All posts made by Wings1987 in Bitcointalk.org's Wall Observer thread
1.
Post 11055244 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.10h):
Good catch. Nice 962 BTC buy at 238.01
2.
Post 11078928 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
ask side suddenly gone on finex
Agreed- first good news of the day!
3.
Post 11079293 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Interesting bot running on Finex. Is continually topping off buy order at 226.00 at 100 BTC and now moved up to 110 BTC.
Stopped all together after 5 mins. Never noticed something like that before. Probably just haven't watched long enough.
4.
Post 11087596 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Hate to interrupt all the bottom talk but looks like a lot of the resistance is gone. Good possibility of an advance. Just need a spark!
5.
Post 11087867 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Starting to look ugly if you ask me. If buying pressure does not pick up holders will continue to bail at this price level.
Looks like lots of buying pressure to me. At least on finex.
6.
Post 11087999 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Starting to look ugly if you ask me. If buying pressure does not pick up holders will continue to bail at this price level.
Looks like lots of buying pressure to me. At least on finex.
don't get confused with the manipulation
What source are you using to see that? Doesn't look like large walls from what I can see. Looks like series of small orders.
This is a serious question. What chart/site/tool are you using to come up with that analysis?
7.
Post 11091206 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Does everyone realize that taxes are due tomorrow in the US (April 15th)? The recent sell off is obviously miners cashing out to pay taxes. Nothing to worry about.
IIRC, the deadline for tax selling was Dec 31, 2014. April 15 is only the deadline for filing the 2014 tax statements. Isn't that so?
Nope, payments are due April 15th.
The payment for the 2014 taxes is due April 15, 2015, yes. But the numbers that go in the 2014 tax statement - revenues, losses, deductibles, etc. -- must have happened between 2014-01-10 and 2014-12-31. So, in particular, one cannot claim losses incurred on trades made this year. Isn't that so?
Yes but if people owe money on their taxes they sell to pay the taxes. The transaction would be part of next years return.
8.
Post 11095564 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
yup my cloudhashing miner will be shutdown as well.
Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount.
i owe them 30$
its a sad day for cloud mining
When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
This argument always bothers me though I can see why people may think this way.
If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC.
If prices are declining - why buy coins or cloud hashing?
9.
Post 11109548 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.11h):
Looks like a bit of a pump started. Looks promising to break 230
10.
Post 11143173 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
Large volume of asks moved from 226 and 228 to 230 and 232.(finex) Not a huge move up but there is some room to move without much resistance if the market is ready.
11.
Post 11156775 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
Lots of volume in 15 mins. Anyone know what sparked it?
12.
Post 11157121 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
Here we go again. Fun to watch. Lets hope it goes for a bit and doesn't settle too far down.
13.
Post 11157298 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
Looks like Huobi is leading this one. Still lots of buy support. Now we see if it is real.
14.
Post 11158569 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
Another little nudge coming. Two bumps in one day would be a nice change.
15.
Post 11177339 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
I never understood this chart. Can someone explain?
16.
Post 11203362 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
The bears are euphoric. For 15 months, they short and profit. It's now planted in their head that bitcoin can only go down.
All you have to do is short and you'll make money just look at these patterns (insert chart with RSI and MACD indicators circled).Past performance does not guarantee future performance. Everything that attracted people to bitcoin is still there, the protocol is not broken. When this turns around the bears will short because they've been accustomed to short = profit which will only feed the fire of the next bull run.
See y'all at 4 figures
One of the few sensible posts that I have seen in the last few pages.
Looking at any investment/company/stock/business model over a short time span (1yr) is foolish. The future is bright for cryptocurrency and you can be part of it or not.
The loud bears/bulls are the same people who tweet constantly about how much money they made. I hope everyone realizes that they are all trolling. NO professional trader is wasting his/her time on this website. If you are posting on this website about how well you have done it did not happen.
17.
Post 11211674 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
this is fun actually
Out of control bot maybe? Sounds silly but when was the last time there was a $10 difference between BTC-E and Huobi?
18.
Post 11211768 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
If it can break 230 looks to me like it could hit 240 pretty quickly. That would make things interesting.
19.
Post 11211972 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
240 here we come. This is crazy!
20.
Post 11212431 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.12h):
I thought we were done ten minutes ago but the madness continues.
