Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23499. (Read 26712938 times)

legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC

The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.


one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
[Rationalizing]

The picture is the same on Bitfinex which didn't have its orders cleared out: Bitfinex | Total bids: 4695435 USD. Total asks: 16226 BTC. Ratio: 289.36067 USD/BTC.

I've been posting the same snapshots when it was on the bearish tilt a couple days ago. Funnily, you weren't hear to tell me about how it's all just nonsense.

Face it man, you used to be a bitcoin cultist who insulted me because I was bearish, and now you became a bear cultist who insults me when I sometimes turn bullish. Sad

If you didn't notice, I were off for a couple of months, I visited only to quickly check my PMs and some other topics (Slovenian Sub forum), but it doesn't matter, one thing I am not going to argue about, yes I was one of the biggest bulls over here for sure, but I was never a cultist.... but I don't remember insulting you when you turn bullish !! did I ? doesn't matter, I am sorry If I did, because I know that you are one of the few objective people here.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
With all the crazy things going on in the world, the things I can depend on always being there are greed, fear, and Bitcoin.
legendary
Activity: 1260
Merit: 1116
Who is still shorting???  Shocked And finex didn't even fall much...

USD   0.0243%   0.0662%   14,105,693.21 USD
BTC   0.0494%   0.0444%   26,954.87 BTC

Shorts new ATH. Longs at the lowest level since May.




There arn't that many shorting

Someone is taking out BTC credit swaps to raise the price for the few people who are shorting.  to remove liquidity.  

They did it with LTC coin too, you can look here and see http://www.bfxdata.com/

Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...

In some cases yes.  

I was watcching the charts quite closely and the live swaps as they come in, there are a large number of swaps going through that do not get traded.

It happens with both BTC and LTC.  Good example look at the LTC spike 15:37 11th Jan,  the swaps jumped to 191k from 127k in 1 go,  http://bfxdata.com/swaphistory/totals.php

I was watching and nothing was sold,  The swap was closed a little later after that period of selling pressure passed.  (for the time being)

I have been studying it for a while.

Why does a 1015 BTC short show up here http://bfxdata.com/swapstats/btc.php

but not on wisdom https://bitcoinwisdom.com/markets/bitfinex/btcusd

Any ideas?


Shorts are not as high as someone wants us to think they are.  Bitcoin is being sold, not shorted!



Did you honestly go bust bro?


Yep, i'm out!  lost it all, I didn't think a $70  liquidation price would be a problem, but famous last words.

Leverage is scary shit. Sorry dude
N12
donator
Activity: 1610
Merit: 1010
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC

The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.


one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
[Rationalizing]

The picture is the same on Bitfinex which didn't have its orders cleared out: Bitfinex | Total bids: 4695435 USD. Total asks: 16226 BTC. Ratio: 289.36067 USD/BTC.

I've been posting the same snapshots when it was on the bearish tilt a couple days ago. Funnily, you weren't here to tell me about how it's all just nonsense.

Face it man, you used to be a bitcoin cultist who insulted me because I was bearish, and now you became a bear cultist who insults me when I sometimes turn bullish. Sad
full member
Activity: 152
Merit: 100
Price just went from $280 to $165 the last 48 hours, bulls tells you everything is OK... price bounced back to $185 (+20) and bulls start posting CCMF ... are you really this desperate ? you should be selling when you were profitable....


BTW, just please don't think about harming your self when we hit single digits, OK ?

Nonsense. We just hit new short term all time high. Bear market officially over. Only up from here.  Cool
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
BTC is only 50x my entry price (about 3 years ago). Like now, that was a major bottom. Should I buy more? Thoughts?

I don't think we're quite at the bottom yet but we're close to where I stopped buying on the way up so I think we're about in the right ball-park.

Nice. That's what my gut told me to do back then but I failed to listen. But learning.
hero member
Activity: 812
Merit: 1000
Huge and enormous pumps in the making, be prepared for the quad digits.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC

The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.


one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Price just went from $280 to $165 the last 48 hours, bulls tells you everything is OK... price bounced back to $185 (+20) and bulls start posting CCMF ... are you really this desperate ? you should be selling when you were profitable....


BTW, just please don't think about harming your self when we hit single digits, OK ?
Oh you're still here? Cool. CCMF!
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Price just went from $280 to $165 the last 48 hours, bulls tells you everything is OK... price bounced back to $185 (+20) and bulls start posting CCMF ... are you really this desperate ? you should be selling when you were profitable....


BTW, just please don't think about harming your self when we hit single digits, OK ?
legendary
Activity: 896
Merit: 1000
Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

Unless there is reason to believe otherwise, it was probably a typo.

was not. I tried it several times with differing amounts and differing prices.
Well then, that is extremely "bad". I doubt it has much to do with the downtrend, though.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
China awakens.



In about an hour...

I hope they have the munchies for coins. But I expect Panda poo.

I wouldn't be so flippant about China.

China are the ones with the most clout in this panic.

See here: http://bitcoincharts.com/charts/volumepie/

I don't think my unintended irreverence is going to affect the way the will try to dump bitcoin into oblivion.
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
Who is still shorting???  Shocked And finex didn't even fall much...

USD   0.0243%   0.0662%   14,105,693.21 USD
BTC   0.0494%   0.0444%   26,954.87 BTC

Shorts new ATH. Longs at the lowest level since May.




There arn't that many shorting

Someone is taking out BTC credit swaps to raise the price for the few people who are shorting.  to remove liquidity.  

They did it with LTC coin too, you can look here and see http://www.bfxdata.com/

Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...

In some cases yes.  

I was watcching the charts quite closely and the live swaps as they come in, there are a large number of swaps going through that do not get traded.

It happens with both BTC and LTC.  Good example look at the LTC spike 15:37 11th Jan,  the swaps jumped to 191k from 127k in 1 go,  http://bfxdata.com/swaphistory/totals.php

I was watching and nothing was sold,  The swap was closed a little later after that period of selling pressure passed.  (for the time being)

I have been studying it for a while.

Why does a 1015 BTC short show up here http://bfxdata.com/swapstats/btc.php

but not on wisdom https://bitcoinwisdom.com/markets/bitfinex/btcusd

Any ideas?


Shorts are not as high as someone wants us to think they are.  Bitcoin is being sold, not shorted!



Did you honestly go bust bro?


Yep, i'm out!  lost it all, I didn't think a $70  liquidation price would be a problem, but famous last words.
N12
donator
Activity: 1610
Merit: 1010
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC
legendary
Activity: 1176
Merit: 1000
legendary
Activity: 1106
Merit: 1007
Hide your women
Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

Unless there is reason to believe otherwise, it was probably a typo.

was not. I tried it several times with differing amounts and differing prices. On the outside chance that BFX was hacked and this isn't a glitch, this could be the worst timing something like this could happen.
sr. member
Activity: 437
Merit: 250
Who's up for some good ol' bear hunting?
legendary
Activity: 896
Merit: 1000
Something is really screwy on BFX. I tried to put in limit sells order over $300 and it executed them immediately as market sells!  I immediately closed the positions at a small loss, but there is no way I'm risking this shit. My coins are coming home.

Unless there is reason to believe otherwise, it was probably a typo.
member
Activity: 98
Merit: 10
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I feel like the last 13 months were a dream and I just woke up to great news!

you are desperate, you really need help...
Jump to: