Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18533.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: ?? on ??

Quote from: BitUsher on June 22, 2016, 06:52:57 PM

Good time to buy . set in another set of buy orders.

Smart.
Bought the last time you said it was a great time to buy, about $150 ago. Feeling even more bullish now, increasing my bitcoin stash as we speak.
Thanks for the good advice.
P.S. If for some reason this goes south on us & my wife kicks me out of the house, can I come stay at your libertarian commune?

Only if you can pay out your nose for it. (Sort of ironic, I guess.)

strawbs

legendary

Activity: 874

Merit: 1357

Is it wrong that the potential for market chaos makes me consider voting Leave in tomorrow's Brexit referendum???
http://uk.reuters.com/article/uk-britain-eu-g-idUKKCN0Z82XR

dumbfbrankings

full member

Activity: 238

Merit: 100

Quote from: BitUsher on June 22, 2016, 07:10:45 PM

Quote from: dumbfbrankings on June 22, 2016, 07:06:45 PM

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

Yes, regulatory arbitrage. It usually is illegal though as there are ~~plenty~~ a vanishingly tiny number of examples of legal regulatory arbitrage -- IE purse.io for carding operations. Regardless, we should be proud of many elements of the black market and one should consider bitcoin a good black/grey market etf.

Great example of a distressed business that is completely legal but because of operation choke point where the state unethically and many would say illegally pressures banks to ~~shutdown merchant processors~~ act in their own rational self-interest is accepting crimecoin as a fallback-

https://ghostgunner.net

Excellent product as well.

"So what are u in for?"

"You know, the usual, regulatory arbitrage."

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: RGR991 on June 22, 2016, 07:13:20 PM

Quote from: JayJuanGee on June 22, 2016, 07:11:30 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

I use https://bfxdata.com/sentiment/longshort to check longs vs shorts on Finex.

As you can see the bulls are still very stubborn which makes me think we will continue lower...

I also use

https://twitter.com/whalecalls

to get a grasp on liquidations for both shorts and longs.

Thanks, maybe i should try to account for this information, too in my attempts to predict possible price directions.

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: BlindMayorBitcorn on June 22, 2016, 07:09:49 PM

We also make a fine washing machine for China's dirty money, and we put it on the planet's tab. That must be worth something?

Excellent point , Capital flight is a greatly needed aspect as well . We may be literally savings some lives with bitcoin in countries like Venezuela with their catastrophic hyper inflation reaching over 700%- https://coin.dance/volume/localbitcoins/VEF

Fuck Socialism

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: JayJuanGee on June 22, 2016, 07:13:32 PM

Quote from: Spaceman_Spiff on June 22, 2016, 07:03:18 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

Can you provide a link for this, because I have not been able to find that information?

https://bfxdata.com/swaphistory/totals

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Spaceman_Spiff on June 22, 2016, 07:03:18 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

Can you provide a link for this, because I have not been able to find that information?

RGR991

member

Activity: 99

Merit: 10

Quote from: JayJuanGee on June 22, 2016, 07:11:30 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

I use https://bfxdata.com/sentiment/longshort to check longs vs shorts on Finex.

As you can see the bulls are still very stubborn which makes me think we will continue lower...

I also use

https://twitter.com/whalecalls

to get a grasp on liquidations for both shorts and longs.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)

In a market like this you have to actively be trading both short/long to maintain your $

I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.

So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: dumbfbrankings on June 22, 2016, 07:06:45 PM

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

Yes, regulatory arbitrage. It doesn't have to be illegal though as there are plenty of examples of legal regulatory arbitrage -- IE purse.io with amzn points and gift cards. Regardless, we should be proud of many elements of the black market and one should consider bitcoin a good black/grey market etf.

Great example of a distressed business that is completely legal but because of operation choke point where the state unethically and many would say illegally pressures banks to shutdown merchant processors is accepting bitcoin as a fallback-

https://ghostgunner.net

Excellent product as well.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: dumbfbrankings on June 22, 2016, 07:06:45 PM

Quote from: BitUsher on June 22, 2016, 07:02:06 PM

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

This is actually good news! To the Mewn!

We also make a fine washing machine for China's dirty money, and we put it on the planet's tab. That must be worth something?

Luthier

member

Activity: 73

Merit: 15

lol GDAX is so soft... price went from $10 under China (buy) to $10 over China (sell) within about 3 minutes. Very profitable to trade there.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Hyperjacked on June 22, 2016, 06:53:58 PM

Quote from: JayJuanGee on June 22, 2016, 06:44:22 PM

Quote from: Hyperjacked on June 22, 2016, 06:29:36 PM

just kickin butt n takin names...but wat do I know Grin

cheers jay!

That's true.. What do you know? Even a stopped clock is correct twice a day, and rejoicing such correctness seems nubile, at best.

Lol...fool! Read my history...troll bag

I've made huge calls in the past...ppl that know follow me...that don't post n just read!

Ppl that can crush the price and do the opposite...

Why would I give a ratt's ass about your post history?

Just provide credible and substantive discussions and that's all that is needed.. otherwise who gives a shit about whether you are correct or not, unless you are striving to be some kind of psycho cult leader?... which I am kind of beginning to get that vibe from you.

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: Spaceman_Spiff on June 22, 2016, 07:03:18 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

This is why I never set longs or shorts as I am always suspicious about the games exchanges play with order books to profit off this form of gambling. Market calls and buy limit order only for me. Listening to bitfinex explain the sudden outages was quite unnerving.

dumbfbrankings

full member

Activity: 238

Merit: 100

Quote from: BitUsher on June 22, 2016, 07:02:06 PM

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

Translation: Bitcoin's principle value is serving the needs of the criminal underground.

This is actually good news! To the Mewn!

RGR991

member

Activity: 99

Merit: 10

Quote from: Spaceman_Spiff on June 22, 2016, 07:03:18 PM

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

yes I've been watching that # and it really does need to start heading south, I also watch the twitter feeds who track whales on OkCoin...they are getting demolished(which is a good sign)

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Maybe torque can weigh in on this...but I luv the 599.95 price

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: RGR991 on June 22, 2016, 07:01:52 PM

People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.

In a market like this you have to actively be trading both short/long to maintain your $

actually BFX longs havent gone down a lot

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: ?? on ??

TOMORROW BREXIT AND THEN BTC OVER 1000$? Huh

the current btc market cap is unsustainable imho! Reminds me of y2k and the stock market insanity...

BitUsher

legendary

Activity: 994

Merit: 1035

Unacceptable level of volatility for whitemarket lately. Good thing that we can always depend upon drug addicts, whores and other criminals to support the utility of bitcoin. Bitcoins principle value rests in regulatory arbitrage and the premium of greater fungibility over fiat.

This is why I'm confident in bitcoin, the state is what fuels its value and insures bitcoin will persist and the state is not going anywhere.

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