Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
still bullish on bitcoin...we shall go to that 38-42K, then see.
Let us pray.
someone needs to cut a piece off buddy and graft a number 3
watch it, phil. u get baned for threatening to dismember the robot.
Newbie question here: Is it prohibited to threaten or extort ChartBuddy?
Nope upgrading and modding the bot. is okay. Shredding buddy is a no-no.
Harassing, trolling and bribing the bot are acceptable too..
None of it seems to work, though.
so far.
$260mil longs liquidated in minutes, most of them in BFX. It seems that around 75 longs each for 1mil to 1.26mil belong to 1 person. This is quite a loss. May the Lord has mercy on this n00b soul. And this is why we are in a bear market. When we have even one such whale fool to buy high and sell low, all bullish scenarios go south.
Edit: Things are getting even funnier: The bigger part of this long liquidation happened earlier today with $200mil liquidated on Bitfinex from 31800 to 31500. Some n00b was clearly trying to win the jackpot with a 100x leverage. So, in that case he lost all his $200mil long position. Well played, mate. Cheers for the imbecile!
n00b question here: Does BFX offer 100x leverage on spot BTC, or only on perps? (Are we talking about perps here, or actual BTC impacting the market on liquidation?)
Totally off-topic, I disagree with some people here about derivatives.
Off topic?
You are talking about bitcoin derivatives right?
Seems that would be on topic, but I don't understand what is your difference of opinion with people here.
People here disagree with people here about all kinds of things, including various angles on how to interact with bitcoin in terms of attempting to accumulate it, whether to even trade it and even the extent to which various bitcoin financial instruments might be used or usable.. to the extent that any of us understand the various kinds of complex financial instrument products, and surely it seems to me that a lot of us are concerned that the employment of various financial instrument products tend to be run through third parties, so maybe some of us just get more irritated by many of them not necessarily settling in bitcoin and if they are able to employ tactics that cause price moves in bitcoin without actually having to hold bitcoin (naked shorts, for example), and whether we understand the topic or not, sometimes some of us might even disagree with our own lil selfies.. from time to time.