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

[mmitech]

[tarmi]

time to die buy.

[abercrombie]

Bitfinex has reduced their margin leverage from 2.5X to 1.5X, effective July 21st.   Officially, this is because the btc used as margin deposit is also volatile.

Source?

Still decent, most you can get from BTC-e is 1.3X.

Edit:  Found it...  Announcement.

[macsga]

But I still advice ppl to use buy and cut because you never know if we end up heading down to 0 for some reason.

Bitcoin is special, because every day that it is not immediately and permanently reset to 0, has historically meant a 0.7% price appreciation trend (resulting from increase in adoption).

So you are essentially betting that the probability that Bitcoin fails today is less than 0.7%, and you are able to withstand some volatility.

Without posting some train pics you're not even close...

[flynn]

time to die buy.

I've... seen things you people wouldn't believe...
Attack bears on fire off the shoulder of $1200.
I watched btc-walls glitter in the dark near the MtGox Gate.
All those gains will be lost in time, like tears in rain.

[ChartBuddy]

Explanation

[LOADING.READY.RUN]

Still decent, most you can get from BTC-e is 1.3X.

What? I thought they offer up to 3x on MT4... at least a couple of months ago they did when I tried it...

Source for BFX: https://bitcointalk.org/index.php?topic=229438.3960

It's a bit hidden in their examples, but they're clear in their answer to my request about it.

To my surprise, the feedback about 2.5x / 1.5x in that thread is mostly positive, apparently mostly lenders who are getting increasingly worried in the current situation.

In general I agree that their changes make sense, but I don't like the reduction in leverage. In November 2013 I could still take 4x leverage on BFX!

[BuildTheFuture]

I was checking out that new BitVC Hong Kong-based exchange from Huobi (email them for an invite). Looks like they will go up to 3:1.

[byronbb]

time to die buy.

I've... seen things you people wouldn't believe...
Attack bears on fire off the shoulder of $1200.
I watched btc-walls glitter in the dark near the MtGox Gate.
All those gains will be lost in time, like tears in rain.

A+

[roslinpl]

We need another poll

This one is retarded for Today

Please make some bullish one this time

[ChartBuddy]

Explanation

[roslinpl]

Explanation

Pretty flatty is getting here ... 620 620 ...

Well it is more likely that my predictions about this week rally were wrong.

[minerpumpkin]

Explanation

Pretty flatty is getting here ... 620 620 ...

Well it is more likely that my predictions about this week rally were wrong.

At least a lot of people who predict a bubble expect a flatline before that. We'll see how that works out, yet the pattern still isn't violated... What are our long-term support lines currently?

[Gianluca95]

Price is moving down 

What's happening?

Yesterday price was 630$, now is 619 !

[roslinpl]

Price is moving down 

What's happening?

Yesterday price was 630$, now is 619 !

It's fractuating :-)

$10 drop is like none. So no worries and remember that we are still waiting for this year rally :-) as till now it was pretty quiet.

Kind regards.

[aminorex]

I've been probing the monkey about longer term prospects.  Monkey seems to be bifurcating his analysis on the weekly/monthly scales, mixing two principal scenarios, both bullish:
1) Gradual (linear) rise for 2 months, plateau for a month or so, and then 2 months of rocketship, past 6k, mild bear market early 2015 but possibly protracted.
2) Increasing rate of climb (parabolic) from August into September, short, sharp ramp in September, past 3k, mild bear until late November or early December.

However, on the daily chart he continues to flip-flop.  His worst case scenario is found on the daily chart:  
1) A 1 week linear decline followed by a 1 week parabolic decline to 444, culminating in a strong bull market in August.  
2) Alternatively, the bullish scenario is continued wobble, indeterminate duration, ending in a weekly/monthly (1) track.

If I try to combine the daily with the long-term forecasts, he seems to be telling me that a sharp draw-down now would end in a 3k+ September, while a drawn-out wobble now would end in a 6k+ November.

[adamstgBit]

I've been probing the monkey about longer term prospects.  Monkey seems to be bifurcating his analysis on the weekly/monthly scales, mixing two principal scenarios, both bullish:
1) Gradual (linear) rise for 2 months, plateau for a month or so, and then 2 months of rocketship, past 6k, mild bear market early 2015 but possibly protracted.
2) Increasing rate of climb (parabolic) from August into September, short, sharp ramp in September, past 3k, mild bear until late November or early December.

However, on the daily chart he continues to flip-flop.  His worst case scenario is found on the daily chart:  
1) A 1 week linear decline followed by a 1 week parabolic decline to 444, culminating in a strong bull market in August.  
2) Alternatively, the bullish scenario is continued wobble, indeterminate duration, ending in a weekly/monthly (1) track.

If I try to combine the daily with the long-term forecasts, he seems to be telling me that a sharp draw-down now would end in a 3k+ September, while a drawn-out wobble now would end in a 6k+ November.

hoping it wobbles

[adamstgBit]

monday afternoon, excellent time to buy.

[roslinpl]

monday afternoon, excellent time to buy.

Every day every hour - best time to buy bitcoins :-)
(Or earn them instead of buying :-) )

[Bagatell]