Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30272.

mellowyellow

member

Activity: 112

Merit: 10

Quote from: MatTheCat on January 17, 2014, 12:34:51 PM

Quote from: T.Stuart on January 17, 2014, 12:26:48 PM

You can tell the bears are getting panicky when all the triangles come out! Pythagoras must be rolling in his grave!

Cheesy

You are becoming more and more manic by the minute T.Stuart.

Having just read that it is possible to short Bitcoin on Bitfinex, I headed right over there to register and open an account. I then set about finding the option to short bitcoin. The Bitfinex site does not make this a very straightforward process, but I soon discovered the shorting option only to find that there is absolutely nobody interested in lending out Bitcoins to a short seller at this point in time.

Now what does that tell you?

(a big fkn queue of wannabe short-sellers and a distinct lack of ~~mugs~~ Bitcoin holders willing to loan out their Bitcoins to shorters chasing clear and obvious profits)

You do know the lenders also risk losing their coins if the shorts don't pan out?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Volume of BTC trade to/from USD and other national currencies (kBTC):

01/14 01/15 Bitstamp 12.3 8.2 BTC-e 9.8 7.2 MtGOX 6.4 4.7 BitFinEx 7.1 3.7 Bitcoin.DE 0.4 CaVirtEx 0.3 Kraken 0.3 CampBX 0.1 CryptoTrade 0.0 SUBTOTAL 35.6 24.9 Huobi 91.4 70.2 OKCoin 22.2 24.8 BTC-China 5.6 3.5 SUBTOTAL 119.2 98.5 TOTAL 154.8 123.4

Numbers collected by hand from the Bitcoinwisdom charts and added by hand, may be wrong.

They do not incluce trade between BTC and other cryptocoins such as LiteCoin.

The Coinbase volume is not available at Bitcoinwisdom.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: MAbtc on January 17, 2014, 01:11:13 PM

Quote from: humanitee on January 17, 2014, 12:21:34 PM

I am seeing a pattern in these triangles, the angles are very telling on each, they point to $180. We are massively overvalued right now.

Actually, I've been working with some pretty reliable Fibonacci fans whose channels point to Bitstamp hitting $0.00 within the month. Plan accordingly.

sweet i will be able to afford all the bitcoins!

actuly wait no...

i need like 0.0000 Undecided

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: humanitee on January 17, 2014, 12:46:01 PM

Checkmate bulls, downcrash confirmed.

LOL

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: humanitee on January 17, 2014, 12:21:34 PM

I am seeing a pattern in these triangles, the angles are very telling on each, they point to $180. We are massively overvalued right now.

Actually, I've been working with some pretty reliable Fibonacci fans whose channels point to Bitstamp hitting $0.00 within the month. Plan accordingly.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: manfred on January 17, 2014, 01:09:17 PM

There are some serious desperate people around chasing cheap coins
rpietila (missing in action)
fr33d0miz3r
proudhon
humanitee
ElectricMucus
Tera
DustyRah
...........which ever other account has been created in order to answer the own post
How long will the have to wait the get those cheap coins?

It's the usual suspects! Cheesy

manfred

legendary

Activity: 966

Merit: 1001

Energy is Wealth

There are some serious desperate people around chasing cheap coins
rpietila (missing in action)
fr33d0miz3r
proudhon
humanitee
ElectricMucus
Tera
DustyRah
...........which ever other account has been created in order to answer the own post
How long will the have to wait the get those cheap coins?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Chancellor

full member

Activity: 154

Merit: 100

Quote from: BitChick on January 17, 2014, 12:37:36 PM

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

FBI
I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

We have no panic sell yet. There may be one at the end of month, when this awaited "China government decision" will be finally issued, so for example Chinese exchanges will be shut down (or allowed to continue, who knows). FBI thing... well, as said numerous times FBI will not just dump these bitcoins at gox... They will be sold "out of the market", at least not thrown directly into the market. Also when we compare these 29,000 BTC to Chinese part of a daily volume, well. I agree however that FBI event has very positive marketing effect, especially in the USA. Hovever I'm located in Europe, so my perspective differs.

smishaaa

newbie

Activity: 14

Merit: 0

PANIC

deadfi$h

full member

Activity: 125

Merit: 100

Quote from: MatTheCat on January 17, 2014, 12:34:51 PM

Quote from: T.Stuart on January 17, 2014, 12:26:48 PM

You can tell the bears are getting panicky when all the triangles come out! Pythagoras must be rolling in his grave!

