Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24110.

oda.krell

legendary

Activity: 1470

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Quote from: Wandererfromthenorth on December 18, 2014, 05:15:22 PM

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

You Sir, just went full Shroomskit.

Disagree. Sometime over the last year, I started enjoying billy's posts. Sure, he's a bit of a rambling old guy, borderline misogynist borderline anti-semite (cue Billy: "Like hell I am, borderline. I'm complete, on both counts!"), but for one, he's clearly a smart guy, and his prose is a pleasure to read.

janos666

hero member

Activity: 588

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Quote from: Wary on December 18, 2014, 04:03:09 PM

Quote from: oda.krell on December 18, 2014, 06:08:36 AM

Fun thought: The Ripple market now is like the Bitcoin market before shorting was possible on a substantial scale.

Yes, I mean that as: Ripple is in bubble mode and the burst will be spectacular, but I'm sure you can also derive the other implication Cheesy

I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

Bitfinex trades produce significantly bigger deviations from the mean than Bitstamp trades while the visible parts of their orderbooks show a comparable depths.

Can you hide your orders on Bitstamp?

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

...who took our money so easily...

...I'm gonna take these bastards money...

Please define "money".

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

You Sir, just went full Shroomskit.

luigi1111

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Activity: 1105

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Quote from: Bitcoins101 on December 18, 2014, 04:43:16 PM

Quote from: Tzupy on December 18, 2014, 04:15:06 PM

Quote from: Wary on December 18, 2014, 04:03:09 PM

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

Money doesn't disappear.

All the time.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Wary on December 18, 2014, 05:01:56 PM

... But why does he call them parasites? Huh

Just because they took his money? Wink

...

Mistaking Us for parasites. Pathetic earthling.

~Your Beneficent Reptilian Overlords

Dilla

hero member

Activity: 588

Merit: 500

Quote from: findftp on December 18, 2014, 05:05:33 PM

Quote from: Dilla on December 18, 2014, 05:03:13 PM

China waking up. Down to <300, some price, or up?

Down to >200, at some exchanges. I'll stay awake tonight.
This could get interesting. 24 much critical hours...

It could go low, good thing I'll be up studying for exams, a great buy opportunity may happen tonight.

findftp

legendary

Activity: 1022

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Delusional crypto obsessionist

Quote from: Dilla on December 18, 2014, 05:03:13 PM

China waking up. Down to <300, some price, or up?

Down to >200, at some exchanges. I'll stay awake tonight.
This could get interesting. 24 much critical hours...

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: Wary on December 18, 2014, 05:01:56 PM

Quote from: adamstgBit on December 18, 2014, 04:01:20 PM

Quote from: Wary on December 18, 2014, 03:57:51 PM

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

Just curious. Who are these bastards?

traders selling to buy back lower.

But why does he call them parasites? Huh

Just because they took his money? Wink

Or there is some economic reasoning behind it?

Because of the lambo?

Dilla

hero member

Activity: 588

Merit: 500

China waking up. Down to <300, some price, or up?

Wary

hero member

Activity: 798

Merit: 1000

Who's there?

Quote from: adamstgBit on December 18, 2014, 04:01:20 PM

Quote from: Wary on December 18, 2014, 03:57:51 PM

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

Just curious. Who are these bastards?

traders selling to buy back lower.

But why does he call them parasites? Huh

Just because they took his money? Wink

Or there is some economic reasoning behind it?

ChartBuddy

legendary

Activity: 2450

Merit: 2089

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: findftp on December 18, 2014, 03:30:58 PM

I wonder if we get one of those $102 moments soon at BTC-e...

Just imagine, and place your bets!mine are at 205

Why do i always trade with so much emotion. Undecided

Wary

hero member

Activity: 798

Merit: 1000

Who's there?

Quote from: Tzupy on December 18, 2014, 04:15:06 PM

Quote from: Wary on December 18, 2014, 04:03:09 PM

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

That's why I put a smile after 20. I reckon people would use more sensible numbers, like 2:1 or 3:1. The question is how would it affect the price picture. Would it reduce amplitude of price swings several-fold?

Bitcoins101

hero member

Activity: 938

Merit: 509

Quote from: Tzupy on December 18, 2014, 04:15:06 PM

Quote from: Wary on December 18, 2014, 04:03:09 PM

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

Money doesn't disappear.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: adamstgBit on December 18, 2014, 04:01:20 PM

Quote from: Wary on December 18, 2014, 03:57:51 PM

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

Just curious. Who are these bastards?

traders selling to buy back lower.

I love reading billybanjo. Apparently someone born out of wedlock stole his Lamborghini but he learnt a valuable lesson so it's ok. That's a nice story.

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: Wary on December 18, 2014, 04:03:09 PM

...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.

Wary

hero member

Activity: 798

Merit: 1000

Who's there?

Quote from: oda.krell on December 18, 2014, 06:08:36 AM

Fun thought: The Ripple market now is like the Bitcoin market before shorting was possible on a substantial scale.

Yes, I mean that as: Ripple is in bubble mode and the burst will be spectacular, but I'm sure you can also derive the other implication Cheesy

I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,

then bubbles will be 20 times smaller.

adamstgBit

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Trusted Bitcoiner

Quote from: Wary on December 18, 2014, 03:57:51 PM

Quote from: billyjoeallen on December 18, 2014, 08:55:59 AM

I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.

All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.

This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.

I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.

Just curious. Who are these bastards?

traders selling to buy back lower.

ChartBuddy

legendary

Activity: 2450

Merit: 2089

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

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