21.
Post 11215972 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
The 15 minute candle that just ended is the most bizarre I have seen in a long time.
22.
Post 11216009 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
$257
23.
Post 11216074 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Starting to pull Finex and Stamp up but Huobi is not impressed.
24.
Post 11216098 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
And quiet again.
25.
Post 11216126 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
russian bitcoin ban hammer getting closer.
just look how fast profits are leaving btc-e.
soon™.
They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.
As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.
Any info on BTC-e solvency?
Nah, I don't know... They've always remained very reclusive about basically everything. People don't even seem to know what country they're located in, apparently. I guess we know nothing for sure about them. They were always supposed to be the go-to exchange for illicit activities and liquidating illegally obtained coins - if that's true though... no one knows, either!
Never considered the illicit activity angle but if someone need a few million dollars in BTC for such an activity. BTC-E seems like the only option and it certainly would produce the crazy charts we are seeing today.
Or the exchange is dying.
26.
Post 11216191 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.
That doesn't even look like a pump attempt.
It just looks like people that have money there want to get the hell out of the exchange like there is no tomorrow.
$257 again.
I agree it could be people who want out but unless the exchange is gone in hours wouldn't you slow your buys down?
27.
Post 11216226 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Now its on everywhere. This is crazy!
28.
Post 11216234 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
$229.99 finex
29.
Post 11216261 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Now I feel left out. What is going on? All exchanges!
30.
Post 11216611 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
poor fuckers, I will make a ton of money on you.
You are not very pleasant, and no amount of money will fix that you camel humping douchette
between being kind and pleasant to idiots on bitcointalk and being rich in reality...I choose rich every fucking day.
screen caps of your flawless trading or it didn't happen.
31.
Post 11223324 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Dump failed
Starting to think $220 is to bears what $300 was to bulls
Kind of surprised
I think a lot of you forget that $220 or so is mining cost for a lot of operations. It would be surprising to me if we went lower for a long period of time. If you truly believe that is the case you should not be invested. Everyone remember how much hash rate dropped off the network in the Jan 15 drop to $166? If we had stayed at those levels and the hash stayed shut down there would have been major network problems for weeks. Block times/transaction times would have been a disaster. Watch the media coverage if that happens. It will not be good for anyone. Bear or Bull.
And before anyone argues that the Chinese miners have costs lower than that. ASIC development and deployment has slowed to a crawl compared to most of last year. If there really was money to be made in China wouldn't we be seeing huge farms coming online? It wouldn't take much to push the rest of the world out of mining if that were the case.
32.
Post 11223602 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Dump failed
Starting to think $220 is to bears what $300 was to bulls
Kind of surprised
I think a lot of you forget that $220 or so is mining cost for a lot of operations. It would be surprising to me if we went lower for a long period of time. If you truly believe that is the case you should not be invested. Everyone remember how much hash rate dropped off the network in the Jan 15 drop to $166? If we had stayed at those levels and the hash stayed shut down there would have been major network problems for weeks. Block times/transaction times would have been a disaster. Watch the media coverage if that happens. It will not be good for anyone. Bear or Bull.
And before anyone argues that the Chinese miners have costs lower than that. ASIC development and deployment has slowed to a crawl compared to most of last year. If there really was money to be made in China wouldn't we be seeing huge farms coming online? It wouldn't take much to push the rest of the world out of mining if that were the case.
Actually difficulty/hashrate does not affect the working of the blockchain, difficulty is made artificially high when the hashrate rises to keep block time stable. The blockchain will move the same regardless of high or low hashrate (drastic drops in hashrate can cause high block time until it adjusts, but that's all).
I was referring to high block time. In Jan hashrate went from 358 PH to 229 PH (and yes I realize that is not a completely accurate figure) Block times would be extremely long until the next adjustment. Losing one quarter to one third of the hashrate would be a mess.
33.
Post 11223620 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Dump failed
Starting to think $220 is to bears what $300 was to bulls
Kind of surprised
I think a lot of you forget that $220 or so is mining cost for a lot of operations. It would be surprising to me if we went lower for a long period of time. If you truly believe that is the case you should not be invested. Everyone remember how much hash rate dropped off the network in the Jan 15 drop to $166? If we had stayed at those levels and the hash stayed shut down there would have been major network problems for weeks. Block times/transaction times would have been a disaster. Watch the media coverage if that happens. It will not be good for anyone. Bear or Bull.
