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wachtwoord
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Activity: 2380
Merit: 1141
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April 12, 2014, 04:26:33 PM |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate? Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$. We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up. Of course the price can likely crash afterwards again. If one whale buys now 3000 BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price. But first the price has to get to 500$ though. I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really plans a market buy to perform this right now, but we have seen this before. So as a whale: 1. Setup sells in the range $500-$700 2. Market buy to trigger liquidations 3. Automatically get bought into 4. profit (insta) |
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jonoiv
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April 12, 2014, 04:27:05 PM |
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EDIT: can't see us hitting $450 anytime soon.
wednesday Thanks for the reply  "Wednesday" on it's own doesn't really help me see your opinion. |
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fonzie
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April 12, 2014, 04:28:43 PM |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate? Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$. We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up. Of course the price can likely crash afterwards again. If one whale buys now 3000 BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price. But first the price has to get to 500$ though. I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really plans a market buy to perform this right now, but we have seen this before. So as a whale: 1. Setup sells in the range $500-$700 2. Market buy to trigger liquidations 3. Automatically get bought into 4. profit (insta) It´s probably not 100% sure that it works out always, but if it is well planned the chances are high. Also a whale would be in advantage if he knew how many stop loss are set and where exactly.... |
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Davyd05
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April 12, 2014, 04:29:51 PM |
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EDIT: can't see us hitting $450 anytime soon.
wednesday Thanks for the reply "Wednesday" on it's own doesn't really help me see your opinion. pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday. |
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EuroTrash
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April 12, 2014, 04:32:10 PM |
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EDIT: can't see us hitting $450 anytime soon.
wednesday Thanks for the reply "Wednesday" on it's own doesn't really help me see your opinion. pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday. He didn't say which week. |
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pjviitas
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April 12, 2014, 04:34:07 PM |
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Fucking bears.
It went down to $336,-
Still they be: UGH, I WANT IT TO GO LOWER. I GOT SO MUCH MONEY TO SPEND ON BITCOINS, LIKE OMG. Shut the fuck up already. It's been at $336,-. You missed it. Bad luck. Get your BEAR balls together(if you even have some balls) and get the fuck in.
Honestly, all this bullshit talk about wanting to have cheap coins. All a sudden it's at $336 and they still DONT fucking buy coins. Your fake, seriously.. fake.
The hard reality is that Bitcoin is just not that attractive once you start to use it. If you use it as a currency you need to pay to get it like any other foreign currency. It's like converting my CAD to USD just to spend my CAD. If you use it as an investment it's really no different than many other investments. It has it's heyday and it has its lows and everything in between. If you use it as a speculative instrument you had better know what your doing. Some of the commentary on trollbox even leaves day-traders baffled. If you want to mine it then your too late. You can't put more than about 1TH/s on one 15A breaker...how many spare 15A breakers do you think your have in your home? So what's Bitcoin worth to me? I say single digits...if it went into the single digits then I could justify getting back in. Until then I am going to just sit back and watch the fireworks...I love the Bitcoin drama...I mean you can't buy tickets to this kind of entertainment. On a positive note, I think the biggest impact from Bitcoin will be the actual protocol. Governments, banks and retailers will use this protocol to their advantage in some way to streamline international transactions. Just my 2 cents |
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Davyd05
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April 12, 2014, 04:37:15 PM |
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EDIT: can't see us hitting $450 anytime soon.
wednesday Thanks for the reply "Wednesday" on it's own doesn't really help me see your opinion. pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday. He didn't say which week. the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........ |
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 12, 2014, 04:39:53 PM |
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Looking at charts while listening to Massive Attack - Angel and suddenly I saw something really interesting ... ... a price drop ...  |
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jonoiv
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April 12, 2014, 04:54:41 PM |
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EDIT: can't see us hitting $450 anytime soon.
wednesday Thanks for the reply "Wednesday" on it's own doesn't really help me see your opinion. pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday. He didn't say which week. the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........ Maybe relax a little, and don't call people with a different opinion to yourself a troll all the time. It makes you look vitriolic and bitter. Where did he indicate the week "ahead"? As he's a bull, there is a good chance you're right and he meant by next Wednesday the price will be $450. But it's not possible, to be clear that's what he really meant. We will all know if he's right on Tuesday.. until then no one's guess is better than anyone else's guess. |
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EuroTrash
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April 12, 2014, 04:58:34 PM |
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pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.
He didn't say which week. the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........ Oh you come on, have a laugh sometimes. It's your closet day after all  |
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ChartBuddy
Legendary
 Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 12, 2014, 05:00:25 PM |
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Davyd05
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April 12, 2014, 05:02:38 PM |
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pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.
He didn't say which week. the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........ Oh you come on, have a laugh sometimes. It's your closet day after all right over my head, sarcasm really rings hollow over the internet, at the least got to make sure we all know how the days of the week work. |
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jonoiv
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April 12, 2014, 05:20:11 PM |
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pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.
He didn't say which week. the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........ Oh you come on, have a laugh sometimes. It's your closet day after all right over my head, sarcasm really rings hollow over the internet, at the least got to make sure we all know how the days of the week work. Clearly you need teaching on this. I'll give it a shot... it goes something like this. Every 7 days we are blessed with a brand new Wednesday. This formula also works if you minus 7 days. |
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BitchImightbe
Member
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Activity: 119
Merit: 10
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April 12, 2014, 05:31:30 PM |
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HODL!  |
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EuroTrash
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April 12, 2014, 05:35:03 PM |
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Someone getting in with 300 coins bid miniwall @ 426 on stamp. Not much selling pressure against it...
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jonoiv
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April 12, 2014, 05:38:45 PM |
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Someone getting in with 300 coins bid miniwall @ 426 on stamp. Not much selling pressure against it...
Looking at it now. it's shrunk to 200 and a 100 opposing wall. |
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dreamspark
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April 12, 2014, 05:58:29 PM |
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Back down to super low volume. Are we thinking consolidation and up or are we just waiting for the next bit of news.
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ChartBuddy
Legendary
Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 12, 2014, 06:00:25 PM |
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Davyd05
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April 12, 2014, 06:03:08 PM
Last edit: April 12, 2014, 06:29:23 PM by Davyd05 |
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I think sometimes we forget, that there is always going to be selling while merchant acceptance is outpacing purchasing and or HODLING. Not to mention profit taking and paying dem fiat bills that can't be directly paid in btc.
Looking at the volumes back in Nov. it seemed more or like everyone had dollars, and no one was willing to part with their btc for them on the exchanges. This mentality can wash over random country or globe of people, just needs specific catalysts and to be honest I highly doubt the positions we take here on this forum dictates any of the recent influx of selling pressure. Either way I swear every major reversal makes the skeptics rethink and we sway a 1-10% of them to our side lol
I want Adam to start a poll with who had bought or mined btc prior to joining the wall observer.
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