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

[derpinheimer]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

[TERA]

Is there going to be a bear joke or a train every time 1,000 coins are bought? Because this could end up happening hundreds of times during a prolonged downtrend...

[cbutters]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

[derpinheimer]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

[chessnut]

The bears are getting grumpy.

[chessnut]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

..... but if you did the opposite of one of your decisions, then that would still require decision right?

[cbutters]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

[cbutters]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

Thats why I stopped my short trading career.... went back to hodling.

[ChartBuddy]

Explanation

[adamstgBit]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

why do you keep shorting? we're like really close to bottom... we might even be below bottom.  

[derpinheimer]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Im 100% in BTC, I just dont like those sort of cultist comments. "Infinite money". We get it. But that doesnt mean a whole lot.

The exchange orderbooks still look like ass, and coins arent hard to come by, clearly,as it took 1 minute for 550BTC to show up after a 1250BTC buy. Thats awful!

[fonzie]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

Close your shorts immediately and go long to recover losses (or lose double if it goes down to 440$ afterwards)

 

[chessnut]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

Close your shorts immediately and go long to recover losses (or lose double if it goes down to 440$ afterwards)

 

.... go long now to cover losses, and perhaps double capital. here comes mr. string beans.

[adamstgBit]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

why do you keep shorting? we're like really close to bottom... we might even be below bottom.  

hehe  

I don't know, after I have lost 21 bitcoins at MtGox I have been trying to trade as aggressively as possible with my remaining 4 bitcoins only on 2.5 leverage to somehow have a chance at getting my savings back  

Quite a sad story, especially since bitcoin's price was to me in fact always the least interesting aspect of this technology

this is probably why bitcoin is so god damn low

everyone is shorting max leverage to cover gox loses

PS if you take a long at above 510 you really need to stop what your doing and HODL!

[fonzie]

Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.

Simply doing the opposite of my decisions is one of the best indicators available

why do you keep shorting? we're like really close to bottom... we might even be below bottom.  

hehe  

I don't know, after I have lost 21 bitcoins at MtGox I have been trying to trade as aggressively as possible with my remaining 4 bitcoins only on 2.5 leverage to somehow have a chance at getting my savings back  

Quite a sad story, especially since bitcoin's price was to me in fact always the least interesting aspect of this technology

:-( Sorry to hear. Well if you have only 4 left you could give it a try and go leveraged  long until 600 and don´t trade in between.
 

[aminorex]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Hmm.  You could say his manner is a bit short.

[adamstgBit]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Hmm.  You could say his manner is a bit short.

lol

[chessnut]

^^  

you could say he's got a short temper  

[MAbtc]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Bottom line -- "coins are rare and fiat is not" is a horrible basis for short-term analysis.

[chessnut]

^^ true that, but short term analysis says that the short term coins were spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.