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

[Wary]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

Just curious. Who are these bastards?

[molecular]

I have a question that I posted in the Service Discussion Bitfinex thread but got no answer. Maybe someone here can help me?
Can I, with an unverified account, deposit bitcoin, trade with leverage and withdraw bitcoin to / from Bitfinex? Thank you.

yes

[ChartBuddy]

Explanation

[adamstgBit]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

Just curious. Who are these bastards?

traders selling to buy back lower.

[Wary]

Fun thought: The Ripple market now is like the Bitcoin market before shorting was possible on a substantial scale.

Yes, I mean that as: Ripple is in bubble mode and the burst will be spectacular, but I'm sure you can also derive the other implication

I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,  then bubbles will be 20 times smaller.

[Tzupy]

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,  then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

[Fatman3001]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

Just curious. Who are these bastards?

traders selling to buy back lower.

I love reading billybanjo. Apparently someone born out of wedlock stole his Lamborghini but he learnt a valuable lesson so it's ok. That's a nice story.

[Bitcoins101]

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,  then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

Money doesn't disappear.

[Wary]

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,   then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

That's why I put a smile after 20. I reckon people would use more sensible numbers, like 2:1 or 3:1. The question is how would it affect the price picture. Would it reduce amplitude of price swings several-fold?

[findftp]

I wonder if we get one of those $102 moments soon at BTC-e...

Just imagine, and place your bets!mine are at 205


Why do i always trade with so much emotion. 

[ChartBuddy]

Explanation

[Wary]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

Just curious. Who are these bastards?

traders selling to buy back lower.

But why does he call them parasites?    Just because they took his money?  Or there is some economic reasoning behind it?

[Dilla]

China waking up. Down to <300, some price, or up?

[Fatman3001]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

Just curious. Who are these bastards?

traders selling to buy back lower.

But why does he call them parasites?    Just because they took his money?  Or there is some economic reasoning behind it?

Because of the lambo?

[findftp]

China waking up. Down to <300, some price, or up?

Down to >200, at some exchanges. I'll stay awake tonight.
This could get interesting. 24 much critical hours...

[Dilla]

China waking up. Down to <300, some price, or up?

Down to >200, at some exchanges. I'll stay awake tonight.
This could get interesting. 24 much critical hours...

It could go low, good thing I'll be up studying for exams, a great buy opportunity may happen tonight.

[NotLambchop]

... But why does he call them parasites?    Just because they took his money?   ...

Mistaking Us for parasites.  Pathetic earthling.



  ~Your Beneficent Reptilian Overlords

[luigi1111]

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,  then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

Money doesn't disappear.

All the time.

[Wandererfromthenorth]

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short,  but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does.  That's the beauty of the free market. Every trade is win-win or it doesn't happen.

 

You Sir, just went full Shroomskit.

[findftp]

...who took our money so easily...

...I'm gonna take these bastards money...

Please define "money".