Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26231. (Read 26713056 times)
August 20, 2014, 08:46:56 PM
I wouldn't be surprised if Wall Street didn't analyze all the leaked Gox trade data and all the easily available trade data, and is now fucking us over. Well, everyone but hodlers. First a long squeeze, now a short squeeze.
August 20, 2014, 08:43:52 PM
August 20, 2014, 08:42:58 PM
In other words, this is NOT a set percentage, but instead based on how much leverage you used....? The lower the leverage ratio, the longer it will be allowed to run before being forced to close; however, if an trader uses a high leverage ratio, then it will be forced to close much sooner (b/c the collateral gets eaten up more quickly)?
When the collateral value drop lower than the borrowed asset value, plus 15%.
The thing is complicated from the fact that one can use bitcoin as collateral, so that as the price change the collateral value change too.
Let's do math
John goes short at 450$. His collateral is 450$ (let's assume, to simplify). He short 3 BTC (1350$).
The price goes to 575$. Now to close his position he need to buy 3 BTC (1725$). John's position is in red of 375$.
When his P/L reach -382.5$, poor John will be margin-called. That will happen, in this case, at price 577.5$.
Thank you. I feel that I do NOT completely understand what you said, but I see that in this case, John's position will be forced to close at 128.3%... So then the exchange receives 1) 15% of the collateral item or 2) they receive 85% of the collateral item plus 15% additional fee, which means that the exchange receives the whole collateral item?
It seems that the exchange would receive 2, no? the reason that I say this is b/c in order to fulfill the short of BTC that John did NOT have, the exchange had to take that loss, no? That bet had to have been made by the exchange while it was holding John's 3 BTC as collateral, no?
August 20, 2014, 08:38:22 PM
Lots of volume on huobi today.
Even more on OKCoin.
August 20, 2014, 08:36:13 PM
Lots of volume on huobi today.
August 20, 2014, 08:35:43 PM
amazing
August 20, 2014, 08:27:59 PM
buying back in~!
clearly i've lost my marbles
clearly i've lost my marbles
You weren't all in before?
I sold just b4. keep up
* having issues realizing market might actually go to the moon, normalcy bias kicking full force *
Sometimes I have difficulties believing that you, Adam, would engage in such risky business with your coins - especially, during these uncertain times.... and surely BTC prices are far below the trend line. Additionally, even if you did sell some of your BTC; hopefully, you are NOT risking any more than 20% of your stash, maximum?
Sorry to lecture you Adam.. but there are too many uncertainties to be taking such gambles... b/c that's what these downward whale manipulators want you (and a few others) to do, so that they can get a few more coins.
August 20, 2014, 08:17:11 PM
time to buy ~ $700 close !!! 
August 20, 2014, 08:09:50 PM
how come every time I hear Hodlers here yelling " I am buying", it means even you have an infinite supply of cash to buy all the time, or you are selling and getting fucked up all the time, in other words you are a member of buy high and sell low.
B/c you are attempting to extrapolate some kind of conspiratorial conclusion that does NOT exist. In other words, you are residing in a sort of fantasy world in which you make whatever conclusions are to your liking. WAKE UP.
August 20, 2014, 08:08:23 PM
Calling it now.
>10K by march 2015
>10K by march 2015
Might as well bump up the "we are the new wealthy elite" thread.
August 20, 2014, 08:07:47 PM
Another thing John can do is to close his position incrementally as the price approaches $575. For example, his plan might be that if the price hits $545, he'll close 1 BTC. That means he would buy 1 BTC at $545 to pay off part of his debt. This will have the effect of raising the margin-call price. This is called stop-loss, correct? (I am not a trader and learning this stuff on the fly)
You are right, and it will be wise for John.
Well, we may call this a strategy, that our mutual friend John employ. A stop order can be a tool he can use to implement it.
