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

[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.

[podyx]

A little flashback on the altcoin market which seems to be going to shit pretty soon

[grappa_barricata]

A little flashback on the altcoin market which seems to be going to shit pretty soon

haha, amazing

[beetcoin]

A little flashback on the altcoin market which seems to be going to shit pretty soon

that's pretty awesome.. and relevant at the same time. the wolf of btc-e. now to buy some quaaludes with your cryptos.

[adamstgBit]

ok i'm going to revise my numbers there not entirely fair...

these number are being pull out of here in to my ass and out on to this forum so please take it with gain of salt and draw your own conclusions ...

longs down ~38.4%
shorts up   ~17.64%
price down  ~18%

we can see that shorts covered during the epic long squeeze, they covered ~1.3million dollars while longs squeezed out ~4.5 million. so 3.2million dollars was absorbed by non leveraged positions

since this event shorts are up  ~43.7% while longs are down ~24.5%

also the last big dip was clearly another long squeeze event only this time short didn't cover, they appear to be building...

ref : http://www.bfxdata.com/sentiment/longshort.php

idk what this means poeple

but i'll stick to what i know, TO THE MOON!!!!!!!!!!!

 

[Wandererfromthenorth]

A little flashback on the altcoin market which seems to be going to shit pretty soon

Shitcoins always go to shit when BTC is bearish, if BTC returns to an uptrend it's shitcoin time again, don't worry  

[Raystonn]

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.

Your stats only include leveraged longs, correct?  It doesn't include purchases made without margin.

[manfred]

New year 2018 is just around the corner  

[Wandererfromthenorth]

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.

Your stats only include leveraged longs, correct?  It doesn't include purchases made without margin.

Yes only margin positions.

[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.

Your stats only include leveraged longs, correct?  It doesn't include purchases made without margin.

thats right

its shows most of the coins bought was with non leveraged money.

the latest drop almost non of the coins where bought with covering shorts, shorts increased after the drop.

[David M]

I can't believe I forgot to buy Namecoin at under $1 yesterday. 

[adamstgBit]

there is a whale out there eating cheap coins for breakfast and then cheaper coins for lunch and then cheaper coins for supper.

by all means keep feeding him coins....

[ChartBuddy]

Explanation

[Newbie1022]

A little flashback on the altcoin market which seems to be going to shit pretty soon

Shitcoins always go to shit when BTC is bearish, if BTC returns to an uptrend it's shitcoin time again, don't worry  

BAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! F---ing brilliant!!!!!

[hd060053]

I can't believe I forgot to buy Namecoin at under $1 yesterday. 

namecoin is still very cheap and a good buy. One of the best and most interesting altcoins.

[Raystonn]

It's hilarious really.  Folks are borrowing Bitcoins to sell (short) to holders, who are taking them off-exchange into cold storage.  It will be hard to find cheap Bitcoins when the shorts have to cover.

[podyx]

A little flashback on the altcoin market which seems to be going to shit pretty soon

http://media-cache-ak0.pinimg.com/736x/a1/4d/b3/a14db3cd1b8462b023f0ef2728c4ca8b.jpg

Shitcoins always go to shit when BTC is bearish, if BTC returns to an uptrend it's shitcoin time again, don't worry  

BAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! F---ing brilliant!!!!!

You should of been around when it was the airdrop cryptocoin era with coins like auroracoin,spaincoin and mazecoin.

it was pretty fun lol