Stop your whining and grow a pair. Millionaires can push the market much more than my small 20x leveraged long will do. If the entire future of bitcoin's value was subject to some traders deciding to go 20x long it would have already been destined to fail anyways. The technology is where the value is, not the current price or how people hedge around it.
Millionaires don't get to be millionaires by buying something that has already gone up 40% in a week. They already bought if they're buying at all and now it's the dumb money pouring in. there may well be enough greater fools for you to profit, but the technology is a network that has a SEVEN TRANSACTIONS PER SECOND LIMIT. If any of these newcomers try to take their coins out of the exchange and do something with them, the network will crash. 604800 transactions/day max. I have a pair. Grow a brain. You're extremely short sighted. Be sure to sell your bitcoins as soon as you feel the bull run is over and there is no more "dumb money" pouring in, in order to maximize your dollar profits. Once you have sold out of this extremely limited network with its 7 tps limit let us know and then you are welcome to join the ranks of NLC as an outside critic. Edit: "Millionaires don't get to be millionaires by buying something that has already gone up 40% in a week." --Do you think I got into bitcoin just this week? |
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So what happens when someone is leveraged 20Xlong and the price drops 5%? A forced liquidation, which causes the price to drop another percent or two, causing more forced liquidations and so on. A margin call cascade can cause the price to plummet in hours. Wiped out bulls have no money left to take advantage so it just keeps dropping.
Hell, even I can't take advantage because my giant pile of fiat is lent out.
So when does it finally stop? When bears cover their shorts. The problem is that there aren't enough bears left. Many of them got wiped out in the pump.
This kind of volatility is terrible for bitcoin. Money with a wildly fluctuating value is not very useful.
Stop your whining and grow a pair. Millionaires can push the market much more than my small 20x leveraged long will do. If the entire future of bitcoin's value was subject to some traders deciding to go 20x long it would have already been destined to fail anyways. The technology is where the value is, not the current price or how people hedge around it. |
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20x leverage is a joke. Nobody needs that Unless your attempting to maximize a return. The way I figure it I'm either going to lose my entire margined amount (I won't stop before I do) or I'm going to win big on my bet. I would 30x it if I could. I wouldn't go much further than that because I *do* believe in a few single digit dollar corrections. I just don't think that much leverage is healthy. That's all. If someone needs 20x leverage in order to make enough money to matter then they probably shouldn't be gambling 20x in the first place. Only invest in what you can afford to lose. Now if you are just playing with small sums here because it's fun and you like trying new things be my guest... My 20x leverage is a gamble. A gamble is a gamble. I consider all my gambles 100% lost and in the case that I by luck end up winning I like to see large numbers. My trading is never an "investment", my trading is always a "gamble" (I don't have a clue how to trade). I can always afford to lose the amounts I gamble  |
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20x leverage is a joke. Nobody needs that Unless your attempting to maximize a return. The way I figure it I'm either going to lose my entire margined amount (I won't stop before I do) or I'm going to win big on my bet. I would 30x it if I could. I wouldn't go much further than that because I *do* believe in a few single digit dollar corrections. |
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Amazing how all the resident bears come out to play when we've had a 3-4 dollar correction, absolutely adamant that
- This epic price surge hasn't lost them any money.
- They then proceed to tell us that they'll now be shorting & making lots of money.
One of the above scenarios is usually bull shit but which one?
This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't. And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference  Instead of "cashing out", we can always just purchase goods and services with our BTC. BTC price going up increases our purchasing power irregardless if we convert to fiat or not ourselves. >just purchase goods and services Oh_you.gif Like anyone actually does that  Sure, you'll buy some shitty dope & CP a few times, but once you hit puberty & figure out that Paco sells better, fatter, and cheaper bundles @ bodega next door, the thrill's gone. Now what? I have no idea what you are talking about, Paco? Bundles? Bodega? Anyways I actually buy stuff with bitcoin, not sure why you think that is a big deal? |
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Amazing how all the resident bears come out to play when we've had a 3-4 dollar correction, absolutely adamant that
- This epic price surge hasn't lost them any money.
- They then proceed to tell us that they'll now be shorting & making lots of money.
One of the above scenarios is usually bull shit but which one?
This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't. And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference Instead of "cashing out", we can always just purchase goods and services with our BTC. BTC price going up increases our purchasing power irregardless if we convert to fiat or not ourselves. The USD has become worth less since 2009 while bitcoin has become significantly more valuable since 2009. The choice of which to hold is an obvious one. |
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The OP is clickbait so he can collect affiliate commission on all your amazon purchases over the next 3 days. That's also why its a newbie account so he doesn't have to make the 0.5btc payout once he's done
You can tip me for exposing the truth here: 1NmVuA5gSFyZTjGDnA5ZADC1YNciP4nXbU
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It can be derived from whatever it likes. 44% increase in price in just 1 month. I'll take it. Someone is (buying) a 100 bitcoins here, 100 there and so on and so forth Can I interest you in some Mavros? How's 100% per month sound, will you take that? You're trying so hard right now |
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Wow, we've seen this type of volume before  And we see what it is derived from. Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.
To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".
Exhibit H:  There is something unnatural about this picture. Your guru ended up being correct, but they used a somewhat tainted indicator. It can be derived from whatever it likes. 44% increase in price in just 1 month. I'll take it. Someone is buying a 100 bitcoins here, 100 there and so on and so forth |
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Wow, we've seen this type of volume before |
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so when does this shiz go exponential?
in ~ 6 months we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up! Are you sure?  |
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so when does this shiz go exponential?
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What assets would be good to invest in?
How would you even start investing in those assets, as someone who is young and has never invested in anything but bitcoin before?
He's talking about stuff like owning rental properties in highly desirable areas. Or owning prime farmland and leasing it to farmers. These are things that are going to produce steady income every month with low risk. If you get to the point where you have so much money that earning 10% per year sounds great, then that's a great idea. (But most people on these forums are crumb-bum adrenaline junkies looking for 10x gains on their four or five digit bankroll.) How do you start investing in those assets? Buy a real estate book or a book on farmland leases. This stuff can be pretty hands-off if you give a slice of the money to middlemen agents who manage the assets for you. If there's a financial collapse, people still need to live somewhere and eat, right? So if you own housing, food-producing assets, some skills, and some unseizable crypto, then you're as protected as you're going to get. Slightly off-topic but what other income generating assets do you recommend? Rental houses and farmland both fall under land property and can easily be taxed to hell and back in times of a financial crisis. |
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There is about a $30 USD spread between US and china right now. pretty impressive
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Looking for a long term seller of target gift cards. I will buy approximately $200/month of gift cards with bitcoin in exchange for a 20% discount on the cards.
PM me if you have cards to sell.
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Gemini's low trading volume could also be due to the lag in wire transfers. Give it a week and we will find out.
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What is interesting to speculate about is that there will likely be relatively low liquidity at the exchange when it first opens. There's a heluva lot more fiat in New York than there is bitcoin.
That means it's possible that institutional investors with huge piles of fiat could just market buy and drive the price up quite high. The Winklevi are probably not going to use their own coins for liquidity, but it remains to be seen.
one word: Arbitrage... Google it... market orders were placed on Gemini the arbitrage would be to send bitcoins from other exchanges to Gemini thereby increasing the bitcoin price across the board. |
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