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

[Sandia]

i wish someone could explain to me this in english, I understand that a short is betting that it will go down, long the opposite, but how does it work in detail? can someone give me an example? like they were explaining it to a 5 year old? lol.

Why does it matter that there are 7300 shorts? because thats a shit ton?

Short: Somebody borrows bitcoins and sells them. Later he will buy bitcoins at lower price and returns them to the lender + interest.
Long: Borrow $$ then buy BTC and sell them later.

On Bitfinex, they have a claim option.  If you buy 10 coins at $100, and the price goes up $20, you have $200 profit (10 coins x 20 USD).
You can sell 8 coins, and use the $200 profit to "claim" the remaining 2 coins at the original $100 price.

This means you don't necessarily have to sell all of the original 10 coins.

[Walsoraj]

http://coinorama.net/

Bid sum shows signs of recovering. Probably at bottom (for today).

This turned out to be an epic call of unprecedented precision.

I demand respect and adoration from every bull in this thread. A brief statement about how awesome I am will suffice for now.

[fonzie]

I swear by God, by God, by God, creator of heaven and of Earth, and by His manifestations visible and invisible, and by my Prophet Mohammed Al-Mustafa who taught and confirmed and showed the Faith that we Moors and Suleimans believe, and by the Quran in which it is written in Arabic the Faith that we have, and by the Psalter of David and by the Gospels of Jesus Christ and by the hundred and twenty four Prophets of God of which Adam was the first, and by the soul of the blessed my Father, and by the life of my children, and by my head, and by the sword that I carry that JayJuanGee is not a sockpuppet account that I created for the sole purpose of inflating the count of posts about my person.

 

[kireinaha]

It's feeling a bit top-ish again, isn't it? Looks like our one day reprieve from the freefall might be coming to a close. Just my gut instinct.

[hd060053]

BTC China is taking over control in chinese market. Higher volume than huobi / okcoin.

why ?

[Walsoraj]

BTC China is taking over control in chinese market. Higher volume than huobi / okcoin.

why ?

I wouldn't be surprised to learn that Coinbase now buys from BTCChina, instead of Stamp.

[bigasic]

i wish someone could explain to me this in english, I understand that a short is betting that it will go down, long the opposite, but how does it work in detail? can someone give me an example? like they were explaining it to a 5 year old? lol.

Why does it matter that there are 7300 shorts? because thats a shit ton?

Short: Somebody borrows bitcoins and sells them. Later he will buy bitcoins at lower price and returns them to the lender + interest.
Long: Borrow $$ then buy BTC and sell them later.

On Bitfinex, they have a claim option.  If you buy 10 coins at $100, and the price goes up $20, you have $200 profit (10 coins x 20 USD).
You can sell 8 coins, and use the $200 profit to "claim" the remaining 2 coins at the original $100 price.

This means you don't necessarily have to sell all of the original 10 coins.

this just sounds so damned confusing, lol and extremely risky..But very profitable if you guessed the right way. Also, this only works by borrowing either coins or money, right? there needs to be a class on this somewhere, lol.. bitfinex explains it like you already know what you are doing..

[dropt]

http://coinorama.net/

Bid sum shows signs of recovering. Probably at bottom (for today).

This turned out to be an epic call of unprecedented precision.

I demand respect and adoration from every bull in this thread. A brief statement about how awesome I am will suffice for now.

[Sandia]

i wish someone could explain to me this in english, I understand that a short is betting that it will go down, long the opposite, but how does it work in detail? can someone give me an example? like they were explaining it to a 5 year old? lol.

Why does it matter that there are 7300 shorts? because thats a shit ton?

Short: Somebody borrows bitcoins and sells them. Later he will buy bitcoins at lower price and returns them to the lender + interest.
Long: Borrow $$ then buy BTC and sell them later.

On Bitfinex, they have a claim option.  If you buy 10 coins at $100, and the price goes up $20, you have $200 profit (10 coins x 20 USD).
You can sell 8 coins, and use the $200 profit to "claim" the remaining 2 coins at the original $100 price.

This means you don't necessarily have to sell all of the original 10 coins.

this just sounds so damned confusing, lol and extremely risky..But very profitable if you guessed the right way. Also, this only works by borrowing either coins or money, right? there needs to be a class on this somewhere, lol.. bitfinex explains it like you already know what you are doing..

It is gambling, and you can lose everything with 1 bad decision.
If you are at maximum leverage on Bfx, it only takes a 20% drop to wipe you out.

[hyphymikey]

BTC China is taking over control in chinese market. Higher volume than huobi / okcoin.

why ?

Maybe new money is coming in and they know BTC China has real volume.

[ChartBuddy]

Explanation

[adamstgBit]

interesting data, in the last few days:

longs are down ~38.4%
shorts are up ~43.7%
price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

[magicmexican]

Meanwhile the bitcoinbuilder.com is offline, looks like my goxcoins are gone 

[Walsoraj]

an interesting fact

in the last few days:

longs are down ~38.4% short are up ~43.7%  price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

Willy 2.0

[adamstgBit]

an interesting fact

in the last few days:

longs are down ~38.4% short are up ~43.7%  price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

Willy 2.0

non leveraged true believers ( aka: investor not trader)

bears are doomed.

[grappa_barricata]

interesting data, in the last few days:

longs are down ~38.4%
shorts are up ~43.7%
price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

A very good question indeed...

[blaaaaacksuit]

interesting data, in the last few days:

longs are down ~38.4%
shorts are up ~43.7%
price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

Probably just the 13 bloodlines of the illuminati.

[adamstgBit]

interesting data, in the last few days:

longs are down ~38.4%
shorts are up ~43.7%
price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

Probably just the 13 bloodlines of the illuminati.

the world is doomed. at least bears go down first.

[keewee]

i wish someone could explain to me this in english, I understand that a short is betting that it will go down, long the opposite, but how does it work in detail? can someone give me an example? like they were explaining it to a 5 year old? lol.

Why does it matter that there are 7300 shorts? because thats a shit ton?

Short: Somebody borrows bitcoins and sells them. Later he will buy bitcoins at lower price and returns them to the lender + interest.
Long: Borrow $$ then buy BTC and sell them later.

On Bitfinex, they have a claim option.  If you buy 10 coins at $100, and the price goes up $20, you have $200 profit (10 coins x 20 USD).
You can sell 8 coins, and use the $200 profit to "claim" the remaining 2 coins at the original $100 price.

This means you don't necessarily have to sell all of the original 10 coins.

this just sounds so damned confusing, lol and extremely risky..But very profitable if you guessed the right way. Also, this only works by borrowing either coins or money, right? there needs to be a class on this somewhere, lol.. bitfinex explains it like you already know what you are doing..

It is gambling, and you can lose everything with 1 bad decision.
If you are at maximum leverage on Bfx, it only takes a 20% drop to wipe you out.

"only" a 20% drop. Bitcoin volatility in a nutshell  

[hyphymikey]

interesting data, in the last few days:

longs are down ~38.4%
shorts are up ~43.7%
price has dropped ~18%

so if longs are down and short are up , who the fuck is buying all the coins?

Wall St.