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

[hdbuck]

economical crisis? it's all about the positive.. http://www.zerohedge.com/news/2014-08-12/deflation-hits-oldest-profession-world-hookers-numbers ^^

[ChartBuddy]

Explanation

[abercrombie]

Good post on reddit attempting to guestimate where the rotting longs on bitfinex will see a margin call.


http://www.reddit.com/r/BitcoinMarkets/comments/2dag4l/bfx_margin_call_watchand_calculations/

interesting post, i'm hoping we test 540 to see if these figures are accurate.

Can someone explain this sentence to the non-finance literate?

"Conclusion if we break below $550 I expect the market to get VERY fast with cascading margin calls on bfx. Admittedly we might need some FUD to get there but those price levels are at least in sight "

If the price falls below $540, those that borrowed at $650 do not have enough collateral to sustain their positions.  Bitfinex will force them to sell.

As for $550 that's a technical point in the charts that we've bounced off a few times.  To break that support means longs are throwing in the towel.

[hyphymikey]

Good post on reddit attempting to guestimate where the rotting longs on bitfinex will see a margin call.


http://www.reddit.com/r/BitcoinMarkets/comments/2dag4l/bfx_margin_call_watchand_calculations/

interesting post, i'm hoping we test 540 to see if these figures are accurate.

Can someone explain this sentence to the non-finance literate?

"Conclusion if we break below $550 I expect the market to get VERY fast with cascading margin calls on bfx. Admittedly we might need some FUD to get there but those price levels are at least in sight "

If the price falls below $540, those that borrowed at $650 do not have enough collateral to sustain their positions.  Bitfinex will force them to sell.

As for $550 that's a technical point in the charts that we've bounced off a few times.  To break that support means longs are throwing in the towel.

Too bad most of the longs were opened well under 650. Just check bfxdata.

Also, BFX supposedly put in measures to prevent the cascading effect on margin calls. So if some silly bear tries it, he will end up on his ass.

[lyth0s]

Good post on reddit attempting to guestimate where the rotting longs on bitfinex will see a margin call.


http://www.reddit.com/r/BitcoinMarkets/comments/2dag4l/bfx_margin_call_watchand_calculations/

interesting post, i'm hoping we test 540 to see if these figures are accurate.

Can someone explain this sentence to the non-finance literate?

"Conclusion if we break below $550 I expect the market to get VERY fast with cascading margin calls on bfx. Admittedly we might need some FUD to get there but those price levels are at least in sight "

If the price falls below $540, those that borrowed at $650 do not have enough collateral to sustain their positions.  Bitfinex will force them to sell.

As for $550 that's a technical point in the charts that we've bounced off a few times.  To break that support means longs are throwing in the towel.

So if bitfinex forces them to sell, what this means that if the price hits $540 we will then have a crash? How much volume of BTC would be force-sold at this level? Thanks for the help understanding this guys

[ChartBuddy]

Explanation

[giszmo]

Good post on reddit attempting to guestimate where the rotting longs on bitfinex will see a margin call.


http://www.reddit.com/r/BitcoinMarkets/comments/2dag4l/bfx_margin_call_watchand_calculations/

interesting post, i'm hoping we test 540 to see if these figures are accurate.

Can someone explain this sentence to the non-finance literate?

"Conclusion if we break below $550 I expect the market to get VERY fast with cascading margin calls on bfx. Admittedly we might need some FUD to get there but those price levels are at least in sight "

If the price falls below $540, those that borrowed at $650 do not have enough collateral to sustain their positions.  Bitfinex will force them to sell.

As for $550 that's a technical point in the charts that we've bounced off a few times.  To break that support means longs are throwing in the towel.

So if bitfinex forces them to sell, what this means that if the price hits $540 we will then have a crash? How much volume of BTC would be force-sold at this level? Thanks for the help understanding this guys

The speculation is about a squeeze. People who want to buy cheap are selling now to trigger automatic selling by stop loss orders which could run into a chain reaction resulting in really cheap coins. The current dip could be the result of a successful small attempt at this or could be motions to achieve this with a much lower goal but it would basically be run by people who would fill their positions after their financial attack succeeded or not. It's basically like real cash poker where you don't know how deep the pockets of your adversary are, so some try to bluff big time (drive the price down) and if they fail, they will have a hard time buying back in. If they win, they make a killing out of it. If you are not into that sort of games, stay out of it and wait until next week.

[Brewins]

Dangerously close to break the 560's we are right now. Think bet on a rebound right now is really a dangerous bet. In the 550's the smallest bad move can start a cascate crash movement, it is like walking over a lake with frozen waters.

[ChartBuddy]

Explanation

[hdbuck]

Dangerously close to break the 560's we are right now. Think bet on a rebound right now is really a dangerous bet. In the 550's the smallest bad move can start a cascate crash movement, it is like walking over a lake with frozen waters.

Explanation

[ShroomsKit]

Nice dump

[falllling]

Nice dump

Game over

[ShroomsKit]

Now let's hope they sheep don't go full retard.

[kireinaha]

2014 is the year of bitcoin!    Remember that?

I've got to hand it to the community, you guys did put on a good PR campaign. I'm glad I sold the last of my position a few days ago. If this is the year of bitcoin, I don't want to be part of it anymore  

[jaberwock]

At least the BTC-E/Bitstamp gap is at normal levels again($10-$15), sign we are heading back to a stable situation.

93

[kireinaha]

And for my last post, even bitcoin itself is telling me to go fuck myself (on the 15 minute chart).

[ShroomsKit]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

[Hunyadi]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

You can't be serious

[OgNasty]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

Sure feels like we're hitting bottom when I read posts like this.  A good thing too, because I was getting worried.

[ShroomsKit]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

You can't be serious

Very.