Im such a newbie. Both literally and figurately. Woke up last night at 640/btc and didnt buy. Still I think price is going under 700 again today.

Edit: at stamp

Already started, even though, with China cashing out, I think we might get a low of 300...

Wow, this is sooo fun. I've been reading and getting informed for the last 2 weeks but just entered the market today (585 average, not more than I can afford to lose though). Losing money but it's thrilling as hell!

I think that can be the biggest mistake one could possibly make, considering that posting on the forum is usually an emotional behaviour to different stimuli. I think you're better off not reading or maybe doing the exact opposite of the feelings you get while reading here, when trading.

I have sold at 670, two days ago. Since then, the price went up to 720, went down to 550 and kept fluctuating so I can say that I do know the feeling, even though I'm in this thing for only 2-3 weeks now. Now, the itch and anxiety have faded, and I'm just watching and waiting for the perfect moment to jump back in, but not before we get to another low. Be patient and have some sort of a plan, any plan; that will help drive the anxiety away.

No. I'm in this for 2-3 weeks but bought at an average of 585, although both my reasoning and my gut feeling were telling me that the price would go lower. I bought impulsively and impaciently, even before reading the China news. Lesson learned, patience activated.

Why u no dump? (

Usually, I quite enjoy your posts, but this crusade of yours agaisnt RP is getting very tiring for the readers. How about you just ignore him and, do all of us, you included, a big favour.

Please remember to draw bitcoin going off the chart.  

~500 coins at Gox. Nobody gave a fuck.

Dont worry, I'm sure 10k BTC would've troubled her now. As I'm sure your stack will be enough to care for your needs.

Showing Loaded how it's done! Would be something!

Happy New Year you alls!

Thought the ch000 ch000 train is leaving w/o you?

It is really really hard for me NOT to buy now. But I cant go against my instinct.

To the moon or?

I did. Good thing I bought today at the top.

Is stamp down?

It does, thank you.

Good bet. You are in pole position, I think

I think I'm switching to Doge.

Bitcoin just isn't active enough...

The market doesn't move and there are almost no trades when Huobi is dead.

I wonder why that is? (Huobi being down).

Huobi is very down again.

Much brewing.

Wow.

What's with the yellow photoshopped cartoon car?

Lack of price volatility? Please do. Quickly!

Can we see some volume and volatility people!?

Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong.

In my defense, check april 2013 vs 2011 "spurts".

Why have you taken such an offensive stance billy? Its his right to want what's best for him, or what he considers to be best for him.

Yes, Wilson is just amazing at providing insight through knowledge and examples. I'm liking him!

Maybe in the same way that you don't keep 1 million dollars in your wallet when you're shopping for groceries?

Its better than Huobi making all of us sad. Stamp will not move w/o clear instructions from China.

I think it would be an interesting experiment for one of the "western" exchanges to offer a 0% trading fee promotion for about a week/month. Amongst other benefits, I believe that in such a scenario the volume of this exchange would exceed quite considerably the chinese exchanges volume. Which naturally raises the following question: why are we following them?

Indeed. Probably it is not very relevant considering the month of january saw low volume levels across all exchanges. And apparently BTC-e volume decreased even more in february, after the low trading fee promo dissolved. Unlucky circumstances, maybe?

I think he misunderstood my post. The question was "Why are we following China?", considering that everyone knows their volume is hyperinflated by no transaction fees.

1500 btc dump. Lets see how this pans out.

Interesting attempt. But once more we can notice that honey badger don't go down unless it's a China induced dump. And China don't care about a StampWho? dump. Business as usual.

If Huobi is shut down, there is no way in hell BTC China remains up. They do not have any priviledged status. On the contrary, history has shown us the opposite.

The only real question that lies in the air right now is: What will the chinese decide to do once they are up? It's fairly obvious that without their approval we will not go lower than 750, at most.

I currently am 60/40 btc/fiat and I'm planning on selling half if Huobi starts dumping or buying tiny bits here and there, if they continue to disprove this downward movement.

1315 coin dump. Wow, biggest in my (little) experience!

I do not want to know what would happen if the chinese would announce some bad news regarding bitcoin. Im keeping my gunpowder dry and slowly buying on the way down.

I need to wire some more dollars to stamp. That'd be fun.

Gox free fall, 2.7k coins to 550. It might implode just now.