Do not worry, i knew nothing of these things just a couple years ago. They seems complex but are not
A stop order (they can be either buy or sell, i will describe the former now, just invert buy/sell in the explanation) at price X for N bitcoin work this way:
Code:
- when price became greater than X, place a market order for N bitcoin
Very simple indeed
August 20, 2014, 08:04:21 PM
Calling it now.
>10K by march 2015
>10K by march 2015
August 20, 2014, 07:59:45 PM
In other words, this is NOT a set percentage, but instead based on how much leverage you used....? The lower the leverage ratio, the longer it will be allowed to run before being forced to close; however, if an trader uses a high leverage ratio, then it will be forced to close much sooner (b/c the collateral gets eaten up more quickly)?
When the collateral value drop lower than the borrowed asset value, plus 15%.
The thing is complicated from the fact that one can use bitcoin as collateral, so that as the price change the collateral value change too.
Let's do math
John goes short at 450$. His collateral is 450$ (let's assume, to simplify). He short 3 BTC (1350$).
The price goes to 575$. Now to close his position he need to buy 3 BTC (1725$). John's position is in red of 375$.
When his P/L reach -382.5$, poor John will be margin-called. That will happen, in this case, at price 577.5$.
Another thing John can do is to close his position incrementally as the price approaches $575. For example, his plan might be that if the price hits $545, he'll close 1 BTC. That means he would buy 1 BTC at $545 to pay off part of his debt. This will have the effect of raising the margin-call price. This is called stop-loss, correct? (I am not a trader and learning this stuff on the fly)
August 20, 2014, 07:59:32 PM
August 20, 2014, 07:57:04 PM
Anybody got any coal to fuel this choo choo?
August 20, 2014, 07:56:35 PM
I am relatively bullish on Bitcoin mid-term. I believe we will be above 530 a week from now. 700 or more is a possibility by December 31, barring any huge Black Swan events.
I suspect we might enter 2015 somewhat on the plus side of $600.
$800 or more can be reached by the end of 2015.
But a lot of unforeseen events might drive price lower.
I suspect we might enter 2015 somewhat on the plus side of $600.
$800 or more can be reached by the end of 2015.
But a lot of unforeseen events might drive price lower.
August 20, 2014, 07:55:46 PM
most shorts are older that today no?
most of the squeezie ( unless they get scared and one by one cut losses now ) will happen above 600.
doesn't feel like an easy price target... but no one saw that alpaca coming either.
You mean this one?
but in retrospect, if i was gana do a move like that i'd wait for poeple to be crying in pain for days, too.
also i'm thinking this could a herd of alpacas... as always, bears are doomed.
August 20, 2014, 07:52:33 PM
Normally in the bullish side, but unless we wild and anarchycally destroy 530, it smells like a bulltrap
i feel it too!
i also have an equally loud voice inside me telling me to resist trader logic for next 48 hours.
hence my confusion
August 20, 2014, 07:52:09 PM
most shorts are older that today no?
most of the squeezie ( unless they get scared and one by one cut losses now ) will happen above 600.
doesn't feel like an easy price target... but no one saw that alpaca coming either.
You mean this one?
August 20, 2014, 07:45:42 PM
In other words, this is NOT a set percentage, but instead based on how much leverage you used....? The lower the leverage ratio, the longer it will be allowed to run before being forced to close; however, if an trader uses a high leverage ratio, then it will be forced to close much sooner (b/c the collateral gets eaten up more quickly)?
When the collateral value drop lower than the borrowed asset value, plus 15%.
The thing is complicated from the fact that one can use bitcoin as collateral, so that as the price change the collateral value change too.
Let's do math
John goes short at 450$. His collateral is 450$ (let's assume, to simplify). He short 3 BTC (1350$).
The price goes to 575$. Now to close his position he need to buy 3 BTC (1725$). John's position is in red of 375$.
When his P/L reach -382.5$, poor John will be margin-called. That will happen, in this case, at price 577.5$.
most shorts are older that today no?
most of the squeezie ( unless they get scared and one by one cut losses now ) will happen above 600.
doesn't feel like an easy price target... but no one saw that alpaca coming either.
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