[/quote] Can we please leave religion out of here. There is enough polarization on these boards already  . [/quote] ok
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Why are there so many conspirationist in here? Whales and Illuminati my ass. Just a bunch of amateurs with greed in their minds and herd behavior. Chill, this is a looong project, not something to be retarded over. It will be fine, and it will be dandy!
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"Ohio-based trader Dan Mercede buys from exchanges, including Bitstamp and Lake BTC, and sells mostly in the form of over-the-counter (OTC) transactions to his own regional customer base of private clients. He said former long-term holders of bitcoin that sold out in weeks past are getting back into the market in a big way now the price is dropping further.
“Demand is really high with low prices and all the sellers that [were] holders before are actually returning buyers again right now,” he said.
Mercede, who is CEO of Cryptocoin Capital Management (CCM), claims he has made an average return of between 8%–15% per day mostly by buying off Chinese exchanges and selling locally, or vice-versa.
“I can get some crazy returns right now,” said Mercede, who cited a trade this weekend where he purchased 20 BTC at $375 and resold the units at $560 to a client within hours. CCM has been executing similar trades for amounts up to 50 BTC per trade a number of times in September, according to Mercede.
It is common practice in North America for retail investors to buy at premiums via local trusted brokers in the case of many asset classes. What is unusual is that customers are happy to pay such large premiums. Many speculate this is the direct result of exchanges being associated with countries such as China and Russia, which do not resonate well with the American public."
This...
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DEFINITION of 'Arbitrage'
The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.
Buy at BTC-e and sell over at Huobi.. $20 difference now...
This is just another hurdle.. RIGHT? Right... oh, I am still mining, and buying. So I must be a bit retarded...or maybe just not shortsighted?
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I don't understand why holders are selling their btc
People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")
This means that each btc will be worth thousands (or millions) of dollars, according to this thery.
In this view, btc are underpriced now... so why sell?
The only possible answer would be that they don't really believe in this technology, I guess
hodlers are not selling, only one entity/manipulator/mark karpeles is selling please post your evidence of that... |
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So BTC-e what is your game.. that $10 difference between Stamp and the Russians, is just irritating. Someone needs to get down to 350 it seems. Still buying and Holding. (Hodling... hedelei hodelei hei hihi)
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I guess I am a fool, but I am buying more coins with my fiat. I think we will end up where we all want it to be. Just not as fast as some of you want.
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Bears seem a little defensive today.
Circle is definitely a long-term win for Bitcoin. The friction of buying a Bitcoin just went down a lot. Regardless of short-term price movements, today is a good day for Bitcoin.
This |
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 Lose vs Loose A lot of people are mixing up lose and loose. In particular, a lot of people are writing loose when they really mean lose. Here are the definitions of the two words from my Penguin dictionary: loose [lOOs] adj not fastened or pre-packed; not tied up or confined; able to move freely; not tight, not firmly fixed; not close-fitting; careless, inaccurate, vague; dissolute, immoral; not closely woven; flabby; (of bowels) inclined to diarrhoea; l. box stable or van in which an animal can move about; at a l. end uncertain what to do next; unoccupied ~ loose adv in a loose way; play fast and l. behave rashly or unscupulously ~ loose n release; on the l. free from restraint; on a spree; ~ loose v/t untie, undo; release from confinement or constraint, set free; detatch; fire (gun); shoot (arrow); (eccles) absolve. lose (p/t and p/part lost) [lOOz] v/t and i no longer have; be deprived of by accident or misfortune; mislay, fail to find; fail to get or win; be too late for; be bereaved of; waste; be defeated or beaten; suffer loss, become worse off; fail to hear, see or understand; cause or allow to perish; (of clock or watch) go too slowly; (refl) miss the right path; become absorbed in; l. one's head become flustered, panic; l. one's temper grow angry; l. one's way fail to find the right path; l. out (US) be defeated after a struggle. Examples: This knot is too loose. Please do not lose my book. I had better not lose that file. many BTC owners are facing the prospect of selling their BTC for a loss /*that's the joke meme*/ /*I know, I am HODELING*/ thats why the smiley's were there... talk about meta.. :-) |
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Lose vs Loose A lot of people are mixing up lose and loose. In particular, a lot of people are writing loose when they really mean lose. Here are the definitions of the two words from my Penguin dictionary: loose [lOOs] adj not fastened or pre-packed; not tied up or confined; able to move freely; not tight, not firmly fixed; not close-fitting; careless, inaccurate, vague; dissolute, immoral; not closely woven; flabby; (of bowels) inclined to diarrhoea; l. box stable or van in which an animal can move about; at a l. end uncertain what to do next; unoccupied ~ loose adv in a loose way; play fast and l. behave rashly or unscupulously ~ loose n release; on the l. free from restraint; on a spree; ~ loose v/t untie, undo; release from confinement or constraint, set free; detatch; fire (gun); shoot (arrow); (eccles) absolve. lose (p/t and p/part lost) [lOOz] v/t and i no longer have; be deprived of by accident or misfortune; mislay, fail to find; fail to get or win; be too late for; be bereaved of; waste; be defeated or beaten; suffer loss, become worse off; fail to hear, see or understand; cause or allow to perish; (of clock or watch) go too slowly; (refl) miss the right path; become absorbed in; l. one's head become flustered, panic; l. one's temper grow angry; l. one's way fail to find the right path; l. out (US) be defeated after a struggle. Examples: This knot is too loose. Please do not lose my book. I had better not lose that file. many BTC owners are facing the prospect of selling their BTC for a loss
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To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.
Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible. Nice avatar btw... oh, wait, you did not get one... |
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To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.
Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible. Or you have ADD or is just impatient... it will take time, but it will be easier for people to invest or use BTC..  |
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To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.
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And its open again.. god sign that it had such a run, that they had problems with servers
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"
Scheduled maintenance
We are currently performing scheduled maintenance. We will be available shortly.
We apologize for the inconvenience.
"
Is what I get when I try to log in again... why would they do maintenance on a day like this?? Me thinks someone broke the site...
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Oh Glory! Just got 10 BTC of Circle. If this works as sweet as I think, I will now open my BTC site and get that ATM. Let the new economy begin!!
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I hope, that like me, a lot of ppl will jump at the opportunity to buy with a CC... I just added 2 cards to Circle with good amount of credit. (over $50.000) and I am going to buy BTC. This has been the biggest hurdle for me and my Scandinavian friends. I have at least 10 friends that now are going to buy. Even if they just buy a couple of coins, it is going to be good. The whole SWIFT bank transfer and waiting days for it to show up on an exchange was to slow and lost me money. If Circle works, I bet you this is going to be big. Setting up something in the middle, and selling coins should also be easier. I now think I will put up that ATM in Oslo after all...
Scandinavians, especially Norwegians have shit loads of fiat, and will react if they see this as a good thing. Most ppl I know, have been waiting for this. So a good day. Now if I could only deposit via the cards...
i thought thats whats circle all about?? I could add the cards, but my keyboard does not respond when I try to enter the amount. So it could be that my Norwegian cards are not getting accepted yet, but I did not get a msg, like other about only US cards working. It will be solved I think... I just want to buy BTC, and its not the easiest to do. I think that is the biggest reason for BTC not going up.. |
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I hope, that like me, a lot of ppl will jump at the opportunity to buy with a CC... I just added 2 cards to Circle with good amount of credit. (over $50.000) and I am going to buy BTC. This has been the biggest hurdle for me and my Scandinavian friends. I have at least 10 friends that now are going to buy. Even if they just buy a couple of coins, it is going to be good. The whole SWIFT bank transfer and waiting days for it to show up on an exchange was to slow and lost me money. If Circle works, I bet you this is going to be big. Setting up something in the middle, and selling coins should also be easier. I now think I will put up that ATM in Oslo after all...
Scandinavians, especially Norwegians have shit loads of fiat, and will react if they see this as a good thing. Most ppl I know, have been waiting for this. So a good day. Now if I could only deposit via the cards...
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yeah cause EVERYBODY is on the up and up and there is no corruption in the world so yep I guess there is never a shred of truth in any "conspiracy theories". Good one [/quote] Sure, there are shitloads of conspiracies int his world. Just not that big... I never said all ppl are on the up and up, but hey... Just tired of the gold standard and Federal Reserve theories, from ppl who do not seem to understand how the brain works.. we are hardwired to see patterns in EVERYTHING... |
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 Only 18th century kids will get this. Oh... need a tinfoil hat? Conspiracy theories are sooooooo lame and just bullshit spewed by the ignorant.. Next, I guess you are going to say something about a group of ppl from the middle east, based on 12 tribes and an extra long trip in the desert...... |
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