Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25094.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: ShroomsKit on October 12, 2014, 11:16:53 AM

Traders will keep doing this till the market is completely dead.

Or they run out of bitcoins.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ShroomsKit on October 12, 2014, 11:16:53 AM

...
I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.
...

Worked well thus far. Why wait to make $1k in a year, when you can make $50 every week?

nicked

full member

Activity: 175

Merit: 100

The 1hr chart on Bitstamp seems quite rythmic for the last 3 days.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Feri22 on October 12, 2014, 11:12:47 AM

Quote from: ShroomsKit on October 12, 2014, 11:01:13 AM

Quote from: WeltMaster on October 12, 2014, 10:23:51 AM

What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.

You are way too negative man Cheesy

try to enjoy those cheap coins, i am buying like crazy Cool

Sure you are.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: JimboToronto on October 12, 2014, 10:40:48 AM

Good morning Bitcoinland.

Went to bed just after the 3k bidwall was eaten wondering which way it would go. What a difference a week makes.

After the 30k askwall was eaten last week, the price rose sharply. Today I awake to see that the market has sloughed off last night's little drama like water off a duck's back and we're right back where we started before the wall was built.

Cautiously bullish.

I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.

And it doesn't even matter how often i keep repeating this. Traders will keep doing this till the market is completely dead.

Feri22

hero member

Activity: 748

Merit: 500

Quote from: ShroomsKit on October 12, 2014, 11:01:13 AM

Quote from: WeltMaster on October 12, 2014, 10:23:51 AM

What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.

You are way too negative man Cheesy

try to enjoy those cheap coins, i am buying like crazy Cool

BBmmBB

newbie

Activity: 56

Merit: 0

Quote from: blade87 on October 12, 2014, 10:44:21 AM

Quote from: heartastack on October 12, 2014, 10:23:39 AM

Quote from: NotLambchop on October 12, 2014, 10:20:00 AM

^
What's bothering you, stereotype? You feel I'm giving folks here too much credit? Say it in words

What are your thoughts on exchanges using other peoples BTC to short the market?
Unregulated and transparent are different things. One is honest.

Yes stocks can be shorted the same way, except stocks are not generated every day (and can be effectively sold twice at market price due to shorting).

This is the bullshit the whales are exploiting. Get your BTC (all of it) off of BitFinex and other exchanges that allow for this. Overall the sell pressure is probably much higher than even shorts + naked shorts typically generate in the stock market.

i know bitcoin exchanges just turning BTC into another p&d stock! ...it seems Tongue

*watch!* lol

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Richy_T on October 12, 2014, 11:02:26 AM

Quote from: NotLambchop on October 12, 2014, 10:36:45 AM

My thoughts are pretty bland: If they can do it without any repercussions, they probably do. That's why regulations exist.

To trick the unwary into a sense of false security while they do it anyway.

Perhaps.
I still prefer that such idiots are raped discreetly, not in the middle of my living room where I'm forced to watch.
Just basic etiquette.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: ShroomsKit on October 12, 2014, 11:01:13 AM

Quote from: WeltMaster on October 12, 2014, 10:23:51 AM

What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.

This has to be one of the most naive posts I have seen here ever.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: NotLambchop on October 12, 2014, 10:36:45 AM

My thoughts are pretty bland: If they can do it without any repercussions, they probably do. That's why regulations exist.

To trick the unwary into a sense of false security while they do it anyway.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: WeltMaster on October 12, 2014, 10:23:51 AM

What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: Wandererfromthenorth on October 12, 2014, 10:52:29 AM

There's not steam left anymore for any little pump. Buying pressure is a big fat 0.

It doesn't matter if shorts at bitfinex are at an all time high if nobody will market buy enough to push it higher to trigger a squeeze.

In a few days you'll see the price waves get smaller and smaller (lower highs) and eventually we'll break (probably downwards).

That one right now is a nice shortable bounce if you ask me.

I don't know... it can turn violent in a moment so this is too risky to short now, 350 seem to be a support area.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: blade87 on October 12, 2014, 10:44:21 AM

Quote from: heartastack on October 12, 2014, 10:23:39 AM

Quote from: NotLambchop on October 12, 2014, 10:20:00 AM

^
What's bothering you, stereotype? You feel I'm giving folks here too much credit? Say it in words

What are your thoughts on exchanges using other peoples BTC to short the market?
Unregulated and transparent are different things. One is honest.

Yes stocks can be shorted the same way, except stocks are not generated every day (and can be effectively sold twice at market price due to shorting).

This is the bullshit the whales are exploiting. Get your BTC (all of it) off of BitFinex and other exchanges that allow for this. Overall the sell pressure is probably much higher than even shorts + naked shorts typically generate in the stock market.

Yes, notice how the pattern is simply burst up followed by long drawn-out downward pressure. Rinse repeat. Shorting is the scourge and it's a paradise for traders with such low trading fees vs stock market. I promise you BTC wants to go up but it can't like this.

Something. Fundamental needs to take place to force a squeeze that may bankrupt an exchange but that may stop the process

btcney

hero member

Activity: 588

Merit: 500

Quote from: Wandererfromthenorth on October 12, 2014, 10:52:29 AM

There's not steam left anymore for any little pump. Buying pressure is a big fat 0.

It doesn't matter if shorts at bitfinex are at an all time high if nobody will market buy enough to push it higher to trigger a squeeze.

In a few days you'll see the price waves get smaller and smaller (lower highs) and eventually we'll break (probably downwards).

That one right now is a nice shortable bounce if you ask me.

Shhh, let the longers long.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25094. (Read 26707056 times)