Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17368. (Read 26619944 times)
April 24, 2017, 11:52:14 AM
Who sold at the bottom?
April 24, 2017, 11:25:54 AM
And just like that, the 1000 coin intimidation ask wall on Stamp was pulled. Surprise, surprise. 
April 24, 2017, 11:23:08 AM
We're getting at the 1000 wall. This should be fun to watch. Poor bearwhale.
April 24, 2017, 10:28:37 AM
Good morning Bitcoinland.
Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).
After a half a week of consolidation at these levels it seems like time to move on up.
____
Are we at $800 yet?
Bbutt $800 promised by lots of people :-( I have sold everything at $875 because it would go down to $800. They promised!! Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).
After a half a week of consolidation at these levels it seems like time to move on up.
____
Are we at $800 yet?
Looks like $1400 at the end of the month. I bought my first 4 digits bitcoin today guys! It felt great. It means that BTC recovers once again. I really hope to buy some 5 digits coin soon. April 24, 2017, 10:23:44 AM
Good morning Bitcoinland.
Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).
After a half a week of consolidation at these levels it seems like time to move on up.
____
Are we at $800 yet?
____
Edit: 1000 coin ask wall just appeared on Stamp.
LOL Looks like someone really wants to try to keep the price under $1200.
Will it be eaten or just pulled as usual?
Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).
After a half a week of consolidation at these levels it seems like time to move on up.
____
Are we at $800 yet?
____
Edit: 1000 coin ask wall just appeared on Stamp.
LOL Looks like someone really wants to try to keep the price under $1200.
Will it be eaten or just pulled as usual?
April 24, 2017, 10:16:17 AM
Stable value of bitcoin for days... I don't like it!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
I like the short-time price evolution on Bitstamp. We could soon reach $1252 and then break out of the 30-day Donchian channel, that could give a boost up to $1280-95 - the last price level where we stood for more than some minutes.
Bitfinex is moving in the opposite direction, but that could be actually bullish ... if it's a sign that traders are slowly regaining confidence in the exchange.
April 24, 2017, 05:50:05 AM
Are you referring to anyone in particular in your small text?
No not really, just a rumor.
Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin? Or, you just feel good if you can denigrate others who may have differing views from you in one way or another?
No not at all. Do you?
[...] I would surmise that even a large majority of the big blockers realize that they are just spouting off bullshit [...]
[...] the smarter big blockers likely don't even believe their own bullshit.[...]
[...] We also know that a large number of these big blockers have been propagating this big blocker nonsense for nearly two years and even a little bit before [...]
[...] Surely through the past couple of years big blocker nonsense has been able to contribute to causing some loss of confidence in bitcoin [...]
[...] big blocker saboteurs [...]
[...] the superiority of the seg wit solution [...]
[...] the smarter big blockers likely don't even believe their own bullshit.[...]
[...] We also know that a large number of these big blockers have been propagating this big blocker nonsense for nearly two years and even a little bit before [...]
[...] Surely through the past couple of years big blocker nonsense has been able to contribute to causing some loss of confidence in bitcoin [...]
[...] big blocker saboteurs [...]
[...] the superiority of the seg wit solution [...]
April 24, 2017, 02:26:56 AM
[...] There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
Indeed. So the market currently considers more weight to Bitcoin being an open, borderless, decentralized, permissionless, peer-to-peer network.
And on a longer time scale proven to be a great store of value, under your own control.
(even though rumor goes there are still today legendary members, already burned once or twice, writing walls of text about some infallible money making strategytm, storing their private keys at multiple third parties)
Are you referring to anyone in particular in your small text?
I agree with your overall point in the large text, yet why do you believe that it would be necessary (or even a related topic) to raise your small text digs?
Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin? Or, you just feel good if you can denigrate others who may have differing views from you in one way or another?
April 24, 2017, 01:47:08 AM
[...] There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
Indeed. So the market currently considers more weight to Bitcoin being an open, borderless, decentralized, permissionless, peer-to-peer network.
And on a longer time scale proven to be a great store of value, under your own control.
(even though rumor goes there are still today legendary members, already burned once or twice, writing walls of text about some infallible money making strategytm, storing their private keys at multiple third parties)
April 23, 2017, 07:10:28 PM
Stable value of bitcoin for days... I don't like it!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
Tell me private,
how do you define "little dump". 1000? 800? Lower?
