Had a few days away due to being a bit fed up of reading all of the FUD & trolling. I see the price hasn't recovered yet. Are you guys accumulating now? I bought another 2 bitcoin yesterday to HODL. Will buy again Friday on payday.
Any predictions on which way the price will go next? I've now conceded sub 200 coins could be a real possibility.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20940. (Read 26608950 times)
August 24, 2015, 06:16:31 AM
August 24, 2015, 06:09:11 AM
Perhaps the problem is that Bitcoin has some leadership issues.
Perhaps the problem is that Bitcoin under the leadership of government-centric Mike Hearn is the worst possible scenario for the bitcoin community?
August 24, 2015, 06:06:34 AM
Perhaps the problem is that Bitcoin has some leadership issues.
Perhaps the problem is that Bitcoin under the leadership of government-centric Mike Hearn is the worst possible scenario for the bitcoin community? 
August 24, 2015, 06:02:39 AM
August 24, 2015, 06:01:48 AM
"All these negative waves man..."
I'm bullish as fuck!
August 24, 2015, 05:52:28 AM
As price shoots down, demand for BTC to short rises. The swap rate will likely skyrocket - typically it's 0.0055% (daily), it went up to 0.0165% a week ago and then came down almost as fast as it went up. In the past we've seen peak rates as high as 0.4%, but the long-term trend seems to be for the peaks to be lower.
The interest rate on USD has historically been considerably higher, though. If you're going to risk your funds by keeping them on an exchange, maybe selling for USD and lending it out is the better bet?
I don't know how people use swaps in general ***, but for me I don't tend to keep my money on exchange. I use swaps when the rate makes it worth the risk I'm taking, which is only really when the rate spikes. At that point I'll pile in that part of my BTC I've set aside for this (an amount I can afford to lose if the worst happened) and try and get the highest rates I can for as long as possible. Most of the swaps will be closed pretty quickly, and unless rates remain high that's the point I move BTC back to my wallet. (This is BTC that - when it's not out on swaps - I'll use for speculation).
My native currency isn't USD, so I'm less inclined to sit with USD (I'm long-term bullish on BTC), and I've not really followed the USD swaps market, but the risk for me would be that BTC/USD rises - leaving me with USD I don't need instead of BTC! It makes my position much more complex - instead of going long on BTC and taking advantage of shorts, I'd be shorting BTC and then lending USD to people with the same outlook as me. That seems way too risky, even with a higher swap rate.
Edit: *** I'm fairly certain I do know how most people use swaps - they pile everything into the FRR and hope they get lucky.
August 24, 2015, 05:42:25 AM
bitcoin will be up with XT or without XT
Mmm... or not?Bitcoin price tanked. That is a fact. People have voted against XT alt coin fork with their bitcoin wallets.
I guess Core wasn't able to formulate an adequate response then. Perhaps the problem is that Bitcoin has some leadership issues.
August 24, 2015, 05:39:17 AM
As price shoots down, demand for BTC to short rises. The swap rate will likely skyrocket - typically it's 0.0055% (daily), it went up to 0.0165% a week ago and then came down almost as fast as it went up. In the past we've seen peak rates as high as 0.4%, but the long-term trend seems to be for the peaks to be lower.
The interest rate on USD has historically been considerably higher, though. If you're going to risk your funds by keeping them on an exchange, maybe selling for USD and lending it out is the better bet?
August 24, 2015, 05:34:30 AM
I'm glad I moved everything I had off Bitfinex before this downtime and the flash crash before it. I'm annoyed I missed a chance for cheap coins during the flash crash, but relieved my coins aren't stuck on Bitfinex now. I was toying with the idea of moving my coins back to Bitfinex in case there was another flash crash. Thankfully I never did it. will there be another crash if/when Bitfinex starts trading again?
What's the usage of coins during a flash crash?Edit: it's probably much clearer visually! https://bfxdata.com/swaphistory/btc <- look at the "FRR" rate on the bottom graph, particularly on 12-month or all time.
August 24, 2015, 05:28:43 AM
I'm glad I moved everything I had off Bitfinex before this downtime and the flash crash before it. I'm annoyed I missed a chance for cheap coins during the flash crash, but relieved my coins aren't stuck on Bitfinex now. I was toying with the idea of moving my coins back to Bitfinex in case there was another flash crash. Thankfully I never did it. will there be another crash if/when Bitfinex starts trading again?
What's the usage of coins during a flash crash? August 24, 2015, 05:14:32 AM
bitcoin will be up with XT or without XT
Mmm... or not?Bitcoin price tanked. That is a fact. People have voted against XT alt coin fork with their bitcoin wallets.
August 24, 2015, 05:02:47 AM
August 24, 2015, 04:57:42 AM
I'm glad I moved everything I had off Bitfinex before this downtime and the flash crash before it. I'm annoyed I missed a chance for cheap coins during the flash crash, but relieved my coins aren't stuck on Bitfinex now. I was toying with the idea of moving my coins back to Bitfinex in case there was another flash crash. Thankfully I never did it. will there be another crash if/when Bitfinex starts trading again?
