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

[El duderino_]

Bakkt Posts 796% Increase in Bitcoin Trading Volume Overnight, Hits New All-Time High

https://twitter.com/RedditBTC/status/1182241763391672321?s=20

Didn't saw to much of that

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[Raja_MBZ]

"Shall we play a game?"

I remember that guy pfffff please don’t be hacked or something 

Hehe, no, I'm not hacked. I actually received the very same message from my friend (who wanted to play multiplayer Call of Duty with me) yesterday and it was a bit surprising to see such a familiar message.

[LFC_Bitcoin]

Bakkt Posts 796% Increase in Bitcoin Trading Volume Overnight, Hits New All-Time High

https://twitter.com/RedditBTC/status/1182241763391672321?s=20

Didn't saw to much of that

That’s weird! Maybe the mini pump we saw yesterday from 81xx to 86xx was predominantly due to trades on BAKKT?

BAKKT won’t do much for the price in the short term but I guess the hope is that institutional money flows in once the avalanche of adoption comes in 2021?

I guess nobody wants to plough their money in now until/unless it’s a sure thing which only becomes apparent once a proper bull run starts.

BAKKT is there ready & waiting for the big money but it won’t go in until it’s obvious we’re going into another parabolic run.

[El duderino_]

"Shall we play a game?"

I remember that guy pfffff please don’t be hacked or something 

Hehe, no, I'm not hacked. I actually received the very same message from my friend (who wanted to play multiplayer Call of Duty with me) yesterday and it was a bit surprising to see such a familiar message.

I think mymenace or something was the guy trolling with that line....

He really drilled that line in my head

[d_eddie]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.

[El duderino_]

Damn it I have to correct a dude.....

"What do you do for a living?"

"I bought tezos 6 months ago."



https://twitter.com/jebus911/status/1182367727828123648?s=20

"I own BTC"

[Raja_MBZ]

"Shall we play a game?"

I remember that guy pfffff please don’t be hacked or something 

Hehe, no, I'm not hacked. I actually received the very same message from my friend (who wanted to play multiplayer Call of Duty with me) yesterday and it was a bit surprising to see such a familiar message.

I think mymenace or something was the guy trolling with that line....

He really drilled that line in my head

Yeah, he used to be just fine until he messed up the whole forum with that stupid sentence.

[El duderino_]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly.

Until the BTC-hammer fall on that short  

[Gyrsur]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly.

Until the BTC-hammer fall on that short  

no homo i guess 

[d_eddie]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly.

Until the BTC-hammer fall on that short  

Jinxing me, brother?? 

[El duderino_]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly.

Until the BTC-hammer fall on that short  

no homo i guess 

######

[Gyrsur]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.

Master, does it mean you open more shorts if the long is growing on the way above? I understand it this way.

[El duderino_]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly.

Until the BTC-hammer fall on that short  

Jinxing me, brother?? 

Everything for a HIGH-BTC-price #

[Gyrsur]

######

^^this is GENIUS!!  

[d_eddie]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.

Master, does it mean you open more shorts if the long is growing on the way above? I understand it this way.

Yes, I brought the short up to the same size as the long when the price spiked, so their entry points are quite a bit closer now. If she goes down as I think she will, I'll cash out part of the short. If she goes up, I'll cash out part of the long. Ideally when she gets back, I can close both legs and keep the proceeds. Or maybe it will be more complicated, so I'll have to adjust things in progress because she likes to tease a lot. For now it's wait and see.

[Gyrsur]

Master Eddie how is your short doing? still hedged with low spread?
#nohomo

Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.

Master, does it mean you open more shorts if the long is growing on the way above? I understand it this way.

Yes, I brought the short up to the same size as the long when the price spiked, so their entry points are quite a bit closer now. If she goes down as I think she will, I'll cash out part of the short. If she goes up, I'll cash out part of the long. Ideally when she gets back, I can close both legs and keep the proceeds. Or maybe it will be more complicated, so I'll have to adjust things in progress because she likes to tease a lot. For now it's wait and see.

i see, i see! you're almost always in the market with positions in both directions and do manage the calculation with your mind. wow! this is f**king brilliant! #nokidding

EDIT: you just have your eye on the margin and manage the positions and size and later you earn the big bucks. i do understand now a bit better. this is like a machine doing its calculations. #matrixstyle

EDIT2: but Master pls don't forget: you need relaxation too i guess. your style seems much stressful to me. to implode is a serious issue.  --> https://youtu.be/wM6exo00T5I  #nohomo

[makrospex]

"Shall we play a game?"

I remember that guy pfffff please don’t be hacked or something 

Hehe, no, I'm not hacked. I actually received the very same message from my friend (who wanted to play multiplayer Call of Duty with me) yesterday and it was a bit surprising to see such a familiar message.

I think mymenace or something was the guy trolling with that line....

He really drilled that line in my head

"Wargames" starring young Matthew Broderick.
This movie drilled that line in my head. It also was the reason for me to start messing around with computers as a young lad.
E.P.I.C

[actmyname]

"Wargames" starring young Matthew Broderick.
This movie drilled that line in my head. It also was the reason for me to start messing around with computers as a young lad.
E.P.I.C

Also a good lesson in chance-based gambling: the only winning move is not to play.

[fillippone]

BAKKT won’t do much for the price in the short term but I guess the hope is that institutional money flows in once the avalanche of adoption comes in 2021?

I guess nobody wants to plough their money in now until/unless it’s a sure thing which only becomes apparent once a proper bull run starts.

Another thing to think about when speaking of Bakkt is that actually not all the institutional money willing to trade BAKKT is able to do so.
To buy Bakkt smaller institutions, that are not exchange members (all smaller institutions, basically) must go trough a clearer.
A clearer is someone rolling your positions from your trading account to the exchange trough their own accounts, and eventually taking care of delivery procedures.
Well, while clearing a cash future is quite trivial, clearing a physical Bitcoin is totally another story.
When CME/CBOT launched a lot of clearer were late in allowing their own clients clear the cash settled bitcoin, even if it was virtually indistinguishable from any other future from clearer’s perspective (being only a sum of cash flows).
As far as I know the story is repeating this time, only in a bigger scale, as available clearer are even less prone to allow clients trade for the moment, I think mainly for technical reasons handling clients bitcoin with good enough security and accountability.

[LFC_Bitcoin]

BAKKT won’t do much for the price in the short term but I guess the hope is that institutional money flows in once the avalanche of adoption comes in 2021?

I guess nobody wants to plough their money in now until/unless it’s a sure thing which only becomes apparent once a proper bull run starts.

Another thing to think about when speaking of Bakkt is that actually not all the institutional money willing to trade BAKKT is able to do so.
To buy Bakkt smaller institutions, that are not exchange members (all smaller institutions, basically) must go trough a clearer.
A clearer is someone rolling your positions from your trading account to the exchange trough their own accounts, and eventually taking care of delivery procedures.
Well, while clearing a cash future is quite trivial, clearing a physical Bitcoin is totally another story.
When CME/CBOT launched a lot of clearer were late in allowing their own clients clear the cash settled bitcoin, even if it was virtually indistinguishable from any other future from clearer’s perspective (being only a sum of cash flows).
As far as I know the story is repeating this time, only in a bigger scale, as available clearer are even less prone to allow clients trade for the moment, I think mainly for technical reasons handling clients bitcoin with good enough security and accountability.

Interesting, thanks mate.