It is remotely possible, that we will overshoot to 1500 in this move. Yet, why should we? There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
April 23, 2017, 05:04:48 PM
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Confirmed. Looks like it keeps decreasing.
Who will be Bitfinex'ed ?
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Bitfinished hahaa...
Ok back work
How much do we know that this wallet reflects bitfinex's bitcoin holdings?
I agree with the proposition that users are likely withdrawing bitcoin from bitfinex in higher degrees than they are depositing; however, bitfinex has been maintaining really decent trade volume too, so the supposed exit from Bitfinex has not seemed to have significantly negatively affected their trade volume.
I can answer you both questions... even if the second is not really a question
1) We don't know. They might have more cold wallets. Also, they wouldnt even need to use their cold wallets as they can just buy Bitcoins OTC and sell them to users for a 10% premium. If they are not doing that already, the situation is even more scary that it appears to be.
2) If they were in deep shit, they would for sure do play all sort of games to hide that fact. Running bots to increase trading volume, or even just fake it is so easy you should never take that as proof of ANYTHING. There are two types of bankrupted companies/managers... the ones that do recognize it preventively even before it happens to avoid any sort of responsability (we know Bitfinex is not that type, as they SHOULD have done it right after the hack when the liabilities exceeded the assets)... and the ones that are already so deep in their shit that keep playing until they totally drown in their own shit.
I cannot really disagree with anything that you are saying, and I think that your response is fairly reasonable.
Regarding 1), they would be pretty dumbass if they did not attempt to figure out a way to make some additional profits on the current 10% premium.
Regarding 2), There could be more layers of financial irresponsibility, but it does seem that Bitfinex has at least attempted to employ some pretty sophisticated tools - yet maybe if we Bitfinoxed, then we would not recognize the level of their shenanigans, until quite a while after the fact - which was also kind of the case with GOX, too... I mean with GOX, they may have kind of thought that they had some methods to be able to attempt to handle the situation and to get matters under control while their whole situation continued to slip deeper and deeper into the red.
April 23, 2017, 05:00:40 PM
Stable value of bitcoin for days... I don't like it!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
April 23, 2017, 04:11:06 PM
Ok guys, who's dumping ?
Looks like Okcoin and Kraken to me.
Those fools.
Please stop it so that I can sleep peacefull tonight.
Looks like Okcoin and Kraken to me.
Those fools.
Please stop it so that I can sleep peacefull tonight.
April 23, 2017, 03:20:32 PM
I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
Yes, it is not IMPOSSIBLE for USDT to be priced more than $1, but the probability is so minuscule I almost ignore it. The real risk right now, is if that it recovers from 0.9 to 1 that is a 10% loss. But I can accept it as a mean to hedge my main investment. Of course I am counting that in case it fails it could go several tens percent lower.
I guess as long as you keep minimal funds in your margin account it's a good plan (in case something crazy happens).
Quote
It's just a bet/hedge strategy, not a failproof investment, as such thing doesn't really exist
Good point. I assume one of the reasons for having this on kraken in the first place is it could shore up the tether price. It just seems odd to me because I haven't seen the ability to short things with price ceilings/pegs before. Maybe this is more common than I realize. It will be interesting to see how this whole thing plays out, that's for sure.
I am doing it with my main Kraken account, but again I don't think a more than 10% loss is feasible in the worst case and also I am betting a relatively low amount that can be easily covered by my funds.
If I had to worry about extremely low probabilities that could happen I wouldnt even have any funds on any exchange because theres a really measurable probability of all the funds to be lost.
April 23, 2017, 03:01:42 PM
I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
Yes, it is not IMPOSSIBLE for USDT to be priced more than $1, but the probability is so minuscule I almost ignore it. The real risk right now, is if that it recovers from 0.9 to 1 that is a 10% loss. But I can accept it as a mean to hedge my main investment. Of course I am counting that in case it fails it could go several tens percent lower.
I guess as long as you keep minimal funds in your margin account it's a good plan (in case something crazy happens).
Quote
It's just a bet/hedge strategy, not a failproof investment, as such thing doesn't really exist
Good point. I assume one of the reasons for having this on kraken in the first place is it could shore up the tether price. It just seems odd to me because I haven't seen the ability to short things with price ceilings/pegs before. Maybe this is more common than I realize. It will be interesting to see how this whole thing plays out, that's for sure.
April 23, 2017, 02:48:49 PM
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Confirmed. Looks like it keeps decreasing.
Who will be Bitfinex'ed ?
