Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18534.

Spaceman_Spiff

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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

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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

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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

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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

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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

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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

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Activity: 3920

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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

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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

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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

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It's all mathematics...!

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

Spaceman_Spiff

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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

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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.

RGR991

member

Activity: 99

Merit: 10

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 $

BlindMayorBitcorn

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Quote from: ImI on June 22, 2016, 06:54:57 PM

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

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

agree, desperation is strong

Ya. That was like $50 ago. Roll Eyes

Hyperjacked

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Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: ImI on June 22, 2016, 06:54:57 PM

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

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

agree, desperation is strong

The force is strong with this one...

Have a good month Bitcoinland!

ImI

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Activity: 1946

Merit: 1019

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

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

agree, desperation is strong

ImI

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Quote from: Torque on June 22, 2016, 06:50:35 AM

So this all makes perfect sense, eh?

Weeks and weeks of excitement and price rise on all exchanges. People were saying China was leading, providing 90% of the volume, and couldn't get enough.

Then an auction ends.

Then an exchange has network problems and goes offline for a bit.

Meanwhile price plummets.

Exchange comes back online.

But now we're at -130/btc, and all trading has essentially come to a complete halt.

Makes perfect sense, right? But...but.. China demand?? Right?? Fellaz??

agree, remember when stamp was down for one month or so? price was completely flat for the whole time. as soon as stamp launched again price fell like a stone. so THAT where your leader is. china is just a marketing gag that mainstream press loves cause it makes a good story.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18534. (Read 26609602 times)