It'll accelerate. There are more bitcoin for sell on MtGox now than there have been for a while. The price has gone up a lot in the past couple months and lots of people want to cash out apparently. I think we could go into the 5s.
Oh you are so bullish, I think we will go to the 4's!  You sold, right? Yeah... at 8.50, 8.75, and at 9.00, do you think I shouldn't have? he thinks you should be able to buy back at 4.xx 5.xx Hold on to that USD, it could be worth something one day  |
|
|
|
|
what ever happened to bitcoin ATM?
|
|
|
|
did you guys see this new site? https://bitcoinopx.com/how-it-worksOption type and size
There are call and put options which may represent either 1, 10, 100, or 1,000 of the underlying asset.
Contract for Difference
Options here are exercised as contracts for difference. This is advantageous as traders don't have to own the underlying asset. Instead, when an option expires if it is in-the-money the option creator pays the holder the difference between market price and strike price per bitcoin. Here is an example.
Bob creates a CALL 100 option with strike price $5.25 maturing a week later. The current price is $5.20 and Bob thinks it is headed lower. He puts the option on sale for $10.00.
Suzy buys the option because she thinks the price is headed higher. On the Friday of maturity at 6 p.m. the market price is $5.50, which is a difference $.25 higher than the strike price. Bob would pay the difference $.25 multiplied by 100 (the size of the option) which equals $25.00.
their options are kinda confusing... but it would seem to offer some kind of leverage. |
|
|
|
Is your site working? I don't see any quotes for options
Yes, the site is working, but lacking activity for now. Bitcoin is a niche community and people readily comfortable with jumping in and trading complex options to their advantage seems limited. However, we're now working on establishing BTC <-> USD currency exchange using MoneyPaks which may help with traffic. That might spill over into options trading too. We're ready to grow as the Bitcoin economy grows. i didn't know about this site till today I'm trying to wrap my head around it, trying to figure out how to go long / short maybe you could expand the How it Works section and really dumb it down ( like what is strike price? ) give me an example of a bullish & bearish option |
|
|
|
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.
what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.
its ironic that a bear (pirate) has unknowingly layout this epic bear trap
Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped... when trying to move 100,000 coins, Its easy to get yourself trapped. I'm sorry ...were we still talking about pirate? ya the guy that dumped 100,000 coins from 9.20 to 7.60 he trapped himself. and all you lemmings are fallowing him off the cliff, thinking hes going to save you. TAKE YOUR BITCOIN PROFITS |
|
|
|
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.
what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.
its ironic that a bear (pirate) has unknowingly layout this epic bear trap
Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped... when trying to move 100,000 coins, Its easy to get yourself trapped. |
|
|
|
wouldn't it be more profitable for him to bring prices up over 10-12$, waiting for more support and sell into it, then initiate enormous panic selling and then buying back way under 7-8$?
with his current tactic he didn't make much profit... ;-)
ya he called the "top" a bit low, this will make it hard for him to bring it down, and hard for him to buy back lower also he's probably looking at all our post about him and he's LOLing hard  |
|
|
|
|
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.
what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.
its ironic that a bear (pirate) has unknowingly layout this epic bear trap
|
|
|
|
It'll accelerate. There are more bitcoin for sell on MtGox now than there have been for a while. The price has gone up a lot in the past couple months and lots of people want to cash out apparently. I think we could go into the 5s.
Oh you are so bullish, I think we will go to the 4's! You sold, right? did you? |
|
|
|
Yup...building pressure downwards. People wanting to cash out after the rise in price....i dont blame them....I DID...at $9.20  oh you evil smoothie  |
|
|
|
I cant shake the feeling that he was behind the failed January/February rally as well. It was even easier with bitcoinica in place back then. So basically, he doenst have to keep throwing BTC at the market once he tipped the momentum. The time is now. If he can break that triangle, he's winning, if he cant, he will loose in the medium term. In case of second scenario he may let it ride beyond 10$ for some time in the hope the rally will exhaust itself, but at some point he'll probably throw everything he's got in the pot to bring prices down and if unsuccessfull, make a run for it (with all the left over money).
