Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24713.

NotLambchop

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Activity: 378

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Quote from: macsga on November 05, 2014, 03:03:43 PM

Quote from: NotLambchop on November 05, 2014, 03:02:31 PM

Quote from: oda.krell on November 05, 2014, 02:38:57 PM

Quote from: NotLambchop on November 05, 2014, 02:12:11 PM

Very volume.

Huh. Sure you're looking at the right thing?
...

Pretty sure. Also lol @"Chinese volume."
Not expecting any drama today. Not to the upside, at least. Been wrong before, tho Undecided

I believe you should stay all Fiat. In the meantime please entertain yourself by reading a nice nursery rhyme:

http://wolfstreet.com/2014/10/30/the-wrath-of-draghi-first-german-bank-hits-savers-with-negative-interest-rate/

Quote

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.

Cheers.

Isn't this what you "sound money" luddites want? The bank is providing a service, it should be paid for it Cool

David M

sr. member

Activity: 476

Merit: 250

Quote from: molecular on November 05, 2014, 02:41:03 PM

I remember there was lots of shorting (on borrowed btc) on bitcoinica in late 2011. Imo it was a large part of what brought the price down to $2.xx. The gox hack and media did the largest part, though.

Zhou tong... who could forget. The damage was already done after we broke $16 which was at least 3 months before Bitcoinica.

Bitcoinica entered the market in September 2011 (~$6) and just helped shorts sell the bottom.

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-06zeg2012-11-07ztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv

As an aside, we did not no it at the time, but my old man bought 1000 BTC at $8 just before Bitcoinica came online. He didn't care.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: NotLambchop on November 05, 2014, 03:02:31 PM

Quote from: oda.krell on November 05, 2014, 02:38:57 PM

Quote from: NotLambchop on November 05, 2014, 02:12:11 PM

Very volume.

Huh. Sure you're looking at the right thing?
...

Pretty sure. Also lol @"Chinese volume."
Not expecting any drama today. Not to the upside, at least. Been wrong before, tho Undecided

I believe you should stay all Fiat. In the meantime please entertain yourself by reading a nice nursery rhyme:

http://wolfstreet.com/2014/10/30/the-wrath-of-draghi-first-german-bank-hits-savers-with-negative-interest-rate/

Quote

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.

Cheers.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: oda.krell on November 05, 2014, 02:38:57 PM

Quote from: NotLambchop on November 05, 2014, 02:12:11 PM

Very volume.

Huh. Sure you're looking at the right thing?
...

Pretty sure. Also lol @"Chinese volume." As un-pc as "Indian giver."
Not expecting any drama today. Not to the upside, at least. Been wrong before, tho Undecided

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: inca on November 05, 2014, 02:31:01 PM

Quote from: mmitech on November 05, 2014, 12:37:01 PM

Quote from: N12 on November 05, 2014, 12:01:04 PM

I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.

Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.

What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay. Cheesy

Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...

back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.

How are the shorts going?

Never shorted a thing in my life, keep trying....troll

molecular

donator

Activity: 2772

Merit: 1019

Quote from: David M on November 05, 2014, 02:38:21 PM

Quote from: oda.krell on November 05, 2014, 12:16:23 PM

My point is: looking at the 2011 decline from $32, I simply can't imagine there was any substantial capital in the hands of what you'd call 'traders', otherwise there would have been the occasional pause when a major resistance was being hit and traders, on average, closed a short to see where price is heading.

I entered bitcoin (first buy of DCA strategy) at $2 dollars before the run up to $32.
IMO, the subsequent bear market was not being traded down. It was a/few large early adopter cashing out.

There was no "shorting" as the future of Bitcoin was a massive gamble and the idea to sell your bitcoin to then buy back later was considered insane as there was a real possibility of it going down in flames.

I remember there was lots of shorting (on borrowed btc) on bitcoinica in late 2011. Imo it was a large part of what brought the price down to $2.xx. The gox hack and media did the largest part, though.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: NotLambchop on November 05, 2014, 02:12:11 PM

Very volume.

Huh. Sure you're looking at the right thing?

Between this (new Chinese volume peak, even higher than volume at capitulation bottom), the major Bitfinex market buys yesterday, and the ramping up of Bitstamp's bid/ask I already mentioned, I'd be seriously surprised if we don't make at least an attempt to get back to 380 within the next 10 days.

