Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29006. (Read 26609743 times)
March 04, 2014, 06:33:57 PM
I think we see one more push towards $700. It won't break. Then we realize some of this downside pressure...
March 04, 2014, 06:33:53 PM
Quote
The uncomfortable fact for Bitcoin believers is that every major prediction they've made has yet to come true. And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.
http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html
ouch!
to the moon!
March 04, 2014, 06:33:08 PM
the bank accounts are in slovenia Roll Eyes
needless to say your money is safe there.
needless to say your money is safe there.
I can confirm it's safe, we (taxpayers) paid for recapitalization of banking sector. It's enough, for now...
March 04, 2014, 06:30:50 PM
There's that analyst on here who says that the waves on the chart right now are twice as long as the waves in 2013. If that's true, this might have not have been the final capitulation, but rather the 'second crash' (like the crash to 78). Then the final capitulation would start in a month from now and go to 500 or so. Then we would be trading against the real trendline and not this elevated trendline.
March 04, 2014, 06:29:32 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
wait. Is China north or south from Mexico?
china is south of mongolia which is parallel to greenland so south.
I'm confused now. IS CHINA IN ASIA OR NOT!?!?
March 04, 2014, 06:27:43 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
wait. Is China north or south from Mexico?
china is south of mongolia which is parallel to greenland so south.
March 04, 2014, 06:27:22 PM
Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet.
Shouldn't you rather ask, where the hell the UK is? Bitstamp operates in the UK!
the bank accounts are in slovenia
needless to say your money is safe there.
March 04, 2014, 06:26:45 PM
If you were as rigorous about objectivity as you are quick to jump to straw man arguments I think you'd find people treated your research as the purely academic work that you claim it to be and would, accordingly be a good deal more respectful and less personal in their rebuttals.
bingo.
March 04, 2014, 06:26:44 PM
Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.
Anyway, the 'glitch' was just the begining.
All your bitcoins are belong to us.
According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.
I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia.
But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia."
You Americans are such fucktards sometimes
Wikipedia is a very useful tool. Like any info, if it is important you will cross check it with other sources.
My maps all have USSR on them
It says nothing about my formal education, it means only that I am old and don't really have any reason to study Europe. I have no idea what the current divisions in Africa are either. So? Be assured that I will learn what I need to know before I visit there, since it will probably change three more times before I get there in approximately... oh, never. Yeah, I've added this to my post:
Quote
And then there is that - we don't give a shit about anything that is out of America so we don't have to know about it (unless there's oil there :p)
BTW, you guys are obsessed with Russia. I got "is that Russia?" question many times when talking about two countries I live(d) in - Croatia and Bosnia. And that was pretty close after the wars there that were all over TV's around the world.
Erm, I don't have idea where it is, it must be in Russia
March 04, 2014, 06:26:21 PM
shorts on bfx are pushing down hard now. that means there's gonna be a squeeze.
could you dumb that down a bit for those of us who are unfamiliar with leverage and options?
seriously, bitcoin is the first time I have ever traded anything.
if 'shorts' are pushing down, does the 'squeeze' mean price spikes down? or up?
I really don't get this
Traders are borrowing coins on margin from Bitfinex and selling them into the market. These traders hope to buy them back cheaper in the future, return the borrowed coins, and pocket the difference. "Pushing down hard" means traders are borrowing additional coins and selling them into the market, thereby helping to push down the price.
There are presently 8,116 BTC on loan to short traders at Bitfinex. These traders are paying on average 27% per year in BTC to borrow them, and at some point in time they will buy them back because they aren't theirs to keep. If the price goes up instead of down, some may chose to buy back to minimize their loss, thereby adding fuel to the rally. At this point, other short traders may be running out of margin (they now have insufficient collateral to cover their mark-to-market losses on their short position) and Bitfinex will force them to cover, squeezing people out of their positions.
I'm not sure if this is true. People can borrow BTC for a very long time, especially if they are paying 27%/year and so long as they are either making money from the trading or through other activities. If they are making money from shorting they are likely to increase their positions (just like how the people going long have been increasing their positions). The people who have long positions aren't forced to close them, so why should the shorters?
March 04, 2014, 06:22:19 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
wait. Is China north or south from Mexico?
March 04, 2014, 06:21:28 PM
Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet.
Shouldn't you rather ask, where the hell the UK is? Bitstamp operates in the UK!
March 04, 2014, 06:20:39 PM
BTW, back to speculation...
Again, I don't have a bloody idea where is this heading.
Again, I don't have a bloody idea where is this heading.
$180 by Friday.
Adam, can you confirm this?
March 04, 2014, 06:20:32 PM
wow... chinese "wall guy" now?
March 04, 2014, 06:18:21 PM
BTW, back to speculation...
Again, I don't have a bloody idea where is this heading.
Again, I don't have a bloody idea where is this heading.
$180 by Friday.
March 04, 2014, 06:17:40 PM
BTW, back to speculation...
Again, I don't have a bloody idea where is this heading.
Again, I don't have a bloody idea where is this heading.
March 04, 2014, 06:14:35 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
March 04, 2014, 06:14:26 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
k, thx
March 04, 2014, 06:13:23 PM
China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China
March 04, 2014, 06:12:26 PM
I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia.
But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia."
You Americans are such fucktards sometimes
American news is lamentably bad at foreign affairs. And I mean really, really bad. In fact, even worse than that.
I think it's more about general education tbh. We don't have Vanuatu in news here ever but I've heard for it and know where it is.
Your colleges and specialized education is top notch but stuff below that is way below par in most of other parts of the World.
And then there is that - we don't give a shit about anything that is out of America so we don't have to know about it (unless there's oil there :p)
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