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

[ChartBuddy]

Explanation

[roslinpl]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno.  I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

[twiifm]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno.  I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

Its not a big margin compared to other markets like forex

[edwardspitz]

Dump3er I have been following your dumping class vigorously. But I missed the opportunity to dump at $500, because I was out of coins. According to my numerologist 500 is a really important number for me so I'm sad I missed the opportunity. I know you told us to never use the green button. But are there any exceptions to this rule, and do you agree that using it could increase the likelihood of price going past $500... and thus give me a second chance for dumping at $500?

Image: https://i.imgur.com/V47x9uT.png

[5cMXezpBtm]

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Thanks for the link. I can add that simply most of the names of altcoins are so stupid, that their unsuccess is inherited (e.g. the Freicoin that is being mentioned in the link as a reltively interesting one)

[mmitech]

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Fixed the link so that even the lazy people can click on it.

maybe you are right considering the long term scenario, but Alts make a kick ass trades if used properly....

[thefunkybits]

Its like LTC is a leading indicator, these days.  

Yup, because its less liquid it will often show the cracks of a bear market before BTC does imo

For example, in the drop from $580-600 to here LTC started heavily dumping 24 hours before BTC even budged

I've been noticing this pattern for about a year now...

[JayJuanGee]

Oh by the way, I got the Coinbase brush off this morning...the message about exceeding limits. But I just now bought 0.2 BTC with no problem. Not sure if it means they resolved the issue or if the buy was just so small.

I think the Coinbase issue was causing no buy support at Bitstamp.  I tried to login several times at 510 then 500 but got that exceeded limits error (blessing in disguise).  

Then, once it hit the 490's it started working again and I was finally able to purchase. 

Wonder if this is some form of manipulation.  

NO manipulation... Coinbase just run out of coins.... Their business model allows them to make more by selling at $500 and $510... b/c of fees of 1%.

[Richy_T]

Hi Richy_T. I think my math is pretty relevant. What do you think is the main reason why it is not appropriate?

It's not the maths. The proportions of currency markets are just rather arbitrary. Now, personally, I <i>believe</i> that Bitcoin has huge amounts of growth left to go but picking numbers from the air doesn't really prove anything.

[wachtwoord]

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.

He is trying to tell you that you didnt understand what he said, look "Bitcoin either expands until it becomes the money, or else it goes to zero(1)."

read the above twice or even 3 times, and comeback to laugh at your self, you did the same thing with me before

I know, and I'm trying to get him to give me a reason to read the article as it doesn't attract me as it is to spend the time and effort to read it.

[rebuilder]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

Didn't they just decrease it to 1.5 recently?

[Torque]

Bifinex has now more then 6000 btc in shorts. Question now is: were those btc actually already shorted or people are still waiting for the right time to do it? Can someone  explain how is with short positions on bitfinex? I only do with longs usually? Thanks  

Those "shortes"  could get fucked up if few big buys happens.

they are going to manipulate the market so they profit off their shorts.

That'll be super easy for the whales:  Just stop buying for a while, price falls, profit.

[Heartbit.io]

China still leading the way down



http://heartbit.io/app?item=BTC&platform=BTCCHINA&currency=CNY

[5cMXezpBtm]

That'll be super easy for the whales:  Just stop buying for a while, price falls, profit.

Would need coordination, or? Called cartell as I know

[ChartBuddy]

Explanation

[Torque]

Looks like when China Gov't tried to "ban" bitcoin to make it lose favor with its young people, and failed, they ended up getting their wish anyway: Chinese selling off massive amount of coins without a real ban.  Go figure.  Maybe they should use reverse psychology by trying to "ban" it again.

_{(But.. but... wait, aren't they supposed to be so in love with bitcoin over there??  Guyz?)}

[Richy_T]

Explanation

@ChartBuddy, can you please explain to us how you generate that graphics or one website to found it? It doesn't appear on the "Explanation" section 

Custom code. The data itself is available through the Bitstamp API.

[stereotype]

Its like LTC is a leading indicator, these days.  

No it's not, LTC follows (and one day it will probably stop following even). Anything else is purely coincidental.

Whatever you say, Ledg.

Bloody toxic around here. As you were.

[5cMXezpBtm]

Looks like when China Gov't tried to "ban" bitcoin to make it lose favor with its young people, and failed, they ended up getting their wish anyway: Chinese selling off massive amount of coins without a real ban.  Go figure.  Maybe they should use reverse psychology by trying to "ban" it again.

_{(But.. but... wait, aren't they supposed to be so in love with bitcoin over there??  Guyz?)}

As I understood, Chinese gov. culture is to give only sublime multiple-interpretable hints of what they maybe want or forbid, and the people have to test and pray that they do no failure ...  

[wachtwoord]

Its like LTC is a leading indicator, these days.  

No it's not, LTC follows (and one day it will probably stop following even). Anything else is purely coincidental.

Whatever you say, Ledg.

Bloody toxic around here. As you were.

Come on, everyone who's been around these forums for a few years knows this. I was merely being informative.