And before anyone argues that the Chinese miners have costs lower than that. ASIC development and deployment has slowed to a crawl compared to most of last year. If there really was money to be made in China wouldn't we be seeing huge farms coming online? It wouldn't take much to push the rest of the world out of mining if that were the case.
Actually difficulty/hashrate does not affect the working of the blockchain, difficulty is made artificially high when the hashrate rises to keep block time stable. The blockchain will move the same regardless of high or low hashrate (drastic drops in hashrate can cause high block time until it adjusts, but that's all).
This. You might get one long block, that's all though. Difficulty adjusts and you're back to 10 minute average. The network functioned just fine when hashrate was much lower. Personally I'd like to see less institutional mining anyway, so I won't cry if big miners have to switch off because they're not making ends meet.
You would have long block times until the next adjustment. The two week interval could turn into 3 or 4 easily. After the next adjustment things would be back to normal.
34.
Post 11223631 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
It wouldn't doesn't take much to push the rest of the world out of mining if that were, which is the case.
Edited that for you.
Thanks.
Doing too many things at one time.
35.
Post 11223888 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
the fun starts again. This time to $300?
Just saw that too. Busy yapping about mining cost and didn't notice that BTC-E started heating up in the last hour.
36.
Post 11224019 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
It wouldn't doesn't take much to push the rest of the world out of mining if that were, which is the case.
Edited that for you.
Thanks.
Doing too many things at one time.
Welcome.
How do you think anyone can compete in long-run mining with a country where electricity is already very cheap and may be obtained even cheaper? (like 2-3-5x or more times cheaper...)
If our cost is 220$ (give or take), what would be their cost then?
I'd bet mining farms in China grow like mushrooms after a rain. On the other hand, I also suspect that ASIC companies keep the hefty profits under control, mostly for themselves and maybe for a small group of investors. That's why global hash-rate is relatively stable.
Last mining note I promise.
Right now the S4+ is the latest hardware. Cost is 4.215 BTC . Earnings per day would be .0264077 not including electricity/rent/labor or any difficulty changes. Break even point on hardware alone would be 160 days. Bulk orders of 1500 - 2000 units will probably get you just under 40% off. (if they follow what they have done on previous models)
Plug in your own Rent/electricity/labor/racks/wiring/switches/cabling and you will see why I think large farms are not being built out at this price level.
37.
Post 11228775 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Looks like some fun starting again.
38.
Post 11228887 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Still increased activity on Huobi. Very quiet at finex.
39.
Post 11229019 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Still increased activity on Huobi. Very quiet at finex.
Exchange ran by bots with zero trading fees
I was just noticing that it looked like all bot activity to me. Can't say that I have noticed that before. Daily occurrence?
40.
Post 11243560 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
No. Not what the article implies.
Read the two quotes from the investors. They do not mention bitcoin nor crytocurrencies, intead they say "digital payments".
Apart from the investment, the big news in the article is basically
And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility. [ ... ] Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. [ ... ] This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.
Ditto for the plans to service China: since the Chinese merchants and services cannot quote their prices in bitcoins, Circle will be a way to convert bitcoins or dollars in the US to yuan in China. Guess which of the two services may generate enough fees to repay 50 M$ of investment. (BitPay's bitcoin-to-dollar service processed ~160 M$ of payments in the whole of 2014, which may have generated 3--4 M$ of fee revenue at most.)
By the way, the article says
Dollar account balances held by Circle customers are FDIC-insured.
When Coinbase opened their exchange they too made this claim. Somewhere in their FAQ, however, it was explained that
Coinbase's bank account was FDIC insured
against failure of the bank, for the standard 250'000 $
total. They also claimed that they were licensed to operate in NY and CA, when in fact they just had assumed, erroneously, that they did not need licenses there; and that their BTC holdings were insured by a private company, when only the 5% max that they keep in their hot wallet was.
I wonder if Circle's statement above too is making full use of the wonderful flexibility of the English language?
I understood that they are approaching the problem of volatility in the same way as Coinapult, Cubits, etc, and I suspect many more in the coming months. That would make sense given the context.
