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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17332. (Read 26609871 times)

sr. member
Activity: 397
Merit: 250
Where to see the current number of longs Vs shorts? Always fun to see the bears burn.

https://www.bfxdata.com/positions/btcusd

17k shorts (all red) to 10k longs (all green). 7k outstanding difference between them.

Burn the shorts with fire!

edit: can people stop quoting roach, please? He had a point, a very long time ago, I don't think it changed at all and really, there's no need to re-read it every other post. Thx!
legendary
Activity: 1260
Merit: 1000
$1420.00 on GDAX...

A $100 spread between GDAX and BTCE and $300 spread between Finex and China means we're in some type of MtGox scam territory.  These types of enormous spreads have never been seen before post-Gox.  The people who run these exchanges are complete dirtbags that will insider trade against customers because there's no laws stopping them.  It was pathetic that the second Bitfinex shuts off it's withdrawals, it seemed like the people running the exchange believed that was the perfect moment to attempt to do some complete non-aggregate market pump to margin call all their own customers LOL.

I would also be pissed if I had cash sitting on that exchange and they tell me, "Hey wer'e shutting off withdrawals.  Have fun buying coins $100-$300 over market rate just to get your money out of here while we allow our insider trading team to force you to buy at the highest top dollar possible."  Everything about this market is a complete scam right now, and as usual, all revolving around Bitfinex.  The men who can make $60 million disappear into thin air.
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Wish this would happen with finex trading for real dollars
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Where to see the current number of longs Vs shorts? Always fun to see the bears burn.

Awww, c'mon. Bears are so cute.



Just not very bright.  Grin

copper member
Activity: 2898
Merit: 1465
Clueless!
Well..EVERYTHING is frigging up? Alts/BTC/LTC etc (even my dubious 2016 1btc at $650 into LISK) Smiley

So is this just a setup for a 'face plant' or moon launch?

(Too wierd...still holding but parts of me are starting to 'pucker' with the stress) Smiley

weird as F*ch thou imho Smiley

hero member
Activity: 658
Merit: 503
Bear with me
Where to see the current number of longs Vs shorts? Always fun to see the bears burn.
legendary
Activity: 1260
Merit: 1116
Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:



Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though. Smiley

Fine.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:



Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though. Smiley
legendary
Activity: 1260
Merit: 1116
Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:

legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
According to Google, 1 bitcoin is now worth $1947CAD.

Those rungs up the ladder are getting closer together.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓

It's really not.  I said months ago bitcoin was probably going to hit a wall once transaction fees got to around $1-2, and it got pretty damn close to that already.  This is why alts are getting such action and why LTC with segwit passing will probably outperform btc gains for the time being if people are going to let bitcoin sit at 4 TPS forever.  It requies scaling and probably needs a critical threshold of at least 50 TPS to survive at all.

I do totally agree that Bitcoin needs scaling to really grow. In current situation I think the probability of Bitcoin solving the scaling thing by activating Segwit in the near future (maybe even before end of year) is going higher (not talking about CURRENT signaling, thats BUllshit).

In the meantime, it can perfectly reach 1500-2000.

And it needs way more than 50TPS to really grow as intended. Fortunately that is solved with Segwit+LN.
legendary
Activity: 1288
Merit: 1087
What the hell is going on there I wonder?
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
legendary
Activity: 2198
Merit: 1000
Bottom line is, Bitcoin is in moon territory now or at least this is as good as it been in a very long time and in a much better way  Shocked
legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread
legendary
Activity: 1260
Merit: 1000
roach is the new jstolfi ... only fools, idiots and ideologues can remain wrong in the face of overwhelming evidence to the contrary ... they all have no shame.

Good old Marcus, the guy who claims anyone who doesn't think bitcoin will go straight up in a vertical line to infinity at 4 TPS is wrong.
hero member
Activity: 658
Merit: 503
Bear with me
roach is the new jstolfi ... only fools, idiots and ideologues can remain wrong in the face of overwhelming evidence to the contrary ... they all have no shame.

Indeed. And then at some point they just leave the forums never to be seen or heard from again.
legendary
Activity: 2198
Merit: 1000
To me Bitcoin is a payment system first, then it has or gains value based on that demand. However since real world acceptance to use bitcoin for buying things has not really happened, it has become more of a stock, really just like a big poker game in the end lol when to hold and when to fold Grin
legendary
Activity: 1260
Merit: 1000
Well, that's where he's completely wrong because no cryptocurrency is a store of value.

And that's where you are completely wrong, because almost anything is a "store of value". Gold is, silver is, currencies are, marble is, copper is, steel is, FIAT is, collectibles are, wood is.... everything.

Cryptocurrency is definitely not.  To be a store of value, you have to be able to put up some type of fight against time and entropy itself - transferring a fungible, unchangeable unit of account from past to future regardless of any externalities.  Bitcoin is not even fungible for fucks sake, nor is it durable since the system is designed to be molded by the entropy process and can transform into something completely different at the drop of a hat.  Or things like rough consensus attack, cryptography failures, poorly structured incentives, etc, can implode it.

So in real, technical terms, bitcoin is the EXACT OPPOSITE of money and the exact opposite of what a store of value is.  It's like I said 5000 times before, just a currency.  It does not matter if late night infomercial guy Antonopolous told you it's a store of value or money.  It's clearly not.  Just because it's more difficult (but not impossible) to cause inflation doesn't mean it's not a currency or that it's the same thing as gold and silver.


Bitcoin is way undervalued in comparison to altcoins. That's what changed.

It's really not.  I said months ago bitcoin was probably going to hit a wall once transaction fees got to around $1-2, and it got pretty damn close to that already.  This is why alts are getting such action and why LTC with segwit passing will probably outperform btc gains for the time being if people are going to let bitcoin sit at 4 TPS forever.  It requies scaling and probably needs a critical threshold of at least 50 TPS to survive at all.
legendary
Activity: 2198
Merit: 1000
Exiting week ahead, $1400-$1500 is very plausible followed with a decent $100-$200+ dump.

Alt-coin bubble pops will make bitcoin rocket to $2000  Grin
Nah I really don't think Alts are in a bubble, but they tend to bounce up and down lol To the contrary I think a healthy Alt market helps BTC stability and price and creates demand  Shocked
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