Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30924.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: gizmoh on December 18, 2013, 04:46:35 AM

This might be the bottom, for a while at least.. as everyone expects 300-400, so bottom is usually higher..
Remember all the Fiat thats sitting on the exchanges, when its gonna bounce its gonna bounce hard Roll Eyes

I think people are readjusting their opinions at the moment. I think it will reasonable to assume the market is going to fall perhaps to the 2xxs before this is said and done. A market doesn't just recover from something like this. This news is like the Gox issues in April, except that it could drag out for weeks (end of January). Bitcoins will be coming to non-China exchanges to be sold. That is a fact.

Every bit of bullishness needs to be rung out of this market before it recovers.

BY THE WAY, you must have picked your reentery point. You are bullish all of a sudden.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: gizmoh on December 18, 2013, 04:52:45 AM

Quote from: 600watt on December 18, 2013, 04:50:02 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

Nope because Adam is an ubber bull in total denial..180 by Friday i say Grin

that or eurozone bail in and we go to 1k again

hmmmstrange

hero member

Activity: 669

Merit: 500

Let the news begin.......

http://www.bloomberg.com/news/2013-12-18/btc-china-says-it-can-t-accept-new-deposits-for-bitcoin-trading.html

Loaded

full member

Activity: 135

Merit: 113

whale eater

Quote from: hmmmstrange on December 18, 2013, 04:43:33 AM

Quote from: Loaded on December 18, 2013, 04:36:51 AM

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

I will move to China and follow Bobby around with a briefcase full of cash for you. My fee per day would be less then what you consider bitcoin dust.

I would like to slap a couple people with a briefcase full of cash while I'm there.

Quote from: User705 on December 18, 2013, 04:47:07 AM

Quote from: mb300sd on December 18, 2013, 04:43:14 AM

Quote from: User705 on December 18, 2013, 04:39:39 AM

Quote from: Loaded on December 18, 2013, 04:36:51 AM

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue? If anything it will create more of it by putting in more capital bottlenecks. The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk. What happens when those leveraged counterparties don't deliver the BTC and that will happen. Currently at least on the exchanges you more certain the bitcoins you are buying exist.

Those counterparties would have to have a billion in holdings as a minimum in order to support multiple clients.

jl2012

legendary

Activity: 1792

Merit: 1121

Quote from: User705 on December 18, 2013, 04:47:07 AM

Quote from: mb300sd on December 18, 2013, 04:43:14 AM

Quote from: User705 on December 18, 2013, 04:39:39 AM

Quote from: Loaded on December 18, 2013, 04:36:51 AM

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue? If anything it will create more of it by putting in more capital bottlenecks. The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk. What happens when those leveraged counterparties don't deliver the BTC and that will happen. Currently at least on the exchanges you more certain the bitcoins you are buying exist.

If the counterparty is some big player (not some dodgy platform at BVI), the risk is not higher than any traditional leverage trading. Isn't it?

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: 600watt on December 18, 2013, 04:50:02 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

Nope because Adam is an ubber bull in total denial..180 by Friday i say Grin

mellowyellow

member

Activity: 112

Merit: 10

Quote from: Davyd05 on December 18, 2013, 04:48:05 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

You're right - sorry

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: seleme on December 18, 2013, 04:49:25 AM

Quote from: Davyd05 on December 18, 2013, 04:48:05 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

but, but, mirsad told me it's gonna be double digits, I don't care about >540 Cheesy

You sold above 1000$. Good.
Now you can buy the same bitcoind and still have 50% fiat.

Love this dips.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: 600watt on December 18, 2013, 04:50:02 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

So is the party still planned for Spring? Grin

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Davyd05 on December 18, 2013, 04:48:05 AM

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

but, but, mirsad told me it's gonna be double digits, I don't care about >540 Cheesy

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: jl2012 on December 18, 2013, 04:42:47 AM

Things look similar to April.

On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32

Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.

On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266

Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low

Do the underlined figures look very similar?

For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.

jl2012, "this time it's different"

No really, it is. The system is adjusting to this news from China. It won't just blow over in a few hours. Buyers will wait to see what happens. This is precisely what happened when bad news dribbled out of China over the past few weeks. Bad news. Big dump. Calm. Big dump. Calm. Bad news, etc. Of course this is all just speculation, but this is how I see things. Time will tell.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: seriouscoin on December 18, 2013, 04:47:33 AM

Quote from: ajax3592 on December 18, 2013, 04:46:12 AM

$425 on CNY, that means trend is still downwards Undecided

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

Thing is, official can buy cheap and dump on stamp. Ah the beauty of the coin..

User705

legendary

Activity: 896

Merit: 1006

First 100% Liquid Stablecoin Backed by Gold

Quote from: seriouscoin on December 18, 2013, 04:47:33 AM

Quote from: ajax3592 on December 18, 2013, 04:46:12 AM

$425 on CNY, that means trend is still downwards Undecided

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

so is goxbux

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: mellowyellow on December 18, 2013, 04:45:20 AM

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: ajax3592 on December 18, 2013, 04:46:12 AM

$425 on CNY, that means trend is still downwards Undecided

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

User705

legendary

Activity: 896

Merit: 1006

First 100% Liquid Stablecoin Backed by Gold

Quote from: mb300sd on December 18, 2013, 04:43:14 AM

Quote from: User705 on December 18, 2013, 04:39:39 AM

Quote from: Loaded on December 18, 2013, 04:36:51 AM

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue? If anything it will create more of it by putting in more capital bottlenecks. The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk. What happens when those leveraged counterparties don't deliver the BTC and that will happen. Currently at least on the exchanges you more certain the bitcoins you are buying exist.

San1ty

sr. member

Activity: 462

Merit: 250

Recent days have been really boring. What's with the panic, as if this is the first "crash" we've ever seen.

XxionxX

sr. member

Activity: 254

Merit: 250

Digital money you say?

Thank God someone finally linked bitcoin message signing. I am on my phone and I couldn't articulate it fast enough.

gizmoh

legendary

Activity: 1428

Merit: 1000

This might be the bottom, for a while at least.. as everyone expects 300-400, so bottom is usually higher..
Remember all the Fiat thats sitting on the exchanges, when its gonna bounce its gonna bounce hard Roll Eyes

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