I’m not a die-hard bitcoin believer who thinks it will go to $1 million and become the world’s no. 1 currency, and I can see lots of faults with bitcoin that may or may not be fixed. I can see the potential of it, and the potential of blockchain tech more generally. At least I keep an open mind. You have already made your mind up and filter everything through that decision. Which I find strange, for someone who is supposed to be a scientist. You are not remotely objective about this, which puts you in the same category as the ‘moon’ crowd.
Well said!
41.
Post 11247258 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
btc-e Willy bot just bought up all the way through 240!
Looks like Finex led on this little run. BTCE willy just had to make sure it keep its 3-4 spread on everyone else.
42.
Post 11258101 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Decent size dump that started on Huobi. Looks to be bouncing back.
43.
Post 11258169 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Decent size dump that started on Huobi. Looks to be bouncing back.
This is why I don't use stops while trading. If I do it's outside of a strong support or resistance area (so running them would be too expensive) or I use a trailing stop.
$232 would have been the obvious place to put one, right below the market at an even number. I was watching finex and that mini dump caught a bunch of them around that area. In light of the uptrend in the background it's bullish. Silly traders.
Good catch. Hard to tell because it happened so quickly.
There were a few 200 - 300 BTC sells.
44.
Post 11277634 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.13h):
Bids are looking firm as hell on finex. Asks are light. So... down?
Edit: Holding 1/18th of your cash in precious metals? Seems almost recklessly exposed to USD.
Looks like slight uptick. Would be nice if it would run a little bit to end the weekend.
The fake walls have been absent for the last 10-14 days. I am sure they will be back at some point. Anyone else notice that?
45.
Post 11292831 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Just watched "The Rise and Rise of Bitcoin" free on Amazon Prime.
When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
I perceive BTC mining as an flamboyant idea. This idea incorporates a long promise. You're investing in something that *maybe* will give you back your investment in the future. If you do the (simple) math you will understand that under a certain USD/BTC price, it simply doesn't worth it.
More specifically, under the current circumstances all miners are better off buying BTCs instead of mining for them. The prices are so low that you could get yourself a new BTC every month, with absolutely no gear and no sweat at all. Good luck mining for one with your gear.
As for the mining centralization worries, I think that it will be decentralized but not because big companies are not getting into the game. It will get a decentralization after the next block halving. The price to pay in order to mine for BTCs is unfortunately tied to the Moore's law which is the most significant aspect of the question: "Should I mine for BTCs?".
So, there won't be an "infinite" rise on mining power as there cannot be an "infinite" shrinking to the current IC hardware. So, eventually... decentralization will occur because nobody will spend so much money to get into a game that will deliver "so little", with the only promise that "it will get higher in the future".
Of course, I may be wrong and the price of USD/BTC will hit 10,000 or more so this fires up a totally different scenario. But for now; this is the reality.
As someone who is involved in physical mining and cloud mining some of what you posted is not true.
Using Hashnest as an example. If you purchased cloud mining in the beginning of this year you paid .15 BTC to 1.39 BTC per TH (depending on the type of hashing your purchased) Currently the lower level is worth .212 BTC per TH and the upper level is the same value.
The hashing you purchased has gone up or retained its value and you have pocketed the earnings for the last 4 months. The person that did that is better off than the one that just purchased BTC from an exchange.
PLEASE keep in mind that the last 4-5 months have been a very different situation compared to the last few years. It is very easy to loose money mining but some people are making good money in mining. We are not all doing it out of the kindness of our heart.
46.
Post 11305889 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
shake out before a pump? We have seen this before. Someone is trying hard to push it back down. Order book is all over the place.
47.
Post 11305909 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Once it finally breaks in either direction the other party is going to be out of steam.
48.
Post 11305951 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Aaaand the jorney to sub 200$ has finally begun!
I am shocked by your view on the matter.
49.
Post 11310749 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.
I don't know if everyone noticed but the buy support was there before the dump yesterday. Now it is stronger now than I can remember in a long time. If it is real it could be a fun couple of days.
50.
Post 11310957 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?
I have not been following that issue on Reddit close enough to comment. Watching the events unfold last night it just looked like selling/shorting into solid support. What specifically are people saying happened?
51.
