Bitcoin Forum
April 06, 2020, 03:43:29 AM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Where will this rally top out?
Already topped <$7,000 - 19 (25.3%)
$7,000-$7,499 - 6 (8%)
$7,500-$7,999 - 8 (10.7%)
$8,000-$8,499 - 4 (5.3%)
$8,500-$8,999 - 5 (6.7%)
$9,000-$9,499 - 1 (1.3%)
$9,500-$9,999 - 0 (0%)
$10K+ - 32 (42.7%)
Total Voters: 75

Pages: « 1 ... 25575 25576 25577 25578 25579 25580 25581 25582 25583 25584 25585 25586 25587 25588 25589 25590 25591 25592 25593 25594 25595 25596 25597 25598 25599 25600 25601 25602 25603 25604 25605 25606 25607 25608 25609 25610 25611 25612 25613 25614 25615 25616 25617 25618 25619 25620 25621 25622 25623 25624 [25625] 25626 25627 25628 25629 25630 25631 25632 25633 25634 25635 25636 25637 25638 25639 25640 25641 25642 25643 25644 25645 25646 25647 25648 25649 25650 25651 25652 25653 25654 25655 25656 25657 25658 25659 25660 25661 25662 25663 25664 25665 25666 25667 25668 25669 25670 25671 25672 25673 25674 25675 ... 26542 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21587020 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (143 posts by 33 users deleted.)
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1526
Merit: 1289


When over $9000?


View Profile
December 18, 2019, 12:38:07 AM
Last edit: December 18, 2019, 12:53:51 AM by Raja_MBZ
Merited by El duderino_ (1)



This happens too often. However, so far this year, I've been saying one same thing with everyone who talked about bitcoin: "The best performing asset of 2019!"

P.S. It's getting a bit frustrating to see that there has been no strong (at least short-term) fightback by the bulls - I hope this changes in the next few days!
1586144609
Hero Member
*
Offline Offline

Posts: 1586144609

View Profile Personal Message (Offline)

Ignore
1586144609
Reply with quote  #2

1586144609
Report to moderator
1586144609
Hero Member
*
Offline Offline

Posts: 1586144609

View Profile Personal Message (Offline)

Ignore
1586144609
Reply with quote  #2

1586144609
Report to moderator
1586144609
Hero Member
*
Offline Offline

Posts: 1586144609

View Profile Personal Message (Offline)

Ignore
1586144609
Reply with quote  #2

1586144609
Report to moderator
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Majormax
Legendary
*
Offline Offline

Activity: 2338
Merit: 1107


View Profile WWW
December 18, 2019, 12:49:39 AM

What kind of sorcery is this?

This looks ridiculous. Rubbing my eyes for the 2e time... Tongue



https://www.tradingview.com/chart/?symbol=BITFINEX%3ABTCUSDLONGS

This is too out of scale to be a "candid" long position building.
Noticing it started when BAKKT started. Maybe a coincidence?
This is something I will try to look into.
Very intresting.


Opened a thread: this thing is too interesting IMHO:
LONGS on BITFINEX going PARABOLIC

If enough of these longs get liquidated, all the hell will brake loose.
They have been building this longs since one months.
Whoever did that has deep pockets

This is an unprecedented open position, so worth a bit more thought :

Who will be on the short side of this total position ?  It cannot be assumed that the larger traders (or whale) are taking the long side.  The large trader(s) are working progressively either  on the bid side to create a long, or on the offer side to create a short.  The circumstantial evidence obviously points to a short side position,  because the trades have been at successively lower and lower prices. Think about it.

Usually there is a lot of noise in the market, which will mask the way the open interest has happened, but in this unusual case it is crystal clear.

As to the motivation for the position, or the next step in some plan, anyone have any suggestions ?  

The best guess is that this trend will continue for now,  prices walking downwards for some time, with regular snap-back rallies.

HairyMaclairy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1870


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 18, 2019, 12:53:14 AM

I don’t think it works like that.  These aren’t futures in the conventional sense. 

For a long position on Bitfinex you borrow $US to buy BTC on physical market

For a short position you borrow BTC and sell on physical market.

Someone will quickly correct me if I am wrong.
El duderino_
Legendary
*
Offline Offline

Activity: 1008
Merit: 3560


Bitcointalk, where moral and ethical people post!


View Profile
December 18, 2019, 12:53:21 AM

Most bullish sign today - https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Circle got rid of their consumer-facing service just a few short months before the bull run kicked off. Now they've gotten rid of their whale service too.

Excellent.  Just added to my long. 



