Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18689.

Jos-T

newbie

Activity: 49

Merit: 0

Quote from: MinermanNC on June 11, 2016, 10:14:42 PM

Quote from: Jos-T on June 11, 2016, 10:07:40 PM

Quote from: DaRude on June 11, 2016, 08:58:38 PM

$4.8MM in new longs on finex over last 24hrs Cry

that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Alts, lol... Possible some are ditching their altcoins to reinvest in btc in anticipation of the halving, (not wanting to risk missing out should btc soar) and most of us hope and believe btc will rise as we get closer to July... I mean, for example, why sit on a ton of Eth, when you feel btc will rise significantly... Grin

(Eth always drops as btc goes up...) so it seems.

I mean the spikes in longs (USD denominated) only on Bitfinex...
Often millions of dollars in longs get opened, without the volume in BTC/USD markets to support it. The only way I can see this happening is if the numbers point for all borrowed USD's across all markets.

Could that be the case?

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: Jos-T on June 11, 2016, 10:07:40 PM

Quote from: DaRude on June 11, 2016, 08:58:38 PM

$4.8MM in new longs on finex over last 24hrs Cry

that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Alts, lol... Possible some are ditching their altcoins to reinvest in btc in anticipation of the halving, (not wanting to risk missing out should btc soar) and most of us hope and believe btc will rise as we get closer to July... I mean, for example, why sit on a ton of Eth, when you feel btc will rise significantly... Grin

(Eth always drops as btc goes up...) so it seems.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Jos-T on June 11, 2016, 10:07:40 PM

Quote from: DaRude on June 11, 2016, 08:58:38 PM

$4.8MM in new longs on finex over last 24hrs Cry

that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Supply and demand.

Jos-T

newbie

Activity: 49

Merit: 0

Quote from: DaRude on June 11, 2016, 08:58:38 PM

$4.8MM in new longs on finex over last 24hrs Cry

that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Paashaas

legendary

Activity: 3619

Merit: 4812

Wow $619 per coin now Shocked

i'm speechless, shocked, happy, exited!

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: MinermanNC on June 11, 2016, 09:24:37 PM

btc takes a whole lot more of power to hash then it used to

Ain't that the truth. I'm thinking of getting my first-gen BFL ASIC miner bronzed like a pair of baby shoes.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Here we go again. A new high for the year.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: JimboToronto on June 11, 2016, 09:18:09 PM

Meanwhile, the CAD price is currently $792 according to Bitcoinaverage.

We're getting excruciatingly close to $800 per coin. That's more than I ever paid, even during the first dip from the ATH.

Holding firmly and buying the dips are the best things I ever did.

Nice, your definitely in the Black with btc, Wink

When we came off of the 1000+ days and eventually fell to 600's I felt" well I can live with this... all things considered.... now here we are again at that price 2.5 years later or so lol.... but btc takes a whole lot more of power to hash then it used to, in that regard

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Meanwhile, the CAD price is currently $792 according to Bitcoinaverage.

We're getting excruciatingly close to $800 per coin. That's more than I ever paid, even during the first dip from the ATH.

Holding firmly and accumulating during the dips are the best things I ever did.

MinermanNC

legendary

Activity: 2198

Merit: 1000

For real though, BTC will have to do better than this to maintain the status quo at halving time..... which I think it will at this point, maybe 700-800 ish would work lol time is running short

koryu

hero member

Activity: 681

Merit: 507

great times again

gratz gentlemen

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: orpington on June 11, 2016, 09:00:03 PM

nice little pit stop at 666 then all clear!

Will give everyone a little time to move funds around to start buying as it heads off to 1000.00 Cool

orpington

hero member

Activity: 784

Merit: 512

nice little pit stop at 666 then all clear!

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Quote from: TERA on June 10, 2016, 10:31:51 PM

Today a young bitcoin trader on 2C realizes that all daily charts are simply hourly charts condensed to a slow vibration, every movement on the chart is a fractal of something else previously on the chart, moves can be predicted days or weeks in advance using fractals, and we are trading with ourselves. Here's Tom with the weather.

/QFT #micdrop

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

$4.8MM in new longs on finex over last 24hrs Cry

that's the only thing that can stop us $35MM long squeeze

MingLee

hero member

Activity: 490

Merit: 520

Fuck I should actually be getting in on this right now, but I'd have to set everything up and send the funds to buy, so I guess I'll just have to watch all this easy money slip away... FeelsBadMan.

Maybe I'll get around to buying in a bit, or wait till the next halving, but I won't let more opportunities like this slip away.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Geez... would be nice to see some action soon

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: orpington on June 11, 2016, 08:49:30 PM

bitcoin at $1000 later tonight for sure

Yep, "I can feel it coming in the air tonight" Grin

orpington

hero member

Activity: 784

Merit: 512

bitcoin at $1000 later tonight for sure

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

We had our little correction/profit-taking from $624 down to $612 and right back to $622.

Time for another leg up or do we have to battle over $620 for a while?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18689. (Read 26656704 times)