yes he was in control of that hole time. but more people got to buy cheap, i dont have a problem with that in many ways its good for bitcoin to have Manipulators, the more the better and he can't run with the cash, he Might be able to get away with the left over bitcoins tho? i think it would just be a bad month in the market for him, i dont see him getting cleaned out anytime soon |
|
|
|
In order to break the current triangle pirate (or whoever attempts it) has to break below 7.80$ and keep it there for some days. Unless the orderbook changes, his usual amount of funds is not sufficient to drive the price below 7.5$ (from where it is a shallow path to 6.00 $ and beyond), which would be good to squash buyers confidence. From the 17th of July onwards, he used around 70k BTC to drive the price up or down in order to stop further rally efforts. In the process he has lost at least 8000 BTC. So he now may have to stack up. If he doesnt, it will be hard for him to accomplish any breakthrough. We may see another withdrawal from his seeming address: https://blockchain.info/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM. Current final balance: 447,835.01317523 BTC. Also read this: https://bitcointalk.org/index.php?topic=94675.0By writing this, I am aware of the fact that any amount could just be shifted around to other addresses to make it look like a major dump is impeding. I am certain, nevertheless that this dump has to exceed all prior ones in magnitude in order to be successfull in his regard. I think he will get his way, the price will go down, but he will have to sell a lot of bitcoin in the process. Now that he has the price lower hes going to want to "stabilize" it their for a while in order for him to be able to buy back all these coins he sold at a lower price. This is where he gets in trouble, he's going to place a huge ask wall at 7, he doesn't want to sell at 7 he sold at 9.50-8.50... but he will place the wall their to pressure people to place asks at the 7$ level. Problem! someone eats his 7$ wall and price is Climbing, in a panic pirate starts to take dumps ( in more ways then 1 ) he dumps over and over desperately trying to "stabilize" the price at 7, and it works! 7$ and holding but now hes 150,000coins short, 50,000 sold at 9, 100,000 sold at 7, now he needs to buy back 150,000coins bellow 8$, their simply wont be enough sellers someone out of the blue buys 100,000coins pushing the price above 10$ game over! |
|
|
|
5$ is the floor 6.5 is likely to never be seen again 7.5 is likely to bring strong support 7.0 is likely to become the new 5 enjoy getting fucked over by this prediction |
|
|
|
|
slogan:
bitcoin - decentralizing the financial revolution world!
|
|
|
|
Sure, it would be bullish but I've seen no evidence he is in a short squeeze. Just a bunch of wild imaginations.
no hard evidence yet |
|
|
|
theirs alot of good news around my friends are thinking about putting a few $ in bitcoin ( shes trying to get rich off a ponzi scheme called "Team" ) so far all she did is wast her time driving around and going to meetings while spending 300$ entrance fee + more money here and there... I'm like fuck that, cut your losses their and join bitcoin! price is Very unpredictable, but we can see the most likely path Imagine if each of us got just one person to buy 1 bitcoin. If the current userbase is 30k people....that's 30k bitcoins bought... Naturally, when a friend puts money in, i do too. |
|
|
|
theirs alot of good news around my friends are thinking about putting a few $ in bitcoin ( shes trying to get rich off a ponzi scheme called "Team" ) so far all she did is wast her time driving around and going to meetings while spending 300$ entrance fee + more money here and there... I'm like fuck that, cut your losses their and join bitcoin! price is Very unpredictable, but we can see the most likely path |
|
|
|
this is FUCKING HUGE !!!!!!!
lol |
|
|
|
Just my speculation that the bitcoin price will hit $7.50 in the next 3 weeks.
It goes against some people's predictions to see $10 bitcoins. Then again it could go over $10 and come back to $7.50. The market has done wierder things (go to $31 then to $2).
if we did one final jump up and over 10-13 and go down from their... but i have to agree 7.50 is likely whats even more likely tho, is 10 price will move to 10$ b4 the reward halfing then it will surprise surprise double! 20$ a coin |
|
|
|
|
Show Posts