Post 11311119 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
I just scanned the reddit threads. Interested to me that most of the complaints are from people with low volume accounts. (5-6 BTC) I guess it makes sense that the big players would not be posting on Reddit.
52.
Post 11312848 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
-belch-
I'm seriously tempted to use
The List...
I finally did! Not sure what took me so long.
53.
Post 11313390 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Looks like we may be picking up some steam. Any predictions on the price level needed for a lot of the shorts to close?
54.
Post 11313460 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Just saw that jump in volume also. 1153 now. Let the fun begin!
55.
Post 11313976 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
I walk away for 30 mins and you guys have all the fun without me.
GBTC volume now 2268
56.
Post 11314013 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
So are we calling this the ITBIT pump?
57.
Post 11314072 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
What does itbit do that's different then coinbase?
itbit is a fund, coinbase is an exchange
ITBIT is the first regulated exchange in New York. They also announced 3 three new prominent (financial industry respected) board members. Getting good media play in the US market.
58.
Post 11320921 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.
This is not a bad thing. We need volume and a slight premium. Once that happens we will see it impact prices on other exchanges.
59.
Post 11326117 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
$250 soon? Nice little pump happening. Lets see if it has legs.
60.
Post 11333612 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
small volume spike. Moving up a bit. Similar thing happened yesterday but it didn't have any legs. Maybe today?
61.
Post 11336279 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
China looks to be leading this little pump. Wonder what triggered it.
62.
Post 11336304 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
China looks to be leading this little pump. Wonder what triggered it.
It was the kiss gif, obviously.
Duh!
Silly me. Of course. Post more!
63.
Post 11336345 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Was just watching the Vice episode talking about how white people are super popular in China right now. They were showing a guy that was hired to pretend he was a doctor and speak at a conference. (plus other examples)
We now discovered that white girls kissing works on Chinese traders. (shocking I know)
Lets ride this train!
64.
Post 11338687 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Weekends are never fun.
65.
Post 11348540 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
If we can break $250 it should run pretty quickly towards $260. LOTS of resistance between 258 and 260.
66.
Post 11356711 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.14h):
Who is afraid of the big scary ask walls. Answer no one.
How about who is excited for the bid side shrinking? Answer, meeeeeeee
Not seeing what you are seeing.
67.
Post 11368174 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
If we get a break up I would be shocked if it doesn't pass $250. A lot of the resistance has "disappeared"
There also was about 4000 BTC between 258 and 260. That has been cut in half today.
68.
Post 11369943 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
hmmm , might not break 250 this week...tonight could be interesting...
just as i thought...
I bet we do
I think we are heading that direction by the weekend also. These corrections are frustrating because they come after days of sideways movement but they are to be expected.
69.
Post 11376226 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Interesting little dump. Seems to be bouncing back pretty quick.
In other news.....GBTC volume way up compared to yesterday.
70.
Post 11376540 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Interesting little dump. Seems to be bouncing back pretty quick.
In other news.....GBTC volume way up compared to yesterday.
Will it dip below 40 a share before closing?
I think it is possible and also think that would not be a bad thing. Consistent high volume and prices with a premium but not a ridiculous one would be a good thing.
71.
Post 11377537 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Has anybody noticed that??
Bollinger Band is narrowing on the 3d and 1week chart. Something is going to happen. Hasnt been like that for months.
What would that normally indicate?
72.
Post 11383846 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
895 Volume in GBTC right out of the gate. Good sign for a big day.
73.
Post 11384083 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Game on or just a little blip?
74.
Post 11388402 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Bad long
why did you close or get stopped out?
75.
Post 11410178 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Ask side on Finex has really thinned out in the last few days. Wouldn't take much to send the price up $20 to $30. Could be an interesting week.
76.
Post 11410223 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Ask side on Finex has really thinned out in the last few days. Wouldn't take much to send the price up $20 to $30. Could be an interesting week.
I am not so sure. We seem to have a balanced market at this moment.
I see you post from that site/service often. Where is that from?
77.
Post 11411343 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Ask side on Finex has really thinned out in the last few days. Wouldn't take much to send the price up $20 to $30. Could be an interesting week.
I am not so sure. We seem to have a balanced market at this moment.
I see you post from that site/service often. Where is that from?
btccharts.com
Thanks. I saw the logo in the upper left corner and tried that site a few weeks ago. Must of been down when I tried it before.