We buy!

Its not over yet. Huobi started selling.

Huobi price did not go lower than ~720, while Stamp was 100$ lower. Now the exchanges are starting to line up, though we might see another leg down.

I think 0. Yes.

I just found out how useful the ignore button is. Kudos to me!

Put your money where your mouth is. 

Huobi is going down, 4335 now.

Huobi yearly low. 4160!

Guys. This is crazy. I want to buy everything.

If 688 falls, I'm expecting 620 today.

When Huobi is going down, you know shit just hit the fan.

Meanwhile, in a parallel universe, Stamp is going up.

Is 100 low enough? I'm not so sure right now, considering the level of full-retard one might suddenly experience.

Huobi just doesn't have the same 'dump factor' as Stamp

5th attempt @ 4060 on Huobi. Major support, if it breaks it's going to be a long way down to 3600.

I'm taking that back. Huobi likes to dump as well, some 705 coins in one go. 3600 here we come

Does it look like a stampede? To me, it's more like a slow, agonizing bleeding. And I think it's here to last for a few days, at least. For some reason, I feel more comfortable than I did at 800s.

Guys, I just woke up. This is bad. I buy!

Would it not be smarter to just arbitrage, selling the coins on stamp, sending money over at Gox and buying coins cheaply, waiting the price to skyrocket there? Why would one risk his bitcoins, when it would actually be safer (in case of MtGox being insolvent) to just wire fiat money?

What's the point to send BTC there quickly, price would skyrocket but Gox is insolvent and can't pay you up? At least if you send money you can buy BTC and there's a better chance of being able to withdraw.

What is happening to Gox order book? <500 coins to 240 

Lack of volatility seems to be correlated with an increase in the quality of the posts.

I'm starting to like this.

Gox finally going to 0?

Yes. This is easy money. Sadly I do not have a Gox account, but kudos to you guys that have balls of steel to do it.

Why would someone sell coins @ MtGox when they could just use bitcoinbuilder and get their money out for less than half the coins?

edit: I'm willing to send a wire transfer for Goxcoins for those who still want to sell and need the cash now!

Hey! What's going on with Bitcoinbuilder? Last price 0.22 with gox/stamp 0.29. Wtf?

So… it's actually cheaper to send bitcoin to gox rather than wire money and buying bitcoin? I'm interested.

Why would bitcoinbuilder not exist anymore? Is it not making a nice profit?

Sure, if MtGox dissolves then btcbuilder will too. But partaking in this type of "gambling" insinuates that one is willing to remain trapped in Gox.

I have to leave now, sadly, but I would risk being trapped in Gox at 5/1 odds, 20% of my stash. That's 20% chance of me doubling the number of my coins.

514.02 order that did not get filled (

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site?

From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum.

WHAT THE FUCK!?

We had the same block. Stamp withdrawal to BTC-e? What are you trading? I was thinking 75% PPC and 25% LTC.

Where are you aiming to enter, under 0.02?

This. Because if you were hiding from something, anything, you would sign your real name, and then write reviews on random sites.

I couldn't even finish reading that piece of "journalistic work".

I think we are nearing that point in time (not sure about the price though) too. Besides your low volume observation, another thing that pops in my mind is the number of pages I have to read to keep up with this thread, which is down by more than 50% of what it was 1-2 months ago, even during the 800s price stability. So interest level is definitely decreasing, even for the uber-bulls that we all are (even fonzie, jorge is the exception that confirms the rule).

This is my first bubble, so I lack past experience, but I think most of the seasoned users here just got used to the bubble pattern and learned not to panic at this stage, because nothing has changed in the fundamentals of bitcoin and the adoption rate is growing steadily. Instead, they just take time off because speculation is simply not as profitable as during other periods, and invest their energy into something else. They'll soon be back though, and so will the 30 pages of Wall Observer spam filled with pics of burning trains and Dorian memes.

I wish I employed this more often. All in due time, I guess.

Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.

Sadly, I can't buy moar, my fiat is running out.

Eastern Europe.

@bja - I hope you're not serious. And if you are, I hope you won't lose.

Which alt-coins are you targeting? I'm having myself some nice PPC and NMC for now.

I am seriously considering putting you in the same category as fonzie, igorr and mah87.

