Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26379. (Read 26686278 times)
August 14, 2014, 09:35:02 AM
We seem to follow October 2013 to the letter ...
August 14, 2014, 09:34:13 AM
Sold part of my stash now
Hoping to make a grand atleast
I'll be PISSED if this beast going into some unexpected rally mode now
Hoping to make a grand atleast
I'll be PISSED if this beast going into some unexpected rally mode now
August 14, 2014, 09:34:07 AM
on the bright side, volume is up!
August 14, 2014, 09:32:40 AM
In the mean time DISH... 400 coming! 
August 14, 2014, 09:32:16 AM
Such unjustified collapse.. something is brewing.
August 14, 2014, 09:32:06 AM
some support here
perhaps 500 will hold?
perhaps 500 will hold?
I doubt that, it's being tested right now and bids are being pulled. And now it's broken...
Notice how the largest sells come in right at the 501 threshold. But what am I saying, there couldn't possibly be manipulation going on. Nooooo, not at all. Nope. None. At. All.
August 14, 2014, 09:31:47 AM
Timber...!
August 14, 2014, 09:29:36 AM
History, Gentlemen, History.
August 14, 2014, 09:28:11 AM
some support here
perhaps 500 will hold?
perhaps 500 will hold?
I doubt that, it's being tested right now and bids are being pulled. And now it's broken...
August 14, 2014, 09:24:34 AM
Kinda waiting for that hard rebounce to 580,-. Surely will happen in the coming days. For now it's just a mess
August 14, 2014, 09:24:05 AM
some support here
perhaps 500 will hold?
perhaps 500 will hold?
August 14, 2014, 09:23:20 AM
Not really, huobi and okcoin have mostly fake volumes. Biggest platform are bitstamp&bitfinex then btcchina. Not saying that huobi and okcoin has to be ignored (we are adding them very soon ) but their volumes has to be taken as half fake.
I avoid calling it "fake" volume, but I agree. The current (daily) leg of the capitulation is, in my opinion, mainly driven by Bitfinex - not really a surprise, given the huge built-up leveraged long positions that Blitz highlighted in his post ages ago. Despite their daily volume still being dwarfed by the Chinese exchanges.
So that's further evidence for those of us who believe that, while CNY volume might be "real", it is simply less relevant, per dollar, being largely automated, zero fee volume.
Is there a way to see Bitfinex long/short positions?
Best view:
http://www.bfxdata.com/swaphistory/totals.php
(scroll down for BTC)
August 14, 2014, 09:23:15 AM
Couple of orders filled on Kraken over night. I'm not sure if the dumping is over now, looks to me like there might be another leg down 1st.
August 14, 2014, 09:20:10 AM
Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.
The more ppl speak like you (and the less they speak like me
) the better, because that much closer to the bottom we are.
But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.
It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.
Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.
The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.
The more ppl speak like you (and the less they speak like me
) the better, because that much closer to the bottom we are.But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.
It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.
Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.
The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.
I like what you did there, pouring oil on fire
I beg to disagree
Casually dropping some info about your at-noon breakfast of roasted liver with wine, in the middle of a capitulation that'll cost quite a few investors dearly, is the real oil-on-fire. Which is why I got the Marie Antoinette association.which fits my theory better...
August 14, 2014, 09:20:10 AM
The dump on bitfinex brought everybody to the 500 frontier
We can see that it's a flash crash, 26kBTC volume in less than 10 hours
heartbit.io/app
We can see that it's a flash crash, 26kBTC volume in less than 10 hours
heartbit.io/app
Even Cryptsy BTC/USD market - a very young and thus thin market - went to $450 on that news.
August 14, 2014, 09:19:25 AM
how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything
Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.
The more ppl speak like you (and the less they speak like me
) the better, because that much closer to the bottom we are.But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.
It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.
Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.
The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.
No fava beans?
August 14, 2014, 09:18:32 AM
aaaaand as soon as USA wakes up, china begins dumping round 2. They might start to panic sell, and looking at this whole situation they should.
Not yet, they must break 3100 and then panic sell, but volume is too low right now, maybe later.
Yeah I think so too. Volume needs to rise, maybe we will see ~480 before the weekend. Keeps the traders fingers excited at least.
And it's broken, let's see if volume picks up and breaks 3000 too.
August 14, 2014, 09:18:15 AM
bitfinex under 500
August 14, 2014, 09:17:08 AM
Goodbye 500, hello short at 504
August 14, 2014, 09:16:38 AM
Not really, huobi and okcoin have mostly fake volumes. Biggest platform are bitstamp&bitfinex then btcchina. Not saying that huobi and okcoin has to be ignored (we are adding them very soon ) but their volumes has to be taken as half fake.
I avoid calling it "fake" volume, but I agree. The current (daily) leg of the capitulation is, in my opinion, mainly driven by Bitfinex - not really a surprise, given the huge built-up leveraged long positions that Blitz highlighted in his post ages ago. Despite their daily volume still being dwarfed by the Chinese exchanges.
So that's further evidence for those of us who believe that, while CNY volume might be "real", it is simply less relevant, per dollar, being largely automated, zero fee volume.
Is there a way to see Bitfinex long/short positions?
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