Did it open on gox?

I have to cancel them all if I want to get into a trade at the current price. Then place them all again before I go to sleep. Maybe I could just leave the little 10 and 100 orders on there though.

To be safe I never go to sleep without orders at 8000. 5500, 3000, 100, and 10 (in case of exchange liquidation). You can just set orders and not have to worry about watching the market 24/7

That all looks like a slow controlled rise over 15 to 30 years to me. Not 2 months. Also there is a single up phase and not a staircase.

Crashes dont happen slow on the way down like this where you can predict it. They happen when its going up and setting ATH and then suddenly BOOM youve lost 80% of your money.

Maybe hes selling?

I dont know where you get the figure that the worlds monetary instruments sums 3.75 quadrillion. The figure I got was 60T. However, would bitcoin even be equal to whatever this number is? I ask because this number is based on the fractional reserve banking system where debt is money and there 10 different copies representing the same money. Like a loan on a future on a stock representing mortages, etc..i and it was hoped the bitcoin would get rid of this.

When I joined, the early adopters were those in 2010 who had already made 1000 times gains. The early adopter status is based on where they are compared to the present, not where they are compared to the future. However, even if you were to make it about the future, that means there would have to be another 1000 times gains from here on into the future for noobs to be early adopters. That would put the target price at $15,000,000, with a market cap of $300 trillion equal to 5 times all of the world's monetary instruments.

You need to revise your definition of a bear. A bear is not someone who predicts anything less than the moon and stars in a jiffy.

So who is considered an early adopter these days? Is it still people who bought in 2010, or is it now people who bought in 2012 or 2013? And dont give me that bull answer of we're all still early adopters.

on a 1 minute chart of course

Finex: spike back up $300

Stamp: Continue dumping to new lows.

Can you explain how "just adoption" justifies a price increase of 2000% within a few months? Adoption does not just suddenly jump from horizontal to straight lines and and happen all at once in a 2000% spike. It is more like a smooth logarithmic curve of a few percent per day. So if it jumps too much that means it is overbought by traders.

woah wtf happened to alts

It was $2.

$265/$2 = 132.5

$17171 / $152.4 = 112.6

Almost there

Satoshi Nakamoto IS GOD

Since learning about how the btc futures work, I am less bullish on the matter. They are cash settled meaning they are just bets and arent every settled against real bitcoins. Each owner has a brokerage account that is restricted to them that holds their bets. At the end of the trades the exchange uses bitcoin's price on real exchanges as an imaginary reference rate to settle the bets. Its like betting on horses. Those with losing bets pay those with winning bets - but never are real bitcoins actually touched - no clearinghouse is ever going to buy from bitstamp, etc. in relation to futures. I cant think of a way to arbitrage either, since futures cant be transferred away from their owner.

Futures are a trick and are not actually increasing the public's exposure to bitcoin at all.

Here is the potentially bearish take:

What is the limit on the futures? It has nothing to do with the amount of real bitcoins, since there is no settlement with real bitcoins. There could be billions of these futures. So essentially we have a limitless number of worthless imaginary coins being dumped to all wannabe bitcoin investors instead of them buying real bitcoins. Futures are keeping traders who were interested in buying real bitcoins on real exchanges, instead buying imaginary bitcoins on imaginary exchanges where they support the banks. It is effectively keeping them OUT of the bitcoin ecosystem right where the banks want them. Meanwhile our market cap of real bitcoins is not increasing at all. In fact we might even be having some of our traders SELLING and LEAVING so that they can trade on more reliable futures exchanges.

How does btc futures arbitrage work, if a btc future is a limitless imaginary cash settled game that cant leave the account of the owner? Its like betting on horses. Im less bullish on this after learning how it works. The public isnt really getting exposure to bitcoin at all.

Its actually a way to keep all the traders OUT of the real bitcoin ecosystem, and dumping billions of imaginary bitcoins for them to hold instead, so we have less real market cap. bearish