Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25102.

Wandererfromthenorth

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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

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Activity: 2576

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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

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

grappa_barricata

full member

Activity: 154

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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

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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.

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

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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