August 24, 2015, 04:53:31 AM
Orderbooks look ridiculously low bid side, on every exchange.Prepare for double digits this week.
August 24, 2015, 04:25:06 AM
"Hello xxxx
--------------
Trading on Bitfinex is currently halted for all users. We identified an anomaly in
post-trade processing and have suspended trading to resolve the issue"
Everyones favorite leadin western exchange is tryin to prevent the next, probably even bigger, round of long margin calls...
As far as i know the y haven´t even liquidated most of the long holders from the last flash crash because bid side was too small and it would otherwise have crushed to 0-100$???
Get the fuck out!
"BitMEX on Twitter:
"If Bitfinex trading does not resume by 8:30am GMT a Market Disruption Event will be declared, Bitstamp will become reference exchange"
Bitfinex CEO recording after 18/08/2015 flash crash
https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash
Bitfinex errors or market manipulation?
https://www.reddit.com/r/BitcoinMarkets/comments/3hpa5e/bitfinex_errors_or_market_manipulation/
Role of market makers in Bitfinex flash crash
https://www.reddit.com/r/BitcoinMarkets/comments/3hsges/role_of_market_makers_in_bitfinex_flash_crash/
Critical issues with Bitfinex trading engine
https://www.reddit.com/r/BitcoinMarkets/comments/3hnk8g/critical_issues_with_bitfinex_trading_engine/
"slacknation
this is a beta site, there is no guarantee of correct data and you should not base your trading on it"
"API not working either."
I´m not going to buy fuck anything above 100$
--------------
Trading on Bitfinex is currently halted for all users. We identified an anomaly in
post-trade processing and have suspended trading to resolve the issue"
Everyones favorite leadin western exchange is tryin to prevent the next, probably even bigger, round of long margin calls...
As far as i know the y haven´t even liquidated most of the long holders from the last flash crash because bid side was too small and it would otherwise have crushed to 0-100$???
Get the fuck out!
"BitMEX on Twitter:
"If Bitfinex trading does not resume by 8:30am GMT a Market Disruption Event will be declared, Bitstamp will become reference exchange"
Bitfinex CEO recording after 18/08/2015 flash crash
https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash
Bitfinex errors or market manipulation?
https://www.reddit.com/r/BitcoinMarkets/comments/3hpa5e/bitfinex_errors_or_market_manipulation/
Role of market makers in Bitfinex flash crash
https://www.reddit.com/r/BitcoinMarkets/comments/3hsges/role_of_market_makers_in_bitfinex_flash_crash/
Critical issues with Bitfinex trading engine
https://www.reddit.com/r/BitcoinMarkets/comments/3hnk8g/critical_issues_with_bitfinex_trading_engine/
"slacknation
this is a beta site, there is no guarantee of correct data and you should not base your trading on it"
"API not working either."
I´m not going to buy fuck anything above 100$
August 24, 2015, 04:08:32 AM
Beware of a Chinese reversal: HSCEI has been bouncing on 9000 level every year since 2011
http://www.bloomberg.com/quote/HSCEI:IND
http://www.bloomberg.com/quote/HSCEI:IND
August 24, 2015, 04:02:23 AM
August 24, 2015, 04:01:27 AM
Kim is for sure the reborn Nostradamus, announcing that the China bubble will pop AFTER it has clearly popped weeks ago will just give him more credibility.
Does he have a PAMM account?
Does he have a PAMM account?
August 24, 2015, 03:57:34 AM
Interesting tweet with interesting timing. Did Kim Dotcom predict 2013 bubble right?
This seems to be tweeted before the China stock market closure; just for reference:
- MSCI -> 4% in a 3 year low
- Shanghai -> -8,49%
- Nikkei -> -4,61%
Maybe Kim has a point...
http://www.marketwatch.com/story/china-shares-wipe-out-2015-gains-as-stocks-tumble-85-2015-08-24
like kim say we will go up :
please go to hell all hater Bitcoin XT or Core
bitcoin will be up with XT or without XT
August 24, 2015, 03:54:09 AM
It will be fun to see what happens when coinwallet.eu starts to spam the Bitcoin network, they announced that we will see 30d delays in transactions(startin at the beginning of Semptember IIRC).
Everyone who hasn´t his coins on exchange already might have a problem to transfer em in this time, just in case we should crash.
On the other hand, Bitfinex is lookin like it might walk the way of Gox pretty soon....
Anyone who is lookin to cash out or just to sell temporarily should stay away from them IMHO.
Everyone who hasn´t his coins on exchange already might have a problem to transfer em in this time, just in case we should crash.
On the other hand, Bitfinex is lookin like it might walk the way of Gox pretty soon....
Anyone who is lookin to cash out or just to sell temporarily should stay away from them IMHO.
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