Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26399.

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: Newbie1022 on August 18, 2014, 09:50:32 PM

Quote from: ?? on ??

shorts jumped up to 6,724 an increase of over 500 since last bfxdata update, maybe someone is going to attack the hidden wall? or bfxdata is slow to update and it's a short from earlier

This happened right after the peak the other day. Predicting a memorable blood bath at this point.

How frequently does it get updated?

windjc

legendary

Activity: 2156

Merit: 1070

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen. Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

shorts jumped up to 6,724 an increase of over 500 since last bfxdata update, maybe someone is going to attack the hidden wall? or bfxdata is slow to update and it's a short from earlier

This happened right after the peak the other day. Predicting a memorable blood bath at this point.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: empowering on August 18, 2014, 09:36:43 PM

Quote from: Davyd05 on August 18, 2014, 09:35:36 PM

you know its a busy day when people are quoting trolls

However I just beat myself up for not having flash crash money on exchange.. Sadly broken record sounding as I repeat this all the time. However I was just to iffy on holding cash on an exchange for a long period of time despite having full confidence in CaVirtEx

that happens everyday around here Cheesy

true, I guess in a way everyday is busy her Cheesy

Except for sideways days its a bit quieter.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: seleme on August 18, 2014, 09:37:50 PM

Quote from: Sandia on August 18, 2014, 09:28:36 PM

Quote from: adamstgBit on August 18, 2014, 09:25:55 PM

stress levels are high, markets are wild, just another day in bitcoin land

good show!

A HELL of a lot better than that sideways stuff. Volatility is a hell of a drug.

Tell that to us who got raped on btc-e yesterday Grin

Oh, if you traded there then you really can't drop out now... you'd be giving up a 6% premium in price if you closed your position. Stay put and make it back on the ride up.

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: ?? on ??

Quote from: BTCtrader71 on August 18, 2014, 09:27:37 PM

bfx USD swaps are now at $18.7 million, down from, what -- $29 million a few days ago? (maybe longer ago than that, I don't remember). So that means that over $10 million worth of long positions got liquidated, which means something like 20,000 or 25,000 coins got sold in the process. Someone tell me if my back-of-the-envelope calculation is correct ...

wed 13th august longs were $30.05m, so yes about $11.3m have been closed/liquidated, if we say $500 average then easily 22k coins have been sold. Also, shorts have gone from 4k to 6k.

So perhaps we could time the bottom if we can guess when the bfx longs will be through doing what they gotta do?

EDIT: This is assuming that the closing out of the bfx longs is the major driver for the recent downturn from 600 to 460.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Sandia on August 18, 2014, 09:28:36 PM

Quote from: adamstgBit on August 18, 2014, 09:25:55 PM

stress levels are high, markets are wild, just another day in bitcoin land

good show!

A HELL of a lot better than that sideways stuff. Volatility is a hell of a drug.

Tell that to us who got raped on btc-e yesterday Grin

Newbie1022

full member

Activity: 238

Merit: 100

So ummmm... you guys no matter what side of this bet you take, in the near term you are going to be slaughtered, right? Too many games being played, here. This is the same trading pattern as August 12th - August 14th. We've seen this pattern before. Look at the 4 hour chart. It's a pattern that basically no side can win because the shorts will lose heart unless they are in on the gambit and the hodlers/buyers get burnt on the crash.

INSTANTpr

newbie

Activity: 28

Merit: 0

BTC skeet skeet >> https://www.youtube.com/watch?v=IYH7_GzP4Tg

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: Sandia on August 18, 2014, 09:28:36 PM

Quote from: adamstgBit on August 18, 2014, 09:25:55 PM

stress levels are high, markets are wild, just another day in bitcoin land

good show!

