Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25095.

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.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

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.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: heartastack on October 12, 2014, 10:39:33 AM

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

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

Well this may be insightful to others FYI so why cynical about the potential enlightenment of others and beating down on these suggestions. You're only encouraging people not to ask questions and if so, direct them somewhere better. Though I don't see the issue with challenging the ethics of our assumptions

I think that others already understand this. To trade Bitcoin, you have to estimate and accept third-party risks.

blade87

hero member

Activity: 644

Merit: 500

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.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

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.

heartastack

hero member

Activity: 714

Merit: 500

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

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

Well this may be insightful to others FYI so why cynical about the potential enlightenment of others and beating down on these suggestions. You're only encouraging people not to ask questions and if so, direct them somewhere better. Though I don't see the issue with challenging the ethics of our assumptions

NotLambchop

sr. member

Activity: 378

Merit: 254

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.

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

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

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

What's happened to bitstamp?

Volume has flatlined.

Speculators are probably asleep!!

heartastack

hero member

Activity: 714

Merit: 500

Quote from: BitChick on October 12, 2014, 10:30:09 AM

Quote from: nanobrain on October 12, 2014, 07:50:36 AM

http://www.theguardian.com/business/2014/oct/12/world-leaders-war-games-financial-crisis?commentpage=1

Thanks for this link Nanobrain. It is insightful. And people wonder why some of us are willing to take a "gamble" on BTC? It is hard to trust in fiat currencies when the IMF and central bankers are just "crossing their fingers and hoping for the best" as the article says.

Mainly yes I think most here understand the reasons for owning BTC, like a precious metal. but it's still kinda strange to bet against an obvious trend instead of waiting a few days and saving hundreds / thousands of lost dollars.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: nanobrain on October 12, 2014, 07:50:36 AM

http://www.theguardian.com/business/2014/oct/12/world-leaders-war-games-financial-crisis?commentpage=1

Thanks for this link Nanobrain. It is insightful. And people wonder why some of us are willing to take a "gamble" on BTC? It is hard to trust in fiat currencies when the IMF and central bankers are just "crossing their fingers and hoping for the best" as the article says.

Sitarow

legendary

Activity: 1792

Merit: 1047

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

What's happened to bitstamp?

Volume has flatlined.

it is not only an issue on bitstamp.

WeltMaster

sr. member

Activity: 437

Merit: 250

What's happened to bitstamp?

Volume has flatlined.

heartastack

hero member

Activity: 714

Merit: 500

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.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: WeltMaster on October 12, 2014, 10:20:14 AM

Round 2

Oh yeah.

WeltMaster

sr. member

Activity: 437

Merit: 250

Round 2

NotLambchop

sr. member

Activity: 378

Merit: 254

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

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: NotLambchop on October 12, 2014, 09:44:13 AM

Assuming you're talking to me:
I think people in this thread are a bit more realistic in their expectations. Like myself, they understand that players in unregulated markets use every tool at their disposal to their advantage. Why draw attention to something so obvious?

How bored are you, to assume you know what others think and understand on here? Never mind.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: heartastack on October 12, 2014, 10:07:08 AM

Quote from: heartastack on October 12, 2014, 02:51:27 AM

The other exchanges appear bearish on the outcome soooo wild theory time...

Could the wall be encouraging shorters to take positions without slippage and a coordinated effort on the other exchanges to make it look like a sure thing when really it's a bear trap with plan for short squeeze ? Cool

nice call..

WeltMaster

sr. member

Activity: 437

Merit: 250

BTC14,058.41 still need to be bought on finex Grin

heartastack

hero member

Activity: 714

Merit: 500

Quote from: heartastack on October 12, 2014, 02:51:27 AM

The other exchanges appear bearish on the outcome soooo wild theory time...

Could the wall be encouraging shorters to take positions without slippage and a coordinated effort on the other exchanges to make it look like a sure thing when really it's a bear trap with plan for short squeeze ? Cool

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