Different to look at but nice charts.
78.
Post 11413340 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Seems like this smaller dumps keep happening most days around 3:30 - 3:45 EST. Weekdays that is.
79.
Post 11440252 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
A couple good size asks were pulled from Finex. (or moved, can't see them yet)
Clear the way!
80.
Post 11443079 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Bitfinex seems to have some fun glitch again.
It looks like it may have tricked some bots into selling.
Doesn't show that on my screen.
81.
Post 11445335 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Hello, Jorge.
Honest question: do you agree with the estimation that the more time lapses and bitcoin continues to develop and entrench itself, the less likely it is to outright fail?
I don't believe he answered the question.
82.
Post 11456500 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.15h):
Development on Nasdaq Stockholm: Right before closing, a new trader appeared. Until now, all trades of Bitcoin Tracker One have been done by swedish banks/institutions as far as I know.
All the big US and european banks are registered traders on Nasdaq Stockholm, but they have not yet touched Bitcoin Tracker One. Not until now.
23 minutes before closing, the french megabank BNP Paribas made a small buy, notes for 50 bitcoin. The bank entity represented at Nasdaq Stockholm is named "BNP Paribas Arbitrage".
Testing the waters I am sure. If they have some success and ramp up the volume it will be huge.
83.
Post 11472588 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.16h):
I haven't seen the logarithmic trend line posted in a week or two. Where do we stand in breaking the down trend? I remember mid 240's as the price but also early june as the time element if we stay at current levels.
84.
Post 11505468 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.16h):
Comparing these moves to what has happened in the last year I would not consider any of this a big move. The BIG move being predicted hasn't happened yet.
Another note - Anyone have an explanation why Huobi has been 2-3 higher than finex for the last 10 days or so? It was never like that before and I haven't seen it talked about a lot.
85.
Post 11514788 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.16h):
nice little recovery in progress.
Agreed. I can see $230 as a possibility today. Would be nice to erase the bad weekend memories.
86.
Post 11542832 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
They have added a bunch.
87.
Post 11557137 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
I think it is interesting that there is still very little resistance to reach $230. Certainly I have seen this before but not for days on end. Bots are the only thing adding orders under $230 and really under $240 for that matter.
Certainly looks bullish to me but I think lots of people are sitting on the sidelines. Wouldn't take much to move up $20.
88.
Post 11570117 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
You have to figure Gemini will launch soon right? I figure they planned for "Gemini" all along. 12 days left.
89.
Post 11604729 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
HUGE sell wall on finex. What the hell is this all about. Can't remember seeing this in a long time.
edit: and gone. $2.2 in sells sitting there and now gone. I thought we were done with this nonsense.
90.
Post 11604738 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
yes saw that. Now very little resistance to $240.
91.
Post 11607332 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
Pulled if you mean the one from 12 hours ago.
92.
Post 11633485 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
$246 !!! and very little resistance ahead of us. Loving it!
93.
Post 11633490 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
$247 moving faster than I can post.
94.
Post 11633602 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
$260 in reach
95.
Post 11633692 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
$10 between Huobi and Finex. Something has to give.
96.
Post 11633696 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.17h):
Good morning Bitcoinland. Still creeping slowly upwards I see.
Been doing this for a week and a half and that's a good thing. Slow and steady wins the race.
Much too early for moon trains yet, but at least the double-digit kiddies have STFU for now. It's nice to see a little adult optimism again.
I think you need to look again.
97.
Post 11640949 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
NLC still posting bearish crap. Must be feeling helpless watching the price keep rising.
Let's see if we retest the log downtrend line.
INCA - I have seen multiple charts/theories of where the log downtrend line is. Where do you see it? And I imagine at $259.10 we have broken it.
98.
Post 11642167 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bids were really starting to thin out. Looks like normal retracing to me. Another little push to get back to upper $250's would be nice but I think we may see a push past $260 today. Less than 3000 BTC to get there.
99.
Post 11643409 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bids appear to be moving up. Will not take much of an upward surge to hit $260 again. Should be fun.
100.
Post 11650550 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
101.
Post 11650656 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.
I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.
102.
Post 11650937 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.
I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.