Cheesy

You are becoming more and more manic by the minute T.Stuart.

Having just read that it is possible to short Bitcoin on Bitfinex, I headed right over there to register and open an account. I then set about finding the option to short bitcoin. The Bitfinex site does not make this a very straightforward process, but I soon discovered the shorting option only to find that there is absolutely nobody interested in lending out Bitcoins to a short seller at this point in time.

Now what does that tell you?

(a big fkn queue of wannabe short-sellers and a distinct lack of ~~mugs~~ Bitcoin holders willing to loan out their Bitcoins to shorters chasing clear and obvious profits)

I think the margin system is temporarily down. Notice there's no long or short margin available? The interest rate on the short margin is also 0.02% which is very low. That would rise to over 1% before there was truly no margin available.

I got my short order in this morning and am currently riding out the storm Cheesy

Edit:
Margin appears to be working again. This is what I'm seeing...
Available Long - 1625.26 BTC at 0.42 to 0.73%/day
Available Short - 2437.99 BTC at 0.01 to 0.03%/day

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Bitcoin crashing? Dogecoin users unaffected! http://coinmarketcap.com/doge_30.html

bambou

sr. member

Activity: 346

Merit: 250

Quote from: BitChick on January 17, 2014, 12:42:07 PM

Quote from: bambou on January 17, 2014, 12:39:08 PM

Quote from: BitChick on January 17, 2014, 12:37:36 PM

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

Quote from: bambou on January 17, 2014, 12:15:07 PM

seems we are not going back over 800 pretty much soon.

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

wanna bet? Grin

Nope. With Bitcoin it is wise not too. Wink

It could go either way for sure!

haha yeah thats quite true Cheesy

damnek

hero member

Activity: 614

Merit: 500

No follow-through to the downside at all..

humanitee

hero member

Activity: 1302

Merit: 502

Checkmate bulls, downcrash confirmed.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: BitChick on January 17, 2014, 12:37:36 PM

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

Quote from: bambou on January 17, 2014, 12:15:07 PM

seems we are not going back over 800 pretty much soon.

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

Hodling Bitcoiners are becoming hard as nails!

It's written all over the charts post-bubble. It's all down to the fact that everyone and his dog knows things are growing faster than ever.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: bambou on January 17, 2014, 12:39:08 PM

Quote from: BitChick on January 17, 2014, 12:37:36 PM

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

Quote from: bambou on January 17, 2014, 12:15:07 PM

seems we are not going back over 800 pretty much soon.

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

wanna bet? Grin

Nope. With Bitcoin it is wise not too. Wink

It could go either way for sure!

pietje

full member

Activity: 224

Merit: 100

I use to be bullish, but dont really see anything happening this weekend.

bambou

sr. member

Activity: 346

Merit: 250

Quote from: BitChick on January 17, 2014, 12:37:36 PM

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

Quote from: bambou on January 17, 2014, 12:15:07 PM

seems we are not going back over 800 pretty much soon.

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

wanna bet? Grin

edit: to me, it is just the confirmation of a downtrend. the market is overvaluating bitcoin whislt anticipating every single good news and it knows it, hence the correction drop to sub800.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: Chancellor on January 17, 2014, 12:19:16 PM

Quote from: bambou on January 17, 2014, 12:15:07 PM

seems we are not going back over 800 pretty much soon.

I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them.

I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week.

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