I agree completely. And I think that will be a hell of a bullish day. Maybe then the market will finally realize that the chinese actually hold/trade at most a quarter of the volume presented by the exchanges. Realistically, way less than that, maybe a 10th.

Would it not be nice if the 500B dumper would suddenly find himself out of a rally to 500?

Watching net worth go up and down like that is just the most fun I've had in front of the monitor for a good while.

Patience. If this is actually happening behind the curtains, the effect on the market will be like the contracting of a coil. Fireworks in the making.

Don't worry guys, I've just bought a little bit. This can mean only one thing.

And you know this… how exactly? It makes no sense whatsoever. The ones that are professional traders and are not interested in owning bitcoin have left the ecosystem at much higher prices. Why would they risk losing coins, having fiat stuck, or even being outlawed in a market where volatility is contracting? Traders left on the exchanges are uberbulls trying to increase their btc holdings up to the last moment possible.

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

670. Because Bitcoin.

Is this really happening?

446BTC buy order on huobi.

When we go over 680, we go over 700 in one round.

Bitstamp's.

They deserve what's coming to them, do they not?

Exactly. It doesn't. Why would anyone sell because the USMS is auctioning the seized coins? Surely someone who goes through all that trouble acquiring such an amount of coins will not dump them on the market.

Only around 20% was pulled, the rest was eaten.

I'd buy in right now but luckily I've been all-in for a while.

Work extra to buy a bitcoin. Time better spent than monitoring the chinese exchanges. And who knows, one day you might actually be grateful for it.

But you don't trade bitcoin, do you?

Good. More time to load up on coins.

He started with exactly 0 satoshi on january 1st. Hence the possibility of doubling them every day. And he is doing it without investing a single cent and/or trade.

The funny thing is that he could've actually had a couple of btc, as people here offered him some btc for free at different times.

The level of trolling in here is getting higher than the BTC price. They must be desperate.

Please don't quote them.

Blitz is good, comes to our chat once in a while. Has some coins, last time i heard.

Bitfinex shorts just got to a new ATH (expressed in USD).

Good luck boys!

Hmm, while I used to enjoy most of your comments back in the beginning of 2014, I came to realize that you're the perfect contrarian indicator. So basically now that you're screaming "SELL!!! ZOMG BITC0IN DEDD!!!", buying in seems to be the best decision one can take.

Cheers!

There, I fixed it for you.

 

The only wall I see is on btc-e at 745 for around 1.1k.

Better stash on the popcorn for the next weeks.

It starts slow only to pick up steam. Volume is showing good signs, constantly increasing on the weekly time frame.

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Why poor bear whale? He had all the time in the world to buy them back, with a nice interest as well.

I want to be "wowed" by bitcoin. I want to see 10k btc walls, but for this we need higher prices. Bring us higher mr whale!

Yup, already sold all my coins at the quintuple top around 5400.

I wouldn't bet too much on that realization happening. I see plenty of people here being caught "unprepared", waiting to "buy the dip", even though there's been countless dips since the beginning of november. Oh well, someone must be chasing once the market gets going, can't have it any other way.

Just relax, maybe go outside and smell the roses (pretty hard if it's winter, but then you can always make a snowman). Things are only picking up steam. Wish I had some worthless fiat just about now.

:popcorn:

I'd be more worried for the 14.5k BTC in red shorts. ATH shorts in $ terms and I think the worst ever ratio to the longs ($21mm).

:popcorn: ready

What better start to 2017 than getting those 15k BFX red shorts margin called into fireworks?

BFX shorts won't budge. Still 14.5k @ $1000 = $14.5mm.


There's not that many bitcoins in asks on the entire order book.

What about the BFX shorters' prisoner dilemma? There's 16k of them and only 6k in total asks.

https://twitter.com/whalepool/status/816698939445485568

Got $1m? I need to short btc.

:troll:

What double top?

China has broken the ATH by a mile, and they are the drivers of this market.

How silly of us. Surely this is going to $0.

It's the particularity of corrective waves. Vicious and fast moves in a counter-trend direction.

I'm only eyeballing here but I think $ denominated shorts are at ATH, while long/short ratio is around all time low.

Shorts must be right, right? 

What exactly are the Chinese exchanges trading again?

IOU CFDs?

Most people can't see the difference between a bull market and a croissant.

BTFD :/

He's been a dearly missed presence, both in Bitcoin and the market.

Please go ahead!

This is, gentlemen.