Do you say
this is the END of this thread. I am not sure how much traction you have on hidden markets / dark pool.
I am becoming conditioned to ignore the walls. But the asks are looking extremely shaky
Not the end of this thread but why would any high volume buyer/seller use the traditional market. There is not enough liquidity.
And yes the asks are getting shakier by the minute. Fun to watch.
103.
Post 11651074 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.
I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.
Do you say
this is the END of this thread. I am not sure how much traction you have on hidden markets / dark pool.
I am becoming conditioned to ignore the walls. But the asks are looking extremely shaky
Not the end of this thread but why would any high volume buyer/seller use the traditional market. There is not enough liquidity.
And yes the asks are getting shakier by the minute. Fun to watch.
To move the price of course!
That was my original point. Not too long ago a legit high volume buyer/seller did not have the option. When was the last time we saw a 5000 or 10000 buy or sell?
104.
Post 11756547 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.19h):
Volume spike and a lot of profit taking.
105.
Post 11780138 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.19h):
Is 250 going to hold? I hope so, otherwise we're going to be infested with an influx of beartrolls calling doom. 250 isn't anything to celebrate but it'd be nice if it could hold & we could then potentially call 250 a new bottom.
Will be interesting to see what happens as we enter the weekend. The price can often change over the weekend, I'm not sure what to predict though.
I think it is possible but not likely. The one day chart does a nice job showing us where we are headed. The bids (fake or not) are building. Looks healthy to me.
106.
Post 12178636 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
Looks like something is broken to me. Remember the last time they have prices out to 8 decimal places. Only explanation for this craziness. I am sure there are going to be some real unhappy people.
107.
Post 12178656 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
We will be back in mid $200 by the time this is done. My bet is trading stops on Finex within the hour. Something is broken.
108.
Post 12178685 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
Look at the prices.
$191.2598468 is not valid on Bitfinex. Shit is broken. (AGAIN)
109.
Post 12178717 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
Did you buy in time?
110.
Post 12179262 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
I posted this a few times earlier and I don't believe anyone acknowledged it. (posts were flying by so understandable)
I am 99.99% sure this was a software/hack issue with finex. Does anyone else remember the last time this happened there were prices that went out to 8 decimal places. Well it happened again. Finex covered all the losses but I can't see how they can do that this time.
I received an email from coinsetter (i have an account but don't trade there) talking about the price crash. They referenced finex issue also.
Hey ********,
Given the fast drop in the market this evening, we wanted to send you an update on the falling bitcoin price so you can manage your account accordingly. The price has fallen from $265 earlier today to its current level of $225. Bitcoin actually fell to as low as $165 on some other exchanges over the past hour.
While we are still working to understand the cause of this unusual market movement, it appears that the shift was impacted by two factors: 1) the Bitcoin XT blockchain issue, and 2) technological issues on Bitfinex. We will continue watching this evolving situation, and please don't hesitate to email our team if you need anything tonight.
Thanks,
Jaron Lukasiewicz
Coinsetter CEO
111.
Post 12179541 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.23h):
fuck this shit, i lose $233 in 4 fucking hours...-
i'm out
How did you lose? Did you sell?
If you look at the 1D chart what happens most times after a "flash pump" or "flash crash"? A nice move in the other direction.
112.
Post 12677665 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.27h):
my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that
the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.
these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support
https://www.tradingview.com/x/DtIPkXLg/[/img]
Referring to the part of your statement that I have
bolded above. Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.
I am sure this is a possibility but any seizures in the future would likely result in auctions a few years down the road right. Doesn't it take that long for the process to play out?
113.
Post 12748859 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.28h):
+1 For a System of a Down post!
114.
Post 12769529 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.28h):
it's 11:22am in beijing, do you know where your bitcoiners are?
Buying
115.
Post 14532218 (copy this link) (by Wings1987) (scraped on 2020-04-04_Sat_14.49h):
It has been a long time since I have posted. Coming back and seeing nothing but block size debate is frustrating.
What is everyone's take on this interview with Trace Mayer? He certainly has strong opinions but hearing his podcast interviews with some of the core devs has given me a different outlook on the issue.
https://www.youtube.com/watch?v=aV_5GonmRzU
to easy : http://www.dailymotion.com/video/x2opl7v_system-of-a-down-science-lyrics_music