Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27045. (Read 26709087 times)

monkey says it goes up intraday $9 more.  he called the bottom nicely but i was busy so i couldn't report it.  sorry.
on the daily chart, he sees support at 444.

I don't think they make inflatable GI Joes.  

Those factors seem to be completely arbitrary. I think the argument can be made that some of the exchanges fake their order book to inflate their apparent volume, in order to appear more liquid than they are, but that argument could be made for btc-e and a lot of the altcoin exchanges too.

The exchanges that run without fees should be expected to get a much larger volume of all trades, since you can dump large walls and buy back $1 later. So if you've arrived at the same volume for western and eastern exchanges, I think your discount factor is too big.

I'm sure someone more mathematically inclined could at least do a preliminary analysis of the order books so find out how much is "too" random, or if many trades have a common divisor, or other obivous methods. I doubt the cheating is very sophisticated. Has someone done this?


I believe I read some representative from Finex somewhere saying "we will begin to slowly cut our ties to Stamp, so I think you are completely right there. They still push a lot of trades onto Stamp's order book. The question is how much.


A bit arbitrary, don't you think?

One thing I like about bears -- they're always looking forward to an opportunity to buy.
Unlike bulls, who are mostly looking for an opportunity to sell.

Yeah,... .he he he.. the reality of the situation.    

You did forget about the blow-up doll ("friend")        OH>>>> EDIT.... That must have been your reference to "Betsy Wetsy."   

its hard to resist the urge to buy

It might look arbitrary, but it's well defined. Sort of.

I'll say this much: I look at a daily metric across exchanges an "normalize" volume accordingly. Like I said, I'm not 100% convinced myself it's the right way to calculate it, but I recently had a preliminary idea how to test the method, and will do so if I have the time to calculate it through and run the test. I'll make a post once that happens.

hehehehe... I know I was a bit torn about whether to respond.      

If someone would want to discredit BTC, then all he has to do, is to point out this thread.
The new elite! 

Hopefully this is the double bottom everyone has been waiting for then...to the moon!

Fonzie's assets?

Let me guess... 1 slingshot, 3 Pokemon cards, 1 yoyo, 2 GI Joe dolls, a Betsy Wetsy action figure and an iPhone.

Maybe his mommy also bought him a Schwinn.

 

Time to buy!

That's quite commendable of you JayJuanGee to actually try and have a conversation with Trollzie, instead of just telling him to fuck off.

I am kind of flattered that a seemingly troll-tard, like you Fonzie, seems to be interested in my investment particulars.

I believe that it depends upon how a person such as me estimates my investments.  I do monitor my investments, but my means for assessing my particulars evolves... and my level of disclosure evolves.   

I have quite a variety of investments, and some of my investments are more liquid than others and some of my fiat comes available and is ready to be invested into something.. which in recent months, newly available investment fiat has mostly been going into BTC.

Probably only between about 5-10% of my current mostly liquid investments are in bitcoin.  A large majority of my newly investment available fiat is going into BTC (attempting to acquire BTC somewhat strategically on the dips).  If BTC appreciates in value faster than my other assets, then it will take on a larger percentage of my total liquid portfolio.  I may diversify out of BTC on some sudden spurts upward (if such were to occur in the next 6 to 36 months) in order to increase my overall BTC holdings, but I expect that if BTC values appreciate faster than my other quasi-liquid holdings, I will allow BTC to occupy a larger percentage of all my quasi-liquid investments. 

I am somewhat doubtful that the proportion of my total liquid holdings would get above 70% in BTC, but never say never.  We have to see how BTC prices play out in the upcoming years, and if there were sudden appreciations in BTC, then likely I would allow it to occupy a greater portion of my liquid assets.

On the other hand, if BTC prices remain flat or decrease in value in comparison with my other quasi-liquid investments, I may reconsider the percentage of new fiat that I am putting into BTC. 

Nonetheless, in the near term, I am planning to continue to invest into BTC, and even without considerable appreciation in BTC prices, I expect that BTC may come to clearly occupy 10% or even more of my total liquid investment holdings.  I am continuing to assess and consider my strategy(ies) in this regard.


How about you, Fonzie?  What is your investment into BTC as compared with other assets?  What kinds of percentages do you have?  How do you consider your  BTC holdings, as compared with other kinds of assets that you hold or control?

can someone explain me what the swaps are and why they are significant?

I'd guess most bitfinex money comes in via BTC.  So borrow the USD but don't buy coin.  Puts temporary downward pressure on the price as people sell BTC to loan USD to you.   Its AS IF a manipulator sold coin but only costs 1-2% of the value of the coin, and you don't have to go short when you are bullish on bitcoin and about to bit on a block of 3000.  I'm not saying that somebody has been doing this for a month+... more likely just in the last week or two.  They are eating up all the leverage that gets unwound plus a little more.

I would not be surprised if this leverage unwinds a bit after the auction.  Although if I'm right, releasing the USD back to the owners might encourage them to buy a bit (if only to get out of BFX or b/c the price is low), sparking a rally that would encourage actual leverage.

Explanation

How much longer until you´re 100% invested in Bitcoin? Which is the destiny of every delusional bulltard...  

Crashing to $80 or even to sub$450 seems to be a lot less likely than rallying to $700 plus and then staying above $700 for a considerable amount of time.  I will grant you however that the next about 36 hours could likely continue to be fairly bearish and there could be some downward momentum, pressures, yet that is NOT certain, and with current news and momentum, I do NOT see below $500s in that time-frame... But if we did see below $500 in the next 36 hours, I will hope that I have some fiat on hand in order to buy.