Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26421. (Read 26610910 times)

Oh NO they left the BTC game and sold they BTC.Bitcoin is gone for forever.It's dead!  LoL

Game over. ShroomsKit and mimimitech are out. Bitcoin is dead.

Good bye! And yeah sure BTC will die when there are millions invested...and GABI will start trading in September. 

Yes,it's amazing.

Wow, I was just looking at Bitfinex swap data against price. It's amazing how most people go long at the top and short at the bottom. Simply amazing. Must be a lot of traders in pain right now (and maybe at all times)....

Bitfinex leverage will not be decreased as much as announced 4 weeks earlier:

Hello,
In our ongoing effort to deliver the very best in crytocurrency trading, Bitfinex is pleased to announce several changes and enhancements to our margin system that will pave the way for better risk management, product-based margin requirements, and future trading products. We have also decided to streamline some of the associated margin features, updating and harmonizing margin terminology

1.We have decided to eliminate the “Choose your leverage” feature, i.e., 1:1, 2:1 & 2.5:1. Instead of this, we are implementing a “per-pair” leverage allowance. This will allow us to tailor the exposure based on the assets volatility. Virtually all users maximize this value, and since it is self-selected anyway, we have chosen to simplify our product by eliminating it.
2.We are also changing the way that we calculate “Tradeable Balance”. Currently, we do not consider the nature of a traders collateral when trading swaps, but that has lead to a loophole that allows a trader to effectively achieve 3.5:1 leverage by using BTC as collateral for a long BTC swap (most common example). While we are not particularly concerned about the effective leverage per se (see #3 below), we do, nonetheless want to harmonize risk management by considering any other collateral besides the one indicated by the pair (USD in the case of BTCUSD) as part of the allowing leverage for that position.
3.While we understand that #2 may impact some traders used to the “extra” leverage, we are counteracting its effects by increasing initial allowable leverage to 3.33:1. We are making this change in the context of making the following changes the margin terminology and parameters.
1.We will be changing any mention of “Leverage” to “Initial Margin” and representing it as a percentage instead of a ratio, which means that leverage of 2.5:1 would be represented as 40%. The new leverage of 3.33:1 will be shown as an Initial Margin of 30%.
2.Maintenance Margin will be increased slightly to 15% and will be fixed to be always be half of the Initial Margin for any giving swaps product.
3.These changes will allow us to easily adjust the margin parameters for a given swap pair to reflect marketplace realities as well as give us the ability to introduce future products that, for example, may be substantially less volatile, requiring less margin to trade. For the time being, 30%/15% margin parameters will be the same for all swap products.
The net effect of trader behavior and existing positions will be negligible and we look forward to delivering on the possibilities and new opportunities created by these changes. These changes will go into effect on Monday, August 18, 2014 at 00:00 UTC.

Thank you for choosing Bitfinex. We take the trust you place in us seriously, and are always striving to provide the fairest, and most cutting-edge platform in order to enable our customers trading needs.

Regards,
The Bitfinex Team
https://www.bitfinex.com/

Good bye.... doggie bird!!!!!!

Don't forget the payment processing companies Coinbase and BitPay. Despite Bitcoin being an open and transparent system, we have no idea how many coins transfer hands unfortunately.

O.k.  Have a good life!!!!!!  BYE now...

Bye, Bye!!!!!!!!!

I just went full bull retard. I bought 10 BTC worth of LTC! Let´s see how that works out, lol.

Yes I was looking at the hourly from the drop and until now. I agree that it is too early to take this divergence seriously. I would however buy at this level regardless of indicators because there has been good support here in the past.

Exactly - thus: price manipulation.  It is in their interest and with such low volume and lack of volume buyers 'on-market' it is too easy.

I've thought about this theory for quite a while now. The only thing I can't figure out is how many coins they are buying from miners. The most they can buy from a large mining group that doesn't pay out its individual pool members is under 800 coins a day. So why dump so much to only get 800 coins for such a small discount?

+1 This is what I have been saying too.

Come on bears! Why leave all those coins stacked up to 600 if we are only going down from here? Go ahead and dump those too you pussies. Weak attempt at panic, weak attempt at long squeeze. Do the right thing and be a weak hand and give us all your cheap coins. I mean you obviously don't need them if we are only going down from here.

Wake me up when we are under 500, this is just some dumb money bear having a temper tantrum!

occam's razor says no.

I just wrote a PM to ShroomsKit asking some questions about the current situation, however the reply came from falllling??

I won't disagree with that if you're looking at the exchange market.

But what happened when the Feds sold the tranches of coins..?  Over subscribed massively.

Large miners are selling off market, and large buyers are buying, don't doubt that.  I am not screaming about 'whales' and 'manipulators' - just being nostalgic for when the exchanges were the entire market, which is no longer the case.

Good thinking and i thought the same,too.