GOODmorning, mic’s gonna HODLsleep.....
El duderino_
Legendary
*
Offline Offline

Activity: 1008
Merit: 3560


Bitcointalk, where moral and ethical people post!


View Profile
December 18, 2019, 12:54:03 AM

I don’t think it works like that. 

For a long position on Bitfinex you borrow $US to buy BTC on physical market

For a short position you borrow BTC and sell on physical market.

Someone will quickly correct me if I am wrong.

Best option.... never borrow, never be burned....
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1870


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 18, 2019, 12:55:08 AM
Merited by BobLawblaw (1)


This happens too often. However, so far this year, I've been saying one same thing with everyone who talked about bitcoin: "The best performing asset of 2019!"

P.S. It's getting a bit frustrating to see that there has been no strong (at least short-term) fightback by the bulls - I hope this changes in the next few days!

We will bottom in either December or January imho.  We are within $1,000 of the bottom I expect.
Majormax
Legendary
*
Offline Offline

Activity: 2338
Merit: 1107


View Profile WWW
December 18, 2019, 12:58:20 AM

I don’t think it works like that.  These aren’t futures in the conventional sense. 

For a long position on Bitfinex you borrow $US to buy BTC on physical market

For a short position you borrow BTC and sell on physical market.

Someone will quickly correct me if I am wrong.

In that case the BTC will either have to be lent by the counterparty or sold by them. I admit I don't know how Bitfinex works.

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1870


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 18, 2019, 01:00:19 AM

I don’t think it works like that.  These aren’t futures in the conventional sense. 

For a long position on Bitfinex you borrow $US to buy BTC on physical market

For a short position you borrow BTC and sell on physical market.

Someone will quickly correct me if I am wrong.

In that case the BTC will either have to be lent by the counterparty or sold by them. I admit I don't know how Bitfinex works.

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

Yes you lend $ or BTC on BFX. BFX is not the counterparty, just the exchange. 
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:04:56 AM

I'm not too fond of spicy food or spicy pasta, but that's just me. I like them bland.

Just like your wimmens?

I keed, I keed.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:07:52 AM

We used to have a bot account that posted these literally every hour, on the hour.

‘ChartBuddy’

I can’t remember exactly why it stopped but I think it was managed by Adam or RichyT. Somebody like V8 will know what happened.

I miss it though.

CharBuddy's creator got tired of the stupid abuse. Left for more hospitable climes. Over on The Forum That Shall Not Be Named.

He was a big blocker, when it didn't go his way he left and took chartbuddy with him

For some unconventional value of "it didn't go his way", yes.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:14:10 AM

Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.

Hunh huh... 'supposed' ... JJG tryna make a funny.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:21:53 AM

It depends how big is the loan. I for example have 2 credit cards which are almost empty. ... But my insurance is that my card is almost empty anyway. .

Hmm. Your 'credit' cards don't seem to work the same way mine do.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:23:07 AM

Starting Jan. 3, Coinfloor, the oldest crypto exchange in the UK,

One word. Nefario.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 01:25:44 AM

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

GalacticMindExplosion.gif
bitserve
Legendary
*
Online Online

Activity: 1162
Merit: 1133


Self made HODLER ✓


View Profile
December 18, 2019, 01:45:21 AM
Last edit: December 18, 2019, 01:56:48 AM by bitserve

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

GalacticMindExplosion.gif

counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*.
Wexlike
Legendary
*
Offline Offline

Activity: 1406
Merit: 1028


<3


View Profile
December 18, 2019, 02:07:43 AM

I dunno

I'm just not feeling the pain yet

I'm in your boat, feeling nothing.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2212
Merit: 2528


How much alt coin diversification is needed? 0%?


View Profile
December 18, 2019, 02:12:21 AM

Stock to flow reductio ad absurdum

https://twitter.com/digitalikNet/status/1207032051779674112

I around 2041 any schmuck with 0.1BTC is a billionaire, lol.

Which is the reason stock to flow model does not predict the future price. It just does... until it doesn't.

We would be *extremely* lucky if it does for another cycle.


I am not even going to talk with you bearshills.

You are depressing.


JayJuanGee
Legendary
*
Offline Offline

Activity: 2212
Merit: 2528


How much alt coin diversification is needed? 0%?


View Profile
December 18, 2019, 02:28:35 AM
Merited by WastedLTC (2)

The current price is looking sooo tempting  Shocked Should I go full in now, or wait for another dip? Or be rational and buy in 2-3-4 portions? Huh This is the question! Huh

Wait.  For sure.

