What site is this?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25066. (Read 26709760 times)
October 13, 2014, 06:42:35 PM
October 13, 2014, 06:40:50 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
In a way. It means that the exchange gives them bitcoins e.g. give the exchange 1 bitcoin and they give you 10 (or 20 or 50, depending how much leverage you have).
They then dump these coins straight onto the market and try to rebuy cheaper. When they re-buy they can sell back to the exchange and pocket the difference.
There was a lot of money being made doing this all the way down from $600.
Now the price is going back up and the shorts forgot to buy back in. They are now being forced to buy back in but some brave souls are trying to dump more to stop the rise. Shit's getting real. Let's hope the exchange didn't get greedy either and lend more than they can get back!
This is the true meaning of sharks
I just learned what a short was last night, and to be honest, thats one hell of a risk if you ask me.
October 13, 2014, 06:37:39 PM
This market is broken.
October 13, 2014, 06:36:36 PM
holy crap.. surprised none of you have cross posted this here yet.. 
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
Relevance to bitcoin wall observer?
It is the same guy that crashed the price to 102 on btc-e.
October 13, 2014, 06:34:03 PM
Personally, I believe that bitcoin is NOT going to win in the short-term merely on it's payment system and low costs (though in the long run, bitcoin will provide a lot of competition regarding costs), and more savvy persons (like you and me and several other bullish-oriented posters in this thread) are going to realize that bitcoin holds much more value (than centralized systems, such as apple pay) because of its decentrailzation, flexibility and its store of value and we are NOT (hopefully) going to get distracted by mere ease of use framings... even though many of us alsolikely wished that BTC were easier to use in a variety of ways (yet we understand that ease of use will likely improve with time).
Totally agree
He's good at the analysis
October 13, 2014, 06:31:54 PM
Personally, I believe that bitcoin is NOT going to win in the short-term merely on it's payment system and low costs (though in the long run, bitcoin will provide a lot of competition regarding costs), and more savvy persons (like you and me and several other bullish-oriented posters in this thread) are going to realize that bitcoin holds much more value (than centralized systems, such as apple pay) because of its decentrailzation, flexibility and its store of value and we are NOT (hopefully) going to get distracted by mere ease of use framings... even though many of us alsolikely wished that BTC were easier to use in a variety of ways (yet we understand that ease of use will likely improve with time).
Totally agree
October 13, 2014, 06:31:03 PM
The West has left the Bitcoin price in a good place for today.
China, over to you. Don't fuck it up.
China, over to you. Don't fuck it up.
October 13, 2014, 06:29:42 PM
holy crap.. surprised none of you have cross posted this here yet..
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
Relevance to bitcoin wall observer?
October 13, 2014, 06:26:38 PM
holy crap.. surprised none of you have cross posted this here yet..
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
So.. nothing happens is the answer?
October 13, 2014, 06:16:24 PM
holy crap.. surprised none of you have cross posted this here yet..
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
October 13, 2014, 06:04:55 PM
Time to reel some more shorts in before the next pump. 
October 13, 2014, 06:04:25 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
they lend bitcoins to short
Ohhhh. Well there is the problem right there isn't it
It works the other way as well. They can lend you $ to buy more BTC than you could afford. You might even buy more BTC by keeping some BTC there, effectively harvesting more BTC on a way up (like now - well, at least up to 400 an who knows from here...) thus you might end up with BTC + extra $ or even BTC + BTC (you can automatically buy BTC for the $ you earned).
October 13, 2014, 06:03:04 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
they lend bitcoins to short
Technically they are lending other people's bitcoins, and the lenders are making interest.
October 13, 2014, 06:01:44 PM
another track we just released couple days ago.... http://youtu.be/XjWOyiQEHyQ?list=PLGw-hF2Hv2cuPI8Oae0N2zP2zB5EXlngi
October 13, 2014, 06:00:56 PM
October 13, 2014, 06:00:15 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
they lend bitcoins to short
Ohhhh. Well there is the problem right there isn't it
October 13, 2014, 05:59:31 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
they lend bitcoins to short
October 13, 2014, 05:59:11 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
In a way. It means that the exchange gives them bitcoins e.g. give the exchange 1 bitcoin and they give you 10 (or 20 or 50, depending how much leverage you have).
They then dump these coins straight onto the market and try to rebuy cheaper. When they re-buy they can sell back to the exchange and pocket the difference.
There was a lot of money being made doing this all the way down from $600.
Now the price is going back up and the shorts forgot to buy back in. They are now being forced to buy back in but some brave souls are trying to dump more to stop the rise. Shit's getting real. Let's hope the exchange didn't get greedy either and lend more than they can get back!
This is the true meaning of sharks
October 13, 2014, 05:55:49 PM
will probably not even get to 390...
you spoke too soon
i didn't expect someone to leverage short 750 coins right now...lol
but it's fine...we'll be up anyway
Does leveraged short mean the exchanges are lending them money??
October 13, 2014, 05:55:39 PM
We passed 400 finally. I'm expecting uptrend for short term.
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