The Bitcoin Thread

Status
Not open for further replies.
already did.. now doing it with the other half... this way i end up with more BTC than before.. at the same loss value.. its so dicey tho.. my heart is in my throat waiting for the orders to be fulfilled

Holy ****, I should’ve done this but it’s too late for me to do this..
 
Careful people, a lot of people are going to sell at the lowest swing and get left behind, doesn't matter if they sold to buy in lower or because of panic, same result....
 
lol just saw the usd price go from 8650 to 8420 in a blink of they eye.....

walls being busted like they don't exist
 
Last edited:
For my very first time in my history of participating in cryptocurrency, this is the first time seeing the price of Bitcoin internationally being higher than the price of Bitcoin on Luno. Crazy!

 

Attachments

  • IMG_20180202_084542.jpg
    IMG_20180202_084542.jpg
    63.6 KB · Views: 202
I see a bunch of people, hodled around a fire...talking about the good old days

These are the good days as far as I'm concerned. This is exactly the time to be hoarding as much BTC as you can in preparation for the next bull run. Blood in the streets and all that.

n00bs are panic selling and handing their wealth to the smart money as usual.
 
lol just saw the usd price go from 8650 to 8420 in a blink of they eye.....

walls being busted like they done exist

It's likely the walls just disappeared at the signs of further downward movement.

Didn't see the wall at the time but if it was a relatively big one then that is the likely occurrence.
 
These are the good days as far as I'm concerned. This is exactly the time to be hoarding as much BTC as you can in preparation for the next bull run. Blood in the streets and all that.

n00bs are panic selling and handing their wealth to the smart money as usual.
I'm seriously considering getting an overdraft or a loan at my bank, and transferring the moola to Luno to buy BTC. Decisions decisions......
 
It's likely the walls just disappeared at the signs of further downward movement.

Didn't see the wall at the time but if it was a relatively big one then that is the likely occurrence.

Volumes on the chart I look at says 2230 BTC was traded in that instant (on Bitfinex).
 
Last edited:
lol just saw the usd price go from 8650 to 8420 in a blink of they eye.....

walls being busted like they don't exist

well just because you call something a wall doesn't mean it actually is a wall
 
Negative, I watched the feed, it was all bought, my first thought was cancels, but nope, it was 5 or 6 munches and it was gone, all 1400 of em, out of no where

So you claim that 1400BTC was moved in a few seconds? Under 5 minutes if I'm feeling generous? Let's have a look...

For the entire hour from 15h00-16h00, volume on bitfinex was only 3000BTC. Let's see if anything exciting happened in that hour on closer examination... Largest 5 minute volume in that hour was 967, right about the time of your post (15h45-15h50). If we go further into the 1 minute interval within this 5 minute period the largest volume was 302BTC...

You can draw your own conclusions... It certainly is possible for 1400BTC+ to be moved quickly, but I'd hazard that 99% of the time there is a good portion of the wall that simply gets cancelled
 
it will not persist indefinitely, the effect of these movements is to move wealth from the "retailers" to the "wholesalers"

at some point funds run out from the retailers

You're presumably referring to the narrow world of exchanges and traders. I'm referring to the actual distributed Bitcoin blockchain ledger. It is not something that can be shut down, or "go out of business".
 
For my very first time in my history of participating in cryptocurrency, this is the first time seeing the price of Bitcoin internationally being higher than the price of Bitcoin on Luno. Crazy!

It literally happened a week ago. And several times before that...
 
You're presumably referring to the narrow world of exchanges and traders. I'm referring to the actual distributed Bitcoin blockchain ledger. It is not something that can be shut down, or "go out of business".


yeah but when the losers run out of money then that's the end of the fun
 
These are the good days as far as I'm concerned. This is exactly the time to be hoarding as much BTC as you can in preparation for the next bull run. Blood in the streets and all that.

n00bs are panic selling and handing their wealth to the smart money as usual.
In the gambling world , this is called "I have a system" , even when playing games of luck with the casino having odds stacked against you.

And as with gambling, it constantly needs to be fed. So, loss of early spectacular gains , cause the most conservative of people to turn to a certain version of insanity. And plough in more until they have a net loss far exceeding what they put in.
 
I'm seriously considering getting an overdraft or a loan at my bank, and transferring the moola to Luno to buy BTC. Decisions decisions......
Don't.
Imo you either have available cash to trade with or you don't trade at all. There will be plenty trading opportunities in the future either with Bitcoin or altcoins. Don't get into debt to make money.
 
For my very first time in my history of participating in cryptocurrency, this is the first time seeing the price of Bitcoin internationally being higher than the price of Bitcoin on Luno. Crazy!

c8999a89980ee856802919682d494f7e.jpg
 
Don't.
Imo you either have available cash to trade with or you don't trade at all. There will be plenty trading opportunities in the future either with Bitcoin or altcoins. Don't get into debt to make money.

I suspect he wants to take out a loan in order to buy on luno at 10% discount, move funds to international exchange and sell and hold USD. The only problem and biggest risk to this is the delay between him getting the loan/overdraft, moving the funds to luno to buy and moving the funds to international exchange and sell for USD. If he times it wrong in any way he could be stuck with no gain and potentially exponentially higher risk.
 
Status
Not open for further replies.
Top
Sign up to the MyBroadband newsletter
X