Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26930. (Read 26719798 times)
July 05, 2014, 05:44:14 PM
gonna pop up soon. get your seatbelts on and prepare for liftoff.
July 05, 2014, 05:40:07 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
Hahaha, maybe people who read this forum on a Saturday?
(But I guess we're all bought in already
)hehe
I must say I don't remember when I bought some Bitcoins It is mostly because I am earning them from time to time and I haven't got money to buy and HODL
But I want to buy them everyday
doesn't matter is it Friday, Wednesday or Sunday July 05, 2014, 05:33:53 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
People who have contributed to the bid wall at $620 I guess
I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly. the stack of bids in front suggest you're being paranoid.
Yes, I think you are right about that
Edit: "Just because I'm paranoid doesn't mean they're not out to get me"
July 05, 2014, 05:28:30 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
People who have contributed to the bid wall at $620 I guess
I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly. the stack of bids in front suggest you're being paranoid.
July 05, 2014, 05:20:51 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
Hahaha, maybe people who read this forum on a Saturday?
(But I guess we're all bought in already
) July 05, 2014, 05:20:19 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
People who have contributed to the bid wall at $620 I guess
I have been a little concerned that the wall will suddenly get pulled. Then we will see $600 - $610 quickly. 
July 05, 2014, 05:14:46 PM
is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".
Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.
I know this feel.
July 05, 2014, 05:11:02 PM
is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".
Well it's a bit different cause there was no big crash like when silkroad closed. November was my first bubble, and I started feeling really bored. Then price started to go up. Few dollars each day. Then like 10 bucks per day, and I was thinking 'holy shee!'.
Then came a week when everyday I woke up to a new 3 digit level.
It's the best feeling ever.
July 05, 2014, 05:10:10 PM
i'd like to see some buys were pretty darn close to the launch pad line.
but who buys bitcoin on a saturday??
but who buys bitcoin on a saturday??
July 05, 2014, 05:06:46 PM
is this similar sort of price movement compared to post November bubble? cos for someone who hasnt been through a bubble its god damn nerve wrecking thinking "shit is it guna flop?".
July 05, 2014, 05:00:30 PM
July 05, 2014, 04:53:55 PM
12h macD freakin bad, i think testing 610-600 is pretty much inevitable at this point.
People are putting a lot of faith in that bid wall at $620 (or that buy pressure will resume, Stamps).
July 05, 2014, 04:08:15 PM
Anyone else here use tradingview?
July 05, 2014, 04:06:21 PM
bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long?
Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.
BTC swap rate demand is at 0.0016% (for going short on BTC)
USD swap rate demand is at 0.175% (for going long on BTC)
That's a hundred fold difference in interest rates. Incredible. Has it always been like this?
It's almost always been like this. There have been a couple times that BTC rates went up enough to be worthwhile lending. I have no clue why people are lending money out at 2% APR on Bitfinex - as that assumes a very low risk of hacking/fraud/regulation/bankruptcy. I'd estimate this risk at least at 5% or more.
Actually it's lower than that. It works out at 0.5% p.a. simple interest. Presumably there is no just no demand to go short on BTC. Not altogether surprising I suppose. Historically it hasn't been a great strategy.
The interesting question is whether the dollar interest rate earned by lenders justifies (1) the various solvency/hacking/regulatory risks and (2) the opportunity cost of lending out the dollars rather than buying BTC. I suppose it depends upon your expectations of what BTC will do in the short to medium term.
July 05, 2014, 04:00:31 PM
July 05, 2014, 03:55:20 PM
My GOD, altcoins are dropping something fierce.
Except for XC
July 05, 2014, 03:54:52 PM
My GOD, altcoins are dropping something fierce.
'cept cloak. check out the 2 & 4 hour bull pennant. gonna break up.
July 05, 2014, 03:42:33 PM
bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long?
Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.
BTC swap rate demand is at 0.0016% (for going short on BTC)
USD swap rate demand is at 0.175% (for going long on BTC)
That's a hundred fold difference in interest rates. Incredible. Has it always been like this?
It's almost always been like this. There have been a couple times that BTC rates went up enough to be worthwhile lending. I have no clue why people are lending money out at 2% APR on Bitfinex - as that assumes a very low risk of hacking/fraud/regulation/bankruptcy. I'd estimate this risk at least at 5% or more.
July 05, 2014, 03:39:59 PM
bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long?
This short spike happens as much as once a week. In this case it was someone who probably didn't realize that a bug (where they could borrow swap for a short period without paying interest) has been fixed.
The Flash Return Rate barely moved (and thus most people are unaffected).
July 05, 2014, 03:35:46 PM
My GOD, altcoins are dropping something fierce.
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