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

[NotLambchop]

...
That's a pretty good example of a conversation between the two archetypal bitcoin investors.
Cynical know-it-alls, and people who wish to contribute to a better world.
It's pretty obvious which kind is outnumbered aroundhere

/no whiteknight

That's a pretty good example of not understanding the difference between good works and talking about good works.

And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward.

[EFS]

That's why he's still poor.

[spooderman]

also, if god exists, you better pray that "he's" not like "he" is described in the old testament.

[heartastack]

...
That's a pretty good example of a conversation between the two archetypal bitcoin investors.
Cynical know-it-alls, and people who wish to contribute to a better world.
It's pretty obvious which kind is outnumbered aroundhere

/no whiteknight

That's a pretty good example of not understanding the difference between good works and talking about good works.

And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward.

Bahahahah
/ holier- than-thou
/ thegoddelusion
/ go live in your own and your animal's excrement all day with your family in India and say fuck your religion and community
/ mementic virus
/ religion = community = love. We don't need it in the first world
/ Gott ist tot

[Tzupy]

Waiting for the market to regain some bullishness...

[NotLambchop]

[spergings]

No reason to be so upset, heartastack.  You'll be fine

[ChartBuddy]

Explanation

[abercrombie]

Short interest now at 17k (all time high), and piled on huge the last 2 days.  Somebody must know something.

Bitfinex is setup for a possible huge short squeeze, just from what depths?  

280 to 330?
330 to 360?
350 to 390?

[heartastack]

[spergings]

No reason to be so upset, heartastack.  You'll be fine

Damn that bloke looks just like me, even got the unine soaked pants!

Didn't realise that was yur fetish too

[noobtrader]

Perhaps you should try another hobby?  I understand coloring is both inexpensive and challenging.

hmm you just take teh bitstamp, but not the btce and bitfinex ?
cherry season already dude, eh ?

[NotLambchop]

You didn't know where the chart came from.
I tried to alieve your ignorance.
Stay clueless

...
i dont know why you laugh or where the chart comes from...

[rebuilder]

Short interest now at 17k (all time high), and piled on huge the last 2 days.  Somebody must know something.

Well, we've been following a pattern of attempted breakouts to the upside followed by more downward movement for a while now. Since people seem to consider trend continuations more likely than reversals, shorting on upspikes must seem more and more tempting the longer that pattern continues.

[JayJuanGee]

Waiting for the market to regain some bullishness...

And, who said that it is impossible to herd cats? 

Thanks for this:  I just witnessed "on the internet" that it is possible to herd cats.

[nakaone]

Short interest now at 17k (all time high), and piled on huge the last 2 days.  Somebody must know something.

Well, we've been following a pattern of attempted breakouts to the upside followed by more downward movement for a while now. Since people seem to consider trend continuations more likely than reversals, shorting on upspikes must seem more and more tempting the longer that pattern continues.

if this is really the explanation and they know nothing more they will have a binary chance of burning on next monday maybe even this friday - I still think that it is not a crowd buying but a few individuals who know more and we hodlers will burn.

who cares I am in for the long walk

[razorramon]

20k shorts

[razorramon]

i think these are not "dumping" shorts ... it's positions that get sold...i mean that's why they are "active" shorts or not`?

[ShroomsKit]

Finally going up or nah  

going up, just slow progress

a very very slow movement, but what creates movement in bitcoin i still dont get it.

Nothing creates movement in bitcoin. The bitcoin simply is, and we are the ones that move.

I figure all the excitement will most likely happen in a week a half.  The reason?  I will be in India for two weeks on a mission trip with very little access to computers and no time to really go online at all.  It will be an epic rally for sure!    

Good luck converting those evil Hindus to Christianity.

You might be happy to know I am not going to "convert" anyone.  Mostly doing humanitarian work, putting in water wells in villages, hosting a medical camp with food and clothing for a village of people suffering from leprosy, visiting an orphanage and bringing clothing, food to a home for the elderly there.  We are also hosting the first ever conference for Dalit women.  These women will all be Christian already, so no "conversions."  But my goal is to encourage them and tell them that they have value in the midst of a culture that does not always value women and especially the lowest women in the caste system.

Funny that Christians get condemned for being the ones paying their own way to go on trips like these.  The world desperately needs compassion but compassion begins with the love God puts in our hearts for others I believe.

The population of India is around 2% Christian. Is the prerequisite of you helping someone in India that they are Christian? Seems weird that statistically the chance of you helping people who are all Christians in India is infinitesimally small. Religious discrimination?

Chance of helping 1 person in India and they are Christian. 1/50
Chance of helping 2 people in India and they are both Christian. 1/2500
Chance of helping 3 people in India and they are all Christian. 1/125000
Chance of helping 4 people in India and they are all Christian. 1/6250000
Chance of helping 5 people in India and they are all Christian. 1/312500000

I am going to be partnering with a Christian organization that is already established there.  They have started colleges to provide education and work opportunities for women that were sold into sex slavery.  Also, there are the wives of the village church pastors that will be attending this conference along with the women in the college.  It is very exiting for these women from the villages because many of them have never been to anything like this.  A retreat where all expenses are paid for them is a luxury beyond anything they have ever experienced. Why does it bother you so much that I am going to do this anyways?

Great job, this planet could use more people like you.

A greedy mentally ill psycho who's only reason to help these people is to be able to constantly bring it up in conversations to convince people what a good person she is.
She is helping shit in India. She and the sect she works with will do some praying and feed some FELLOW christians.
People like her are extremely intolerant against non christians. 
Not a christian? No help for you. Convert first.

Talking about money and convincing people what an amazing christian person she is is all that freak show does. It's sick.

The world needs like people like her. Way fucking less. She disgusts me on so many levels.

[grappa_barricata]

20k shorts

And BTC swap interest rate is 0.2%+ per-day, against its historical interest of 0.0055%. Everybody is shorting it seems...

[ChartBuddy]

Explanation

[razorramon]

+~5k btc in longs (calculated) vs +12k btc in shorts...in the last days...exciting