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

[jonoiv]

I think we can all agree, things will only get better from here.

LOL..   for a minute their I thought you were serious.  You're right though, it's looking so bearish it's frightening. 

[p0peji]

I think we can all agree, things will only get better from here.

LOL..   for a minute their I thought you were serious.  You're right though, it's looking so bearish it's frightening. 

Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm?

[MatTheCat]

(Bold) When?

Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there.

Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me.

After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty.

[RoadTrain]

(Bold) When?

Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there.

Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me.

After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty.

Don't really know what you're talking about, been trading at BTC-e since 2012 and BTC deposits always took 3 confirms for me to be credited.

[hdbuck]

oh boy.. seems like now is the time for Chinese people to buy a lot of bitcoins!

-> http://www.zerohedge.com/news/2014-04-16/richest-man-asia-selling-everything-china

c'mon get your money out of china!

[Stevenrm87]

(Bold) When?

Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there.

Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me.

After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty.

Don't really know what you're talking about, been trading at BTC-e since 2012 and BTC deposits always took 3 confirms for me to be credited.

Same with me, been trading since april, 2013

[JayJuanGee]

I think we can all agree, things will only get better from here.

LOL..   for a minute their I thought you were serious.  You're right though, it's looking so bearish it's frightening. 

Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm?

Yeah... we may NOT see $400s again... looks like BTC could be revving up for a take off - just a matter about how long it is going to take before it begins to edge up on a more permanent basis... and maybe even float into the $750-$850 range.

that would be bullish

[PoolMinor]

oh boy.. seems like now is the time for Chinese people to buy a lot of bitcoins!

-> http://www.zerohedge.com/news/2014-04-16/richest-man-asia-selling-everything-china

c'mon get your money out of china!

[ChartBuddy]

Explanation

[cee-euros]

classic bitcoin

[chessnut]

possible short scalp for the day, or long entry target. buying all I can at 480 - 500.[/img]

[jl2012]

oh boy.. seems like now is the time for Chinese people to buy a lot of bitcoins!

-> http://www.zerohedge.com/news/2014-04-16/richest-man-asia-selling-everything-china

c'mon get your money out of china!

His private venture has invested in Bitpay

[jonoiv]

I think we can all agree, things will only get better from here.

LOL..   for a minute their I thought you were serious.  You're right though, it's looking so bearish it's frightening.  

Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm?

It's looking dumptastic mate ! Really.  that pump was IMHO to manipulate the 4 Hour MACD so they can offload some more coins.  

I won't take any bets, but I dumped already, just waiting now.

[chessnut]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that way I can ride the next wave to 10k  with 1/3 x more BTC than I have now, and never risk that position liquidating?

sounds good right?

[jonoiv]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that way I can ride the next wave to 10k  with 1/3 x more BTC than I have now, and never risk that position liquidating?

sounds good right?

you mean hedging?

[aminorex]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that is not correct

[chessnut]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that is not correct

can you explain why? I would always have one extra bitcoin to support the one that I am borrowing?

oh wait. I get it. cos I have to pay in USD if it crashes to zero, and all my coins are worth nothing. silly me 

[chessnut]

idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?

that way I can ride the next wave to 10k   with 1/3 x more BTC than I have now, and never risk that position liquidating?

sounds good right?

you mean hedging?

no hedging is different. hedging is simply having BTC and USD simultaneously.

[aminorex]

can you explain why? I would always have one extra bitcoin to support the one that I am borrowing?

You entered a total return swap at, say, $100 BTCUSD.  The return on the nominal bitcoin when BTC is at X$ is $(X-100).  You own 2 BTC.  If BTCUSD drops to $10, then you own $20 in capital.  You owe $80 in returns on the nominal bitcoin.  Your position is net $60 in the hole (and you also owe the interest on the swap).  Actually, you would have been stopped out before that, while your position was still worth $13.

[Post-Cosmic]

 Today's a Special Day.

~> https://asktom.cf/index.php?topic=178336.0
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
April 16, 2013, 10:32:22 PM
Wall Observer
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 Happy 1-Year anniversary, Oh Great Thread of my eternal amusement thru the endless cycles of watching charts move.

<sub>I feel so excruciatingly dumb, so embarrassingly inept. I mean this is ultra-basic internet/computer use 101. You DON'T save a giant email or forum post content w/ tons of data, merely in clipboard. You keep saving it to HDD in notepad or w/e, every 5min. But I just did, & then forum had logged me out, & when I came to log back in I forgot I only had this WHOLE post text only in clipboard, hadn't hit preview, hadn't saved a draft..so I had better not CTRL+C some other sht, but indeed I did, then immediately realized it & wanted to break the keyboard on my witless head =/

 Now it's all gone. Lol o.o Hours wasted. Not that anybody shld giv a fk 'cept for me, just thought I'd share ;9</sub>