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

[ensurance982]

I predicted 555 last night, and it is headed in that direction, but I have a bad, bad urge to go all in, max margin long.  Can anyone give me rational reason that doesn't start with the Huobi wall?

Never go full margin. I gotta say though, the walls on the Chinese exchanges pretty much always look frightening compared to the USD ones!

[podyx]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

[byronbb]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

Just use paper. bitaddress.org

[Davyd05]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

I have faith in them so far, order is probably going to be processed tomorrow as I got around to placing the order pretty late. Will update on time of delivery to Canada.

It's just cheaper then a laptop, I could pay in bitcoin ( only option ) and I believe it will provide the protection I seek.

[podyx]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

Just use paper. bitaddress.org

I have no printer

I use bitaddress.org for my initial investment in bitcoin but I wrote the private keys by hand and might have miswrote on any of them. Also I rather diversify the holdings a bit so i don't have everything at one place

How safe is it to store like I said though with bitcoin-qt?? Should be pretty safe no? I actually already bought a laptop but it's useless and I will send it back or throw it in the fucking ground unless I won't use it for bitcoin storage

[Davyd05]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

Just use paper. bitaddress.org

I have no printer

I use bitaddress.org for my initial investment in bitcoin but I wrote the private keys by hand and might have miswrote on any of them. Also I rather diversify the holdings a bit so i don't have everything at one place

How safe is it to store like I said though with bitcoin-qt?? Should be pretty safe no? I actually already bought a laptop but it's useless and I will send it back or throw it in the fucking ground unless I won't use it for bitcoin storage

I like the laptop idea fine, I was just to lazy to setup ubuntu ..as I don't entirely trust windows. However the coins have been stored safely on bitcoinqt with a nice long password. Just don't wanna push my luck if I can store them offline in a sense. I believe you make a paper backup of the trezor as well

[ChartBuddy]

Explanation

[Davyd05]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

[kodtycoon]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

sounds real.. proof will be in what media comes out about it.. he made a comment that hes in talks with media outlets such as bloomberg, so we could well see an article with a verified source being released which would be huge.

[blatchcorn]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

Even if it is not true, that was so well written it was great fun to read

To da moon 

[Marbit]

Well, that's the thinking behind this "long squeeze" rhetoric about Bitfinex. Indeed, the order book is very thin to absorb a crash. But then again, I've been hearing about a "long squeeze" coming for several months now....

Bears?

When you read the BFX long squeeze posts, read carefully.  They usually claim that there are margin longs holding since the rally to 685, holding for MONTHS, $100+ under water + months of margin interest, and any gust of wind will cause them to collapse the exchange.

Does that make any sense?  Would you hold a losing position for months and keep paying interest, or would you close it long ago at a small loss?  Yeah, me too, I would have closed by 675.  Thee are zero active positions long above $595...I would bet my life on it.

It is FUD.

A short squeeze is more likely in the coming weeks than a long squeeze, IMHO.   There are too many people bewitched by the idea of buying coins at 420 or 480.  It won't happen.

I wouldn't bet my life on that, but I generally very much agree. If you watch the Trading View chat, we know that $660 full margin holders were already liquidated. And considering the month of sideways/down, I'm sure most $600+ long holders have closed or were called.

Meanwhile, shorts have risen almost 2500 during the time that price has risen off the $561 low. So, there are certainly now new shorts either taken out near current spread, or currently underwater. There is some short squeeze potential.

[Davyd05]

Yeah, but you can never doubt how far people will bullshit...I remain subscribed to the its too good to be true, FED research that see bitcoin disrupting the global currency system lol in 5-10 years lol

I'd personally love for this to be true...and it seems to be well formed.

[sickpig]

Purchased a Trezor today... paying for something was never so easy.

Trezor is safe? And how many days it took to deliver?

It's a slush's project I'd say you can trust him. A part from that it seems the team behind put a lot of efforts/energy to get it right, they even have contributed to the BIP 38

I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?

[sidhujag]

Everyone know about this? http://www.cryptocoinsnews.com/news/ecuador-first-nation-create-digital-currency/2014/07/31

[derpinheimer]

Impressive depth on Huobi

[Marbit]

Impressive depth on Huobi

You can say that again. With the liquidity on Huobi, there is no reason for me to look at any other exchange for analysis. Nobody can move the market if Huobo won't let them.

BTW, where is that screenshot from? At first, thought it was Bitcoinity, but...

[ensurance982]

Impressive depth on Huobi

On both sides, though. We will have to wait and see which side wins. In my opinion it's quite balanced as of now. The buying or selling pressure will have to decide about the eventual outcome.

[ChartBuddy]

Explanation

[Marbit]

On both sides, though. We will have to wait and see which side wins. In my opinion it's quite balanced as of now. The buying or selling pressure will have to decide about the eventual outcome.

Notable, though -- 3600 level was dumped twice and bid support refilled lightning quick both times -- right at spread, not below.

The ask walls were placed 80-100 CNY above spread -- where no one could buy them. And every time someone places a 500+ ask wall at spread it is instantly eaten. I suspect the walls near 3700 are fake -- certainly there is much higher chance of that than the 3600 walls being fake.

I wouldn't be surprised if the 3700 walls were placed by the accumulator, to try to force sellers into his bids.

[Davyd05]

https://boards.4chan.org/biz/thread/434342/stephane-portha-is-lying-about-mark-karpeles

a dump of Karpeles doc's on 4chan?

docs in french