Bitcoin Thread

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Swa said:
I could be wrong. But longs just keep going up so it looks like we're going to have a reversal of the short situation. Would be ingenious if instead of pumps and dumps an exchange starts squeezing out longs and shorts in turn.
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The narrative goes that the reason for squeezing shorts was the exchange did not have enough money to pay them however they have now supposedly raised 1Bn so that shortfall of 850Mn is not there anymore. Funny enough I hear/read that Binance is opening up the exchange tomorrow. Like could a more perfect script be written.

Btw the longs are now give or take equal to the shorts at 25k thereabout.
 
Got shorts filled at the peak on two accounts to the very cent. Now to wait for dump and hope it doesn't go above $8400. Highest price on Bitmex was exactly $7977.5.

filled.png
 
I'm hoping for a much lower absolute high otherwise I'll end up on the streets - think i must start a donation page:crying:
 
Consensus to fomo institutional investors ..
..frozen binance accounts... Bakkt release..eBay maybe accepting crypto 'maybe'... HTC phone with bitcoin node release announced ...well coordinated pump ..hats off
 
phly said:
The narrative goes that the reason for squeezing shorts was the exchange did not have enough money to pay them however they have now supposedly raised 1Bn so that shortfall of 850Mn is not there anymore. Funny enough I hear/read that Binance is opening up the exchange tomorrow. Like could a more perfect script be written.

Btw the longs are now give or take equal to the shorts at 25k thereabout.
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Wondering what effect that will have. People waiting to buy while others are hoping for fomo not to end before they can sell.
 
biometrics said:
Don't think that will come into play again. This is just manipulation. You think the same suckers will come lose money again? Nah.
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It has been manipulation since $4k (at least thats what many kept saying including myself up to a point) , i think we have reached a level of FOMO. I would say lets see when 8k break and if it holds then $10k+ will appear in record time.

If $8k breaks there might be a real flurry dump but its yet to be seen.

Wholefoods also announced full BTC coveraged in all their stores earlier before the current pump today so there is more real news suddenly appearing which makes me wonder if some insiders have not been aware of these types of news before it hit the media.


A new initiative was announced today, according to Fortune. Big name retailers including Amazon-owned Whole Foods are now accepting Bitcoin and other digital assets. “The retail initiative comes via a partnership between Flexa, a payments startup, and Gemini, the Winklevoss-owned digital currency company.
2 hours ago
 
John Tempus said:
It has been manipulation since $4k (at least thats what many kept saying including myself up to a point) , i think we have reached a level of FOMO. I would say lets see when 8k break and if it holds then $10k+ will appear in record time.

If $8k breaks there might be a real flurry dump but its yet to be seen.

Wholefoods also announced full BTC coveraged in all their stores earlier before the current pump today so there is more real news suddenly appearing which makes me wonder if some insiders have not been aware of these types of news before it hit the media.


A new initiative was announced today, according to Fortune. Big name retailers including Amazon-owned Whole Foods are now accepting Bitcoin and other digital assets. “The retail initiative comes via a partnership between Flexa, a payments startup, and Gemini, the Winklevoss-owned digital currency company.
2 hours ago
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Spot on...miraculously all these positive stories appear during Consensus while biggest exchange halts trading ..Anyway will see by Wednesday which way this goes
 
14 green candles in a row on 30minute

I have not seen this since the 2017 September+ FOMO balls deep period.

This is real digital porn.

Never a bad idea just to play it safe with extra bitmex account prepped for a short at lower leverage so that you can close long profit if there is a dump while still protecting your profits with the short account and if there is just constant long then taking small lost on short protection wont matter.
 
Waiting for a twist in the tale now. I've never seen Bitmex orderbook going this crazy. The fomo is real.
 
John Tempus said:
It has been manipulation since $4k (at least thats what many kept saying including myself up to a point) , i think we have reached a level of FOMO. I would say lets see when 8k break and if it holds then $10k+ will appear in record time.

If $8k breaks there might be a real flurry dump but its yet to be seen.

Wholefoods also announced full BTC coveraged in all their stores earlier before the current pump today so there is more real news suddenly appearing which makes me wonder if some insiders have not been aware of these types of news before it hit the media.


A new initiative was announced today, according to Fortune. Big name retailers including Amazon-owned Whole Foods are now accepting Bitcoin and other digital assets. “The retail initiative comes via a partnership between Flexa, a payments startup, and Gemini, the Winklevoss-owned digital currency company.
2 hours ago
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Only one problem. If fomo causes it to reach R20k again we'll have the same situation where nobody can use it because of high fees. Bitcoin's success is it's own worst enemy. The high fees is still being touted as a reason for the sudden pullback in January 2018. Bitcoin simply doesn't work above $10k and it works best at $1k.
 
Swa said:
Only one problem. If fomo causes it to reach R20k again we'll have the same situation where nobody can use it because of high fees. Bitcoin's success is it's own worst enemy. The high fees is still being touted as a reason for the sudden pullback in January 2018. Bitcoin simply doesn't work above $10k and it works best at $1k.
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Nonsense. Lightning network etc have made huge strides and effectively solved the fees issue.
 
Swa said:
Only one problem. If fomo causes it to reach R20k again we'll have the same situation where nobody can use it because of high fees. Bitcoin's success is it's own worst enemy. The high fees is still being touted as a reason for the sudden pullback in January 2018. Bitcoin simply doesn't work above $10k and it works best at $1k.
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I hope we don't reach "R20k" again. :p jk

Anyhow FOMO will always be a catalyst for massive price jumps but the question is how well post initial FOMO dumping will be protected during a correction whenever that happens.

Its important to test a new FOMO pump and then the corrective movement after a dump to see if the market can sustain itself or if we are just in a new cycle of the same old sh!.t.

ps. Fees have dropped massively even with record transaction volumes.

Segwit activation along with lightning network is definitely making huge differences.

Even if this pump slows down and move sideways for a day or week at around $7300-$7500 range it would be a big win before the next pump.
 
Countcrypto said:
Nonsense. Lightning network etc have made huge strides and effectively solved the fees issue.
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For those that can actually use it. It also has to commit to the network at some point. All these measures are simply stop-gap until the developers decide to do something about the real problem.
 
biometrics said:
Don't think that will come into play again. This is just manipulation. You think the same suckers will come lose money again? Nah.
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Of coarse FOMO will play a big role. For every sucker that lost money there is 2 more willing to spend money.
 
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