adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 04, 2014, 03:21:14 PM |
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sell sell sell, its over, bull trap, TA is bearish, stamps is going down, you gata sell me your coins.
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ensurance982
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August 04, 2014, 03:22:33 PM |
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Rocket launch failed to materialize and people are dumping again? That's sad... nothing like the big old trains back in the Gox days... Also, this may be one of the few occasions where Stamp has overreacted and Finex stayed on the floor!
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ensurance982
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August 04, 2014, 03:24:33 PM |
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580$ is history, you won´t see it ever again!
Fonzie you are really confusing me these days... Not as confusing as ShroomsKit. Fonzie turned bullish a couple of weeks ago. Yeah, pretty surprising, but well he came to senses at last Shroomy on the other hand seems to switch between bull and bear mode every other day. He also claims to have traded 2 BTC down to 1 BTC over the fluctuations last week.
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fonzie
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August 04, 2014, 03:25:23 PM |
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It´s pretty unusual to go up 100$ in an hour, so everybody relax! Bubble mode is still a few weeks away, but we´re about to climb steadily to 800$ now. If even a bull like Adam hasn´t bought fully back in, imagine how many more seeded buyers are still out there waiting to throw their money in.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 04, 2014, 03:27:19 PM |
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i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual
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fonzie
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August 04, 2014, 03:28:37 PM |
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i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual
You´re gonna end like BillieJoeAllen!
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 04, 2014, 03:29:27 PM |
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i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual
You´re gonna end like BillieJoeAllen! i can buy it back + more on the intraday low ? yes yes such plan much coins very profitable
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mooncake
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August 04, 2014, 03:39:23 PM |
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84 BTC buy at Stamp! It's a bear trap!
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Wandererfromthenorth
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August 04, 2014, 03:56:13 PM |
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No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!! That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts. The chart you are supposed to look at is this (the second one from the top): http://www.bfxdata.com/combined/btc.phpYou can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low. A lot more shorts than longs
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ChartBuddy
Legendary
Online
Activity: 2268
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 04, 2014, 03:59:55 PM |
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bjornw
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August 04, 2014, 04:43:56 PM |
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No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!! That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts. The chart you are supposed to look at is this (the second one from the top): http://www.bfxdata.com/combined/btc.phpYou can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low. A lot more shorts than longs Actually both charts display more or less the same information. The big difference between the 2 is that the short positions (i.e BTC+LTC swaps opened / total sum of swaps in BTC and LTC ) in the http://www.bfxdata.com/sentiment/longshort.php charts are represented in USD Value so you can compare the absolute value of long vs short positions. The charts on http://www.bfxdata.com/combined/btc.php can be a bit misleading as you are comparing charts in different scales (5k BTC vs 30 000k USD) Sandia is actually correct in observing there are ~10x more long positions (29.8 million USD worth long Swaps vs 3.6 Million USD worth BTC+LTC short Swaps) To make things clear, I'm the creator of the charts so I'm quit sure this is the way you should read the charts
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Sandia
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August 04, 2014, 04:47:53 PM |
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No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!! That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts. The chart you are supposed to look at is this (the second one from the top): http://www.bfxdata.com/combined/btc.phpYou can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low. A lot more shorts than longs I am looking at "BTCUSD Price combined with total sum of ACTIVE BTC and USD SWAPS" chart that says there are currently 5300 btc shorted, and 29.9M USD long (over 50k btc). Pay attention to the axis on the right of the graph.
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bjornw
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August 04, 2014, 04:58:49 PM |
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I am looking at "BTCUSD Price combined with total sum of ACTIVE BTC and USD SWAPS" chart that says there are currently 5300 btc shorted, and 29.9M USD long (over 50k btc). Pay attention to the axis on the right of the graph.
you're right Sandia
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Wandererfromthenorth
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August 04, 2014, 04:58:57 PM |
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No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!! That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts. The chart you are supposed to look at is this (the second one from the top): http://www.bfxdata.com/combined/btc.phpYou can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low. A lot more shorts than longs Actually both charts display more or less the same information. The big difference between the 2 is that the short positions (i.e BTC+LTC swaps opened / total sum of swaps in BTC and LTC ) in the http://www.bfxdata.com/sentiment/longshort.php charts are represented in USD Value so you can compare the absolute value of long vs short positions. The charts on http://www.bfxdata.com/combined/btc.php can be a bit misleading as you are comparing charts in different scales (5k BTC vs 30 000k USD) Sandia is actually correct in observing there are ~10x more long positions (29.8 million USD worth long Swaps vs 3.6 Million USD worth BTC+LTC short Swaps) To make things clear, I'm the creator of the charts so I'm quit sure this is the way you should read the charts Oh ok, thank you for the clarification! I see now. Learned something today
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ChartBuddy
Legendary
Online
Activity: 2268
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 04, 2014, 04:59:51 PM |
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ensurance982
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August 04, 2014, 05:04:15 PM |
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It´s pretty unusual to go up 100$ in an hour, so everybody relax! Bubble mode is still a few weeks away, but we´re about to climb steadily to 800$ now. If even a bull like Adam hasn´t bought fully back in, imagine how many more seeded buyers are still out there waiting to throw their money in.
I hope so, as well. But keep in mind that a lot of people are already in more than it is reasonable. They may even have leveraged long positions and are sweating like mad these days. On the other hand, the same goes for the shorts, I guess
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ensurance982
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August 04, 2014, 05:05:22 PM |
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Is there any TA term for the nice little spike to $596 on Stamp? It went back pretty quickly, and I really hoped it would go higher during the small rallye!
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Habeler876
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August 04, 2014, 05:12:20 PM |
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Bed time in China. We seem to top around bed time and go sideways for the next 8 hours usually. See how this goes when they wake up.
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bigasic
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August 04, 2014, 05:18:45 PM |
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While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.
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