Instead, you get to see them doubling down, prolonging our agony.

The only thing bitcoin needs in order to go higher is more buyers. And bottom sellers.

So, who sold the bottom?

My eye-balled target for btc dominance is ~70% before making a strong recovery. Timing is difficult but buying alts during bitcoin's calmness sounds like a good plan.

Once btc starts moving again, I expect alts to go back down.

Amen. I won't even dump my BTU altcoins initially. I expect Roger "the president" Ver to attempt a pump first.

They want to place a mental barrier for people looking to buy and maybe scare some others into selling.

Walls are never resistance points, they're just fun to look at.

It would cost them if some bigger whale came and ate their order whole, before taking the price considerably higher. But I suspect a lot of times these market makers have some sort of inside information from the exchanges wrt potential heavy buyers.

If you think about it, if someone really wants to sell, they would scale their orders to make it almost impossible to know how much they've parted with. Having such a wall only makes sense when there's a lot of liquidity coming at the market and they want out fast, taking advantage of the market's appetite. Most of the times, heavy players need to get out of their positions when the market offers them the chance, not when they would like to.

Of course, that's what they do. It's obvious especially if you observe altcoin markets, where price moves faster. My guess is that the entity holding the wall is quite confident that there is nobody able to swallow him in one bite so he keeps the wall close to the spot price.

So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?

Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?

Makes sense...

The higher the price goes, the more distributed the coins will be, the less chance that someone is willing to assume the counter party risk of holding thousands of coins on an exchange. Thus, if we're lucky, 5 years from now, 100 btc will be a wall, not 10000 btc :/

Apparently, 2 networks

How anyone with half a brain can be on this guy's side is beyond my reach.

Still, there are bears lurking around who deny the existence of the uptrend and/or the bull market. First, we need to get rid of them completely, then enjoy going up on their money, then get the new bag holders coming in for our precious coins. Unless we start a very swift correction back below $800, which gets less and less likely by the day, I assume sunny days lie ahead of us.

Meuh6879, how about... "Nope!".

You're just in time

While Bfx are definitely crooks on so many levels, how exactly are they screwing up in this situation? A bank that they are not banking with is blocking their wires.

I was reading the last few pages and been thinking exactly the same. People are desperately hoping for a dump. I don't mind one, but I find it unlikely.

You must have never lived through fomo, if you think this is anything like it.

I don't even raise an eyebrow when looking at the price, and I expect to be mother fucking amazed and in awe before the market turns.

Haven't we been hearing this since before $300?

Sour grapes and all...

OK, I might've misunderstood your post but there is no such thing as "unnatural growth", except after a significant top is in, and there are no new buyers coming into the market. Throughout this entire rally there hasn't yet been that moment when people on the wrong side of the market are simply left behind. And that moment that makes lots of newcomers rush to the eco-system, looking to buy everything and anything they can get their hands on.

Did you sell at $800 during the rally to $1140? Had the chance to rebuy at the same price during the dump to $780. Sold at any price during the run-up to $1350? Didn't matter, you could buy in the dump to $890. Market still hasn't "punished" people that want to buy but are too greedy and want to wait for lower prices.

I expect this to happen, sooner rather than later.

FOMO is +50% in a week. This is chilling under an umbrella, sipping pina colada...

Disregarding the stupid $1350 spike, GDAX is at ATH, btc-e ATH, BFX ATH, stamp soon to come.

edit*

This is gentlemen.

https://www.bfxdata.com/positions/btcusd

17k shorts (all red) to 10k longs (all green). 7k outstanding difference between them.

Burn the shorts with fire!

edit: can people stop quoting roach, please? He had a point, a very long time ago, I don't think it changed at all and really, there's no need to re-read it every other post. Thx!

Maybe $2000 this week on bfx, if we're lucky?

Could be good to hold what you mine, for now

Because $800 soon?

edit: the only over leveraged players in this market are 1) bitcoin shorts, as per https://www.bfxdata.com/positions/btcusd, 2) ETHBTC longs

$1600 is simply boring. Wake me up at $3000...

edit: meanwhile, here's my favourite chart unfolding. Damn that bear market is ugly :/

https://ibb.co/fD5Rak

Sell your bitcoins, they said.

NOPE.

Imagine having sold your coins over social distancing in the need for liquidity and now the government is giving everybody helicopter money.