WE 
BTC
There you go
That looks more like back(ing force) than consecutive bottoms. BTCThere you go
Plus, that's hardly hairy.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30259. (Read 26708842 times)
January 17, 2014, 07:57:45 PM
Plus, that's hardly hairy.
January 17, 2014, 07:53:36 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange.
What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
Get off your high horse , american....?
Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already.
Is Tradehill better for you?
Oh and what about mining manufacture? Hashfast and BFL are what you're craving about?
WAT? Seriously. BTCE isnt shady?? No one even knows the people who RUN IT. Gox has proven to be a total joke, and the Chinese exchanges are running on technical loopholes in defiance of their government with zero trade fees. As for Slovenia the banking industry is shaky. SO GTFO euro scum.
January 17, 2014, 07:49:36 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange.
What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
Get off your high horse , american....?
Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already.
Is Tradehill better for you?
Oh and what about mining manufacture? Hashfast and BFL are what you're craving about?
January 17, 2014, 07:44:19 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange.
What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
January 17, 2014, 07:43:21 PM
Where'd all the sellers go
Not seen a 10+ market sell on gox in about half an hour.
Not seen a 10+ market sell on gox in about half an hour.
January 17, 2014, 07:37:52 PM
And not a single hairy, male bottom. 
WE BTCThere you go
January 17, 2014, 07:37:11 PM
This pretty-much sucks... I've been waiting to buy in since Dec 17th when it hit $455 on Gox. I think we are still in the hysteria from the last price jump. So long as nothing significant is announced, interest will fade again for a short time. At least, that is what I am hoping.
I agree. Dang you supporters!
January 17, 2014, 07:34:22 PM
This pretty-much sucks... I've been waiting to buy in since Dec 17th when it hit $455 on Gox. I think we are still in the hysteria from the last price jump. So long as nothing significant is announced, interest will fade again for a short time. At least, that is what I am hoping.
January 17, 2014, 07:33:00 PM
WARNING!
Legit TA follows:
As you can see we have (multiple) bottoms therefore...
CCMF!
Legit TA follows:
As you can see we have (multiple) bottoms therefore...
CCMF!
And not a single hairy, male bottom.
January 17, 2014, 07:32:45 PM
True. Some people like volatility though. Isn't that why we're all investing in Bitcoin and not General Motors?
No dumbass, you're not investing shit. Welcome to my ignore, sick of your BS
Ugh oh, we've got a purist here.
The point still stands though, fast upwards price movement is still volatility. That's why bitcoin has attracted the investors that it has whether short or long term. There's a lot new and exciting about the technology but it wouldn't have gained anywhere near this much traction without the big increases in price aka volatility.
January 17, 2014, 07:32:25 PM
Fake wall, bull trap..... ay yai yai,....
January 17, 2014, 07:26:46 PM
WARNING!
Legit TA follows:
As you can see we have (multiple) bottoms therefore...
CCMF!
Legit TA follows:
As you can see we have (multiple) bottoms therefore...
CCMF!
January 17, 2014, 07:18:20 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorting is a neutral activity. When you short, you sell now and have to buy back in later within the amount of time you're able to borrow the underlying commodity. The media loves to jump all over shorters because short selling, like any selling, can push the price down. Those same sellers are forced to buy back in though, potentially causing a bounce or creating a bottom, reversing the initial price movement.
Traders like me love the ability to short because it allows you to profit regardless of which direction the market is moving. The only thing that matters then is the percentage that the price is moving whether up or down because that is your potential profit.
Market looks strong -> buy
Market looks weak -> short.
Shorting is only helpful when it is profitable. If the shorters are incorrect, it leads to a short squeeze which adds volatility.
True. Some people like volatility though. Isn't that why we're all investing in Bitcoin and not General Motors?
No dumbass, you're not investing shit. Welcome to my ignore, sick of your BS
January 17, 2014, 06:56:15 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorting is a neutral activity. When you short, you sell now and have to buy back in later within the amount of time you're able to borrow the underlying commodity. The media loves to jump all over shorters because short selling, like any selling, can push the price down. Those same sellers are forced to buy back in though, potentially causing a bounce or creating a bottom, reversing the initial price movement.