David M

sr. member

Activity: 476

Merit: 250

Quote from: oda.krell on November 05, 2014, 12:16:23 PM

My point is: looking at the 2011 decline from $32, I simply can't imagine there was any substantial capital in the hands of what you'd call 'traders', otherwise there would have been the occasional pause when a major resistance was being hit and traders, on average, closed a short to see where price is heading.

I entered bitcoin (first buy of DCA strategy) at $2 dollars before the run up to $32.
IMO, the subsequent bear market was not being traded down. It was a/few large early adopter cashing out.

There was no "shorting" as the future of Bitcoin was a massive gamble and the idea to sell your bitcoin to then buy back later was considered insane as there was a real possibility of it going down in flames.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: mmitech on November 05, 2014, 12:37:01 PM

Quote from: N12 on November 05, 2014, 12:01:04 PM

I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.

Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.

What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay. Cheesy

Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...

back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.

How are the shorts going?

SnokkomBTC

hero member

Activity: 559

Merit: 500

Quote from: NotLambchop on November 05, 2014, 02:12:11 PM

Very volume.

waiting voor short squeeze.

NotLambchop

sr. member

Activity: 378

Merit: 254

Very volume.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

GreekBitcoin

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getmonero.org

Quote from: oda.krell on November 05, 2014, 12:16:23 PM

@Blitz: I'll admit, you've been around much longer than me, so my impressions of the early days of BTC trading are pretty vague. Could be that you're right about the percentages being (roughly) the same.

I will say that much: the almost linear, nearly uninterrupted decline from the $32 peak to the $2 double bottom in 2011 looks almost comical by today's standards. Not a single big mean reversion trade. My point is: looking at the 2011 decline from $32, I simply can't imagine there was any substantial capital in the hands of what you'd call 'traders', otherwise there would have been the occasional pause when a major resistance was being hit and traders, on average, closed a short to see where price is heading.

It was even more comical when it reached negative numbers (i remember seeing negative values back then but i cant find any picture right now) on mtgox back then and people who panicked and sold for almost zero wanted to reset all trades of the day.

BTC.sx

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Activity: 65

Merit: 10

Quote from: Cheeseonastick on November 05, 2014, 11:41:32 AM

Quote from: Kupsi on November 05, 2014, 11:38:25 AM

Quote from: ?? on ??

Quote from: noobtrader on November 05, 2014, 11:13:21 AM

Quote from: ?? on ??

Hey guys sorry if this is off topic but does anyone know, are you no longer allowed to change your leverage rate on bitfinex?

I thought they allowed up to 2.5x leverage, but I'm not seeing anywhere to adjust leverage settings.

so..

what happend ?
short squezzed Huh

afaik, you set your leverage rate when you register

I do recall setting my leverage settings when I registered. Odd that they don't allow you to adjust it later.

I suppose I will just have to make a new account if I want to change my leverage settings then Undecided

They have one leverage settings for all users now.

Interesting, thanks for the info. When did they change this?

I assume it's 1:1 for everyone?

Hi everyone

You will be pleased to hear that at http://btc.sx you can trade Bitcoin with leverage. We have recently integrated Bitfinex into our platform, which you can read about in CoinDesk:
http://www.coindesk.com/exchange-roundup-traders-gain-tools-bank-woes-justcoin/

You can trade with 2:1, 5:1 or 10:1 leverage - and you can change this for each position you enter. Trades can also be placed on Bitstamp and itBit.

Happy trading!

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

UnDerDoG81

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Wohooo CCMF!!

mmitech

legendary

Activity: 1148

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things you own end up owning you

Quote from: N12 on November 05, 2014, 12:01:04 PM

I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.

Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.

What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay. Cheesy

Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...

back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.

N12

donator

Activity: 1610

Merit: 1010

Good point oda and something I've observed as well. I don't have a good explanation (but I'm sure the EWers do Cheesy

), it may be just random too.

Oh good, the FUD shroom is back.

Quote from: fonsie on November 02, 2014, 09:31:38 AM

Quote from: ShroomsKit on October 28, 2014, 12:41:04 PM

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

Quote from: ShroomsKit on October 28, 2014, 06:41:43 PM

I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.

The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.

We're going up and it's confirmed!

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: ShroomsKit on November 05, 2014, 12:23:52 PM

Pump is over. Now we get the dumps back to 325.

Do you get paid to be a negative **** on here?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24713. (Read 26713521 times)