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

[ssmc2]

My GOD, altcoins are dropping something fierce.

Except for XC  

[ChartBuddy]

Explanation

[davidgdg]

bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day

Beginner question: does this mean that it's now expensive to go long?

Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.

BTC swap rate demand is at 0.0016% (for going short on BTC)

USD swap rate demand is at 0.175% (for going long on BTC)

That's a hundred fold difference in interest rates. Incredible. Has it always been like this?

It's almost always been like this.  There have been a couple times that BTC rates went up enough to be worthwhile lending.  I have no clue why people are lending money out at 2% APR on Bitfinex - as that assumes a very low risk of hacking/fraud/regulation/bankruptcy.  I'd estimate this risk at least at 5% or more.

Actually it's lower than that. It works out at 0.5% p.a. simple interest. Presumably there is no just no demand to go short on BTC. Not altogether surprising I suppose.  Historically it hasn't been a great strategy.
The interesting question is whether the dollar interest rate earned by lenders justifies (1) the various solvency/hacking/regulatory risks and (2) the opportunity cost of lending out the dollars rather than buying BTC. I suppose it depends upon your expectations of what BTC will do in the short to medium term.

[Krabby]

Anyone else here use tradingview?

[edwardspitz]

12h macD freakin bad, i think testing 610-600 is pretty much inevitable at this point.

People are putting a lot of faith in that bid wall at $620 (or that buy pressure will resume, Stamps).

[ChartBuddy]

Explanation

[kodtycoon]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

[adamstgBit]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

[okthen]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.

[Krabby]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.

I know this feel.

[edwardspitz]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

People who have contributed to the bid wall at $620 I guess I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly.

[okthen]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

Hahaha, maybe people who read this forum on a Saturday?

(But I guess we're all bought in already )

[adamstgBit]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

People who have contributed to the bid wall at $620 I guess I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly.

the stack of bids in front suggest you're being paranoid.

[edwardspitz]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

People who have contributed to the bid wall at $620 I guess I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly.

the stack of bids in front suggest you're being paranoid.

Yes, I think you are right about that  

Edit: "Just because I'm paranoid doesn't mean they're not out to get me"

[roslinpl]

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

Hahaha, maybe people who read this forum on a Saturday?

(But I guess we're all bought in already )

hehe I must say I don't remember when I bought some Bitcoins
It is mostly because I am earning them from time to time and I haven't got money to buy and HODL

But I want to buy them everyday doesn't matter is it Friday, Wednesday or Sunday

[JerryCurlzzz]

gonna pop up soon. get your seatbelts on and prepare for liftoff.

[kodtycoon]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.

I know this feel.

wow that must feel amazing! i bet you lept out of bed every morning the second you knew you were awake, like i mean standing before you opened your eyes, to run and check the price lol (or just grab your smart phone if ya had one at the time) lol i know i would, not sure if i could sleep actually if that started happening. daily life would revolve around watching btc rise. who needs showers when your making a fortune sitting on the couch in your thong spider man briefs boxers. lol

edit: break 655 tonight?

[ChartBuddy]

Explanation

[esse83]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.

I know this feel.

wow that must feel amazing! i bet you lept out of bed every morning the second you knew you were awake, like i mean standing before you opened your eyes, to run and check the price lol (or just grab your smart phone if ya had one at the time) lol i know i would, not sure if i could sleep actually if that started happening. daily life would revolve around watching btc rise. who needs showers when your making a fortune sitting on the couch in your thong spider man briefs boxers. lol

edit: break 655 tonight?

Orchestrated by gox inhouse bots Read the willyreport. Can't refute facts.

edit: Break 655 tonight? LOL you need to stay away from trading.

[kodtycoon]

is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".

Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.

I know this feel.

wow that must feel amazing! i bet you lept out of bed every morning the second you knew you were awake, like i mean standing before you opened your eyes, to run and check the price lol (or just grab your smart phone if ya had one at the time) lol i know i would, not sure if i could sleep actually if that started happening. daily life would revolve around watching btc rise. who needs showers when your making a fortune sitting on the couch in your thong spider man briefs boxers. lol

edit: break 655 tonight?

Orchestrated by gox inhouse bots Read the willyreport. Can't refute facts.

edit: Break 655 tonight? LOL you need to stay away from trading.

i dont trade lol havnt in a long time, my money is tied up in things too promising to sell. regardless of what btc does. 

im not sure i fully believe the willy report, btc is going through exponential growth, bots or no bots. its finally making out into mainstream use, which is going to pick up speed very rapidly. as more and more good news comes in, it will bring more. and people/companies/wealthy feckers will all start jumping on the band wagon once they realise that the "btc is dead" reports by mainstream media were wrong.. so wrong.

so perhaps the last bubble was bots, or china, who knows, silk road before that, we probably wont ever know, we can only extrapolate what may cause the next one. which imo will just be a snow ball of good news and just general mainstream uptake of btc which will in turn feed on its self.

im not a trader so dont shoot me for this one, but for the sake of possibly being right lol i predict we will see a boom, peek by the end of aug at the latest reaching >5k. then the ETF comes out and we see a second bubble no more than 2.5 - 3 months after the peak of the last and the second peaking by xmas. price per btc = ~12-15k between jan - feb 2015 with an ath of ~20k.

wishful thinking?