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

[hyphymikey]

No.

I'm simply trying to explain that there is no spoon.

Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all

Post
How many positions did you open?

This was about a long 20x leverage position that I did at $375

Aren't OKCoin futures prices different than exchange price? If so, maybe the price of futures went below your margin call. I'm not sure about this though, I dont deal will futures or OKCoin, I stick with BTC.sx for leverage.

EDiT: just looked on the futures chart and the price never got that low, maybe they will fix it for you.

[Davyd05]

No.

I'm simply trying to explain that there is no spoon.

Can you please be serious and explain cuz I have no idea what just has happened, and lost alot of money for no reason at all

you never go full retard?

tighter stop loss? fuck da margin?

[brg444]

Coinbase being valued at 400,000,000$ is pretty bullish.

How long until we get our first billion $ company.

[JorgeStolfi]

Would the ripple fans please help me understand it?

Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.

Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.

Is the above correct?

Thanks...

vaporware

Thanks... but, in my post above, please replace "is" by "is supposed to be"; my question still stands.

[noobtrader]

Would the ripple fans please help me understand it?

Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.

Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.

Is the above correct?

Thanks...

vaporware

Thanks... but, in my post above, please replace "is" by "is supposed to be"; my question still stands.

i just bought ripple and you make me cry river...

[ChartBuddy]

Explanation

[Davyd05]

I was waiting for a drop, if you bought at 275 - 300 you'd be super tempted to take profit on such a sharp spike... even in reversal mode there would be a likely retracement.  

[Adrian-x]

Would the ripple fans please help me understand it?

Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.

Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.

Is the above correct?

Thanks...

As I understand it, it's not too different from how money is created now, It's a p2p system of trust for issuing and managing debt, anyone can put economic energy into the system that becomes the money, you can do work for someone and receive remuneration from someone else, the ripple system handles who what when, and where no trust relationship exists you can bridge the gap with XRP.

The problem I see is when non banks (people like you and me) start using the system, as we are not professionals when it comes to rating credit worthynes we will issue credit that is likely to result in a default.

I like the idea of banks using it as it's probably has some advantages over the central bank,  still haven't wrapped my head around why people speculate on XRP though.

[BayAreaCoins]

I was waiting for a drop, if you bought at 275 - 300 you'd be super tempted to take profit on such a sharp spike... even in reversal mode there would be a likely retracement.  

Expecting pop shortly on Stamp then OKcoin following.  

I base this on... absolutely nothing

(Actually of the fact the futures are shooting up and getting thin.)

1Month:
Ask(1)   406.14   25   6.1555
Bid(1)   401.61   22   5.4779

[MrPiggles]

I was waiting for a drop, if you bought at 275 - 300 you'd be super tempted to take profit on such a sharp spike... even in reversal mode there would be a likely retracement.  

Expecting pop shortly on Stamp then OKcoin following.  

I base this on... absolutely nothing

(Actually of the fact the futures are shooting up and getting thin.)

1Month:
Ask(1)   406.14   25   6.1555
Bid(1)   401.61   22   5.4779

The BTC/USD rally has entered resistance from former congestion that spans 395-399 Look for the decline to resume from this zone. The next major support is 380

One more low may complete 5 waves down from the June high. BTC/USD traded into $480, which is the objective from equality between waves 1 and 5 (from the June high). Exceeding $480 is needed in order to suggest that the near term path is not lower but equality between waves 1 and 5 is a common relationship thus the risk of a turn higher.

This is completely made up of course, but it's just as convincing as any argument I've seen on here.

[ChartBuddy]

Explanation

[BayAreaCoins]

There she goes! Crashing up

[arklan]

sometimes i love watching this market... really quite fascinating.

[Davyd05]

Bouncing off the 300 day ema three times now new local bottom. Wonder if we can hold 420 next weekend.

[ChartBuddy]

Explanation

[macsga]

BFX looks pretty bullish. We will hopefully test >420 soon
http://bfxdata.com/orderbooks/btcusd.php

[Chang Hum]

bitcoinz just a stupid ponzi scheme

[Bagatell]

bitcoinz just a stupid ponzi scheme

So who is collecting all the money?

[LFC_Bitcoin]

bitcoinz just a stupid ponzi scheme

Derp

[Bagatell]

bitcoinz just a stupid ponzi scheme

Derp

I just had a quick look at his other posts - ye gods! /ignore lol