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

[fonzie]

Monster walls on Finex.  Still $23 million longs to purge! Is this the end?

I fear so  . Bye bye Bitcoin. Let´s hope that 150$ holds! AMEN

[tarmi]

wow fonzie, you are getting increasingly annoying with every price swing. I mean, just because you sodl @570 and want to buy 10 $ cheaper doesnt mean thath you have to spam this thread every time.

you were funny once, now just a common bitcointalk troll.

[bitgeek]

Monster walls on Finex.  Still $23 million longs to purge! Is this the end?

I fear so  . Bye bye Bitcoin. Let´s hope that 150$ holds! AMEN

Now I know why so many people ignore you.

[Bagatell]

you were funny once, now just a common bitcointalk troll.

And people still quote him!

[tarmi]

you were funny once, now just a common bitcointalk troll.

And people still quote him!

ups, sorry for that.

[fonzie]

wow fonzie, you are getting increasingly annoying with every price swing. I mean, just because you sodl @570 and want to buy 10 $ cheaper doesnt mean thath you have to spam this thread every time.

you were funny once, now just a common bitcointalk troll.

I´m sorry, i promise to provide better trollin quality after 530$ is broken.

Edit:  




80$ BTC incoming

[hyphymikey]

Monster walls at Finex.  Still $23 million longs to purge! Is this the end?

Over 70% of the longs were opened at UNDER 450! Yes that is impossible to know for sure, but around $17 million in longs were opened before this run up, so if they did not close them out (I didn't because my return swap is only .04% until July 11) then we would have to drop well below 340 to squeeze them out.

I hope wallzilla at BFX did his homework and knows his risk/reward ratio before dumping his coins. Just because you are a whale, doesn't make you smart lol.

[fonzie]

Monster walls at Finex.  Still $23 million longs to purge! Is this the end?

Over 70% of the longs were opened at UNDER 450! Yes that is impossible to know for sure, but around $17 million in longs were opened before this run up, so if they did not close them out (I didn't because my return swap is only .04% until July 11) then we would have to drop well below 340 to squeeze them out.

I hope wallzilla at BFX did his homework and knows his risk/reward ratio before dumping his coins. Just because you are a whale, doesn't make you smart lol.

Just because you didn´t close your longs above 600$ doesn´t make you smart.

[ChartBuddy]

Explanation

[deadley]

Monster walls on Finex.  Still $23 million longs to purge! Is this the end?

I fear so  . Bye bye Bitcoin. Let´s hope that 150$ holds! AMEN

Now I know why so many people ignore you.

Everyone know, who to ignore, that is the reason, because of so much pessimistic reason from fonzie no one like him.

[shmadz]

so I was looking at finex and noticing this.



top line is drawn on exp chart, bottom line is on linear.

I'm trying to target a buy-in price, but of course I want to wait until I can be fairly certain the price will not go down any further, at least not much further... but if the price breaks down below the linear line, I think it could go much, much lower...

here is the zoom out to see where the lines come from.



these are just random thoughts of course, but Sunday's are nice for me and give me time to think random thoughts.

[Equus]

I got a weird PM asking me why are all of my posts really short... Am I doing something wrong?

You are concise because you think before you type.

That saves me from editing your post for you in my head.  Thanks.


tl-dr:   tl == dr

[blatchcorn]

so I was looking at finex and noticing this.



top line is drawn on exp chart, bottom line is on linear.

I'm trying to target a buy-in price, but of course I want to wait until I can be fairly certain the price will not go down any further, at least not much further... but if the price breaks down below the linear line, I think it could go much, much lower...

here is the zoom out to see where the lines come from.



these are just random thoughts of course, but Sunday's are nice for me and give me time to think random thoughts.

Finally some rational thinking in here!

[JayJuanGee]

It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.

Remember, everything is still denominated in FILTHY FIAT.

Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception.

Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things...


Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold.  I have NOT gained or lost anything until I cash out.  I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell.   IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet.

Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in.

[ejinte]

How come miners ain't changing pools??

Ok saw rpietilas post in another thread

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

Could someone confirm that Ghash is only at 36% now?

[Krabby]

How come miners ain't changing pools??

Ok saw rpietilas post in another thread

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

Could someone confirm that Ghash is only at 36% now?

It is silly.

I just wonder how much of it is cloud mining.

[JayJuanGee]

It boggles my mind that the trend is like this with the sheer amount of new and large business that have adopted bitcoin lately.

Most of those businesses did not adopt bitcoin at all.  They merely agreed to accept dollars from the sale of bitcoins that people already had, including cheap coins that had been dormant since 2013 or earlier.

Bitpay expansion does little to increase adoption; it chiefly makes it easier and more tempting for long-time investors to sell some of their coins on the open market.

Many people don't understand that there are 2 bitcoin economies: the original SR and like one, and the newer, legitimizing economy using Bitpay.
But why would an early adopter (who bought below 20$) buy back with fiat the bitcoin that he spends today, at a 550$ market price?
The smart thing to do, in order to buy back 1 BTC, would be to sell 4 BTC when a downtrend is obvious and then buy back 5 - 6 BTC (just an example) at a lower price.

They would buy back at $550 or more only if they think or believe the price is going higher than $550 and is likely to remain above $550.

[adamstgBit]

if you're looking for an entry point on the dip DON'T

play it cool and dollar cost avg your position over the next 2 weeks

price is sure to recover and climb higher once the FBI coins are off the table

but until then its very hard to see how low it can go.

so dollar cost avg your way into the get rich quick bitcoin fonzi scheme  

good luck everyone!  

PS: this could very well be as low as it goes...

[bitcoinsrus]

wow fonzie, you are getting increasingly annoying with every price swing. I mean, just because you sodl @570 and want to buy 10 $ cheaper doesnt mean thath you have to spam this thread every time.

you were funny once, now just a common bitcointalk troll.

I agree, it was kinda cute at first. Now he just seems like an attention whore.

http://www.youtube.com/watch?v=QI4O8byPw7g

[ejinte]

How come miners ain't changing pools??

Ok saw rpietilas post in another thread

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

Could someone confirm that Ghash is only at 36% now?

It is silly.

I just wonder how much of it is cloud mining.

Not much I think. Just think about it how many % of the mining power available is cloud mining? Most people would probable buy their own rigs instead.