Perhaps wait for sub $3k.

Why would you want to buy now?  There has ONLY been less than a 50% correction from the $13,880 local high.

Actually, I am all in in terms of life savings, but not in terms of networth, since I don't have a bank loan and I own my place and a car. Now I am tempted to take a loan from the bank guaranteed only by my state job salary and not by mortgage or anything like this. I've been playing various scenarios because a bank loan is a risky thing. What I've come
to as a solution is to take one loan to buy at the current levels with monthly payments for 10 years equal to 1/6 of my salary. The annual interest is 5%, so at the end is slightly above 25% for the whole period. I can't risk all money at once, since the price can fall to 3K. If this happens I can double the loan. I still have my cold stash which would be 3x-4x bigger than the loan and is an insurance against a theoretical job loss. I suppose the risk is not too big, since my state job is with an ulimited contract. My motive is not some greed for a quick profit, but rather to reach an amount in bitcoins which I had in my mind. I tried to reach it but I failed for various reasons. And most probably I won't reach it, because max 1 year after the halving the price will stay higher than 10K. If you want to encourage me (or not) go ahead, every opinion will be appreciated!

I am not against loans or anything like that, but it is good to have all your finances in order.

Dollar cost averaging is a proven method that works in the long run.  You should be trying the easier methods before more complicated leveraging matters, but in the end the choice is yours, and you need to figure your whole situation.

I started buying BTC in 2013 at the top of the then cycle, and I had an initial budget for six months and then after six months I extended it.  Pretty much by the end of the year I had reached my target, but the BTC price dynamics are surely different now as compared with late 2013, yet you still should be considering a budget and a methodology that works for you and does not put you in any stress position while preparing for the price to go in either direction.

What i usually suggest is that if someone wants to establish a stake in BTC that they establish an initial budget that accounts for money available now and future cash flow.  If you have $6k available now and you have $6k that is going to be available for BTC investment through your cashflow over the next 6 months, then you can pretty much assure that you have a $12k budget over the next 6 months.

You can divide the $6k that is available now into three parts.  $2k each.  1/3 invest immediately, 1/3 schedule to buy on BTC price dips and 1/3 to dollar cost average over the next 6 months.   As your $6k of additional income that is allocated for BTC comes in the next 6 months, you can do the same.  Buy 1/3 right away 1/3 to your buying on dips stash and 1/3 towards your DCA plan over the next 6 months. 

Of course, no matter what you do, you should make sure that you have a sufficient cash flow to cover your expenses and even an emergency fund.  Depending on how complex are the expenses of your life, you should minimally plan out 6 months, but if youhave a lot of various expenses (or even a business or uncertainties from some of your income sources) then you might want to plan out 18 months to 2 years in advance, just to make sure that you are covered based on anticipated incomes (sure sources and less sure sources, always planning for worser case scenarios).  You don't want to get stuck having to cash out any part of your BTC that is at a time that is NOT completely of your own choosing, which goes to the principle of not investing more than you can afford to lose (in that regard you are never emotionally attached to the direction of the price because you have already reasoned through why you are investing into BTC).

So finally, your investment into BTC should be specifically tailored to yourself which involves considerations of your cash flow, your other investments, your timeline, your view of BTC as compared with other investments, your risk tolerance and the amount time and skills you have available to manage your BTC fund and research further so that you can tweak your plan from time to time, as needed.

bitserve
Legendary
*
Online Online

Activity: 1162
Merit: 1133


Self made HODLER ✓


View Profile
December 18, 2019, 02:40:47 AM

^TL;DR: DYOR.
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1426


lose: unfind ... loose: untight


View Profile
December 18, 2019, 02:52:39 AM

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

GalacticMindExplosion.gif

counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*.

Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie.
Pages: « 1 ... 25575 25576 25577 25578 25579 25580 25581 25582 25583 25584 25585 25586 25587 25588 25589 25590 25591 25592 25593 25594 25595 25596 25597 25598 25599 25600 25601 25602 25603 25604 25605 25606 25607 25608 25609 25610 25611 25612 25613 25614 25615 25616 25617 25618 25619 25620 25621 25622 25623 25624 [25625] 25626 25627 25628 25629 25630 25631 25632 25633 25634 25635 25636 25637 25638 25639 25640 25641 25642 25643 25644 25645 25646 25647 25648 25649 25650 25651 25652 25653 25654 25655 25656 25657 25658 25659 25660 25661 25662 25663 25664 25665 25666 25667 25668 25669 25670 25671 25672 25673 25674 25675 ... 26542 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!