Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26505.

adamstgBit

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Quote from: JayJuanGee on August 04, 2014, 01:16:53 PM

Quote from: adamstgBit on August 04, 2014, 09:26:20 AM

shit i only got 0.1BTC bid filled.

i need way more...

if someone could dump +1K coins that would be gr8 thanks

"Way more" = 1.9btc? Cheesy

no?

but i'd be happy with 2BTC.

and ya 2BTC = way more then 0.1BTC

rich poeple... pfff

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on August 04, 2014, 09:26:20 AM

shit i only got 0.1BTC bid filled.

i need way more...

if someone could dump +1K coins that would be gr8 thanks

"Way more" = 1.9btc? Cheesy

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: BitChick on August 04, 2014, 08:23:06 AM

Quote from: fonsie on August 04, 2014, 07:53:26 AM

Quote from: mooncake on August 04, 2014, 07:40:46 AM

Quote from: BitChick on August 04, 2014, 07:28:23 AM

So, I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders? It seemed that there were some large purchases of coins made at the end of their work day on Friday! If this is the case, then perhaps today we will see the same thing in a few hours? (or at the end of each work day from this point) I am hoping! Grin

I was thinking the same. Grin

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

I only read that they will begin "trading" in September. So this could be an accumulation time frame before the coins can be sold. I wish that GABI was a little more transparent about what they are doing. I don't like speculating this much. Undecided

It does NOT seem to be too much in the interest of GABI to be transparent about their acquisition of BTC strategy - unless they have already acquired their holdings, which it seems from their already made disclosures that they had NOT acquired their holdings, as of a couple of weeks ago.

Marbit

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Quote from: ensurance982 on August 04, 2014, 12:24:55 PM

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

Trying to make rhyme or reason of it will do you no good. The magnitude of these rises/falls is what matters, not when they take place on average.

ChartBuddy

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Explanation

JorgeStolfi

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Quote from: ensurance982 on August 04, 2014, 12:24:55 PM

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

Both may be right... Friday 7:30 am in China is Thursday 22:30 in London (BST), Thursday 19:30 in NY (EDT) , Thursday 16:30 in San Francisco (PDT)...

ensurance982

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Trust me!

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

Torque

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Quote from: bigasic on August 04, 2014, 12:18:45 PM

While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Good idea. I actually can't wait for the day when bitcoin is available for payment on both Amazon and EBay. Both of those sites constitute about 90% of my online purchasing, and I would buy back most if not all the bitcoin I would use on those sites. Hopefully PayPal will just buy Coinbase outright some day, and integrate directly with PayPal, problem solved.

Marbit

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Quote from: bigasic on August 04, 2014, 12:18:45 PM

While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Do they offer any discounts for using BTC? Just wondering. I can get cash back rewards for using my credit card to pay for that type of thing. Not that I don't want to support BTC (though I'm not sure spending via Coinbase supports BTC or not)....

bigasic

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While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Habeler876

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Bed time in China. We seem to top around bed time and go sideways for the next 8 hours usually. See how this goes when they wake up. Tongue

ensurance982

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Trust me!

Is there any TA term for the nice little spike to $596 on Stamp? It went back pretty quickly, and I really hoped it would go higher during the small rallye!

ensurance982

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Trust me!

Quote from: fonzie on August 04, 2014, 10:25:23 AM

It´s pretty unusual to go up 100$ in an hour, so everybody relax! Bubble mode is still a few weeks away, but we´re about to climb steadily to 800$ now. If even a bull like Adam hasn´t bought fully back in, imagine how many more seeded buyers are still out there waiting to throw their money in.

I hope so, as well. But keep in mind that a lot of people are already in more than it is reasonable. They may even have leveraged long positions and are sweating like mad these days. On the other hand, the same goes for the shorts, I guess Cheesy

ChartBuddy

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Explanation

Wandererfromthenorth

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Quote from: bjornw on August 04, 2014, 11:43:56 AM

Quote from: Wandererfromthenorth on August 04, 2014, 10:56:13 AM

Quote from: Sandia on August 04, 2014, 10:40:02 AM

There are 10X more leveraged longs than shorts.

http://www.bfxdata.com/sentiment/longshort.php

No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!!
That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts.

The chart you are supposed to look at is this (the second one from the top):
http://www.bfxdata.com/combined/btc.php

You can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low.
A lot more shorts than longs Wink

Actually both charts display more or less the same information. The big difference between the 2 is that the short positions (i.e BTC+LTC swaps opened / total sum of swaps in BTC and LTC ) in the http://www.bfxdata.com/sentiment/longshort.php charts are represented in USD Value so you can compare the absolute value of long vs short positions. The charts on http://www.bfxdata.com/combined/btc.php can be a bit misleading as you are comparing charts in different scales (5k BTC vs 30 000k USD) Sandia is actually correct in observing there are ~10x more long positions (29.8 million USD worth long Swaps vs 3.6 Million USD worth BTC+LTC short Swaps)

To make things clear, I'm the creator of the charts so I'm quit sure this is the way you should read the charts Wink

Oh ok, thank you for the clarification! I see now.
Learned something today Grin

bjornw

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Quote from: Sandia on August 04, 2014, 11:47:53 AM

I am looking at "BTCUSD Price combined with total sum of ACTIVE BTC and USD SWAPS" chart that says there are currently 5300 btc shorted, and 29.9M USD long (over 50k btc). Pay attention to the axis on the right of the graph.

you're right Sandia

Sandia

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Quote from: Wandererfromthenorth on August 04, 2014, 10:56:13 AM

Quote from: Sandia on August 04, 2014, 10:40:02 AM

There are 10X more leveraged longs than shorts.

http://www.bfxdata.com/sentiment/longshort.php

No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!!
That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts.

The chart you are supposed to look at is this (the second one from the top):
http://www.bfxdata.com/combined/btc.php

You can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low.
A lot more shorts than longs Wink

I am looking at "BTCUSD Price combined with total sum of ACTIVE BTC and USD SWAPS" chart that says there are currently 5300 btc shorted, and 29.9M USD long (over 50k btc). Pay attention to the axis on the right of the graph.

bjornw

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Quote from: Wandererfromthenorth on August 04, 2014, 10:56:13 AM

Quote from: Sandia on August 04, 2014, 10:40:02 AM

There are 10X more leveraged longs than shorts.

http://www.bfxdata.com/sentiment/longshort.php

No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!!
That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts.

The chart you are supposed to look at is this (the second one from the top):
http://www.bfxdata.com/combined/btc.php

You can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low.
A lot more shorts than longs Wink

Actually both charts display more or less the same information. The big difference between the 2 is that the short positions (i.e BTC+LTC swaps opened / total sum of swaps in BTC and LTC ) in the http://www.bfxdata.com/sentiment/longshort.php charts are represented in USD Value so you can compare the absolute value of long vs short positions. The charts on http://www.bfxdata.com/combined/btc.php can be a bit misleading as you are comparing charts in different scales (5k BTC vs 30 000k USD) Sandia is actually correct in observing there are ~10x more long positions (29.8 million USD worth long Swaps vs 3.6 Million USD worth BTC+LTC short Swaps)

To make things clear, I'm the creator of the charts so I'm quit sure this is the way you should read the charts Wink

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Wandererfromthenorth

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Quote from: Sandia on August 04, 2014, 10:40:02 AM

There are 10X more leveraged longs than shorts.

http://www.bfxdata.com/sentiment/longshort.php

No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!!
That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts.

The chart you are supposed to look at is this (the second one from the top):
http://www.bfxdata.com/combined/btc.php

You can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low.
A lot more shorts than longs Wink

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