Bitcoin Forum

http://www.etoro.com/blog/markets/13032013/bitcoin-the-top-performing-currency-in-the-world/ (http://www.etoro.com/blog/markets/13032013/bitcoin-the-top-performing-currency-in-the-world/)


For those who don't know etoro :

(source (http://vator.tv/news/2011-01-26-etoro-raises-83-million-launches-badges) edit : 2011 figures)

This rally is far from being over  :)

This is great news if it's true. Do you know when they will start dealing with BTC?

None of the links under the 'More' button at the top of the home page work.  Anyone else have that problem?

Man this is huge news.

What kind of investment volume goes through etoro, does anyone know?

Weird.  I've gone to their site from links in four different locations, and the site is different every time.

Now, this is bullish! Got it?  :D

This is from Wikipedia:

"The company claims to manage investments worth tens of billions annually and reports an annual customer growth rate of 20%. In its public statements the company has reported that is has 1.5 million registered users and claims that it receives 2,000 new account openings every day."

But why hasn't etoro made any statements? I don't know how trustworthy news are when found on a blog..

Looks legit: http://cy.linkedin.com/pub/amos-meiri/45/29/230

i c wut u did thar

Hrmm, that link just takes me to a page that has the HN menu bar and nothin' else, but maybe I just don' know how to Internetz.

flagged, I guess

I was waiting for someone to put gox instantly into 2nd place. Short MtGox!!

with news like this even 80$ dollar seems cheap

I might find myself in the most psychological demanding game:

riding a rally to its end

The rally will never end!  ;D

Downloading the Etoro android mobile app like a baws.  8)

I have to review my original thought :

it really depends how you trade it there.
if you can just buy and sell it seems like a CFD and guys will
just buy and sell for profit without adding any value to the community.

if you can withdraw it might make the bitcoin QUITE hard to come buy if
you know what i mean :D

If you can do margin trading lot of people will be really fucked because
regardless of how expierenced them investors are - this bull here
has horns and this bear here as claws and teeth - and the traps here
are live action ammunition!


As usual - buy on rumors sell on news
and buy bitcoins - never sell

Is this related to the hedge fund in Malta ?

http://bitcoinfund.eu/ (http://bitcoinfund.eu/)

It seems so...also, nice site.

quote from site "The funds shares are distributed exclusively through the EXANTE Hedge Fund Marketplace platform" 

You do realize that leverage can be used to speculate against bitcoin too, right?

tl:dr; The shorts are coming!

That is fine, it will keep price more stable. You cannot short when trend is bullish because you lose money. But you can short when there is a bubble, you make money not allowing bubble to grow.

Every short that opens has to be closed sooner or later. Repeat after me: For every BTC sold through shorting, a BTC will have to be bought to close the position. Shorting's net effect will be exactly zero. All this will do this stabilize the price, as shorting can temporarily suppress the price if it rises too fast in the eyes of the bears, which is a good thing.

repeat after me:

how do we know they cover every coin they trade on their platform?
Papergold - fine
Paperbitcoin - better be a offline wallet!!!!

I do. And I'll be happy to take the other side of the trade.

And even more imporantly, it provides liquidity in the event of a crash as the shorts cover their positions. Thus making it easier to find the floor.

This is why banning short selling during the 2008 crash in the financial markets were so stupid. The shorts were basically the only buyers during the crash. When it was banned there were only sellers left, which increased the volatility.

I see where EXANTE is listed on the HYIP Monitor site:

http://www.hyips-monitor.com/?search=EXANTE

Maybe Pirate's got a piece of this action...

I think that's just a scam with a similar name. Try https://exante.eu/ (https://exante.eu/).

Ah, yes.  Thank you.

CEO of etoro is funding bitcoinx.org (they are working on colored coins, aka ripple on the bitcoin block-chain). I talk to Yoni all the time, trying to convince him to do colored coins my way, and that if he does I'll make him the richest man in the world. Haven't convinced him of that yet, but he is definitely into bitcoins big-time.

are you joking?...

yeah, you gotta buy back what you shorted, at a lower price!!!!

40btc at $50 are not the same as 40btc at ten....

I can hear the cries already from the margin calls

i hope they are aware that they cannot apply the usual CFD logic with bitcoin. unlike gold or big securities even modest amount of money can swing the price. someone should tell them before they get burned

Why tell them? Better to skin them and put the pelt up on the wall.

short magin calls or long margin calls ?

Doesn't really matter. They'll both be crying soon... gambling is still gambling, and only the house wins  ;D

Well I think we are a long way away from anyone having a chance with a long term short. Maybe if we get up past 300 this year it will be possible... otherwise, they are just asking for pain.

data> guess
https://bitfinex.com/pages/public_log