Quote from: hdbuck on August 18, 2015, 03:11:58 PM

Quote from: natewelt on August 18, 2015, 03:09:15 PM

Quote from: hdbuck on August 18, 2015, 06:41:01 AM

so there is a really really thin bid book on stamp...

I've said something similar to this before and got no legitimate responses. I think Stamp's orderbook is the most predictive of all the exchanges by a long-shot even though it's not the biggest.

Finex can have huge bid support yet the price still drops, but it seems like when Stamp has huge bid support the price actually stays supported or rises. The Stamp bid support started to wane once we fell back below 300 and has not recovered. I am patiently waiting for bids to overcome asks on Stamp before I buy anymore. So far this morning the Stamp orderbook has begun looking more bullish. Still have a long way to go though.

yes, i use stamp. finex could be dumping thousands within a blink. way too much bots there.

PS: finex now down to 13k btc instead of 20k..

The problem on BFX is the ~$30 million in margin longs that will all have to cover at some point. Most of those bulls have long since run out of fiat and so fees and interest are being taken out of their BTC and sold. This amounts to huge overhead resistance. I'm margin long and when we got that pop up to $262 on Sunday, I took some risk off the table. If everybody does that (and it looks like a lot of us are), It amounts to a massive downward ratchet.

You are right if you think leverage can cause volatility but that's a profit opportunity for savvy traders, Yet leveraged short sellers can halt a crash when they cover.

You have to look at the picture long term. if you can stay solvent until a few months after the halving (about this time next year) without taking any profits at all, then you are in good shape. Bitcoin doesn't have to out-perform the dollar in a world with negative interest rate bonds. It just has to out perform alternative speculative investments, payment systems, and title recording systems. It's gotta flatten out before it goes back up to the moon. that will take months.