Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22502. (Read 26608137 times)
March 10, 2015, 05:57:40 PM
TO DA MOON!
March 10, 2015, 05:54:45 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.
Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.
"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit
* Yes, I like my metaphors mixed, not stirred
could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.
March 10, 2015, 05:51:17 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.
Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.
"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit
* Yes, I like my metaphors mixed, not stirred
Yes, it's real simple. With zero fees bots can trade the same coins hundreds and thousands of times a day to extract fractions of a dollar each time. They make money and the volume is "real", but it says little about the amount of coins on the exchange. People just need to use their heads.
March 10, 2015, 05:50:12 PM
They are scarce and worth alot, yet they have no bitcoin within them.
Yes they do. That was kind of the point from minute one. The private key is held behind a tamper proof sticker on the back.
March 10, 2015, 05:49:24 PM
lol! it took exactly 18h of standstill to get beartards back on the table.
Yep... there goes any meaningful discussions, down the drain...
March 10, 2015, 05:45:04 PM
To reply to the poll, Bitcoin will never be worth that much unless most of it is either horded or destroyed. Scarce amounts lead to higher prices. This is like the physical bitcoins. They are scarce and worth alot, yet they have no bitcoin within them.
March 10, 2015, 05:44:17 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
Why are you here Tarmi? just out of interest? Are you here shorting and waiting for BTC to hit $100 and then $50 and then $0?
He is mining, hodling, and being a douche. Annoying bitcoiners is like making teenagers depressed. Real easy.
March 10, 2015, 05:43:59 PM
Any price under 400 is very cheap, and all the long term bulls who trade in and out trying to get more coins are playing with fire.
So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.
User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.
Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump. And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.
I AM HODLING.
So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.
User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.
Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump. And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.
I AM HODLING.
+1
March 10, 2015, 05:43:43 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.
Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.
"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit
* Yes, I like my metaphors mixed, not stirred
March 10, 2015, 05:42:14 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
Whilst there is a slim chance we could bounce off the absolute last remaining downtrend line at ~360 and plunge into double digits, that certainly is not likely. Keep dreaming tarmi
March 10, 2015, 05:40:07 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
Why are you here Tarmi? just out of interest? Are you here shorting and waiting for BTC to hit $100 and then $50 and then $0?
March 10, 2015, 05:38:42 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from chinese exchanges. you bulls must have noticed that even china is following bitsatmp. any explanation?
March 10, 2015, 05:37:29 PM
If they wanted to collect coins, why wouldn't they just market order everything that wasnt theirs on $300? Or, some of the 7k+ that has been on or under $300 on BFX? Doesn't make sense.
It also doesnt make sense for it to be a real wall, unless they think this is the best way to offload a bunch of coins... (other exchanges rally, people go nuts on his wall, what happens after he don't care)
It also doesnt make sense for it to be a real wall, unless they think this is the best way to offload a bunch of coins... (other exchanges rally, people go nuts on his wall, what happens after he don't care)
too obvious to market buy up to 300
then you run the risk of your wall being eaten on stamp. It's best to keep the artificial wall and constantly buy small pieces.
March 10, 2015, 05:34:02 PM
If they wanted to collect coins, why wouldn't they just market order everything that wasnt theirs on $300? Or, some of the 7k+ that has been on or under $300 on BFX? Doesn't make sense.
It also doesnt make sense for it to be a real wall, unless they think this is the best way to offload a bunch of coins... (other exchanges rally, people go nuts on his wall, what happens after he don't care)
It also doesnt make sense for it to be a real wall, unless they think this is the best way to offload a bunch of coins... (other exchanges rally, people go nuts on his wall, what happens after he don't care)
March 10, 2015, 05:32:14 PM
Any price under 400 is very cheap, and all the long term bulls who trade in and out trying to get more coins are playing with fire.
So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.
User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.
Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump. And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.
I AM HODLING.
So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.
User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.
Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump. And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.
I AM HODLING.
March 10, 2015, 05:31:31 PM
Bitstamp has fallen to #10 in volume. Seems like bitstamp would buy that wall themselves and sell it later for profits and free up some volume to get some fees flowing in again.
They are about to be passed up by Kraken and local frickin bitcoins in volume lol.
They are about to be passed up by Kraken and local frickin bitcoins in volume lol.
What is a bit strange is that if you or I had bitcoins to sell on stamp we would move the wall higher to get a better price for our sale. That is move the wall up higher as the market lifted the other exchange prices. The persistent existence of lower prices on stamp suggests to me that there is no money on the exchange to arb the coins on sale there. There may be no genuine buyers or sellers left.
I'm with this reasoning here.
The wall was as great as 7.6k last night up to $300 on stamp, with bidside as low as 3k.
Theres no real $ on bitstamp and it seems possible that someone is just using stamp to collect a lot of coins under 300.
March 10, 2015, 05:31:07 PM
my speculation: the walls are either someone making a point, some kind of manipulation attempt, or someone who can't withdraw all their coins at once (que rumour).
As far as money on bitstamp, the bids have not really changed much for a long time, I don't know what to get the data but I've been watching it for the last few months. In the last few days at least 3-400k has been added, just not near the top end of the bids.
Stream of consciousness here, but if bitstamp were to stay this way for some time, and the other exchanges rally say another 10% before a dump, wouldn't stamp then be the ideal place to collect coins at the bottom? Assuming the bottom ends up lower on stamp than other exchanges due to the lack of bids...
As far as money on bitstamp, the bids have not really changed much for a long time, I don't know what to get the data but I've been watching it for the last few months. In the last few days at least 3-400k has been added, just not near the top end of the bids.
Stream of consciousness here, but if bitstamp were to stay this way for some time, and the other exchanges rally say another 10% before a dump, wouldn't stamp then be the ideal place to collect coins at the bottom? Assuming the bottom ends up lower on stamp than other exchanges due to the lack of bids...
March 10, 2015, 05:29:27 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
March 10, 2015, 05:27:52 PM
lol! it took exactly 18h of standstill to get beartards back on the table.
Far better positioned to stay above $300 right now than we were 24hr ago.
A 6k wall still exists on stamp, and as some of us discussed here last night, the staggered walls at $294 have never been under threat.
While at Finex it looks like a lot of the guys who wanted out at 300 got out earlier and there isnt a wall.
March 10, 2015, 05:27:32 PM
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
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