Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26933.

tarmi

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Quote from: TheJuice on July 05, 2014, 06:50:38 AM

Quote from: tarmi on July 05, 2014, 06:47:52 AM

bitfinex trying to push up again.

man, feels like those gox bucks coming out of nowhere again.

Do we believe the CNY volume? Seems like thats the market to watch

we already talked about inflated volumes in China zillion times.

I am more concerned about USD swaps going up again on bitfenix.

TheJuice

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Quote from: tarmi on July 05, 2014, 06:47:52 AM

bitfinex trying to push up again.

man, feels like those gox bucks coming out of nowhere again.

Do we believe the CNY volume? Seems like thats the market to watch

tarmi

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bitfinex trying to push up again.

man, feels like those gox bucks coming out of nowhere again.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: Spaceman_Spiff on July 05, 2014, 06:17:37 AM

Quote from: iram3130 on July 05, 2014, 06:05:23 AM

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

I still think we focus here only for Bitcoin Speculation/trading/discussion, not other altcoins because then this thread will become all shitcoin news thread.

Ok, maybe you are right. I'll stop it too.

Thanks to understanding, when I come here to see, I read always 2-3 pages to understand what is talking here, sometime so many fuder just want to drop price or panic the community, so it's always interesting to read here about bitcoin.

Spaceman_Spiff

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Quote from: iram3130 on July 05, 2014, 06:05:23 AM

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

I still think we focus here only for Bitcoin Speculation/trading/discussion, not other altcoins because then this thread will become all shitcoin news thread.

Ok, maybe you are right. I'll stop it too.

magicmexican

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Quote

I still think we focus here only for Bitcoin Speculation/trading/discussion, not other altcoins because then this thread will become all shitcoin news thread.

Agree, i wont do it anymore. Its just btc now is very boring, i am just looking where the action is.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

I still think we focus here only for Bitcoin Speculation/trading/discussion, not other altcoins because then this thread will become all shitcoin news thread.

Spaceman_Spiff

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Quote from: JustBetweenUs on July 05, 2014, 06:00:30 AM

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

I'm interested in shorting LTC and DOGE too. Let me know if you find something.

LTC is easy: Bitfinex. I initially set up a short in january, but I closed it down because I was scared of big spikes due to low liquidity that would cause me to liquidate. Should have kept it Embarrassed

. Made a nice 10% a few days ago though.

Parazyd

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Space Lord

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

You could check out coinswap.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JustBetweenUs

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bitcoin is not a bubble, it is the pin

Quote from: Spaceman_Spiff on July 05, 2014, 05:57:14 AM

Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

I'm interested in shorting LTC and DOGE too. Let me know if you find something.

Spaceman_Spiff

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Quote from: iram3130 on July 05, 2014, 05:51:52 AM

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading.

By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ?

iram3130

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Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: magicmexican on July 05, 2014, 05:03:47 AM

holy LTC pumps :O
Okcoin going nuts

This thread for Bitcoin not LTC, why you posted this here.

Spaceman_Spiff

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Merit: 1001

₪``Campaign Manager´´₪

Quote from: chriswilmer on July 05, 2014, 04:18:19 AM

Quote from: davidgdg on July 05, 2014, 04:12:23 AM

Quote from: medialab101 on July 05, 2014, 04:02:11 AM

Quote from: chriswilmer on July 05, 2014, 04:00:07 AM

Quote from: molecular on July 05, 2014, 03:37:40 AM

bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
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?

Is it really that incredible though? I mean... think about what it means to borrow bitcoins and pay back with interest. It's a very different commitment than borrowing US dollars!

Imho it has to do with the fact that there are few places to get your bitcoins to earn interest for you, while there are many places in the conventional financial system in which your fiat can get a return (bonds of all kinds, savings deposit). Furthermore, BFX is only known to the bitcoin world, and bitcoin people prefer to keep their money in BTC, as they believe the gains there through appreciation will be greater.
Also, shorting bitcoin (over the long-term) has been a losing strategy so far.

tarmi

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why would anyone borrow bitcoin except for speculation purposes?

davidgdg

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Quote from: chriswilmer on July 05, 2014, 04:18:19 AM

Quote from: davidgdg on July 05, 2014, 04:12:23 AM

Quote from: medialab101 on July 05, 2014, 04:02:11 AM

Quote from: chriswilmer on July 05, 2014, 04:00:07 AM

Quote from: molecular on July 05, 2014, 03:37:40 AM

bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
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?

Is it really that incredible though? I mean... think about what it means to borrow bitcoins and pay back with interest. It's a very different commitment than borrowing US dollars!

Agreed and interestingly, the BTC daily swap rate works out at 0.6% per year which is very close to the gold lease rate of 0.4% per year. So I get that part. But then why is the US dollar borrowing rate so insanely high?

dnaleor

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Quote from: rpietila on July 05, 2014, 03:13:19 AM

Quote from: dropt on July 05, 2014, 12:58:30 AM

700 is no different than 600. It's going to be the same uphill battle.

It will last the time it lasts. When it is over, it is over. And then the fun begins.

Don't sell now. But especially don't sell between 800->3000: that is a complete waste of money in a situation where there is no way except going up several times in a matter of weeks.

Unless you are using the SSS plan for a part of your bitcoin stash, like me Wink