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

[BBmodBB]

how do you go short BTC? =\ tia!

Bitfinex.com

^looks sketchy ~ Hong Kong? i'll stay away >> https://bitcointalk.org/index.php?topic=229438.3120

[billyjoeallen]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

[chessnut]

Hey, if I can laugh and troll bearish, we've not seen capitulation yet.  

Is that how it works?

No, thats not how it works. But you can keep laughing and trolling if you want.

[JayJuanGee]

if you already have CNY on the exchange then arbitrage is possible.

Then arbitrage potential must be limited, because the loop is closed.

if you just walk in to the exchange with cash in hand, you can load up all you want.

if you have $100 million in dirty money in China you need to move, your lucky day has just ARRIVED

I was also wondering a good use for the Bitcoin ATMs... and this may be one of those good uses, no?

[KeyserSoze]

He is a pretty good speaker but he is so blind to his position that he is easy to laugh at as well. He said something like, "You won't find a 9000% price rise like that anywhere else on this planet, or any planet."

I went back to get a correct quote on this...
https://www.youtube.com/watch?v=QgdEwv381Z0 18:40
"What was unusual about this price run-up, at the peak in 2013, was the fact that this was a 9000% increase. No where on this planet or any planet has there been that sort of price increase."

[BBmodBB]

if you already have CNY on the exchange then arbitrage is possible.

Then arbitrage potential must be limited, because the loop is closed.

if you just walk in to the exchange with cash in hand, you can load up all you want.

if you have $100 million in dirty money in China you need to move, your lucky day has just ARRIVED

I was also wondering a good use for the Bitcoin ATMs... and this may be one of those good uses, no?

batting practice? LOL =)

[ChartBuddy]

Explanation

[David M]

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

May I ask how much loss (%) you were holding overnight?

Do not be afraid of the night.

In days gone by, closing a position at end of day usually bought regret 24 hours later.*

*Results based on 1987-2001 Futures trading.

[BBmodBB]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! jmho!!!

[surfer43]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! jmho!!!

I finally learned that lesson today the hard way. smh.  All it is is gambling.

[uhoh]

Proper capitulation and hopelessness is taking hold. Been through enough of these now. Never been a better time to buy.

EDIT: Well, maybe next week

[Guinpen]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! jmho!!!

I'll play the ignorant n00b card again... could you please explain what trading on a margin means?

In my defense, it does say "Newbie" on the left

[silverfuture]

Shit adds up at the bottom.

https://www.youtube.com/watch?v=bwNDsyPstVA

[JayJuanGee]

OK so now we are NO longer talking about 3rd parties but we are talking about banks... we already know that they cannot deal with banks.. that is NOT new.. the only thing  that would be new would be if they could NOT accept fiat from 3rd parties.. no?  what am I missing?

From coindesk:
OKCoin revealed via its website that it had been contacted by one of its third-party payment processors, and that as a result, it will stop servicing deposits via prepaid card. Debit cards and yuan withdrawals, however, are not affected.

+ huobi and btcchina still didn't get anything (or they are lying)....

Doesnt that really seem to be that these processors are merely attempting to disallow payment processing means that are  connected with banks, and to suggest that there are still some other avenues available to process payments.  In other words, NOT really any change from what had been expected in December 2013... only an implementation communication.that communicates the same news that had previously been disclosed.

[deadfi$h]

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

I learned the same lesson a week ago in the first big (recent) drop from the China news. Clawing my way back out of the red now.

Majorly sucks though.

[aminorex]

new lows.  china appears to be decoupling.  $32 spread now.

[Equus]

I'll play the ignorant n00b card again... could you please explain what trading on a margin means?

https://bitcointalk.org/index.php?topic=126798.0

also:

https://bitcointalk.org/index.php?topic=177133.0

[uhoh]

China is out of the game. Considering that most of the reported trade volume was fake anyway I doubt this is going to make as much difference as everyone thinks.

[bassclef]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! jmho!!!

I'll play the ignorant n00b card again... could you please explain what trading on a margin means?

In my defense, it does say "Newbie" on the left

It's when you borrow money (or bitcoins) to bet that the market is going in a certain direction instead of simply buying/selling. If you're right, you win more. If not, you lose more.

[silverfuture]

Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76

I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! jmho!!!

I'll play the ignorant n00b card again... could you please explain what trading on a margin means?

In my defense, it does say "Newbie" on the left

http://www.investopedia.com/dictionary/  is a good resource.