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

[adamstgBit]

did we crash to 0 yet?

[magicmexican]

did we crash to 0 yet?

Could happen on btc-e, soon'ish

[JayJuanGee]

Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

An interest rate of 0.0055 %/day (2% annual) doesn't seem worth the risk to me.

after BTC swaps shot to 8k BTC, an hour ago there was only miniscule amount available. Now there's again ~ 1000 BTC available to borrow at flash rate of 0.0055 %/day. wtf. who in his right mind is doing this???

wild theory: maybe those are just finexBTC being lent?

dude, come on. 1000 BTC? that's nothing. a year ago we used to see 5k walls, 5k dumps regularly. 9k total swaps and 1000 "fresh" BTC is nothing. any early adopter could be doing this, no need to make any accusations of finexBTC....

1k BTC today is very close to the same value as 5k BTC one year ago...

[adamstgBit]

did we crash to 0 yet?

Could happen on btc-e, soon'ish

i better capitulate b4 its starts costing money to do that

SUB 0!

[JayJuanGee]

So, basically all of the alts are up big time and we are flat on the whole for the day. http://coinmarketcap.com/

1. So, does this mean that we are really supposed to be breaking the bear trend, now? (I don't think so... the bounce back was anemic and we haven't retested the low); OR

2. The alts didn't get the memo and the gamblers who took out leverage on those because they thought they'd go up faster are now doubling down on the bet to keep pumping the price and they are about to get uber-slaughtered.

I'm going with 3.) No one knows wtf is going on and the whales have successfully completed confused the minnows

3) sounds better to me, too... It does NOT make a whole hell of a lot of sense to attempt to make some comprehensive theory regarding alts b/c each of the alts are likely being manipulated in different ways, which in part may correlate to changes in bitcoin prices and other news drops related to any of the alt coins.

[adamstgBit]

if someone says we're bouncing on "low vol" i swear to god i'm going to pop out of your computer screen and moon you

[Yololintian]

I'm starting to feel really bullish right now. Longs got squeezed to the extent that I wanted, been waiting for that for over a month. And now 8k shorts, mostly at the bottom. There's gonna be a nice short squeeze and I think we will see 500s soon.

[spiderbrain]

if someone says we're bouncing on "low vol" i swear to god i'm going to pop out of your computer screen and moon you

=D

[klee]

This is Stellar!!! 

[JayJuanGee]

So, basically all of the alts are up big time and we are flat on the whole for the day. http://coinmarketcap.com/

1. So, does this mean that we are really supposed to be breaking the bear trend, now? (I don't think so... the bounce back was anemic and we haven't retested the low); OR

2. The alts didn't get the memo and the gamblers who took out leverage on those because they thought they'd go up faster are now doubling down on the bet to keep pumping the price and they are about to get uber-slaughtered.

I'm going with 3.) No one knows wtf is going on and the whales have successfully completed confused the minnows

Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you.  Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank.  Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.

Pay attention to the moving averages.  until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.

Probably the reason you got squeezed the last time (three months ago) was b/c you were shorting when you should have been betting long. 

It seems that you have NOT learned from your mistakes, which is sad for you; however, you are back here attempting to suggest that you are more knowledgable then the rest of us b/c you have been around the block and you seem to be playing the same tune to attempt to rally the troops to follow you and to sell coins. 

However, contrary to your plan the better and more sane solution towards BTC prosperity is:


HODL!!!!!!!   and BUYDL!!!!!!!!!

[adamstgBit]

This is Stellar!!! 

[manfred]

This is Stellar!!! 

lol, people selling the Facebook details for a meagre 100 scam stellars

[adamstgBit]

This is Stellar!!! 

lol, people selling the Facebook details for a meagre 100 scam stellars

wtf dose that mean?

[justusranvier]

Remember the days when bitcoin was down 93.08% from its all time high (closing price on June 8 2011 was $ 29.6 on Nov 18 2011 it was $ 2.049)

If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.

[findftp]

Remember the days when bitcoin was down 93.08% from its all time high (closing price on June 8 2011 was $ 29.6 on Nov 18 2011 it was $ 2.049)

Can you tell me what software you use to generate these charts?

[rpietila]

If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.

How is this so?

[magicmexican]

LTC shorters about to be spanked?

[justusranvier]

If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.

How is this so?

If you want to know if Litecoin was a better investment compared to Bitcoin, then look at that exchange rate.

Watching both of them move against the USD, and then trying to deduce from the two graphs which one moved faster is a process more prone to error compared to just looking at the relevant exchange rate.

The reason no Litecoiners don't display this chart is because it's not nearly as compelling:

http://cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime

Litecoin started trading at 0.006 BTC and now, almost two years later, it's trading at... 0.008 BTC.

[adamstgBit]

will we have what we are looking for? will price ever reach 1000$ again?

price will need to find its footing again, we thought we had it and doubled from the low to 680

now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again

this will pass... we may or may not make a new low b4 this passes who knows.

i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.

don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.

but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...

If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"

[adamstgBit]

thoughs?

anyone disagree with any of that?