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

[finder_keeper]

Is there any TA to back up your statement?

To paraphrase Lois Lane, TA is backing up your statement, who's backup up TA?

[Davyd05]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

Why do you think that, do you think China is going to ban hammer and all the buyers are going to disappear...dont just make position comments with the gravity of a year long bear market and not expect to have to field some questions.

[TERA]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

Why do you think that, do you think China is going to ban hammer and all the buyers are going to disappear...dont just make position comments with the gravity of a year long bear market and not expect to have to field some questions.

I'm basing only on the trend in 2011/2012

[dreamspark]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

[ErisDiscordia]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible, that frogs will fall out of the sky over Japan this year.

[CoolStoryBro]

I honestly  don't get all that "short squeeze" thing.

Can someone explain me, what the profit for one or several whales to squeeze out shorts at 460? (considering they are not owner of finex)

When shorts get closed, exchange have to close "shorts" positions, by buying back coins they "sold".
So for example, if we have big 1000btc short at 460 get closed, there will be 1000btc buy order executed, allowing "the whale" to sell his own 1000btc at bigger price, say he will sell 700 BTC at 470 average price (only 700, cause other 300 is other guys sales orders)

One would say that 470-460=10$ difference per BTC would be enough profit for "whale", but I honestly doubt it.
In order to get 460 you have to buy like 3000 and then you will sell only like 700, so it's not super efficient way to get that 7000$ profit for "whale".

What I am missing?

Indeed, owners of finex very much want guy with 1000 btc to be liquidated, if they did not processed his sales order in the first place (so that way they basically getting lets say 430*1000 = 43 000$ as reward his margin call).

But I don't see how regular whale can get any value of "squeezing shorts".

[cee-euros]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible, that frogs will fall out of the sky over Japan this year.

Is that Mark Karpeles dropped out of a helicopter

[dreamspark]

There are ways and means to do everything if you either A) have the money or B) know the right people.

You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.

[MinermanNC]

Just getting up, how long have we been clipping the 460 mark?

[JayJuanGee]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible that these next couple of days could be the last chance to buy below $460 for a year.  Both are possible.  Seems very likely that we are going to see a lot of days in the next year over $460.. maybe even 350 or more of them?  I don't have a crystal ball.

[niothor]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

talking bout $ ?

talking about BTC or mBTC ? =)))

[Mervyn_Pumpkinhead]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

I'm not trying to be original here. When I'm pointing out the faults that others have done before me, then it only means that these faults are not hard to see. But some still choose to ignore them.

At first, we have to see the bottom and then start about talking reaching the previous ATH again.

Or do you think that this was the bottom and now we are going only up to the previous ATH?

[TERA]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible that these next couple of days could be the last chance to buy below $460 for a year.  Both are possible.  Seems very likely that we are going to see a lot of days in the next year over $460.. maybe even 350 or more of them?  I don't have a crystal ball.

I know someone who actually has a crystal ball who I asked about Bitcoin and I still trust my TA more than her.

[JayJuanGee]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

You were wasting your time engaging with Pumpkinhead.. I had already tried.. and by about one or two posts, you could tell he was in LaLa Land or some kind of paid propaganda machine.

[Broseph Stalin]

When I say that I'm not doing anything right now, it's because I simply don't know where we're going.
I don't feel comfortable saying that the downtrend is over unless we go above $580. But at the same time I'm not as bearish as TERA.
I'm trying to stay balanced in my approach, so I'm somewhere in between bear/bull. I'm not ready to come out of the closet yet.

[dreamspark]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

I'm not trying to be original here. When I'm pointing out the faults that others have done before me, then it only means that these faults are not hard to see. But some still choose to ignore them.

At first, we have to see the bottom and then start about talking reaching the previous ATH again.

Or do you think that this was the bottom and now we are going only up to the previous ATH?

You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?

[JayJuanGee]

There are ways and means to do everything if you either A) have the money or B) know the right people.

You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...   Sometimes it is well worth the $500,  but not always...

[rpietila]

But I don't see how regular whale can get any value of "squeezing shorts".

Whales want to increase their BTC position, because they are accumulating, and/or because they can derive a profit.

The important part is to sucker the other people to short in the first place. This is very risky, because they have to buy back the bitcoins later at a price that may be very high if nobody wants to sell the coins for cheap. At this first stage the whale buys the shorted coins.

When the squeeze comes, the price shoots up, the sucker-shorter must buy back, and the whale can be the one providing the coins or not. In the first case he makes fiat profit, and the second case he is happy to have increased the number of his stash for cheap.

In economic theory, shorting makes the market more efficient and reduces volatility. In practice, this is not so. Don't short.

[billyjoeallen]

It looks to me like altcoin pump and dumpers have hit the main artery. Looks even more like the epic $710 trap than it did last night. Trade with extreme caution. Once the shorts get squeezed, there's likely to be a painful grind back down.  Long term investors beware.  Short term gamblers, pile on.  I'm not saying it's not going to work. I'm saying I don't think it is supported by fundamentals.

This is shark money pumping. These guys don't add to the project. They are looking for a fast buck.

[rpietila]

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...  Sometimes it is well worth the $500,  but not always...

$500 won't get you in sorry We are talking about people who realistically need this kind of services, and they have more than BTC57. I don't mean any offense here.

EDIT: That still sounds smug to the extreme - let me explain more. The intention of the training is to gather people whose bitcoins are worth $500k or more at present (BTC1,000) and the facility will expand when the bitcoin price goes up, so that the lower threshold in bitcoins decreases, but in dollars it keeps going up, unless many similar facilities spring up and offer better services more cheaply. As far as I know, this is the first one with this kind of idea, but definitely not the last. Perhaps not many feel they need the service, but that is my business risk. It will anyway be a general purpose luxury country hotel and my holiday home.