Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33100.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: gandhibt on July 03, 2013, 01:16:31 PM

Quote from: NewLiberty on July 03, 2013, 01:11:02 PM

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.

Enter the leviathan, whales beware.

Any facts to back up your bullshit? If they buy the price to $50000 I think I'll be maybe selling...

More likely they will do what they did with gold. Though that was more expensive. They dumped about $28billion in a single block trade to break the market down, with an immediate loss of over $1B on the gap down in April.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Jozzaboy on July 03, 2013, 12:48:54 PM

Quote from: sarc on July 03, 2013, 12:44:18 PM

..

by the way, I love how your picture is so perfectly in tune with your forum personality.

Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Roll Eyes

Reminds me vaguely of this:

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: NewLiberty on July 03, 2013, 01:17:22 PM

Today you can go to http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts.

I see how I can buy, not how I can short...

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: fr33d0miz3r on July 03, 2013, 01:18:39 PM

Quote from: adamstgBit on July 03, 2013, 01:13:59 PM

I bought late last night, and now i wake up to cheaper coins! Grin

yup going to buy some more!

I love down trends

We are going down to $180? Grin

Adam, how many business days??

fr33d0miz3r

hero member

Activity: 518

Merit: 500

Quote from: adamstgBit on July 03, 2013, 01:13:59 PM

I bought late last night, and now i wake up to cheaper coins! Grin

yup going to buy some more!

I love down trends

We are going down to $180? Grin

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: adamstgBit on July 03, 2013, 01:13:59 PM

I bought late last night, and now i wake up to cheaper coins! Grin

yup going to buy some more!

I love down trends

I call it optimism Grin

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: Frozenlock on July 03, 2013, 01:13:27 PM

Quote from: NewLiberty on July 03, 2013, 01:11:02 PM

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.

Ok, say I want to short more than 1k BTC, where do I go?

Today you can go to http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts.

Frozenlock

sr. member

Activity: 434

Merit: 250

I see a bulls gathering.

https://bitcointalksearch.org/topic/i-am-fucking-panicking-249261

I knew there was still plenty of bulls.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: NewLiberty on July 03, 2013, 01:11:02 PM

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.

Enter the leviathan, whales beware.

Any facts to back up your bullshit? If they buy the price to $50000 I think I'll be maybe selling...

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

I bought late last night, and now i wake up to cheaper coins! Grin

yup going to buy some more!

I love down trends

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: NewLiberty on July 03, 2013, 01:11:02 PM

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.

Ok, say I want to short more than 1k BTC, where do I go?

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000. Whatever suits them, at will, whenever they like. And they can do it with their reserve banking partners, with as many billions of fiat as they need.

Enter the leviathan, whales beware.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Jozzaboy on July 03, 2013, 12:36:40 PM

Quote from: MAbtc on July 03, 2013, 12:35:16 PM

Quote from: Jozzaboy on July 03, 2013, 12:30:44 PM

In the mean time, I know most of you are in fiat right now so it is in your interest for me to sell my hoard.

Are people serious when they say this sort of stuff?

Why not? If I sell, the price comes down more. If their message affects more people, it keeps bringing down the price. Something something butterfly effect.

Everyone wants to buy in at the bottom.

This is just another rationalization. Helps that cognitive dissonance in a falling market. When bulls start threads about bitcoin reaching $10k in the middle of a downtrend, I don't worry about it too much either. Wink

I suppose maybe everyone here is trying to hose the noobs. Then again, I can't imagine the speculation forum has any effect on the market. I mean, are you some kind of whale? Who do you think you are, Jaroslaw? Wink

I would hope market makers in a market that is easily manipulated have better things to do than lurk on forums.

All the people that have been talking bear market since April/May -- and were correct -- they could have saved you a lot of money. The "you're trying to buy cheap coins!" argument only works if we're at the bottom. As the down channel continues, now into months and not weeks, it gets harder and harder to make. If I've had any motive other than boredom, it has only been to offset the perma-bulls. I have no coins to sell, and as soon as my bids fill, I am looking to exit.....

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: Its About Sharing on July 03, 2013, 12:46:25 PM

Quote from: Dalib on July 03, 2013, 12:39:22 PM

Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?

Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm.
But again, we are on levels where we could bounce violently. But I don't feel like gambling...

I think the buy it now is really like roulette. Unfortunately, the chances of gain less than the potential loss. I do not believe for a quick return of $ 90 (more than $ 7).

And if we fall it will take a few more weeks, the bottom maybe 25 - $ 50 below the current price.

Personally, suppose two options continuation of the trend:

1. fast "Crash" as in 2011 with 30 - 50 $ bottom.
2. "Correction" above SMA 200 (about $ 70) and above $ 50 minimum from April

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Miz4r on July 03, 2013, 12:51:35 PM

The 'problem' is that the current sell off is happening in slow motion. There is no panic selling going on at all, just a couple dumps over the course of a day and no real buying pressure to bring the price back up. This makes it hard to predict a bottom or a bounce, it could slide down for a while longer until bulls finally wake up.

Yes and if people with $$$ come back into the market the jump up will be explosive. But my bet is it will be sold into...

StarenseN

legendary

Activity: 2478

Merit: 1362

Quote from: Frozenlock on July 03, 2013, 12:54:06 PM

Wow. That's a bear.

Quote from: lucif on July 02, 2013, 05:13:03 AM

Are you drawing lines on a linear graph ? I mean REALLY ?

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: StarenseN on July 03, 2013, 12:54:59 PM

Quote from: Miz4r on July 03, 2013, 12:51:35 PM

The 'problem' is that the current sell off is happening in slow motion. There is no panic selling going on at all, just a couple dumps over the course of a day and no real buying pressure to bring the price back up. This makes it hard to predict a bottom or a bounce, it could slide down for a while longer until bulls finally wake up.

"Slow motion" it took 2 years for gold to do the same corrections (or what ever we call it).

This is bitcoin, what gold does in a year bitcoin does in a day or two.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: bito on July 03, 2013, 12:53:44 PM

Quote from: Jozzaboy on July 03, 2013, 12:48:54 PM

Quote from: sarc on July 03, 2013, 12:44:18 PM

Quote from: Jozzaboy on July 03, 2013, 12:41:05 PM

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

because....

by the way, I love how your picture is so perfectly in tune with your forum personality.

Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Roll Eyes

He might be referring to your attitude?

Yes, I don't get too worked up over little things like this. Pretty much guaranteed that BTC will rise above $100 in my lifetime so no sweat. I'm just collecting bitcoins in the mean time.

sarc

member

Activity: 98

Merit: 10

Quote from: Jozzaboy on July 03, 2013, 12:48:54 PM

Quote from: sarc on July 03, 2013, 12:44:18 PM

Quote from: Jozzaboy on July 03, 2013, 12:41:05 PM

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

because....

by the way, I love how your picture is so perfectly in tune with your forum personality.

Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Roll Eyes

wall street go-getter, obviously

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