve]

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

[HairyMaclairy]

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

Except you are shorting it on BFX.... 

[Toxic2040]

The volume is solid but it’s not spectacular.   It definitely is not the largest ever.  We know 90% of the volume on most exchanges listed on Coinmarketcap is fake.  

Maybe 15.11.4?  Somewhere in the neighborhood of 105k on the buy side..33k on the sell.

*edit*
Looks like 13.12.18 actually..whatever...   And really on further reflection..this is all exchanges now. There are many more today then previous years.

There are more coins being traded in more places so perhaps there is some sense to it after all.

[realr0ach]

BFX introduces margin trading for USDT.  I can’t even

http://blog.bitfinex.com/announcements/bitfinex-introduces-margin-trading-usdtusd/

Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in).
It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.

https://i.imgur.com/Yh3Y20m.gif

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

You do not initiate a 'flight to safety' by opening a short on anything.  You would simply dump your Tether and buy another asset instead and withdrawl it off the fraudulent exchange Bitfinex.

[bitserve]

It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.

Except you are shorting it on BFX....  

Yeah, I didn't say it was the best idea

[bitserve]

I have just remembered it has always been possible to short USDT on kraken. I did once... with not much success.

[JayJuanGee]

bitcoin will remain at 4000 for the year, but top-10 altcoins will grow due to oversold, BCH especially. In 2015, bitcoin was 200 all year, and litecoin grew from 1.3 to 8

We are not in 2015 anymore, Dorothy.  

Sure, but markets without obvious fundamentals trade the same. The absolute numbers are irrelevant here.

Do you believe that fundamentals of BTC and market dynamics are similar to early 2015?  Do you believe that charts match up, and so we are going to experience similar dynamics in early 2019 as we saw in early 2015?  

Sure, it is possible, but how much weight are you going to give to such a scenario?  How much you going to bet on such a scenario to play out?  Personally, I would not bet much on that, and even betting anywhere close to 50% on such a scenario playing out seems quite imprudent to me, but hey, to each their own.

By the way, I am not suggesting that Bitcoin does not have a fairly heavy burden to get back above $6k and to stay above $6k, I am just questioning the likelihood of painting either doom and gloom scenarios or flat price scenarios for BTC that drag out a long time based on prior charts and attempting to place a lot of credence in previous patterns.

Might be a noob question, but could you short sell BTC back in 2015? Where could you short sell BTC for the first time and when was it?

I am surely not a shorting expert, and generally, I agree with your premise that shorting options are greater now than they were in 2015.   

I am pretty sure that Bitfinex offered shorting options during the whole of 2015, and several BIG chinese exchanges (to the extent that their trade was not fake) offered bitcoin shorting in 2015.

I am not sure about any other avenues of shorting BTC that would have then been available because of course, overall, there are way more exchanges and financialization tools available now, yet I am have my doubts about folks who want to argue that bitcoin is going to zero, now, because there are way more shorting opportunities currntly available in the BTC space. 

Anyone else have more accurately and question responsive memory (and/or experiences) than me?

[JayJuanGee]

Yesterday, Bitcoin had its biggest daily trade volume in its history

https://bitcoinist.com/reversal-bitcoin-biggest-volume-history/

https://twitter.com/CryptoQF/status/1075970010168778753/photo/1

I find it strange that this is not reflected in the volume data for more reputable exchanges like Stamp.

Does that absence from the Bitstamp numbers mean that we should take the volume data with a grain of salt?  Are we being duped by some folks wanting to suggest a bitcoin trade volume level that does not exist (or an exaggerated set of data)?  Many of us likely realize that sometimes there can be misinformation that tries to manipulate us into doing something that we would not otherwise do... for example, FOMO buying.

[realr0ach]

I can't figure out which one is JayJuanGee: