rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
|
|
December 28, 2014, 08:41:20 AM |
|
Stolfi, NotLambChop and co. are not here to convince, you, I and other bitcoiners who already know it's revolutionary value to be true. They are here to pollute the waters for the new and curious that come seeking truth, wisdom and knowledge from the bitcoin well.
I'd wager that's actually pretty close to what Stolfi's motives are here, except what you call wisdom he believes is poison. Lambchop, OTOH seems to be in it for some kind of demented kicks.
|
|
|
|
LOBSTER
|
|
December 28, 2014, 08:53:33 AM |
|
I woke up @ 315$. I thought that we were going to 300$...
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1780
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 28, 2014, 09:00:24 AM |
|
|
|
|
|
jaberwock
Legendary
Offline
Activity: 2618
Merit: 1073
|
|
December 28, 2014, 09:11:49 AM |
|
The same way PBOC said they are pro cryptos, while this year they banned BTC like one hundread of times. What matter are acts, not words
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 28, 2014, 09:34:59 AM |
|
I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon
|
|
|
|
Davyd05
|
|
December 28, 2014, 09:36:55 AM |
|
The same way PBOC said they are pro cryptos, while this year they banned BTC like one hundread of times. What matter are acts, not words they never really banned it though, that was just people in panic. They tightened regulations probably to hinder capital flight.
|
|
|
|
rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
|
|
December 28, 2014, 09:46:58 AM |
|
I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon Maybe, but apart from market sells, there's not much action lately. Not many seem to be comfortable buying at the moment, although some appear happy to leave their bids hanging in case of a dip.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 28, 2014, 09:52:10 AM |
|
I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon Maybe, but apart from market sells, there's not much action lately. Not many seem to be comfortable buying at the moment, although some appear happy to leave their bids hanging in case of a dip. That was the point. The market sells are probably large tranches of short contracts dumped in one go. A few hundred coins sells from lemmings momentum traders adding a bit of extra volume. That isn't particularly organic selling, and coupled with rising btc swap rates and overall btc swap contract levels at near all time recorded highs we could be at an inflection point. Those coins have to be bought back. Edit: fuck it i'm buying.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1780
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 28, 2014, 10:00:22 AM |
|
|
|
|
|
Q7
|
|
December 28, 2014, 10:43:34 AM |
|
Market is pretty slow. Just hoping that when the holiday season is over, there will be continued buying from traders. For now, I'm adjusting my buy order from 250 to 280. Overall still remain cautious so my bet is pretty small right now. Hoping for the best
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1780
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 28, 2014, 11:00:22 AM |
|
|
|
|
|
Wandererfromthenorth
|
|
December 28, 2014, 11:11:55 AM Last edit: December 28, 2014, 12:49:22 PM by Wandererfromthenorth |
|
I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon BTC swaps are near all time high that's true, but there is something to consider here: -BTC has lost 70% of its value since the ATH, and BTC swaps are measured in BTC of course (not in USD), so the amount of BTC swaps currently are actually worth a half/a third (in USD) compared to the beginning of the year. Longs for example are clearly measured in USD, and that's 21.5 million USD in longs, a lot more, as always. Shorts: 5.7 million USD Longs: 21.5 million USD
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
December 28, 2014, 11:20:40 AM |
|
I've noticed a pronounced divide between winners and loser lately. Remember that a lot of us aren't traders, and joined this year. Imagine that, if you will. It's hard times, brothers, I promise you
friend of mine got in at $30 in 2011. He had to wait almost 2 years to become a happy man.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 28, 2014, 11:31:01 AM |
|
I wonder if every man and his dog on here are short? Based on finex data short levels are at the 2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex). It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things. Expect either some mad short covering or the hammer to fall soon BTC swaps are near all time high that's true, but there is something to consider here: -BTC price has lost 70% of its value since the ATH, and BTC swaps are measured in BTC of course (not in USD), so the amount of BTC swaps currently are actually worth a half/a third (in USD) compared to the beginning of the year. Longs for example are clearly measured in USD, and that's 21.5 million USD in longs, a lot more, as always. Shorts: 5.7 million USD Longs: 21.5 million USD Good point, though it is closer to half since start of the year. Longs are also down nearly a third from july (the ATH 30 million dollars long leverage). Given some speculative money has left the space what we are left with is: longs gradually trending upwards but nearly a third down from 5 months ago, with shorts at nearly the ATH, high btc swap rates and a dwindling supply of coins on finex. I haven't looked at the chinese exchanges as I don't trust the data from them at all. So is there a manipulated large dump coming or a short squeeze? Who is left to sell who hasn't already? Edit: Though of course all it takes to get some arbitrage is a china trader selling to himself on huobi or okcoin
|
|
|
|
tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
|
|
December 28, 2014, 11:39:57 AM |
|
Edit: fuck it i'm buying.
ouch!
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 28, 2014, 11:41:06 AM |
|
Edit: fuck it i'm buying.
ouch! Yeah i am down a whole 8 dollars on the 2 coins I picked up!!
|
|
|
|
Eddie Brock
Newbie
Offline
Activity: 53
Merit: 0
|
|
December 28, 2014, 11:49:55 AM |
|
Slow drift back upwards continues. What are the bets by monday we are at or higher than 333?
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1780
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 28, 2014, 12:00:22 PM |
|
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 28, 2014, 12:09:28 PM |
|
Slow drift back upwards continues. What are the bets by monday we are at or higher than 333? Is it monday lambtroll?
|
|
|
|
tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
|
|
December 28, 2014, 12:11:23 PM |
|
Edit: fuck it i'm buying.
ouch! Yeah i am down a whole 8 dollars on the 2 coins I picked up!! all that tough talk and you bought 2 btc. welcome to speculation forum!
|
|
|
|
|