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

[JayJuanGee]

Who needs escrow? I can do it, but only the BTC part. If you need me to fix it to fiat, then I'll have to exchange it first, then buy back the BTC 30 or 90 days later. (I have high limits on the exchange in my sig.)

I doubt that you would need to convert... b/c once the terms of the bet are agreed to and hopefully understood by everyone, then each party would transfer to you the equivalent of BTC, as if that party were to lose the bet, and then you would hold those amounts until the terms of the bet runs. Should be able to do all of that with BTC, even though the BTC amount(s) could be measured in the equivalent of fiat.

[damnek]

http://www.plus500.com/Instruments/BTCUSD?ncr=True

Thanks, I will use that during the runup $1,000->$5,000. With 10:1 leverage and 1 million initial investment, that'll be... 40M profit.

I doubt that you'll ever get that kind of money from those guys. They're like a grown up version of mtgox.

[FullLife]

Can I put in a short position of 1M USD with 1:17 leverage? Platform is plus500.
Thats ~ 38000btc

Will it make a dent?

I was thinking of that. First off - I don't think they offer more than 2:1 leverage, they got burnt pretty badly in the runup in Nov-13.

Second, the slippage you take is about equal to the bet amount, unless you can start an avalanche (which I don't believe).

Third, the bet is not won by just hitting the opposite goal. You need to defend yours for 90 days.

=> You can perhaps use this to make the final push and manipulate the market as usual, but not make it +EV for you

http://www.plus500.com/Instruments/BTCUSD?ncr=True

No US customers allowed .

[Dabs]

Yeah, I prefer BTC too.

http://blockchain.info/address/1Dabso5tsVpM9oZKxu8h4WYUUxjkwxC25Q

i think the bet amount is about 100 BTC? 50k USD.

[Cassius]

This is a great spectator sport and could do with its own thread to keep track of - it will get lost in here over the next 30 days.
Since someone is highly likely to lose $50k under the terms of the bet, perhaps you could donate a paltry £1k to charity anyway, even if it's not a draw? I'm sure the winner would be gracious enough to accept $49k. I could suggest a few if you need ideas.
Kudos to you both for taking this on (assuming it goes ahead   )

[Lowryder]

http://www.plus500.com/Instruments/BTCUSD?ncr=True

Thanks, I will use that during the runup $1,000->$5,000. With 10:1 leverage and 1 million initial investment, that'll be... 40M profit.

I doubt that you'll ever get that kind of money from those guys. They're like a grown up version of mtgox.

Risto will know me by now. I had a LARGE buy position there last year. With leverage of 1:10.
They phoned me and basically kissed my ass to close my positions. We agreed I close them, they paid
my money. Every cent. 2-3 business days. They also change te leverage to 1:2 and later 1:1.

Plus500 is listed in London stock excange. Always worked fine.
I use it for gold trading. Last week made about 200.000€ profit.

[edwardspitz]

The 2h MACD looks promising on Huobi I think.

[rpietila]

http://www.plus500.com/Instruments/BTCUSD?ncr=True

Thanks, I will use that during the runup $1,000->$5,000. With 10:1 leverage and 1 million initial investment, that'll be... 40M profit.

I doubt that you'll ever get that kind of money from those guys. They're like a grown up version of mtgox.

Risto will know me by now. I had a LARGE buy position there last year. With leverage of 1:10.
They phoned me and basically kissed my ass to close my positions. We agreed I close them, they paid
my money. Every cent. 2-3 business days. They also change te leverage to 1:2 and later 1:1.

Plus500 is listed in London stock excange. Always worked fine.
I use it for gold trading. Last week made about 200.000€ profit.

I confirm that I have heard this story before from a person who has verified his identity.

[aminorex]

No US customers allowed .

Start a UK LLP.

[JorgeStolfi]

Huobi has not updated the "red lamp" notice on their home page since Apr/17.

Did BTC-China say anything about the PBoC's "clarification to the clarification"?

[aminorex]

Wikileaks

I would consider that a rich man's charity, but I can see why you might not.  It's hard to make a case against truth itself, after all.
Correction:  It's sad intensely aggravating to watch someone make a case against truth itself.

[ChartBuddy]

Explanation

[Raystonn]

Take another look at this chart.  Look at what happened to price on all the big red volume days.  Every single time price made a new lower low.  It was the lowest price seen on the chart at the time.  Now look at the very last big red volume day.  This is the 2nd to last column of the chart.  This day broke the pattern.  It's a large red volume day, but price did not break to a new chart low.  This bear pattern is now broken.

[Blue]

any suggestions for a new poll ??

[ChartBuddy]

Explanation

[adamstgBit]

any suggestions for a new poll ??

ya sry about that.

[edwardspitz]

any suggestions for a new poll ??

What Exchange is currently leading. I think Stamp

[windjc]

Look. The bet is for 30 days.  Not 90. 90 is just a way for Rpietila to try to hedge his bet. The guy is deathly afraid of losing.  In 90 days we could retest 270 and be back above 500.

In fact, if we are no longer in a bear market it matters not if its 30 days or 90 days or 4 years, as we will not see 435. However, if are bear, opposite to what Rpietila suggests, then 30 days gives me a chance to prove him wrong and win the bet.

90 days I will not do. There's no sport in a bet where there is 90%+ chance of a tie and 8% in losing.

30 days is fair.

No one is going to manipulate the market. I am assuming a certain amount of honor here.

Can Rpietila also agree to real risk and honor? We will find out. I expect him to make excuses and not join the bet.

[podyx]

Is it possibly to hold longterm with 2.5 leverage making 2.5x the money?

If so, what are the drawbacks?

[aminorex]

Fiat keeps appearing on Huobi some how.