Traders like me love the ability to short because it allows you to profit regardless of which direction the market is moving. The only thing that matters then is the percentage that the price is moving whether up or down because that is your potential profit.
Market looks strong -> buy
Market looks weak -> short.
Shorting is only helpful when it is profitable. If the shorters are incorrect, it leads to a short squeeze which adds volatility.
True. Some people like volatility though. Isn't that why we're all investing in Bitcoin and not General Motors?
January 17, 2014, 06:50:49 PM
http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good
ETF review going smoothly, once it is approved we can properly short!
ETF review going smoothly, once it is approved we can properly short!
I thought too much shorting hurt the price in the long run?
Shorting is a neutral activity. When you short, you sell now and have to buy back in later within the amount of time you're able to borrow the underlying commodity. The media loves to jump all over shorters because short selling, like any selling, can push the price down. Those same sellers are forced to buy back in though, potentially causing a bounce or creating a bottom, reversing the initial price movement.
Traders like me love the ability to short because it allows you to profit regardless of which direction the market is moving. The only thing that matters then is the percentage that the price is moving whether up or down because that is your potential profit.
Market looks strong -> buy
Market looks weak -> short.
Shorting is only helpful when it is profitable. If the shorters are incorrect, it leads to a short squeeze which adds volatility.
January 17, 2014, 06:45:35 PM
MtGOX has a lot of transactions of 0.01 BTC that bounce randomly in the gap ("spread") between the lowest ask and the highest bid. Here is a short sample, copied earlier today from the Bitcoinwisdom page:
The times are UTC.
The blue dots are all the transactions of exactly 0.01 BTC in those ~10 minutes. There are 155 transactions, or about 15 per minute, adding to 1.55 BTC. At this rate, they will add up to 216 BTC per day.
The red dots are all the other transactions. The dot's area (above a certain minumum area) is proportional to the transaction's volume; the total volume is ~18 BTC, largest ones are about 2 BTC each.
I presume that those "ping-pong" transactions are generated by the exchange itself. I wonder what could be their purpose? To make the spread visible? To avoid empty intervals in the charts?
January 17, 2014, 06:44:03 PM
price will expode after 31.1. - when the fear of the china sell off is over.
i recommend you to not miss this train
i recommend you to not miss this train
January 17, 2014, 06:38:22 PM
The Wall Observers of Bitcoin come to Bollywood.
http://www.grapheine.com/bombaytv/pub-en-71c90a4e81a570bf736a0e3d69d601f9.html
http://www.grapheine.com/bombaytv/pub-en-71c90a4e81a570bf736a0e3d69d601f9.html
January 17, 2014, 06:37:54 PM
I would realy laugh, if after selloffs and rebuys in the western exchanges (for nothing), china wakes up and starts to sell hard.
Massive Mtgox Support wall of 661 @ $875. Probably fake but we'll see. If Huobi hits 4.600 after waking up that wall will probably be destroyed instantly.
Fake or not. Walls or only hummocks.
But realy: I'm the only one on this board who does not know what will happen next ;-)
No you're not
Whoever knows what will happen next has better things to do than be on this board.
They all know! You're not reading the comments?
Only a few idiots like you and me are admiting that they don't know ;-)
January 17, 2014, 06:06:05 PM
Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
What if they buy?
Option #2 Claim that you rebought at the (insert minimum price market hit after you claimed you sold)
Option #3 Go into the shadows and just watch all the CCMF posts
Option #4 Rebuy and HODL
I would probably wait because that would throw us back into uncertainty. I'm watching for another leg down on the selling but I'm not sure how much we have left before needing to consolidate. I'm all for a raging bull market but that isn't the current situation. Best I can hope for is a raging bear market.
I hold no position right now so who cares which way China sends the market? They should wake up in about an hour and have an opinion on the current situation one way or another
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