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Bitfinished hahaa...
Ok back work
How much do we know that this wallet reflects bitfinex's bitcoin holdings?
I agree with the proposition that users are likely withdrawing bitcoin from bitfinex in higher degrees than they are depositing; however, bitfinex has been maintaining really decent trade volume too, so the supposed exit from Bitfinex has not seemed to have significantly negatively affected their trade volume.
I can answer you both questions... even if the second is not really a question
1) We don't know. They might have more cold wallets. Also, they wouldnt even need to use their cold wallets as they can just buy Bitcoins OTC and sell them to users for a 10% premium. If they are not doing that already, the situation is even more scary that it appears to be.
2) If they were in deep shit, they would for sure do play all sort of games to hide that fact. Running bots to increase trading volume, or even just fake it is so easy you should never take that as proof of ANYTHING. There are two types of bankrupted companies/managers... the ones that do recognize it preventively even before it happens to avoid any sort of responsability (we know Bitfinex is not that type, as they SHOULD have done it right after the hack when the liabilities exceeded the assets)... and the ones that are already so deep in their shit that keep playing until they totally drown in their own shit.
April 23, 2017, 02:41:31 PM
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Confirmed. Looks like it keeps decreasing.
Who will be Bitfinex'ed ?
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Bitfinished hahaa...
Ok back work
How much do we know that this wallet reflects bitfinex's bitcoin holdings?
I agree with the proposition that users are likely withdrawing bitcoin from bitfinex in higher degrees than they are depositing; however, bitfinex has been maintaining really decent trade volume too, so the supposed exit from Bitfinex has not seemed to have significantly negatively affected their trade volume.
April 23, 2017, 02:30:58 PM
The rise of btc with 10% at bitfinex and poloniex since the last week with regard to usdt is fake, since in kraken usdt dropped by 8-10% to the fiat usd. The whales are trying to bite the 1%-profit daily traders so the whales can withdraw in time to their bank accounts before the big drop. They are still trying to delude the traders that there is a chance bitfinex can be saved. The truth is it is doomed and this was planned a long time ago. These two exchanges (btc-e and biftiniex) are well known for their shady owners and fears of exit scam. It is a matter of days, may be hours before the bad news is announced. If the so called 'bad news" of tightening control of chinese exchanges, sec denial and bu fork, lead to 40% drop of price, imagine the damage to the price caused by real bad news of the imminent bankruptcy of one (possibly) two of the largest exchanges. This may lead to panic withdrawals from other exchanges, so nobody can predict how deep will be the new emerging crisis. 
Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.
Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
Yes, it is not IMPOSSIBLE for USDT to be priced more than $1, but the probability is so minuscule I almost ignore it. The real risk right now, is if that it recovers from 0.9 to 1 that is a 10% loss. But I can accept it as a mean to hedge my main investment. Of course I am counting that in case it fails it could go several tens percent lower.
It's just a bet/hedge strategy, not a failproof investment, as such thing doesn't really exist
Also, I am only currently betting 3-5% of my trading funds on that bet, with a maximum target of around 10% depending how all this evolves.
April 23, 2017, 02:22:42 PM
The rise of btc with 10% at bitfinex and poloniex since the last week with regard to usdt is fake, since in kraken usdt dropped by 8-10% to the fiat usd. The whales are trying to bite the 1%-profit daily traders so the whales can withdraw in time to their bank accounts before the big drop. They are still trying to delude the traders that there is a chance bitfinex can be saved. The truth is it is doomed and this was planned a long time ago. These two exchanges (btc-e and biftiniex) are well known for their shady owners and fears of exit scam. It is a matter of days, may be hours before the bad news is announced. If the so called 'bad news" of tightening control of chinese exchanges, sec denial and bu fork, lead to 40% drop of price, imagine the damage to the price caused by real bad news of the imminent bankruptcy of one (possibly) two of the largest exchanges. This may lead to panic withdrawals from other exchanges, so nobody can predict how deep will be the new emerging crisis. Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.
Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Seems to have stabilized in the 75k range over the past few days, but yeah, that would do it.
April 23, 2017, 02:20:58 PM
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Confirmed. Bitfinex cold wallet cannot get empty. I mean, unless they are way beyond bankruptcy, they will never run out of Bitcoins when they can buy them OTC and sell to their users for a 10% premium. The same happens to USDT, they have sold them for $1 each, and now they can rebuy for almost $0.91. Genious.
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