A HELL of a lot better than that sideways stuff. Volatility is a hell of a drug.

i love it to much

burnt alot of money during this bear market Cheesy

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Davyd05 on August 18, 2014, 09:35:36 PM

you know its a busy day when people are quoting trolls

However I just beat myself up for not having flash crash money on exchange.. Sadly broken record sounding as I repeat this all the time. However I was just to iffy on holding cash on an exchange for a long period of time despite having full confidence in CaVirtEx

that happens everyday around here Cheesy

Davyd05

hero member

Activity: 574

Merit: 500

you know its a busy day when people are quoting trolls Cheesy

However I just beat myself up for not having flash crash money on exchange.. Sadly broken record sounding as I repeat this all the time. However I was just to iffy on holding cash on an exchange for a long period of time despite having full confidence in CaVirtEx

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: Torque on August 18, 2014, 09:28:43 PM

Quote from: Newbie1022 on August 18, 2014, 09:09:25 PM

Quote from: seleme on August 18, 2014, 09:08:44 PM

Interesting theory from someone on TV trollbox.

Coinbase was short of coins yesterday or today apparently. It might be them buying.

Bingo!!!

No, I'm pretty sure this is a guy (or part of a group) propping up Stamp in order to arbitrage coins bought from Btc-e.

Smarter theory.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Chuckee on August 18, 2014, 09:23:19 PM

crap

oh dear god man get a bloody grip you poor sod... seriously, you fool no one, and your account is 2 days old... you have no track record at all of anything... and the "former" you and the people "flocking" to you for "advice" is just all a load of bull , unless you prove it... easy to do, will take you 2 seconds in the following steps

Post your old name, proving you are a "well trusted community member" or what ever crap you assert.

Post the names of your supposed "flock" (ha ha ha)

Then create another spammy account to add to your collection of sockpuppets and you are back to where you are now in the event you get banned "again" and you can start off spouting crap with another account and in two days it will be just as "legendary" as this crap one you use now.. and what is another account to add to the list you already have ?

job done..

simple

your move

put up

or really please shut up and go and get a life

proof or it never happened.

Torque

legendary

Activity: 3822

Merit: 5504

Quote from: Newbie1022 on August 18, 2014, 09:09:25 PM

Quote from: seleme on August 18, 2014, 09:08:44 PM

Interesting theory from someone on TV trollbox.

Coinbase was short of coins yesterday or today apparently. It might be them buying.

Bingo!!!

No, I'm pretty sure this is a guy (or part of a group) propping up Stamp in order to arbitrage coins bought from Btc-e.

Sandia

full member

Activity: 182

Merit: 100

Quote from: adamstgBit on August 18, 2014, 09:25:55 PM

stress levels are high, markets are wild, just another day in bitcoin land

good show!

A HELL of a lot better than that sideways stuff. Volatility is a hell of a drug.

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: adamstgBit on August 18, 2014, 09:25:55 PM

stress levels are high, markets are wild, just another day in bitcoin land

good show!

+1

BTCtrader71

hero member

Activity: 784

Merit: 1001

bfx USD swaps are now at $18.7 million, down from, what -- $29 million a few days ago? (maybe longer ago than that, I don't remember). So that means that over $10 million worth of long positions got liquidated, which means something like 20,000 or 25,000 coins got sold in the process. Someone tell me if my back-of-the-envelope calculation is correct ...

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

stress levels are high, markets are wild, just another day in bitcoin land

good show!

Chuckee

member

Activity: 70

Merit: 10

Quote from: empowering on August 18, 2014, 09:05:00 PM

Quote from: Chuckee on August 18, 2014, 09:00:30 PM

Quote from: Sandia on August 18, 2014, 08:56:59 PM

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago. There are only ~100 people with that many coins. If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max. If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs. The 7M USD in coins (probably much more) that he already owned wasn't enough.

Disappointing, isn't it?

They never said all 7k were dumped by a single entity. This was caused by many players *together* cutting their loose. Cut *your* loose before it's too late!

you have no credibility unless you tell us who you "used to be" which I notice you declined to do...nor the names of the people flocking to you for advice... everything that comes out of your mouth and that of your sockpuppets is total crapola.

My credibility comes from my predications which have been correct time and time again. No one person can know with 100% certainty price movements from day to day, yet I have an unblemished record. This is why each day I spend much time responding to PMs from members who are ashamed to speak to me in the public forum (for fear of being ostracized by the bull-tards) but are wise enough to heed my words and they have successfully cut their loose. Cut YOUR loose before it's too late!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26399. (Read 26732385 times)