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

[hyphymikey]

Everyone seems more excited now than the last time we made a run at 420. Since then we dropped about 100.

What makes this time any different?

[shmadz]

I don't know how it works on your exchange, but in my experience, every day you spend in the red you are bleeding out interest. Also, because of the spread, your position is in the red the second you make your bet.

Definitely a good idea to start with some small bets to get used to the system before swinging for the fences.

Well, how big are the interests? They aren't that big right
BTW, I know I look like a fool and I normally wouldn't do this but my gut, heart and brain is telling me to do this, like what am I supposed to do

Follow your gut, your heart, your feelings.

Pay no attention to the heartless psychopaths that try to second guess your inner instincts.

I'm just saying to start slow, "how big are the interests?" is something I don't know because I've never traded on your exchange. I'm just trying to say that I wouldn't feel comfortable entering a significant position without knowing exactly how big are the interests 

[JorgeStolfi]

What hedge fund uses their entire 3 billion on bitcoin? They are probably only putting 1% of their 3 billion euro into bitcoin. Nobody said they came to the exchange with 3 billion euro. LMAO!

Is that fund trading bitcoin, or is it just using their trading platform to trade something else?

[ChartBuddy]

Explanation

[Dotto]

I don't know how it works on your exchange, but in my experience, every day you spend in the red you are bleeding out interest. Also, because of the spread, your position is in the red the second you make your bet.

Definitely a good idea to start with some small bets to get used to the system before swinging for the fences.

Well, how big are the interests? They aren't that big right
BTW, I know I look like a fool and I normally wouldn't do this but my gut, heart and brain is telling me to do this, like what am I supposed to do

If you win you win x20. If you lose, you lose 1x collateral. Don´t listen people, go for it.

[FNG]

Down trend definitely finished. $500 within 10 days

[abercrombie]

Everyone seems more excited now than the last time we made a run at 420. Since then we dropped about 100.

What makes this time any different?

Santa Claus Rally?

[Patel]

We're not in the clear until we break $420

[noobtrader]

380 breakout... YAYYY  


1K here we go

edit : ok maybe 450 at least

[hyphymikey]

Just went long with 2000x leverage. Hopefully it doesn't drop 19 cents.

[David M]

3 month MA looks like it might get broken on Sunday.

http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv

Hopefully that means we will move back into the channel.  420 - 520.

[janos666]

Just went long with 2000x leverage. Hopefully it doesn't drop 19 cents.

How will you sleep at night, thinking about all that profit you make in every seconds?

I have a feeling it will start falling tomorrow.

[JimboToronto]

"Massive" dump to below $380.

Cue Shroomskit.

 

[ChartBuddy]

Explanation

[lyth0s]

How does one create a leveraged long/short on Bitfinex?

--Completely new to this.

[Newbie1022]

And shorted at 381!!!

[lyth0s]

And shorted at 381!!!

I like how basically everyone is able to short nearly perfectly at the peaks. But then removes shorts right before it goes up. Good stuff

[KFR]

And shorted at 381!!!

Really?   

[PeteAugustus]

When will it be at $1500 and is altcoins like Coin Magi XMG hurting btc?

[lyth0s]

So with margin buys. If I put up $10 on a 3:1 margin I can buy up to $30 of bitcoin right? Now if bitcoin price doubles my $30 becomes $60 right? How much of that $60 do I get to keep if I claim/close my margin buy?